GM Delays 2024 Buick EV And Pushes EV Pickup Plant Opening To 2026; CEO Says Adjustments Made For Capital Efficiency, Anticipates Challenging Year In China
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) has announced delays in the release of the 2024 Buick EV and the opening of its EV pickup plant, now pushed to 2026. The CEO cited capital efficiency and a challenging year in China as reasons for these adjustments.

July 23, 2024 | 12:43 pm
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General Motors has delayed the release of the 2024 Buick EV and the opening of its EV pickup plant to 2026. The CEO mentioned capital efficiency and a challenging year in China as reasons for these changes.
The delay in the release of the 2024 Buick EV and the EV pickup plant opening could negatively impact GM's stock price in the short term. Investors may view these delays as setbacks in GM's EV strategy, especially given the competitive EV market. Additionally, the mention of a challenging year in China could raise concerns about GM's revenue prospects in a key market.
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