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GM CFO Paul Jacobson on the outlook for its EV business

YouTubeCNBC Television

GM CFO Paul Jacobson on the outlook for its EV business

Despite a Q3 earnings beat, GM CFO Paul Jacobson said on Tuesday only about 40% of the company’s EVs were profitable on a production, or contribution-margin basis. Speaking with CNBC's Phil LeBeau, Jacobson signaled that the company expects profitability for EVs to take longer than previously expected amid an expected slowdown in adoption.

5.1K views1 month ago

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