General Motors relies on crude-oil profits to fund $20 billion EVs - Business Insider

, with GM no different than any of its rivals.

It would be a mistake to think that the company's new focus on electric vehicles is part of an overall strategy to shift the company away from a reliance on fossil fuels. In fact, like Ford and Fiat-Chrysler, General Motors has followed its corporate colleagues in the exact opposite direction,In 2019, General Motors sold just over 2.8 million vehicles in the United States., with a fairly even split right down the middle between people movers and pickups.

An overall strategy aimed at reducing the effects of fossil fuel consumption on global warming and resource depletion would take the form of a cohesive hybrid, battery-electric, and fuel-efficient sedan and hatchback lineup. Instead, GM has doubled down on its most egregious environmental offenders in a parallel program to its EV efforts.General Motors has placed itself at a crossroads.

At the same time, GM's brain trust isn't going to turn its back on the lucrative advantage it enjoys in America's most popular vehicle segments. With few other options as automakers the world over squeeze sedans from the showrooms, buyers are turning in droves to trucks and SUVs, and General Motors wants and needs every last dollar it can get before the music stops and the lights go out on the sport-utility party.

How can we be so sure? Because this has all happened before. The Chevrolet Volt mentioned above was intended to be the tip of the electrification spear

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Inside Trump's relationship with multi-level marketing company ACN - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Can't make this shit up. Just read your hit piece on the laptop. 'Conservative Tabloid', 'Trumps personal Lawyer', 'Trumps handpicked DNI', Ron Johnson, Staunch Trump Ally'....paint that narrative. FBI says nothing to add. The laptop is real. Hunter even signed for the drop off. The media is scary.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

A tour inside a 3D-printed home that took one week to build - Business InsiderThis company is building 3-D printed, small homes on existing residential properties to fight back against California's housing shortage. Look inside a unit that was move-in ready in one week.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Sumber: Forbes - 🏆 394. / 53 Baca lebih lajut »

31 Products Under $20 From Walmart That Mean BusinessFrom the smoothest pens even to fast-acting medicine for cramps, here you'll find dozens of buys that will work wonders in your life.
Sumber: BuzzFeed - 🏆 730. / 51 Baca lebih lajut »

Snap stock soars after the Snapchat owner smashes profit and user-growth forecasts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »