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  1. General Motors' upcoming restructuring plan where more than 10,000 jobs will be cut and five factories losing products has caused many politicians to become very upset. Yesterday, CEO Mary Barra traveled to Capitol Hill to try an mitigate the social damage by this announcement. Those expecting Barra to backpedal or balk under pressure from various lawmakers on moving production of certain vehicles out of Mexico to plants in the U.S. would come away disappointed. “I want to make sure that the workforce knows that there are limitations and we do have an overcapacity across the country. I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” Barra told reporters in a press conference after meeting Senators Sherrod Brown (Democrat) and Rob Portman (Republican) of Ohio. The two senators have been critical about the plan and pushed Barra in their meeting to get a new product in Lordstown, whether that be one of the 20 new EVs GM is planning or move production of the Chevrolet Blazer from Mexico. “GM says it expects to build 20 new EVs in next five years. We want one or more of those vehicles to be built in Lordstown, Ohio. That’s where it belongs,” said Portman. Barra said during the meeting she'll "keep an open mind but she doesn't want to raise expectations." Speaking to Reuters, Barra said it would “very costly” to shift production from Mexico of the Chevrolet Blazer that will begin shortly. But she did mention "GM planned to add other products at U.S. plants next year." Whether that includes Lordstown or not remains to be seen as negotiations with the UAW kick off next year. President Donald Trump has been very critical of this plan, saying he could eliminate federal subsidies on electric cars - something that would hurt other automakers more than GM as it's close to 200,000 mark where the $7,500 subsidy begins to fade. When asked about this, Barra gave an indirect answer. “I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” said Barra. She continued by saying GM wanted to “do the right thing for our employees but also make sure General Motors is strong and lean in the future.” Source: Automotive News (Subscription Required), Detroit Free Press, Reuters GM Statement: Chairman and CEO Mary Barra on meetings with members of Congress from Ohio and Maryland “I had very constructive meetings with members of Congress from Ohio and Maryland. I share their concerns about the impact the actions we announced last week will have on our employees, their families and the communities. These were very difficult decisions -- decisions I take very personally. I informed the members that many hourly employees at the impacted U.S. plants will have the opportunity to work at other U.S. GM plants and that we are committed to working with them to minimize the impact on the communities. I also informed them that all salaried GM workers impacted by these actions are being offered outplacement services to help them transition to new jobs.” View full article
  2. William Maley

    Ms. Barra Goes to Washington

    General Motors' upcoming restructuring plan where more than 10,000 jobs will be cut and five factories losing products has caused many politicians to become very upset. Yesterday, CEO Mary Barra traveled to Capitol Hill to try an mitigate the social damage by this announcement. Those expecting Barra to backpedal or balk under pressure from various lawmakers on moving production of certain vehicles out of Mexico to plants in the U.S. would come away disappointed. “I want to make sure that the workforce knows that there are limitations and we do have an overcapacity across the country. I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” Barra told reporters in a press conference after meeting Senators Sherrod Brown (Democrat) and Rob Portman (Republican) of Ohio. The two senators have been critical about the plan and pushed Barra in their meeting to get a new product in Lordstown, whether that be one of the 20 new EVs GM is planning or move production of the Chevrolet Blazer from Mexico. “GM says it expects to build 20 new EVs in next five years. We want one or more of those vehicles to be built in Lordstown, Ohio. That’s where it belongs,” said Portman. Barra said during the meeting she'll "keep an open mind but she doesn't want to raise expectations." Speaking to Reuters, Barra said it would “very costly” to shift production from Mexico of the Chevrolet Blazer that will begin shortly. But she did mention "GM planned to add other products at U.S. plants next year." Whether that includes Lordstown or not remains to be seen as negotiations with the UAW kick off next year. President Donald Trump has been very critical of this plan, saying he could eliminate federal subsidies on electric cars - something that would hurt other automakers more than GM as it's close to 200,000 mark where the $7,500 subsidy begins to fade. When asked about this, Barra gave an indirect answer. “I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” said Barra. She continued by saying GM wanted to “do the right thing for our employees but also make sure General Motors is strong and lean in the future.” Source: Automotive News (Subscription Required), Detroit Free Press, Reuters GM Statement: Chairman and CEO Mary Barra on meetings with members of Congress from Ohio and Maryland “I had very constructive meetings with members of Congress from Ohio and Maryland. I share their concerns about the impact the actions we announced last week will have on our employees, their families and the communities. These were very difficult decisions -- decisions I take very personally. I informed the members that many hourly employees at the impacted U.S. plants will have the opportunity to work at other U.S. GM plants and that we are committed to working with them to minimize the impact on the communities. I also informed them that all salaried GM workers impacted by these actions are being offered outplacement services to help them transition to new jobs.”
