Archive for the ‘GMC’ Category

GM Rams $150 Million into Flint Plant to Up HD Truck Production

Move marks second big truck investment in a month.

by on Jun.12, 2019

General Motors President Mark Reuss touted the "opportunities" available to the company with the $150 million investment the Flint Assembly plant.

General Motors is in the business of building trucks and if the company’s move to invest $150 million into its truck plant in Flint, Michigan, is any indication, business is good.

Just last month, the company announced plans to invest $24 million into its Ft. Wayne, Indiana plant to help expand its light-duty truck production. Today’s announcement is to ramp up production of GM’s heavy-duty versions of the Chevrolet Silverado and GMC Sierra.

News Now!

“We have tremendous opportunities to grow our heavy-duty pickup business, because we’ve invested in capability, performance, innovation and capacity,” said Mark Reuss, GM president. (more…)

GM Investing $24M in Ft. Wayne Plant to Boost Pickup Production

Move follows major investment in Michigan HD truck plant.

by on May.30, 2019

GM Chairman Mary Barra talks with workers at the company's Fort Wayne truck plant where it plans to invest $24 million to expand production.

With pickup sales continuing to skyrocket, despite the overall slowdown in the U.S. automotive market, General Motors said Thursday it will invest $24 million to boost production at the Fort Wayne, Indiana plant that produces two of its most profitable trucks.

The move will not only boost output of the full-size Chevrolet Silverado and GMC Sierra models, but may also offer an opportunity for some of the workers displaced by the closure of two other GM assembly plants in Michigan and Ohio.

Business News!

“The team here at Fort Wayne has done an outstanding job helping us satisfy customers throughout this launch,” GM CEO Mary Barra said during an announcement at the Fort Wayne plant which currently employs about 4,230 hourly workers. (more…)

Automakers Still Looking for Top Price on Full-Size Pickups

Trucks continue growing bottom line for automakers.

by on May.21, 2019

The Sierra HD 3500 makes an audacious debut pulling 225,000 pounds of yacht and trailer. It also gets an audacious price tag.

Truck sales are booming, which is good news for automakers since they result in big profits. Only adding to their bottom-line delight is that the fastest growing area are the highly profitable “luxury” trucks with price tags zipping past $60,000.

New full-size trucks in 2018 were 16% more expensive than those in 2015, and midsize trucks were 3% more expensive, according to CarGurus.com. In fact, the top end of the market has trucks passed the $80,000 mark, and the good news is that there is probably room for even more expensive pickups, according to one truck executive.

Product News!

“I think there’s still an opportunity (in vehicles) for traditional luxury items, like more materials, audio systems, things like that,” said Duncan Aldred, vice president, Global Buick and GMC, recently during a meeting with journalists. (more…)

General Motors Debuts New Digital Brain for Future Vehicles

New architecture allows for future connected car tech.

by on May.21, 2019

GM's new digital vehicle platform can process 4.5 terabytes per hour and will debut on the 2020 Cadillac CT5 sedan.

General Motors is pushing to remain a leader in autonomous technology with new vehicles and mobility services; however, it’s latest development may be the most critical to ensure it remains at the front of the pack.

The company unveiled its new all-new digital platform architecture, designed with the needs of future, such as connected cars, autonomous electric vehicles and other technologies, in mind. Until now, GM has been loading up its previous gen architecture with new tech, despite the fact it is more than 20 years old and comes with limitations.

Product News!

The new architecture, which will underpin the 2020 Cadillac CT5 sedan and its Super Cruise semi-autonomous driving feature, should be available across nearly all GM product lines by 2023, the company says. (more…)

GMC Tightens Up Premium Truck Segment with 2020 Sierra 1500

More technology and engine choices highlight new truck.

by on May.17, 2019

For 2020, the GMC Sierra gets a slew of new technology as well as a new engine offering.

The competition to produce the best-equipped pickup truck continued to get tighter today with GMC’s announcement that its “taking premium to the next level” for its 2020 Sierra 1500.

