GM says EV a growth market, on track to retrieve positive variable profit in Q4

Discussing EVs at its Investor Day, General Motors said, “We are on track to retrieve positive variable profit in Q4. To get there, we are driving strong execution, accelerated material cost reductions on top of that and realizing our operational efficiencies as we come online in volume. We expect to produce approximately 200,000 EVs in North America this year, which we think is the right level because the market continues to grow slowly but surely and we are scaling to meet the demand where it is at… At the other end of the market late next year, we will launch the next generation Bolt. The 2026 Bolt will offer the same value as the original Bolt and much more and it will be a moneymaker for us… As we predicted EV are privy to be for us a growth market.”