  3. This morning, General Motors announced an overhaul of its operations in 2019 which will involve cutting more than 10,000 workers and possibly closing five plants by the end of the year. GM said the cuts should boost cash flow by six billion by the end of 2020. “The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future. We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success,” said GM Chairman and CEO Mary Barra in a statement. The plants up for possible closure are, Detroit-Hamtramck Assembly in Michigan - Home to Buick LaCrosse, Cadillac CT6, Chevrolet Impala, and Chevrolet Volt. Lordstown Assembly in Ohio - Home to Chevrolet Cruze. Oshawa Assembly in Ontario, Canada - Home to Cadillac XTS, Chevrolet Impala, and finishing production of last-generation Chevrolet Silverado and GMC Sierra Baltimore Operations in Maryland (Propulsion) Warren Transmission Operations in Michigan Hints of this announcement came out last night when reports from CTV and The Globe and Mail in Canada reported the closure of Oshawa. The plant closures also mean a number of models being dropped - including the LaCrosse, CT6, Impala, and Volt. The Cruze will be built in Mexico for other markets. It was expected GM was going to make some changes to address the underutilization of its plants. Dara from the Center for Automotive Research says GM represents 1 million of the 3.2 million units of underutilized capacity in the U.S. through October. This announcement comes on the eve of negotiations with the UAW next year and Unifor in 2020. The UAW has announced that it will challenge GM's decision "through every legal, contractual and collective bargaining avenue open to our membership." The announcement has brought pushback from politicians. Canadian Prime Minister Justin Trudeau expressed "deep disappointment" with the decision. U.S. Senator Rob Portman, a Republican from Ohio express frustration with the possible shutdown of Lordstown. One group not disappointed with the news is Wall Street. GM stock rose 6.18 percent to $38.00 per share at the time of this writing. Source: Automotive News (Subscription Required), Bloomberg, Reuters, Twitter, General Motors General Motors Accelerates Transformation Transforming the global enterprise to advance the company’s vision of Zero Crashes, Zero Emissions, Zero Congestion Taking cost actions and optimizing capital expenditures to drive annual run-rate cash savings of approximately $6 billion by year-end 2020 DETROIT – General Motors (NYSE: GM) will accelerate its transformation for the future, building on the comprehensive strategy it laid out in 2015 to strengthen its core business, capitalize on the future of personal mobility and drive significant cost efficiencies. Today, GM is continuing to take proactive steps to improve overall business performance including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce. These actions are expected to increase annual adjusted automotive free cash flow by $6 billion by year-end 2020 on a run-rate basis. “The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” said GM Chairman and CEO Mary Barra. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.” Contributing to the cash savings of approximately $6 billion are cost reductions of $4.5 billion and a lower capital expenditure annual run rate of almost $1.5 billion. The actions include: Transforming product development – GM is evolving its global product development workforce and processes to drive world-class levels of engineering in advanced technologies, and to improve quality and speed to market. Resources allocated to electric and autonomous vehicle programs will double in the next two years. Additional actions include: Increasing high-quality component sharing across the portfolio, especially those not visible and perceptible to customers. Expanding the use of virtual tools to lower development time and costs. Integrating its vehicle and propulsion engineering teams. Compressing its global product development campuses. Optimizing product portfolio – GM has recently invested in newer, highly efficient vehicle architectures, especially in trucks, crossovers and SUVs. GM now intends to prioritize future vehicle investments in its next-generation battery-electric architectures. As the current vehicle portfolio is optimized, it is expected that more than 75 percent of GM’s global sales volume will come from five vehicle architectures by early next decade. Increasing capacity utilization – In the past four years, GM has refocused capital and resources to support the growth of its crossovers, SUVs and trucks, adding shifts and investing $6.6 billion in U.S. plants that have created or maintained 17,600 jobs. With changing customer preferences in the U.S. and in response to market-related volume declines in cars, future products will be allocated to fewer plants next year. Assembly plants that will be unallocated in 2019 include: Oshawa Assembly in Oshawa, Ontario, Canada. Detroit-Hamtramck Assembly in Detroit. Lordstown Assembly in Warren, Ohio. Propulsion plants that will be unallocated in 2019 include: Baltimore Operations in White Marsh, Maryland. Warren Transmission Operations in Warren, Michigan. In addition to the previously announced closure of the assembly plant in Gunsan, Korea, GM will cease the operations of two additional plants outside North America by the end of 2019. These manufacturing actions are expected to significantly increase capacity utilization. To further enhance business performance, GM will continue working to improve other manufacturing costs, productivity and the competitiveness of wages and benefits. Staffing transformation – The company is transforming its global workforce to ensure it has the right skill sets for today and the future, while driving efficiencies through the utilization of best-in-class tools. Actions are being taken to reduce salaried and salaried contract staff by 15 percent, which includes 25 percent fewer executives to streamline decision making. Barra added, “These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle.” GM expects to fund the restructuring costs through a new credit facility that will further improve the company’s strong liquidity position and enhance its financial flexibility. GM expects to record pre-tax charges of $3.0 billion to $3.8 billion related to these actions, including up to $1.8 billion of non-cash accelerated asset write-downs and pension charges, and up to $2.0 billion of employee-related and other cash-based expenses. The majority of these charges will be considered special for EBIT-adjusted, EPS diluted-adjusted and adjusted automotive free cash flow purposes. The majority of these charges will be incurred in the fourth quarter of 2018 and first quarter of 2019, with some additional costs incurred through the remainder of 2019. View full article
  4. This morning, General Motors announced an overhaul of its operations in 2019 which will involve cutting more than 10,000 workers and possibly closing five plants by the end of the year. GM said the cuts should boost cash flow by six billion by the end of 2020. “The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future. We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success,” said GM Chairman and CEO Mary Barra in a statement. The plants up for possible closure are, Detroit-Hamtramck Assembly in Michigan - Home to Buick LaCrosse, Cadillac CT6, Chevrolet Impala, and Chevrolet Volt. Lordstown Assembly in Ohio - Home to Chevrolet Cruze. Oshawa Assembly in Ontario, Canada - Home to Cadillac XTS, Chevrolet Impala, and finishing production of last-generation Chevrolet Silverado and GMC Sierra Baltimore Operations in Maryland (Propulsion) Warren Transmission Operations in Michigan Hints of this announcement came out last night when reports from CTV and The Globe and Mail in Canada reported the closure of Oshawa. The plant closures also mean a number of models being dropped - including the LaCrosse, CT6, Impala, and Volt. The Cruze will be built in Mexico for other markets. It was expected GM was going to make some changes to address the underutilization of its plants. Dara from the Center for Automotive Research says GM represents 1 million of the 3.2 million units of underutilized capacity in the U.S. through October. This announcement comes on the eve of negotiations with the UAW next year and Unifor in 2020. The UAW has announced that it will challenge GM's decision "through every legal, contractual and collective bargaining avenue open to our membership." The announcement has brought pushback from