Reuters reported exclusively that General Motors Co is exploring options in the aerial taxi market, including whether to build the vehicles known colloquially as “flying cars,” as part of a push by the U.S. automaker to look for growth in related transportation markets. Corporate and private investors have poured billions of dollars into more than 100 aerial vehicle startups, but the technology still faces significant roadblocks to commercialization and profitability.
AutomotiveBusiness & Finance
Reuters reveals GM exploring market for electric ‘flying cars’
25 September 2020, 3:20 pm 1 minute
Market Impact
Following the news, GM shares rose as much as 5.4%.
Article Tags
Topics of Interest: AutomotiveBusiness & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text