GM to invest $340 million in gas cars as EV demand plummets [Business Insider]
General Motors Company (GM)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in GM is investing $340 million in two facilities to build its popular gas cars. EV sales "didn't go as quickly as we thought it was going to," an executive told Business Insider. Overall, the company has invested $6 billion in US facilities in the past 12 months. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. How will GM's investment affect jobs? How does GM plan to boost gas car sales? How does global competition impact GM? What factors led to EV demand slowdown? What challenges do EV makers face now? General Motors is making a fresh $340 million investment in its US plants. Loading audio narration... The latest investments will help ramp up pro
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News
- General Motors CEO announces $830 million investment in domestic car manufacturing [FOX News]FOX News
- Ford books $1.3 billion tariff refund, lifting profits despite falling volumes [Business Insider]Business Insider
- News of the day: Bank of Canada decision, economists' reaction, GM investment, AI risks, illusion of diversification and more [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Gemini Feature in GM Cars Could Let Drivers Check Fuel Prices [CNET News]CNET News
- General Motors (NYSE:GM) (TSE:GMM.U) had its price target lowered by Mizuho from $105.00 to $100.00. They now have an "outperform" rating on the stock.MarketBeat
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- 4/28/26 - Beat
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Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/28/26 - Form 10-Q
- 4/28/26 - Form 8-K
- GM's page on the SEC website