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GM to take $1.6 billion charge related to EV pullback
CNBC Televisionยท 2025-10-14 11:10
And we have some breaking news from GM. Our man Phil is going to try and fix it uh for us on the squawk news line for details. What do you got, Phil.Hey Joe, we have General Motors taking charges totaling $1.6% billion for the third quarter related to reduction in what they expect to be EV capacity as well as unwinding some EV product related uh contracts. So as a result, they going to take 1.2% 2 billion in one charge as an adjustment to EV capacity, another 400 million in contract cancellations. So, as yo ...