DETROIT -- General Motors CEO 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.
GM and its Detroit rivals Ford Motor Co. and Stellantis rely heavily on sales of large pickups and SUVs for global profits. High U.S. gasoline prices in the past have undermined consumer demand for relatively inefficient models.
Nominal pump prices hit an average of above $5 a gallon for the first time ever last …