10/27, 5:01 PM (Source: TeleTrader)
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GM can catch Tesla in EV sales by 2025 - CEO

General Motors Company CEO Mary Barra said on Wednesday that her company can "absolutely" catch electric vehicle market leader Tesla, Inc. in electric vehicle sales by 2025.

"I am very comfortable because when people get into these vehicles, they are just wowed ... So we will be rolling them out and we’re going to just keep working until we have number one market share in EVs," Barra told CNBC, placing faith in new products such as the GMC Hummer pickup, Cadillac Lyric and Chevrolet crossover to win the market over.

GM revealed its third-quarter earnings earlier in the day, with revenue declining 24.5% and net income tumbling 40%.

Breaking the News / IB