threelonmusketeers@sh.itjust.works to

Electric Vehicles@lemmy.worldEnglish · 15 days ago

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

cross-posted to:
electricvehicles@slrpnk.net

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

threelonmusketeers@sh.itjust.works to

Electric Vehicles@lemmy.worldEnglish · 15 days ago

cross-posted to:
electricvehicles@slrpnk.net

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

Someone ought to make a clown applying makeup on how GM is handling the transition to EVs…

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15 days ago
“we don’t have money for raises. You see we took that profit you helped us make and gave it back to ourselves. Good luck” - CEO Mary Barra

Electric Vehicles@lemmy.world

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