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Turns out pivoting your 114-year-old business is hard.
General Motors has made gas-powered vehicles forever, so of course the transition to zero-emission is going about as terribly as can be expected. The latest excuse for its struggles to increase EV production is battery module assembly, GM’s chief financial officer said at a conference.
Last year, GM projected it would build 25,000 Cadillac Lyriqs. The actual number it has delivered so far this year is 2,400 — so less than 10 percent of that original prediction. Not great!
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