GM is delaying production of the Chevy Equinox, Silverado, and GMC Sierra Denali EVs by “just a few months.” The company’s Q3 earnings beat expectations despite the UAW strike.
General Motors announced the delay of production of its upcoming slate of electric vehicles, including the Chevy Equinox EV, Chevy Silverado EV, and GMC Sierra Denali EV. The news comes amid a broader environment in which EV demand is softening and prices are dropping, even as sales continue to grow year over year. The delay in production of “just a few months” is intended to protect pricing and enhance viability, GM CEO Mary Barra said.
” Despite the delays, GM beat Wall Street’s expectations for its third quarter, raking in $44.13 billion in revenue versus the $43.68 billion that was estimated. The earnings were announced as the automaker continues to negotiate with the United Auto Workers to end its strike, which is now in its sixth week. GM said the strike was costing it roughly $200 million a week in lost vehicle production.
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