Archive for the ‘GM’ Category

First Drive: 2019 Chevrolet Colorado Z71 Crew Cab

Stylish looks with ample power and comfort — a recipe for success.

by on Apr.16, 2019

The Chevy Colorado Z71 offers a do-it-all vehicle in a growing and competitive segment.

Even with the car business facing some stiffening headwinds, trucks are still going strong and manufacturers are driving interest the segment with new models.

For example, the Chevrolet Colorado has been vital to the growth of the midsized truck market, which has expanded recently, prompting manufacturers to tinker with variants such as the one I drove recently.

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The 2019 Colorado Z71 Crew Cab Short Box with four-wheel drive has a bold presence and plenty of curb appeal as well as a spirited powertrain as well as the ground clearance to ride confidently on dirt roads or even off road. (more…)

Cadillac Lifts Covers on New CT5 Sedan

Despite push into utes, brand remains “very much committed to sedans.”

by on Apr.16, 2019

The Sport edition of the 2020 Cadillac CT5 reveals the brand's commitment to sedans that are fun to drive.

Cadillac has rolled out a procession of new utility vehicles during the past several years, including the compact XT4 that debuted at the New York International Auto Show in 2018. General Motors’ luxury brand is back in the Big Apple this week with another new entry, though the debut of the CT5 sedan shows Caddy won’t be a one-trick pony.

The brand remains “very much committed to sedans,” said Caddy President Steve Carlisle, even if the options will be fewer than had been planned earlier in the decade.

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Meant to replace the old CTS, the new sedan slots under the big CT6, the current Cadillac flagship which is, at least for now, set to go out of production in the next year. As such, the new model will have to put the best face forward for the brand, especially in the Chinese market where sedans remain a popular choice among high-line consumers. (more…)

It’s Official! Really! GM to Reveal Mid-Engine C8 Corvette in July

GM President Mark Reuss releases barely camo’d pic.

by on Apr.12, 2019

The mid-engine Chevrolet Corvette is finally out in the open and set for a formal July reveal.

To misappropriate a quote by Humphrey Bogart from “The Maltese Falcon,” “It’s the stuff dreams are made of.”

For decades, General Motors has sniffed off rumors that it was developing the sort of mid-engine Chevrolet Corvette that proponents said was needed to turn the classic American sports car into a true world-beater. In recent years, rumors have been rampant, along with sightings of prototypes caught with less and less camouflage. But, time and again, the automaker has refused to comment or commit.

Breaking Product News!

Until now, that is. Late Thursday, GM President Mark Reuss put his official stamp on the clearest image yet of the C8. Specifics are scarce, but for the two most important details. His tweet declared it “The Next Generation Corvette,” and announced that the C8 will make its official debut on July 18, 2019.

(more…)

Jeep Plans One Day Sale of Gladiator Launch Edition – and Will Give One Buyer a Year’s Pay to Play

“Go anywhere and live out your dreams,” says brand’s marketing chief.

by on Apr.01, 2019

Jeep hopes to sell 4,190 Gladiator Launch Editions.

With its first pickup in 27 years getting ready to roll into showrooms, Jeep said it will offer a special Launch Edition of the new Gladiator, but only for 24 hours, starting at 12:01 AM on April 4th – what is also known as “4x4 Day.”

The Launch Edition will be a fully loaded version of the off-road Jeep Gladiator Rubicon model and it will carry a steep price tag of $60,815. But to ease the bite – at least for one lucky customer – Jeep will give them “a year’s salary to go anywhere and live out their dreams,” said Scott Tallon, the brand’s marketing manager.

Keep on Trucking!

All told, Jeep will offer a maximum 4,190 of the Gladiator Launch Edition models – a reference to the 419 area code for Toledo, Ohio, where all of the pickups will be assembled.

(more…)

General Motors Sells South Korean Plant to EV Maker

Consortium not building Teslas.

by on Mar.29, 2019

GM sold the Gunsan plant it closed last year to Myongshin, an auto supplier that is part of a larger consortium that will build EVs there.

General Motors sold a recently closed plant in Gunsan, South Korea, to Myongshin, a South Korean supplier, for $99.5 million. A supplier to Tesla, the company said it plans to build EVs at the site, Reuters reported.

Myongshin is part of a consortium that plans to spend more than $170 million on the plant, which will build electric vehicles, according to a statement from the provincial government. The government added the plans call for the factory to churn out 50,000 electric vehicles annually by 2021 and 150,000 by 2025.

The Last Word!

