Electric Car News Gm S Electric Vehicles Finally Earned More Than They Cost To Make

GM bets big on electric cars even as market slows

Electric vehicle sales in the U.S. trail other major car markets where General Motors does business, which was not expected to be the case when GM first planned its broad EV portfolio. Though the ... Read More

EV production changes cost GM $1.6 billion, automaker says in SEC filing

GM said not using the equipment it installed for EV production cost the company $1.2 billion. GM attributed the remaining $400 million to what it owes suppliers. Electric vehicle investments cost ... Read More

EV production shifts roil GM's 3rd-quarter profits even as core autos see boost

General Motors CEO Mary Barra thanked President Donald Trump in her letter to shareholders for his latest bout of tariff relief. Barra also noted GM had its highest third-quarter market share since ... Read More

Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion

General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets. By Neal E. Boudette The slowdown in electric car sales ... Read More

Trump's electric car U-turn to cost GM at least $1.6bn in write-downs

US President Donald Trump's reversal of support for electric cars could cost US car giant General Motors at least $1.6 billion in write-downs. GM warned that the losses could be even higher as ... Read More

EV production changes cost GM $1.6 billion, automaker says in SEC filing

GM said in a filing with the SEC that the significant investments it made for electric vehicles represent a "material impairment." ... Read More

GM bets big on electric cars even as market slows

GM’s senior vice president and president of North America is in a critical position as industry braces for sale slump. Read More