{"id":88177,"date":"2026-02-14T00:26:11","date_gmt":"2026-02-14T03:26:11","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/892276455"},"modified":"2026-02-14T00:26:11","modified_gmt":"2026-02-14T03:26:11","slug":"detroit-automakers-take-50-billion-hit","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/14\/detroit-automakers-take-50-billion-hit\/","title":{"rendered":"Detroit Automakers Take $50 Billion Hit"},"content":{"rendered":"
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The Detroit Big Three — General Motors, Ford and Stellantis — have collectively announced more than $50 billion in write-downs on their electric-vehicle businesses<\/a> after years of aggressive investment into a transition that, even before Republican lawmakers abolished a $7,500 federal tax credit last fall, was already running below expectations.<\/p>\n

U.S. EV sales fell more than 30% in the fourth quarter of 2025 once the credit expired in September, and Congress also eliminated federal fuel-efficiency mandates. More than $20 billion in previously announced investments in EV and battery facilities were canceled last year — the first net annual decrease in years, according to Atlas Public Policy.<\/p>\n

GM has laid off thousands of workers and is converting plants once earmarked for EV trucks and motors to produce gas-powered trucks and V-8 engines. Ford dissolved a joint venture with a South Korean conglomerate to make batteries and now plans to build just one low-cost electric pickup by 2027. Stellantis is unloading its stake in a battery-making business after booking the largest EV-related charge of any automaker so far. Outside the U.S., the trajectory looks different: China’s BYD recently overtook Tesla as the world’s largest EV seller. <\/p>\n<\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… EV-related charge of any automaker<\/span> so far. Outside the U …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-88177","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/88177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=88177"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/88177\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=88177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=88177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=88177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}