On January 8, General Motors (GM) revealed that it would be taking a US$6 billion impairment charge as it moves to terminate several electric vehicle (EV) investment projects. The decision comes in the wake of policy shifts in the United States and a notable contraction in demand within the EV market. As a result, General Motors has joined the ranks of automakers that are reining in their EV business ambitions. Earlier, Ford Motor had also reported a similar impairment charge, reaching up to US$19.5 billion.

General Motors foresees that additional expenditures will emerge in 2026, primarily stemming from ongoing negotiations with suppliers. However, the company anticipates that these costs will be relatively lower compared to those incurred in 2025. In a separate development, General Motors also disclosed that it would incur a US$1.1 billion charge, attributed to accelerating the restructuring process of its Chinese joint venture. The announcement of these financial developments had an immediate impact on the market, with General Motors' stock price experiencing a 2% decline in after-hours trading.