#writedownrestructuring

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fromFortune
1 day ago

Detroit's top carmaker just wrote down $7.6 billion on its EV business-and grew its market cap by the same amount. Here's how GM did it | Fortune

GM booked a $7.6 billion EV writedown while delivering strong cash generation, increased shareholder returns, and a confident 2026 outlook, sending shares sharply higher.
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