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by Andy Kalmowitz ยท Jalopnik ยท Jan 9
News
GM's EV Pullback Just Cost The Company $6 Billion

GM's $7.1B EV Reckoning Just Made Used Jeeps a Buyer's Market

General Motors took a massive writedown on EV operations and China restructuring, and now Jeep is cutting 2026 prices to move inventory. Translation: the company that bet big on electrification is now in damage control mode, which means real discounts on gas-powered models while they last.

GM spent years lecturing the market about EV transition, then realized their balance sheet couldn't survive it. The price cuts on Jeep are just the opening move.

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