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GM Takes $10.9 Billion Charge to Reset EV Strategy, Says Worst is Over
General Motors incurred a nearly $2.3 billion charge in the last quarter as part of a $10.9 billion reset of its EV strategy, with the company stating that the most challenging period is nearing its end.
21 Jul, 16:12 — 21 Jul, 16:12
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Business InsiderMostly Factual18d ago
GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
GM said it delivered fewer EVs to dealerships in the last quarter. Bloomberg/Getty Images General Motors took a nearly $2.3 billion charge in the last quarter amid changes to its EV plans. GM, which has more EV products than any other US automaker, delivered 31,000 fewer EVs to dealers last quarter. Profits for its gas-powered trucks are still booming. The price tag for General Motors' EV reset has ballooned to nearly $11 billion. During the automaker's Tuesday earnings update, executives s...
Read full article →YahooMostly Factual18d ago
GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
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First report: Business Insider · 21 Jul, 16:12|Full coverage: 2 · 0m|Window: 0m
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