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Toyota Invests in Flying Taxis
According to a recent report published in the highly reputable Automotive News, Japanese automaker Toyota will invest approximately $900 million USD in Joby Aviation
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Toyota Invests in Flying Taxis
According to a recent report published in the highly re...
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Éric Descarries
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GM invests US$4 billion in its plants
Éric Descarries
Hits: 669
American giant General Motors has announced plans to invest up to US$4 billion in three of its U.S. factories to meet consumer demand for gasoline-powered vehicles. GM is repatriating the production of some lower-priced models from its plants in Mexico. The models involved include the Chevrolet Blazer, Equinox, Silverado (and GMC Sierra), which will be redirected to underutilized facilities.
However, completing the operation will take more than two years. GM does not necessarily justify these changes as simply complying with tariffs imposed by President Trump but wishes to demonstrate that relocating, even just the tooling, requires far more time than one might expect. Meanwhile, GM is delaying the opening of a new electric vehicle plant due to declining consumer interest in this type of vehicle, despite having seen some success in the segment.
(Photo GM)
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