GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit
The Detroit automaker during an “EV Day” on Wednesday provided unprecedented details about its plans, including unveiling about a dozen of its upcoming products and announcing spending of more than $20 billion over the next five years on all-electric and autonomous vehicles.
“We thought it was time for people to understand that General Motors has a leadership position in electrification and we’re moving fast,” GM Chairman and CEO Mary Barra told reporters.
GM shares closed Thursday down 3.4% to $30.10, which more than wiped out their gain Wednesday, when they closed up 3.3% at $31.53. The company’s stock is down more than 23% in the past year, including a slide of about 18% so far this…