threelonmusketeers@sh.itjust.works to

[Dormant] Electric Vehicles@lemmy.worldEnglish · 6 months ago

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

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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 · 6 months ago

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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JayTreeman@fedia.io
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6 months ago
Why would they? They’ll just get bailed out again like they do every 20-30 years.

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