{"id":131144,"date":"2024-06-12T17:40:00","date_gmt":"2024-06-12T16:40:00","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=3030054"},"modified":"2024-06-12T17:40:00","modified_gmt":"2024-06-12T16:40:00","slug":"gm-cuts-ev-production-forecast-by-50000-units-will-invest-850m-in-cruise","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/06\/12\/gm-cuts-ev-production-forecast-by-50000-units-will-invest-850m-in-cruise\/","title":{"rendered":"GM Cuts EV Production Forecast By 50,000 Units, Will Invest $850M In Cruise"},"content":{"rendered":"
\"\"<\/div>\n


\n<\/p>\n

\n
\n
    \n
  • The firm’s CFO confirmed the move while announcing $850 million in fresh investment for Cruise.<\/li>\n
  • GM says the market penetration of EVs in 2024 has been lower than expected.<\/li>\n
  • EVs from the brand will reach positive variable profit this year.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    General Motors has been forced to slash its EV production forecast for this year and expects to end 2024 having built between 200,000 and 250,000 electric vehicles. This comes despite the car manufacturer previously estimating it would produce upwards of 300,000 EVs this year.<\/p>\n

    <\/div>\n
    <\/div>\n