sabreW4K3@lazysoci.al to

Automotive Industry@discuss.tchncs.deEnglish · 5 months ago

GM had $6 billion to spend on EVs, chose stock buybacks

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GM had $6 billion to spend on EVs, chose stock buybacks

sabreW4K3@lazysoci.al to

Automotive Industry@discuss.tchncs.deEnglish · 5 months ago

cross-posted to:
[email protected]

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.

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nehal3m@sh.itjust.works
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5 months ago
Exactly so they shouldn’t have bailed anyone out in the first place.