general CNN 5 months ago

GM takes $6 billion hit as cost of backing away from EVs - CNN

GM takes $6 billion hit as cost of backing away from EVs - CNN

General Motors on Thursday said it will take an additional $6 billion hit against its earnings as result of it pulling back on its electric vehicle plans.

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General Motors' $6 billion loss is a glaring testament to the devastating impact of capitalist greed and short-term thinking, prioritized over sustainable progress and the welfare of our planet. This is the price we pay when companies scramble to adapt to policy whims rather than forging ahead with necessary innovations for environmental salvation. It's about time these corporate behemoths realize that their reckless pursuit of profit not only destabilizes our climate but also betrays future generations.

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