GM exploring electric boats, buys 25% stake in engine maker - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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GM exploring electric boats, buys 25% stake in engine maker

Pure Watercraft, founded in 2011, is worth $600 million after the GM deal, spokesman Gabe Johnson said. GM said its investment is worth $150 million, including cash and in-kind contributions. The companies would not disclose how much money GM is putting into the deal.

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