GM Takes $7.1 Billion Hit in 4th Quarter After EV Pullback, China Reset

The General Motors logo on the facade of its headquarters in Detroit, Mich., on March 16, 2021. Reuters/Rebecca Cook/File Photo/File PhotoGeneral Motors said Thursday it will take a $7.1 billion hit in special charges for the last three months of 2025 after pulling back from electric vehicles (EVs) and restructuring in China, according to the Detroit automaker’s federal filing.The losses include $6 billion related to disappointing results from its EV brands after declining sales last year, and $1.1 billion related to an overhaul of a joint venture in China.