General Motors revealed this week that it will postpone expanding its electric truck production in Michigan. The automaker said it may take a year before it can resume and proceed with the expansion.
This means that General Motors will not be building a new facility for electric truck production until the latter part of 2025. The company said it stopped the plan to manage capital investment better. In addition, it wants to implement improvements to make the new EVs more profitable.
Change of Plans Also Suggest Possible Issues
Despite the explanation for the delay, CNBC reported that the move may also indicate the company’s ambitious EV plans, where it is expected to shell out billions of dollars. It was mentioned that the adoption of EVs has been slower than expected, which may be a problem since the production of electric vehicles is costly.
Carmakers may suffer huge losses if they make lots of units but cannot sell them, or sales could take a lot of time. The company clarified that the change in plans has no connection with the ongoing negotiations with the United Auto Workers union.
Pickup Production in Orion Assembly Plant
While building a new manufacturing plant for trucks will have to wait a little longer, General Motors will focus on manufacturing electric pickups first. These units are set to be produced at General Motors’ second facility in Michigan.
CNN Business mentioned that GM plans to begin producing electric pickups at its Orion Assembly, located just north of Detroit. This is also where the company is making its Chevrolet Bolt EV and Bolt EUV.
“General Motors today confirmed it will retime the conversion of its Orion Assembly plant to EV truck production to late 2025, to better manage capital investment while aligning with evolving EV demand,” GM said. “In addition, we have identified engineering improvements that we will implement to increase the profitability of our products.”
Photo by: CHUTTERSNAP/Unsplash


Nissan Halts Electric Qashqai Development Amid EV Market Challenges
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal
JPMorgan Sees Strong Strategic Value in Potential AbbVie Acquisition of Apogee Therapeutics
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan
Apollo Debt Solutions Limits Redemptions as Withdrawal Requests Surge
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy
Alphabet Replaces Verizon in Dow Jones Industrial Average
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 



