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Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night.
The vehicle is currently produced for the U.S. at a Canadian plant, where the automaker recently announced it would be investing about $1.3 billion to transition the facility for EVs.
Importing a vehicle from China to the U.S. is not unprecedented but can draw public and political criticism.

2024 Lincoln Nautilus

Ford Motor will import its next-generation Lincoln Nautilus from China to the U.S., the company said Monday night.
The midsize crossover is currently produced for the U.S. at Ford’s Oakville Assembly Plant in Ontario, Canada. The automaker recently announced it would be investing 1.8 billion Canadian dollars (about $1.3 billion) to transition the facility into a new electric vehicle hub.

This marks the first time Lincoln will import a vehicle to the U.S. from China.
Importing a vehicle from China to the U.S. is not unprecedented but can draw public and political criticism or backlash, especially when tensions between the two countries are high.
Most notably, General Motors has been criticized for importing its Buick Envision crossover from China to the U.S. since 2016. The Detroit automaker has sold more than 200,000 of the China-made vehicles, which American union officials have called the “Invasion” and “a slap in the face.”
Importing a vehicle from overseas to the U.S. can make good business sense, however, for a company such as Ford.

2024 Lincoln Nautilus 

“In this case, it’s a good use of resources,” said Stephanie Brinley, associate director of research at S&P Global Mobility. “Without importing, Lincoln does not get the product, and the brand needs products between now and when its EVs arrive.”

Brinley said the decision to import the Nautilus does not suggest a fundamental shift for future Lincolns for the U.S. market, noting the company continues to produce most of its vehicles for the U.S. market in North America.
“Lincoln is a global brand that is growing,” a Lincoln spokeswoman said in an email. “As we execute our U.S. manufacturing growth plans, we think it makes sense to centralize Nautilus production in China for both markets (since we already produce Nautilus in China for the local market) which allows us to gain manufacturing efficiencies and retool our Oakville facility to get ready to build our next generation EVs.”

2024 Lincoln Nautilus 

The news comes a week after Ford released a report that said it was the top automaker in terms of vehicles assembled and hourly autoworkers employed in America as well as vehicles exported from America to other countries.
The new Nautilus will feature a redesigned exterior and new interior that includes nearly door-to-door screens for occupants in the front seats. It also offers a new feature called “Lincoln Rejuvenate.”
Ford describes Lincoln Rejuvenate as a “multisensory, in-cabin experience including lighting and digital scenting.” Lincoln revealed a concept vehicle called the Star last year that included such features, but the Nautilus is the first production car for the U.S. to be built with the unique characteristics. The automaker has offered vehicles with the feature in China.

Read more about electric vehicles from CNBC Pro

“Lincoln Rejuvenate, a stationary experience, orchestrates specially curated sensory experiences tied to lighting, screen visuals, personal preferences such as seating position and massage options — allowing clients to recharge,” the company said in a release for the vehicle’s reveal Monday night.
Scent cartridges to fill the vehicle’s cabin are housed in the center armrest. The company said scents that come with the package include:

“Mystic Forest, an earthy blend with woody, rich notes of patchouli.”
“Ozonic Azure, a crisp blend of aromatic patchouli and traces of bright violet.”
“Violet Cashmere, exotic white florals and trusted violet that are crisp and refined as fresh linen.”

The vehicle will be powered by a 2.0-liter turbocharged engine as well as a hybrid powertrain. The car is expected to go on sale in early 2024, with starting prices between $51,810 and $75,860.

Lincoln Star concept electric vehicle

The redesigned Nautilus and “Lincoln Rejuvenate” come as the once-prominent American luxury brand attempts to rejuvenate itself.
Sales of Lincoln vehicles were down by 4% last year in the U.S. to fewer than 83,500 vehicles. That’s down from a recent peak of more than 112,200 in 2019. More

Nordstrom appointed former Nike executive Eric Sprunk to its board.
The move comes as Nordstrom faces sharp scrutiny by investors, including activist Ryan Cohen.
The retailer has reported slowing sales and declining profits.

Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas. 
Brandon Bell | Getty Images

Nordstrom on Monday said it has tapped former Nike operating chief Eric Sprunk to join its board, as the company faces pressure from an activist investor.
Nordstrom shares rose about 4% on Monday to close at $17.00.

