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Lordstown Motors recants claim it has binding orders; shares tumble

Lordstown Motors recants claim it has binding orders; shares tumble
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EXCLUSIVE GM to boost spending on electric vehicles 30%, add two new battery plants -sources

David Shepardson 1/3 The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook Read More WASHINGTON, June 15 (Reuters) - General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry.

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Exclusive: GM to boost spending on electric vehicles 30%, add two new battery plants - sources

Exclusive: GM to boost spending on electric vehicles 30%, add two new battery plants - sources By David Shepardson Reuters WASHINGTON (Reuters) - General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry.

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Exclusive: GM to boost spending on electric vehicles 30%, add two new battery plants

Exclusive: GM to boost spending on electric vehicles 30%, add two new battery plants - sources Reuters 3 hrs ago By David Shepardson WASHINGTON (Reuters) - General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry.

Spring hillUnited statesSouth koreaSouth koreanRichard nealDavid shepardsonMatthew lewisMark reussNancy pelosiJoe bidenFrank palloneDebbie dingellDan kildeeMary barraLg energy solutionCommerce committee

GM to boost spending on electric vehicles 30%, add two new battery plants - sources

GM to boost spending on electric vehicles 30%, add two new battery plants - sources
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Spring hillUnited statesSouth koreaSouth koreanDavid shepardsonRichard nealMatthew lewisMark reussNancy pelosiJoe bidenFrank palloneDebbie dingellDan kildeeMary barraLg energy solutionCommerce committee