Archive for the ‘GM’ Category

Cadillac Adds to Growing Portfolio of CUVs with XT5 Sport

New package gives customers a more aggressive offering.

by on Feb.07, 2019

Cadillac expands the XT5 portfolio with the new Sport package offering buyers a more aggressive looking crossover.

Cadillac continues to play catch up when it comes to its crossover line-up with the debut of its new XT5 Sport package at the Chicago Auto Show.

General Motors luxury brand had been late to the party when it came to luxury utes smaller than the its class-leading Escalade. However, it’s certainly been trying to make up for lost time since it put its plans in place to compete in the segment.

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The new XT5 Sport arrives on the heels of brand’s recently introduced XT4 small ute that has quickly become a strong seller for Cadillac. However, the XT5 Sport fills a need for an aggressive-looking model that competitors like Lexus, BMW and others have been offering. (more…)

Pickups, SUVs Push GM Profit Well Above Expectations

Automaker betting numbers will look even better as truck production ramps up in 2019.

by on Feb.06, 2019

GM reported stronger than expected earnings as Chairman and CEO Mary Barra continues to reshape the company.

General Motors handily beat Wall Street’s earnings forecast for the fourth quarter and full year a strong performance that reflects both booming truck demand and the payoff of shedding the company’s long-struggling European operations.

For the final quarter of 2018, GM delivered earnings of $1.43 a share — $1.40 after excluding special items. The consensus, according to Zacks Investment Research, was $1.24. For the full year, earnings came to $6.54 a share, well ahead of the consensus forecast of $6.29. After special charges, the figure dropped to $5.58 per share.

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GM’s overall $8.1 billion profit for all of 2018 was more than double the $3.9 billion number from the year before, but the 2017 figure reflected a significant hit from the sell-off of the company’s long-troubled European Opel-Vauxhall subsidiary. It was acquired by PSA Group, parent of the Peugeot and Citroen brands. (more…)

First Look: 2020 Chevrolet Silverado HD

Bigger, more powerful, more variants.

by on Feb.05, 2019

Chevrolet unveiled its full line-up of HD trucks at the Flint Assembly plant where they're produced.

Ahead of its public debut at the Chicago Auto Show later this week, Chevrolet has pulled the wraps off its all-new 2020 Silverado HD.

The heavy-duty pickup will go up against an assortment of all-new or upgraded models in what has become one of the industry’s most competitive, albeit most profitable, market segments. The bowtie brand is hoping to nonetheless “conquest” buyers away from competitors Ford and Ram by offering up a truck that is longer, more powerful and offers an array of new features, including a “Transparent Trailer” system that makes it possible to see the road behind even when towing a boat or camper.

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“We set out to make the best HD trucks on the market, bar none,” said Jaclyn McQuaid, the chief engineer for both the 2020 Chevrolet Silverado, as well as the Sierra HD recently unveiled by sibling brand GMC. (more…)

Chevrolet Amps Things Up in Heavy Duty War With Silverado HD Debut

“It’s a war” as automakers fight for dominance in the high-profit HD market.

by on Feb.05, 2019

Lead Designer Rick Scheer unveils the new 2020 Chevy Silverado HD line-up at the Flint, Michigan-plant that builds the trucks.

Chevrolet has become the latest in a string of brands to upgrade its entry into the booming, high-profit heavy-duty truck segment.

The 2020 Chevy Silverado HD made its official debut Tuesday at General Motors’ newly updated factory in Flint, Michigan. The oldest and longest continuously operated assembly plant in the GM network, the Flint factory underwent a $1.5 billion makeover to prepare for the launch of the new trucks.

Truck News!

While the U.S. new vehicle market is expected to slip slightly this year, there were few signs of concern among GM officials, the automaker’s President Mark Reuss declaring, “We are so bullish about our trucks this year … we predicted stronger-than-expected earnings in 2019.” (more…)

Audi, Toyota Proclaimed Big Super Bowl Ad Winners

GM riled up by Unifor's protest commercial.

by on Feb.04, 2019

Audi's "Cashew" commercial during last night's Super Bowl generated huge traffic to the company's website: more than any other automaker's ad.

Last night’s Super Bowl may not have been the most impressive display of football ever, but as New England Patriots QB Tom Brady sought his sixth ring, automakers sought those less interested in Brady’s quest and more compelled by the commercials between drives.

While the automakers may or may not have lived up to expectations, it’s a commercial unseen by most viewers that may have had the biggest impact.

