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Archive for the ‘GM’ Category

China Retaliates; New Tariffs Hit U.S. Auto Exports, Jobs

BMW, Mercedes, Ford, other makers could be hard hit, forced to cut American production.

by on Aug.09, 2018

The BMW X5 is the #1-selling American-made vehicle in the Chinese market.

The auto industry has found itself at Ground Zero as the U.S. and China escalate their trade war.

After the latest move by the Trump Administration to target Chinese imports, the Beijing government has announced it will strike back with 25% tariffs on $16 billion in imported U.S. goods. China previously enacted new duties on $34 billion worth of goods, bringing the total to $50 billion. And with the White House threatening to add another $200 billion to the U.S. list, the trade war could escalate rapidly.

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The latest round sees the Chinese Ministry of Commerce placing an additional 25% duty on a list of American products that includes coal, crude oil and metal scrap, as well as automobiles and motorcycles. A number of automakers could be hit hard by the new sanctions, including Ford Motor Co., Mercedes-Benz and BMW.

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GM Hopes for Compromise in Looming CAFE Clash

Consistency is key for product development.

by on Aug.07, 2018

General Motors President Dan Ammann said the automaker is hoping government policy on fuel economy will help foster innovation.

Despite the uncertainty, General Motors is hoping the unfolding debate over fuel economy triggered by the administration of President Donald Trump will lead to an outcome that can foster innovation.

Ammann acknowledged as he fielded questions from reporters after an appearance at the Billington Cybersecurity Automotive Summit in Detroit that the proposal by the administration to freeze fuel-economy standards has created challenges.

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“We’re obviously in a long-cycle business,” said Ammann, who was careful not to endorse the administration’s proposal, which also challenges the state of California’s ability to set its own fuel-economy and emission rules for automakers.  (more…)

Cybersecurity Efforts Critical to Automotive Industry

Car companies focused on ensuring safety of self-driving cars.

by on Aug.06, 2018

GM President Dan Ammann said recently that the company's focus on cybersecurity is critical to its long-term goals.

The operation of self-driving vehicles will require an intense focus on cybersecurity, experts said during a conference in Detroit organized by Billington Cybersecurity, which brought together representatives from the automobile and tech industry as well as the government.

Dan Ammann, General Motors president, told the conference that GM cybersecurity is one of “the key enablers” to making GM’s vision of “zero crashes, zero emission and zero congestion” a reality.

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“As we continue to develop our Autonomous Vehicle program, safety is paramount, just like it is in everything that we do,” Ammann said. “For our customers, that means providing the safest products possible, including the strongest cybersecurity.” (more…)

GM Pushing to Get Tariff Exclusion for China-Made Envision SUV

If successful, it would eliminate a 25% price hike.

by on Aug.03, 2018

The Buick Envision is caught in the new tariff wars as its built in China and sold in the U.S.

The tariffs implemented by the Trump administration on China are having a negative impact on several American companies, specifically General Motors. However, the company is looking to find a way around them.

GM’s Buick Envision is built in China and, as such, is subject to hefty levy when entering the country, but the company is in talks with Trump’s trade representatives to get an exemption on the popular midsize sport-utility that accounts for nearly 20% of the brand’s U.S. sales.

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GM said in a statement that it filed the request on July 30 with the U.S. Trade Representative. An official notice was posted on Thursday on the regulations.gov website, which is tracking requests for exclusions from the so-called Section 301 tariff on certain imported goods from China, according to Reuters. (more…)

First Drive: 2018 Cadillac Escalade

Once an add-on to the line-up, the luxury ute is now the icon.

by on Aug.03, 2018

Once almost an afterthought in Cadillac's line-up, the Escalade is now the brand's centerpiece.

It seems the Escalade has been the heart and soul of Cadillac’s line-up of luxury vehicles forever.

No other car or sport-utility vehicle comes close, in the mind of the broad public anyway, to representing Cadillac’s nameplate in any kind of meaningful way.

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I suspect this has caused no end of consternation in General Motors headquarters over the years because the Escalade seems to have been an afterthought by GM product planners who were thinking along the lines of up-level Chevrolet Suburban with a bright Cadillac badge. (more…)

GM Adds Trump Trade Rep to Head Global Public Policy

Eissenstat joins automaker immediately.

by on Aug.02, 2018

Former Trump deputy Everett Eissenstat has moved on to GM at vice president of Global Public Policy.

General Motors has recruited a veteran of the Trump administration with broad experience on trade issues to serve as senior vice president of Global Public Policy.

