General Motors Co Says It Will Delay EV Pickup Truck Production At Its Orion, Michigan, Plant By A Year, To Late 2025; Delay Is Being Made 'To Better Manage Capital Investment While Aligning With Evolving EV Demand'
Portfolio Pulse from Benzinga Newsdesk
General Motors Co (GM) has announced a delay in the production of its EV pickup truck at its Orion, Michigan plant by a year, to late 2025. The delay is aimed at better managing capital investment while aligning with evolving EV demand.
October 17, 2023 | 4:16 pm
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General Motors' decision to delay EV pickup truck production could impact its competitive position in the EV market and may affect investor sentiment.
The delay in production could potentially slow down GM's progress in the EV market, which is highly competitive. This could affect investor sentiment and potentially lead to a short-term decrease in GM's stock price.
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