GM CFO Says Aiming For Single-Digit Pretax Margins On EVs By 2025, Including IRA Benefits
Portfolio Pulse from Benzinga Newsdesk
GM's CFO has announced the company's target to achieve single-digit pretax margins on electric vehicles (EVs) by 2025, factoring in the benefits from the Inflation Reduction Act (IRA).

November 29, 2023 | 1:35 pm
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GM's CFO has set a goal for the company to reach single-digit pretax margins on EVs by 2025, including the advantages provided by the Inflation Reduction Act.
The announcement by GM's CFO regarding the target for EV pretax margins is a positive signal for investors, indicating the company's commitment to profitability in the growing EV sector. The inclusion of IRA benefits suggests that GM is strategically positioning itself to capitalize on government incentives, which could improve its competitive edge and financial performance. This news is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on GM's stock price.
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