International Companies

GM takes $1.6bn charge as it overhauls EV plans

By Abigail Townsend

Date: Tuesday 14 Oct 2025

(Sharecast News) - General Motors Corp is to take a $1.6bn hit as it reassesses its electric vehicle offering, the US car giant announced on Tuesday.
The market for electric vehicles has come under intense pressure recently, as consumer demand softens and governments withdraw subsidiaries.

In the US, Donald Trump's...

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