GM's electric vehicle growth is 'outpacing everybody': CFO
In this article:General Motors (GM) has recently authorized a $6 billion share repurchase program, driven by the company's robust revenue growth and strong profit margins. At the Deutsche Bank Global Auto Industry Conference, Yahoo Finance's Autos reporter Pras Subramanian is joined by GM CFO Paul Jacobson to delve into the automaker's outlook in the electric vehicle (EV) space.
Jacobson proudly notes that GM has experienced remarkable growth within the EV sector, stating that the company's progress is "outpacing everybody." With new product offerings set to hit the EV market, the CFO says, "We're starting to execute really, really well."
Regarding the company's business dynamics moving forward, Jacobson tells Yahoo Finance, "We've always taken a very ... stable view in terms of what we're trying to do with incentives, with inventory levels, and the team's been really strong at executing that, and the vehicles, customers love them."
