- GM is becoming one of the last major U.S. automakers to enter the hybrid market after a large electric vehicle bet failed to pan out.
- Toyota has used hybrids to narrow the gap in U.S. auto sales with GM over the past year.
- Rising gasoline prices are prompting the shift to hybrid technology.
- GM is seeking help from artificial intelligence to design new vehicles faster, with a stated target of as little as 2 years.
- The AI push targets competition from Chinese automakers that introduce vehicles very quickly.
Quotes
“After a big bet on electric vehicles that has failed to pan out, General Motors is becoming one of the last major U.S. automakers to enter the hybrid market”