GM and Ford count on gas-powered trucks as EV growth slows

DETROIT, April 19 (Reuters) - U.S. automakers General Motors (GM.N), opens new tab and Ford (F.N), opens new tab face a challenge in common when they report first-quarter results next week: Explaining to investors where profit growth will come from in the months ahead as EV growth slows.
The slowdown in global electric-vehicle demand, intensifying competition from Chinese automakers and high U.S. borrowing costs have forced the U.S. automakers to delay investments and ratchet down costs over the past 12 months. With China's economy slowing and U.S. inflation running hot, a macroeconomic growth boost looks a long way off.

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