Monday, August 15 2022

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GM Is Getting Into Electric Boats in a $600 Million Deal

General Motors made an investment that, while not the largest in its history, might be one of the most surprising. GM (ticker: GM) announced Monday it purchased a 25% stake in Pure Watercraft, “a Seattle-based company that specializes in creating all-electric boating solutions.” GM is paying $150 million in cash and services, which values the boating company at $600 million.

Source: Yahoo Sports

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