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GM CFO Paul Jacobson on the outlook for its EV business
Despite a Q3 earnings beat, GM CFO Paul Jacobson said on Tuesday only about 40% of the company’s EVs were profitable on a production, or contribution-margin basis. Speaking with CNBC's Phil LeBeau, Jacobson signaled that the company expects profitability for EVs to take longer than previously expected amid an expected slowdown in adoption.
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