GM said on Thursday that it will charge 6 billion US dollars to withdraw some of its electric vehicle investments, becoming the latest car company to shrink the electric vehicle business due to the weakening of Trump administration policies and demand. GM said in a regulatory filing that this cost stemmed from the planned reduction in electric vehicle production and the impact on the supply chain. Rival Ford Motor announced similar but larger fees a few weeks ago. Most of GM's impairment is related to cancellation of contracts and settlements with suppliers, which previously planned to significantly increase production. GM said the write-down will not affect its lineup of around 12 electric models in the US market, which is the broadest electric vehicle product line in the industry.” We plan to continue making these models available to consumers,” the company said in the document. The company will include this fee as a special item in its fourth quarter earnings report, and expects to incur additional costs in 2026 due to negotiations with suppliers, but they are lower than the costs associated with electric vehicles in 2025. GM also said on Thursday that it will charge 1.1 billion US dollars in the fourth quarter, involving the continued restructuring of its Chinese joint venture.

GM said on Thursday that it will charge 6 billion US dollars to withdraw some of its electric vehicle investments, becoming the latest car company to shrink the electric vehicle business due to the weakening of Trump administration policies and demand. GM said in a regulatory filing that this cost stemmed from the planned reduction in electric vehicle production and the impact on the supply chain. Rival Ford Motor announced similar but larger fees a few weeks ago. Most of GM's impairment is related to cancellation of contracts and settlements with suppliers, which previously planned to significantly increase production. GM said the write-down will not affect its lineup of around 12 electric models in the US market, which is the broadest electric vehicle product line in the industry.” We plan to continue making these models available to consumers,” the company said in the document. The company will include this fee as a special item in its fourth quarter earnings report, and expects to incur additional costs in 2026 due to negotiations with suppliers, but they are lower than the costs associated with electric vehicles in 2025. GM also said on Thursday that it will charge 1.1 billion US dollars in the fourth quarter, involving the continued restructuring of its Chinese joint venture.