General Motors Co. will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations as the financial fallout spreads from the weakening US market for EVs.
The announcement Thursday brings the total writedowns from GM’s huge bet on battery-electric cars to $7.6 billion, following smaller charges revealed in October. Bloomberg's Craig Trudell reports.
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The announcement Thursday brings the total writedowns from GM’s huge bet on battery-electric cars to $7.6 billion, following smaller charges revealed in October. Bloomberg's Craig Trudell reports.
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Get more on The Bloomberg Intelligence Podcast
On Apple: http://bit.ly/3YrBfOi
On Spotify: http://bit.ly/3SPPZ8F
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Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay: https://apple.co/486mghI
Android Auto: https://bit.ly/49benZy
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