GM is closing 5 plants and laying off nearly 15,000 employees,
. . . I was surprised. Not because it was happening,
. . . but because this could be an extremely forward looking move by the company.
GM “burned” more cash in Q1 2018 than Tesla did.
. . . GM, reported free cash flow of negative $3.464 billion.
. . . Tesla, reported free cash flow of negative $785 million.
According to AAA earlier this year, one in 5 drivers,
. . . wants an electric car as their next vehicle.
GM, specifically points out that it expects to double electric, and
. . . autonomous vehicle resources in the next 2 years,
. . . that it will prioritize future vehicle investments,
. . . in its next-generation battery-electric architectures, and
. . . that it is going to combine its vehicle, and propulsion engineering teams.
11-28-2018 Source: Is GM Serious About #Electric Vehicles?
Is GM Serious About #Electric Vehicles?
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