GM CEO Mary Barra Says 1 Million EV Target Won't Be Hit
Portfolio Pulse from Benzinga Newsdesk
In a recent CNBC interview, GM CEO Mary Barra announced that the company will not meet its target of producing 1 million electric vehicles (EVs) by the end of the year. This shortfall is attributed to supply chain issues and slower-than-expected production ramp-up.
July 15, 2024 | 7:59 pm
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GM will not meet its target of producing 1 million EVs by the end of the year, as announced by CEO Mary Barra. The shortfall is due to supply chain issues and slower production ramp-up.
Missing the EV production target is a significant setback for GM, likely leading to negative investor sentiment and a potential short-term decline in stock price. Supply chain issues and slower production ramp-up are critical factors affecting the company's performance.
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