GM Pauses Production of Biggest BEVs at Flagship Detroit Factory [Yahoo! Finance]
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Source: Yahoo! Finance
General Motors is pausing electric vehicle production at its flagship plant. According to a new report from Reuters , GM idled operations at its Factory ZERO plant in Michigan in mid-March, with the automaker now deciding to extend the timeout until April 13 as sales of large electric trucks and SUVs fall short of expectations. The move temporarily affects approximately 1,300 jobs. Factory ZERO builds most of GM's highest-profile electric models, including the GMC Hummer EV, Chevrolet Silverado EV, GMC Sierra EV, and Cadillac Escalade IQ. However, the plant has been subject to multiple pauses over the past year as demand for large, high-priced EVs has melted. GM had already reduced the plant's forecasted output by roughly half earlier this year. Meanwhile, GM's more affordable electric offerings like the Chevrolet Equinox EV continue uninterrupted at other facilities-including its plant in Mexico-and have shown stronger sales resiliency, probably because they're cheaper. gm p
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- Stock Market Today, March 31: Tesla Rises Ahead of Delivery Report as Rally Eases Demand Concerns [Yahoo! Finance]Yahoo! Finance
- GM Pauses EV Production, Lays Off 1,300 Workers [Yahoo! Finance]Yahoo! Finance
- EV chargers are growing nationwide. What it means for drivers [USA TODAY]USA TODAY
- Q4 Earnings Outperformers: General Motors (NYSE:GM) And The Rest Of The Automobile Manufacturing Stocks [Yahoo! Finance]Yahoo! Finance
- EMU's "Factory of the Future" Program Scores Top Marks from Students [TheStreet.com]TheStreet.com
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