General Motors Co. (NYSE:GM) will reportedly suspend development efforts of its next-generation EV pickup truck as the U.S. auto sector scales back on all-electric mobility.
GM To Suspend EV Pickup Development
The Detroit-based automaker will be delaying the development of the EV pickup at its Factory Zero plant in Michigan indefinitely, according to a report by Crain’s Detroit Business on Tuesday, which cited anonymous sources familiar with the matter.
GM did not immediately respond to Benzinga‘s request for comment.
The report also said that the company was planning an update to its full-size pickup truck line by 2028, with plans to introduce lower-cost variants. GM had earlier ended the production of its most affordable EV, the Chevrolet Bolt EV, which retailed for $29,990.
The company had last year recorded …
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