Who said they are throwing in the towel? Instead, they are talking about giving what most people want: a crossover using the Volt technology.
If you look at sales figures, sedans are an endangered species. Every year less are sold. Guess what people are buying instead? SUV's and CUV's.
The announcement took place at GM's Design Dome. There were a number of cars hidden by dust sheets. We were given a sneak peek at three of these—a conventional-looking midsize crossover and two more futuristic vehicles.
https://arstechnica.com/cars/2017/1...ll-electric-future-20-new-evs-coming-by-2023/