GM ending production of Cadillac XT4 SUV as it shifts to electric vehicles
Adds more details in paragraphs in 4-8
By David Shepardson
Nov 7 (Reuters) -General Motors GM.N said on Thursday it will end production of the gas-powered Cadillac XT4 SUV in January as it shifts production at its Kansas plant to electric vehicles.
The Detroit automaker is investing $390 million at its Fairfax, Kansas, assembly plant to build next-generation Chevrolet Bolt EVs. GM plans to end production of its Chevrolet Malibu this month.
GM had said in May that when it resumed production in 2025 in Kansas it would build both the Bolt EV and XT4 on the same assembly line, but now will only build Bolt vehicles. GM halted production of the prior-generation Bolt in December 2023.
GM sales of XT4 vehicles are down 12% to 17,807 this year.
GM said in September it would lay off 1,695 workers at its Fairfax plant. GM said the first of two rounds will begin on Nov. 18, affecting 686 full-time workers and terminating 250 temporary employees.
Under the second phase, to begin on Jan. 12, 759 full-time workers will be laid off, GM said. GM plans to recall the full-time workers once the plant resumes production of the Bolt in late 2025.
GM has sold more than 10 million Malibus since 1964 worldwide.
GM has been shifting away from cars in favor of building more crossover and sport utility vehicles in recent years. The Malibu is the last remaining Chevrolet car offered in the United States besides the Corvette. GM ended production of the Chevrolet Camaro late last year.
Reporting by David Shepardson
Editing by Chris Reese and Rod Nickel
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限,并允许个人查看和/或使用网站或网站所提供的内容,但无意进行任何更改或扩展,也不会更改或扩展其服务和访问权限。所有访问和使用权限,将受下列条款与条例约束:(i) 条款与条例;(ii) 风险提示;以及(iii) 完整免责声明。请注意,网站所提供的所有讯息,仅限一般资讯用途。此外,XM所有在线交易平台的内容并不构成,也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容,包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接,皆保持不变,并作为一般市场评论所提供,而非投资性建议。所有在线交易平台所发布的资料,仅适用于教育/资讯类用途,不包含也不应被视为适用于金融、投资税或交易相关咨询和建议,或是交易价格纪录,或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解,XM非独立投资研究提示和风险提示相关资讯,更多详情请点击 这里。