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    • By William Maley
      As sales of compacts and sport cars begin declining, automakers are faced with tough decisions as to what in terms of production and workers. General Motors made the difficult decision to lay off 2,000 workers at two plants.
      Bloomberg reports that GM will be cutting the third shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). GM spokesman Tom Wickham said the company is treating the layoffs as permanent, although some workers will be able to transfer to other plants.
      The layoffs are due to sales of compact and sports cars going down due to consumers buying more crossovers. Sales of the Chevrolet Cruze dropped 20 percent through October, while the Camaro has seen a drop of 9 percent.
      On the same day, General Motors announced a $900 million investment for three plants - Toledo Transmission Operations, Bedford Casting Operations in Indiana, and Lansing Grand River. Wickham said this investment would not add any new jobs.
      Source: Bloomberg, General Motors
      Press Release is on Page 2


      General Motors today announced initiatives to strengthen and align its production output at key U.S. manufacturing operations. The plans include investing more than $900 million in three facilities — Toledo Transmission Operations in Ohio, Lansing Grand River in Michigan and Bedford Casting Operations in Indiana —  to prepare the facilities for future product programs.
      GM also announced plans to align production output with demand for cars built at the Lordstown, Ohio, and Lansing Grand River, Michigan, assembly plants. As the customer shift from cars to crossovers and trucks is projected to continue, GM will suspend the third shift of production at both facilities in the first quarter of 2017. 

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    • By William Maley
      As sales of compacts and sport cars begin declining, automakers are faced with tough decisions as to what in terms of production and workers. General Motors made the difficult decision to lay off 2,000 workers at two plants.
      Bloomberg reports that GM will be cutting the third shift at their Lansing Grand River plant in Michigan (home to Cadillac ATS, CTS, and Chevrolet Camaro) and a shift at Lordstown, Ohio plant (home to the Chevrolet Cruze). GM spokesman Tom Wickham said the company is treating the layoffs as permanent, although some workers will be able to transfer to other plants.
      The layoffs are due to sales of compact and sports cars going down due to consumers buying more crossovers. Sales of the Chevrolet Cruze dropped 20 percent through October, while the Camaro has seen a drop of 9 percent.
      On the same day, General Motors announced a $900 million investment for three plants - Toledo Transmission Operations, Bedford Casting Operations in Indiana, and Lansing Grand River. Wickham said this investment would not add any new jobs.
      Source: Bloomberg, General Motors
      Press Release is on Page 2


      General Motors today announced initiatives to strengthen and align its production output at key U.S. manufacturing operations. The plans include investing more than $900 million in three facilities — Toledo Transmission Operations in Ohio, Lansing Grand River in Michigan and Bedford Casting Operations in Indiana —  to prepare the facilities for future product programs.
      GM also announced plans to align production output with demand for cars built at the Lordstown, Ohio, and Lansing Grand River, Michigan, assembly plants. As the customer shift from cars to crossovers and trucks is projected to continue, GM will suspend the third shift of production at both facilities in the first quarter of 2017. 
    • By William Maley
      Chevrolet and Buick Post Big Retail Sales and Share Gains Keeping GM the Fastest-Growing Full-line Automaker
      Chevrolet U.S. retail sales up 6 percent for best October since 2004 Buick U.S. retail sales up 7 percent for best October since 2003 GMC sets brand’s all-time record for October ATP at $43,988 DETROIT – General Motors (NYSE: GM) sold 208,290 vehicles in October to individual or “retail” customers in the U.S., up 3 percent from last year, despite two fewer selling days. Based on initial estimates, GM outperformed the entire U.S. retail industry by a wide margin.
      Led by Chevrolet and Buick, GM’s U.S. retail market share rose to its highest October level since 2009. Based on initial estimates, GM’s retail market share jumped 1.6 percentage points in October to 18.1 percent, the largest retail market share gain of any manufacturer. GM has gained retail market share in 16 of the past 19 months.
      Chevrolet’s October U.S. retail sales were up 6 percent compared to last year, the brand’s best October since 2004. Buick’s October U.S. retail sales were up 7 percent, the brand’s best October since 2003.
      Chevrolet gained 1.4 percentage points of U.S. retail market share in October to 12.3 percent.  Chevrolet has gained U.S. retail market share in 9 out of 10 months this year, and remains the industry’s fastest-growing full-line brand.  Buick gained 0.2 percentage points of retail market share in October.
      In addition, GMC set an all-time October record for the brand’s ATP or Average Transaction Price of $43,988, up more than $1,800 over last October’s performance. 
      GM’s total U.S. sales in October were 258,626 vehicles, down less than 2 percent from last year. In addition, GM’s daily rental sales were down approximately 8,000 vehicles or about 19 percent in October compared to last year, as planned.
      “GM’s October performance reflects the strength of our retail business and our operating discipline. We gained profitable retail share in October while spending less than the industry average on incentives and commanding the industry’s best average transaction prices for any full-line automaker,” said Kurt McNeil, GM’s vice president of U.S. sales operations. “We will continue our disciplined approach and focus on retail in a strong industry.” 
      In October, GM’s incentive spending as a percent of ATP was 11.7 percent, below the industry average of 11.8 percent.
      GM’s ATPs, which reflect retail transaction prices after sales incentives, were $36,155 in October, more than $4,650 above the industry average and more than $1,000 above last October’s performance. 

