GM's Cost-Cutting Measures: Layoffs and Goodbye to Iconic Models
General Motors has halted production of the Chevy Bolt, a low-priced alternative to the Tesla Model Y, and laid off over 1,300 workers. GM claims it will bring back the Bolt in 2025, but critics argue that the company has consistently made poor decisions regarding EVs. The Bolt has seen increased sales this year, outperforming more expensive EVs based on GM's newer Ultium EV platform. The Chevy Bolt EUV, which offers advanced hands-free driver assist technology, remains available at a lower price point compared to the Model Y and other GM EVs. The EV market is in need of an affordable electric SUV, and the Bolt EUV fills that gap despite GM's questionable choices.