realignment

General Motors announced a $1.6 billion charge in the third quarter due to a strategic realignment of its electric vehicle capacity.

Instead, GM announced $1.6 billion charge External link on Tuesday morning for “a planned strategic realignment of our EV capacity and manufacturing footprint to consumer demand.”

GM said Tuesday that the audit committee on its board of directors approved the charges a week ago “based on a planned strategic realignment of our EV capacity and manufacturing footprint to consumer demand.”

It marks the beginning of a strategic realignment that could change the region for decades.

Others are uncertain about whether the Tianjin summit represented a fundamental realignment in the global order.