GM Indefinitely Delays Next Gen Electric Truck Program

GM has indefinitely delayed its next-gen electric truck program for the Sierra and Silverado. The firm may pivot to hybrids as EV sales growth slows in the U.S.

Xurve View
Insights:

GENERAL MOTORS CO is indefinitely delaying its next-generation full-size electric truck program, which was originally slated to begin in 2028. The decision affects planned electric versions of the GMC Sierra and Chevrolet Silverado, as well as the Escalade IQ and Hummer SUV and pickup models. Suppliers were reportedly notified recently that the program has been halted without a new timetable for production, marking a shift for the automaker's operations in the United States.

A 2024 Chevrolet Silverado EV RST displayed during the New York International Auto Show in Manhattan, New York City, United States, April 13, 2022. REUTERS/Andrew Kelly/File Photo
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.