GM takes massive $7.2B charge to realign electric vehicle strategy following Trump administration policy changes and ...
GM forewarned the substantial hit to its earnings in a government filing on Jan. 8 that said the company would be taking on $6 billion in costs.
“We continue to believe in EVs,” CEO Mary Barra told the Street. But GM also believes in free cash flow.
The extra charges dragged on GM’s full-year 2025 earnings, with net income dropping 55% to $2.7 billion. GM raised its 2026 ...
GM CEO Mary Barra has confirmed that the automaker has a handful of hybrids on the way, reiterating that ICE-only and EVs ...
“The investments we’re making now will be very much focused on cost reduction,” General Motors Chair and CEO Mary Barra said during the earnings call. “We have teams on each of our EVs to continue to ...
Without the constraints of strict government limits on greenhouse gas emissions, the automaker in 2026 can make more of its ...
The factory musical chairs reflect an economic and political environment, shaped by the Trump administration's tariff policy ...
General Motors continued its strong run of quarterly performance with fourth quarter earnings that topped estimates, as it ...
14hon MSN
General Motors takes $7.2 billion charge on EV shift as it boosts dividend and sets new buyback
General Motors on Tuesday said it took a $7.2 billion charge as it adjusts to declining customer interest in electric vehicles as the automaker boosted its dividend and announced a new stock buyback.
GM stock hit $87.31 per share on Tuesday, marking an all-time high since the company's restructuring in 2009. GM stock value ...
Canadian Prime Minister Mark Carney has characterized the deal as a way to come out from under U.S. attempts to dominate.
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