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GM believes it will start making money on electric vehicles in 2025

General Motors says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions.

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GM Electric Vehicles: GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive, ET Auto

GM Electric Vehicles: Chief Financial Officer Paul Jacobson told analysts at a Barclays conference in New York on Thursday, conceding that the company has struggled to ramp up electric vehicle manufacturing. "While the ramp has been a little bit bumpy, we have worked through that," he said.

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GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive

GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
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GM predicts e-vehicle gains by 25 | The Arkansas Democrat-Gazette - Arkansas Best News Source

General Motors is losing money on every electric vehicle it sells, but the company says it s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin electrics, works out kinks in battery manufacturing, and sees battery cost reductions.

United statesPaul jacobsonLg energy solution of koreaChief financial officer paul jacobsonNew yorkUltium cells

GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive

GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive
go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.

United statesPaul jacobsonLg energy solution of koreaChief financial officer paul jacobsonNew yorkUltium cellsChevrolet equinoxChevy silveradoChevrolet bolt