Toronto, Ontario — During its second-quarter earnings call, Mary Barra, General Motors CEO explained that many new vehicle models, such as the 2025 Cadillac Lyriq, will feature 24 percent fewer parts than 2024 models.
The automaker further reported to Inside EVs that the new Ultium-based Chevrolet and Cadillac models will also feature fewer components in order to reduce costs and improve production efficiency.
According to Barra, the list of parts that will no longer be manufactured in the 2025 models includes: seat assemblies, consoles and door trims, among others.
On the earnings call, GM further stated that it was able to eliminate more than 2,400 unique parts on ten vehicles it plans to launch through the first quarter of 2025. Models that will be included in the parts reduction process are the Chevy Equinox EV, Blazer EV, Silverado EV and Cadillac Optiq, among others.
Barra added that the strategy is helping GM meet its “US$2 billion fixed cost reduction program this year,” and that “the savings will be even greater in the future.”
GM concluded that this approach will help the company save two billion dollars in a “fixed cost reduction program.”
