VWAGY - GM hits back on Trump effort to bar California emissions standards - Reuters

With intention to work with President-elect Joe Biden, who has made boosting electric vehicles a top priority, General Motors ([[GM]] +4.4%) will no longer back the Trump administration’s effort to bar California from setting its own emissions rules in an ongoing court fight.GM Chief Executive Mary Barra said in a letter to environmental groups it was “immediately withdrawing from the preemption litigation and inviting other automakers to join us.”Barra spoke to California Governor Gavin Newsom and said in her letter she believes “the ambitious electrification goals of the president-elect, California, and General Motors are aligned, to address climate change by drastically reducing automobile emissions.”GM has laid out an ambitious strategy to boost EV sales. It plans to increase spending on future electric models by 35% to more than $27B, It is also spending $2B to transition Tennessee plant for electric vehicles and is converting Detroit-Hamtramck plant to produce only electric vehicles.In 2019, GM

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GM hits back on Trump effort to bar California emissions standards - Reuters