sabreW4K3@lazysoci.al to

Automotive Industry@discuss.tchncs.deEnglish · 2 years 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

sabreW4K3@lazysoci.al to

Automotive Industry@discuss.tchncs.deEnglish · 2 years ago

cross-posted to:
[email protected]

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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ChowJeeBai@lemmy.world
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2 years ago
Also gm: we can’t compete with china! U gives us subsidies and tariffs!

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