General Motors has maintained its leadership position in American car sales for the first quarter of 2024, despite facing challenges in its electrification efforts. The company’s strong earnings performance has boosted its confidence in investing in its future, including strengthening its internal combustion engine (ICE) portfolio, scaling electric vehicles (EVs), and reinvesting in the business. GM’s CFO, Paul Jacobson, attributed the company’s success to its resilient customer base, despite concerns over high interest rates impacting consumer spending. The company reported an operating profit of $3.7 billion in the quarter, exceeding previous estimates of $3.12 billion.