Posts Tagged ‘gm news’

Amazon Will Now Deliver Packages to Your Car, as Well as Your Home

New program available to millions of GM and Volvo owners.

by on Apr.24, 2018

An Amazon driver uses a smartphone app to open the trunk on a Chevrolet Bolt EV.

More than 100 million people, half of them in the U.S., now subscribe to online retail giant Amazon Prime. The $99-a-year service not only offers free delivery on most packages to a customer’s home but is now adding a new twist: customers can have packages delivered to the trunk of their vehicles.

The In-Car Delivery program will be available, starting today, to millions of owners of General Motors and Volvo vehicles in 37 U.S. cities. To use the service, a customer will simply choose “in-car delivery” among the various options Amazon offers.

We Deliver the News Where You Want it!

“At Amazon, we are always working to make our customers’ lives easier and starting today….Prime members now have another way to ensure their packages are safe and secure—all for no additional cost,” said Peter Larsen, Vice President of Delivery Technology, Amazon.

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Wage Deal in Hand, GM Abandons Threat to Put Korean Ops in Bankruptcy

But questions remain about the unit’s long-term prognosis.

by on Apr.23, 2018

With concessions from unions, GM believes it has a deal in place to keep GM Korea from bankruptcy.

General Motors today reached a tentative agreement with its South Korean labor union, a move that is expected to keep the automaker from putting its Korean subsidiary in bankruptcy – though it still is waiting for a final decision on a bailout from the Korea Development Bank.

Faced with plunging sales and rising costs, GM earlier this year announced it would close one of four Korean assembly plants and warned it could seek the Korean equivalent of Chapter 11 protection if it didn’t get a deal from workers and support from the KDB, which owns a 17% stake in GM Korea.

Global News!

“The labor union has demonstrated its commitment and we continue to work with our other key stakeholders to gain their support,” GM Korea CEO Kaher Kazem said in a statement, noting that ratification of the tentative agreement is “critical” to achieving additional support from shareholders and the Korean government. (more…)

Japanese Surge Reveals Broader Jump in Auto Imports

Rising numbers from Japan, Mexico, Korea, China challenge Trump 

by on Apr.20, 2018

Demand for the latest version of Nissan's Rogue has contributed to an increase in imports from Japan.

When Toyota and Mazda open a new assembly plant in Alabama in 2021, it will become the latest in a growing array of automotive plants Japanese manufacturers have set up in the U.S. since the mid-1980s – yet despite investing billions in their American operations, Japanese manufacturers have also been increasing exports to the U.S. from their home market factories.

The number of Japanese-made vehicles imported into the U.S. rose almost 10% during the first quarter of 2018. And Japan wasn’t alone.  Auto imports, as a whole have actually been on the rise, whether from Korea, Europe or Mexico, the latter country shipping about 7.5% more vehicles to the U.S. in March than the year before – despite Pres. Donald Trump’s high-profile push to bring more auto production back to the States.

Trade News!

“Japan sends us million and millions of cars, and we tax them virtually not at all. And we don’t send so much product because we have trade barriers and lots of other things,” the president complained during a news conference this week while standing alongside Japanese Prime Minister Shinzo Abe.

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GM Adds eBay CEO to Board of Directors

Company updates $16.5 billion line of credit.

by on Apr.20, 2018

Devin Wenig, eBay CEO, has been recommended to joined the General Motors Board of Directors.

General Motors has reached out to Silicon Valley to obtain a new recruit for the company’s board of directors while also adding to its lines of credit.

The election of eBay CEO Devin Wenig to the board’s slate of nominees will bring GM’s Board of Directors to 11 members, 10 of whom are non-employee directors. Wenig will stand for election at GM’s Annual Meeting of Shareholders on June 12, 2018.

Industry News!

“Devin brings significant expertise in technology, global operations and strategic planning to our board,” said GM Chairman and CEO Mary Barra.  (more…)

China to “Significantly Lower” Tariffs on Vehicle Imports

Move could help defuse threat of trade war, but unclear how much will change.

by on Apr.10, 2018

Tesla CEO Musk is one of those celebrating China's plans to sharply reduce import auto tariffs.

Foreign automakers have long complained about the hefty tariffs levied on vehicles exported to China, but Chinese President Xi Jinping on Tuesday said his government plans to “significantly lower” duties this year.

The move comes at a time when tensions between the U.S. and China have built to the point where many observers have been fearing the start of a potentially devastating trade war. Just Monday, U.S. President Donald Trump complained in a tweet about “STUPID TRADE” policies that allowed the Chinese to levy a 25% tariff on imported vehicles, compared to the 2.5% duties imposed by the U.S. on most foreign-made vehicles.

More Than Just Headlines!

The Chinese president’s comments leave a lot of questions to be answered before it can be clear what impact the proposed move will have on foreign automakers, but at least one U.S.-based manufacturer is pleased, Tesla CEO Elon Musk quickly tweeting, “This is a very important action by China. Avoiding a trade war will benefit all countries.”

