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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 12 sources · 4 days · First seen · Last updated
General Motors Corvette expansion strategy shifts
Overview
General Motors has reportedly abandoned plans to expand the Corvette brand into a wider high-performance lineup. Internal company sources cited by GM Authority suggest the company may halt development on several ambitious projects, including a fully electric SUV (internally identified as V224), an electric two-door sports car (V284), and potentially a four-door fastback sedan (V285).
The proposed strategy aimed to mirror the business model used by Porsche, utilizing high-volume models to fund specialized sports cars. These models were intended to utilize the GM Prime BEV platform. While Chevrolet has not officially confirmed these cancellations, the reported shift occurs amid unpredictable electric vehicle demand in the United States. For now, the company appears to be maintaining focus on the existing C8 Corvette lineup and the development of the next-generation C9 model.
Entities
General Motors · Porsche · Chevrolet · Corvette · Changan
Timeline
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[BUSINESS] 4 sourcesGeneral Motors reportedly cancels Corvette SUV and electric expansion plans
General Motors has reportedly shelved plans to expand the Corvette brand into an electric SUV and multi-door lineup, focusing instead on its core sports car models.
Sources
autocar.jp · autoevolution.com · carnews.com · ecoloauto.com · hibridosyelectricos.com · laopinion.com · lnt.ma · motorimagazine.it · mundodeportivo.com · novini247.com · topgear.bg · tr.motor1.com