General Motors CEO Mary Barra says the automaker's plan for the automaker to grow by 2035 despite third-quarter results showing that electric vehicles (EVs) remain unprofitable. It remains committed to making the car fully electric.
“That’s the plan we’re still running.” Barra said. of new york times It's part of GM's plan to fully transition to EVs by 2035, regardless of who's in the White House.
Barra first made this commitment in 2021, after President Joe Biden and Vice President Kamala Harris took office. However, this initiative has not improved the profitability of EVs.
According to Fox Business, GM executives announced in a third-quarter letter to shareholders this week that the company's EV project remains unprofitable. report:
“In the third quarter, we expanded our retail market share in the U.S. with above-average pricing, well-managed inventory, and below-average incentives.In China, sales improved from the second quarter and dealer sales increased. “Inventories have decreased significantly. Additionally, the company is on track to meet its 2024 EV production and profitability goals,” the company wrote.
“This is the result of our investments in a purpose-built EV platform, U.S. battery cell manufacturing, and flexible assembly capabilities. Most of our competitors do not have these advantages, and the depth of our strategic EV portfolio Nothing compares to its size and breadth,” the statement continued.
Barra's tenure as CEO has been plagued by job cuts. In August, he announced that the company would lay off about 1,000 software employees, including 600 employees in Warren, Michigan and other locations in California and Texas.
Next month, Barra said Approximately 1,700 employees at GM's Fairfax Assembly Plant in Kansas will be laid off, including nearly 700 full-time employees and approximately 250 temporary workers.
The first round of GM's job cuts in Kansas will begin next month, with the second round beginning early next year.
John Binder is a reporter for Breitbart News. Please email jbinder@breitbart.com. Follow him on Twitter here.
