Barra emphasized at an investor day on Tuesday in Spring Hill, Tennessee, that profit margins have not peaked on traditional internal combustion engine (ICE) powered vehicles, and its EV sales are ramping up, something
sources previously told Reuters would be outlined. That includes 2025 profits in the same range as 2024, she said.
“I believe before the day is done, that you’ll agree that GM has plenty of upside relative to the consensus view that the auto industry has reached peak profitability,” Barra told investors.
