billions

GM Says Its EV Strategy Is Bleeding Billions, and Losses Aren’t Over

GM Says Its EV Strategy Is Bleeding Billions, and Losses Aren’t Over

Finance

General Motors has warned investors that its electric-vehicle strategy is proving costly — and that the pain is not yet over.The Detroit automaker said in a regulatory filing on Thursday that it will record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US, with…