The automaker cited slowing demand and the termination of consumer tax incentives for its shift away from EVs.

The expected charges follow a strategic review announced in October 2025, as the automaker adjusted its EV capacity and ...

The charge includes a $4.2 billion cash impact, which covers fees for broken contracts and settlements with suppliers who had ...

General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back ...

These are trying times for automotive bean counters in Detroit: Ford is recording $19.5 billion in losses and killed off the ...

Good afternoon and happy Friday, Daily on Energy, readers! We are wrapping up the first full week of 2026, and it's been a ...

Plus, China is seeking to increase its oversight on battery makers and the EVs set to break cover at the Brussel Motor show.

General Motors (NYSE: GM) is taking a $6 billion impairment charge tied to electric-vehicle investments that are no longer ...

The 1967 Dodge Coronet R/T arrived at a moment when Detroit was turning raw displacement into a marketing language of its own ...

The system also will a Universal Level 2 and Level 3 ADAS platform that is expected to reduce hands-off Level 2 automated ...

Ford’s decision to unwind its all-electric pickup experiment is more than a product cancellation. By taking what it calls the ...

GM records a $1.1 billion charge for restructuring its China joint venture amid broader EV investment cuts, reflecting market ...