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GM takes $1.6 billion charge as it reassesses EV plans
Reutersยท 2025-10-14 10:36
Core Viewpoint - General Motors will incur charges totaling $1.6 billion in the third quarter due to a realignment of its electric-vehicle capacity and manufacturing in response to softer demand [1] Group 1 - The company is adjusting its electric-vehicle strategy to better align with current market demand [1] - The $1.6 billion charges reflect the financial impact of these strategic changes [1]