GM will take a $1.6 billion hit as it predicts a drop in EV demand. Here’s the latest setback

Why is Nestlé cutting 16,000 jobs? How is the government shutdown affecting federal workers? What caused the recent spike in TSMC profits? Why is Stellantis moving Jeep production to the US? How are US-China trade tensions impacting businesses? What is driving the surge in AI investments? Why did US regional bank stocks fall recently?

GM will take a $1.6 billion hit as it predicts a drop in EV demand. Here’s the latest setback

marketwatch.com/story/gm-will-take-a-1-6-billion-hit-as-it-predicts-a-drop-in-ev-demand-heres-the-latest-setback-2a3b792d

GM’s stock is falling as the end of a critical tax credit will force the company to scale back its plans for EV investments.

This story appeared on marketwatch.com, 2025-10-14 12:26:00.

The Entire Business World on a Single Page. Free to Use →