General Motors CEO assures investors more profitable days are ahead

General Motors CEO Mary Barra reassured investors that the company is on track to maintain profits in 2025 similar to 2024, despite concerns about lagging demand for electric vehicles and peak demand for gasoline-powered trucks. Barra highlighted the potential for profit margins to continue growing for traditional internal combustion engine vehicles and emphasized the ramp-up of EV sales. Shareholders were eager for updates on GM’s restructuring in China and its Cruise autonomous vehicle operations. GM’s messaging focused on stability rather than aggressive growth, with a focus on reducing complexity and lowering costs. The company is also focusing on its Ultium Cells battery technology and plans to be more flexible with battery chemistry and configuration in the future.