General Motors will invest $500 million into upgrades at its massive Arlington assembly plant to continue building future internal combustion engines for SUVs. ...
GM has an ambitious goal of becoming an almost entirely electric vehicle company by 2035. It has said it plans to invest $35 billion by 2025 to fuel that change.
The company plans to continue selling gas and diesel vehicles to assist in funding its emerging EV business. Pickups and SUVs now make up 90% of GM’s U.S. sales, according to Bloomberg Intelligence research. Urbanic said the Arlington investment “helps clarify what we’ve already disclosed as what our long-term plan is and made it very clear on what we need to do to get there. This is a step moving us in that direction.”
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.
GM to invest half a billion in Texas SUV plantGeneral Motors Co. said Thursday it plans to invest more than $500 million in its Arlington, Texas assembly plant to make future internal combustion-engine,...
Read more »
Harris County will launch guaranteed income pilot program with $500 monthly paymentsThe 18-month guaranteed income program is intended to help reduce persistent poverty in Harris County.
Read more »
Stimulus check update: Direct payment worth $500 to be sent to Minneapolis residents in 13 daysA guaranteed income program in Minneapolis processes its next payment to recipients today.
Read more »
Stimulus check update: Direct payment worth $500 to be sent to Minneapolis residents in 12 daysA guaranteed income program in Minneapolis processes its next payment to recipients in 12 days.
Read more »
Stimulus check update: Direct payment worth $500 will be sent in 13 daysA program sending $500 monthly payments to 305 families in Sonoma County, California, is sending its next payment to recipients 13 days from Thursday.
Read more »
GM invests $500 million to build large SUVs in Texas - AutoblogGeneral Motors is spending $500 million to upgrade the factory in Texas that builds the Chevy Tahoe, Suburban, GMC Yukon and Cadillac Escalade.
Read more »