GM announces it will make electric Corvette / Photo: Michael M. Santiago - GETTY IMAGES NORTH AMERICA/AFP
-
Australia all out for 152 as England take charge of 4th Ashes Test
-
Boys recount 'torment' at hands of armed rebels in DR Congo
-
Inside Chernobyl, Ukraine scrambles to repair radiation shield
-
Bondi victims honoured as Sydney-Hobart race sets sail
-
North Korea's Kim orders factories to make more missiles in 2026
-
Palladino's Atalanta on the up as Serie A leaders Inter visit
-
Hooked on the claw: how crane games conquered Japan's arcades
-
Shanghai's elderly waltz back to the past at lunchtime dance halls
-
Japan govt approves record 122 trillion yen budget
-
US launches Christmas Day strikes on IS targets in Nigeria
-
Australia reeling on 72-4 at lunch as England strike in 4th Ashes Test
-
Too hot to handle? Searing heat looming over 2026 World Cup
-
Packers clinch NFL playoff spot as Lions lose to Vikings
-
Guinea's presidential candidates hold final rallies before Sunday's vote
-
Villa face Chelsea test as Premier League title race heats up
-
Spurs extend domination of NBA-best Thunder
-
Malaysia's Najib to face verdict in mega 1MDB graft trial
-
Russia makes 'proposal' to France over jailed researcher
-
King Charles calls for 'reconciliation' in Christmas speech
-
Brazil's jailed ex-president Bolsonaro undergoes 'successful' surgery
-
UK tech campaigner sues Trump administration over US sanctions
-
New Anglican leader says immigration debate dividing UK
-
Russia says made 'proposal' to France over jailed researcher
-
Bangladesh PM hopeful Rahman returns from exile ahead of polls
-
Police suspect suicide bomber behind Nigeria's deadly mosque blast
-
AFCON organisers allowing fans in for free to fill empty stands: source
-
Mali coach Saintfiet hits out at European clubs, FIFA over AFCON changes
-
Pope urges Russia, Ukraine dialogue in Christmas blessing
-
Last Christians gather in ruins of Turkey's quake-hit Antakya
-
Pope Leo condemns 'open wounds' of war in first Christmas homily
-
Mogadishu votes in first local elections in decades under tight security
-
Prime minister hopeful Tarique Rahman arrives in Bangladesh
-
'Starting anew': Indonesians in disaster-struck Sumatra hold Christmas mass
-
Cambodian PM's wife attends funerals of soldiers killed in Thai border clashes
-
Prime minister hopeful Tarique Rahman arrives in Bangladesh: party
-
Pacific archipelago Palau agrees to take migrants from US
-
Pope Leo expected to call for peace during first Christmas blessing
-
Australia opts for all-pace attack in fourth Ashes Test
-
'We hold onto one another and keep fighting,' says wife of jailed Istanbul mayor
-
North Korea's Kim visits nuclear subs as Putin hails 'invincible' bond
-
Trump takes Christmas Eve shot at 'radical left scum'
-
3 Factors That Affect the Cost of Dentures in San Antonio, TX
-
Leo XIV celebrates first Christmas as pope
-
Diallo and Mahrez strike at AFCON as Ivory Coast, Algeria win
-
'At your service!' Nasry Asfura becomes Honduran president-elect
-
Trump-backed Nasry Asfura declared winner of Honduras presidency
-
Diallo strikes to give AFCON holders Ivory Coast winning start
-
Dow, S&P 500 end at records amid talk of Santa rally
-
Spurs captain Romero facing increased ban after Liverpool red card
-
Bolivian miners protest elimination of fuel subsidies
NYSE - LSE
GM announces it will make electric Corvette
US car maker General Motors announced Monday that it is developing an electric version of its Chevrolet Corvette.
"We will offer an electrified Corvette as early as next year," said the Detroit-based auto manufacturer in a statement. "Details and names to come at a later date."
"Yes, in addition to the amazing new Chevrolet Corvette Z06 and other gas-powered variants coming, we will offer an electrified and a fully electric" Corvette in the future, Mark Reuss, GM president said on the professional site LinkedIn.
The announcement comes as traditional automakers are in a race to produce more electric vehicles to compete with Tesla.
GM has set a goal of overtaking Tesla in electric vehicle sales, and to achieve that, it plans to invest $35 billion in electric and autonomous vehicles by 2025.
Although very popular with major manufacturers, electric vehicles currently only represent a small percentage of total car sales worldwide.
In the electric sector, GM collaborates with Japanese car maker Honda. At the beginning of April, they announced that they would co-develop a new line of electric vehicles at "affordable" prices, with production due to begin in 2027.
O.Gutierrez--AT
