General Motors ( GM ) — the manufacturer of Buick, Cadillac, Chevrolet, and GMC vehicles — has confirmed the end of one of the most popular sedans in the U. S. as the company switches focus to electric vehicles ( EVs ).
The Chevrolet Malibu, dubbed” the last midsize car made by a Detroit automaker” by the Associated Press, ( AP ) is heading for the junkyard, the outlet reported.
The classic car, first introduced in 1964, sold about 130, 000 products in 2023, down from 230, 000 revenue in 2016 — with many of those being at a lower income to car rental companies.
Cars and trucks now dominate the automobile sector, with conventional vehicles making up less than 20 percent of total U. S. auto sales, CNN reported, citing figures from Cox Automotive.
Medium cars accounted for only eight percent of new U. S. car selling in 2023, along from 22 percent in 2007, the AP reported.
In its fight to become a staple in American homes, GM claimed to have sold more than ten million Malibus in the first nine generations.
The manufacturer’s Kansas City plant is set to stop producing the Malibu in November, after which it will reportedly get a$ 390 million “retooling” to build a new version of the Chevrolet Bolt — a small EV.
