GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
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.
Someone ought to make a clown applying makeup on how GM is handling the transition to EVs...
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EVs aren't exactly flying off the lots. Maybe they were the smart ones?
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
Aren't BYD EVs selling quite well?
In the places where you can buy them, yeah. Doesn't include the US.
Because nobody wants 55k pickup EVs with shit range. EV cars in the 20-45k range are selling great.
EVs are still too expensive for the features they provide.