‘Automaker Cuts Back on Electric Vehicle Production Amid Low Demand, Foresees Variable Profit Margins’

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General Motors is reducing its electric car production target for this year and altering the timing of its profit targets because demand for EVs is not increasing at the rate anticipated. GM CFO Paul Jacobson announced Tuesday that the company’s goal output of new EVs in 2024 will be reduced from 200,000 to 300,000 to […]

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