GM Delays Electric Pickup Truck Expansion Amid Slower Growth
- Orion plant conversion to move back one year to late 2025
- Automaker cites shifting EV demand, planned improvements
The company said Tuesday that the conversion of its Orion Assembly plant will move back by a year to late 2025 “to better manage capital investment while aligning with evolving EV demand.”
Photographer: Jeff Kowalsky/BloombergThis article is for subscribers only.
General Motors Co. will delay the opening of its second electric-truck plant in Michigan to preserve capital amid a slowdown in sales growth for electric vehicles.
The company said Tuesday that the conversion of its Orion Assembly plant will move back by a year to late 2025 “to better manage capital investment while aligning with evolving EV demand.” It also plans to make improvements to its electric trucks that could increase profitability, GM said in a statement.