Archive for the ‘Chevrolet’ Category

GM Rams $150 Million into Flint Plant to Up HD Truck Production

Move marks second big truck investment in a month.

by on Jun.12, 2019

General Motors President Mark Reuss touted the "opportunities" available to the company with the $150 million investment the Flint Assembly plant.

General Motors is in the business of building trucks and if the company’s move to invest $150 million into its truck plant in Flint, Michigan, is any indication, business is good.

Just last month, the company announced plans to invest $24 million into its Ft. Wayne, Indiana plant to help expand its light-duty truck production. Today’s announcement is to ramp up production of GM’s heavy-duty versions of the Chevrolet Silverado and GMC Sierra.

News Now!

“We have tremendous opportunities to grow our heavy-duty pickup business, because we’ve invested in capability, performance, innovation and capacity,” said Mark Reuss, GM president. (more…)

GM Revives Trailblazer Name for Small Korean-Built SUV

Move sidesteps Trump's push for more U.S. production.

by on Jun.05, 2019

General Motors is ignoring pressure from President Donald Trump to build more vehicles in the U.S, building its new small SUV in Korea.

General Motors Co. is resurrecting an old name for a new sport-utility vehicle built in South Korea for sale in the United States. The Trailblazer returns as a small ute starting in 2020.

“We consider several factors when selecting where to manufacture vehicles,” a GM spokeswoman noted in an email. “There were efficiencies to use the existing production facility in Korea. At this time, we can confirm these markets for Trailblazer: U.S., Canada and Korea.”

Business News!

The decision suggests GM’s management has decided to continue down the path of globalization despite the hectoring by President Donald Trump to bring manufacturing jobs back to the U.S. (more…)

Auto Stocks Taking a Beating as Industry Prepares for Mexican Tariffs

Domestic, import automakers alike hammered by Trump plan.

by on Jun.03, 2019

GM imports more vehicles from Mexico than any other automakers, including the Chevy Silverado.

It’s a bear market, at least when it comes to automotive stocks, with Pres. Donald Trump’s planned tariffs on Mexican imports set to go into effect a week from today.

Last Friday, the president tweeted that he was prepared to enact a new 5% tariff on Mexican goods in an effort to pressure that country to stem illegal immigration across the southern border. Barring any resolution, Trump said that would continue to climb to 25% by October 1.

Beyond the Headlines!

Nearly a dozen manufacturers would quickly be forced to either raise prices on vehicles imported from Mexico and risk weakening sales, or absorb the tariffs and take a hit to their bottom lines. But even vehicles produced in the U.S. would face tariffs on imported parts and components, such as engines, wiring harnesses and body and interior trim, according to industry analysts.

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GM Investing $24M in Ft. Wayne Plant to Boost Pickup Production

Move follows major investment in Michigan HD truck plant.

by on May.30, 2019

GM Chairman Mary Barra talks with workers at the company's Fort Wayne truck plant where it plans to invest $24 million to expand production.

With pickup sales continuing to skyrocket, despite the overall slowdown in the U.S. automotive market, General Motors said Thursday it will invest $24 million to boost production at the Fort Wayne, Indiana plant that produces two of its most profitable trucks.

The move will not only boost output of the full-size Chevrolet Silverado and GMC Sierra models, but may also offer an opportunity for some of the workers displaced by the closure of two other GM assembly plants in Michigan and Ohio.

Business News!

“The team here at Fort Wayne has done an outstanding job helping us satisfy customers throughout this launch,” GM CEO Mary Barra said during an announcement at the Fort Wayne plant which currently employs about 4,230 hourly workers. (more…)

Automakers Still Looking for Top Price on Full-Size Pickups

Trucks continue growing bottom line for automakers.

by on May.21, 2019

The Sierra HD 3500 makes an audacious debut pulling 225,000 pounds of yacht and trailer. It also gets an audacious price tag.

Truck sales are booming, which is good news for automakers since they result in big profits. Only adding to their bottom-line delight is that the fastest growing area are the highly profitable “luxury” trucks with price tags zipping past $60,000.

New full-size trucks in 2018 were 16% more expensive than those in 2015, and midsize trucks were 3% more expensive, according to CarGurus.com. In fact, the top end of the market has trucks passed the $80,000 mark, and the good news is that there is probably room for even more expensive pickups, according to one truck executive.

Product News!

