Business
GM’s move the beginning of the end for petrol cars – Sydney Morning Herald
GM’s tilt to electric marks the start of what is sure to be a domino effect in the US car industry.
To be fair GM covered its backside by stating the end of the petrol engine car production is the roadmap – not a guarantee.
The more reliable element of its statement is the $US27 billion ($35 billion) giant says it will invest in manufacturing capability and electric battery plants over the next four years. This is well in excess of the capital invested in its incumbent product manufacturing.
Thats more of a swivel than a pivot.
In less than five years 40 per cent of the US models it produces will…
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