GM to boost electric, autonomous investment by $7 billion
General Motors said Thursday it will boost investment in electric and autonomous vehicle technology by $7 billion through mid-decade as it accelerates a technology race with Tesla and other automakers.
“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” said GM Chief Executive Mary Barra.
“We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth.”
The US auto giant now plans to spend $27 billion in the newer ventures through 2025, up from the $20 billion planned before the coronavirus pandemic.