politicians. Canadian Prime Minister Justin Trudeau expressed "deep disappointment" with the decision. U.S. Senator Rob Portman, a Republican from Ohio express frustration with the possible shutdown of Lordstown. One group not disappointed with the news is Wall Street. GM stock rose 6.18 percent to $38.00 per share at the time of this writing. Source: Automotive News (Subscription Required), Bloomberg, Reuters, Twitter, General Motors General Motors Accelerates Transformation Transforming the global enterprise to advance the company’s vision of Zero Crashes, Zero Emissions, Zero Congestion Taking cost actions and optimizing capital expenditures to drive annual run-rate cash savings of approximately $6 billion by year-end 2020 DETROIT – General Motors (NYSE: GM) will accelerate its transformation for the future, building on the comprehensive strategy it laid out in 2015 to strengthen its core business, capitalize on the future of personal mobility and drive significant cost efficiencies. Today, GM is continuing to take proactive steps to improve overall business performance including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce. These actions are expected to increase annual adjusted automotive free cash flow by $6 billion by year-end 2020 on a run-rate basis. “The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” said GM Chairman and CEO Mary Barra. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.” Contributing to the cash savings of approximately $6 billion are cost reductions of $4.5 billion and a lower capital expenditure annual run rate of almost $1.5 billion. The actions include: Transforming product development – GM is evolving its global product development workforce and processes to drive world-class levels of engineering in advanced technologies, and to improve quality and speed to market. Resources allocated to electric and autonomous vehicle programs will double in the next two years. Additional actions include: Increasing high-quality component sharing across the portfolio, especially those not visible and perceptible to customers. Expanding the use of virtual tools to lower development time and costs. Integrating its vehicle and propulsion engineering teams. Compressing its global product development campuses. Optimizing product portfolio – GM has recently invested in newer, highly efficient vehicle architectures, especially in trucks, crossovers and SUVs. GM now intends to prioritize future vehicle investments in its next-generation battery-electric architectures. As the current vehicle portfolio is optimized, it is expected that more than 75 percent of GM’s global sales volume will come from five vehicle architectures by early next decade. Increasing capacity utilization – In the past four years, GM has refocused capital and resources to support the growth of its crossovers, SUVs and trucks, adding shifts and investing $6.6 billion in U.S. plants that have created or maintained 17,600 jobs. With changing customer preferences in the U.S. and in response to market-related volume declines in cars, future products will be allocated to fewer plants next year. Assembly plants that will be unallocated in 2019 include: Oshawa Assembly in Oshawa, Ontario, Canada. Detroit-Hamtramck Assembly in Detroit. Lordstown Assembly in Warren, Ohio. Propulsion plants that will be unallocated in 2019 include: Baltimore Operations in White Marsh, Maryland. Warren Transmission Operations in Warren, Michigan. In addition to the previously announced closure of the assembly plant in Gunsan, Korea, GM will cease the operations of two additional plants outside North America by the end of 2019. These manufacturing actions are expected to significantly increase capacity utilization. To further enhance business performance, GM will continue working to improve other manufacturing costs, productivity and the competitiveness of wages and benefits. Staffing transformation – The company is transforming its global workforce to ensure it has the right skill sets for today and the future, while driving efficiencies through the utilization of best-in-class tools. Actions are being taken to reduce salaried and salaried contract staff by 15 percent, which includes 25 percent fewer executives to streamline decision making. Barra added, “These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle.” GM expects to fund the restructuring costs through a new credit facility that will further improve the company’s strong liquidity position and enhance its financial flexibility. GM expects to record pre-tax charges of $3.0 billion to $3.8 billion related to these actions, including up to $1.8 billion of non-cash accelerated asset write-downs and pension charges, and up to $2.0 billion of employee-related and other cash-based expenses. The majority of these charges will be considered special for EBIT-adjusted, EPS diluted-adjusted and adjusted automotive free cash flow purposes. The majority of these charges will be incurred in the fourth quarter of 2018 and first quarter of 2019, with some additional costs incurred through the remainder of 2019.
  5. Manufacturing Revamp? GM spoke out a week ago about a national electric vehicle mandate that they were in favor of. Tesla has reported a bigger than expected profitable quarter and if you Bing or Google National electric vehicle mandate, the stories covering this is huge with more auto companies in favor than against. GM, Honda and the State of California have all as of 10-26-2018 officially pushed back on Trump and his administration in regards to the U.S. fuel economy standards. The short story of what you can read at the bottom in the links is that they are saying the federal government should embrace a zero emission vehicle sales mandate nationwide with a program start date of 2021. Honda took it a step forward and said a nominal steady increase should continue on all auto's and not a freeze. To quote Mark Reuss, GM's executive vice president of global product development, "We know that we can do better than the Trump proposal. We know that the industry can do better than that." GM states that a nationwide program would put 7 million long-range electric cars on the road and slash 375 million tons of carbon dioxide emissions by 2030 compared with existing zero-emission mandates in this country. For details read the automotive news story as if really digs into the details of what is being called Faulty Modeling by the current administration and EPA. The story does quote the free-market Institute for Energy Research who says the existing standards are too aggressive penalizing suburban and rural consumers who are concerned about driving range and reliability. Industry uncertainty is very clear with some taking a big wait and see like FCA on one end and then GM, Honda and California on the other end saying the current administrations plan for revoking California's rule-making authority is flawed and should be scrapped. To quote Reuss in regards to a national electric car program: "It will facilitate more makers to be able to really focus on development of electric vehicles more efficiently, and take the guesswork out of what we think may or may not happen. We're making bets on a lot of uncertainty, which is highly destructive to capital." So what does this have to do with the title of "Fast Lane to EVs for GM? Some Think So!" Green car report got a no comment from GM when asked about a number of changes going on including upcoming announcements in regards to the Hamtramck plant which currently builds the Volt and is under utilized. The potential spin-off of Cruise Automation and or Maven, their profitable third quarter report and more according to multiple sources they say. To achieve the executive plan of Mary Barra of 20 new EVs by 2023 announced last fall GM is planning to make a series of manufacturing-location and development changes in motion to electrify it's fleet according to sources the story says. UAW and GM were in a give and take negotiations last year where the Buick LaCrosse, Cadillac CT6 and Chevrolet Impala were all on the possible kill off list as large sedans have struggled to sell in the current market lately. Some of these we know will continue on. GM has been cagey about the role of Plug-in hybrids with the slow selling of the Volt especially compared to the Toyota Prius Prime with a lower plug-in range, yet demand for the BOLT on the other hand has been very strong as GM has announced plans to expand production at the plant this year. GM's plan to unveil new long range electric CUVs also show that major changes in manufacturing