GM Considers Expanding Into Electric-Flying Air-Taxis [zero hedge]
General Motors Company (GM)
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Source: zero hedge
GM Considers Expanding Into Electric-Flying Air-Taxis Tyler Durden Thu, 09/17/2020 - 11:50 Like an elderly man wobbling into a party and trying to fit in with young kids by using "hip new lingo", General Motors - days after seeing its partnership with Nikola come under fire - has now come out and said it is going to now be exploring options in the "aerial taxi" market. This is, of course, a market that hardly exists. But it certainly sounds cool, doesn't it? GM will be looking at potentially building the "aerial cars" as part of a broader initiative looking for growth in related transportation markets , according to CNBC . General Motors CEO Mary Barra alluded to the idea on Monday of this week, claiming that the production of such vehicles could fit with the company's plans to develop electric vehicles and its Ultium electric battery. She said at the RBC conference: “We believe strongly in our EV future and not just for vehicles.” She continued: “The strength and flexibility of our U
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