The Electric Car, or MPG "what me worry?" Message Board

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Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: kidl	8/19/2020 7:59:35 AM
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GM to make big push in China with new EVs Aug. 19, 2020 7:38 AM ET\|About: General Motors Company (GM)\|By: Clark Schultz, SA News Editor General Motors' (NYSE: GM) new China chief plans to overhaul the automaker's line-up in the nation with a greater emphasis on electric cars and smart-driving technology, according to Reuters. GM is looking to turn around a sales decline in China, where it typically derives almost a fifth of its profit. GM's Julian Blissett says he wants to renew the focus on luxury Cadillacs, green SUVs and cheaper entry-level micro EVs. "This market is rapidly electrifying. Cadillac is on a path to very heavy electrification. Buick is also going to heavily electrify," says Blissett. The overall goal is for GM is to get back to 4M unit sales a year in China. GM's big push in China comes with industry-wide auto sales in an improving trend in the region.

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