Archive for the ‘Buick’ Category
Support comes despite conflicting study from IMF.
by Joseph Szczesny on Apr.19, 2019
A new report from the U.S. Trade Representative says the new USMCA will bring substantial benefits; however, an IMF study suggests otherwise.
Detroit’s automakers are rushing to defend a report from the Trump administration that touts the benefits of the new North American Free Trade Agreement.
The Trump administration report, produced by the United States Trade Representative (USTR), was released Thursday in advance of less than an underwhelming independent government estimate of the economic impact of proposed U.S. Mexico Canada Agreement, or USMCA.
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Trump has portrayed the new agreement he negotiated as a replacement for NAFTA as likely to lead to a rush of new investment and jobs in the U.S. and an end to the outsourcing he and others have blamed for a hollowing out of American manufacturing. (more…)
Tags: AAPC supports Trump report on USMCA, AAPC supports USTR report on USMCA, AAPC supports new NAFTA report, American Automotive Policy Council, TheDetroitBureau.com., USMCA report, auto news, joseph szczesny, thedetroitbureau
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, Chrysler, Dodge, Executives, FCA, Ford, GM, GMC, Lincoln, Markets, NAFTA, Personalities, Politicians, Ram, Regulatory, Sales, Trade, U.S./North America | No Comments »
Buick takes top honors in non-premium segment.
by Michael Strong on Mar.14, 2019
Porsche took first place in JD Power's 2019 Customer Satisfaction Index, ahead of Lexus and Cadillac.
Communication is key to the success or failure of any relationship, and perhaps nowhere is that more true than in the service department of an auto dealership.
Auto dealers that communicate the best, i.e. the way consumers want, finished atop J.D. Power’s new Customer Service Index ranking. This year, that means Porsche, Lexus and Cadillac took the top three spots in the luxury car rankings.
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In the mainstream results, Buick, Mini and somewhat surprisingly, Mitsubishi took the first three spots. Mitsubishi’s third-place finish came as a result of the greatest improvement (27 points) in the entire study year-over-year. (more…)
Tags: Customer service issues, J.D. Power Customer Service Index, Porsche tops Power Customer Service Index, TheDetroitBureau.com., auto news, dealers make difference for brands, j.d.power, michael strong, strong customer service, thedetroitbureau
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Executives, Lexus, Luxury Vehicles, Markets, Mini, Mitsubishi, Personalities, Porsche, U.S./North America | 1 Comment »
Terry Dittes ready to make tough demands of No. 1 automaker.
by Joseph Szczesny on Mar.12, 2019
Terry Dittes, vice president of the GM Department for the UAW, said its time for GM to build more vehicles in the U.S.
The leader of the United Auto Workers responsible for negotiations with General Motors took aim at the automaker’s Mexican production during a speech at the UAW Special Convention on Collective Bargaining in Detroit.
Terry Dittes, UAW vice president in charge of union’s GM Department, said in a report to the 900 delegates that roughly one third of the vehicles GM sells in the U.S. now come from Mexico and that will be a major issue in the UAW’s upcoming contract talks with the automakers.
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“Don’t kid yourself there are more plants that may be in jeopardy as time goes on,” Dittes warned the delegates. “This is not a good will speech. (more…)
Tags: Terry Dittes UAW vice president, TheDetroitBureau.com., UAW GM negotiations, UAW GM plans, UAW bargaining convention, UAW demands for General Motors, UAW's GM negotiator, auto news, gm news, joseph szczesny, thedetroitbureau, uaw news
Posted in Automakers, Buick, Business, Cadillac, Chevrolet, Contract Negotiations, Executives, GM, GMC, Markets, Personalities, Sales, Trends, U.S./North America, UAW, Union | Comments Off
Expect tough talks with auto companies.
by Joseph Szczesny on Mar.11, 2019
UAW President Gary Jones will be looking to get back from union locals across the country.
The United Auto Workers heads into its bargaining convention this week against tumultuous backdrop that includes suddent plant closing, a grinding federal investigation of the union’s handling of training funds and grumbling among union members, who have made it plain this winter the expect some gains when the UAW goes to the bargaining table this summer with Detroit’s three automakers.
The resolutions adpted during the meeting will be broad so as not to encumber union bargainers in future negotiations but specific enough to shape the tenor of upcoming talks not only in the auto industry but also other sectors where the union has members.
