Reported 1 day ago
General Motors' CFO, Paul A. Jacobson, discusses the company's recent $1.6 billion setback in EV production as it adjusts to the current market and regulatory environment. He emphasizes the importance of aligning EV capacity with actual consumer demand, noting that while the transition to electric vehicles will be slower than anticipated, GM remains confident in the long-term viability and success of EVs in the market.
Source: YAHOO