U.S. Treasury and UAW Health Care Trust To Sell More Shares of General Motors

The seemingly never-ending diesel heavy-duty truck war is back in force with Ford announcing the power figures for the F-Series Super Duty back in the summer. We were wondering when either FCA or GM would strike back. Well GM did this over the weekend by accidently and then subsequently deleting the figures for the next-generation Duramax V8 diesel.
Truck Trend got screenshots of GM Powertrain's website where the details of the L5P 6.6L Duramax turbodiesel are there to see: 445 horsepower and 910 pound-feet of torque. Compared the 6.7L PowerStoke V8 found in the 2017 F-Series Super Duty, the updated Duramax produces 5 more horsepower but is slight behind in torque (15 down from the PowerStroke's 925 pound-feet).
We know for sure that the new Duramax will debut a new air intake system (you can see the new hood scoop in the picture above). More air is a good thing as it means better cooling and more power.
The Texas State Fair is this week and it has become a showplace for the various truck manufacturers to make big announcements. We wouldn't be shocked if General Motors debuts the new Duramax there.
Source: Truck Trend

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The seemingly never-ending diesel heavy-duty truck war is back in force with Ford announcing the power figures for the F-Series Super Duty back in the summer. We were wondering when either FCA or GM would strike back. Well GM did this over the weekend by accidently and then subsequently deleting the figures for the next-generation Duramax V8 diesel.
Truck Trend got screenshots of GM Powertrain's website where the details of the L5P 6.6L Duramax turbodiesel are there to see: 445 horsepower and 910 pound-feet of torque. Compared the 6.7L PowerStoke V8 found in the 2017 F-Series Super Duty, the updated Duramax produces 5 more horsepower but is slight behind in torque (15 down from the PowerStroke's 925 pound-feet).
We know for sure that the new Duramax will debut a new air intake system (you can see the new hood scoop in the picture above). More air is a good thing as it means better cooling and more power.
The Texas State Fair is this week and it has become a showplace for the various truck manufacturers to make big announcements. We wouldn't be shocked if General Motors debuts the new Duramax there.
Source: Truck Trend

The tentative agreement between General Motors and Canadian union Unifor has a $400 million investment going to Oshawa for a new product. Unifor President Jerry Dias said at a press briefing yesterday morning that Oshawa would be the only GM plant that will build cars and trucks. Neither side is saying what that product might be.
But Canadian newspaper The Globe and Mail has learned from sources that Oshawa will be handling the final assembly of the Chevrolet Silverado and GMC Sierra. Truck bodies from GM's Fort Wayne Assembly in Indiana will travel to Oshawa to have interiors installed and final assembly. The Detroit News reports something similar, although their source says it will only be the Silverado.
Oshawa has a history of building pickups. For four decades, Oshawa was one of the places where GM built the Silverado and Sierra. But in 2009, GM closed the truck plant due to the recession. 
The Globe and Mail also reports that production of the XTS has been extended at Oshawa. Analysts believed previously that XTS production would end in 2019.
Source: The Globe and Mail, The Detroit News

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The tentative agreement between General Motors and Canadian union Unifor has a $400 million investment going to Oshawa for a new product. Unifor President Jerry Dias said at a press briefing yesterday morning that Oshawa would be the only GM plant that will build cars and trucks. Neither side is saying what that product might be.
But Canadian newspaper The Globe and Mail has learned from sources that Oshawa will be handling the final assembly of the Chevrolet Silverado and GMC Sierra. Truck bodies from GM's Fort Wayne Assembly in Indiana will travel to Oshawa to have interiors installed and final assembly. The Detroit News reports something similar, although their source says it will only be the Silverado.
Oshawa has a history of building pickups. For four decades, Oshawa was one of the places where GM built the Silverado and Sierra. But in 2009, GM closed the truck plant due to the recession. 
The Globe and Mail also reports that production of the XTS has been extended at Oshawa. Analysts believed previously that XTS production would end in 2019.
Source: The Globe and Mail, The Detroit News

It came down to the wire, but a tentative deal between General Motors and Canadian union Unifor was reached before the midnight deadline. 
“Did we achieve our objective? I would suggest the answer is clearly yes,” said Unifor President Jerry Dias during a press conference this morning.
“We have found a solution for your facilities. To say this is a difficult set of negotiations is an incredible understatement."
In a statement released by GM, the tentative agreement will bring wage increases to the 3,860 workers and introduce new investments and products to the Oshawa and St. Catharines plants. Oshawa was a key focus for Unifor as GM didn't have any plans for the plant after 2018. 
For St. Catharines, GM will move some engine production from Mexico to the plant. A source tells The Detroit News the plant will also continue building the 3.6L V6 and add some transmission work. Oshawa was the big winner as GM will be investing millions into the plant to make it the only GM plant that will build cars and trucks. GM and Unifor aren't saying what the products will be. 
“It’s a total win for Jerry Dias and Unifor. They got everything they were looking to get going into the talks; every box right now is checked,” said Tony Faria, professor emeritus, office of automotive and vehicle research at the University of Windsor’s Odette School of Business.
Source: Automotive News (Subscription Required), The Detroit News, 2, GM
Press Release is on Page 2


General Motors of Canada Media Statement
OSHAWA, ON, September 20, 2016 — General Motors of Canada and Unifor have reached a tentative new collective agreement, covering approximately 3,860 represented employees at just after midnight on September 20th 2016.  The agreement will enable significant new product, technology and process investments at GM’s Oshawa, St. Catharines and Woodstock facilities, placing those operations at the forefront of advanced manufacturing flexibility, innovation and environmental sustainability.  This agreement is subject to member ratification.  We will be working with government on potential support, and will provide further details on the investment at the appropriate time, while respecting Unifor’s ratification process.

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