GM Takes $1.6 Billion Charge as It Reassesses EV Plans

Reuters
10/14

Oct 14 (Reuters) - General Motors said on Tuesday it will take $1.6 billion in third-quarter charges as it realigns electric-vehicle plans following the expiration of a key federal support, which is expected to pressure demand.

Shares of the automaker were down 2.8% in premarket trading.

U.S. carmakers have delayed or canceled new EV models and battery plants, and pared other EV investments, citing weaker-than-expected demand.

The market faces further strain after the Trump administration removed a $7,500 federal tax credit for EVs, a key support for the industry.

"Following recent U.S. Government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow," GM said in a filing on Tuesday.

The charges comprise a $1.2 billion non-cash impairment related to EV capacity adjustments and $400 million for contract-cancellation fees and commercial settlements.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10