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fromFortune
11 hours ago

General Motors sees $1.6 billion hit from expiry of EV tax incentives, emissions rules relaxation | Fortune

General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles, said in a regulatory filing on Tuesday that it will have to book charges that include non-cash impairment and other charges of $1.2 billion due to EV capacity adjustments. There's also $400 million in charges mostly related to contract cancellation fees and commercial settlements associated with EV-related investments.
Business
US news
fromwww.npr.org
1 month ago

Kraft Heinz is splitting up

Kraft Heinz is splitting into two companies to unlock value after years of cost-cutting, declining brand valuations, and shifting consumer tastes.
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