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<blockquote data-quote="Weather Man" data-source="post: 16490008" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM considers flying taxis program as part of EV future</strong></span></p><p>Sep. 15, 2020 1:16 PM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +1.6%) is exploring options in the aerial taxi market as part of a push to look for growth in next-gen transportation markets, sources <a href="https://www.autonews.com/mobility-report/gm-explores-market-electric-aerial-taxis-report-says" target="_blank">tip</a> Reuters.</p><p></p><p>CEO Mary Barra made a reference to the air taxi market in a RBC conference appearance yesterday.</p><p></p><p>"We believe strongly in our EV future and not just for vehicles... The strength and flexibility of our Ultium battery system opens doors for many uses including aerial mobility," she noted.</p><p></p><p>Electric air taxis could be used to fly low-level routes in areas that would make sense like a medical facility or corporate complex, mass-market uses aren't seen for quite a while.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16490008, member: 137766"] [size=6][b]GM considers flying taxis program as part of EV future[/b][/size] Sep. 15, 2020 1:16 PM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +1.6%) is exploring options in the aerial taxi market as part of a push to look for growth in next-gen transportation markets, sources [URL='https://www.autonews.com/mobility-report/gm-explores-market-electric-aerial-taxis-report-says']tip[/URL] Reuters. CEO Mary Barra made a reference to the air taxi market in a RBC conference appearance yesterday. "We believe strongly in our EV future and not just for vehicles... The strength and flexibility of our Ultium battery system opens doors for many uses including aerial mobility," she noted. Electric air taxis could be used to fly low-level routes in areas that would make sense like a medical facility or corporate complex, mass-market uses aren't seen for quite a while. [/QUOTE]
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