Copyright financialpost
The forecast shows how GM is managing disruption from the White House in areas ranging from emission penalties and electric vehicle subsidies to levies on imports of components and vehicles. Those changes have hurt profits and further undercut an already wavering initiative to electrify GM’s fleet by 2035 in a bid to better compete with Tesla Inc. and fast-growing Chinese rivals. Earlier this month, GM said it booked a one-time charge of $1.6 billion to restructure its struggling EV business.
