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GM plans more than $3B for electric-vehicle projects in Michigan

General Motors Co. plans to invest more than $3 billion to make electric vehicles in Michigan, people familiar with the matter said, a potential win for the car maker’s home state after recent commitments of auto projects to Southern states.

GM eyes electric boats in new investment

General Motors has acquired a 25% stake in Pure Watercraft, a Seattle-based company specializing in electric boats and outboard motors, at a $600 million valuation.