General Motors Company (GM) is restructuring its global vehicle portfolio

Posted May 19, 2014

General Motors Company (NYSE:GM) has plans to restructure its global vehicle portfolio and will be rethinking manufacturing and collaborating with unlikely partners to advance the industry. GM will even partner with competitors such as Honda to build fuel cell systems and technology. GM is also partnering with non-governmental organizations like the BlueGreen Alliance, Union of Concerned Scientists, World Wildlife Fund and Ceres to create a greener economy.

“Our customer focus underscores why sustainability is and will continue to be a core strategy for GM,” stated CEO Mary Barra. “People care about more than the cars. They care how we build them, and how we engage with the world around us. This knowledge, and the discipline that flows from it, is transforming our approach to product design, manufacturing, safety, quality, the environment, customer care and a host of other areas at a remarkable pace.”

GM will reduce carbon emissions and increase fuel economy while meeting various customer needs. GM now has 5 models that achieve more than 40 miles per gallon. GM had 153,034 electrified vehicles on the road as of the end of 2013. GM’s goal is to hit 500,000 by 2017. Last year, GM launched two electrified vehicles: the Chevrolet Spark EV and the Cadillac ELR. These vehicles joined the Opel Ampera in Europe, the Chevrolet Volt, and the Chevrolet Springo EV in China.