Automakers betting on new EVs — despite sales downturn: ‘Market is going to come back’

Automakers betting on new EVs — despite sales downturn: ‘Market is going to come back’

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp downturn in sales after Washington eliminated a $7,500 EV tax credit. Kia said it would begin selling its lower-priced EV3 in the United States later this year, while Subaru offered a new three-row EV named … Read more

GM to end production of gas-powered Cadillac XT4 to make more EVs

GM to end production of gas-powered Cadillac XT4 to make more EVs

General Motors said Thursday it will end production of the gas-powered Cadillac XT4 in January as it shifts production at its Kansas plant to electric vehicles. GM is investing $390 million at its Kansas assembly plant to build next-generation Chevrolet Bolt EVs. GM will end production of the gas-powered Cadillac XT4 in January. Tamara Beckwith/NY Post … Read more

GM to stop making iconic Chevy Malibu after 60 years as it shifts to EVs

GM to stop making iconic Chevy Malibu after 60 years as it shifts to EVs

General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles. GM has sold more than 10 million Malibus since 1964 worldwide and will end production in November. The Detroit automaker is investing $390 million at its Kansas assembly plant to build next-generation … Read more