Overview

• The third-quarter impact totals $1.6 billion, including $1.2 billion in non-cash charges tied to EV capacity adjustments and $400 million in cash for contract cancellations and commercial settlements.
• The company said its review of EV capacity and its manufacturing footprint is ongoing, signaling the possibility of additional charges in future quarters.
• GM attributed softer near-term demand to U.S. policy shifts, including the end of certain $7,500 consumer tax credits and reduced emissions stringency.
• The recalibration follows Ford Motor’s earlier disclosure of about a $1.9 billion EV-related impact, highlighting a broader industry pullback from earlier expansion plans.
• Despite reassessment across programs, GM’s U.S. all-electric market share rose to 13.8% through the third quarter, while Tesla held an estimated 43.1% share.