General Motors Opens Up The Money Vault In The Race To Catch Tesla

General Motors plans to roll out details of an expanded and accelerated electric vehicle strategy on Thursday in an effort to convince investors it can be a serious competitor to Tesla Inc., people familiar with the plans told Reuters.

GM CEO Mary Barra, who is scheduled to speak at a conference hosted by Barclays, is expected to say the automaker is ready to spend more on electric models by 2025 than the $20 billion previously outlined, the sources said.

Read Article