- October 2, 2021
- Posted by: Stratford Team
- Category: Business
DETROIT, Oct 1 (Reuters) – General Motors Co (GM.N) plans to position itself as a technology platform company that is as focused on software as it is on making electric vehicles when it meets with investors next week, including revealing a scheduled rollout for at least 20 EVs in the United States over the next several years.
The No. 1 U.S. automaker has said it will talk on Wednesday about its growth strategy, EV and software platform advantages, its self-driving vehicle business and the related financial road map as it seeks to draw new investors and a valuation closer to that of EV market leader Tesla Inc (TSLA.O). A spokesman declined to disclose further details.
GM executives will provide a more detailed look at the company’s plans to spend $35 billion through 2025 on EVs and autonomous vehicles, and will give revenue and profit margin growth targets for the five-year period after that, according to people familiar with the plans, who asked not to…