Source: United States & Canada – South China Morning PostGeneral Motors will record a negative impact of US$1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the US and rules governing emissions are relaxed.
Shares fell less than 2 per cent before the opening bell on Tuesday.
The EV tax credit ended last month. The clean vehicle tax credit was worth US$7,500 for new EVs and up to US$4,000 for used ones.
Meanwhile, the Environmental Protection Agency has been working on easing rules aimed at cleaning up auto…Read More