News > GM and Ford count on gas-powered trucks as EV growth slows
GM and Ford count on gas-powered trucks as EV growth slows
20/04/2024 03:16 PM | Click to read full article
US automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows. The slowdown in global electric vehicle demand, intensifying competition from Chinese automakers and high US borrowing costs have forced the US automakers to delay investments and ratchet down costs over the past 12 months.
