Replies to post #22754 on The Rising Influence of Rising Affluence

[semi_infinite]

Do you agree that something like that is doable and can it be done at others like F?

[DewDiligence]

GM, Honda ink broad collaboration:

https://www.wsj.com/articles/gm-honda-deepen-ties-plan-joint-vehicle-development-11599146480

[DewDiligence]

GM talking big numbers for EV investment:

https://www.wsj.com/articles/gm-ups-bet-on-evs-as-investors-swoon-for-electric-cars-11605809368

The nation’s biggest auto maker by sales said Thursday that it will spend $27 billion through 2025 to develop electric and driverless vehicles. That is up from a $20 billion figure that GM pegged in March, days before the Covid-19 pandemic forced the industry to shut its North American factories and touched off an industrywide cash crisis.

GM’s new spending target represents more than half of its planned capital expenditures through mid-decade, even though electric and driverless vehicles today account for around 2% of the company’s global sales, roughly mirroring the broader market. Electric vehicles generally have been money losers for car companies because of their high battery costs, although GM has said its next generation of electric cars will be profitable.

… GM said Thursday that it is working to get some electric models to market earlier than initially planned, including a Cadillac SUV, the Lyriq, which will hit showrooms by early 2022, nine months ahead of schedule…

…GM said 40% of the vehicles it will sell in the U.S. by mid-decade will be fully electric.

Really?