General Motors Co on Tuesday lifted its full-year profit and cash flow forecasts, citing stronger-than-expected demand and higher prices, but executives cautioned the price gains over 2022 won't last as the year goes on.
on Tuesday lifted its full-year profit and cash flow forecasts, citing stronger-than-expected demand and higher prices, but executives cautioned the price gains over 2022 won't last as the year goes on.
Consumers willing to pay a rich price for a new vehicle gave GM a significant boost in the latest quarter. Higher prices added nearly $1,800 a vehicle to GM's North American pre-tax profit, the company reported. Barra reaffirmed a goal of building 400,000 EVs in North America from 2022 through the first half of 2024.
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