General Motors reports $7bn earnings loss after pulling back from EVs

[Stalin]

What's good for general motors is good for the US

nobody says that any more from the company that pulled off a massive bankruptcy scam with the US treasury in 2009

the economic genius horatio q frump strikes again

obviously the gullible public just LOVE paying over the top to the people that bribe frump

General Motors said on Thursday it will record a one-time earnings hit of $7.1bn in its quarterly financial results, mostly due to its pullback from electric vehicles in light of shifting US policies.

The Detroit auto giant’s fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company’s restructuring of its China operations.


GM’s move follows a $1.6bn write-down in the third quarter due to pivots away from EVs following a sharp US policy reversal under Donald Trump.


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Trump, who views the climate crisis as a hoax, has killed major initiatives favoring EVs championed by his predecessor Joe Biden.

GM’s profit warning also comes on the heels of a Ford announcement on 15 December that it will write off about $19.5bn over several years amid the shifting policy outlook.

Throughout Biden’s presidency, GM’s CEO, Mary Barra, had invested aggressively in building EV capacity. The company announced in 2021 a target of having its cars and trucks emissions-free by 2035.

Barra has said that EVs remain a long-term priority, but that the company is modifying investments in response to consumer demand.

“With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” GM said in the filing. “As a result, GM proactively reduced EV capacity.”

Besides the EV hit, the $1.1bn in non-EV charges included costs related to the restructuring of China joint venture SAIC General Motors Corporate Limited, as well as “an additional legal accrual”.

General Motors reports $7bn earnings loss after pulling back from EVs

GM says end of tax incentives and less stringent emissions regulations slowed consumer demand for EVs in 2025

www.theguardian.com

keep it up donald - by the end of your "rule" whenever that is, there will be no us auto industry

comrade stalin

 

[mark francis]

What's good for general motors is good for the US

nobody says that any more from the company that pulled off a massive bankruptcy scam with the US treasury in 2009

the economic genius horatio q frump strikes again

obviously the gullible public just LOVE paying over the top to the people that bribe frump

General Motors said on Thursday it will record a one-time earnings hit of $7.1bn in its quarterly financial results, mostly due to its pullback from electric vehicles in light of shifting US policies.

The Detroit auto giant’s fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company’s restructuring of its China operations.


GM’s move follows a $1.6bn write-down in the third quarter due to pivots away from EVs following a sharp US policy reversal under Donald Trump.


China’s BYD overtakes Tesla as world’s biggest electric car seller
Read more
Trump, who views the climate crisis as a hoax, has killed major initiatives favoring EVs championed by his predecessor Joe Biden.

GM’s profit warning also comes on the heels of a Ford announcement on 15 December that it will write off about $19.5bn over several years amid the shifting policy outlook.

Throughout Biden’s presidency, GM’s CEO, Mary Barra, had invested aggressively in building EV capacity. The company announced in 2021 a target of having its cars and trucks emissions-free by 2035.

Barra has said that EVs remain a long-term priority, but that the company is modifying investments in response to consumer demand.

“With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025,” GM said in the filing. “As a result, GM proactively reduced EV capacity.”

Besides the EV hit, the $1.1bn in non-EV charges included costs related to the restructuring of China joint venture SAIC General Motors Corporate Limited, as well as “an additional legal accrual”.

General Motors reports $7bn earnings loss after pulling back from EVs

GM says end of tax incentives and less stringent emissions regulations slowed consumer demand for EVs in 2025

www.theguardian.com

keep it up donald - by the end of your "rule" whenever that is, there will be no us auto industry

comrade stalin

Lefties have done a great deal of damage with their 'green energy' EV mandates and anti-gasoline regulations.

 

[Gabriel_Bell]

Lefties have done a great deal of damage with their 'green energy' EV mandates and anti-gasoline regulations.

More dumb statements. US refineries are not capable of refining the oil that the US produces- what is called "light, sweet crude". They could, of course, adapt their refineries to refine it, but they don't. So the US imports heavy, sour crude oil from abroad, and this causes a trade imbalance.

That is why Shitshizpants kidnapped the president of Venezuela: because Venezuela's oil is largely the sort of oil that US refineries can refine for use in the US. He does not care that 70% of the Venezuelan people voted to elect Marina Corina Machado president. All he cares about is serving as a lackey of Big Oil, who gave him and other MAGA lackeys YUGE campaign contributions.

No Big Oil company is your friend unless you are one of the few people that run these corrupt companies. They all make huge profits, but they do not pay dividends to shareholders that reflect this, because Big Oil has helped change the regulations to benefit themselves.

All petroleum products produce harmful emissions when they are burned. In many places, gas from wells is flared off, benefiting no one and causing Global climate change. There are also thousands of abandoned wells that are emitting methane into the atmosphere because they can get away with it.
\
"Lefties" care about the people and MAGA cares about getting bribes from Big Oil as they damage the atmosphere and emit pollutants.

 

[Stalin]

Lefties

now the rockefellers are leftists - so blinded by class hatred that you cannot see what big money can..one day
the useless frump will be gone leaving fossil fuel fossils like you high and dry...

:..Our mission is to equitably extend renewable energy access, and build a robust, low-carbon energy infrastructure to support inclusive and fair energy transitions..."

Power

Renewable energy is the future - discover how we can create green jobs, reduce carbon emissions, and protect our planet.

www.rockefellerfoundation.org

comrade stalin
moscow

 

[mark francis]

More dumb statements. US refineries are not capable of refining the oil that the US produces- what is called "light, sweet crude". They could, of course, adapt their refineries to refine it, but they don't. So the US imports heavy, sour crude oil from abroad, and this causes a trade imbalance.

That is why Shitshizpants kidnapped the president of Venezuela: because Venezuela's oil is largely the sort of oil that US refineries can refine for use in the US. He does not care that 70% of the Venezuelan people voted to elect Marina Corina Machado president. All he cares about is serving as a lackey of Big Oil, who gave him and other MAGA lackeys YUGE campaign contributions.

No Big Oil company is your friend unless you are one of the few people that run these corrupt companies. They all make huge profits, but they do not pay dividends to shareholders that reflect this, because Big Oil has helped change the regulations to benefit themselves.

All petroleum products produce harmful emissions when they are burned. In many places, gas from wells is flared off, benefiting no one and causing Global climate change. There are also thousands of abandoned wells that are emitting methane into the atmosphere because they can get away with it.
\
"Lefties" care about the people and MAGA cares about getting bribes from Big Oil as they damage the atmosphere and emit pollutants.

Lefties claim Trump kidnapped Maduro in order to steal his oil. None of the deranged leftists have even tried to prove that nonsense, but that is par for the course for democrats.

 

[Stalin]

They do not have to prove it.

Frump said it himself.

Keep up

comrade stalin
moscow

 

[mark francis]

They do not have to prove it.

Frump said it himself.

Keep up

comrade stalin
moscow

Lefties claim Trump said he wanted to steal Venezuelan oil. Lefties are always claiming Trump wants something no sane person in the world actually believes he wants.