GM and Ford Rely on Gas Trucks as EV Growth Slows

U.S. Automakers Navigate EV Slowdown with Focus on Trucks and SUVs

As General Motors (GM) and Ford prepare to unveil their first-quarter results, both automotive giants are bracing for the complex challenge of demonstrating future profit growth amidst a noticeable slowdown in global electric-vehicle (EV) demand. This downturn is exacerbated by stiff competition from Chinese automakers, high U.S. borrowing costs, and a challenging macroeconomic landscape marked by a slowing Chinese economy and persistent U.S. inflation.