(MENAFN) General Motors remains dedicated to enhancing its small, fuel-efficient vehicles line-up even though the recent oil price decline has pushed US consumers towards bigger vehicles, the company's chief financial officer said, Gulf News reported.
However, it is also a "very, very important" part of the strategy for GM- the US's biggest carmaker by sales- to pursue "electrification" of vehicles, the term for everything from hbrid vehicles to pure electric, he added.
He was speaking after car sales figures for recent months showed the big drop in fuel prices had revived sales of many big sports utility vehicles and pickup trucks, including some of the largest, in the US.
The trend is good for GM, which makes higher profit margins on SUVs and pickups.
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