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Speaking yesterday at the IHS CERWeek energy conference in Houston, GM CEO Dan Akerson said the company is now testing a 200-mile range electric car. The vehicle is one of two in development – the other is a 100 mile range car – and the researchers are evaluating the viability of each. “We’re actually developing
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General Motors will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is expected to close by the end of the year. It is part of the U.S. Treasury’s plan, also announced today, to fully exit its entire
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