Archive for the ‘GM’ Category

GM Presses to Extend EV Tax Credits

But automaker’s planned plant closings make it a hard sell.

by on Dec.11, 2018

General Motors is lobbying politicians to extend EV tax credits just a week after CEO Mary Barra was flogged for plans to close five plants and layoff thousands.

General Motors lobbyists are making a push on Capitol Hill to extend the tax credits the automaker’s customers can receive after purchasing one of its battery-electric vehicles, such as the Chevrolet Bolt EV.

The automaker is rapidly approaching the sales threshold set by Congress – 200,000 battery models – after which the incentives would be phased out. That would make vehicles like the Bolt as much as $7,500 more expensive and potentially short-circuit demand.

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GM is by no means alone. Tesla has already crossed the sales threshold and will begin to have its tax credits phase out, starting January 1. They will be eliminated entirely at the end of 2019. Nissan and Ford aren’t far behind. Newer entries into the electric car field, such as Volkswagen and Hyundai, would effectively gain an edge by continuing to offer the credits. (more…)

Detroit Auto Show Not Ready to Wave Goodbye to Winter

Final January run to see over 30 new models debut.

by on Dec.10, 2018

Toyota showed us a well-camouflaged Supra with chief engineer Tetsuya Tada at the Goodwood Festival.

The Detroit Auto Dealers Association has inked a seven-year deal with the City of Detroit that will ensure that the North American International Auto Show keeps running through at least the latter part of the next decade.

The deal also locks down the move from January to June that DADA, the sponsor of the show, announced earlier this year. That is expected to prove critical if the Detroit Auto Show is to regain its former glory or, at the very least, keep from slipping into second-tier status, something that seemed all too likely in the wake of a painfully quiet 2018 event that saw a single official media day wrap up the new car debuts shortly after noon.

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The 2019 North American International Auto Show will clearly not have the luster of years past. Virtually the entire European contingent – including brands like Audi, BMW, Jaguar and Meredes-Benz – plan to sit it out. But there will still be enough on the calendar to keep the spotlight lit. Among the products set to make their official debut at the Cobo Hall convention center are the long-awaited Toyota Supra and the Lexus RC F which is being hailed as the brand’s fastest and most powerful model ever, save for its limited-edition LFA supercar.

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Barra Completes Two-Day Tour, Sticks to GM’s Guns About Closings

Senators push CEO to change her mind — with no luck.

by on Dec.07, 2018

General Motors CEO Mary Barra said no changes would be made to the closures of five U.S. plants.

General Motors Chairman and CEO Mary Barra completed two days of tense discussions with politicians in areas affected by the company’s recently announced plans to close five plants and displace thousands of workers.

Barra’s message was that these decisions were not made lightly and that the company would find jobs for many of the displaced workers, but ultimately they were made due to shifts in the buying habits of Americans.

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“We had really productive discussions, and I think they have a better understanding of what we’re doing and why, and how we’re making sure that we’re supporting the displaced workers, especially at the plants that are impacted, ” she said after meeting with Michigan politicians, the Detroit News reported.  (more…)

FCA Set to Open New SUV Plant in Detroit

Move would come as GM prepares to idle three plants.

by on Dec.06, 2018

The converted engine plant will produce a three-row version of the Jeep Grand Cherokee.

Fiat Chrysler Automobiles plans to open a new assembly plant in Detroit to expand its capacity to produce hot-selling sport-utility vehicles, according to several reports.

The automaker has yet to confirm that it will completely retool an old engine plant on Detroit’s east side, but company officials have, in recent months, indicated that they are strained to the limits of capacity at their existing light truck plants.

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The news comes at an awkward time for FCA’s largest domestic rival, General Motors. GM’s CEO Mary Barra on Thursday spent a second day in Washington trying to minimize criticism of the automaker’s plan to close three assembly plants building slow-selling passenger car models like the Chevrolet Cruze. That would leave what has long been known as the Motor City with only one working assembly plant within its borders, at least unless and until the new FCA truck plant were to come online.

(more…)

GM CEO’s “Open Mind” May Not Save Any of Five Plants Slated to Close

“We do have an overcapacity problem,” says Barra, after Capitol Hill meetings.

by on Dec.06, 2018

GM CEO Mary Barra has been meeting with members of Congress, explaining why five plants are being closed.

General Motors Chairman and CEO Mary Barra told members of Congress she will keep an “open mind” when it comes to plans to close five plants next year, including assembly plants in Michigan, Ohio and Ontario, Canada.

The closures were announced late last month, along with plans to trim about 15% of the automaker’s white-collar workforce, as it addresses a variety of problems, including the ongoing shift from passenger cars to light trucks. But Barra also stressed that the automaker faces “limitations” on what it can do because “we do have an overcapacity (issue) across the country.”

