GM pivots to hybrids as US gasoline holds above $4, sales slide

GM CEO Mary Barra announced plans to add hybrids across multiple segments, citing sustained high US gasoline prices ($4.28/gal vs $3.04 a year ago) and a 6% Q3 sales decline. This marks a strategic reversal from GM's prior EV-only focus, responding to consumer demand evidenced by Toyota's 28.5% rise in electrified vehicle sales. The move signals a shift in US auto market strategy, potentially impacting EV adoption forecasts and competitive dynamics.