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GM swallowed a $10.9 billion pill to reset its EV strategy. It says the worst is nearly over.
['Ben Shimkus', 'July', 'Min Read']
Yahoo News - Latest News & Headlines
General Motors took a nearly $2.3 billion charge in the last quarter amid changes to its EV plans.
The price tag for General Motors' EV reset has ballooned to nearly $11 billion.
During the automaker's Tuesday earnings update, executives said GM recorded a nearly $2.3 billion EV-related charge in the most recent quarter.
Jeep's parent company, Stellantis, announced a $26 billion charge in February, Ford recorded a $19.5 billion charge in December, and Volkswagen wrote off $3.5 billion in September.
During the second quarter, GM shipped 31,000 fewer EVs to dealerships in North America than it did a year earlier.