GM just revealed it will take a massive $1.6 billion hit due to its major electric vehicle initiative not progressing as quickly as expected.
GM just revealed it will take a massive $1.6 billion hit due to its major electric vehicle initiative not progressing as quickly as expected.
Breaking: GM confirms a $1.6B charge in Q3 due to setbacks in its EV strategy, driven by slashed U.S. tax incentives and eased emission rules. Major impact on their electric vehicle plans.