will have to happen. GM is pushing ahead with a all new electric vehicle platform that will cover compact to full size electric long range auto's including family-sized crossovers. They have announced their all-new battery pack that will go into generation 2 EVs that will break the $100 / kWh barrier for lithium-ion packs allowing for a range of scale for both the China and US market along with the rest of the global market. This all comes on GM showing off their eCOPO Camaro that has an 800 volt battery pack very similar it would seem to the 800 volt pack that Porsche is using. This supports 700HP / 600 lb-ft of torque motors. Fast Charging that is 80% range in 15 min. it would appear that GM is embracing the future of automotive driving. Remember the Buick Enspire EV that has a 370 mile range battery pack, AWD with 550 HP with a 0 to 60 in 4 seconds. Then keep in mind while these are for China only, it would not be totally out of line for GM to change their mind and bring the Buick Velite 6 plug-in hybrid and long-range electric auto to the US after manufacturing starts in China. The Velite name used in China for all Hybrid and electric Buicks is currently on the Volt 2.0 platform, but the Velite 6 will be based on GMs new Modular compact to full size platform according to the Fool story. Buick Velite plug-in Hybrid will have a 435 mile range with battery pack / generator combo as it will use the new high-performance ternary lithium-ion battery pack built in the new GM battery plant in Shanghai. GM currently will not say much more about the new generation battery packs only they will release more info at a later date, possibly at an American auto show. Long story short, Motley Fool has a rare Double Down buy on GM stock with 20 new EV models for the global and US market, GM is showing true forward thinking that should place them well above other auto OEMs. GM has a $10,000 award for naming of their new $1,000 electric bike they are putting into production for sale across the U.S. According to GM the person responsible for naming this new foldable eBike will win $10,000 and all one needs to do is go to https://ebikebrandchallenge.com/call-for-entries to enter. You have till November 26th to enter. Nine finalist will win $1,000 each also. With the largest bike market being China, this totally makes sense for GM to get into and the U.S. as well as other markets will benefit from a bike that is assisted with electric drive to go nice and fast. So with so much electrification going on, why would one not expect GM to do a massive change in their manufacturing of auto's as they move to embrace a 36 month revolutionary role out or electric vehicles, bikes and who knows what else. Green Car Report Story Chicago Tribune Story on Mandate CNN National ZEV Mandate Story Automotive News story on Mandate Bing Search on Mandate Motley Fool story on Battery packs from GM U.S. Department of Energy PDF on GM's Li-Ion battery pack manufacturing eCOPO Camaro Media Release from GM GM eBike for Sale
  6. By the end of next year, GM's self-driving car unit was planning to have a fleet of self-driving taxis available those in San Fransisco, California. But a new report from Reuters casts some serious doubts on this goal. Speaking to a number of current and former GM and Cruise Automation employees, and autonomous vehicle technology experts, Reuters' report paints a picture of various issues that could derail Cruise's goal. The driverless Cruise vehicles (Chevrolet Bolt EVs) have struggled to determine whether objects on the road are moving or stationary. Example: Vehicles have stopped or hesitated when driving past a group of parked bicycles or motorcycles. Software has failed to identify pedestrians, "and has mistakenly seen phantom bicycles, causing the cars to brake erratically" Sources claim that software also slows the messages between the car’s sensors and computers Cruise doesn't have a data-sharing collaboration with the San Francisco Fire Department - necessary to train the cars when a fire truck is responding to an emergency. Numerous milestones have been missed such as logging a million miles a month by early 2018. Cruise is aware of the various issues. CEO Kyle Vogt told Reuters said the next-generation of hardware and software would solve various issues. General Motors' President Dan Ammann said that the 2019 goal would only move forward "if the Cruise system achieves the safety standards the automaker has established, and shown to regulators." At the current moment, that goal seems quite far away. Source: Reuters View full article
  7. By the end of next year, GM's self-driving car unit was planning to have a fleet of self-driving taxis available those in San Fransisco, California. But a new report from Reuters casts some serious doubts on this goal. Speaking to a number of current and former GM and Cruise Automation employees, and autonomous vehicle technology experts, Reuters' report paints a picture of various issues that could derail Cruise's goal. The driverless Cruise vehicles (Chevrolet Bolt EVs) have struggled to determine whether objects on the road are moving or stationary. Example: Vehicles have stopped or hesitated when driving past a group of parked bicycles or motorcycles. Software has failed to identify pedestrians, "and has mistakenly seen phantom bicycles, causing the cars to brake erratically" Sources claim that software also slows the messages between the car’s sensors and computers Cruise doesn't have a data-sharing collaboration with the San Francisco Fire Department - necessary to train the cars when a fire truck is responding to an emergency. Numerous milestones have been missed such as logging a million miles a month by early 2018. Cruise is aware of the various issues. CEO Kyle Vogt told Reuters said the next-generation of hardware and software would solve various issues. General Motors' President Dan Ammann said that the 2019 goal would only move forward "if the Cruise system achieves the safety standards the automaker has established, and shown to regulators." At the current moment, that goal seems quite far away. Source: Reuters
  8. To say that today the average auto is a supercomputer would be an understatement. Auto's are being asked to do so much now that many take it for granted what they can do and others wonder why self driving auto's are not already normal here after years of self driving auto's being promised. Part of this is computer tech only now getting up to speed, other reasons is adoption by people. Consumer Reports decided to check out just how good is autonomous driving and is it more of a Semi-automated driving. Consumer Reports has compared the Cadillac Super Cruise, Tesla's AutoPilot along with Nissan's ProPilot and Volvo's Pilot Assist. While GM, Tesla and Volvo did not respond to Consumer Reports request for response, Nissan did issue a statement saying that their ProPilot Assist system is available on several models all of which cost tens of thousands of dollars less than the others in the report. While CR has tested the automated driving systems for years, this is their first official in depth testing of the systems. The testing was conducted on both private and public roads to insure real world results. With a system that uses a combination of cameras, radar and other various sensors to map, monitor and react to traffic conditions, each system had its limitations. Cadillac Super Cruise only works on divided highways that have been mapped by GM. Tesla Autopilot can work on small, curvy roads with poor lane markings but operates erratically in those situations. Nissans ProPilot did better than Tesla and Volvo for keeping the drivers engaged but just under Cadillac's Super Cruise. Over all Cadillac's Super Cruise was judged to be the best balance of High-tech capabilities with car operational safety and driver engagement. Consumer Reports does point out that Super Cruise is NOT GM's Cruise self-driving technology that Honda has just bought into to help bring to market. Reuters Story
  9. General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle. Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.” “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement. Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit. Source: Automotive News (Subscription Required), General Motors Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology. Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network. Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion. In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion. “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.” “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.” “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.” View full article
