GM's $6B EV Writedown: When Product Plans Meet Reality
"GM bet the company on EV volume that never materialized, and now they're paying the price in real dollars while everyone pretends this was the plan all along."
— Revvly Take
General Motors just took a $6 billion hit after canceling contracts and scaling back its domestic EV roadmap—a stark reminder that the EV pivot isn't working out like the press releases promised. This isn't accounting fiction; it's real money spent on tooling, supplier commitments, and platforms that won't see production. The bean counters finally caught up with the hype.
Jonathan M. Gitlin
Ars Technica Cars · Jan 9
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