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GM CFO – More Spending Efficiencies on Way for ICE and EVs
Paul Jacobson, GM EVP and Chief Financial Officer said this morning in New York that the aim is to continue to drive GM’s strong cash flow performance while increasing the margins and the returns to investors while cutting capital spending. (NYSE: GM) Speaking at the Barclays Global Automotive and Mobility Tech Conference, Jacobson said, “we remain absolutely committed to driving to the 8% to 10% margin consistently that we’ve said in North America through this transition (to electric vehicles).” Continue reading →