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Zenger
Zenger
Business
Adam Eckert

GM’s Strong Q2 Results Overshadowed By Cost-Cutting Measures, Raising Concerns For EV Strategy

GM Mary Barra Chevrolet General Motors GMC Joe Biden
US President Joe Biden, with General Motors CEO Mary Barra, looks at a Chevrolet Silverado EV as he tours the 2022 North American International Auto Show at Huntington Place Convention Center in Detroit, Michigan on September 14, 2022. - Biden is visiting the auto show to highlight electric vehicle manufacturing. (MANDEL NGAN /GETTY IMAGES) 

General Motors Co (NYSE: GM) reported better-than-expected financial results Tuesday morning, but the stock is hitting the brakes after the company announced cost-cutting measures, suggesting its EV strategy could face a bumpy road ahead in the near term.

People look at the new Chevrolet Blazer EV SS at the North American International Auto Show in Detroit, Michigan on September 14, 2022. (GEOFF ROBINS/GETTY IMAGES) 
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