Photo Credit: Fair Use [17 U.S.C. § 107] CEO Mary Barra, with the approval of GM's senior executive team and board, began scaling back company's EV production.
GM's EV Losses Weren't From Making Cars - They Were From Canceling Them
29 Jan 2026 | Abstracted from Autoblog
GM's biggest EV losses in 2025 weren't from building electric vehicles - they came from canceling them. Program shutdowns, write-downs, and restructuring costs drove billions in losses, even as GM added 100,000 new EV customers. The company blamed high costs, but analysts argue the real damage came from pulling back too soon, not from manufacturing. The retreat raises questions about GM's long-term EV strategy.
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