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We will make money selling electric cars by 2021: GM assures investors

Barra's promise to turn profit is bold claim in market segment that has been driven more by govt policy than consumer demand

Reuters  |  Detroit 

General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has done. The answer is a big bet on combining proprietary battery technology, a low-cost, flexible vehicle design and high-volume production mainly in China, according to six current and former GM and supplier executives and six industry experts interviewed by Reuters. If GM can meet Barra's ambitious profitability target, ...

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First Published: Tue, January 09 2018. 13:37 IST