DETROIT—General Motors Corp. recently announced that it will spend $27 billion on all-electric and autonomous vehicles through 2025, an increase of $7 billion, or 35 percent, from initial plans announced in March.
VANCOUVER, British Columbia—GreenPower Motor Co. Inc., a designer, manufacturer, and distributer of all-electric buses, has announced it achieved a revenue of $6.1 million for the fiscal year ended March 31, 2019, an increase of 73 percent over the previous year, and the largest in the company’s history.
DETROIT—Ford Motor Co. recently announced that it will eliminate about 20 percent of its workforce across Europe and close six factories in a sweeping overhaul aimed at reviving the money-losing region as the company also moves to prepare for the future of electric and self-driving cars.
FRANKFURT—Volkswagen is reportedly planning to sell an entry-level electric vehicle for less than 20,000 euros, or approximately $23,000. At a board meeting scheduled for November 16, executives will gather to discuss the automaker's plans to manufacture its I.D.-branded electric vehicles in place of its internal combustion offerings.