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End of the Road for Chevy Spark?

Korean plant may replace minicar with new CUV.

by on Apr.09, 2018

The Chevrolet Spark is at the end of the line as General Motors plans to end production of the small car in favor of a crossover.

Yet another familiar passenger car nameplate may be heading to the junkyard, General Motors’ troubled Korean subsidiary saying Monday that it may discontinue the Chevrolet Spark and replace it with a new crossover model.

The potential move has been prompted by the sharp decline in Spark sales, especially in the critical U.S. market, but also reflects GM’s efforts to try to turn things around in Korea. The Detroit-based automaker recently announced it will close one of four Korean plants and could shut down its operations there entirely without a mix of union concessions and government assistance.

Industry News!

The Spark is one of a growing number of sedans, coupes and other passenger car models facing an uncertain future. As TheDetroitBureau.com reported last week, the slightly larger Chevy Sonic is also likely to be pulled from production in the near future as GM shifts resources to focus more on the SUVs, CUVs and other light truck models that continue to gain market momentum. (more…)

GM Set to Unveil EV Concept in China Despite US Trade Issues

Company straddling tough line due to tariff-based volatility.

by on Apr.09, 2018

GM is ready to unveil its first-ever fully electric SUV, the Enspire, in China later this month.

The United States and China might appear headed for a full-blown trade war that could rattle the global economy, but General Motors, one of the American companies that could get hurt in the crossfire is moving ahead with its aggressive plans for the Chinese market.

Last week, Buick, GM’s leading brand in China, announced that the Enspire, its new all-electric concept SUV, will make its global debut at Buick Brand Night April 17, in Wuzhen, Zhejiang.

Global News!

It will also be on display to the public at Auto China 2018 in Beijing, which begins later this month. (more…)

Cadillac Exposed!

Here's how brand boss de Nysschen plans to use a new fleet of cars, crossovers and EVs to double U.S. and Chinese sales and even – finally – crash Europe. Exclusively on TheDetroitBureau.com.

by on Apr.06, 2018

Cadillac President John de Nysschen had two big intros in NY, including the CT6 V-Sport.

Cadillac is covering both ends of the spectrum at this month’s New York International Auto Show, offering up both the new entry-luxury XT4 sport-utility vehicle, as well as a high-performance version of its flagship sedan, the new CT6 V-Sport.

The two mark the start of an unprecedented product roll-out that, Cadillac President Johan de Nysschen announced during a NYIAS news briefing, will add 11 models to the brand’s line-up by 2021. But that’s only a glimpse at what’s actually coming, the South African-born executive revealed in an exclusive interview with TheDetroitBureau.com.

The Last Word!

Long positioned as “the standard of the world,” Cadillac fell off its perch in the 1990s, dethroned by high-line European and Asian imports like Lexus, BMW and Mercedes-Benz. It’s had a few false starts in its bid to regain its former glory. But de Nysschen has put in place a do-or-die strategy that is aimed at more than doubling Caddy’s global volume with a mix of new products, advanced powertrains and a new approach to sales and service. Much will depend on the booming Chinese luxury market, but the Caddy chief is also determined to take on key rivals in their home, European market.

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3 Familiar Models May Vanish as Sales Shift to SUVs

Ford Taurus exiting for a second time, along with Fiesta and Chevy Sonic.

by on Apr.05, 2018

The Taurus is one of two Ford models that are expected to be dropped over the next few years.

March saw an even bigger surge in demand for SUVs, CUVs and other light trucks but, according to industry data, sales of sedans, coupes and hatchbacks continued to decline – an ongoing trend that is expected to lead to the demise of a number of once-popular passenger car models, including Ford’s big Taurus and subcompact Fiesta, as well as the little Chevrolet Sonic.

And even more passenger car models could be on the way out, according to industry sources, even as manufacturers move to expand their light truck portfolios to take advantage of one of the biggest market shifts in decades.

Product News!

“I think we’re going to see some contraction in passenger car nameplates,” said Stephanie Brinley, principle automotive analyst at IHS Automotive. “That’s not to say they’ll go away. Some people still like them….but there’ll be some rationalization over time.”

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Trump Trade Disputes Put Automakers in Crosshairs

U.S. auto buyers could face substantially higher prices; industry profits could tumble.

by on Apr.04, 2018

President Donald Trump could be hearing rumbles from the auto industry over his trade policies.

Wall Street investors aren’t the only ones growing worried about Pres. Donald Trump’s increasingly aggressive actions on international trade. Finding themselves in the crosshairs of a potential trade war, automakers are also sounding the alarm.

“We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.,” the president tweeted this week, ahead of announcing $50 billion in tariffs on Chinese-made goods. The move quickly was mirrored by tariffs announced by China.

News You Can Trust!

The tit-for-tat trade battle could lead to serious problems for a number of industries, including aerospace, agriculture and chip manufacturers – as well as the auto industry. Carmakers are also fretting over the president’s increasingly confrontational tone over NAFTA, trade with Europe and new tariffs on imported steel and aluminum.

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