Mexican Media Brands
Balance of GM Spending Will Shift to EVs
CEO Mary Barra says General Motors Co. will spend more to develop and promote electric cars over the next five years than it does for piston-powered vehicles.
#hybrid
Share
CEO Mary Barra says General Motors Co. will spend more to develop and promote electric cars than to do the same for piston-powered vehicles.
Still, Barra tells analysts that gasoline vehicles will continue to dominate GM sales over the next 20 years, even as research and development efforts accelerate for EVs, Reuters reports.
Barra acknowledges that EVs, noted for their far simpler powertrains, will require “somewhat less” labor to build than conventionally propelled vehicles. But she insists that the carmaker’s engine and transmission facilities face no immediate threat.
The question of jobs was a sensitive one during contract talks with the United Auto Workers union. The UAW’s 42,000 GM workers ratified a new four-year agreement on Friday after a 40-day strike of the company’s U.S. facilities.
Analysts say GM granted higher labor costs in exchange for more flexibility in how it deploys its production assets in the U.S.
RELATED CONTENT
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
Aluminum Sheet for EV Battery Enclosure
As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions
-
Study: Nearly 60% of EV Sales in 2035 Will Be in China
Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.