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According to Edmunds.com, joining Brady and the Patriots on the winners podium last night were Audi and Toyota. Edmunds analysts tracked traffic to brand and model pages on both its desktop and mobile sites during the game to see which automotive ads were most successful in driving immediate shopper interest. (more…)

General Motors Set to Begin About 4,000 Layoffs on Monday

Goal is to complete handing out pink slips before Q4 earnings release.

by on Feb.01, 2019

General Motors plans to terminate 4,000 jobs in its North American operations on Monday.

General Motors will begin involuntary layoffs on Monday, hoping to complete the latest round of cutbacks before releasing its fourth-quarter earnings on Wednesday.

In all, about 4,000 workers in its North American operations will be terminated, part of a broader series of cuts expected to save the automaker billions of dollars and help it prepare for an expected slowdown of the U.S. automotive market during the next several years.

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“This is not going to be like Black Friday,” one source told TheDetroitBureau.com, referring to the massive cutback GM ordered in the run-up to its 2010 bankruptcy. (more…)

Unifor Plans to Advertise GM Boycott With Super Bowl Ad

Canada-only ad pushes boycott of GM Mexican-made vehicles.

by on Feb.01, 2019

Unifor's Jerry Dias is pushing for a trans-Canada boycott of GM vehicles made in Mexico.

The union representing auto workers in Canada is expanding its call for a trans-Canadian boycott of GM vehicles built in Mexico by advertising during the Super Bowl, traditionally one of the high points of the year for automotive advertising.

Unifor, which was formerly known as the Canadian Auto Workers union or CAW, is fighting to block General Motors’ plan to shut down an assembly plant in Oshawa, Ontario.

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Jerry Dias, president of Unifor, tweeted this week that the union has prepared a special Super Bowl ad as part of its ongoing fight to upend GM’s plans to close the Oshawa plant, which currently employs 2,500 Unifor members. The site of the plant outside Toronto has built vehicles for more than a century. (more…)

Over a Dozen Michigan Automotive Operations Close As Fire Cuts NatGas Supplies During Record Cold Wave

Workers told to stay home – and to turn back their own thermostats.

by on Jan.31, 2019

A fire at Consumers Energy's facility in Armada Township, Michigan, north of Detroit, has Detroit-area automakers closing some plants. (Photo credit: Fox2Detroit)

The alert went out by smartphone to nearly 2 million natural gas customers across Michigan’s Lower Peninsula: turn back your thermostats or risk the possibility of having natural gas supplies cut off.

While some utilities have raised concerns about gas supplies in previous cold waves, the warning from Michigan-based Consumers Energy Co. was compounded by a fire at a gas compression facility near Detroit that created a potentially worst-case scenario, shortages even as demand for heat across the frozen state was reaching record level in temperatures dropping into the double-digits below zero.

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And individual consumers aren’t the only ones being impacted. Ford Motor Co. says it has reduced operations at four plants as of Thursday morning, while General Motors has temporarily halted or reduced operations at 11 of its own factories, as well as its Technical Center in the Detroit suburb of Warren. About 20,000 workers at that sprawling complex have been asked to work at home through Friday. (more…)

Unifor Boycott of GM in Canada Making an Impact

Canadian opinions of GM falling in wake of plant closure.

by on Jan.29, 2019

Unifor President Jerry Dias said the new advertising campaign is designed to get GM to change its mind about the Oshawa, Ontario plant.

In the wake of General Motors decision to shutter its assembly plant in Oshawa, Ontario, just outside of Toronto, the idea boycott to GM products is appealing to a significant number of Canadians, according to Unifor, the union that represents Canadian autoworkers.

An Ekos Research poll commissioned by Unifor found a growing number of Canadian consumers support an outright boycott of GM vehicles if the automaker does not reverse its plan to close the Oshawa assembly plant.

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“The fact that Canadian consumers are willing to punish GM with a complete boycott is exactly what we have been warning the company about for weeks,” said Unifor National President Jerry Dias. (more…)

Government Shutdown May Hurt Automakers Soon

FCA delayed intro of new Ram 3500 HD due to EPA closure.

by on Jan.25, 2019

FCA CEO Mike Manley said the government shutdown is delaying the sale of the new Ram 3500 HD.

The government shutdown is now in its 34thday. The longest-ever shutdown has impacted 800,000 government employees, making it difficult for them to pay bills, buy groceries and meet day-to-day financial obligations.

The ongoing fight between President Donald Trump and Democrats has also impacted the public at-large through longer lines at airports, closure of National Parks and the delay of at least one new vehicle model.

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Environmental Protection Agency employees are part of the shutdown, including those responsible for performing the various tests necessary for new vehicle models in the EPA labs in Ann Arbor, Michigan. Without the certifications, the vehicles don’t meet federal regulations and cannot be sold. (more…)