"CFO Paul Jacobson said the charges stem from decisions such as discontinuing the BrightDrop electric van and impairing certain EV assets, along with contract cancellations and supplier settlements; about $4.6 billion of the total is expected to be settled in cash, mostly in 2026, with $400 million already paid last year. Despite the reset, GM emphasized it has not impaired its core retail EV portfolio and still expects EVs to become profitable over time as new battery chemistries, cost cuts,"
"The Detroit giant, long seen as the standard-bearer for traditional U.S. carmaking, reported 2025 adjusted EBIT of $12.7 billion, landing at the high end of its guidance range, and $10.6 billion in adjusted automotive free cash flow. GM also said 2025 marked its highest U.S. market share in a decade and its fourth straight year of share gains, supported by low dealer inventories, low incentives, and firm pricing on trucks and SUVs."
General Motors booked a $7.6 billion EV-related restructuring and writedown in the second half of 2025, including impairments, contract cancellations, and supplier settlements tied to scaling back EV capacity. GM expects about $4.6 billion of the charges to be paid in cash, mostly in 2026, with $400 million already paid. GM maintained that its core retail EV portfolio was not impaired and forecasted eventual EV profitability through new battery chemistries, cost reductions, and more rational market conditions. GM reported 2025 adjusted EBIT of $12.7 billion and $10.6 billion in adjusted automotive free cash flow, achieved share gains and boosted payouts.
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