GM set to hike spending plans, rollout for EVs, report says

GM also is expected to discuss a new timeline for many of the EVs to follow those already identified, such as the GMC Hummer EV pick-up and Cadillac Lyriq crossover (pictured).

By:

BEN KLAYMAN and DAVID SHEPARDSON

By:

Reuters

November 18, 2020 12:05 PM

DETROIT -- General Motors plans to roll out details of an expanded and accelerated electric vehicle strategy on Thursday in an effort to convince investors it can be a serious competitor to Tesla Inc., people familiar with the plans told Reuters.

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