March 7, 2021
Business News

GM exec acknowledges Tesla’s lead in EV market: ‘They’re formidable competitors’ – Teslarati

General Motors Co. recently launched a $27-billion EV offensive to catch up with Teslas EV market lead, which GM executive Doug Parks recently acknowledged in a statement. Parks made the statement in a call before GM Chairman and CEO Mary Barra announced the companys goals in the EV market leading up to 2025. 
Parks is GMs Vice President of Global Product Development, Purchasing and Supply Chain. His acknowledgement of Teslas lead reveals much about the legacy automakers current mindset and its…

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