AI & Machine Learning

GM to invest $340 million in gas cars as EV demand plummets

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General Motors is investing $340 million in two US facilities to boost production of gas-powered vehicle components, reflecting a slowdown in EV demand. This shift underscores the company's strategic recalibration as it continues to balance investments in both electric and traditional vehicles amid intensifying global competition from Chinese automakers.

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GM to invest $340 million in gas cars as EV demand plummets

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