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The one-time “shop rat,” who began working at GM as a co-op student said she told Congressional representatives from Ohio and Maryland on Wednesday that “These were difficult decisions – decisions I take very personally,” while adding in a statement that GM wants to “minimize the impact on the (affected) communities” by, among other things, offering workers a chance to switch to other GM plants, where possible or by offering outplacement services. (more…)

Chevy Rolls Out New Silverado HD

Third new Silverado in 18 months.

by on Dec.04, 2018

The 2020 Chevy Silverado HD borrow plenty of exterior styling cues from the Silverado 1500, but enhances them for a tougher look.

Chevrolet continues to expand pickup buyer options with the debut of the all-new, 2020 Silverado HD, the third version of the bowtie brand’s truck to launch during the last 18 months.

The big trucks shares many of the now-familiar design cues first seen on the light-duty Silverado 1500, but adopts a more rugged look, with a massive front grille that presents an imposing presence, especially when viewed in one’s rearview mirror.

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“We know the needs and priorities of heavy-duty customers are different than those of either light-duty or medium-duty customers,” said Jaclyn McQuaid, the Silverado HD’s chief engineer. (more…)

Trump to End Electric Vehicle Subsidies by 2021

GM, Tesla have already enjoyed the best of the tax credits.

by on Dec.03, 2018

President Donald Trump said he told GM CEO Mary Barra that the country has been "very good" to the automaker.

President Donald Trump has threatened to kill one of the signature efforts of the Obama administration, but today White House economic adviser Larry Kudlow confirmed it: Trump will end subsidies for electric cars.

The move, which Kudlow said would happen in 2020 or 2021, covers other items including renewable energy sources. He revealed he plans in response to a question about what the administration plans to do in response to General Motors’ recently revealed plant closings and employee layoffs.

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The president, who is in China, did not offer an official proclamation, nor has he tweeted about it, which is often how he reveals impactful actions he plans to take. (more…)

UAW Attacks GM as Trump Signs “New” NAFTA Deal

Trump in Argentina for G20 Summit.

by on Nov.30, 2018

The leaders of Mexico, the United States and Canada sign the "new" NAFTA in Argentina.

The United Auto Workers renewed its attack on General Motors as leaders from the U.S., Mexico and Canada used the G20 Summit in Argentina for the back drop for officially signing a new North American Free Trade Agreement that was negotiated last summer but still must be approved by the U.S.

President Donald Trump joined the leaders of Canada and Mexico at a global meeting in Argentina for the signing of the deal, fulfilling a longstanding political promise with a deal he celebrated as a “groundbreaking achievement.”

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UAW President Gary Jones, however, said GM’s announcement of the closure of five of its factories in the U.S. demonstrates that the new trade pact does not go far enough in protecting the interest of workers in the U.S. (more…)

GM Moves Ammann into CEO Role at GM Cruise

Move marks the second in six months for Ammann.

by on Nov.29, 2018

General Motors President Dan Ammann is now GM Cruise Chief Executive Officer Dan Ammann.

General Motors President Dan Ammann is changing jobs again, now serving as the full time as the Chief Executive Officer of GM Cruise, GM’s autonomous vehicle subsidiary.

Ammann had worked closely with Cruise since GM acquired the self-driving vehicle start up back in 2016.

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The move marks the second time in six months that Ammann’s role within the company has been changed. In July, he shifted some of his responsibilities to Executive Vice President Mark Reuss to focus on the company’s development of autonomous vehicles.  (more…)

Volvo Expecting to Slow Ramp-Up of Charleston Plant Due to Trump Tariffs

Hiring to slow; impact could be long-term if some production shifts to China.

by on Nov.29, 2018

Volvo President & CEO Hakan Samuelsson said the tariffs implemented by the Trump administration are forcing a production slow down at its new Charleston, S.C. plant.

Volvo expects to slow the pace of expansion at its new factory near Charleston, South Carolina, due to the Trump trade war with China.

The move could impact how quickly the automaker expands production at the $1.1 billion plant, as well as the pace at which it brings on new workers. The workforce was expected to nearly triple, to around 4,000, by early in the coming decade with the addition of a second model at the plant. But some production now could be shifted to China, potentially having a long-term impact on plans for the factory.

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Volvo issued an official statement Thursday noting, “trade issues may impact the pace of the expansion.” But in conversations with reporters at the Los Angeles Auto Show on Wednesday, Volvo’s global CEO Håkan Samuelsson took things further, indicating the production ramp-up will slow down. (more…)

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