GM to take $6 billion charge after EV pullback

Group 1 - GM has announced $6 billion in charges, which includes approximately $1.8 billion in non-cash impairments and other non-cash charges, along with around $4.2 billion in supplier commercial settlements, contract cancellation fees, and other charges [1] - GM's investment in electric and autonomous vehicles is set at $27 billion over the next five years, representing a 35% increase compared to pre-pandemic plans [2] - By 2030, GM expects that more than half of its factories in North America and China will be capable of producing electric vehicles [2] Group 2 - GM has committed to increasing its investment in EV charging networks by nearly $750 million through 2025 [2]