GM postpones electric truck factory investment

General Motors has postponed its $4 billion investment plan to convert its Orion Assembly plant into an electric truck factory until the end of 2025. The company stated that it was desired to prevent the factory from remaining idle and to better manage capital investments in the conversion of the existing facility into an electric truck factory. General Motors, one of the largest automakers in the USA, has postponed its $4 billion investment in Orion for an electric truck factory to the end of 2025. The company stated that it was desired to prevent the existing factory, which will be converted for electric truck production, from remaining idle and to better manage capital investments while adapting to the developing demand for electric vehicles. It was stated that the automotive giant is also focusing on engineering improvements to be implemented to increase the profitability of its products. On the other hand, the softening in global electric vehicle demand is forcing automakers to adjust their timelines and plans to allocate billions of dollars to new factories or conversions of existing factories. General Motors’ Orion plant, which employs about 1,270 people, currently assembles the Chevy Bolt and Chevy Bolt EUV. The company plans to end production of both vehicles by the end of the year. Unionized employees at Orion will be offered other jobs at the Michigan auto plant. General Motors’ electric truck plant investment project includes expansion of the existing Orion plant, new body and paint shops, as well as new electric truck assembly lines and production for battery technology.