--- title: "GM CFO Says Automaker Can Absorb EV Losses: TDS" date: "2026-02-05" modified: "2026-02-05" authors: - name: "Joel Feder" job_title: "Director of Content and Product" link: "https://www.thedrive.com/authors/joel-feder" url: "https://www.thedrive.com/news/gm-cfo-says-automaker-can-absorb-ev-losses-tds" categories: - "News" - "The Downshift" --- # GM CFO Says Automaker Can Absorb EV Losses: TDS ![2025 Cadillac Escalade IQ]() *\Joel Feder\* Good morning and welcome to *The Downshift*, or *TDS* for short. Quick, dense, and lacking fluff, *TDS* gathers the latest automotive headlines from around the globe and places them in one spot. Stories are summarized in a single sentence accompanied by a link for those seeking more information. The first cup of coffee is gone and I'm ready for a second, so let's get into it. 🚘 What I’m driving: Still spending the week shuttling the kids around town in the 2026 Mazda CX-70 and while not perfect, really find myself liking the turbocharged inline-six for its overall smoothness and refinement. Still struggling to determine why someone would buy the two-row CX-70 instead of the three-row CX-90, though. πŸͺ« [General Motors CFO Paul Jacobson said]() the company is losing money on its EVs but healthy finances, which is thanks to extremely profitable gas-powered trucks and SUVs, provide "the ability to incur some short-term losses" to pursue long-term electric vehicle profitability; Jacobson said, "we have an opportunity to grow our share and do it in a way that sets us up well over the next three to five years." πŸ’Έ Jaguar Land Rover's parent company, Tata Motors, [reported a $386 million loss]() attributed to the company's six-week shut down due to a cyberattack. πŸ“‰ [Ford reported]() a January sales decline of 5.3% year-over-year as EV sales crater and the automaker kills the Escape. πŸ’Έ Volvo's [Q4 profit plunged 68%]() due to U.S. tariffs and a negative currency effect of a stronger Swedish krona. πŸͺ¦ The [Hyundai Kona Electric is dead for 2026](), though the automaker said the model will return for 2027. πŸͺ¦ The [Kia Niro plug-in hybrid is dead]() and will not return for 2026. πŸ“ˆ In a surprising twist the [Toyota bZ proved to be one of the best-selling EVs]() in January. πŸ™ Ed Iskenderian, known as "The Camfather," [died at the age of 104](). 🏎️ [Dario Franchitti is headed back to the race track]() in a NASCAR truck after retiring 13 years ago. *Got a news tip or feedback? Drop us a line at tips@thedrive.com* ## Author Overseeing what you see, read, touch, hear, and interact with from the vast lakes of Minnesota, Joel Feder shapes how The Drive looks and operates as the head of content and product initiatives. On a daily basis, Joel leads the newsroom and editorial staff playing point on both short-term coverage and long-term strategic plans. His mission is to help ensure The Drive shapes the future of automotive media by helping the team execute original reporting, breaking news, and exclusive opportunities. Regarded as an industry insider and recognized by colleagues, fellow journalists, and manufacturers as a point-person and leader in the industry, Joel owns and runs the largest automotive professionals group on Facebook in an effort to serve and help others. Joel serves as a juror for the World Car Awards. In addition, he is the board chair and chair of the governance and nominating committee for Move Forward MN, a local non-profit that helps at-risk youth with barrier-free mental health and housing services. While you’re reading this he’s either on his computer or iPhone chasing the latest news or drafting a story. ### Author social links [Instagram]() [LinkedIn]() [Bluesky]() [Email]()