GM to incur $6 billion writedown due to EV pullback
General Motors (GM) shocked markets in early January 2026 with news that it will record a $6 billion writedown tied to its electric vehicle (EV) business. This charge comes as the company scales back planned EV investments amid weaker demand and changing U.S. policy support for EV buyers. Background: GM’s Electric Vehicle Strategy The $6 Billion Writedown:…
