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Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales - TL;DR CNBC

Why GM is killing the Chevy Bolt — America's cheapest EV — amid record sales

Publishing timestamp: 2023-04-29 13:20:22


Summary

GM's Chevrolet Bolt EV saw a surge in sales but will end production later this year despite recent success. The company is focusing on profitable electric vehicles in the future and believes it doesn't need the Bolt to reach its goals. GM is looking towards its next-generation EVs and upcoming Equinox EV to fill the void left by the Bolt.


Sentiment: MIXED

Tickers: FGM

Keywords: transportationbusinessmary barrabusiness newsdetroitautosbreaking news: businessclimateford motor cogeneral motors co

Source: https://www.cnbc.com/2023/04/29/why-gm-is-killing-the-chevy-bolt-ev-amid-record-sales.html


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