  10. General Motors' self-driving unit, Cruise got a huge boost today from Honda. Today at a press conference, the two companies announced a new deal where Honda will invest $2.75 billion ($750 million upfront for a 5.7 percent stake and the remainder to be invested over the next 12 years) and will work together on developing a purpose-built self-driving vehicle. Speaking at GM's technical center in Warren, MI, CEO Mary Barra said Honda would provide "additional engineering, design, and technology expertise" and help assist Cruise's “global reach and the ability to deploy at-scale.” “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale,” said Barra in a statement. Honda's investment comes five months after Japanese holding conglomerate SoftBank invested $2.25 billion into the unit. Source: Automotive News (Subscription Required), General Motors Honda Joins with Cruise and General Motors to Build New Autonomous Vehicle Honda investment of $750 million values Cruise at $14.6 billion SAN FRANCISCO — Cruise and General Motors Co. (NYSE: GM) announced today that they have joined forces with Honda (TYO: 7267) to pursue the shared goal of transforming mobility through the large-scale deployment of autonomous vehicle technology. Honda will work jointly with Cruise and General Motors to fund and develop a purpose-built autonomous vehicle for Cruise that can serve a wide variety of use cases and be manufactured at high volume for global deployment. In addition, Cruise, General Motors and Honda will explore global opportunities for commercial deployment of the Cruise network. Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion. In addition to the recently announced SoftBank investments, this transaction brings the post-money valuation of Cruise to $14.6 billion. “This is the logical next step in General Motors and Honda’s relationship, given our joint work on electric vehicles, and our close integration with Cruise,” said General Motors Chairman and CEO Mary Barra. “Together, we can provide Cruise with the world’s best design, engineering and manufacturing expertise, and global reach to establish them as the leader in autonomous vehicle technology – while they move to deploy self-driving vehicles at scale.” “Honda chose to collaborate with Cruise and General Motors based on their leadership in autonomous and electric vehicle technology and our shared vision of a zero-emissions and zero-collision world,” said Honda Executive Vice President and Representative Director COO Seiji Kuraishi. “We will complement their strengths through our expertise in space efficiency and design to develop the most desirable and effective shared autonomous vehicle.” “With the backing of General Motors, SoftBank and now Honda, Cruise is deeply resourced to accomplish our mission to safely deploy autonomous technology across the globe,” said Cruise CEO Kyle Vogt. “The Honda partnership paves the way for massive scale by bringing a beautiful, efficient, and purpose-built vehicle to our network of shared autonomous vehicles.”
  11. General Motors is recalling 1,015,918 pickup trucks from the 2015 model year due to a problem with the electric power steering (EPS) system. In a letter published by the National Highway Traffic Safety Administration yesterday, the EPS may momentarily lose assist before regaining it. "If EPS assist is lost and then suddenly returns, the driver may have difficulty steering the vehicle, especially at low speeds, increasing the risk of a crash," wrote NHTSA. The models affected include, Cadillac Escalade Chevrolet Silverado Chevrolet Suburban Chevrolet Tahoe GMC Sierra GMC Yukon The fix is simple as dealers will update the EPS software. No word on when GM will begin the recall. GM issued a similar recall for about 700,000 Chevrolet and GMC trucks in the US last year. Source: NHTSA (PDF) Pic Credit: William Maley for Cheers & Gears View full article
  12. General Motors is recalling 1,015,918 pickup trucks from the 2015 model year due to a problem with the electric power steering (EPS) system. In a letter published by the National Highway Traffic Safety Administration yesterday, the EPS may momentarily lose assist before regaining it. "If EPS assist is lost and then suddenly returns, the driver may have difficulty steering the vehicle, especially at low speeds, increasing the risk of a crash," wrote NHTSA. The models affected include, Cadillac Escalade Chevrolet Silverado Chevrolet Suburban Chevrolet Tahoe GMC Sierra GMC Yukon The fix is simple as dealers will update the EPS software. No word on when GM will begin the recall. GM issued a similar recall for about 700,000 Chevrolet and GMC trucks in the US last year. Source: NHTSA (PDF) Pic Credit: William Maley for Cheers & Gears
  13. The Buick Envision finds itself in a tough spot. General Motors has been exporting the model to the U.S. since 2016. But with the on-going trade-war between the U.S. and China, it means the Envision could smacked with a 25% percent tariff. That is why GM is asking for exemption on the model. In a statement provided to Reuters, GM said that it filed the exemption request on July 30th to the U.S. Trade Representative. In the request, GM makes some sound arguments as to why the Envision should be excluded. Price is major factor. If the vehicle is hit with a 25 percent tariff, GM would be forced to pull it from the U.S. unless it wants to a take serious loss on each model. Why not build it here? The Envision has been a target of critics of Chinese-made goods, including leaders of UAW. GM explains that the sales volume of the Envision doesn't justify moving it to the U.S. Last year, Buick only sold 41,040 Envisions in the U.S. In China, Buick moved about 210,000 models. In addition, the current Envision is reaching the end of its current lifecycle before the company could make the preparations to build the model here. GM also makes the argument that the loss of the Envision would put them in a distinct disadvantage against foreign competitors such as Acura and Volvo. You can check out GM's request on regulations.gov website, which is tracking requests for exclusions from the Section 301 tariff. If the Envision does get hit with a 25 percent tariff, GM has already taken some steps to relieve some of the pain. Before the higher import tariffs went into affect, GM shipped in a six-month supply of Envisions that would be hit with the much smaller 2.5 percent tariff. This should keep dealers happy in terms of stock and not having to deal with a higher price. Source: Reuters, Regulations.gov View full article
  14. The Buick Envision finds itself in a tough spot. General Motors has been exporting the model to the U.S. since 2016. But with the on-going trade-war between the U.S. and China, it means the Envision could smacked with a 25% percent tariff. That is why GM is asking for exemption on the model. In a statement provided to Reuters, GM said that it filed the exemption request on July 30th to the U.S. Trade Representative. In the request, GM makes some sound arguments as to why the Envision should be excluded. Price is major factor. If the vehicle is hit with a 25 percent tariff, GM would be forced to pull it from the U.S. unless it wants to a take serious loss on each model. Why not build it here? The Envision has been a target of critics of Chinese-made goods, including leaders of UAW. GM explains that the sales volume of the Envision doesn't justify moving it to the U.S. Last year, Buick only sold 41,040 Envisions in the U.S. In China, Buick moved about 210,000 models. In addition, the current Envision is reaching the end of its current lifecycle before the company could make the preparations to build the model here. GM also makes the argument that the loss of the Envision would put them in a distinct disadvantage against foreign competitors such as Acura and Volvo. You can check out GM's request on regulations.gov website, which is tracking requests for exclusions from the Section 301 tariff. If the Envision does get hit with a 25 percent tariff, GM has already taken some steps to relieve some of the pain. Before the higher import tariffs went into affect, GM shipped in a six-month supply of Envisions that would be hit with the much smaller 2.5 percent tariff. This should keep dealers happy in terms of stock and not having to deal with a higher price. Source: Reuters, Regulations.gov
  15. ccap41

    Who Wore it Better?

