General Motors to Roll Out Two Electric Cars

For now, though, GM isn't saying exactly when that purely electric future will be.

What's more, GM is confident that its work in developing pure battery electric vehicles has paid off in reducing costs of the technology.

Mark Reuss, GM's chief of global product development, talked about the company's new course at a media event in MI on Monday.

General Motors believes in an all-electric future.

Competition. If GM doesn't join the electric auto push, it risks being left behind by Tesla, which is leading the way in electric vehicle innovation, and other companies such as Ford, Nissan and Volvo that are working toward more electric options.

But with governments from China to California considering stiff regulations to encourage the production of emissions-free vehicles, GM is responding with big promises to shift its business more toward cars propelled by batteries and fuel cells.

Trump authorizes waiver to loosen shipping regulations for Puerto Rico
Even if the waiver helps speed cargo to the island, Puerto Rico is still struggling to move supplies around. That decision came only after days of public pressure from lawmakers - both Republicans and Democrats.

DirecTV reportedly offering refund on Sunday Ticket due to protests
The TV football package costs nearly $300 a season, though AT&T offers various promotions and monthly pricing options. In fact, many players have said that they will continue protesting, so this may be a sign of things to come.

'Nothing Less Than Historic': US Christens First Military Base Ever in Israel
Today (Monday), for the first time in history, the US Air Force inaugurated a permanent military base in Israel. A ribbon-cutting ceremony for the first-ever permanent US military base inside an Israeli Air Force base.

GM has a short-term plan to introduce two all-electric vehicle in the next year and a half. We can all be pretty sure that electric vehicles will be a significant part of whatever Hackett has to say, but Ford's problem is that, unlike GM, it needs to show a commitment to a new and rapidly evolving industry with some concrete idea of where it stands and where it's going.

He declined to specify what type of new models will be built off the Bolt's underpinnings, but the chief of G.M.'s electrification strategy, Pam Fletcher, said the company is focusing on the development of sport utility vehicles and car-based crossover models. SURUS is created to serve as the underpinnings for delivery vehicles, trucks or even applications like an ambulance.

GM shares jumped 4.5 percent to $42.19 in afternoon trading.

The all-electric and fuel cell vehicles represent a "two-pronged" approach to the automaker's vision of an autonomous, zero-emission future that was recently announced by GM CEO Mary Barra.

The new battery-electric vehicles will use a new-generation drivetrain that incorporates lessons learned from the Bolt, GM said.

The first 500 electric vehicles will be supplied to EESL in November and the remainder will be delivered in the second phase, it said. But while it has not set out a timeline, GM intends to go to 100% pure electric across the board, officials said. The Motley Fool has no position in any of the stocks mentioned.


Popular
  • Twitter says it has found 201 Russia-linked accounts

    Twitter says it has found 201 Russia-linked accounts

    News of the hearings comes among growing concern over the influence of Russian-operated fake accounts on social networks. Twitter also shared the ads purchased by the news site Russia Today , which is linked to the Russian government .
    Catalonia on streets after Spain's arrests

    Catalonia on streets after Spain's arrests

    All the arrested this week had been released by Friday, although six of them remain under investigation for allegedly helping in the logistics for the vote.
    Jimmy Kimmel: Sen. Bill Cassidy 'Lied Right to My Face'

    Jimmy Kimmel: Sen. Bill Cassidy 'Lied Right to My Face'

    While GOP leadership is still short of the votes needed to pass the legislation - introduced last week by, Sens. If not, he said, Cassidy should "stop using my name because I don't want my name on it".
  • Bale has missed nearly  half the minutes since he joined Real Madrid

    Bale has missed nearly half the minutes since he joined Real Madrid

    However, Madrid have yet to win at the Bernabeu this season, and Espanyol have pulled off some impressive draws this season. Cristiano Ronaldo is the only member of Real's famed "BBC" frontline to be available against Espanyol .
    Amazon Debuts 2nd Generation Echo Range of Devices; Alexa in BMW

    Amazon Debuts 2nd Generation Echo Range of Devices; Alexa in BMW

    This device has a built-in speaker but you can also connect external speakers using the 3.5mm jack or the Bluetooth. Amazon is also adding higher fidelity equipment to the next-generation Echo in an apparent response to the HomePod.
    Ex-Porsche executive arrested in Audi emissions probe

    Ex-Porsche executive arrested in Audi emissions probe

    Volkswagen said on September 29 it was increasing provisions related to its Dieselgate scandal by 2.5 billion euros. VW first admitted in September 2015 that it had used illegal software to cheat USA emissions tests.
  • Mattis says United States  effort on North Korea aims for diplomatic solution

    Mattis says United States effort on North Korea aims for diplomatic solution

    Mattis told reporters that he believed diplomacy and sanctions were so far succeeding in putting more pressure on Pyongyang. That includes economic sanctions.
    Julia Louis-Dreyfus wins sixth Emmy award for 'Veep' role

    Julia Louis-Dreyfus wins sixth Emmy award for 'Veep' role

    The Veep star sang about Trump in show host's, Stephen Colbert, opening song at the Microsoft Theater in Los Angeles, California . The political satire comedy show even managed to replace " Modern Family " on the Emmy stage in the best-comedy category.
    New Zealand jet fuel shortage leaves passengers stranded

    New Zealand jet fuel shortage leaves passengers stranded

    Fuel supplies have been rationed and airlines are looking to refuel in Australia and elsewhere to keep long-haul services running. Mr McNaught said Auckland Airport had been hit the hardest because it was exclusively supplied by the Marsden Point pipeline.
  • Ukip elects Henry Bolton as the party's new leader

    Ukip elects Henry Bolton as the party's new leader

    Farage told Channel 4's Michael Crick that he voted for Bolton, describing him as the "most competent" candidate in the running. Mr Etheridge was one of a number of UKIP MEPs who had threatened to quit the party if bookies favourite Ms Waters had won.
    Penn State Stays Perfect Behind Saquon Barkley and Some Last-Second Magic

    Penn State Stays Perfect Behind Saquon Barkley and Some Last-Second Magic

    On fourth-and-goal with 4 seconds left, McSorley found Johnson in the middle of the end zone for the game victor as time expired. Before Trace McSorley found Juwan Johnson for a crowd-silencing, walk-off score, the quarterback had to find his mojo.
    Cowboys' value climbs to $4.8bn atop Forbes' NFL list

    Cowboys' value climbs to $4.8bn atop Forbes' NFL list

    The team rose in value by 16 percent thanks to the opening of Mercedes-Benz Stadium and the sponsorship dollars committed. At nearly $5bn, Jerry Jones' team is the most valuable franchise in any sport worldwide.

CONNECT