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Automotive [email protected]English • 8 months ago

GM had $6 billion to spend on EVs, chose stock buybacks

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GM had $6 billion to spend on EVs, chose stock buybacks

@[email protected] to

Automotive [email protected]English • 8 months ago

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

Despite delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to NOT invest $6 billion in new product.

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@3volver
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9•8 months ago
Meanwhile Biden put 100% tariffs on Chinese EVs entering the US. No wonder the US is losing to China.