Sprunk, who was Nike’s COO from 2013 to 2020, will join the board immediately, the company said. With the appointment, Nordstrom said its board will grow to 11 directors.
In a news release, Nordstrom board member Brad Tilden highlighted Sprunk’s “track record of driving e-commerce growth and large-scale transformations within a complex global business.”
The move comes as the retailer’s performance gets scrutinized by some investors, including Ryan Cohen, an activist investor. Cohen, founder of Chewy and chairman of GameStop, bought a major stake in Nordstrom in February with plans to shake up the retailer’s board, according to people familiar with the matter, who wished to remain anonymous due to the private nature of the discussions.
One of those requested changes was removing Mark Tritton, former Bed Bath & Beyond CEO, from the board, those people said. Cohen previously bought and then sold a major stake in the home goods retailer, which is now on the verge of bankruptcy.
In a proxy filing Monday, the company said it “received notice from a shareholder stating its intention to nominate two candidates for election to the Board at the Annual Meeting, which notice was later withdrawn.”

Nordstrom declined to say whether Cohen is that shareholder and if he influenced Sprunk’s appointment. Cohen’s firm, RC Ventures, did not respond to a request for comment.
Yet the proxy also hints at a potential ongoing dispute with Cohen. According to the proxy, Cohen has made moves to seek a larger stake in the company. In early March, his firm formally requested a waiver of a board provision so he could acquire up to 19.9% of Nordstrom’s common stock. His firm owned 4.2% of the company’s common stock as of early March.
Nordstrom’s board provision, called a Rights Plan, was adopted last September. It is intended to protect the company and shareholders from a takeover, such as a entity, person or group gaining control of the company by surreptitiously amassing a large stake.
In the proxy, the board recommends that shareholders vote to extend that provision until Sept. 19, 2025. Shareholders will vote at the company’s annual meeting, which will be in the coming months.
As the retail backdrop gets tougher, Nordstrom has reported slowing sales and falling profits. The high-end department store’s net income fell to $119 million, or 74 cents per share, from $200 million, or $1.23 per share, in the holiday quarter compared with the year-ago period. Net sales for the company’s namesake banner decreased 2.4%, and net sales for its off-price banner, Nordstrom Rack, dropped 8.1% in the quarter versus the year-ago period.
This fiscal year, the company said it expects revenue to drop by between 4% and 6%.
– CNBC’s Gabrielle Fonrouge contributed to this report. More

Peter Coker Jr., one of the suspects indicted in a securities fraud case involving a $100 million New Jersey deli, was ordered held without bail.
Federal judge Christine O’Hearn ruled Coker Jr. is a serious flight risk because he didn’t attempt to turn himself in after learning he was indicted in September.
Coker Jr.’s attorney argued his client didn’t surrender because he was sick and concerned about traveling.

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023.
Crime Suppression Division, Royal Thai Police | AP

CAMDEN, N.J. — The former fugitive at the center of a securities fraud case involving a $100 million New Jersey deli was ordered held without bail Monday as a federal judge ruled he is a serious flight risk.
A magistrate judge had approved Peter Coker Jr.’s release on a $1.5 million bond in late March, but he remained in an Essex County jail as prosecutors appealed the ruling. 

During a hearing Monday in federal court in Camden, New Jersey, and in motions filed before the court, prosecutors argued Coker Jr. should be held pending trial because he had renounced his U.S. citizenship, had “extensive” links to foreign countries and owned more than $3 million in assets. 
Judge Christine O’Hearn sided with the government. She repeatedly noted that Coker Jr., who had been living in Phuket, Thailand, for the past year and a half, had made no effort to contact the authorities to turn himself in after he learned he’d been indicted in September. 
She said Coker Jr. was only in the U.S. to answer the charges against him because federal authorities eventually tracked him down to Phuket and extradited him to the U.S.
Coker Jr., who was smiling as he was led into court clad in a yellow jail jumpsuit, didn’t make formal comments to the judge.
The 53-year-old Coker Jr., his father, Peter Coker Sr., and a third man, James Patten, were charged in a 12-count indictment for securities fraud and conspiracy for allegedly concocting a scheme to inflate the stock prices of two companies, Hometown International and E-Waste.

