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GM is Taking a Big Hit as EV Demand Drops
Yahoo Finance· 2025-10-14 16:28
Emily Elconin / Bloomberg / Getty Images GM is expected to release its third-quarter results next week. Key Takeaways General Motors said it expects to take a $1.6 billion charge in the third quarter as it shakes up its electric vehicle operation because of falling demand. The "Big Three" automaker said it sees declining EV sales with the expiration of U.S. tax incentives. General Motors' electric vehicle plans aren't playing out as it had hoped. The "Big Three" automaker warned Tuesday that it now ...