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GM takes $1.6 billion hit on electric vehicle rollout as U.S. automakers rethink future

NBC News•Thursday, October 16, 2025 at 10:59:28 AM
NegativeU.S News
GM takes $1.6 billion hit on electric vehicle rollout as U.S. automakers rethink future
General Motors is facing a significant $1.6 billion loss as it navigates the challenging landscape of electric vehicle production. This setback highlights a broader trend among U.S. automakers who are reassessing their electric vehicle strategies due to ongoing consumer skepticism, reduced federal support, and a tough economic environment impacting overall auto sales. This situation is crucial as it reflects the hurdles the industry must overcome to transition to electric vehicles, which are seen as vital for the future of sustainable transportation.
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