At the time of the alleged actions, the firms’ market capitalizations exceeded $100 million each even though Hometown’s only asset was a small deli in Paulsboro, New Jersey, that made no money and E-Waste was a shell company, according to prosecutors. 
Coker Jr.’s defense attorney, John Azzarello, argued his client had made no efforts to hide while in Phuket. He also said Coker Jr. had not changed his name or made other attempts to evade capture from authorities after learning about the charges against him. 
When O’Hearn questioned why Coker Jr. didn’t try to contact the government or turn himself in after he learned he had been indicted, Azzarello explained that his client had been hospitalized with cirrhosis and hepatitis. 
There was “fear and concern” that if Coker Jr. turned himself in to Thai authorities, he would be forced to get on a more than 25-hour plane ride to the U.S., Azzarello said. He added that Coker Jr.’s local doctors had advised him not to travel because of his health issues.
Assistant U.S. Attorney Shawn Barnes acknowledged that Coker Jr. had health concerns, but said officials could have made arrangements to ensure his safety while traveling. 
O’Hearn decided Monday there were no conditions that could reasonably assure Coker Jr.’s return to court. She agreed that he was a flight risk because he is not a U.S. citizen, does not have significant ties to the U.S. and is not currently employed, among other reasons. 
Calling Coker Jr. a “sophisticated defendant” who is “very familiar with international travel,” O’Hearn said her “main concern” was that he didn’t attempt to surrender after he learned he was indicted. She also cited his assets and “little if any” family ties. 
“I am surprised,” Azzarello told CNBC of O’Hearn’s decision after the hearing. 
He said he wasn’t yet sure about his next move and whether he would propose a different bail package or attempt to appeal the judge’s ruling. 
After the judge delivered her ruling, Coker Jr.’s mother cried in the gallery and outside of the courtroom. She and her husband, the elder Coker, declined to comment to CNBC. More

Nikki Haley scored donations from several wealthy donors in the early days of the 2024 race for the White House.
Harold Hamm, an oil and gas magnate who previously backed Donald Trump, donated to back Haley’s run for the White House.
Former Trump White House lawyer Ty Cobb, who said last year that the former president was a “deeply wounded narcissist,” also donated to a Haley joint fundraising committee.

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley listens as she is introduced at a campaign town hall meeting, in Salem, New Hampshire, U.S., March 28, 2023.
Brian Snyder | Reuters

Nikki Haley, the former South Carolina governor and Trump administration official, has emerged as an early favorite of several wealthy donors as she pursues the Republican nomination in the 2024 presidential race.
Team Stand for America, a joint fundraising committee raising cash for Haley’s campaign for president, and two other pro-Haley PACs received more than two dozen contributions from a mix of billionaires and wealthy executives during the first quarter, according to a CNBC analysis of new campaign finance filings.

Oil and gas magnate Harold Hamm, Wall Street titan Aryeh Bourkoff and New Balance owner Jim Davis are among the joint committee’s big donors, according to the records.
A spokeswoman for Haley’s campaign did not return a request for comment before publication.

Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley speaks in front of the New Hampshire state flag at a campaign event in Dover, New Hampshire, U.S., March 27, 2023. 
Brian Snyder | Reuters

Still, several of the biggest donors have remained on the sidelines ahead of the GOP primary next year, with some waiting for Florida Gov. Ron DeSantis to announce whether he’ll run for the White House. Longshot candidate Republican Vivek Ramaswamy, in contrast, loaned over $10 million to his campaign in the first quarter and relied on about $1 million in contributions from others, including at least half a dozen wealthy donors, according to his campaign filings.
Both Haley and Ramaswamy are trailing former President Donald Trump, according to the latest public polls. A Fox News survey taken in late March shows Haley with 3% of support from Republican voters, with Ramaswamy holding at 1%. Trump had 54% of participants’ support, with DeSantis picking up 24%. The poll surveyed just over 1,000 registered voters.
Republican megadonors have been looking for a strong alternative to Trump who could win the primary and appeal to a broader base of voters in the general election against President Joe Biden, who has said he is planning to run for reelection.

Team Stand for America’s filing says the group received individual donations from wealthy donors ranging from $5,000 to $16,600. The joint fundraising committee finished raising over $4.3 million, while the Haley campaign itself brought in around $5.1 million, according to FEC records. Team Stand for America transferred about $1.8 million to the Haley campaign on March 31, according to the records.

