DETROIT : General Motors Co President Mark Reuss said Monday the automaker is confident in its 2022 outlook and its plans to accelerate the launch of a new Cadillac electric vehicle, despite intensifying global supply chain risks.
"We are not new to this game," Reuss said. GM has long-term contracts for materials, and multiple sources of supply, he said."We never have one answer." Some rival automakers have hiked prices on their electric vehicles, or warned that 2022 financial projections are at risk because of higher oil prices and surges in prices for materials such as aluminum, neon and nickel hit by Western sanctions on Russia.
Reuss and other GM officials said consumer interest in the Lyriq is stronger than expected, with more than 240,000 people expressing interest."We are looking to accelerate production," GM Vice President for Cadillac Rory Harvey said on Monday's call.
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