GM to take $7.1B hit from electric vehicle production changes, China restructuring

GM said in a Form 8-K filed with the U.S. Securities and Exchange Commission that the charge will impact fourth-quarter 2025 ...
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Hyundai, Kia EV exports to U.S. slide 88% on weak demand, production in Georgia

Hyundai Motor Group's EV exports to the United States fell sharply this year as the automaker ramped up local production in the United States while struggling with weak demand. With U.S. EV tax ...
Austin American-Statesman

GM reports $1.6 billion hit from now-unused investments in EV production

General Motors Co. said Tuesday it has sunk roughly $1.6 billion into electric vehicle manufacturing capacity it’s no longer using because of shifting federal auto policies under President Donald ...
Detroit Free Press

EV production changes cost GM $1.6 billion, automaker says in SEC filing

GM said not using the equipment it installed for EV production cost the company $1.2 billion. GM attributed the remaining $400 million to what it owes suppliers. Electric vehicle investments cost ...
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General Motors supplier slashes 143 jobs as Factory Zero hits the brakes on EV production

In a WARN notice filed Nov. 7, the supplier said the plant’s second shift ― mostly UAW-represented assembly and sequencing workers in the supplier's Hazel Park facility ― would be “indefinitely” laid ...
Reuters

Exclusive: GM cuts output, delays work at major EV factories, citing weak demand

GM to temporarily cut production of two Cadillac EVs Company also delays a second shift at plant that will make Chevy Bolt EV Automakers are pulling back on EV production amid US regulatory changes GM ...
Seeking Alpha

Honda ending production of GM-assembled Acura ZDX EV crossover

Honda Motor (NYSE:HMC) is pulling the plug on the Acura ZDX electric crossover, citing sluggish demand for EVs and to “better align” the company’s product portfolio with market conditions. According ...