Automaker eyes an annual production target of a million EVs by 2025.
Automaker announces plans to double EV production as competitors see EV inventories pile up.
Supply has picked up, as have sales in nearly every vehicle segment.
Both automakers posted consecutive monthly gains in June.
Automaker earmarks $2 billion to building next-gen full-size pickups and SUVs, guaranteeing production of gas-powered vehicles into the 2030s.
Despite pickup, automaker predicts low incentives will keep it lower than pre-pandemic levels.
Both automakers are discussing potential incentives and the distinction between wholesale and retail.
Investments in replacement parts distribution centers follow double-digit increases in aftermarket parts sales.
It reported that US retail sales rose 15% while fleet sales jumped 27%.
General Motors is looking into the prospect of a voice assistant à la Alexa or Siri in future models.
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