12:46 PM EDT, 10/02/2024 (MT Newswires) -- General Motors ( GM ) executives are planning to reassure investors how it will revive sagging demand for electric vehicles and other aspects of the automaker's broader market strategies at its annual Investor Day presentation next week, Reuters said Wednesday, citing two people familiar with the matter.

Chief Executive Officer Mary Barra leads a contingent of GM executives slated to appear at the Oct. 8 event from its factory in Spring Hill, Tennessee. The company will likely address its sales strategy and cost structures, not just for electric and hybrid vehicles but for internal combustion engine-powered cars and trucks as well, the sources told Reuters. The executives are expected to focus their messaging on stability and less on growth plans, according to the report.

The company on Tuesday said it delivered a total of 659,601 vehicles in the US during the three months ended Sept. 30, down 2% from year-ago levels, although EV sales grew 60% year-over-year during Q3.

GM is not expected to announce new stock buybacks or an increase in its quarterly dividend, the sources told Reuters.

The company did not immediately respond to a request from MT Newswires seeking details about its potential message to GM investors next week.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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