Investors like GM’s tilt toward gas-powered cars. It could be a mistake

Facing significant losses associated with EV production, GM is now rethinking its plans.

General Motors Co. GM-N is rediscovering the importance of gas-powered trucks and big sport-utility vehicles, and investors couldn’t be happier.

But could GM’s move away from electric vehicles hurt the company over the longer term?

This week, it was all cheers after the automaker delivered upbeat quarterly financial results that demonstrated the company’s resilience to tariffs, disrupted supply networks and cash-strapped consumers.

Ottawa’s move to curb tariff relief for GM, Stellantis will harm country’s auto sector, manufacturers say

GM reported adjusted earnings of US$2.80 a share, down from the same period last year but more than 20 per cent higher than analysts’ expectations, according to S