GM reclaims American car sales crown but CFO warns brand needs to ‘pace ourselves’ on switch to EVs [Video]

GENERAL Motors has retained the American car sales crown in the first quarter of the year and is looking to stave off electrification headwinds in its fleet.

GM maintained earnings momentum in the first part of 2024 after recording the most American car sales – and the company said the robust profits allow it to look forward into the brand’s future.

During the first-quarter earnings call, GM’s CFO, Paul Jacobson, said the company’s buyers have “been remarkably resilient.”

American car companies have fretted that high interest rates will reduce profits as consumers move away from making high-dollar purchases.

But the company reported an operating profit of $3.7 billion in the quarter.

The company previously predicted $3.12 billion in …