GM TO INVEST $2.2 BILLION TO BUILD ELECTRIC VEHICLES
General Motors is spending $2.2 billion to refurbish an underused Detroit factory so it can build a series of electric and self-driving vehicles, eventually employing 2,200 people. GM said Monday that the factory will start building the company’s first electric pickup late in 2021, followed by a self-driving shuttle for GM’s Cruise unit. “Through this investment, GM is taking a big step forward in making our vision of an all-electric future a reality,” GM President Mark Reuss said.