GM's Plans for EV Don't Slow Down

GM's EV plans will remain "untouched" amid halted production and financial chaos.

Last week, General Motors posted a drop of 87 percent related to Q1 2020 net income. This is due to the fact that the automaker – much like all related companies – has been on a lengthy shutdown forced by the coronavirus outbreak.

With that said, GM was the only Big Three automaker to show improvement in North America, as well as a profit for the first quarter of this year, though it was small ($294 million). Ford reported a loss of $2 billion while FCA lost $1.8 billion. Since then, GM CFO Dhivya Suryadevara made it public that the automaker's ongoing investment in electric cars and autonomous vehicles will remain "untouched." …