Production of Beloved Car Ending

(5MinNewsBreak.com) – In a decision likely to disappoint many Americans, General Motors has announced it has decided to cease the production of the beloved gasoline-powered Chevrolet Malibu later this year, a model produced for 60 years, because of the company’s shift towards the manufacturing of new electric vehicles.

Since its inception in 1964, the Malibu has achieved global sales exceeding 10 million units. The production of this model is scheduled to conclude in November.

In a strategic move to embrace electric vehicle technology, the Detroit-based automaker is allocating a substantial investment of $390 million into its Kansas assembly plant.

This investment is aimed at facilitating the production of the next-generation Chevrolet Bolt EVs, The New York Post reports.

It is worth noting that production of the previous generation Bolt was discontinued in December.

Over the past few years, GM has been gradually pivoting from traditional automobiles to focus more on producing crossovers and sport utility vehicles.

The report points out that the Malibu represents the final Chevrolet sedan model available in the United States, with the exception of the Corvette.

Notably, GM terminated the production of the Chevrolet Camaro towards the end of last year.

In a related announcement made on the same day, GM disclosed plans to temporarily halt production of the Cadillac XT4 post-January 2025 at the Kansas facility.

This interruption is anticipated to lead to the layoffs of several production employees, although production is expected to recommence towards the end of 2025.

This resumption will accommodate the manufacturing of both the Bolt EV and the XT4 on the same assembly line.

Despite a decline of 12.5% in sales during the initial three months of the year, the Malibu experienced a 13% increase in sales, totaling 130,000 units in 2023.

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