What is expected to be called the Hummer pickup will go into production in late 2021. It will be followed in early 2022 by a version of the Cruise Origin, the fully driverless ride-sharing vehicle announced last week by Cruise, GM’s autonomous vehicle subsidiary.
The $2.2 billion that GM will spend on the Detroit-Hamtramck plant is part of a broader investment of $3 billion authorized. That includes a number of other projects supporting the automaker’s aggressive plan to “electrify” its vehicles. Late last year it said it would set up a factory in Lordstown, Ohio to build batteries, a joint venture with South Korea’s LG Chem worth $2.3 billion.
Some will be targeted primarily at the U.S., others at overseas markets, such as China. Many will be marketed worldwide.
I love how people are saying “trump is gonna take credit for this”. You’re damn right he is, as he should. GM struggled, even after the bailout and forced merger. This wouldn’t have happened if Hillary won the election
It’s about time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Camila Cabello Wore a $2 Million Necklace With $13 Foundation to the GrammysGive me diamonds and a discount!
Source: glamour_fashion - 🏆 119. / 63 Read more »
GM to invest $2.2 billion at Detroit factory to make electric trucks, SUVsGeneral Motors Co will invest $2.2 billion in its Detroit-Hamtramck assembly pla... Congratulations. CorporateEvolution EvolveorDie Very interesting! That is a Great Story and there must be more to it. Yea Hamtramck. Yea Detroit. Go get Tesla!
Source: Reuters - 🏆 2. / 97 Read more »
GM investing $3 billion to produce all-electric trucks, autonomous vehiclesGeneral Motors on Monday announced it will invest $3 billion for production of 'a variety' of all-electric trucks and SUVs, as well as the automaker's recently-unveiled Cruise Origin autonomous vehicle. Awesome 👍 😁🙏🇺🇸 I like to see Ford doing well also. great but they still pay their CEO insane amount of money and turn around and lay off 15k workers and close yet and factory hmmmm
Source: CNBC - 🏆 12. / 72 Read more »
GM investing $3 billion to produce all-electric trucks, autonomous vehiclesGeneral Motors on Monday announced it will invest $3 billion for production of 'a variety' of all-electric trucks and SUVs, as well as the automaker's recently-unveiled Cruise Origin autonomous vehicle. Awesome 👍 😁🙏🇺🇸 I like to see Ford doing well also. great but they still pay their CEO insane amount of money and turn around and lay off 15k workers and close yet and factory hmmmm
Source: CNBC - 🏆 12. / 72 Read more »