threelonmusketeers@sh.itjust.works to

[Dormant] Electric Vehicles@lemmy.worldEnglish · 5 months ago

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

cross-posted to:
automotive@discuss.tchncs.de

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

threelonmusketeers@sh.itjust.works to

[Dormant] Electric Vehicles@lemmy.worldEnglish · 5 months ago

cross-posted to:
automotive@discuss.tchncs.de

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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IamRoot@sh.itjust.works
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5 months ago
You mean the car company that the tax payers were forced to bail out? That GM?

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