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GM Announces $1.6 Billion Charge for EV Strategy

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GM Announces $1.6 Billion Charge for EV Strategy

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The latest update is out from General Motors ( (GM) ).

On October 7, 2025, GM’s Board of Directors approved a $1.6 billion charge in GM North America due to a strategic realignment of its EV capacity and manufacturing footprint following changes in U.S. Government policies. This includes $1.2 billion in non-cash impairment charges and $0.4 billion in contract cancellation fees, reflecting a response to expected slower EV adoption rates, although the current retail portfolio remains unaffected.

The most recent analyst rating on (GM) stock is a Buy with a $61.00 price target. To see the full list of analyst forecasts on General Motors stock, see the GM Stock Forecast page.

Spark’s Take on GM Stock

According to Spark, TipRanks’ AI Analyst, GM is a Outperform.

GM’s strong technical momentum and undervaluation are key strengths, supported by solid revenue growth and market share gains. However, high leverage and profitability pressures, along with challenges in EV profitability, temper the overall score.

To see Spark’s full report on GM stock, click here.

More about General Motors

General Motors Company is a major player in the automotive industry, focusing on the development and production of electric vehicles (EVs) to comply with emissions and fuel economy regulations.

Average Trading Volume: 8,166,696

Technical Sentiment Signal: Buy

Current Market Cap: $52.7B

For detailed information about GM stock, go to TipRanks’ Stock Analysis page.

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