{"id":420866,"date":"2021-06-17T09:30:12","date_gmt":"2021-06-17T04:00:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420866"},"modified":"2021-06-17T11:02:22","modified_gmt":"2021-06-17T05:32:22","slug":"gm-focuses-on-ev-race-again-boosts-spending-by-30-to-35-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gm-focuses-on-ev-race-again-boosts-spending-by-30-to-35-billion\/","title":{"rendered":"GM focuses on EV race again, boosts spending by 30% to $35 billion"},"content":{"rendered":"<p>General Motors Co. is raising the stakes in the electric-vehicle race, boosting its investment in future technology for a second time in eight months with plans to spend $35 billion on more than 30 plug-in vehicles by 2025 and a total of four battery plants. <\/p>\n<p>The automaker said the stepped-up investment reflects stronger-than-expected financial results for the year. Higher revenue and earnings growth from its GM Financial lending unit will lift first-half adjusted earnings before interest and taxes from an earlier estimate of $5.5 billion to as much as $9.5 billion, the company said Wednesday. <\/p>\n<p>With more cash coming in and with consumer demand for electric vehicles rising &#8212; even for lower-priced, slower-selling models like the battery-powered Chevrolet Bolt &#8212; the automaker is upping its ante on next-generation technology bets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors Co. is raising the stakes in the electric-vehicle race, boosting its investment in future technology for a second time in eight months with plans to spend $35 billion on more than 30 plug-in vehicles by 2025 and a total of four battery plants. The automaker said the stepped-up investment reflects stronger-than-expected financial results for the year. Higher revenue and earnings growth from its GM Financial lending unit will lift first-half adjusted earnings before interest and taxes from an earlier estimate of $5.5 billion to as much as $9.5 billion, the company said Wednesday. With more cash coming in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-420866","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420866"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420866\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}