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Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
Source: Reuters
BUSINESS NEWS OCTOBER 18, 2019 / 3:57 PM / UPDATED AN HOUR AGO
Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
Ben Klayman, Paul Lienert
7 MIN READ
WASHINGTON/DETROIT (Reuters) - General Motors Co (GM.N) plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.
The so-called BT1 electric truck/SUV program is the centerpiece of a planned $3 billion investment in the Detroit-Hamtramck plant to make electric trucks and vans, and part of a broader $7.7 billion investment in GM’s U.S. plants over the next four years, according to a proposed labor deal between the automaker and the United Auto Workers union.
The investments were made public by the UAW on Friday but no details were provided.
The investment would move the automaker into a part of the EV market that is largely untested and where GM has a higher likelihood of turning a profit, analysts said.
-snip-
Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
Ben Klayman, Paul Lienert
7 MIN READ
WASHINGTON/DETROIT (Reuters) - General Motors Co (GM.N) plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.
The so-called BT1 electric truck/SUV program is the centerpiece of a planned $3 billion investment in the Detroit-Hamtramck plant to make electric trucks and vans, and part of a broader $7.7 billion investment in GM’s U.S. plants over the next four years, according to a proposed labor deal between the automaker and the United Auto Workers union.
The investments were made public by the UAW on Friday but no details were provided.
The investment would move the automaker into a part of the EV market that is largely untested and where GM has a higher likelihood of turning a profit, analysts said.
-snip-
Read more: https://www.reuters.com/article/us-usa-autos-labor-evs-exclusive/exclusive-electric-hummer-could-be-part-of-gms-move-into-ev-trucks-suvs-sources-idUSKBN1WX2HZ
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