Core Viewpoint - General Motors (GM) is undergoing strategic changes in its production and has received a positive outlook from Barclays, which maintains an "Overweight" rating and raises the price target for GM stock. Group 1: Company Performance and Stock Information - GM's stock is currently priced at $81.14, reflecting a slight increase of 0.26% from the previous session, with a trading range today between $80.76 and $82.28 [4] - Over the past year, GM's stock has fluctuated between a high of $85.18 and a low of $41.60, with a market capitalization of approximately $75.69 billion [4] - Barclays has raised its price target for GM from $85 to $100, indicating confidence in the company's future performance [1][5] Group 2: Strategic Changes in Production - GM is shifting vehicle production from China and Mexico to its Kansas factory, which will result in the end of Chevrolet Bolt EV production at the Fairfax Assembly Plant [2][5] - The decision to relocate production is influenced by economic and political factors, including tariff policies and the conclusion of the federal EV tax credit, which have increased production costs in China and Mexico [2] - The 2027 Chevy Bolt EV, priced at $29,990, is one of the most affordable electric vehicles in the U.S., but its production is expected to cease in about 18 months [3][5] Group 3: Future Manufacturing Plans - GM plans to produce the next-generation Buick Envision at the Kansas facility, indicating a shift in its manufacturing strategy to adapt to market conditions and consumer preferences [3]

General Motors Co. (NYSE:GM) will reportedly end production of its most affordable EV, the Chevrolet Bolt, as well as move Buick production out of China into Kansas.GM's Production ReshuffleThe Detroit-based automaker will shift production of the Gas-powered Chevrolet Equinox and the upcoming Buick Envision away from Mexico and China, respectively, to its facility in Fairfax, Kansas, TechCrunch reported on Thursday.GM didn't immediately respond to Benzinga's request for comment.The move could also mean an e ...

General Motors is shuffling where its vehicles are made in a move that will shift production away from China and Mexico and to a U.S. factory in Kansas. That change will also mean the end of its rebooted Chevrolet Bolt EV, the only vehicle currently built at the Fairfax Assembly Plant in Kansas.The factory musical chairs reflect an economic and political environment, shaped by the Trump administration’s tariff policy and its decision to end the federal EV tax credit, which provided up to $7,500 off qualifyi ...