GM accelerates EV development & raises investment
General Motors is increasing its spending, launching an “all-out pursuit of global EV leadership,” GM CEO Mary Barra announced. By 2025, the US carmaker wants to have 30 electric models and intends to raise investment from 20 to 27 billion US dollars.
GM takes hard steps towards electrification in USA
General Motors has announced a comprehensive restructuring plan to save six billion dollars annually by the end of 2020. This will free up funds to invest in the development and production of electric cars and autonomous vehicles, but also means closing down large U.S. factories.