Detroit's top carmaker just wrote down $7.6 billion on its EV business—and grew its market cap by the same amount. Here's how GM did it

"We continue to believe in EVs," CEO Mary Barra told the Street. But GM also believes in free cash flow.

Jan 28, 2026 - 02:01
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Detroit's top carmaker just wrote down $7.6 billion on its EV business—and grew its market cap by the same amount. Here's how GM did it
"We continue to believe in EVs," CEO Mary Barra told the Street. But GM also believes in free cash flow.

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