GM takes $6 billion hit as cost of backing away from EVs

    https://www.cnn.com/2026/01/08/business/gm-ev-costs?iid=cnn_buildContentRecirc_end_recirc&recs_exp=up-next-article-end&tenant_id=related.en

    Posted by Dont_think_Do

    2 Comments

    1. YouWereBrained on

      Not sure if Ford has reported numbers, but they too will get a nuke from doing the same.

      Long enough comment…long enough comment…poop fart penis.

    2. Big bath approach. Profits are sunk this year due to tariffs and you can justify EV capital wrote off … max it out and continue using the tech and bask in a low profit due to a non operational write off then years of amazing profits as depreciation and amortization is artificially low

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