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GM's Shocking Announcement Rattles the Car Market! (Video)

Saturday, November 16, 2024 2:35

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This is a 16 November 2024 video.

General Motors (GM) has laid off 1,695 employees at its assembly plant in Fairfax, Kansas, where the company will soon cease production of its iconic Malibu model and reconfigure the factory “to build a new generation of the Chevrolet Bolt EV,” CNN has reported.

The company said it also plans to discontinue the Camaro, adding “the decisions come as part of the automaker’s larger goal to focus on EVs.”

With the discontinuation of the Malibu and Camaro, General Motors’ mainstream Chevy brand will only sell trucks, SUVs and the Corvette in the United States.

https://youtu.be/T938bBK1tR0

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