GM CFO Says Going To See Rapid Revenue Appreciation Between Now And 2025 With Cruise; Focused On Getting The Technology Right, Then Bring The Cost Down On Automated Vehicles
Portfolio Pulse from Benzinga Newsdesk
GM's CFO stated at the Deutsche Bank Conference that the company expects rapid revenue appreciation between now and 2025 with Cruise, focusing on perfecting the technology and then reducing costs for automated vehicles.
June 15, 2023 | 4:33 pm
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GM expects significant revenue growth with Cruise by 2025, focusing on improving technology and reducing costs for automated vehicles.
The statement from GM's CFO indicates a strong focus on Cruise and its potential to drive revenue growth for the company. As they perfect the technology and reduce costs, it is likely to attract more customers and partnerships, leading to increased revenues and a positive impact on GM's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100