GM - GM Kicks One More Iconic Gas-Powered Chevy Car To The Curb As EV Focus Sharpens | Benzinga
In a significant shift towards electric vehicles (EVs), General Motors (NYSE:GM) has announced plans to cease production of its gasoline-powered Chevrolet Malibu later this year.
What Happened: GM intends to halt the production of its Chevrolet Malibu car in November, Reuters reported on Thursday. The Detroit-based automaker is channeling a $390 million investment into its Kansas assembly plant to manufacture the next-generation Chevrolet Bolt EVs. The production of the previous generation Bolt was stopped in December.
The company has been progressively shifting its focus from cars to the production of more crossover and sport utility vehicles. The Malibu is the last Chevrolet car offered in the U.S., apart from the Corvette. The production of the Chevrolet Camaro also ended last year.
GM also declared a temporary halt in the production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until production resumes later in 2025 for both the Bolt EV and XT4 on the same assembly line.
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