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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 Takes $2 Billion Equity Stake in Nikola Motor Co., Will Build its Electric/Fuel Cell Badger Pickup

General Motors Takes $2 Billion Equity Stake in Nikola Motor Co., Will Build its Electric/Fuel Cell Badger Pickup

Electric truck startup and Tesla rival Nikola Motor Company has signed a strategic partnership with U.S. automaker General Motors to build its Badger electric and fuel cell pickup truck. The Nikola Badger is the world's first truck with a hydrogen fuel cell or battery-power option.

Eric Walz2020-09-08 12:15 PT

General Motors Forms Alliance with Japan’s Honda, Will Co-Develop Vehicles for North America

General Motors Forms Alliance with Japan’s Honda, Will Co-Develop Vehicles for North America

U.S. automaker General Motors (GM) announced its forming an alliance with Japan’s Honda Motor Co to develop electrified vehicles as well as new propulsion technologies. The goal of the partnership is to accelerate innovation by combining resources.

Eric Walz2020-09-03 09:45 PT

GM’s Annual Sustainability Report Confirms its Commitment to Electric Vehicles With 12 New Models Coming by 2023

GM’s Annual Sustainability Report Confirms its Commitment to Electric Vehicles With 12 New Models Coming by 2023

U.S. automaker General Motors (GM) released its tenth annual sustainability report on Thursday. The latest sustainability report confirms the automaker's commitment to electrification. The report outlines GM’s plans to introduce 12 new fully-electric models by 2023 and that the recent pandemic has not caused any delays in the launch of the new models.

Eric Walz2020-07-17 14:30 PT