GM books $7.lbn loss as it slashes EV goals

General Motors on Thursday became the latest automaker to announce a big loss from its investments in electric vehicles, as it reckoned with a slump in sales of those cars after Congress and President Donald Trump overhauled federal policy to favour fossil fuels.

- JACK EWING NEWYORK (NYT)

GM, the largest US carmaker, said it would record a $7.1 billion loss for the last quarter of 2025 primarily to reflect the diminished value ofits investments in battery factories and electric vehicle assembly lines.

The loss also reflects compensation that GM will pay to suppliers for investments they made to produce components that the automaker no longer needs. About $1.1 billion of the total reflects the cost of restructuring GM operations in China that are not related to electric vehicles, the company said.

Policies put in place since the start of Trump's second term have forced many carmakers to undertake costly changes. Ford Motor said last month that it would take a $19.5 billion hit to its profits related to its electrical vehicle business.