GM Takes $1.6 Billion Hit for Scaling Again EV Plans

Normal Motors is taking $1.6 billion in expenses for scaling again its electrical car manufacturing. In a submitting Tuesday, the automaker is blaming weaker federal help and weakening demand. GM warns extra ache might come because it reassesses its EV technique. Steve Man, Bloomberg Intelligence International Autos and Industrials Analysis Analyst, joined “Bloomberg Open Curiosity” to interrupt down what this all means for GM’s future.