GM Scaling Back On EV Plans
It is being reported that General Motors, like other carmakers, is scaling back some of its ambitious electric vehicle (EV) plans due to lower-than-expected customer demand. The latest delay involves GM’s St. Catharines plant in Ontario, Canada, which was set to produce over 400,000 EV drive units annually. This shift was intended to transition the plant from manufacturing the profitable Gen 5 V8 engines and dual-clutch transmissions (DCT) used in the C8 Corvette. However, according to The St. Catharines Standard, these plans have been postponed due to slower-than-anticipated growth in…
Read More