GM: The future is all-electric

Oscar PerryОкт 03, 2017

This was confirmed earlier today by the company at a press conference in Detroit.

The event was billed as a "sneak peek" into GM's electric future. The company is rolling out SURUS - the Silent Utility Rover Universal Superstructure - a fuel cell powered, four-wheel steer concept vehicle on a heavy-duty truck frame that's driven by two electric motors.

"Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles through no-compromise solutions that meet our customers' needs", Mark Reuss, the company's executive vice president of product development, said in a statement.

GM joins a growing list of manufacturers who have, in recent months, announced plans to greatly expand their range of battery and fuel-cell vehicles.

Competition. If GM doesn't join the electric auto push, it risks being left behind by Tesla, which is leading the way in electric vehicle innovation, and other companies such as Ford, Nissan and Volvo that are working toward more electric options. GM has said in the past that it thinks fuel cells make sense in applications where battery packs would be too big and heavy, or when recharging times are critical - heavy trucks, for example, or vehicles used by first responders, which can't afford to be out of service for hours to recharge.

GM is intentionally being vague about its plans for switching to an all-electric powertrain strategy, but it is clearly planning to amp up its offerings in the relative near-term.

Читайте также: Buy iPhone 8 and 8 Plus with 70 % buyback offer

The news helped push GM's stock up 4.4 percent to a record closing price of $42.16 on Monday, besting the old high of $40.99 set on December 20, 2013. And he said GM did not expect to be hurt financially by a move toward electric models, which can carry higher price tags than comparably sized gasoline-powered vehicles.

California-based Tesla was among the first to break into the market for electrical vehicles.

It seems like General Motors is going to add more to the plans of a greener environment where cars are usually hybrid or electric.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

GM's Brownstown Battery Assembly plant south of Detroit is to begin producing a fuel cell system through a previously announced joint venture with Honda Motor Co.in 2020. The Motley Fool has a disclosure policy.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related Articles:



« Previous article


Popular Pages

Former army officer elected Ukip leader
On his personal website, Bolton says he will "resume Nigel Farage's legacy by restoring UKIP's relevance and authority". Bolton reportedly said he was "fine" with the new design. "I abhor the rhetoric that we are at war with Islam".

Four college basketball assistants charged in fraud case
At that meeting they began discussing Player-3 and the access to him that Evans could provide. He will be staying with us as the associate head coach at Oklahoma State University.

Pro-Trump accounts tried to frame left-wing activist for Las Vegas shooting
It has since been taken down, but not before it managed to go viral - and Facebook should be partially to blame for that. Google dredged up a search result from internet cesspool 4chan that named the wrong man as the killer.

Prince Harry And Meghan Markle Look Adorable At First Public Appearance Together
We've been waiting so long to see Meghan Markle and Prince Harry together and the first photos of the pair do not disappoint. They kept laughing because the contestants know each other, so there was banter between them - they were laughing at that.

Puerto Rico after Maria: What you need to know
Trump on Wednesday acknowledged his administration is considering lifting the Jones Act to speed up aid to the island. Many people are unable to work or run businesses because there's no electricity, or diesel to fuel generators.

Facebook, Twitter, Google Invited for November 1 Senate Hearing
Warner in remarks to reporters called Twitter's statements "deeply disappointing" and "inadequate on nearly every level". RT paid to promote 1,823 tweets that potentially were directed toward the USA market of users, Twitter said .

5 tips for Federation Internationale de Football Association 18 beginners on Xbox One
As per Shortlist , anyone who shares the name with "The Journey" star Alex Hunter is eligible to get the game for free off GAME. Electronic Arts has removed the Denuvo anti-tamper tech from one of their most popular games, Mass Effect: Andromeda.

Watch out, Amazon! Google is building 'Manhattan' to compete with 'Echo Show'
If Google releases its own Echo Show competitor, the company would finally be able to deliver a YouTube experience that it wants. Just days ago Google removed the YouTube app from the Echo Show's catalogue , instantly making Amazon's tabletop less appealing.

GoPro Hero 6 Black shoots faster 4K video than your DSLR
While most VR cameras include some odd spots of a tripod or extension pole, Angel View is created to hide the included grip. This will include the OverCapture feature on the day of launch, so you won't necessarily have to wait for the app's update.

Hezbollah says Kurdish vote a step towards wider Mideast partition
The Iraqi government on Friday suspended all global flights to and from the Kurdistan region, the BBC reported. Iraqi Kurds overwhelmingly voted in favor of independence in a referendum on Monday, which Mr.