General Motors will continue investing $8 billion in annual product development, according to the automaker’s President of North America Mark Reuss. The General has invested roughly $8 billion a year to create new products for at least the last two years. For comparison, rival Volkswagen plans to invest 10.6 billion euros this year in new products.
Reuss also said that General Motors’ focus is to maximize profits by not producing more cars and trucks than it can sell.
“For the most part, people are buying our vehicles because they’re great vehicles, not because there’s a gift basket full of cash on the hood,” he said.
Source
GM Authority