New York, Oct 14, 2025 (AFP) - General Motors reports $1.6 bn hit on electric vehicle investments

NAMPA / AFP

2025-10-14

General Motors announced Tuesday that it will book a $1.6 billion hit in electric vehicle investments following US policy changes slowing adoption of the climate-friendly vehicles in its home market. The changes, which will be included in the automaker's third-quarter results, follow moves by President Donald Trump's administration to eliminate a consumer tax credit for EV purchases and water down emission rules that aimed to speed EV adoption in......

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Business & Finance News

Washington, Oct 14, 2025 (AFP) - IMF warns of 'increasing' financial system vulnerabilities

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New York, Oct 14, 2025 (AFP) - US stocks fall as markets monitor trade tensions

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Brussels, Belgium, Oct 14, 2025 (AFP) - EU hits Gucci, Chloe, Loewe with 157-mn-euro fines for price fixing

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Washington, Oct 14, 2025 (AFP) - US Treasury chief accuses China of wanting to hurt world economy

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New York, Oct 14, 2025 (AFP) - Strong dealmaking boosts profits at US banking giants

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