DETROIT The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it,
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The new GM company logo.
DETROIT General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs.
The 112-year-old Detroit automaker has promised to roll out 30 new battery-powered vehicles globally by the end of 2025 and said Friday that the new campaign will highlight its progressive vision for the future.
GM said the industry has reached a history-changing inflection point for mass adoption of electric vehicles.
The campaign comes as stock market investors are enthralled with companies that make electric vehicles. Shares of global EV leader Tesla Inc. have skyrocketed more than 800% in the past year, and the company’s market value has passed $800 billion. GM’s shares are only up slightly in the past year and its value is around $61 billion.
The Associated Press
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In this Monday, June 29 file photo, A Boeing 737 MAX jet taxis after landing at Boeing Field following a test flight in Seattle. Boeing will pay $2.5 billion to settle a criminal charge related to its troubled 737 Max jetliner.
Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service.
The government and the company said Thursday that the settlement includes money for the crash victims’ families, airline customers and a fine.
In Indonesia, the brother of two victims of the first Max 8 crash, Muhammad Rafi Ardian, 24, and Rian Ariandi, 24, said he hoped the case would be settled soon and that there would be no more crashes.
The Associated Press
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This Nov. 16 file photo shows the Federal Reserve in Washington. Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases.
WASHINGTON Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases.
The minutes of those discussions released Wednesday show wide support for adding language to the Fed’s policy statement to indicate that the purchases would continue “until substantial further progress” has been made toward the central bank’s maximum employment and price stability goals.
DETROIT Sales of new vehicles in the U.S. fell 14.6 percent last year, but a second-half rebound from a coronavirus-related plunge in the spring kindled op