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Strategies & Market Trends : stocks for medium & long-term hold durations

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Lou Weed

To: rimshot who wrote (259)	4/5/2022 7:41:13 PM
From: rimshot	1 Recommendation Read Replies (1) of 426

In a bid to beat Tesla in sales, General Motors and Honda said they will develop a series of lower-priced electric vehicles based on a new joint platform, producing potentially millions of cars from 2027. Read more behind the Reuters paywall - t.co excerpt - The announcement expands on plans for GM to begin building two electric SUVs for Honda starting in 2024 - the Honda Prologue and an Acura model. The automakers said the new deal is for "affordable" EVs, including compact crossover vehicles, built using GM's Ultium battery technology. The compact crossover is the biggest selling auto sector in the world with annual volumes of more than 13 million vehicles, the companies said. The companies declined to say how much they are investing as part of the new collaboration. GM Chief Executive Mary Barra said Tuesday at an Axios event the pricing will come in below the $30,000 price tag planned for the electric Chevrolet Equinox SUV. She said the new lower-priced vehicles would be "attainable EVs." She said the new vehicle is part of GM's plan to surpass Tesla in EV sales.

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