GM Earmarks $4 Billion for New ICE Car Factories ...Middle East

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GM Earmarks $4 Billion for New ICE Car Factories
source : OILPRICE ( Middle East ) () 72
General Motors will be investing $4 billion in new manufacturing capacity for internal combustion engine vehicles, signaling cooling interest in electric cars. The investment will be spread over two years. “The new investment will give GM the ability to assemble more than two million vehicles per year in the U.S.,” the company said in its news release, saying the investment move is a response to “continued strong demand” for full-size SUVs and light-duty pickup trucks. The decision to expand ICE vehicle manufacturing seems…

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