Manufacturing

GM to lay out vision for autonomous vehicles

In June, General Motors CEO Mary Barra said the company had started testing the second-generation Chevrolet Bolt EV autonomous vehicle on public roads. (REUTERS)
November 10, 2017 05:00 AM

General Motors will share its "vision for an autonomous future" during an investor event on Nov. 30 in San Francisco, Calif.

GM CEO Mary Barra mentioned the meeting last month when reviewing the automaker's third-quarter earnings but did not provide details.

The event follows Barra earlier this year announcing a vision of an autonomous, zero-emissions future for the automaker. Last month, GM said it would launch a mix of at least 20 new all-electric and hydrogen fuel cell vehicles globally by 2023, including two in the next 18 months.

"We are committed to an all-electric future," Barra said during the third-quarter conference call, adding GM is "confident" it can make the vehicles profitable.

A GM spokesman declined to comment on details about the event outside of its announcement on the company's investor relations website.

GM shares have surged about 30 percent this year to record highs since the company began trading shares at $33 a share in November 2010. In New York Stock Exchange trading Friday, GM shares rose up 1.5 percent to $42.76 as of 3:03 p.m. ET.

The GM program will come roughly two months after crosstown rival Ford Motor Co. hosted investors for a review of newly appointed CEO Jim Hackett's vision for the company.

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