During a virtual fireside chat with media today, GM CEO Mary Barra stated that she does not anticipate any further reductions to the automaker’s internal-combustion product portfolio. Barra’s statement comes amid GM’s push to develop a swath of new all-electric vehicle products, sometimes at the cost of discontinuation for existing underperforming or unprofitable gas-powered products.
When asked by media about further reductions to the automaker’s gas-powered offerings, Barra responded by saying, “I don’t see any further reductions.”
“The team took appropriate cost-cutting actions and we’re on a good path now,” the GM CEO added.
However, it’s unclear if Barra’s statement takes into account some of the assumed future discontinuations. For example, as we reported last week, the Chevrolet Malibu’s future is uncertain, as sales have fallen off precipitously since the latest generation’s debut for the 2016 model year, and although it was originally slated to stick around until 2025, it now looks like the Malibu may be dropped outright following the 2023 model year.
Unfortunately, the iconic Chevrolet Camaro may also may be on the chopping block, with the current Alpha-based model set for discontinuation, and no plans to develop a new model currently in sight. It’s possible that the Camaro may be redone as an electric vehicle, or a different vehicle type entirely.
Over the past two years, General Motors has been aggressive in trimming down it’s gas-powered vehicles in the push to develop new all-electric vehicle technology and autonomous vehicle technology. Models that have fallen by the wayside during this time include the Chevrolet Impala, Buick LaCrosse, Chevrolet Volt, Chevrolet Cruze, and the Cadillac CT6. The entire Buick Regal lineup will also be killed off after the 2020 model year.
Note that these discontinuations are for North America only, and that the situation is different in the Chinese market.
All told, GM CEO Mary Barra may have confirmed that the automaker’s gas-powered portfolio is indeed leveling out, but where it’ll eventually level out still remains to be seen.