Name: What's Next for GM After Posting Earnings Beat
Uploaded: 2024-10-22T14:08:41.104-05:00
Duration: 5 min 1 s
Description: Right now, General Motors (GM) is benefitting from stubbornly high new car prices, with high profit margins on their popular vehicles. Karl Brauer says he worries about consumer sentiment towards buying new vehicles, and that their E.V. segment is still losing money. He thinks cheap Chinese E.V. imports could cause U.S. conversion to struggle.

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Right now, General Motors (GM) is benefitting from stubbornly high new car prices, with high profit margins on their popular vehicles. Karl Brauer says he worries about consumer sentiment towards buying new vehicles, and that their E.V. segment is still losing money. He thinks cheap Chinese E.V. imports could cause U.S. conversion to struggle.