General Motors will take another $6 billion in charges tied to production cutbacks in its EV and battery operations as the financial fallout spreads from the weakening U.S. market for EVs.
January 8, 2026General Motors News Updates
Barak Turovsky, GM's Head of AI, Leaves Automaker
General Motors' chief AI officer is out, marking the loss of another聽Silicon Valley聽alum as the company works to bulk up staffing to support聽tech innovation聽at the Detroit automaker.
November 25, 2025Layoffs Piling Up Across Many Industries
Amid wider economic uncertainty, sizable layoffs have continued to pile up for companies across many industries, including transportation 鈥 raising worker anxieties.
November 21, 2025GM, Stellantis Lose Part of Canada Tariff Break After Job Cuts
GM and Stellantis will be forced to pay tariffs on some U.S.-made vehicles they import for sale in Canada, after the companies decided to reduce assembly-line work at Ontario factories.
October 24, 2025GM to Take $1.6B Hit as Tax Incentives for EVs Are Slashed
GM warned that it may take additional hits as it adjusts production, with non-cash charges potentially impacting operations and cash flow in the future.
October 14, 2025Trump Targets $12 Billion in New Energy Project Cuts
The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by U.S. oil majors, according to a list seen by Bloomberg.
October 7, 2025GM Scales Back Chevy Bolt EV Launch Amid Tax Credit Cuts
GM is bracing for the early expiration of $7,500 in consumer tax credits for the purchase of EVs added during the Biden administration that President Trump and the Republican Congress have cut.
September 4, 2025GM Revives Plans for Personal Self-Driving Car
鈥淲e鈥檙e accelerating the development of autonomous driving technology capable of operating without active human oversight,鈥 spokeswoman Chaiti Sen said in a statement.
August 11, 2025GM鈥檚 Chevrolet Bolt Will Source Batteries From China's CATL
鈥淭o stay competitive, GM will temporarily source these packs from similar suppliers to power our most affordable EV model,鈥 the company said in a statement.
August 7, 2025Eight Corvettes Go Missing in Kentucky but Are Later Found
Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said.
March 25, 2025