GM’s EV Charges Balloon to $7.6 Billion as US Demand Craters

General Motors Co. will take another $6 billion in charges tied to production cutbacks in its electric vehicle and battery operations as the financial fallout spreads from the weakening US market for EVs.
The announcement Thursday brings the total writedowns from GM’s huge bet on battery-electric cars to $7.6 billion, following smaller charges revealed in October.  Bloomberg’s Craig Trudell reports. (Source: Bloomberg)