Home›Commodities›Energy›GM to Add Hybrids as U.S. Gasoline Holds Above $4

GM to Add Hybrids as U.S. Gasoline Holds Above $4

Reported · Written up by our desk · Energy

General Motors will add hybrids in multiple segments, CEO Mary Barra told analysts Oct. 20, with US gasoline at $4.28 a gallon, up from $3.04 a year earlier. GM's US sales fell 6% in the third quarter, while Toyota's sales of electrified vehicles rose 28.5%. "We will have hybrids," Barra said on the company's third-quarter earnings call, in answer to UBS analyst Joe Spak. She said GM will give more detail closer to launch. Barra said the hybrids will come in segments where GM already competes. She said much of today's hybrid activity is in compact…

Latest closeGasoline (RBOB) $3.068 ▼1.6%

More like this

Sources