BRIEF-GM CFO Says Co In Early Stages Of Scaling Up EV Production- Bofa Conf.


Reuters | Updated: 26-03-2024 20:11 IST | Created: 26-03-2024 20:11 IST
BRIEF-GM CFO Says Co In Early Stages Of Scaling Up EV Production- Bofa Conf.

General Motors Co: * GM CFO SAYS CO IN EARLY STAGES OF OF SCALING UP EV PRODUCTION- BOFA CONF.

* GM CFO SAYS ON TRACK TO HIT 200,000-300,000 EV GOAL * GM CFO SAYS SEEING GAINS ON THE RETAIL SIDE, BUT LOST A LITTLE BIT ON THE FLEET SIDE

* GM CFO SAYS FLEET SIDE IMPACT RELATED TO AVAILABILITY ISSUES FOR FEW VANS AND MID-SIZED TRUCKS * GM CFO SAYS MARCH INCENTIVES COMING DOWN A LITTLE BIT

* GM CFO SAYS FEEL GOOD ABOUT WHERE WE'RE TRENDING * GM CFO SAYS SEEING AVERAGE TRANSACTION PRICES HOLD IN

* GM CFO SAYS PRICES HAVE BEEN PRETTY CONSISTENT WITH WHERE WE WERE A YEAR AGO * GM CFO SAYS DEMAND HANGING IN PRETTY STRONG

* GM CFO SAYS STILL BELIEVE THAT WE'LL POST AN EQUITY LOSS IN CHINA IN Q1 * GM CFO SAYS CO WILL GET THE $2 BILLION COST REDUCTION PROGRAM DONE THIS YEAR

* GM CFO SAYS ON BLAZER WOULD RATHER GET IT FIXED, EVEN IF THAT COSTS A LITTLE BIT ON WORKING CAPITAL * GM CFO SAYS MARKETING SPENDING DOWN ABOUT $500 MILLION

* GM CFO SAYS CO FOCUSED ON GETTING EVS PROFITABLE BY 2025 * GM CFO SAYS CO HAVING TO CHANGE MANUFACTURING FACILITIES, CONVEYANCE SYSTEMS THAT CAN'T SUPPORT THE WEIGHT OF EVS Further company coverage:

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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