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Electric Vehicles@lemmy.worldEnglish · 5 months ago

GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion

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GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion

threelonmusketeers to

Electric Vehicles@lemmy.worldEnglish · 5 months ago

Despite delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to NOT invest $6 billion in new product.

Someone ought to make a clown applying makeup on how GM is handling the transition to EVs…

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5 months ago
“we don’t have money for raises. You see we took that profit you helped us make and gave it back to ourselves. Good luck” - CEO Mary Barra

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