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GM Takes $7.1 Billion Hit in 4th Quarter After EV Pullback, China Reset

The Detroit automaker is the latest to reveal a substantial loss from producing electric vehicles.
GM Takes $7.1 Billion Hit in 4th Quarter After EV Pullback, China Reset
The General Motors logo on the facade of its headquarters in Detroit, Mich., on March 16, 2021. Reuters/Rebecca Cook/File Photo/File Photo
Jill McLaughlin
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General Motors said Thursday it will take a $7.1 billion hit in special charges for the last three months of 2025 after pulling back from electric vehicles (EVs) and restructuring in China, according to the Detroit automaker’s federal filing.

The losses include $6 billion related to disappointing results from its EV brands after declining sales last year, and $1.1 billion related to an overhaul of a joint venture in China.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.