GM says its bet on EVs made it bleed billions more, and the losses won't stop anytime soon

GM said it would record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US.

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• GM says it will take a $6 billion hit tied to scaling back its EV strategy in the US.
• The automaker warns that additional EV-related costs are likely in 2026 as supplier talks continue.
• GM had already taken a $1.6 billion EV writedown in the third quarter.

General Motors has warned investors that its electric-vehicle strategy is proving costly ...