General Motors ending production of Chevrolet Malibu for electric vehicles

SOURCE nypost.com
General Motors will end production of the gasoline-powered Chevrolet Malibu car to focus on producing new electric vehicles. The company is investing $390 million to build next-generation Chevrolet Bolt EVs at its Kansas assembly plant.

Key Points

  • End of production for Chevrolet Malibu to focus on electric vehicles
  • Investment of $390 million in building next-generation Chevrolet Bolt EVs
  • Shift towards producing more crossover and SUV vehicles
  • Pause in production of Cadillac XT4 until late 2025

Pros

  • Transitioning to electric vehicles aligns with the global shift towards sustainability and reducing emissions.
  • Investing in new technology and innovation can lead to competitive advantage in the automotive industry.
  • Creating new jobs and opportunities in the electric vehicle sector.

Cons

  • Potential job losses for employees involved in the production of gasoline-powered vehicles.
  • Customers who prefer gasoline-powered cars may be disappointed with the discontinuation of the Malibu.