GM takes 1600 million charge

General Motors said it would take a $1.6 billion charge to write down equipment, factory and other asset values after the Trump administration canceled federal EV tax credits, cutting demand.

New York Times

Slowing Electric Vehicle Sales Will Cost GM $1.6 Billion

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

Reposts 3 14h

Handelsblatt

After Subsidies Ended: Trump Triggers GM Billions in Write-Downs in the Electric Vehicle Business

US President Donald Trump scrapped the electric-vehicle subsidy. For an auto industry that had once lagged behind Tesla, this will be costly.

Reposts 0 15h

Financial Times

GM takes $1.6 billion charge to scale back electric vehicle production

The Trump administration's cancellation of tax credits for battery-powered vehicles is expected to reduce demand

Reposts 1 17h

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%

19.6 h

4.7%

Ranking score

0.01

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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