One of Chevy's longest running vehicle models has now fallen at the hands of the company's transition to EVs. The Chevy Malibu will be no longer, according to a new report from Car and Driver. The Chevy Malibu, one of the longest-running and most successful vehicles in history, is being discontinued again. Chevrolet informed Car and Driver that production will end in November 2024 as the automaker invests $390 million in its Fairfax Assembly Plant in Kansas.
Meanwhile just days ago we published an article highlighting how Ford's $120,000 loss per vehicle makes it fairly clear that California and the nation's EVs goals are unreachable. On April 24, Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.