General Motors Delays EV Truck Production At Michigan Plant To Match Changing EV Demand: Report
Portfolio Pulse from Shivani Kumaresan
General Motors Co (NYSE:GM) plans to delay the production of electric pickup trucks at its Orion, Michigan, facility by a year to late 2025. The decision is aimed at aligning with the changing demand for electric vehicles. GM shares are trading higher by 0.91% at $30.33.
October 17, 2023 | 5:46 pm
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General Motors delays the production of electric pickup trucks to align with changing EV demand. This strategic move could optimize capital investment. GM shares are trading higher.
The delay in production is a strategic move by GM to align with the changing demand for electric vehicles. This could lead to optimized capital investment and potentially higher profits in the future. The market seems to react positively to this news as GM shares are trading higher.
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