GM Announces $4 Billion Investment to Make More Gas-Powered Vehicles

Date:

Citing a slowdown in EV sales, the company is ramping up internal combustion product plants in Michigan, Kansas, and Tennessee.

General Motors is investing about $4 billion in U.S. manufacturing to expand production of internal combustion engine vehicles amid slower-than-expected electric vehicle sales.

On June 10, the Detroit automaker announced plans to expand finished vehicle production at facilities in Michigan, Kansas, and Tennessee. In a statement, GM said those upgrades will allow those three production facilities to increase their combined output by about 2 million vehicles annually.

spot_imgspot_imgspot_img

Share post:

More like this
Related

USIran Talks Scheduled in Switzerland for June 21, Says Mediator Pakistan

A flag flutters on the Swiss Parliament Building (Bundeshaus),...

Allbirds Appoints New CEO, Changes Name Again Amid Shift to AI

An exterior view of an Allbirds store, a maker...

Nestl USA Completes Removal of Artificial Dyes From Its US Food, Beverage Lineup

A logo is pictured on the Nestle research center...

I Retired at 52Here Are the Three Things I Would Do Differently

Early retirement success depends as much on lifestyle planning...