See multiple perspectives from New York Post (News), Reuters, and CNN (Online News) at AllSides.com.
: GM is delaying production on both the Sierra EV and the Silverado until late 2025 in order to align their investment with. Ford and Tesla have also slowed down production of electric vehicles due to concerns of a slowdown in demand and other economic uncertainties. EV sales grew 51% in the first nine months of 2023, well below the 71% sales surge for vehicles during the same time period in 2022.
GM had been set to begin production of the electric Chevrolet Silverado and GMC Sierra in late 2024 at the suburban Detroit plant.Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM delays plan for additional electric truck capacityMajor automakers are finding that EV demand isn't as high as earlier forecast.
Read more »
Expert: 'It's just a huge mess' for Detroit automakers as UAW strike escalatesDetroit's Big Three automakers mourn the ongoing going UAW strike will end up costing many more jobs than just those in their factory.
Read more »
Automakers Blast Biden Plan to Hike Fuel EfficiencyA group representing General Motors, Toyota Motor, Volkswagen and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.
Read more »
Factbox-More automakers plug into Tesla's EV charging networkFactbox-More automakers plug into Tesla's EV charging network
Read more »
Why Volvo & Audi Are Assessing Sustainability Across Their Supply ChainsAutomakers must quickly establish viable electric vehicles in their catalogs while also decarbonizing their supply chains.
Read more »
Britney Spears says in memoir she had an abortion after pregnancy with Justin TimberlakeNatalie Kainz is a news associate for NBC News.
Read more »