Energy
GM to end production of the Chevrolet Malibu after 60 years to make more EVs
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General Motors (GM) has made an announcement regarding its Chevrolet lineup, marking the end of an era for one of its long-standing models. After a six-decade run and being driven by over 10 million individuals, GM has declared that production of the Chevrolet Malibu will come to a halt.
The decision to retire the Malibu is part of GM’s shift toward electric vehicles (EVs). The company cited the need to modify its plant to accommodate the increased production of EVs as one of the driving reasons it will no longer offer its iconic sedan.
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“To facilitate the installation of tooling and other plant modifications, after nine-generations and over 10 million global sales, GM will end production of the Chevrolet Malibu in November 2024,” GM spokesperson Kevin Kelly said in a statement.
Instead, GM will be investing $390 million to upgrade facilities at its Fairfax Assembly Plant in Kansas so the company can roll out a new model of its Chevrolet Bolt — a smaller electric car, scheduled for release in 2025.
Apart from the Corvette, the Malibu was the last remaining traditional vehicle from Chevrolet available in the United States. In 2023, the car was purchased over 130,000 times, but that total reflected a nearly 10% drop-off compared to the prior year.
[JACK AYLMER]
THEY’VE BEEN ON THE ROAD FOR THE LAST SIX DECADES AND DRIVEN BY OVER 10 MILLION PEOPLE.
BUT NOW, THE RIDE IS FINALLY OVER for one classic model. ANY GUESS WHICH CAR THIS IS?
[CHEVY AD]
We removed all the badging and all the logos so you won’t know what brand it is.
It’s a Chevy Malibu!
[JACK AYLMER]
GENERAL MOTORS HAS ANNOUNCED THEY WILL CEASE PRODUCTION OF THE CHEVROLET MALIBU.
INSTEAD, GM WILL BE REDIRECTING ITS EFFORTS TOWARDS EVS.
OUTSIDE OF THE CORVETTE, THE MALIBU WAS THE LAST REMAINING TRADITIONAL VEHICLE FROM CHEVY AVAILABLE IN THE U.S.
THIS SEDAN WAS PURCHASED OVER 130 THOUSAND TIMES LAST YEAR, A 10 PERCENT DROP OFF FROM 2022.
AMID THE DECLINING SALES, GM WILL OFFICIALLY RETIRE THE MALIBU IN NOVEMBER.
SAYING THE MOVE IS NECESSARY TO MAKE PLANT MODIFICATIONS SO THE COMPANY CAN PRODUCE A HIGHER VOLUME OF EVS IN THE FUTURE.
IT’S PART OF AN ALMOST 400 MILLION DOLLAR EFFORT BY THE AUTOMAKER TO MAKE THE NECESSARY UPGRADES FOR BUILDING MORE ELECTRIC VEHICLES.
THIS WILL ALLOW GM TO BEGIN PRODUCTION ON A NEW VERSION OF THE CHEVROLET BOLT, a SMALL ELECTRIC CAR.
EXPECTED FOR RELEASE IN 2025.
FOR MORE UPDATES ON E-VS AND THEIR IMPACT ON THE AUTOMOTIVE INDUSTRY BE SURE TO DOWNLOAD THE STRAIGHT ARROW NEWS MOBILE APP.
ONCE YOU DO – SIGN UP FOR ALERTS FOR STORIES FROM ME JACK AYLMER.
SO YOU NEVER MISS A STORY.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this data
Left 29%
Center 57%
Right 14%
Bias Distribution
7 other sources covering this story
Total News Sources
7
Leaning Left
2
Center
4
Leaning Right
1
Last Updated
8 months ago
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