Nikki Haley, former United States Ambassador to the United Nations and 2024 presidential election candidate, speaks at the Conservative Political Action Conference (CPAC) at Gaylord National Convention Center in National Harbor, Maryland, U.S., March 3, 2023. 
Sarah Silbiger | Reuters

Hamm, the executive chairman of oil and natural gas company Continental Resources, donated $16,600 to Team Stand for America last month, according to the filing. Hamm supported former President Donald Trump during the 2016 election and later backed the Trump endorsed Pennsylvania Senate candidate Dr. Mehmet Oz. He told the Financial Times in an interview published last year that he didn’t think Trump should run again in 2024.
“Loyalty’s a big thing with us — it’s very necessary with leaders,” Hamm told the FT. “And I wish Trump could have been a lot more loyal to his people.” The former president overlooked Hamm to become Energy secretary in his administration, the FT said.
Hamm and his family are worth a combined $18.5 billion, according to Forbes.
Hamm isn’t the only previous Trump ally turning to help Haley. Former Trump White House lawyer Ty Cobb, who said last year that the former president was a “deeply wounded narcissist,” donated $5,000 to the Haley joint fundraising committee.
Leonard Stern, the CEO of real estate firm Hartz Mountain Industries, contributed the same amount as Hamm to Team Stand for America in March. Forbes says he has a net worth of $7.6 billion.
Stern, Cobb and a spokeswoman for Hamm did not return requests for comment before publication.

Nikki Haley, former ambassador to the United Nations, during an event in Charleston, South Carolina, US, on Wednesday, Feb. 15, 2023.
Sam Wolfe | Bloomberg | Getty Images

The support for Haley indicates a growing desire among donors to back a candidate who can beat Biden in 2024, according to one of Haley’s top supporters. Haley seems to be making an appeal to more moderate Republicans while drawing a contrast with Trump. Since she announced her candidacy in February, Haley became the first declared 2024 candidate to visit the southern border to tout her immigration plan.
“If you take a look at the makeup of the donors at this stage in the game, you have people who are Republican donors that are often involved in presidential elections who see her as a viable candidate that won’t just win in the primary but also in the general election,” said Ozzie Palomo, a co-founder of lobbying firm Chartwell Strategy Group and a Haley fundraiser.
Other wealthy donors moving to back Haley include Davis, chairman of shoe company New Balance, who donated $16,600 to the joint fundraising committee in late March. Davis and his family, which own nearly all of New Balance, have a net worth of $4.9 billion, according to Forbes.
A New Balance spokeswoman did not return requests for comment.
Leaders on Wall Street also played a role in helping Haley’s fundraising surge.
Bourkoff, the CEO of investment giant LionTree, contributed $16,600 to Team Stand for America last month. Bourkoff has a history of donating to Democrats running for office, including to Vice President Kamala Harris’ 2020 campaign and Biden’s successful run for the White House, according to data from the nonpartisan OpenSecrets. Bourkoff did not return a request for comment.
Jim Haskel, a partner at hedge fund behemoth Bridgewater Associates, gave the same amount to the committee in February.
Executives from Goldman Sachs, Susquehanna International Group, UBS Group and Tiger Management, are among the other Wall Street leaders who donated to the Haley joint fundraising committee in the first quarter. More

Moderna’s mRNA vaccine, when combined with Merck’s Keytruda, showed promise in treating melanoma, a kind of skin cancer.
Wall Street analysts met the news with a mix of cautious optimism and doubt.

Sopa Images | Lightrocket | Getty Images

Shares of Moderna fell Monday as Wall Street chewed over new trial results on the personalized cancer vaccine it is developing with Merck. 
Merck’s shares were essentially flat.

