GM's Investor Day: Stability in an Evolving Auto Market

General Motors plans to reassure investors about the demand for electric vehicles and potential profitability by 2025. Shifting from aggressive growth, GM will stress stability, highlight ICE models' profitability, and address concerns regarding EV investments and competition from Chinese automakers. Key points include partnerships and cost reduction strategies.

General Motors will address investor concerns next Tuesday by emphasizing stability and the potential for profit growth, despite slowing demand for electric vehicles. Sources reveal the company's new strategy will contrast with the ambitious goals outlined by CEO Mary Barra in 2021.

Executives, including GM's President of Global Markets Rory Harvey, will present third-quarter sales as positive indicators and highlight profit margins from their internal-combustion engine vehicles. They will introduce eight refreshed SUV models, such as the Chevrolet Equinox and Buick Enclave, expected to boost profits until 2025.

Shareholders seek reassurance that EV investments will be prudent and not lead to significant financial losses. GM's upcoming investor day will also feature their Ultium Cells battery technology and potential collaborations with companies like Hyundai to reduce costs and expedite vehicle production.

(With inputs from agencies.)