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Illustration: Sarah Grillo/Axios

GM appears to be serious about their zero-emissions vision: the company is shifting 75% of its powertrain engineers from internal-combustion engines to electric vehicle development as it prepares to unleash of wave of EVs under the Cadillac brand.

The big picture: GM CEO Mary Barra has laid out a blueprint for shifting to electric, self-driving cars — a world, she says, with "zero crashes, zero emissions and zero congestion." That will require shifting resources to AV and EV development — at a time when GM is closing factories and laying off 15,000 workers, triggering the wrath of President Trump.

What's happening: In a meeting with investors this morning, GM is expected to share more details about its next-generation of electric vehicles — 20 EV or fuel cell powered models to be released by 2023.

  • They'll be based on a flexible EV architecture, enabling many body styles in front-wheel, rear-wheel and all-wheel-drive configurations.
  • Most of the EVs will be introduced as Cadillacs, a chance to position the iconic-but-tarnished luxury brand once again as a tech leader.
  • The first model, a Cadillac crossover utility, will debut in 2021.
  • A big focus will be on China, Cadillac's top-selling market.
  • Eventually, Buick, GMC and Chevrolet will share the electric vehicle architecture.

What we're hearing: GM President Mark Reuss is doubling the resources dedicated to EVs and AVs — not dollars, but brainpower.

  • Its Cruise Automation self-driving unit is reporting progress on the AV front: CTO Kyle Vogt tweeted video of its driverless cars easily handling complex traffic in San Francisco ahead of this year's launch of a commercial robo-taxi service.

The bottom line: Today 75% of GM's 4,000 powertrain engineers work on internal combustion engine technology, and 25% work on EVs. Soon, those numbers will be reversed.

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.