As of January 1, consumers can lease electric vehicles and qualify for up to $7,500 in commercial clean vehicle tax credits.
Joins growing list of carmakers embracing electrification.
Buick dealers must invest $300,000 to $400,000 to sell and distribute the OEM’s EV lineup.
GM has recalled 140,000 Chevrolet Bolt electric vehicles in North America over a potential fire risk when seat belt pretensioners deploy in a crash.
Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively.
Details of CX-90 to be fully revealed in January.
The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.
Magazine cites in part the model’s appeal to existing truck owners.
The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