The experimental mRNA vaccine, when combined with Merck’s blockbuster drug Keytruda, cut the risk of recurrence of skin cancer melanoma by 44% compared with Keytruda alone, the companies said Sunday in their first detailed presentation of results from a key phase two trial. 
Nearly 80% of participants who received both the vaccine and Keytruda stayed cancer-free for 18 months compared with the 62% of participants who only received Keytruda, the companies said. They added that side effects with the vaccine were generally mild, with fatigue being the most common. 
Those results, presented at an American Association for Cancer Research meeting in Florida, add to the initial results on the treatment combination released in December. 
The results suggest the vaccine in combination with Keytruda “may be a novel means of potentially extending the lives of patients with high-risk melanoma, Dr. Kyle Holen, Moderna’s head of development, therapeutics and oncology, said in a press release. Moderna and Merck said they will initiate a phase three trial in 2023 and will “rapidly expand” their research to study the treatment’s effect on additional tumor types, including a major type of lung cancer. 
Wall Street met the news with a mix of cautious optimism and doubt.

Analysts from SVB Securities said the results suggest the personalized cancer vaccine shows promise. But they also wrote in a Sunday note that the treatment’s path to approval is new and untested, adding that the firm does not believe accelerated approval is an option.
The Food and Drug Administration’s accelerated approval designation is meant to allow for faster clearance of drugs for serious conditions that fill an unmet medical need. 
A Monday note from Wolfe Research analyst Tim Anderson said many Moderna and Merck stakeholders remain “cautiously optimistic at best” about the opportunity of the cancer vaccine-Keytruda combination.
He said expectations for the treatment combination were reasonably high going into the weekend, but noted there are still plenty of cancer vaccine skeptics due to a “long history of failures in this space.” 
Wells Fargo analyst Mohit Bansal also said he’s expressing “cautious optimism” about the treatment combination. In a Sunday note, Bansal pointed to “trial imbalances” that potentially produced more favorable results for the personalized cancer vaccine. 
He said those imbalances warrant waiting for more data on the treatment. More

The National Association of Home Builders/Wells Fargo Housing Market Index registered a 1-point gain in April to 45. Anything under 50 is considered negative.
Builders said just under one-third of housing inventory is new construction, compared with historical norms of around 10%
A lack of listings on the resale market is giving builders an edge.

Stacks of bricks outside a home under construction in the CastleRock Communities Sunfield residential development in Buda, Texas, U.S., on Wednesday, May 15, 2021.
Sergio Flores | Bloomberg | Getty Images

Builder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce.
The National Association of Home Builders/Wells Fargo Housing Market Index climbed to 45 in April, a 1-point gain. Anything below 50 is considered negative.

The reading is the highest since September. The index stood at 77 in April 2022.
Builders in the report cited a lack of listings on the resale market, which gave them an unusually strong edge. New listings of existing homes have fallen about 25% compared with a year ago.
Slightly lower mortgage rates are also helping demand — though rates are still higher than they were a year ago.
“Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing,” said Alicia Huey, NAHB chairman and a custom homebuilder and developer from Birmingham, Alabama. “Nonetheless, the industry continues to be plagued by building material issues, including lack of access to electrical transformer equipment.”
The index has three components. Current sales conditions rose 2 points to 51.

Meanwhile, sales expectations in the next six months increased 3 points to 50. It marked the first time both of the indicators were positive since June, when mortgage rates really took off.
Buyer traffic, however, was unchanged at 31. It was the first time it hasn’t improved this year. 
Builders said one-third of housing inventory is new construction, compared with historical norms of around 10%. Concerns had grown that builders might have more trouble with construction loans after recent regional bank failures.
But the bevy of new construction suggests that is not the case.
“While AD&C loan conditions are tight, there is not significant evidence thus far that pressure on the regional bank system has made this lending environment for builders and land developers worse,” said Robert Dietz, the NAHB’s chief economist.
Sales incentives by builders, including mortgage rate buy-downs, have been successful in boosting demand in recent months. However, the share of builders reducing home prices is still dropping.
Just under a third of builders reported cutting prices in April, down from 35% at the end of last year.  The average price reduction in April was 6%.
The share of builders using incentives rose slightly to 59% in April from 58% in March. It was still lower than December’s read of 62%.
Regionally, on a three-month moving average, builder sentiment in the Northeast rose 4 points to 46. In the Midwest, it rose 2 points to 37.
In the South, it increased 4 points to 49. In the West, it rose 4 points to 38. More

Ben & Jerry’s workers at the company’s flagship store in Burlington, Vermont, are filing for a union election.
The move adds to a string of service industry union drives, including at Starbucks and Trader Joe’s.
Some workers think the union push will put the famously progressive company’s ideals to the test.

