AutoCanada sells another store as it continues to divest in U.S.

"GM Takes a Hit: Electric Vehicle Shift Costs Big, But Is It a Long-Term Strategy? General Motors has taken a massive financial blow, announcing over $7 billion in charges related to scaling back its electric vehicle production. The move has significantly reduced the company's net income, sparking concerns about the viability of its electric vehicle strategy. Despite the setback, GM remains committed to its goal of becoming a leader in the EV market, and the company's decision to adjust its production levels may be a calculated move to prioritize profitability and efficiency in a highly competitive industry. As the automotive landscape continues to shift towards electrification, GM's strategy will be closely watched by investors and industry experts alike."

General Motors took more than $7 billion in charges related to scaling back electric vehicle production, reducing net income.