G.M. Profits Hurt by Unsold Electric Vehicles and Strike
General Motors said on Tuesday that its profit in the final three months of 2023 was depressed by losses stemming from unsold electric vehicles and the cost of a 40-day strike at some of its U.S. plants.The automaker, which has been banking on a rapid rise in sales of battery-powered models, earned $2.1 billion in the fourth quarter, it said, up from $2.0 billion a year earlier. G.M.’s revenue jumped about 10 percent, to $171.8 billion.“The pace of E.V. growth has slowed, which has created some uncertainty,” the company’s chief financial officer, Paul Jacobson, said in a conference call.G.M. took…