2026-01-09 00:31:33

Major automaker General Motors has announced a $6 billion write-down on its electric vehicle investments, signaling a significant recalibration of its EV strategy. This move follows closely on Ford's $19.5 billion EV investment charge from recent weeks. The back-to-back write-downs from two U.S. automotive giants suggest broader challenges in the EV transition timeline and profitability expectations. These adjustments reflect the sector's struggle with production costs, market adoption rates, and the competitive pressure reshaping the automotive landscape.

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BlockchainRetirementHome

· 01-11 18:37

Hmm... Traditional car companies' move this time is really impressive, spending money to teach a lesson.

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MEVSupportGroup

· 01-11 17:53

6 billion USD wasted, are these two automakers really treating EVs as a gold mine? Only now realizing that the costs are unsustainable, why didn't they act earlier?

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SellTheBounce

· 01-09 01:01

Here we go again, piling up financial garbage with GM and Ford. This time it's 6 billion, last time Ford was 19.5 billion. When it rebounds, it's time to run, don't wait for a full liquidation.

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WhaleStalker

· 01-09 00:49

Good morning, GM is really not doing well. It's only been a few months, and they've lost so much again. It seems like American automakers haven't really figured out how to play the EV game.

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AirdropBuffet