The automotive industry has witnessed dramatic growth due to advanced technology integration. Currently, there are 1.2 million electric vehicles (EVs) in use in the United States, which is expected to be 18.7 million by 2030.
Prominent car maker General Motors Company’s (GM) bottom line beat Wall Street expectations. The company raised its fiscal year 2022 guidance and projects full-year 2022 adjusted automotive free cash flow to increase to $10-11 billion from its previous guidance of $7-9 billion.