“I think there’s still an opportunity (in vehicles) for traditional luxury items, like more materials, audio systems, things like that,” said Duncan Aldred, vice president, Global Buick and GMC, recently during a meeting with journalists. (more…)

General Motors Debuts New Digital Brain for Future Vehicles

New architecture allows for future connected car tech.

by on May.21, 2019

GM's new digital vehicle platform can process 4.5 terabytes per hour and will debut on the 2020 Cadillac CT5 sedan.

General Motors is pushing to remain a leader in autonomous technology with new vehicles and mobility services; however, it’s latest development may be the most critical to ensure it remains at the front of the pack.

The company unveiled its new all-new digital platform architecture, designed with the needs of future, such as connected cars, autonomous electric vehicles and other technologies, in mind. Until now, GM has been loading up its previous gen architecture with new tech, despite the fact it is more than 20 years old and comes with limitations.

Product News!

The new architecture, which will underpin the 2020 Cadillac CT5 sedan and its Super Cruise semi-autonomous driving feature, should be available across nearly all GM product lines by 2023, the company says. (more…)

Tesla Updating Software After Latest Battery Fire

Two recent incidents raise new concerns about EV safety.

by on May.16, 2019

A security camera caught images of a Tesla spontaneously catching fire in a Hong Kong garage.

Responding to the latest in a series of fires involving its electric vehicles’ battery packs, Tesla will updated its digital control software.

The move comes in the wake of a pair of fires in China, a critical market for the manufacturer, both involving parked vehicles. Since the original Tesla Model S was introduced, the company’s products have been involved in more than a dozen vehicle fires.

Electrifying News!

“As we continue our investigation of the root cause, out of an abundance of caution, we are revising charge and thermal management settings on Model S and Model X vehicles via an over-the-air software update that will begin rolling out today, to help further protect the battery and improve battery longevity.” Tesla said in a statement released on Wednesday.

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“You Want to Be There” When the EV Market Takes Off, Ford CEO Hackett Tells Shareholders

The upcoming “Mustang-inspired,” all-electric SUV will “reconceptualize’ the way cars are designed.

by on May.09, 2019

Ford is counting on its "Mustang-inspired," long-range electric SUV, codenamed Mach1, to help it plug into the emerging BEV market.

Ford Motor Co. will launch its “Mustang-inspired,” crossover later this year, its first long-range battery-electric vehicle, and CEO Jim Hackett told shareholders that while the EV market has been slow to build momentum, “When it happens you want to be there.”

Hackett focused a lot of his energy on describing the automaker’s electrification plans during Ford’s first “virtual” shareholders meeting on Thursday, clearly hoping to build support for a program in which it plans to invest $11 billion by 2022, more than double what Hackett’s predecessor, Mark Fields, had committed to spend by 2020. All told, Ford has laid out plans to roll out 40 hybrids, plug-ins and pure battery-electric vehicles, or BEVs.

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Insight!

The question is whether there will be a market for those vehicles, especially when considering the generally tepid response for earlier Ford battery-based models like the C-Max Energi, a PHEV, and the Ford Focus Electric, a BEV. (more…)

Barely One in Six Americans “Likely” to Buy an EV Next Time They’re in the Market

New AAA study finds millions more might enter market – if gas prices top $5/gallon.

by on May.09, 2019

The Jaguar I-Pace is one of the winners of AAA's annual Top Green Vehicle Award.

Less than one in six Americans say they’d give serious consideration to buying an all-electric vehicle next time they’re in the market for a new car, truck or crossover, according to a new AAA study, a finding that could spell trouble for the automakers ready to launch dozens of new battery-electric vehicles, or BEVs, over the next several years.

The good news for the industry is that as many as 40 million Americans say they’d at least consider the merits of an all-electric model. But, according to the study released today, U.S. motorists remain confused about both the benefits and limitations of battery-cars.

Green Car News!

“Today, more than 200,000 electric cars can be found on roads across the country as almost every manufacturer sells them,” said Greg Brannon, AAA’s director of Automotive Engineering. “But, like other new vehicle technologies, Americans don’t have the full story and that could be causing the gap between interest and action.”

(more…)

New Corvette Stalling Sales of the New Corvette

Fans waiting for the mid-engine C8, slowing C7 sales.

by on May.06, 2019

General Motors is adding a second shift and more than 400 hourly jobs at its Bowling Green (Kentucky) Assembly plant in preparation for the C8 Corvette.

The new Corvette is the best ever — and no one wants one.

Well, perhaps not no one, but with the news confirming that the eighth-generation, mid-engine ’Vette is due to arrive later this year, sale of the America’s sports car are fading even faster than they have for the past few years.

Beyond the Headlines!

Corvette sales hit their high-water mark at about 37,000 in the U.S. in 2006. (more…)


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