GM says its bet on EVs made it bleed billions more, and the losses won't stop anytime soon

Source: Business Insider

GM said it would record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US. Bill Pugliano/Getty ImagesGM says it will take a $6 billion hit tied to scaling back its EV strategy in the US. The automaker warns that additional EV-related costs are likely in 2026 as supplier talks continue.