Overview
- General Motors will record a $6.0 billion charge in the fourth quarter of 2025 tied to paring back select electric-vehicle projects.
- Roughly $4.2 billion stems from canceled supplier and production contracts, with about $1.8 billion in asset impairments.
- GM will retool at least one Detroit plant to build gasoline trucks and SUVs and has temporarily suspended about 5,500 workers.
- The company says its core U.S. EV lineup remains intact as it concentrates on models with clearer profit potential.
- The move follows a larger adjustment by Ford after U.S. tax-credit cuts and looser emissions rules cooled EV demand, and GM shares fell nearly 3% on Friday.