GM to take $1.6bn charge amid EV strategy overhaul | NYGazet

The loss of the federal EV tax credit has weakened the sales outlook for EVs.

General Motors (GM) has projected a $1.6bn charge in the third quarter as it revises its electric vehicle (EV) strategy in the light of recent US federal policy changes that could hinder demand. In a regulatory filing, GM indicated that the adoption ... [1760 chars]