General Motors is facing challenges in increasing the production of electric vehicles, according to a top executive. However, the company remains optimistic about the future, particularly in terms of margin growth for its subsidiary, Cruise.
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photois still struggling to ramp up production of electric vehicles, a top executive said on Wednesday.
Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations.
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