US EV slowdown drives $55 billion hit for carmakers
Published on: Feb. 6, 2026, 4:19 p.m. | Source: The Economic Times
In a turbulent turn of events, major global car manufacturers are grappling with heavy financial losses. Brands like Stellantis, Ford, General Motors, and Volkswagen are reporting billion-dollar writedowns as they reassess their electric vehicle strategies. The factors at play include a sluggish US market, aggressive pricing battles in China, and intricate regulatory demands in Europe.
