Read between the lines:
Just saying.....
- GM bailed out by tax payers
- GM loaded up Product Development/Engineering
- Pioneered EV platforms
- Current EV's no longer, or never intended to be, competitive (compliance cars, test market...)
- GM understand, with experience, the EV "GAME" (old market, new market, production/processing, costs, ect...)
- Reducing overhead with plant closures, dropped vehicle lines
- Clearing dealer lots of small midsize lines - to be replaced with what? ev's, dealer incentivised charging infrastructure???? Already loaded with trucks/SUV's
- GM aware of large and small competitive actions, plans, rumors (Tesla, VW, BMW, ect...)
- GM announcement timing and lack of detail (end of year, no real logical path forward provided)
- Trump posturing himself, as if completely unaware of the GM announcement, sorrow for lost jobs/closure, but they better have something else, soon!
Just saying.....