DETROIT—General Motors Co. Chief Executive Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs.
Barra made her comments during the automaker’s annual shareholder meeting.
GM is pursuing a two-track strategy: Investing heavily in electric vehicles for North America, China, and other markets, and funding those investments by trying to maximize profits from its North American combustion pickup truck and large SUV lineups.
Barra said GM is planning higher-priced versions of its Silverado large pickup and its large SUV models….