GM and Ford count on gas-powered trucks as EV growth slows
DETROIT/DEARBORN, Michigan: U.S. automakers General Motors (GM) and Ford face a common challenge as they prepare to report first-quarter results: explaining where profit growth will come from amid a slowdown in electric vehicle (EV) growth.
The slowdown in global EV demand, intensified competition from Chinese automakers, and high U.S. borrowing costs have prompted both companies to scale back investmen