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General Motors to Boost Investments to $27 Billion for the Development of New Electric Vehicles as the Company Transforms for the Future

General Motors to Boost Investments to $27 Billion for the Development of New Electric Vehicles as the Company Transforms for the Future

U.S. automaker General Motors (GM) is going all in on electrification in a bid to gain some ground on Tesla and other rival automakers with billions in new investments. The automaker’s total investments to develop new electric vehicles now totals $27 billion through 2025, which is more than half of GM's capital spending.

Eric Walz2020-11-19 13:00 PT

General Motors Plans to Further Boost its Multi-Billion Dollar Investment in EVs, Sources Say

General Motors Plans to Further Boost its Multi-Billion Dollar Investment in EVs, Sources Say

General Motors CEO Mary Barra plans to announce the company’s revised and accelerated EV strategy on Thursday, which is reported to include billions in new investments. The move is also to convince investors it can be a serious competitor to electric automaker Tesla in the future, which is now the world's most valuable car company.

Eric Walz2020-11-18 10:45 PT

General Motors Confirms the Return of the Hummer as a 1,000 Horsepower Electric Truck

General Motors Confirms the Return of the Hummer as a 1,000 Horsepower Electric Truck

GM is bringing back the Hummer as a fully-electric, 1,000 horsepower, zero-emissions truck under the GMC badge. This time around, the new Hummer won’t be judged by its gas mileage.

Eric Walz2020-01-30 10:00 PT