GM Plans To Launch Electric Rival to Tesla: Report

January 12, 2015

 
General Motors Co. is planning to launch a new electric car, which is expected to help the Detroit-based multinational automaker gain ground on Tesla Motors’ turf, a report said Friday, adding that the vehicle is likely to the hit the market in 2017. The new family-sized car, called the “Chevrolet Bolt,” will cost $30,000 and would…