General Motors (GM) has announced that it will cease production of the iconic Chevrolet Malibu later this year, marking the end of a 60-year era. This decision is part of GM’s strategic shift towards electric vehicles (EVs). The Chevrolet Malibu, a gasoline-powered car, has been a staple of GM’s lineup since 1964, with over 10 million units sold worldwide. However, its production will come to a halt in November.
GM is investing $390 million in its Kansas assembly plant to manufacture the next generation of Chevrolet Bolt EVs. The previous generation of the Bolt was discontinued in December. This move is in line with GM’s recent trend of prioritizing crossover and sport utility vehicles over cars. In fact, the Malibu is the last Chevrolet car offered in the United States, apart from the Corvette. The Chevrolet Camaro’s production was also terminated last year.
In addition to the shift towards EVs, GM announced that it will temporarily halt the production of the Cadillac XT4 after January 2025 in Kansas. This will result in layoffs of production employees until production resumes in late 2025 for both the Bolt EV and XT4 on the same assembly line.
Read more: nypost.com