GM: Switching to electric will help double our sales
CNN
General Motors says that its plan to transition to all-electric vehicle lineup will help both its top and bottom lines, in addition to helping the environment.
GM announced Wednesday that it forecasts doubling global revenue by the end of the decade and improving its profit margin as it does so. Company executives are set to lay out specifics of their plans at a two-day investor program beginning Wednesday.
Doubling revenue would mean adding more than $100 billion in annual sales. The company reported global revenue of $122.5 billion last year, despite the hit to sales from the Covid pandemic, and $137.2 billion in 2019.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.