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Electric cars

GM receives good news to counter Ford, Rivian and Tesla

GM receives good news to counter Ford, Rivian and Tesla

General Engines (GM) – Get the General Motors Company Report is lining up the pieces to counter and attack its rivals in the EV market.

The Detroit giant recently launched production of the long-awaited Lyriq SUV/crossover, the car intended to compete with Tesla’s (TSLA) – Get the Tesla Inc report Model Y SUV and Ford (F) – Get the Ford Motor Company report Mustang Mach-E SUV.

The Lyriq, Cadillac’s first electric vehicle, is ahead of schedule: GM aims to start delivering the first units before the middle of the year.