    Well, pretty simple, who wore it better?
  16. Honda and GM have partnered up to develop the next generation of high density extreme fast charging battery packs. Honda and GM have already partnered on Hydrogen cell and motor technology development. Now they sign a multiyear agreement to develop batteries for the next generation of auto's. To quote the news release: "General Motors Co. (NYSE: GM) and Honda (NYSE: HMC) announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. The next-generation battery will deliver higher energy density, smaller packaging and faster charging capabilities for both companies’ future products, mainly for the North American market." http://www.gm.com/mol/m-2018-jun-0607-gm-honda-battery-cell.html
  17. Since the launch of Super Cruise on the 2018 Cadillac CT6, General Motors executives said the technology would expand to other brands. But they didn't give a timeframe as to when. Today at the Intelligent Transportation Society of America conference in Detroit, GM product chief Mark Reuss said Super Cruise would begin rolling out to Buick, Chevrolet, and GMC models after 2020. This will follow Cadillac's expansion of the technology to other models beginning in 2020. Super Cruise is "a feature that customers routinely come into dealerships asking about, shopping for, and specifically ordering," said Reuss in a speech. "Making it available in every Cadillac on the showroom floor just makes sense." GM also announced plans to introduce vehicle-to-everything (V2X) communications in a high-volume Cadillac crossover by 2023. This technology will allow the vehicle to communicate with everything from infrastructure to a person's smart phone to get information on construction, traffic lights, and other road hazards. This technology will expand to other Cadillac models in the future. Source: The Detroit News, Cadillac Cadillac to Expand Super Cruise Across Entire Lineup Super Cruise to roll out to other GM brands V2X communication debuts in Cadillac crossover in 2023 New York — Cadillac plans to expand the rollout of Super CruiseTM, the world’s first true hands-free driver assistance feature for the freeway. Super Cruise will be available on all Cadillac models, with the rollout beginning in 2020. After 2020, Super Cruise will make its introduction in other General Motors brands. Cadillac also plans to offer V2X communications in a high-volume crossover by 2023 and eventually expand the technology across Cadillac’s portfolio. Mark Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain, announced these plans at the Intelligent Transportation Society’s annual conference in Detroit Wednesday. “The expansion of Super Cruise and V2X communications technology demonstrates Cadillac’s commitment to innovation, and to making customers’ lives better,” Reuss said. “GM is just as committed to ushering in a new era of personal transportation, and technologies like these will enable it.” Reuss’ comments reaffirm GM Chairman and CEO Mary Barra’s pledge in her keynote address at the 2014 ITS World Congress, where she announced Cadillac would begin offering advanced intelligent and connected technology in its vehicles. “Cadillac is proud to be the leader for the company’s innovation,” said Steve Carlisle, Cadillac president. “Groundbreaking technologies like these continue to provide unparalleled comfort and convenience for our customers.” The Super Cruise driver assistance feature is made possible by precision LiDAR map data, high precision GPS, a state-of-the-art driver attention system and a network of camera and radar sensors. It requires an active OnStar service plan with emergency services to function. Customers can drive hands-free on more than 130,000 miles of limited-access freeways in the U.S. and Canada. The driver attention system helps to keep drivers engaged and detects when drivers need to pay more attention to the road. Even while using Super Cruise, drivers must always pay attention and not use a handheld device. Cadillac introduced vehicle-to-vehicle (V2V) communications on the CTS sedan in 2017, which uses Dedicated Short-Range Communications (DSRC) technology. Using the Basic Safety Message as a base, V2V can be extended to the roadway infrastructure and other roadway users (e.g., cyclists, pedestrians, etc.) establishing a V2X ecosystem. Using V2X, compatible vehicles can be notified of hazardous road conditions, traffic light statuses, changing work zones and more. With a range of nearly 1,000 feet, drivers can be alerted to possible threats in time to avoid a crash. View full article
  18. Since the launch of Super Cruise on the 2018 Cadillac CT6, General Motors executives said the technology would expand to other brands. But they didn't give a timeframe as to when. Today at the Intelligent Transportation Society of America conference in Detroit, GM product chief Mark Reuss said Super Cruise would begin rolling out to Buick, Chevrolet, and GMC models after 2020. This will follow Cadillac's expansion of the technology to other models beginning in 2020. Super Cruise is "a feature that customers routinely come into dealerships asking about, shopping for, and specifically ordering," said Reuss in a speech. "Making it available in every Cadillac on the showroom floor just makes sense." GM also announced plans to introduce vehicle-to-everything (V2X) communications in a high-volume Cadillac crossover by 2023. This technology will allow the vehicle to communicate with everything from infrastructure to a person's smart phone to get information on construction, traffic lights, and other road hazards. This technology will expand to other Cadillac models in the future. Source: The Detroit News, Cadillac Cadillac to Expand Super Cruise Across Entire Lineup Super Cruise to roll out to other GM brands V2X communication debuts in Cadillac crossover in 2023 New York — Cadillac plans to expand the rollout of Super CruiseTM, the world’s first true hands-free driver assistance feature for the freeway. Super Cruise will be available on all Cadillac models, with the rollout beginning in 2020. After 2020, Super Cruise will make its introduction in other General Motors brands. Cadillac also plans to offer V2X communications in a high-volume crossover by 2023 and eventually expand the technology across Cadillac’s portfolio. Mark Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain, announced these plans at the Intelligent Transportation Society’s annual conference in Detroit Wednesday. “The expansion of Super Cruise and V2X communications technology demonstrates Cadillac’s commitment to innovation, and to making customers’ lives better,” Reuss said. “GM is just as committed to ushering in a new era of personal transportation, and technologies like these will enable it.” Reuss’ comments reaffirm GM Chairman and CEO Mary Barra’s pledge in her keynote address at the 2014 ITS World Congress, where she announced Cadillac would begin offering advanced intelligent and connected technology in its vehicles. “Cadillac is proud to be the leader for