GM says it will stop building electric Chevy Bolt by end of 2023

The Bolt is now GM’s top selling EV, but the plant north of Detroit that builds it is being converted to make electric trucks.

DETROIT — Strong sales in the U.S. helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year profit guidance based on expectations demand for its vehicles will remain robust.

The Detroit automaker made $2.37 billion from January through March, up from $1.99 billion in the previous year.

Excluding a $900 million charge to pay severance packages to about 5,000 white-collar workers who took buyouts during the quarter, GM made $2.21 per

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