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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Maggoty@lemmy.world
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14 days ago
Because nobody wants 55k pickup EVs with shit range. EV cars in the 20-45k range are selling great.

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