From the article:
"Understandably, GM has prioritized the other high-profile EV in its portfolio, the Cadillac Lyriq, which started sales almost a year ago. Even so, it has only produced 1,000 Lyriqs since production began in March 2022."
Is production of only 1,000 vehicles in a year for an EV model low for a type of automobile which is supposed to be in big demand? So, are EVs really not in that much of a demand by the general population? Can a sector of the industry survive if only about 5 percent of the consumers are even interested in their product? How long can they keep manufacturing EVs if no one is interested in buying them?
They aren’t called “Government Motors” for nothing.
They are every bit as corrupt and incompetent as the US feral government.
GM can’t force anyone to buy this EV nonsense.
Only the PRODUCERS of EVs now realize just how small their market is...and Tesla owns most of it.
Nothing but loss awaits them.
You are creating electric Carson Detroit. The plant cannot run without electricity created from fossil fuels. Irony is great here.
Once General Motors became GOVERNMENT Motors, they necessarily had to adopt the woke, Neo-marxist sloganeering and culture.
The next economic crisis, which we have only just begun to enter, has already exposed the destructiveness of this.
Wokety brokety.
Fellow Freepers, I see an economic collapse dead ahead. Be prepared...
Will we have to bail them out AGAIN?
Ford is building a huge battery plant here in Tennessee.
Unfortunately they are doing this because it’s what the government wants not what consumers want to buy.
This whole EV madness is not the result of natural market forces.
Mary Bara and her dad Yogi.
In one of their latest investment announcements they expect to spend far and away the majority of it in, wait for it,
THEIR NEW V-8 PRODUCTION PLANT
Only a fraction will be earmarked for EV production efforts.
Fascinating.
Screw any entity involved with SAIC Motor. Any GM product should be shunned due to their Chinese masters.
EV = Not Wanted
GM. I used to purchase their ...er...product.
Then, I discovered that Japan made cars that actually fit together, retained their paint, and worked.
Nikola Semi
https://www.cnbc.com/2022/03/23/nikola-begins-production-of-battery-electric-tre-semitruck.html
Awwwww. And they’re wanting to dump 650 million into a lithium mine in NV. Hope they lose a bunch more.
You misunderstand. GM has standing orders for over 200,000 EVs, they're just having trouble manufacturing them, so they're unable to cash in. It's a corporate execution failure, not lack of demand.
GM has been in “deep trouble” for decades. The unions destroyed them.
This is the result when government controls industry. Enjoy your socialism Government Motors.
Wait, the E-vette will get them out of the hole.