“We aim to close this deal as soon as possible to ensure that there will be ongoing economic activity,” GM Korea said in a statement. (more…)

GM Could Earn Close to $1B in Profit from Today’s Lyft IPO

Future for GM/Lyft alliance uncertain, however.

by on Mar.29, 2019

Lyft founders Logan Green, left, and John Zimmer, right, with GM President Dan Ammann after inking a $500M partnership, which jumped another $500M.

General Motors could turn a large investment into an even bigger profit if the IPO of the nation’s second-largest ride-sharing service goes off as planned today.

On Thursday, Lyft announced it was targeting $72 a share for its public debut. At that price, GM’s 18.6 million Class A shares would be worth more than $1.3 billion, a big increase over the $500 million it originally invested in Lyft back in January 2016.

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The question is whether the Detroit automaker will take the money and run or continue to work with Lyft. When it announced its investment more than three years ago, GM indicated it saw an opportunity to not just provide products to Lyft drivers but also to use the service as a test bed for the autonomous vehicles it was developing. But it now appears to be shifting focus to Maven, a service that could soon become a major Lyft competitor. (more…)

Ford Shutting Down Passenger Car Operations in Russia

Automaker latest to cut losses in the country.

by on Mar.28, 2019

Ford is closing three auto plants in Russia as it restructures its agreement with Sollers to focus on more profitable commercial trucks.

Ford Motor Co. is closing three plants in Russia as part of its overhaul of its money-losing European operations.

Ford announced it had signed a memorandum of understanding to restructure its Ford Sollers joint venture in Russia to focus exclusively on growing its commercial vehicle business moving forward.

Global News!

“This represents an important step towards Ford’s target to deliver improved profitability and a more competitive business for our stakeholders,” said Steven Armstrong, president, Ford of Europe. “General Motors had shut down its Russian operations almost three years ago. (more…)

GM Investing $300M in Detroit-Area Plant for New EVs

Barra declines to reveal contents of Trump phone call.

by on Mar.22, 2019

GM Chairman and CEO Mary Barra discusses the addition of 400 new jobs at the plant in Orion, Michigan.

General Motors continues its push toward an electric future by investing $300 million in a metro Detroit assembly plant to build a new Chevrolet battery-electric vehicle. The new investment also means 400 new jobs at the site.

The project is part of a broader, $1.8 billion U.S. investment program, CEO Mary Barra revealed Friday morning. The announcement comes just two days after President Donald Trump fired the latest in a series of broadsides at the automaker over its plan to close four U.S plants, including two assembly lines.

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“We are excited to bring these jobs and this investment to the U.S.,” Barra said in prepared remarks. (more…)

One of Nine Pickups Earns Top Rating in IIHS Crash Tests

Nearly half of the trucks rated marginal or poor.

by on Mar.21, 2019

Ford's F-150 was one of the best performers in the latest IIHS pickup crash tests.

Pickup buyers concerned about safety might be surprised by the results of the latest IIHS crash results that found over half of the nine models scored poorly in at least one of the key tests,  four earning marginal or poor ratings overall.

Of the trucks the IIHS examined, only two earned good ratings, the Ford F-150 and Nissan Titan. And just one 2019 model, the Honda Ridgeline, earned the coveted IIHS Top Safety Pick award – but only when equipped with optional headlights and forward collision prevention technology.

Safety News!

“As a group,” said David Zuby, the chief research officer for the Insurance Institute for Highway Safety, “the pickup class still has a lot of work to do.”

(more…)

GM Declined Offer to Keep Lordstown Plant Open

Cleveland car dealer wanted Cruzes for ride-hailing business.

by on Mar.19, 2019

GM Chairman and CEO Mary Barra reportedly turned down a deal that would have kept the Lordstown plant open.

General Motors Co. could have avoided the latest round of flogging via Twitter from President Donald Trump about its Lordstown, Ohio plant if it had accepted an offer from one of its dealers.

Cleveland-based dealer Bernie Moreno reportedly met with GM officials last fall with an offer to buy as many as 180,000 Chevy Cruzes annually as part of a nationwide ride-hailing fleet to rival Uber and Lyft. The deal could have run as long as five years, according to a Detroit Free Press story.

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Moreno owns a dozen car dealerships across the country selling brands ranging from Lotus and Rolls Royce to Mercedes-Benz to Buick and GMC. However, GM officials studied the deal and then declined the offer apparently viewing it as not viable. The plant was idled last month as the last U.S.-built Cruze rolled off the line. (more…)

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