The US car manufacturer General Motors (GM) has to be like his rival ford take high depreciation on its electric cars. These cost the group around $6 billion in the fourth quarter, plus $1.1 billion in special costs for the renovation Chinasaid the US automaker on Thursday evening in Detroit.
In view of the expiring tax incentives and the relaxed emissions rules in the USA The Americans said GM reduced its electric car capacity in response to declining demand. GM shares lost almost 2 percent after trading.
US President Donald Trump (79) had abolished an electric car bonus of $7,500. The Republican is also relaxing the emissions rules for cars. In the wake of the slump in sales of electric cars, Ford had already announced a write-down of $19.5 billion in December, most of it in the fourth quarter.
Among other things, the factory in Orion (Michigan) was converted from the production of electric drives to combustion SUVs and pickups, General Motors said to justify the depreciation. GM had already written off $1.6 billion in North America in the third quarter. In China, GM was impacted in the fourth quarter by the restructuring of the joint venture there and legal disputes.