The post GM to take $1.6 billion charge related to EV pullback appeared on BitcoinEthereumNews.com. A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.  Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as planned.  The Detroit automaker Tuesday morning in a public filing said $1.2 billion of the impact will be non-cash charges as a result of adjustments to its EV capacity. The other $400 million in cash is primarily related to contract cancellation fees and commercial settlements associated with EV-related investments, according to the filing.  This is breaking news. Please check back for additional information. Source: https://www.cnbc.com/2025/10/14/gm-to-take-1point6-billion-charge-related-to-ev-pullback.htmlThe post GM to take $1.6 billion charge related to EV pullback appeared on BitcoinEthereumNews.com. A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.  Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as planned.  The Detroit automaker Tuesday morning in a public filing said $1.2 billion of the impact will be non-cash charges as a result of adjustments to its EV capacity. The other $400 million in cash is primarily related to contract cancellation fees and commercial settlements associated with EV-related investments, according to the filing.  This is breaking news. Please check back for additional information. Source: https://www.cnbc.com/2025/10/14/gm-to-take-1point6-billion-charge-related-to-ev-pullback.html