1. Goodbye, gas guzzlers
General Motors plans to introduce 30 new electric vehicles by 2025 and to phase out internal combustion engines by 2035. CEO Mary Barra’s announcement, a day after US President Joe Biden signed an executive order on climate change, blindsided rivals in an industry that usually presents a united message on emissions. Behind Barra’s decision, says The New York Times, is Biden’s determination to fight climate change; Wall Street, which thinks Tesla is worth more than GM, Toyota, Ford and Volkswagen combined; and China, the biggest car market, which has set a 15-year deadline for most new cars to be electric...
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