GM to end production of Chevy Malibu as it shifts to EVs-February 2024-www.financetom.com

GM to end production of Chevy Malibu as it shifts to EVs

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GM to end production of Chevy Malibu as it shifts to EVs

May 8, 2024 10:22 AM

May 8 (Reuters) - General Motors ( GM ) said Wednesday

it will end production of its gasoline-powered Chevrolet Malibu

car later this year in order to produce new electric vehicles.

GM has sold more than 10 million Malibus since 1964

worldwide and will end production in November. The Detroit

automaker is investing $390 million at its Kansas assembly plant

to build next-generation Chevrolet Bolt EVs. GM has been

shifting away from cars in favor of building more crossover and

sport utility vehicles in recent years.

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