GM plunges further into the EV market with a $20-billion spending plan
Electric vehicles can cut greenhouse gases and carmakers have big plans for them. But so far, few car buyers want them.News Analysis: Foxconn may prove Tesla’s Musk wrong about how hard it is to build electric cars
In the U.S., EV sales fell more than 6% in 2019, and they still represent only about 2% of the 17 million passenger vehicles sold.GM is not the only automaker going out on an EV limb. Pushed by regulators worldwide, Volkswagen, Ford, Hyundai and others are diving deep into EV development. The company hopes to generate more investor excitement about GM’s future. Like other traditional automakers, GM has been stuck with a pallid stock price as Palo Alto-based Tesla’s shares soar. Tesla’s market value is three times that of GM, at about $137 billion, even though GM’s overall annual revenue is more than five times
GM’s EV and automated vehicle approach represents “the biggest opportunity anybody has ever seen for this company,” GM President Mark Reuss told investors.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM to tout its electric vehicles to investors swooning over TeslaGeneral Motors Co executives on Wednesday will tackle one of their toughest task...
Read more »
Michael Bloomberg Ends Presidential Run and Endorses Joe Biden'After yesterday's results, the delegate math has become virtually impossible — and a viable path to the nomination no longer exists.'
Read more »
Exclusive: Tinder Is Launching A Concierge Service To Save Your Love LifeTinder is launching a concierge service to save your love life by abebrown716
Read more »
Exclusive: Tinder Is Launching A Concierge Service To Save Your Love LifeNot getting as many Tinder matches as you’d like? Pay extra, and Tinder will start helping with that by abebrown716
Read more »
GFL raises $1.4 billion in IPO amid volatile marketsGFL Environmental Inc on Monday raised about $1.4 billion in its initial public ...
Read more »