Archive for the ‘GM’ Category

GM Revamps Responsibilities for Ammann, Reuss

Ammann focusing on autonomous vehicles, Reuss leads products, Cadillac

by on Jun.21, 2018

General Motors President Dan Ammann (right) with Cruise Automation co-founders Kyle Vogt (center) and Daniel Kan (left).

Two of General Motors top executives are getting new responsibilities with GM President Dan Ammann focusing on the company’s development of autonomous vehicles and Executive Vice President Mark Reuss taking on oversight of Cadillac and GM’s product portfolio planning.

Ammann will now be able to focus his efforts on the company’s ever-growing collection of autonomous vehicle subsidiaries, such as GM Cruise, as well as the deployment of these vehicles through a variety of outlets, such as Lyft.

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In the meantime, Reuss will bear down on the company’s global enterprises, product development as well as Cadillac. The luxury brand’s oversight comes a critical time as the company parted ways with Johann de Nysschen and replaced him with long-time GM executive Steve Carlisle. (more…)

Hyundai, Audi Latest Automakers to Partner Up

The pairing is just the latest in a growing line of partnerships.

by on Jun.20, 2018

Hyundai and Audi are partnering up to develop fuel cell technologies.

The automotive industry is increasingly becoming reliant on partnerships, the latest being the tie-up between Hyundai Motor Group and Audi AG.

Like so many other companies before them, the South Korean and German automakers are looking to find a way to get to the promised land of alternative fuel vehicles. In this case, the makers are partnering on the development of fuel cell electric vehicles.

Beyond the Numbers!

Unsurprisingly, whatever patents, technologies and revolutionary breakthroughs resulting from this new coalescence will trickle down, well, more like over to Kia Motors Co. and Volkswagen AG. Kia is Hyundai’s sibling and VW is Audi’s parent companies. These advances can also be shared among other affiliates within either group. (more…)

Big Surprises in 2018 JD Power Initial Quality Survey

Overall quality reaches record high – and Korean brands lead the surge.

by on Jun.20, 2018

The Genesis G90 topped its segment while the Genesis brand led the industry overall.

New vehicle quality has reached an all-time high according to the latest J.D. Power Initial Quality Survey, and the 2018 IQS reveals a number of surprising trends, starting with the fact that three Korean brands lead this year’s study.

The latest IQS, which looks at “things-gone-wrong” with vehicles during the first 90 days of ownership, reveals that traditional mechanical issues, whether powertrain problems or squeaks, rattles and wind noise, are today increasingly rare. Motorists are far more likely to experience issues with infotainment and advanced driver assistance systems, but many of those problems are also being addressed.

High Quality News!

“There’s no question that most automakers are doing a great job of listening to consumers and are producing vehicle quality of the highest caliber,” said Dave Sargent, the head of global automotive research for Power. “That said, some vehicle owners are still finding problems. As vehicles become more complex and automated, it is critical that consumers have complete confidence in automakers’ ability to deliver fault-free vehicles.”

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UAW President Jones Shakes Up Roles of Top Negotiators

Estrada moved from GM to FCA.

by on Jun.15, 2018

UAW former GM VP Cindy Estrada was part of an investigation by federal officials about the potential misuse of union funds. She now heads up FCA.

In one of his first moves, Gary Jones, the newly elected United Auto Workers president, tapped three new vice presidents to handle day-to-day relations and negotiations with Detroit three auto workers, and the choices included a few surprises.

Jones shifted Cindy Estrada from the General Motors Department, the first woman to head what has been long regarded the union’s flagship department, to lead negotiations at Fiat Chrysler Automobiles N.V. Department.

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Jones said he selected Estrada for Fiat Chrysler because the work force is younger and more technically savvy then their counterparts at GM and Ford, which have not hired as many new employees as FCA.  (more…)

GM Names Suryadevara to Replace Stevens as CFO

Company now one of a few with women in CEO, CFO roles.

by on Jun.14, 2018

Dhivya Suryadevara becomes General Motors chief financial officer on Sept. 1.

General Motors Co. tapped 39-year-old Dhivya Suryadevara to take over one of the company’s senior executive positions, making the company part a select group with women in the role of CEO and CFO.

GM appointed Suryadevara as Chief Financial Officer, effective Sept. 1, 2018. She will report to Mary Barra, GM chairman and CEO, the company said.

