GM Shares Dip 0.44% as 245th-Ranked Trading Volume Drops 27.5% After Detroit Plant Production Halt Sparks Concerns Over EV Demand

General Motors (GM) saw a 0.44% decline in its stock on August 28, 2025, with a trading volume of $0.42 billion, marking a 27.5% drop from the previous day’s activity and ranking 245th in market volume. The move follows temporary production adjustments at its Detroit-Hamtramck Factory Zero facility, which produces the GMC Hummer EV and Cadillac Escalade IQ. Effective September 2, the plant will suspend first- and second-shift operations until October 6, impacting approximately 360 employees. The decision aligns with GM’s strategy to manage inventory levels amid softer demand for electric vehicles (EVs) in the U.S. market, according to a company statement. Affected workers will receive temporary layoff benefits under the GM-UAW contract.

The factory, which employs around 4,000 people, has previously faced production cuts this year. In April, GM temporarily reduced 200 positions at the same facility due to declining interest in its EV models. The latest shift closures extend this trend, adding 160 more affected employees. Kevin Kelly, a GM spokesperson, emphasized that such adjustments are part of the company’s standard process to balance supply with market conditions. However, industry observers note that broader challenges, including the phase-out of federal EV tax incentives and potential regulatory rollbacks under the Trump administration, could further dampen demand for GM’s electric offerings.

Query limit exceeded.