GM to delay all-electric truck production at Michigan plant until late-2025
Publishing timestamp: 2023-10-17 13:49:40
Summary
General Motors is delaying the production of all-electric trucks at its Orion Assembly plant in Michigan until late 2025. The delay is aimed at better managing capital investments and making new electric vehicles (EVs) more profitable. This delay raises concerns about GM's EV goals and the adoption of EVs by traditional automakers. The company plans to begin construction of its next-generation EVs at Orion Assembly in late 2025 instead of next year. The production delay is not related to ongoing contract negotiations with the United Auto Workers union. GM will now produce the electric versions of Chevrolet Silverado and GMC Sierra at its Factory Zero in Detroit.
Sentiment: NEGATIVE
Tickers: GM,
Keywords: breaking news: technology, general motors co, transportation, technology, business news, breaking news: business, business, detroit, autos,
Source: https://www.cnbc.com/2023/10/17/gm-to-delay-ev-truck-production-at-michigan-plant.html