With current management of GM,

2022-01-26

With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.

GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla

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Comments

nuzzle
2022-01-29
nuzzle
If there is no achievement in the electric vehicle industry, it is really possible for GM to go bankrupt in the future.
huuou
2022-01-29
huuou
Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future.
snoozii
2022-01-29
snoozii
It's not too pessimistic. But it is impossible to restore glory.
zippiee
2022-01-29
zippiee
For GM, glory is a distant past.
blinkix
2022-01-29
blinkix
How much do you hate GM?Haha

Leave a comment

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Downhill all the way till another chapter 11.</p></body></html>","text":"With current management of GM, very unlikely GM will every relive it old glory. Downhill all the way till another chapter 11.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9090294348","repostId":2206683778,"repostType":2,"repost":{"id":"2206683778","pubTimestamp":1643181646,"share":"https://www.laohu8.com/m/news/2206683778?lang=&edition=full","pubTime":"2022-01-26 15:20","market":"us","language":"en","title":"GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2206683778","media":"StreetInsider","summary":"By Paul Lienert and David Shepardson(Reuters) -     General Motors Co said Tuesday it will invest $7","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/72bc254c1b819a8ff169be6130170979\" tg-width=\"200\" tg-height=\"115\" referrerpolicy=\"no-referrer\"/></p><p>By Paul Lienert and David Shepardson</p><p>(Reuters) -     General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with Detroit rival Ford Motor Co for EV supremacy in North America.</p><p>Both U.S. automakers, however, will have to contend with current leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.</p><p>GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Ontario and Mexico boosting the company&#39;s total North America EV production capacity to more than a million units by late 2025.</p><p>In January, Ford said it will have the annual capacity to build 600,000 electric vehicles, including 150,000 F-150 Lightning pickups, within 24 months, when it aims to become &#34;the clear No. 2 electric vehicle maker in North America&#34; behind Tesla.</p><p>Last year, Ford said it would invest more than $11 billion in new electric truck and battery plants in Tennessee and Kentucky, along with Korean partner SK Innovation.</p><p>In a statement, GM Chief Executive Mary Barra on Tuesday said GM&#39;s latest investment &#34;solidifies our path toward U.S. EV leadership by mid-decade.&#34;</p><p>The investment includes $2.6 billion with Korean partner LG Energy Solution in a new battery cell plant in Lansing that will supply Orion Township and other GM assembly plants when it opens in late 2024.</p><p>GM also is spending $4 billion to overhaul and expand the Orion plant, which will build different variants of the new Chevrolet Silverado and GMC Sierra electric pickups, President Mark Reuss said in a media briefing.</p><p>Reuters previously reported many of the details of the new investment in Michigan.</p><p>Reuss declined to provide details on incentives provided by Michigan to secure the GM investments, which include more than $500 million in two Lansing plants that currently build combustion-engine vehicles. Michigan officials said the state contributed $824 million in incentives, in part to support 4,000 new GM jobs.</p><p>He also declined to say how much longer GM plans to build the Chevrolet Bolt EV and Bolt EUV at Orion. A GM press release said production of the two electric vehicles &#34;will continue during the plant&#39;s conversion.&#34;</p><p>The Lansing battery cell plant will be the third U.S. plant built by Ultium Cells, the GM-LG joint venture, which is also constructing similar facilities in Lordstown, Ohio, and Spring Hill. A fourth North American battery plant is planned.</p><p>GM said last June it would boost electric and autonomous vehicle spending to $35 billion through 2025, a 30% jump over its prior forecast.</p><p>(Reporting by Paul Lienert in Detroit; Editing by Nick Zieminski)</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GM's $7 Billion Investment Intensifies EV Battle With Ford, Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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This will be whether the company's share price can rise in the future.","text":"Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future.","html":"Can GM launch an impact on Tesla in the electric vehicle market? This will be whether the company's share price can rise in the future.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100350827,"gmtCreate":1643440361158,"gmtModify":1663242943538,"authorId":3479274800160907,"author":{"id":3479274800160907,"authorId":3479274800160907,"name":"snoozii","avatar":"https://static.tigerbbs.com/efcc68c43d8beb98df1558b5d44394d9","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9090294348,"type":1,"supId":0,"prevId":0,"content":"It's not too pessimistic. But it is impossible to restore glory.","text":"It's not too pessimistic. But it is impossible to restore glory.","html":"It's not too pessimistic. But it is impossible to restore glory.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100350848,"gmtCreate":1643440647790,"gmtModify":1663242943035,"authorId":3479274690190267,"author":{"id":3479274690190267,"authorId":3479274690190267,"name":"zippiee","avatar":"https://static.tigerbbs.com/11480f146f791cea868b6a2ad548e628","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9090294348,"type":1,"supId":0,"prevId":0,"content":"For GM, glory is a distant past.","text":"For GM, glory is a distant past.","html":"For GM, glory is a distant past.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100350835,"gmtCreate":1643440410498,"gmtModify":1663242943745,"authorId":3479274804085724,"author":{"id":3479274804085724,"authorId":3479274804085724,"name":"blinkix","avatar":"https://static.tigerbbs.com/a70f12c6c7ca3e0f00f4b8fb561c5998","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9090294348,"type":1,"supId":0,"prevId":0,"content":"How much do you hate GM?Haha","text":"How much do you hate GM?Haha","html":"How much do you hate GM?Haha","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9090294348"}