the company’s innovation,” said Steve Carlisle, Cadillac president. “Groundbreaking technologies like these continue to provide unparalleled comfort and convenience for our customers.” The Super Cruise driver assistance feature is made possible by precision LiDAR map data, high precision GPS, a state-of-the-art driver attention system and a network of camera and radar sensors. It requires an active OnStar service plan with emergency services to function. Customers can drive hands-free on more than 130,000 miles of limited-access freeways in the U.S. and Canada. The driver attention system helps to keep drivers engaged and detects when drivers need to pay more attention to the road. Even while using Super Cruise, drivers must always pay attention and not use a handheld device. Cadillac introduced vehicle-to-vehicle (V2V) communications on the CTS sedan in 2017, which uses Dedicated Short-Range Communications (DSRC) technology. Using the Basic Safety Message as a base, V2V can be extended to the roadway infrastructure and other roadway users (e.g., cyclists, pedestrians, etc.) establishing a V2X ecosystem. Using V2X, compatible vehicles can be notified of hazardous road conditions, traffic light statuses, changing work zones and more. With a range of nearly 1,000 feet, drivers can be alerted to possible threats in time to avoid a crash.
  19. It has been a tense couple of months at GM Korea. Back in February, the company announced a restructuring plan for the division which included the closure of the Gunsan plant (one of the four plants operating in South Korea), and voluntary redundancies for 2,600 workers to stem the hemorrhaging of cash. Recently, GM has been pushing its workers’ union for concessions that would total $80 million. This is part of an effort to get a $500 million injection from the South Korean government to pay suppliers and workers. The workers union weren't buying, threatening to strike and trashing company executive offices earlier this month. Then GM threw down the gauntlet, either agree to the concessions by April 20th or we begin bankruptcy proceedings. “Without concessions from the labor union and clear resolution from stakeholders, the company has no choice but to go ahead with rehabilitation proceedings,” said GM Korea executive Kaher Kazem in an email to employees. Unfortunately, the date passed with no agreement and it seemed bankruptcy was on the horizon. But both GM and union rep would continue to talk over the weekend to see if a deal could be reached. At the 11th hour, an agreement was reached. “Through the latest agreement, GM Korea will be a competitive manufacturing company,” said Kazem in a statement today. According to Reuters who got to see the deal, the union agreed to freeze base wages, skip bonuses for this year, and cut back on benefits. “The labor union made huge concessions to save the company,” said Hong Young-pyo, a lawmaker of the ruling Democratic Party who worked on the mediation between the two groups. A union spokesman declined to comment when contacted by Reuters, only saying that workers will vote on the agreement later this week. The deal now allows the Korean government to fund Korea Development Bank (KDB) - the second largest shareholder in GM Korea - to provide support. It also allows GM to allocate two new models for the region. But some analysts are still uncertain as to the future of GM Korea. Labor costs, poor sales, and expensive export costs have some wondering if GM is in it for the long run or are planning an exit strategy. “GM has extended the lifeline of GM Korea, but not sure how long it will last,” said Lee Hang-koo, a senior research fellow at Korea Institute for Industrial Economics & Trade. Source: Reuters
  20. It has been a tense couple of months at GM Korea. Back in February, the company announced a restructuring plan for the division which included the closure of the Gunsan plant (one of the four plants operating in South Korea), and voluntary redundancies for 2,600 workers to stem the hemorrhaging of cash. Recently, GM has been pushing its workers’ union for concessions that would total $80 million. This is part of an effort to get a $500 million injection from the South Korean government to pay suppliers and workers. The workers union weren't buying, threatening to strike and trashing company executive offices earlier this month. Then GM threw down the gauntlet, either agree to the concessions by April 20th or we begin bankruptcy proceedings. “Without concessions from the labor union and clear resolution from stakeholders, the company has no choice but to go ahead with rehabilitation proceedings,” said GM Korea executive Kaher Kazem in an email to employees. Unfortunately, the date passed with no agreement and it seemed bankruptcy was on the horizon. But both GM and union rep would continue to talk over the weekend to see if a deal could be reached. At the 11th hour, an agreement was reached. “Through the latest agreement, GM Korea will be a competitive manufacturing company,” said Kazem in a statement today. According to Reuters who got to see the deal, the union agreed to freeze base wages, skip bonuses for this year, and cut back on benefits. “The labor union made huge concessions to save the company,” said Hong Young-pyo, a lawmaker of the ruling Democratic Party who worked on the mediation between the two groups. A union spokesman declined to comment when contacted by Reuters, only saying that workers will vote on the agreement later this week. The deal now allows the Korean government to fund Korea Development Bank (KDB) - the second largest shareholder in GM Korea - to provide support. It also allows GM to allocate two new models for the region. But some analysts are still uncertain as to the future of GM Korea. Labor costs, poor sales, and expensive export costs have some wondering if GM is in it for the long run or are planning an exit strategy. “GM has extended the lifeline of GM Korea, but not sure how long it will last,” said Lee Hang-koo, a senior research fellow at Korea Institute for Industrial Economics & Trade. Source: Reuters View full article
  21. In April of 2013, Ford and General Motors announced they would be working together on developing new nine and ten-speed automatic transmissions. The nine-speed automatic would be for front-wheel drive models, while rear-drive models got the ten-speed. Already, a number of Ford and GM vehicles are using the ten-speed. But GM will be the only one using the nine-speed. Automotive News reports that Ford is electing to use a new series of eight-speed automatic transmission on their vehicles. The company said the new nine-speed didn't provide enough of an improvement in fuel economy to justify the added cost and weight. According to a source, Ford made this decision before GM began to use this transmission on their production models. "Typically, if anyone gave me a transmission that didn't require much work, outside of tuning it for a specific vehicle, I would take it and run. It's a lot of design work after the fact to come up with their own flavor. It shows there might be some different schools of thought in terms of transmission efficiency," said Dave Sullivan, an analyst with AutoPacific Inc. While GM claims the nine-speed brings “smoother shifts” and a better driving experience, it hasn't brought any real gains to fuel economy. The 2017 Chevrolet Malibu 2.0T only saw an increase of one mpg on the highway when compared to the 2016 model with a six-speed automatic (33 vs. 32). The 2019 Buick Envision 2.0T saw its highway fuel economy drop by one when equipped with the nine-speed auto (25 vs. 26). It should be noted that one of the eight-speed transmissions Ford is using is based on the new nine-speed, minus a gear. Source: Automotive News (Subscription Required)
