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General Motors Outshines Ford with Strong EV Performance and Profitability Amidst Industry Challenges
Wednesday
19 February, 2025
General Motors is making waves in the electric vehicle market, surpassing Ford to become the second-largest EV seller in the U.S. Can GM maintain its momentum and navigate the challenges posed by fierce competition and regulatory pressures?
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Key Takeaways
- GM ranks as the second-largest electric vehicle seller in the U.S., with 97,000 units sold last year.
- The company anticipates profitability in its EV division by 2025, aided by models like the Silverado EV.
- GM aims to cut EV losses by $2 billion this year, showcasing strong cost control measures.
- Increased consumer demand for electric vehicles and investments in technology bolster GM's future growth potential.
- The automotive electric motors market is expected to nearly double by 2032, benefiting GM's strategic positioning.
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