General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars.
It comes on top of a $1.6 billion charge it disclosed in October for change… [+2137 chars]
GM takes $6 billion hit as cost of backing away from EVs - CNN
General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back on its electric vehicle plans.
By:Chris Isidore
Source:CNN
Published:
Related News
business
business
business
Lagarde Abruptly Exited Davos Dinner as Lutnick Berated Europe - The Wall Street Journal
The Wall Street Journal•The Wall Street Journal
US Pending-Home Sales Plunge by Most Since Start of Pandemic - Bloomberg.com
Pending sales of US existing homes fell in December by the most since April 2020, an unusually large drop after the housing market appeared to be gaining some momentum.
Bloomberg•Julia Fanzeres
Elon Musk’s latest feud is a mudslinging match with a budget airline - The Washington Post
The billionaire has been trading online barbs for days with Ryanair in a spat that started over the airline’s refusal to install Starlink. Ryanair has been leaning into it.
The Washington Post•Jennifer Hassan