GM | General Motors Company
General Motors is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet,Buick,GMC,Cadillac, Baojun and Wuling brands.
Both companies are firing on all cylinders right now.
Perhaps not since 9/11 has there been a July 4th weekend that is more important for Americans to celebrate than this year.
Everyday it seems to be something new with electric vehicle industry leader Tesla (NASDAQ:TSLA), and one has to wonder if investors are starting to lose patience.
Both of these historic automotive countries have some growth in them, as they try to play catch up in the electric vehicle sector.
The work agreement marks the end of a tumultuous path that saw Nikola lose its founder and CEO Trevor Milton after accusations of fraud and lying about its technology, led to Milton stepping down from his position.
The decision is expected to cost the company a hefty amount of $1.2 billion
The company now plans to invest $27 billion on EV projects, as compared to $20 billion it initially revealed
Wall Street is applauding GM for what it gets out of the agreement with Nikola.
