'Dealers To GM: We Want Hybrids' - Wall Street Journal
Portfolio Pulse from Benzinga Newsdesk
Auto dealers are expressing a strong interest in hybrid vehicles to General Motors (GM), indicating a demand for a broader mix of powertrains amidst the industry's push towards electric vehicles. This demand suggests that consumers are still interested in hybrid options, which could influence GM's production and sales strategies.
January 29, 2024 | 4:22 pm
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Dealers are requesting more hybrid vehicles from General Motors, which could lead to changes in GM's vehicle lineup and potentially boost sales if GM responds to this demand.
The demand for hybrids from dealers suggests that there is a market segment not fully satisfied by GM's current focus on electric vehicles. If GM decides to increase the production of hybrids, it could see a positive impact on sales in the short term, as it meets dealer and consumer demand. However, the long-term strategy is still heavily focused on electric vehicles, which could limit the extent of investment in hybrid technology.
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