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“It is an ideal way to get members from a variety of workplaces and backgrounds together and discuss what is important to their fellow workers, their families and their communities,” UAW President Gary Joines said in a new issue of Solidarity, the union’s magazine. (more…)
Tags: TheDetroitBureau.com., UAW President Gary Jones, UAW and automakers, UAW leaders meet, UAW members focus on labor talks, UAW prods members for information, UAW readies for labor talks, UAW taps membership, auto news, joseph szczesny, thedetroitbureau, uaw news
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, Chrysler, Contract Negotiations, Dodge, Executives, FCA, Ford, GM, GMC, Leaders, Lincoln, Markets, Personalities, U.S./North America, UAW, Union | Comments Off
Chevy delivers a surprise in J.D. Power 2019 Vehicle Dependability Study.
by Paul A. Eisenstein on Feb.13, 2019
The Prius is one of the vehicles that helped Toyota lead the latest J.D. Power Vehicle Dependability Study.
Toyota and its luxury arm Lexus captured the top spots among mainstream and premium brands in the latest J.D. Power Vehicle Dependability Study, but the 2019 VDS also delivered more than a few surprises when it comes to how three-year-old vehicles are holding up.
The study placed Lexus at the top of the charts, followed by Porsche and then Toyota, but Chevrolet nabbed the fourth spot, a significant turnaround for a brand struggling to convince potential buyers it has overcome the quality and reliability issues of the past.
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The new Power VDS shows that Japanese automakers no longer have a lock on vehicle dependability. Tellingly, only Toyota and Lexus landed in the top 10 this year, while the list also included two American brands, four from Germany and both of the South Korean carmakers operating in the U.S.: Hyundai and Kia. (more…)
Tags: J.D. Power Vehicle Dependability Study, J.D. Power news, Japan out of vehicle dependability, Lexus and Toyota top vehicle dependability, Lexus leads Power VDS, TheDetroitBureau.com., auto news, paul a. eisenstein, power vds, thedetroitbureau
Posted in Automakers, Automobiles, BMW, Buick, Business, Cadillac, Chevrolet, Executives, Hyundai, Lexus, Markets, Mini, Personalities, Porsche, Quality and Reliability, Sales, Toyota, U.S./North America | Comments Off
Company ups effort to end racist acts in Ohio plant.
by Michael Strong on Feb.12, 2019
Several employees have reported incidents of racial intimidation at GM's powertrain plant in Toledo, Ohio.
General Motors’ battle against racist acts in an Ohio plant is getting more serious as the automaker is now offering a $25,000 reward to anyone who has information about nooses and other racist symbols appearing at the site.
The company began offering the $25,000 reward in January at the GM Powertrain plant in Toledo, after a string of complaints from employees about the behavior of other employees starting in early 2017 and symbols evolved into a lawsuit against the company in the fall of 2018.
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“We have zero tolerance for discrimination, and we’re doing everything we can to identify the culprit. This is another step we’ve taken, working with police to intensify the investigation,” GM said in a statement to the Free Press. “We’re outraged that anyone would face threats, and our hearts go out to anyone affected by this bigotry.” (more…)
Tags: GM fighting racism in Ohio plant, GM noose reward, GM plant nooses, GM racism, GM racist Ohio plant, GM reward to catch noose hangers, GM struggle with racism in Ohio plant, General Motors $25K reward, TheDetroitBureau.com., auto news, gm news, michael strong, thedetroitbureau
Posted in Automakers, Buick, Business, Cadillac, Chevrolet, Executives, GM, GMC, Lawsuits/Legal, Markets, Personalities, Politicians, U.S./North America, UAW, Union | Comments Off
Musician shows support with performance of musical in Oshawa.
by Michael Strong on Feb.11, 2019
Actor/musician Sting and the cast of The Last Ship in Toronto are going to Oshawa for a free performance to support workers at the GM plant that is shutting down.
Union workers at General Motors’ plant in Oshawa, Ontario, have found a high-profile ally in their fight to prevent the announced closure of the plant: Musical star Sting.
The musician, who has won multiple Grammys and fronted The Police before expanding into acting and musical theater, is joining forces with Unifor in protest of the plant closure. He and the cast of his musical, The Last Ship, are performing in Oshawa on Thursday.
