General Motors writes down $6 billion as domestic EV sales plans change

Photo caption: Was the Chevrolet BrightDrop van a victim of the industry’s hubris, or just of circumstance? Photo credit: Chevrolet. Article by Jonathan M. Gitlin. Ars Technica – January 9, 2026.

American automakers who got overenthusiastic about electric vehicles continue to pay the price—literally. Yesterday, General Motors told investors that building and selling fewer EVs will cost the company $6 billion. Still, things could be worse—last month, rival Ford said it would write down $19.5 billion as a result of its failed EV bet. GM is not actually abandoning its EV portfolio, even as it reduces shifts at some plants and repurposes others—like the one in Orion, Michigan—into assembling combustion-powered pickups and SUVs instead of EVs. […]

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Photo caption: Ditch the packages and the shelves and you’ve got some room back here. Photo credit: Chevrolet.