{"id":77203,"date":"2026-02-05T10:34:04","date_gmt":"2026-02-05T13:34:04","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/889616655"},"modified":"2026-02-05T10:34:04","modified_gmt":"2026-02-05T13:34:04","slug":"gm-cfo-says-automaker-can-absorb-ev-losses-tds","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/05\/gm-cfo-says-automaker-can-absorb-ev-losses-tds\/","title":{"rendered":"GM CFO Says Automaker Can Absorb EV Losses: TDS"},"content":{"rendered":"
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Good morning and welcome to The Downshift<\/em>, or TDS<\/em> for short.<\/p>\n

Quick, dense, and lacking fluff, TDS<\/em> gathers the latest automotive headlines from around the globe and places them in one spot. Stories are summarized in a single sentence accompanied by a link for those seeking more information.<\/p>\n

The first cup of coffee is gone and I\u2019m ready for a second, so let\u2019s get into it.<\/p>\n

\ud83d\ude98 What I\u2019m driving: Still spending the week shuttling the kids around town in the 2026 Mazda CX-70 and while not perfect, really find myself liking the turbocharged inline-six for its overall smoothness and refinement. Still struggling to determine why someone would buy the two-row CX-70 instead of the three-row CX-90, though.<\/p>\n

\ud83e\udeab General Motors CFO Paul Jacobson said<\/a> the company is losing money on its EVs but healthy finances, which is thanks to extremely profitable gas-powered trucks and SUVs, provide \u201cthe ability to incur some short-term losses\u201d to pursue long-term electric vehicle profitability; Jacobson said, \u201cwe have an opportunity to grow our share and do it in a way that sets us up well over the next three to five years.\u201d<\/p>\n

\ud83d\udcb8 Jaguar Land Rover\u2019s parent company, Tata Motors, reported a $386 million loss<\/a> attributed to the company\u2019s six-week shut down due to a cyberattack.<\/p>\n

\ud83d\udcc9 Ford reported<\/a> a January sales decline of 5.3% year-over-year as EV sales crater and the automaker kills the Escape.<\/p>\n

\ud83d\udcb8 Volvo\u2019s Q4 profit plunged 68%<\/a> due to U.S. tariffs and a negative currency effect of a stronger Swedish krona.<\/p>\n

\ud83e\udea6 The Hyundai Kona Electric is dead for 2026<\/a>, though the automaker said the model will return for 2027.<\/p>\n

\ud83e\udea6 The Kia Niro plug-in hybrid is dead<\/a> and will not return for 2026.<\/p>\n

\ud83d\udcc8 In a surprising twist the Toyota bZ proved to be one of the best-selling EVs<\/a> in January.<\/p>\n

\ud83d\ude4f Ed Iskenderian, known as \u201cThe Camfather,\u201d died at the age of 104<\/a>.<\/p>\n

\ud83c\udfce\ufe0f Dario Franchitti is headed back to the race track<\/a> in a NASCAR truck after retiring 13 years ago.<\/p>\n

Got a news tip or feedback? Drop us a line at tips@thedrive.com<\/em><\/p>\n