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Activist Investor Engine No. 1 says it will boost GM’s electric car push

Engine No. 1 invested in General Motors in the first quarter, but did not disclose the ideas behind the move.


Photo:

Rebecca Cook / Reuters

Engine No. 1 LLC, an activist investment company,

Exxon mobile Ltd

Said it was in favor on Monday

General Motors Ltd

Bid Leading the transition to electric vehicles..

In a white paper released Monday, the investment company said it believes GM and other traditional automakers have the scale and know-how to drive the adoption of electric vehicles. The investment company invested in GM in the first quarter, but did not disclose the ideas behind the move.

“Scale of [electric vehicle] The challenges of the transition go beyond what Tesla and other new entrants can overcome in the time frame they need, “the company wrote. “Existing automakers can be a central player in the transition to…. [electric vehicles] I am also fully motivated to do so. “

Write to Mike Collias Mike.Colias@wsj.com

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Activist Investor Engine No. 1 says it will boost GM’s electric car push

Source link Activist Investor Engine No. 1 says it will boost GM’s electric car push

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