DETROIT/WASHINGTON (Reuters) - General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday. Barra was responding to a question from an analyst on the No. 1 U.S...
Bottom line is that the development of new internal combustion engines is nearing an end. Mercedes-Benz posted a month ago that they were converting their internal combustion engine powertrain R&D facility to an EV R&D facility.