GM to incur $1.6 billion charge amid EV tax incentive cuts and sales slowdown
Originally Published 2 months ago — by ABC News - Breaking News, Latest News and Videos
General Motors will record a $1.6 billion loss in the next quarter due to the end of U.S. EV tax incentives and relaxed emission regulations, including $1.2 billion in impairment charges and $400 million in related costs, though its current EV models remain unaffected.