GM to start shipping $113,000 electric Hummer pickups to customers

GM to start shipping $113,000 electric Hummer pickups to customers

DETROIT – is beginning to ship its GMC Hummer EV pickup to customers, marking a major milestone for the automaker and its next-generation electric vehicles. The new truck is the first to incorporate the Detroit automaker's , motors and batteries, all of which GM developed in-house and plans to use as the foundation for dozens of new electric vehicles in the coming years. "We're very excited for our customers," GM President Mark Reuss said Friday during an interview with CNBC's Phil LeBeau during GM is investing about $30 billion into the production and development of electric vehicles such as the Hummer pickup of the vehicle through 2025. The company on Friday also confirmed the first deliveries of a new electric The first production Hummer EV was auctioned for $2.5 million with proceeds benefiting the Tunnel to Towers Foundation, an organization established to honor the memory of Sept. 11 first responder Stephen Siller. Shares of GM were down Friday morning by nearly 7% following the company announcing the abrupt departure Thursday of Dan Ammann, CEO of its majority-owned autonomous vehicle unit Cruise. GM has not confirmed how many reservations it has received for the Hummer EV pickup, which will initially start