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[VERGE] GM delays production of Chevy Equinox, Silverado, and GMC Sierra Denali EVs
(www.theverge.com)
This is the best summary I could come up with:
The delay in production of “just a few months” is intended to protect pricing and enhance viability, GM CEO Mary Barra said.
GM is also pulling its near-term targets for EV sales in a nod to slower-than-expected demand growth.
The earnings were announced as the automaker continues to negotiate with the United Auto Workers to end its strike, which is now in its sixth week.
Today, GM’s chief financial officer, Paul Jacobson, described the transition to EVs over the next decade as “choppy” and said that internal combustion engine vehicles
Previously, GM dealt with a slower-than-expected ramp-up for its new Ultium-powered electric vehicles, including the GMC Hummer EV and Cadillac Lyriq.
And last week, GM said it was pushing EV truck production at its Orion facility, which was supposed to start next year, until late 2025.
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