Ford will cut its projected investment in a new EV battery plant in Marshall, Michigan by $1 billion while also cutting back on the number of workers it expects to hire, the automaker confirmed Tuesday. The plant will roll out barely half as many batteries as originally expected, reports Headlight.News.
General Motors CEO Mary Barra likes to say the carmaker is “on a path to an all-electric future,” and no GM brand is moving faster than Cadillac. It’s already building the Lyriq, and is getting ready to roll out both the Escalade IQ and the exotic halo car, the Celestiq. Next, it seems is a downsized electric SUV, the Optiq, and these are the first teaser images. Headlight.News checks out the new EV and has insight on what it will offer.
Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
Once again, GM is delaying production of some of its new battery-electric vehicles, this time announcing that production of the Chevrolet Silverado EV and GMC Sierra EV pickups won’t start rolling out of the suburban Detroit Orion Assembly Plant until late 2025. But, as Headlight.News reports, limited numbers of Silverado EV commercial models are being produced at a second plant.