WARREN The automotive industry is trending toward fully electric vehicles, larger trucks and SUVs, and new technology and local manufacturers like General Motors must adjust, an industry analyst said Monday.
The predictions from industry analyst Jeremy Acevendo came on the heels of GMs corporate realignment that includes eliminating operations at its Lordstown complex.
The auto industry trend, according to Acevendo, manager of Industry Analysis at Edmunds.com, a leader in automotive news, has automakers racing to perfect non-combustion engines.
GM fell in line with that goal when it announced last year its plans to be fully electric as soon as 2023.
Monday, the Detroit-based auto giant outlined details that included cutting up to 14,000 workers in North America and putting five plants including the Lordstown complex up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles.
Electrification seems to be the future of the industry, Edmunds.coms Acevendo said. If this technology takes off, the industry will be looking at a different landscape.
At the same time, American consumers have been moving in record numbers trucks and SUVs and away from small cars like the Lordstown-built Chevy Cruze.
Cruze sales have been ...