GM CFO Targets End of Q2 to Settle $4.2 Billion in EV Restructuring Costs

GM CFO Targets End of Q2 to Settle $4.2 Billion in EV Restructuring Costs

General Motors‘ Chief Financial Officer Paul Jacobson previewed on Wednesday the company’s first quarter vehicle sales. Jacobson flagged that weather conditions and reduced inventory levels had a greater impact on first-quarter sales than rising fuel costs, the latter related to the ongoing geopolitical conflict in the Middle East. “Usually it takes four to six months of sustained high oil prices before people start to think, ‘Maybe I should go …

GM continues its vehicle-to-home EV push

North American OEM General Motors is emerging as one of the leaders in bringing vehicle-to-home (V2H) capabilities to its EV portfolio. 12 General Motors EV models now support vehicle-to-home technology across various model years, allowing their owners to save even more money on their home charging bills - and become more resilient against blackouts. With increasingly volatile oil prices, solutions such as vehicle-to-home and vehicle-to-grid are…