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threelonmusketeers@sh.itjust.worksM to [Dormant] Electric Vehicles (Moved to [email protected])@lemmy.worldEnglish · 1 year ago

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

electrek.co

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

electrek.co

threelonmusketeers@sh.itjust.worksM to [Dormant] Electric Vehicles (Moved to [email protected])@lemmy.worldEnglish · 1 year ago
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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…

  • psycho_driver@lemmy.world
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    1 year ago

    EVs aren’t exactly flying off the lots. Maybe they were the smart ones?

    • DarKnight0@lemmy.ca
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      1 year ago

      EVs aren’t flying off the lot here in North America because they’re still to expensive, maybe spending that money on research would fix that problem since China’s found a way to make money off amazing EVs, but no, spending money on shareholders is the American way

    • stoy@lemmy.zip
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      1 year ago

      Aren’t BYD EVs selling quite well?

      • jonne@infosec.pub
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        1 year ago

        In the places where you can buy them, yeah. Doesn’t include the US.

    • themeatbridge@lemmy.world
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      1 year ago

      EVs are still too expensive for the features they provide.

    • Maggoty@lemmy.world
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      1 year ago

      Because nobody wants 55k pickup EVs with shit range. EV cars in the 20-45k range are selling great.

    • Hugh_Jeggs@lemm.ee
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      deleted by creator

[Dormant] Electric Vehicles (Moved to [email protected])@lemmy.world

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