GM To Invest $3 Billion To Build Electric Trucks and SUV's In Detroit

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GM formalizes electric future investment

General Motors confirmed its plans to invest $3B in all-electric truck and SUV production. The investment amount includes GM's plans to develop an autonomous vehicle and dedicate the Detroit-Hamtramck plant to all-electric vehicle production.

"We are truly building the future today," noted GM President Mark Reuss at an event in Detroit marking the investment.