Archive for the ‘GMC’ Category

GM Cutting 50 Jobs at Detroit-Area Battery Plant

Company eliminating another 700 in February.

by on Dec.18, 2018

GM is cutting 50 employees at its Brownstown Battery Assembly plant just south of Detroit.

General Motors is eliminating 50 jobs at its battery assembly plant just south of Detroit which provides batteries for the Chevrolet Volt plug-in hybrid sedan. GM will end Volt production in 2019.

The company plans to cut nearly half of its workers — 37 hourly and 13 salaried employees, according to a notice filed with the State of Michigan. In addition to the batteries for the soon-to-be-defunct Volt, the plant produced batteries for the Buick LaCrosse hybrid electric.

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The cuts are part of the recently announced plans by the automaker shut down five plants and eliminate 15,000 workers. The company has been excoriated for the plan, despite noting that as many as 2,800 active hourly workers who work at the plants ending production in Michigan, Ohio and Maryland will be offered jobs in other places.  (more…)

First Drive: 2018 Ford Ranger

Reborn midsize picking aims to make a big splash.

by on Dec.18, 2018

Making a splash: the 2019 Ford Ranger FX4 wraps up an off-road run with a mud bath.

(Midsize truck wars heat up with arrival of Ranger, Jeep Gladiator. Click Here for more.)

It’s been more than six years since the last truck rolled out of Ford’s ancient assembly line near Minneapolis, bringing to a seeming end production of the automaker’s archaic Ranger pickup. While Ford was getting ready to launch a new model for international markets, however, it decided to let the venerable Ranger name die in the U.S.

It apparently seemed a good idea at the time. The midsize market was all but dead and even Detroit rivals General Motors and Fiat Chrysler were quitting the segment. Ford execs, all the way up to then-CEO Mark Fields, insisted they could move Ranger buyers up to the larger – and far more profitable – F-150. But a funny thing happened that threw Ford’s strategy into disarray. For the 2015 model-year, GM launched two all-new trucks, the Chevrolet Colorado and GMC Canyon, triggering a rapid rebound to the seemingly moribund midsize pickup segment.

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After hemming and hawing, Ford finally acknowledged its error and raced to bring the Ranger back to life, heavily modifying the model already on sale in markets as diverse as Abu Dhabi and Thailand. Finally, the 2019 Ranger is getting ready to roll into U.S. showrooms and we had a chance to test its mettle during an extensive on- and off-road drive event in and around San Diego last week.

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Trump Takes Swipes at GM, Barra about EV Strategy

President claims EV strategy is flawed.

by on Dec.13, 2018

GM CEO Barra and President Donald Trump during better days. Trump called Barra "nasty" during an interview on Fox News today.

President Donald Trump is like a dog with a bone when it comes to General Motors and CEO Mary Barra today again taking swipes at the company and its product strategy as well as Barra herself.

On an appearance on Fox News, Trump said the company’s focus on shifting to electric vehicles is poorly conceived and won’t work.

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“They’ve changed the whole model of General Motors. They’ve gone to all-electric. All-electric is not going to work … It’s wonderful to have it as a percentage of your cars, but going into this model that she’s doing I think is a mistake,” Trump said.  (more…)

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…)

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…)

North American Car, Truck, SUV of the Year Finalists Announced

Double threats from both Honda, Hyundai.

by on Nov.28, 2018

The 2019 Volvo S60 is one of the three finalists for North American Car of the Year.

It’s down to nine. From an initial list of nearly 100 passenger car and light truck models, the 60 journalist members of the North American Car, Truck and Utility Vehicle of the Year jury have narrowed things down with the announcement of the three finalists in each of those three categories today.

A number of the finalists were widely expected to make the cut, which was revealed at the Los Angeles Auto Show media preview, but there were a few surprises. Among other things, both Honda and Hyundai landed two models in contention.

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But even more notable was the fact that two of the three finalists for Utility Vehicle of the Year are all-electric. In fact, the nine include quite a few “electrified” models, ranging from the mild-hybrid Ram 1500 pickup to the all-electric Jaguar I-Pace, signaling the way battery technology is rapidly moving from niche to mainstream. (more…)

GM Selling Off Hotel Property to Raise Cash, Get Lean

Moody's gives thumbs up to the plan.

by on Nov.28, 2018

GM is looking to sell the hotel it owns in the Millender Center for $45 million.

In another step aimed at disposing of unneeded assets and raising cash, General Motors has confirmed it plans to sell off a hotel located directly across the street from its world headquarters in Detroit, which is now the midst of a real-estate boom.

The automaker said it intends to sell the 265-room Courtyard Marriott hotel that was built in 1985 as part of the mixed-use Millender Center complex on Jefferson Avenue and is linked to General Motors Riverfront headquarters in downtown Detroit by a covered footbridge.

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GM acquired the property years ago when Detroit was in the economic doldrums. However, downtown has undergone a major revival the past five years and the value of real estate has risen sharply, making it a propitious time to sell, GM said. (more…)

GM Share Price Falls 3% in Wake of Angry Trump Tweets

Worst trading day for company in almost a month.

by on Nov.28, 2018

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

After gaining ground on the announcement of a sweeping restructuring, the value of GM’s shares dropped by 3% or almost $1 per share, on the heels of an angry tweet from President Donald Trump in which he again attacked GM’s plans to close five plants and eliminate some 14,500 jobs at the company’s operations.

Overall, it was the worst day for GM shares in almost a month.

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In a filing with the Securities Exchange Commission, GM also disclosed that GM’s board of directors approved the restructuring plan on Nov. 20, 2018, but held the news through the Thanksgiving Holiday. (more…)

Trump Threatens General Motors With Economic Sanctions

President suggests EV credit could be revoked.

by on Nov.27, 2018

President Donald Trump suggested he would search for ways to eliminate government subsidies to General Motors.

With the benefit of a good night’s sleep, President Donald Trump once again addressed General Motors’ plans to realign its manufacturing operations in the U.S. and Canada.

He took to Twitter this afternoon to reveal how he plans to deal with the situation.

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“Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China,” he tweeted. (more…)

GM Will Drop at Least Six Passenger Cars in North American Shake-Up

But new electrified models -- and possibly more SUVs – on the way.

by on Nov.27, 2018

The Buick LaCrosse is one of six models getting axed as GM's brands shift away from sedans and toward sport-utility vehicles.

At least six General Motors passenger car models will be dropped by the end of next year, part of a broad corporate realignment that will see the automaker also shut down three North American assembly plants, idling an estimated 5,600 workers.

The Monday morning announcement reflects the ongoing shift from sedans and coupes to SUVs and CUVs in the U.S. market, though GM CEO Mary Barra also noted that the automaker wants to put more emphasis on the development of electrified and autonomous vehicles going forward.

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“We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success,” Barra said Monday. (more…)

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