General Motors Shows Interest To Hybrid Again
GMGM(GM) Gurufocus·2024-10-10 00:47

Maybe we're not ready to shift to fully electric vehicles. It is reported that Ford Motor (F, Financial) had lost billions of dollars with their EV (electric vehicles) production and General Motors (GM, Financial) announced a renewed interest in hybrids as their EVs don't sell as they researched earlier. GM has experienced difficulties with their EV sales and has decided to give up on their “Ultium” EV batteries brand. They also reduced inventories in China and restructured their EV arm. But Mary Barra, the ...