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Jim Cramer Says General Motors Stock Is Undervalued

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General Motors  (GM) - Get Free Report says that it plans to increase spending on electric and autonomous vehicles to $35 billion over the next four years which is a 30% increase from previous plans.

TheStreet's M. Corey Goldman noted that GM also confirmed Wednesday that it plans to build two additional battery facilities in the U.S. and will also move ahead with some of its investments in electrification. Locations for the plants haven’t been decided; each plant is expected to cost more than $2 billion.

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