Everett Eissenstat will assume his new effective immediately and he will report to GM Chairman and CEO Mary Barra, GM said.

Insight!

Eissenstat, 55, had been with the Trump White House as Deputy Assistant to the President for International Economic Affairs and Deputy Director of the National Economic Council from June 2017 to July 2018. Jointly appointed to the National Security Council and the National Economic Council.  (more…)

Automakers Offer Possible Solutions as Child Heatstroke Deaths Rise

Issue shows rare Washington bipartisanship, but Hot Cars Act yet to pass.

by on Jul.31, 2018

Nissan's Rear Door Alert system uses the horn to sound an alert to remind the driver to check the back seat.

The record heat scorching the country has been blamed for a series of devastating wildfires and other natural disasters, while contributing to what is on pace to become a record year for heatstroke deaths among children left in hot cars.

As July draws to a close, authorities have so far counted 29 child heatstroke deaths, a figure expected to soon surge pass the annual average of 37. Heatstrokes are not only the number one cause of non-crash vehicular deaths among children 15 years of age and younger, but also one of the most preventable. That’s led to a bipartisan push for new legislation on Capitol Hill, while several automakers have begun taking steps that could lower the deadly toll.

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“No one thinks a hot car tragedy can happen to them or their family and that is why these tragedies continue to happen,” said Janette Fennell, founder and president of the nonprofit child safety organization KidsAndCars.org. (more…)

Trump Mileage Rules Could Cost U.S. Motorist $Billions

But White House claims “societal cost” savings of $500 billion.

by on Jul.30, 2018

You may be spending significantly more at the pump under the CAFE rollback plan.

The planned revisions to the Corporate Average Fuel Economy, or CAFE, standards set to be announced by the Trump Administration could save as much as $500 billion in “societal costs,” according to a draft proposal revealed over the weekend – but on an individual basis, motorists could wind up spending thousands of dollars each, while the potential to the environment may also be substantial, as the new plan could increase U.S. fuel consumption by as much as 500,000 barrels a day.

In April, former Environmental Protection Agency chief Scott Pruitt took the first steps towards officially rolling back the rules set by the Obama Administration which would steadily increase the fuel economy of the average vehicle sold in the U.S. to 54.5 mpg in 2025. The draft of a plan crafted jointly by the EPA and the National Highway Traffic Safety Administration published over the weekend by the New York Times would freeze mileage standards at a level reached by 2020 – or around 37 mpg.

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The draft appears to have been completed in May, and sources have told several news outlets that revisions could be made before the final proposal is released – something that could happen as early as this week, according to comments made by Andrew Wheeler, the former coal industry lobbyist and acting EPA chief who took over the agency after Pruitt was forced out due to ethical concerns.

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General Motors Reports Flat Earnings for Second Quarter

Rising incentives on pickups drain profits.

by on Jul.25, 2018

GM's profits were hurt by increased incentives on its full-size pickups during the second quarter.

General Motors posted earnings for the second quarter that were basically flat as rising incentives and lower prices on its pickup trucks took a bite out of the company’s profits.

GM’s income from continuing operations of $2.4 billion, down $0.1 billion, compared to the second quarter of 2017 due to a driven primarily by the decline pricing and trim mix for the company’s the current-generation full-size pickup truck models, which is due to be replaced next year, and increased commodity costs.

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The decline in the profitability of the company’s pick-up truck business was partially offset by improved performance in GM Financial and China. (more…)

Genesis Tops JD Power APEAL Survey

Korean up-start topples luxury mainstays, but Detroit mainstream brands also gain ground.

by on Jul.25, 2018

The Genesis brand aced another test, a month ago also topping Power's IQS.

Genesis, the upstart Korean luxury brand, has pulled off another surprise, this time landing the top spot in the 2018 J.D. Power APEAL study, surpassing such traditional highline brands as Porsche, Mercedes-Benz, BMW and Lexus.

It’s the latest in a series of coups by Genesis, which was spun off by Hyundai just two years ago. And it comes barely a month after the Korean marque also landed in the top spot on Power’s widely followed In initial Quality Survey. But there were some other surprises in the APEAL report which measures how well individual brands and models are satisfying their owners. Mainstream brands, notably including some Detroit marques, are rapidly gaining ground on the luxury badges that have traditionally led in customer satisfaction.

Beyond the Headlines!

But the industry, as a whole, achieved record levels in the 2018 APEAL study – the name short for “Automotive Performance, Execution and Layout” – the second year in a row that has happened.

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