General Motors ( said on Tuesday it will take $1.6 billion in third-quarter charges as it realigns electric-vehicle plans following the expiration of a key federal support, which is expected to pressure demand.
Shares of the automaker were down 2.5% in premarket trading.
U.S. carmakers have delayed or canceled new EV models and battery plants, and pared other EV investments, citing weaker-than-expected demand.
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