30/01/2024 12:30 PM | Click to read full article
General Motors CEO Mary Barra will face the challenge of convincing investors the No. 1 US automaker will not be stuck in the same slow lane this year as Tesla and other rivals. Tesla's warning last week that it expected a year of slow growth and continued pricing pressure weighed on other automakers' shares. GM has already pared back its 2023 profit guidance and told investors its new contract in the US with the United Auto Workers union will add USD 9.3 billion in costs.