General Motors Research and Development Expenses

Research and Development Expenses of General Motors 2007-2020

Amounts are in $ billions.

YearR&D Expenses ($bn)
2020$6.2
2019$6.8
2018$7.8
2017$7.3
2016$6.6
2015$6.0
2014$7.4
2013$7.2
2012$7.4
2011$8.1
2010$6.9
2009$6.0
2008$8.0
2007$8.1

General Motors, a leading US based automobile manufacturer spent $6.2 billion on research and development in 2020 compared to $6.8 billion in 2019.

General Motors is a leading global automobile brand whose core market is North America and mainly the United States. The company invests a large sum each year in research and development. Its R&D expenses rose to $7.8 billion in 2018 as compared to $7.3 billion during the previous year. Higher competition in the automobile industry has led to auto brands investing more in research and development on technologies like autonomous driving.