GM CEO Says Company Is Working With Urgency To Make EVs Profitable On EBIT Basis; Company Conducting Dealer Outreach, Training; EV Consideration Stronger Among Luxury Customers
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) is actively working to make its electric vehicles (EVs) profitable on an EBIT basis. The company is conducting dealer outreach and training, with a focus on luxury customers who show stronger EV consideration.
October 22, 2024 | 12:41 pm
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General Motors is focusing on making its electric vehicles profitable on an EBIT basis. The company is engaging in dealer outreach and training, with a particular focus on luxury customers who are more inclined towards EVs.
GM's focus on making EVs profitable and targeting luxury customers indicates a strategic move to enhance revenue and market share in the growing EV sector. This could positively impact GM's stock price in the short term as investors may view this as a proactive step towards future profitability.
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