South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
General Motors revealed this week that it will postpone expanding its electric truck production in Michigan. The automaker said it may take a year before it can resume and proceed with the expansion.
This means that General Motors will not be building a new facility for electric truck production until the latter part of 2025. The company said it stopped the plan to manage capital investment better. In addition, it wants to implement improvements to make the new EVs more profitable.
Change of Plans Also Suggest Possible Issues
Despite the explanation for the delay, CNBC reported that the move may also indicate the company’s ambitious EV plans, where it is expected to shell out billions of dollars. It was mentioned that the adoption of EVs has been slower than expected, which may be a problem since the production of electric vehicles is costly.
Carmakers may suffer huge losses if they make lots of units but cannot sell them, or sales could take a lot of time. The company clarified that the change in plans has no connection with the ongoing negotiations with the United Auto Workers union.
Pickup Production in Orion Assembly Plant
While building a new manufacturing plant for trucks will have to wait a little longer, General Motors will focus on manufacturing electric pickups first. These units are set to be produced at General Motors’ second facility in Michigan.
CNN Business mentioned that GM plans to begin producing electric pickups at its Orion Assembly, located just north of Detroit. This is also where the company is making its Chevrolet Bolt EV and Bolt EUV.
“General Motors today confirmed it will retime the conversion of its Orion Assembly plant to EV truck production to late 2025, to better manage capital investment while aligning with evolving EV demand,” GM said. “In addition, we have identified engineering improvements that we will implement to increase the profitability of our products.”
Photo by: CHUTTERSNAP/Unsplash