GMC’s full-size light-duty pickup can now get a slew of new options to take it up a notch, including expanded availability for its carbon fiber bed, 3.0-liter Duramax turbo-diesel and 10-speed automatic transmission, additional technology like Adaptive Cruise Control – Camera.

Product News!

While options are great, functionality is still king among truck users and GMC is looking to make a statement in that arena too. For 2020, the Sierra 1500 will be available with the upgraded ProGrade Trailering System introduced earlier this year on the 2020 Sierra HD. The updated system offers 15 camera views – the class leader –  an in-vehicle Trailering App which has been enhanced to simplify the trailering process. (more…)

GM Ponders $1B Investment in Missouri Plant

Automaker reportedly meeting with governor about incentives.

by on May.02, 2019

GM may invest as much as $1 billion into its Wentzville, Missouri plant that produces midsize trucks and full-size vans.

General Motors is apparently preparing for a major investment at its big truck assembly plant in Wentzville, Missouri, according to media reports from St. Louis.

GM officials are expected to meet with Missouri Governor Mike Parson to discuss what is described as a $1 billion expansion project at Wentzville, which currently employs 3,800 hourly and salaried employees, St Louis Today reported.

Plant News!

No details about the expansion have been disclosed but GM is expected to request a package of incentives from the state of Missouri to help pay for job training and retooling the plant, which is located about 40 miles from St. Louis. (more…)

GM CEO Barra Confirms Plans for Electric Pickup

Could target competitors from Ford, Rivian, Tesla.

by on Apr.30, 2019

GM claims it "future-proofed" the current Silverado to accept electrified drivetrain options.

General Motors will build an all-electric pickup, CEO Mary Barra said Tuesday, confirming a report that first appeared in TheDetroitBureau.com in February.

The executive declined to provide details about the project, but the news took few industry observers by surprise considering that Ford and Tesla have also announced plans to build all-electric trucks, as has Detroit-based start-up Rivian.

Electrifying News!

GM “will not cede our leadership” in the truck segment, Barra said during a conference call with industry analysts and media to discuss the automaker’s first-quarter earnings.

(more…)

Strong Sales of Pricey Pickups Help GM Beat Earnings Estimate

But sliding U.S. market share worries investors.

by on Apr.30, 2019

GM CEO Mary Barra shown in March announcing a major investment in battery-car production.

Cost-cutting and pricey pickups. That was the formula for General Motors as it managed to beat Wall Street’s earnings expectations for the first quarter of 2019 with adjusted earnings of $1.41 a share, 30 cents better than the consensus forecast.

But that wasn’t enough to satisfy investors who have been driving down GM shares in morning trading, the market appearing to react to weak sales and the automaker’s home market share decline from 16.9% during the fourth quarter of 2018 to 15.6% during the most recent three-month period.

Earnings News!

“GM’s first-quarter operating results were in line with expectations we shared in January,” CEO and Chairman Mary Barra said during a conference call with analysts and the media Tuesday morning. “My confidence in the year ahead remains strong, driven by our all-new full-size truck launch and our ongoing business transformation.”

(more…)

Big Three Group Supports Trump Report on USMCA Benefits

Support comes despite conflicting study from IMF.

by on Apr.19, 2019

A new report from the U.S. Trade Representative says the new USMCA will bring substantial benefits; however, an IMF study suggests otherwise.

Detroit’s automakers are rushing to defend a report from the Trump administration that touts the benefits of the new North American Free Trade Agreement.

The Trump administration report, produced by the United States Trade Representative (USTR), was released Thursday in advance of less than an underwhelming independent government estimate of the economic impact of proposed U.S. Mexico Canada Agreement, or USMCA.

Trade News!

Trump has portrayed the new agreement he negotiated as a replacement for NAFTA as likely to lead to a rush of new investment and jobs in the U.S. and an end to the outsourcing he and others have blamed for a hollowing out of American manufacturing. (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…)


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