Reported 17 days ago
General Motors anticipates a $1.6 billion charge in Q3 due to falling electric vehicle (EV) demand, linked to the expiration of U.S. tax incentives. As part of a strategic realignment, GM is adjusting its EV operations and has warned of potential future charges that could impact its financial performance. This decline in demand is seen as a potential warning sign for the broader U.S. EV market.
Source: YAHOO