
GM announces $7.1 bn hit to profits on electric auto pullback
General Motors said Thursday it will book a one-time earnings hit of $7.1 billion, mostly due to its pullback on electric vehicles in light of shifting US policies.
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The Space Mart Editorial Team produces Space Mart's coverage of the space economy. We report on satellites and constellations, the launch market, space telecom, industry deals, and the technology and ground systems behind the business of space. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Space Mart takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.

General Motors said Thursday it will book a one-time earnings hit of $7.1 billion, mostly due to its pullback on electric vehicles in light of shifting US policies.
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