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International Business Times
International Business Times
Business
John BIERS

Strong US Sales Boost GM Results As It Slows Some EV Plans

GM indefinitely halted plans for the autonomous Cruise Origin, shown here in 2023 in Japan, citing regulatory uncertainty (Credit: AFP)

General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives vowing a flexible approach to electric vehicle (EV) investment while demand growth ebbs.

The major US automaker's second-quarter results demonstrated a continued lift from robust pricing in its home market, thanks to healthy demand for trucks that has made up for weakness in China.

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