General Motors is doubling down on gas-guzzling vehicles with a huge investment.
Business Insider reported on a $340 million cash infusion to boost the production of component manufacturing for gasoline-powered engines in Romulus, Michigan, and Toledo, Ohio.
The Toledo plant will get $40 million, while the Romulus facility will receive the remaining $300 million.
"The demand for EVs didn't go as quickly as we thought it was going to be, so we're kind of shifting back," explained Mike Trevorrow, GM's senior vice president of global manufacturing, per the publication. "We'll continue to give people what they want."
GM is determining that what customers want is vehicles with internal combustion engines. The brand's full-size trucks and SUVs, in addition to the Corvette, deliver the lion's share of its profits, according to Business Insider.
Still, there's no denying that the momentum for EVs is stalling after the government phased out a $7,500 tax credit for domestically produced models. Cox Automotive put the damage at a 27% decline in year-over-year sales in the first quarter of 2026.
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GM isn't completely abandoning electric vehicles, though. The brand brought back the Chevy Bolt for a limited run, and it has stopped producing just one of its EVs, the less popular Brightdrop Panel Van.
"We have not gotten rid of any EV production," Trevorrow continued. "We maintained it and continued to invest in other areas where maybe the demand has gone up as well."
GM's top rival, Ford, and its CEO, Jim Farley, have also grappled with China's head start in EV production, but Trevorrow brushed off some of those concerns.
"There are things that the newer Chinese vehicles might be introducing, but we have not seen a long record of them," he told Business Insider. "There's a reputation issue that could be coming to play."
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