• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
TechGeneral Motors

GM’s Electric Car Ambitions Are Reshaping the Company

By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
February 19, 2016, 10:58 AM ET
Detroit Hosts Annual North American International Auto Show
DETROIT, MI - JANUARY 12: General Motors reveals the new Chevrolet Bolt concept to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan. More than 5000 journalists from around the word will see approximately 45 new vehicles unveiled. The 2015 NAIAS opens to the public January 17th and concludes January 25th. (Photo by Bill Pugliano/Getty Images)Photograph by Bill Pugliano — Getty Images
Add Fortune on Google for similar content.

Half of the 8,600 designers and engineers who work on the products and controls that make GM cars and trucks move—literally—are involved with alternative and electric propulsion systems.

The statistic, which was disclosed as part of a larger announcement renaming the company’s powertrain division, illustrates the company’s shift over the past several years towards electric and plug-in hybrid electric cars and some dabbling in fuel cells as well. The automaker announced this week that after 24 years it was renaming GM Powertrain to GM Global Propulsion systems to better reflect its portfolio of vehicles.

“The new name is another step on our journey to redefine transportation and mobility,” Mark Reuss, executive vice president of global product development, said in a release.

To be clear, the vast majority of the 9.8 million vehicles GM (GM) sold globally in 2015 are gas powered. And the important word in its employee statistic is “involved,” which means half of its workforce touches alternative or electrified products in some way. It doesn’t mean that half is dedicated solely to electric or hybrid systems. For example, an engineer could spend as little as 5% to 10% of his or her time on a specialized belt for a belt alternator starter hybrid system while a battery development engineer dedicates 100% of their efforts to electrification, GM spokesman Tom Read says. He didn’t have a figure of how many are dedicated 100%.

Get Data Sheet, Fortune’s daily newsletter about technology

But in recent years, the Detroit-based automaker has increased its investment and resources in the design and production of electric vehicles and plug-in hybrids, even though sales are consistently outpaced by the company’s gas-powered SUVs, crossovers, and trucks.

It’s a development that would be considered surprising just seven years ago when GM, criticized for being a slow, out-of-touch behemoth, filed for bankruptcy and was then bailed out by the U.S. government.

GM partners with Lyft to develop self-driving cars:

GM’s portfolio isn’t chock-o-block full of hybrids and all-electric vehicles. Still, the options have steadily ramped up in the past five years. In late 2010, the plug-in hybrid Chevy Volt hit the U.S. market. The Chevy Volt did see a drop in sales in 2015. However, sales surged towards the end of the year—and the streak continued in January—due to demand for the next generation 2016 Chevy Volt. GM reported a 41% increase in deliveries in January, compared to the same month last year.

GM’s next big electric vehicle project is the Chevrolet Bolt EV, which was introduced as a concept in 2015 at CES, the annual consumer electronics show in Las Vegas. GM Chairman and CEO Mary Barra returned to CES this year to show off the production model of the Chevy Bolt. The Chevy Bolt will have a 200-mile range and is expected to cost around $30,000 after government clean energy incentives. The battery pack is incorporated into the car’s chassis and is mounted beneath the passenger cabin, allowing designers to give the Bolt a flat interior floor. The battery will reach an 80% charge in around 60 minutes—or about twice as long as Tesla Motors’ supercharger. In February, Barra unveiled a similar electric car, the Opel Ampera-e, for Europe.

Daimler Is Making Its Managers Drive Hybrid, Electric Cars

Tightening emissions laws are providing much of the motivation for major automakers, GM included, to develop electric vehicles. But the automaker also says it sees an opportunity to use the plug-in hybrid Chevy Volt, and possibly even the Chevy Bolt, as self-driving vehicles that can be used as an autonomous transportation-as-a-service.

Earlier this year, GM invested $500 million in ride-hailing app Lyft and purchased the remaining assets and technology of the now defunct ride-hailing startup Sidecar. The company says it wants to develop a network of self-driving cars within Lyft’s service that can shuttle passengers around town without a driver.

About the Author
By Kirsten Korosec
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Tech

Sundar Pichai, chief executive officer of Alphabet Inc.
AIAlphabet
Anthropic and SpaceX just handed Google the biggest profit quarter in company history—on paper
By Eva RoytburgJuly 22, 2026
4 hours ago
‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’
Real EstateHousing
‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’
By Tatiana SatauaJuly 22, 2026
7 hours ago
As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned
AIChina
As Washington panics about Chinese AI, Jensen Huang says open-source models like Kimi are ‘excellent’ and should be embraced, not banned
By Marco Quiroz-GutierrezJuly 22, 2026
7 hours ago
OpenAI CEO Sam Altman sits next to U.S. President Donald Trump.
AITech regulation
OpenAI’s rogue hacking incident was a warning shot. Will it be a wake-up call to finally create AI safety regulation?
By Jeremy Kahn and Emily ForliniJuly 22, 2026
7 hours ago
Man holding his hands open
InvestingStock
A new group of stocks is transforming global equities markets. Meet ‘Memi,’ the $3 trillion sector fueled by AI’s insatiable hunger for memory chips
By Amanda GerutJuly 22, 2026
8 hours ago
Sam Altman getting into a car
CybersecurityOpenAI
OpenAI’s models went rogue and hacked Hugging Face. It’s a wake-up call, experts say, but more concerning behavior may be next
By Beatrice NolanJuly 22, 2026
8 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
11 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.