Locator: 48699GM.
GM: backpedals on EVs. Will invest "hugely" in V-8 engines. Are you kidding me. V-8 engines. Huge investment. Link here.
The plant, located in Buffalo, New York, will continue to produce the fifth generation of the engine while it prepares to start production on the new engines in 2027.
The engines, used in full-size trucks and SUVs, use new combustion and thermal management innovations to improve performance while reducing emissions.
The investment includes new machinery, equipment, tools and facility renovations, and builds on GM’s work to boost its manufacturing facilities in recent years, including a half-billion-dollar investment in its Flint engine plant in 2023.
The bean counters over at Ford and the Ford analysts have to be watching this very, very closely.
