Electric Car News: GM Takes $6 Billion Hit, Ties to Electric Vehicles as Demand Sinks

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Details: Written by Bing News Search Results; Category: Vehicle News Articles; Published: 09 January 2026; Created: 09 January 2026; Last Updated: 09 January 2026

GM also expects to record non-EV related charges of about $1.1 billion in the fourth quarter, the vehicle maker said Thursday. General Motors expects to incur a $6 billion charge in the fourth quarter from a review of its electric vehicle manufacturing capacity following the end of a $7,500 EV tax credit and slowing consumer demand.
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Posted: 2026-01-08 02:45:00

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