GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
electrek.co GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion
Despite delays and mounting competition from Ford, Stellantis, and the Chinese, the GM board decided to NOT invest $6 billion in new product.
![GM had $6 billion to spend on next-gen EVs, chose stock buybacks | opinion](https://lemmy.world/pictrs/image/38128cfd-2be5-4651-a4a7-cfc623e320a5.jpeg?format=webp&thumbnail=256)
Someone ought to make a clown applying makeup on how GM is handling the transition to EVs...
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Why would they? They'll just get bailed out again like they do every 20-30 years.
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