Reuters
DETROIT (Reuters) -General Motors CEO Mary Barra sought to soothe shareholder worries that lagging demand for electric vehicles and perceived peak demand for gasoline-powered trucks will create a rough road ahead for the automaker. Barra emphasized at an investor day on Tuesday in Spring Hill, Tennessee, that profit margins have not peaked on traditional internal combustion engine (ICE) powered vehicles, and its EV sales are ramping up, something sources previously told Reuters would be outlined. "I believe before the day is done, that you'll agree that GM has plenty of upside relative to the consensus view that the auto industry has reached peak profitability,” Barra told investors.