GM takes $6 billion write-down for scrapped electric cars

American car giant General Motors is taking a $6 billion write-down related to changed plans for electric car production.

The total write-downs on its electric vehicle investment thus amount to $7.6 billion, since a smaller write-down was announced in October.

The measures are intended to minimize the impact on reported profits going forward, as GM expects demand for electric vehicles to decline as a result of President Donald Trump's decisions, including the elimination of the tax credit for electric vehicles.