07:08 AM EDT, 10/14/2025 (MT Newswires) -- General Motors ( GM ) said Tuesday its board approved charges of $1.6 billion in GM North America in the quarter through Sept. 30, based on a planned "strategic realignment" of its electric vehicle capacity and production footprint.

The charges include noncash impairment and other charges of $1.2 billion and charges of $400 million, the automaker said in a regulatory filing.

"The reassessment of our EV capacity and manufacturing footprint, including our investments in our battery component manufacturing, is ongoing, and it is reasonably possible that we will recognize additional future material cash and noncash charges that may adversely affect our results of operations and cash flows in the period in which they are recognized," the company said.

GM shares were down 2.3% in recent premarket activity.