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The musical is currently playing at the Princess of Wales Theatre in Toronto. However, it will travel to Oshawa for this performance – at no cost. Unifor is paying the cost to rent the theater. (more…)
Tags: Sting joins Unifor protest of Oshawa closure, Sting lends support to GM workers in Oshawa, Sting performance supports Oshawa workers, Sting protesting Oshawa closure, The Last Ship performance supports Oshawa workers, TheDetroitBureau.com., Unifor news, auto news, gm news, michael strong, thedetroitbureau
Posted in Automakers, Buick, Business, Cadillac, Celebrities, Chevrolet, GM, GMC, Markets, Personalities, U.S./North America, Unifor, Union | Comments Off
Automaker betting numbers will look even better as truck production ramps up in 2019.
by Paul A. Eisenstein on Feb.06, 2019
GM reported stronger than expected earnings as Chairman and CEO Mary Barra continues to reshape the company.
General Motors handily beat Wall Street’s earnings forecast for the fourth quarter and full year a strong performance that reflects both booming truck demand and the payoff of shedding the company’s long-struggling European operations.
For the final quarter of 2018, GM delivered earnings of $1.43 a share — $1.40 after excluding special items. The consensus, according to Zacks Investment Research, was $1.24. For the full year, earnings came to $6.54 a share, well ahead of the consensus forecast of $6.29. After special charges, the figure dropped to $5.58 per share.
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GM’s overall $8.1 billion profit for all of 2018 was more than double the $3.9 billion number from the year before, but the 2017 figure reflected a significant hit from the sell-off of the company’s long-troubled European Opel-Vauxhall subsidiary. It was acquired by PSA Group, parent of the Peugeot and Citroen brands. (more…)
Tags: GM beats earnings expectations, GM beats the street's expectations, GM doubles full-year profits, GM earnings results, GM financials, GM reports $8.1 billion profit, TheDetroitBureau.com., auto news, gm news, gm profits, paul a. eisenstein, thedetroitbureau
Posted in Asia Pacific, Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, China, Earnings, Europe, Executives, Financials, GM, GMC, Markets, NAFTA, Opel, PSA, Personalities, Pickups, SUVs, Sales, South America, Trends, U.S./North America | Comments Off
Goal is to complete handing out pink slips before Q4 earnings release.
by Paul A. Eisenstein on Feb.01, 2019
General Motors plans to terminate 4,000 jobs in its North American operations on Monday.
General Motors will begin involuntary layoffs on Monday, hoping to complete the latest round of cutbacks before releasing its fourth-quarter earnings on Wednesday.
In all, about 4,000 workers in its North American operations will be terminated, part of a broader series of cuts expected to save the automaker billions of dollars and help it prepare for an expected slowdown of the U.S. automotive market during the next several years.
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“This is not going to be like Black Friday,” one source told TheDetroitBureau.com, referring to the massive cutback GM ordered in the run-up to its 2010 bankruptcy. (more…)
Tags: GM North America job losses, GM cutting 4K workers, GM terminations, General Motors terminating 4K workers, Mary Barra plants cuts, TheDetroitBureau.com., auto news, gm job cuts, gm news, paul a. eisenstein, thedetroitbureau
Posted in Automakers, Automobiles, Buick, Business, Cadillac, Chevrolet, Executives, Financials, GM, GMC, Investors, Markets, Personalities, Sales, Trends, U.S./North America | Comments Off
New Cadillac gets new engine.
by Michael Strong on Jan.24, 2019
The Spring Hill plant will build the new 6.2-liter V8 for GM's full-size trucks.
(This story has been updated for clarity.)
General Motors plans to invest $22 million at its plant in Spring Hill, Tennessee plant to build its newest fuel-efficient engines.
Additionally, GM will add more than 200 jobs at the plant to make its new three-row Cadillac crossover, the XT6. The new crossover is expected to hit showrooms in late spring.
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The plant employs about 3,800 people. (more…)
Tags: GM Spring Hill plant, GM crossover plant, GM plans, GM puts $22 million into Spring Hill, General Motors $22M plant investment, TheDetroitBureau.com., auto news, gm investments, gm news, michael strong, thedetroitbureau
Posted in Automakers, Buick, Business, Cadillac, Chevrolet, Crossovers/CUVs, Executives, GM, GMC, Markets, Personalities, Sales, Trends, U.S./North America | 3 Comments »
