G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions

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 Trump overhauled federal policy to favor fossil fuels.

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

The loss also reflects compensation that G.M. 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 G.M. operations in China that are not related to electric vehicles, the company said.

Policies put in place since the start of Mr. 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.

Article source: https://www.nytimes.com/2026/01/08/business/general-motors-electric-vehicles-writedown.html