General Motors Co 8-K

What Happened
General Motors filed an 8‑K on Jan. 8, 2026 disclosing it expects to record approximately $6.0 billion of EV‑related charges in the three months ended Dec. 31, 2025, primarily in GM North America (GMNA). These follow $1.6 billion of EV‑related charges recorded in the quarter ended Sept. 30, 2025, and result from a reassessment of EV capacity and manufacturing footprint after slowed EV demand and changes to U.S. policy and incentives. The filing was signed by Christopher T. Hatto, VP, Global Business Solutions and Chief Accounting Officer.

Key Details

• Approximately $6.0 billion of charges expected in Q4 2025 (three months ended Dec. 31, 2025), primarily in GMNA.
  • Of this, ~ $1.8 billion are non‑cash impairments/other non‑cash charges.
  • ~ $4.2 billion are supplier commercial settlements, contract cancellation fees and other charges that will have cash impact when paid.
• Earlier (three months ended Sept. 30, 2025) GM recorded $1.6 billion of EV‑related charges announced Oct. 2025.
• Additional non‑EV charges of about $1.1 billion expected for Q4 2025, with roughly $0.5 billion cash impact (mainly China JV restructuring and a legal accrual).
• Actions tied to the reassessment include pivoting Orion, MI plant from EV to ICE full‑size SUVs/pickups and selling GM’s interest in Ultium Cells’ Lansing, MI facility to LG Energy Solution.
• GM warns proposed regulatory changes to GHG standards could trigger impairments of emissions/CAFE credits in future periods.

Why It Matters
These charges will reduce reported earnings for the affected periods and some will use cash when supplier settlements and contract cancellation fees are paid. GM says the bulk of the charges are tied to aligning EV capacity to current demand and government policy; the company also states its in‑production Chevrolet, GMC and Cadillac EVs remain available to consumers. Investors should note these items will affect GAAP results, be shown as adjustments in GM’s non‑GAAP metrics, and GM expects additional (but smaller) related charges in 2026 as supply negotiations continue.