General Motors says it will book a 7.1 billion-dollar charge in the three months through December due to a revamp of its electric-vehicle and China strategies.
The US auto giant announced the write-down on Thursday. It says 6 billion dollars stem from EV production cuts as demand slumps in its home market. The remaining 1.1 billion is related to a restructuring of its China operations.
EV sales fell in the US after President Donald Trump's administration ended tax credits for the vehicles.
The latest charge follows a 1.6 billion-dollar EV write-down GM announced in October. The company says it may book additional charges this year.
US automakers have been forced to drastically overhaul their electric vehicle strategies amid the shift in government policies.
Ford Motor in December said it will book a massive 19.5 billion-dollar write-down related to EV operations.

Quiz 1:
What is the primary reason for General Motors' recent $7.1 billion charge?
A. Increased operational costs in China
B. Reduced demand for electric vehicles in the US
C. New government incentives for traditional vehicles
D. A significant increase in raw material prices

Quiz 2:
What amount of the $7.1 billion charge is specifically attributed to restructuring operations in China?
A. $6.0 billion
B. $1.6 billion
C. $1.1 billion
D. $19.5 billion

Quiz 3:
What event significantly impacted electric vehicle sales in the US, contributing to GM's current challenges?
A. The end of tax credits for electric vehicles under the Trump administration
B. A surge in popularity of competing electric vehicle brands
C. A decrease in the price of gasoline
D. Increased competition from foreign automakers in the US market.

[Answer block]
Answers:
Quiz 1: B
Quiz 2: C
Quiz 3: A