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      Lloyd-TX
      (62 years old)
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    • By William Maley
      China has fined General Motors $29 million for monopolistic pricing according to Reuters. This ends speculation that we first brought to light last week. The fine is due to GM setting minimum prices on certain Buick, Cadillac, and Chevrolet models.
      "GM fully respects local laws and regulations wherever we operate. We will provide full support to our joint venture in China to ensure that all responsive and appropriate actions are taken with respect to this matter," GM said in a email statement.
      It was speculated that the fine is due to comments made by president-elect Donald Trump about the U.S. possibly recognizing Taiwan. But sources tell Reuters that the investigation was already underway before Trump's comments. This is possibly a move by China to protect their companies. 
      Source: Reuters

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    • By William Maley
      China has fined General Motors $29 million for monopolistic pricing according to Reuters. This ends speculation that we first brought to light last week. The fine is due to GM setting minimum prices on certain Buick, Cadillac, and Chevrolet models.
      "GM fully respects local laws and regulations wherever we operate. We will provide full support to our joint venture in China to ensure that all responsive and appropriate actions are taken with respect to this matter," GM said in a email statement.
      It was speculated that the fine is due to comments made by president-elect Donald Trump about the U.S. possibly recognizing Taiwan. But sources tell Reuters that the investigation was already underway before Trump's comments. This is possibly a move by China to protect their companies. 
      Source: Reuters
    • By William Maley
      General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000.
      Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail.
      According to Autodata, this is amount of passenger vehicles GM had sitting,
      110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a 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). General Motors will also be shutting down five plants according to Reuters in January. The plants include,
      Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters

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    • By William Maley
      General Motors is dialing back on production as it currently has too many vehicles in inventory. The Detroit News reports that General Motors at the end of November had 874,000 vehicles sitting around - a number that hasn't been seen since the 2008 financial crisis. Compared to the same time last year, the number of vehicles has increased by 182,000 units. More worrying is that compared to October, the number of unsold vehicles rose by 40,000.
      Despite strong sales, more consumers are going with crossovers, SUVs, and pickup trucks. GM even increased incentives on a number of models to help relieve this glut, all to no avail.
      According to Autodata, this is amount of passenger vehicles GM had sitting,
      110 day-supply of the Cadillac CT6 119 day-supply of the Cadillac ATS 121 day-supply of the Chevrolet Cruze 132 day-supply of the Cadillac CTS 168 day supply of the Buick LaCrosse 170 day-supply of the Chevrolet Corvette and Spark 177 day-supply of the Chevrolet Camaro Because of this, General Motors is cutting back on production at some of their plants. As we reported last month , GM is cutting a 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). General Motors will also be shutting down five plants according to Reuters in January. The plants include,
      Detroit-Hamtramck (Three weeks) Fairfax, KS (Three weeks) Lansing Grand River (Two weeks) Lordstown, OH (One week) Bowling Green, KY (One week) Source: The Detroit News, Reuters
    • By William Maley
      Almost a week after the state of Michigan signed into law a series of bills that allow for the testing of autonomous vehicles on public roads, General Motors announced today that it would begin testing them immediately. The plan will see GM beginning to test vehicles on road the company's technical center in Warren, MI. In due course, the testing will move to the metro Detroit area. During a press conference today, CEO Mary Barra said Detroit would be GM's primary test area for snow and cold-weather driving.
      “Revolutionizing transportation for our customers while improving safety on roads is the goal of our autonomous vehicle technology, and today’s announcement gets us one step closer to making this vision a reality. Our autonomous technology will be reliable and safe, as customers have come to expect from any of our vehicles,” said Barra in a statement.
      Along with this, General Motors is assigning the Orion assembly plant to build the next-generation autonomous testing vehicles. They'll be based on the Chevrolet Bolt EV and come equipped with LiDAR, cameras, sensors and other hardware required for full autonomy. The vehicles will be used in Detroit, San Francisco, and Scottsdale, Arizona. Currently, GM has 40 test vehicles operating in San Francisco and Scottsdale.
      Source: General Motors
      Press Release is on Page 2


      GM to Start Autonomous Vehicle Manufacturing and Testing in Michigan

      DETROIT — On the heels of the signing of the SAVE Act legislation to support autonomous vehicle testing and deployment in Michigan, General Motors will immediately begin testing autonomous vehicles on public roads. GM also announced it will produce the next generation of its autonomous test vehicles at its Orion Township assembly plant beginning in early 2017. 
      “Revolutionizing transportation for our customers while improving safety on roads is the goal of our autonomous vehicle technology, and today’s announcement gets us one step closer to making this vision a reality,” said General Motors Chairman and CEO Mary Barra. “Our autonomous technology will be reliable and safe, as customers have come to expect from any of our vehicles.”
      Testing is already underway on GM’s Technical Center campus in Warren, Michigan, and with the passage of the SAVE Act legislation will now expand to public roads on the facility’s outskirts. Within the next few months, testing will expand to metro Detroit, which will become GM’s main location for the development of autonomous technology in winter climates. 
      Workers at the Orion Township assembly plant will build test fleet Bolt EVs equipped with fully autonomous technology. The plant currently manufactures the Chevrolet Bolt EV and Sonic. The new equipment will include LIDAR, cameras, sensors and other hardware designed to ensure system safety, leveraging GM’s proven manufacturing quality standards. 
      The test fleet vehicles will be used by GM engineers for continued testing and validation of GM’s autonomous technology already underway on public roads in San Francisco and Scottsdale, Arizona, as well as part of the Michigan testing fleet.
      Since the beginning of 2016, GM has taken significant steps in its development of autonomous vehicle technology.
      In January, the company announced the formation of a dedicated autonomous vehicle engineering team and a $500 million investment in Lyft to develop an integrated network of on-demand autonomous vehicles in the U.S. In March, the company announced the acquisition of Cruise Automation to provide deep software talent and rapid development expertise to help speed development. 
      In June, GM began testing autonomous Chevrolet Bolt EVs on the public roads in San Francisco and Scottsdale. The company has more than 40 autonomous vehicles testing in the two cities.

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