      Through the first ten months of the year, GM retail sales are up 1 percent, compared to last year. GM has gained 0.6 percentage points of retail share during that timeframe, the largest retail share gain of any full-line automaker. Year to date, Chevrolet retail sales are up more than 2 percent and the brand’s retail share has grown 0.5 percentage points to 11.2 percent. Year to date, Buick retail deliveries have grown nearly 4 percent and Buick has gained 0.1 percentage points of retail share.
      GM continues to benefit from a strong U.S. economy.
      “Key fundamentals like job security, rising personal incomes, low fuel prices and low interest rates continue to provide the environment for a very healthy U.S. auto industry,” said Mustafa Mohatarem, GM’s chief economist. “The U.S. auto industry is well positioned for sales to continue at or near record levels for the foreseeable future.”
      October Retail Sales and Business Highlights vs. 2015 (except as noted)

      Chevrolet
      Chevrolet had its best October since 2004 and best year to date sales since 2006 Chevrolet cars sales continue to grow faster than the passenger car industry Malibu, Camaro, Corvette, Spark and Volt were up 39 percent, 14 percent, 8 percent, 5 percent and 6 percent, respectively Malibu had its best October since 1980 Camaro had its best October since 2009 Colorado, Suburban, Tahoe and Trax were up 42 percent, 35 percent, 49 percent and 37 percent, respectively Tahoe and Suburban had their best October since 2007 Colorado had its best October since 2004 GMC
      ATPs growing three times faster than industry pace Acadia, Canyon, Yukon XL and Yukon were up 17 percent, 15 percent, 3 percent and 26 percent, respectively More than 25 percent Denali penetration for the brand Sierra had its highest ATP ever at $46,876 Canyon had its best October ever Acadia had its best October ever Yukon had its best October since 2007 and 14th month of year-over-year growth Yukon XL had its best October since 2007 Buick
      Best October since 2003 and best year to date since 2005 LaCrosse was up 13 percent with new model off to a strong start Envision had best month since launch Cadillac
      Escalade retail sales up year to date more than 6 percent October ATP was a record $55,058, up more than $2,300 from last October Record year to date ATP of $53,542 Year-to-date retail luxury market share in line with 2015 performance Average Transaction Prices (ATP)/Incentives
      GM’s ATPs, which reflect retail transaction prices after sales incentives, were $36,155 in October, more than $4,650 above the industry average in October and more than $1,000 above last October GM’s October incentive spending as a percentage of ATP was 11.7 percent, below the industry average of 11.8 percent, but down 1.4 percentage points from last month and well below many other competitors Fleet and Commercial
      Commercial fleet up 13 percent vs. September, and up 3 percent, selling day adjusted, YOY Malibu up 95 percent compared to last October Mid-size trucks up 218 percent compared to last October Federal Government sales up 53 percent Rental down 19 percent for October, and 29 percent year to date, according to plan Industry Sales
      GM estimates that the seasonally adjusted annual selling rate (SAAR) for light vehicles in October was approximately 18.0 million units. On a calendar year-to-date basis, GM estimates the light-vehicle SAAR was 17.4 million units
    • By William Maley
      Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
      The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
      Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
      "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
      Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
      Fisker will fully unveil the EMotion in mid-2017.
      Source: Motor1, Roadshow

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    • By William Maley
      Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
      The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
      Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
      "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
      Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
      Fisker will fully unveil the EMotion in mid-2017.
      Source: Motor1, Roadshow
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