Gms mavs3/28/2024 The executives making presentations laid out the company’s plans that will contribute to it doubling its annual revenue to $280-billion by 2030 while increasing its operational profit margins from 7.9% in 2020 to from 12 to 14%.Ĭhief Financial Officer Paul Jacobson put it simply: “This is real.” It is the “digital platform” that is essential to this. The objective was to convince Wall Street, in effect, that GM is a to-the-moment-future-oriented firm, not some sort of old-school tin-bender.Īnd the “platform” just isn’t the vehicular architecture that many of us are familiar with. General Motors held a two-day program for the investor community last week. (Image: Jeffrey Sauger for General Motors) Transforming an existing facility to produce EVs is faster than starting from scratch, GM’s Johnson notes.
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