November 29, 2022

GM guarantees worthwhile EVs, with a lift from Washington

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DETROIT — Common Motors Co expects its electrical automobiles will become profitable in 2025, with just lately enacted federal subsidies plugging the profitability hole between EVs and GM’s combustion fleet, Chief Government Mary Barra stated Thursday.

Barra didn’t specify what GM’s electrical car revenue margins could be as she started a presentation to buyers in New York Metropolis.

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Barra has pushed a long-running effort to persuade buyers that the Detroit…

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