GM is Taking a Big Hit as EV Demand Drops
1. GM expects a $1.6 billion charge in Q3 due to falling EV demand. 2. The company is realigning its EV operations based on consumer demand. 3. GM warns of potential future cash flow impacts on operations. 4. EV tax incentives expiration may significantly dampen GM's sales. 5. GM shares rebounded 2%, with a 7% increase so far in 2025.