Reported about 1 month ago
General Motors (GM) CFO Paul Jacobson reported that the company expects to see an increase of $2 billion to $4 billion in electric vehicle (EV) profitability improvements by 2025. This comes after delivering 32,000 EVs in the third quarter and aiming to produce 200,000 EVs in 2024. GM's overall sales rose 10.5% year-over-year, exceeding expectations, and the company's adjusted earnings per share also surpassed forecasts. GM continues to repurchase shares and has raised its annual profit outlook.
Source: YAHOO