General Motors confirms plans to reintroduce hybrid models in U.S. market
GM General Motors Company
$82.01 +2.22%
View chart & analysis → - 1Mike Anderson, Vice President of Propulsion Engineering at General Motors, stated that the company plans to reintroduce hybrid models to its U.S. lineup.
- 2Hybrid demand is rising, with Cox Automotive reporting a 23% increase in hybrid sales compared to the same period last year.
- 3General Motors reported $48 billion in revenue and $3.9 billion in adjusted EBIT for the second quarter.
So what's the key point?
General Motors has decided to start making hybrid cars in the U.S. again. This comes as demand grows, with hybrid sales increasing by 23%.
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