Tuesday, April 30, 2019
GM's High Truck Sales Allow Financing for Self-Driving Cars
MT. PLEASANT, Mich -- General Motors is pushing ahead in the electric/self-driving car game, and their self-given deadline to deploy a fleet of autonomous vehicles for ride-sharing is fast approaching!
In a press conference in February, when asked about the corporation's progress on the project, Mary Barra stated that GM was "continuing to make rapid progress with the technology" and that they were "the only player out there with the hardware and the software under one roof".
But that kind of progress comes with a fair amount of spending, so how is the corporation able to afford this project? They're relying on their core business: trucks. GM reported a net profit of $2.1 billion for the first quarter, up from $1.1 billion a year ago!
Numerous skeptics on Wall Street, and from other automakers have come out with statements that express doubt towards GM's ability to hold to their established timeline, but the Detroit carmaker is not backing down from their promises. Do you think GM will be able to meet their deadline of releasing a self-driving fleet of vehicles by late this year/early next? Why or why not?
At Hank Graff Mt. Pleasant we strive to provide our customers with a car buying experience that is accommodating, stress-free and fun! Visit us at our Chevrolet dealership located at 4580 E Pickard Rd in Mount Pleasant, Michigan 48858 or our Buick GMC Cadillac dealership located at 116 N. Mission St in Mount Pleasant, MI 48858.