General Motors will invest $500 million into upgrades at its massive Arlington assembly plant to continue building future internal combustion engines for SUVs. ...
GM has an ambitious goal of becoming an almost entirely electric vehicle company by 2035. It has said it plans to invest $35 billion by 2025 to fuel that change.
The company plans to continue selling gas and diesel vehicles to assist in funding its emerging EV business. Pickups and SUVs now make up 90% of GM’s U.S. sales, according to Bloomberg Intelligence research. Urbanic said the Arlington investment “helps clarify what we’ve already disclosed as what our long-term plan is and made it very clear on what we need to do to get there. This is a step moving us in that direction.”
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