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GM is going ‘all-electric,’ but it doesn’t expect to make money off battery-powered cars until early next decade

General Motors does not expect its electric vehicles to turn a profit for at least a few more years, CEO Mary Barratold investors Wednesday.
The largest U.S. automaker repeated its commitment Wednesday to make its entire vehicle lineup “all-electric,” but provided investors with few details about those plans on a conference call after GM reported fourth-quarter earnings that beat expectations.
However, GM is clear that its electric vehicles won’t make money until “early next decade,” Barra said
More www.cnbc.com/2019/02/06/gm-doesnt-expect-to-make-money-off-electric-cars-until-next-decade.html

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