Ben & Jerry’s brand ice cream sits in a supermarket freezer. 
Bloomberg | Bloomberg | Getty Images

Ben and Jerry’s workers at the ice cream company’s flagship store in Burlington, Vermont, are filing for a union election Monday. 
The move adds to a string of service industry union drives, including at Starbucks and Trader Joe’s. 

Workers at the Burlington store have petitioned the National Labor Relations Board for an election. Their organization, dubbed “Scoopers United,” has the backing of the same union that launched Starbucks’ fast-growing organizing campaign, according to a release from the group. 
That union, Workers United, has won union elections at hundreds of Starbucks locations across the country at a rapid pace. 
If the Burlington workers approve a unionization vote, their store would be the first Ben & Jerry’s location in the U.S. to do so. 
Ben & Jerry’s did not immediately respond to CNBC’s request for comment. 
In its decadeslong history, the company has become well known for putting its weight behind social justice causes, which became particularly notable amid the George Floyd protests of 2020. 

Ben & Jerry’s has even sued its parent company, Unilever, when its actions came into conflict with Ben & Jerry’s stated social mission.
A unionization push will put Ben & Jerry’s corporate ideals to the test, according to Scoopers United. 
“Collectively, we have come to embody Ben and Jerry’s slogan of ‘peace, love, and ice cream,'” the group wrote.
The workers have asked Ben & Jerry’s to sign a code of conduct that would hold the company to respecting workers’ right to organize, while refraining from union-busting.
The company’s stance on this recent unionization push isn’t yet known. In 1998, the company challenged a unionization attempt made by maintenance workers in its Vermont plant, arguing the union vote should be held among all plant workers.  More

The 2024 Buick Envista will be the brand’s last new gas-powered vehicle ahead of its transition to an all-electric domestic lineup by 2030.
The Envista will replace the Buick Encore as the GM brand’s entry-level model, starting at $24,495 for a base model.
The new crossover comes amid affordability concerns as many automakers have discontinued lower-priced car models.

2024 Buick Envista Avenir

DETROIT – General Motors on Monday revealed the last new gas-powered Buick vehicle ahead of the brand’s transition to an all-electric domestic lineup by 2030.
The final new traditional nameplate for the brand will be the 2024 Buick Envista, a small crossover that has the look of a sedan but the ride height and storage of a comparable SUV. It features a smooth, long exterior with styling inspired by the brand’s well-received Wildcat concept car last year.

The Envista will replace the Buick Encore as the brand’s entry-level model, starting at $24,495 for a base model and $29,695 for a top-end Avenir model. GM discontinued production of the Encore last year in exchange for a larger “Encore GX” vehicle that starts between about $26,000 and $35,000.
“There just seems to be an enormous opportunity at the price point,” Sam Russell, Buick marketing director, said during a media briefing. “The Envista we honestly think is just a great opportunity for conquesting. … That’s kind of our objective is to be the conquest champion within GM.”

2024 Buick Envista ST

The Envista comes amid affordability concerns about new vehicles, as many automakers have discontinued lower-priced cars in exchange for pricier crossovers. Average transaction prices have increased to record levels amid low vehicle availability during the past three years.
Production of the Envista at a GM plant in South Korea – home of other Buick and Chevy small crossovers – is scheduled to start next month. The vehicles are expected to arrive in Buick showrooms this summer.
The Envista will be offered exclusively in front-wheel-drive and powered by a 1.2-lter turbocharged engine that’s expected to include 136 horsepower and 162 foot-pounds torque. It includes a standard safety package with six active safety features such as automatic emergency braking and lane keep assist. Its interior features 19 inches of information and control screens.

2024 Buick Envista 

The Envista is the second of five new models or vehicles for Buick over an 18-month span that ends next year. The first vehicle was the redesigned 2024 Encore GX. The last model is expected to be the brand’s first all-electric vehicle, which will debut in the first half of next year.
“Once we transition to EVs, it’s just all the EVs after that,” Russell said.
Buick’s target to exclusively offer EVs by the end of this decade comes as GM spends $35 billion in electric and autonomous vehicles between 2020 and 2025. The automaker has a goal for all of its brands to exclusively offer consumer EVs by 2035. More