Connect with us

Hi, what are you looking for?

Fibonacci Tech News

GM’s plan to make more electric trucks keeps running into delays

Photo by Bill Pugliano / Getty Images

General Motors’ plan to make more electric trucks has run into another snag. The company had originally planned to kick off production of its EV trucks at its Orion facility in Detroit in 2024 — but now it won’t get started until late 2025.

GM said it’s delaying production “to better manage capital investment while aligning with evolving EV demand.” Another reason cited is “engineering improvements” aimed at improving profitability.

Orion is where GM currently builds its Chevy Bolt EV and EUV, both of which are ceasing production at the end of 2023. GM has said it will build a new Chevy Bolt based on the automaker’s Ultium battery and drive technology — but has yet to say when that vehicle will go into production.

GM said it’s delaying…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...