GM had $6 billion to spend on EVs, chose stock buybacks

electrek.co

GM had $6 billion to spend on EVs, chose stock buybacks

electrek.co

sabreW4K3M to

Electric Vehicles@slrpnk.net · 5 months ago

GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion

electrek.co

Despite delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to NOT invest $6 billion in new product.

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we’ll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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