GM’s actions in Russia will play out over the next nine months and includes halting operations at its assembly plant in St. Petersburg by the middle of this year. Two years ago, GM began a $1 billion expansion of the facility.
The Trax takes aims at two sets of buyers, empty-nesters looking to downsize and young people buying their first new car. It is an approach that has played to varying degrees of success over the years.
GM’s weakness in Europe comes against an otherwise outstanding fourth-quarter financial report from the automaker. The period marked GM’s 20th consecutive quarter of profitability since its 2009 bankruptcy.
Electric cars simply are more convenient than gasoline cars and will only become more so. My electric car is always full. This is because I plug it in every night. I almost never have to take it to the garage, because upgrades/fixes are downloaded overnight....More