Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 26 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

Business News

U.S. News

The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard.

FILE - A Chevrolet logo is shown at the North American International Auto Show in Detroit, Sept. 13, 2023. General Motors confirmed Thursday, May 9, 2024, that it will stop making the car introduced in 1964 as the company focuses more on electric vehicles. –

Now the U.S. auto market is dominated by SUVs and trucks. Full-size pickups from Ford, Chevrolet and Ram are the top selling vehicles in America, and the top-selling non pickup is Toyota's RAV4 small SUV. GM sold just over 130,000 Malibus last year, 8.5% fewer than in 2022. Sales rose to nearly 230,000 after a redesign for the 2016 model year, but much of those were at low profits to rental car companies.GM said it sold over 10 million Malibus, making nine generations since its debut.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines