According to Evan (@StockMKTNewz) citing WSJ, General Motors ($GM) has cancelled its planned $300 million investment in electric vehicle motor production at its upstate New York facility and will instead allocate $888 million toward manufacturing new V-8 engines. This strategic move signals a retreat from aggressive EV expansion, which could negatively influence sentiment toward electric vehicle-related crypto tokens and blockchain initiatives linked to automotive electrification. Market participants should closely monitor how this shift affects supply chain token projects and investor confidence in auto sector digitization. (Source: WSJ via @StockMKTNewz, May 27, 2025)