General Motors delivered another strong quarter Tuesday, and the results are already fueling a larger political debate over the future of the American auto industry.
After years of pouring billions into electric vehicle development under mounting federal pressure, the nation’s largest automaker is once again raising its earnings outlook. The latest financial report is prompting critics of the Biden administration’s electric vehicle policies to argue that consumer demand—not government mandates—is ultimately deciding the market.
General Motors reported adjusted earnings of $3.57 per share for the second quarter, comfortably exceeding Wall Street’s expectation of $3.20.
