Business Insider
Business Insider
US · 3 hrs ago

GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.

GM said it delivered fewer EVs to dealerships in the last quarter. Bloomberg/Getty Images General Motors took a nearly $2.3 billion charge in the last quarter amid changes to its EV plans. GM, which has more EV products than any other US automaker, delivered 31,000 fewer EVs to dealers last quarter. Profits for its gas-powered trucks are still booming. The price tag for General Motors' EV reset has ballooned to nearly $11 billion. During the automaker's Tuesday earnings update, executives…
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