General Motors Co. is boosting production of both models of its fast-selling Chevrolet Bolt battery electric vehicle company chair and CEO Mary Barra wrote Tuesday in a letter to shareholders.
GM also reaffirmed its full-year guidance for 2022 for full-year net income of between $9.6 billion and $11.2 billion, and EBIT-adjusted of between $13.0 billion and $15.0 billion While industry-wide, electric vehicles still represent a small percentage of sales in the U.S. Barra wrote GM's EVs captured more than 8% of EV sales in this country during the third quarter powered by the Chevy Bolt EV and Bolt EUV.
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