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Suryadevara replaces Chuck Stevens as GM executive vice president and CFO, who has elected to retire after more than 40 years with the company, effective March 1, 2019. will remain with the company as an adviser until his retirement. (more…)

GM Increasing Bolt Production, Per Sustainability Report

The Orion plant will also produce Maven autonomous car.

by on Jun.13, 2018

Chevy Bolt production will be increased for this year and next due to rising demand for the EV.

General Motors Co. said will increase production of its Bolt battery-electric vehicle this year in response to global demand, according to 2017 sustainability report it released ahead of the company’s annual shareholders meeting.

The Bolt EV is built at GM’s Orion Assembly plant in suburban Detroit.

News You Can Trust!

GM Chairman and CEO Mary Barra also said at least 20 new all-electric vehicles will launch globally by 2023, and that GM is partnering with utilities and governments to accelerate the growth of charging infrastructure as it looks to deliver on its vision of an “all-electric, emissions-free” future. “We believe the future is electric,” she said. (more…)

GM Impacted Already by Rising Costs Due to Trump Tariffs

CEO Barra says no changes planned yet.

by on Jun.12, 2018

General Motors Chairman and CEO Mary Barra talks with media prior to the start of the 2018 General Motors annual shareholders meeting.

Tariffs on aluminum and steel are already beginning to push up costs General Motors top executive acknowledged before the company’s annual shareholders meeting in Detroit.

GM is beginning to see cost increases as a result of the tariffs imposed on aluminum and steel by the Trump administration, GM Chairman and Chief Executive Officer Marry Barra said Tuesday ahead of the company’s meeting.

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Barra told reporters that the trade negotiations are still incomplete so it is difficult to have a complete picture of the impact of tariffs will have on the General Motors or the automobile industry in general.  (more…)

GM, Honda Team Up to Develop Next-Gen Battery

Two automakers already plan joint fuel-cell production.

by on Jun.07, 2018

GM EVP Mark Reuss and Honda North America CEO Toshiaki Mikoshiba can celebrate again as GM and Honda are partnering on battery technology.

General Motors and Honda will team up – again – this time to work on what they hope will become the batteries powering the next generation of electric vehicles.

The agreement comes barely a year after the Detroit and Tokyo automakers announced plans to both develop and produce hydrogen fuel-cells that could be used in both vehicles and stationary power sources. The two deals reflect a significant shift in the automotive world, manufacturers increasing turning to alliances and joint ventures to help speed up the development of new technologies while also helping hold down costs.

EV News!

Both GM and Honda have already announced plans to significantly expand their production and sales of electrified vehicles, including hybrids, plug-ins and pure battery-electric vehicles. The challenge is to enhance both their functionality and consumer appeal by increasing range, driving costs and reducing charging times. (more…)

Automakers Launch Full-Size Truck Incentive War

Up to $16,000 in givebacks and discounts on some 2018 models.

by on Jun.07, 2018

FCA has some of the largest incentives -- up to $16,000 -- available on its 2018 Ram.

Despite strong demand, US. Automakers have launched some of the most lavish incentives on full-size truck models seen since the end of the Great Recession, with discounts of as much as $16,000.

The move might come as a surprise considering pickups have retained strong momentum despite the weakening of the broader U.S. automotive market over the last year, and the latest round of incentives threaten to cut into the earnings delivered by what are traditionally the most profitable product segment in the market.

Buying Tips!

Automakers appear to be acting for a variety of reasons, including the need to clear inventories ahead of the launch of all-new models from both General Motors and Fiat Chrysler Automobiles, as well as the potential weakness of segment leader Ford which lost thousands of units of production due to a supplier problem last month.

(more…)

GM’s Ammann Quits Lyft Board of Directors

Relationship continues to grow apart.

by on Jun.06, 2018

General Motors President Dan Ammann stepped down as a member of the Lyft board today.

In another sign that the relationship between General Motors and Lyft is weakening, Dan Ammann stepped down as a member of the ride-sharing company’s board of directors.

Ammann, who held the spot since 2016 when GM invested $500 million in the company, will be replaced by Maggie Wilderotter, a former telecommunications executive who sits on Hewlett Packard Enterprise Co.’s board with Ammann, the company said.

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“Maggie is a world-class executive who brings a wealth of experience to Lyft’s board,” Chief Executive Officer Logan Green said in a statement. “We are delighted to welcome her to Lyft as our second independent director. We also want to thank Dan Ammann for his service on the Lyft board.” (more…)

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