GM (US.GM) Earnings Rose Sharply in 2021 - 02 februarie 2022

General Motors Co. said it plans to accelerate the timetable for some electric-vehicle launches and will establish a third factory to build plug-in trucks, anticipating a sharp rise in demand for EVs.

The disclosure follows mounting questions from Wall Street about whether the auto maker is moving quickly enough to get a planned wave of electric vehicles to market. Chief Executive Mary Barra used the company’s fourth-quarter earnings call Tuesday to further detail GM’s plans.

“We also recognize we need to launch more EVs faster,” Ms. Barra told analysts. “That’s exactly what we’re going to do.”