fastheadcrab@alien.topBtoElectric Vehicles@gearhead.town•GM wants you to know that it’s also unhappy with the slow pace of its EV businessEnglish
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11 months agoThey just authorized $10 billion of stock buybacks, aggressive spending cuts on EVs and their autonomous driving division (Cruise cuts are understandable though given recent news), and basically delayed plans for any potential increases in spending.
Their actions tell you exactly what their priorities are. Ultimately they are behold to beancounters inside and out of the company, and they will do anything to cut costs even if it turn out to be short-sighted.
Just what is the source of this data? How was it calculated? Since this comes from a company it would be good to see the underlying methodology.