GM takes 1.6 billion charge

General Motors said it took a $1.6 billion charge, mainly for reduced value of EV factories and equipment, after the Trump administration ended federal tax credits for battery electric vehicles.

Reposted by Gerald Friedman

Scholar power: 4.7%

Story's scientific field profile

Business 42%, Economics 32%, Political science 16%, Energy 10%

Name	Field match	H-index	Scholar power
🎓 Gerald Friedman	13%	13	4.7%

Formula for scholar power: sum of each reposter's field match × √reposter's h-index

Ranking score inputs

Relevance

Recency

Reposts

Scholar power

53.0%

13.6 h

4.7%

Ranking score

0.014

Formula for ranking score (post): scholar_power × max((total_reposts)^(1/3), 1) × (1 / max(hours_since_posted, 1)) × (raw_relevance)^3

The New York Times

@nytimes.com

General Motors said Tuesday that it would record a $1.6 billion hit to its earnings, mainly to reflect the drop in value of plants, equipment and other assets related to its electric vehicle operations.

Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion

General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.

nyti.ms

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