  22. In April of 2013, Ford and General Motors announced they would be working together on developing new nine and ten-speed automatic transmissions. The nine-speed automatic would be for front-wheel drive models, while rear-drive models got the ten-speed. Already, a number of Ford and GM vehicles are using the ten-speed. But GM will be the only one using the nine-speed. Automotive News reports that Ford is electing to use a new series of eight-speed automatic transmission on their vehicles. The company said the new nine-speed didn't provide enough of an improvement in fuel economy to justify the added cost and weight. According to a source, Ford made this decision before GM began to use this transmission on their production models. "Typically, if anyone gave me a transmission that didn't require much work, outside of tuning it for a specific vehicle, I would take it and run. It's a lot of design work after the fact to come up with their own flavor. It shows there might be some different schools of thought in terms of transmission efficiency," said Dave Sullivan, an analyst with AutoPacific Inc. While GM claims the nine-speed brings “smoother shifts” and a better driving experience, it hasn't brought any real gains to fuel economy. The 2017 Chevrolet Malibu 2.0T only saw an increase of one mpg on the highway when compared to the 2016 model with a six-speed automatic (33 vs. 32). The 2019 Buick Envision 2.0T saw its highway fuel economy drop by one when equipped with the nine-speed auto (25 vs. 26). It should be noted that one of the eight-speed transmissions Ford is using is based on the new nine-speed, minus a gear. Source: Automotive News (Subscription Required) View full article
  23. William Maley

    de Nysschen Out As Cadillac President (UPDATE)

    Cadillac's leadership is seeing a major change as current president Johan de Nysschen will be stepping down effective immediately. In his place will be Steve Carlisle who is currently president and managing director of GM Canada. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac. Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard,” said General Motors President Dan Ammann in a statement. No reason was given as to why de Nysschen is leaving after leading the brand for over three years. His tenure saw Cadillac make a number of dramatic changes including moving the brand's headquarters to New York City and introducing a new nomenclature system. Steve Carlisle has been part of GM since 1982 when he was an industrial engineering co-op student at the Oshawa assembly plant. He was named the president of GM Canada back in 2014 and helped the region get back on its feet. Last year, GM was number one in retail sales in Canada, with Buick, Cadillac, and GMC posting their best ever sales. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future. I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury,” said Carlisle. We'll be updating this story if any new information comes out. UPDATE: Automotive News and Wards Auto have learned some possible reasons as to why de Nysschen was shown the door. One is Cadillac's slumping sales. In 2017, sales in the U.S. dropped eight percent - the second straight year of a sales decline. Sales are doing slightly better in 2018 - up 8.1 percent - some of this is due to incentives being placed on slow-selling models. Project Pinnacle which was de Nysschen's ambitious incentive plan that would divide dealers into five tiers based on sales volume. Each tier would have different requirements in terms of showroom and service, along with perks. One contentious point that irked a number of dealers was smaller dealers setting up a "virtual showroom" where buyers could order vehicles. These dealers would not be able to stock Cadillac vehicles. Since then, Project Pinnacle has undergone a number of changes. Wards Auto says de Nysschen didn't move fast enough to join the fast-growing trend of crossovers. Cadillac has introduced the XT4 at the New York Auto Show last month are there plans to launch a couple more in the coming years, but this is only going to widen the gap between Cadillac and competitors. Both outlets report there has been growing tension between de Nysschen and GM. Such examples include him proclaiming that "Cadillac would be the technical leader at GM in the future," partly due to the launch of SuperCruise. Apparently, de Nysschen forgot about the Chevrolet Bolt and Volt. There was also the comment he made about Apple's CarPlay saying it was “extremely clunky”. (Mr. de Nysschen, have you even used CUE?! -WM) Source: General Motors GM Names Steve Carlisle Senior VP and President, Cadillac Johan de Nysschen leaves GM to pursue other interests; Travis Hester becomes president and managing director, GM Canada DETROIT — General Motors today announced the appointment of Steve Carlisle as General Motors senior vice president and president, Cadillac, replacing Johan de Nysschen, who is leaving the company effective immediately. Travis Hester, currently vice president, Global Product Programs, is named president and managing director, GM Canada, replacing Carlisle. The transition will begin immediately. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac,” said General Motors President Dan Ammann. “Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard.” Carlisle was most recently president and managing director of GM Canada, where he led a resurgence of the GM Canada franchise. In 2017, GM was number one in automotive retail sales in Canada, with Buick, GMC and Cadillac achieving their best ever sales years. Carlisle also reestablished key relationships in Canada with retailers, employees and government officials. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future,” said Carlisle. “I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury.” Carlisle will report to Dan Ammann. Carlisle began his GM career in 1982 as an industrial engineering co-op student at the Oshawa Truck Assembly Plant. Over the course of his career with General Motors, Carlisle has held several senior leadership positions that have taken him across the globe, including vice president, Global Product Planning (2010-2014); vice president, U.S. Sales Operations (2010); and president and managing director, Southeast Asia Operations (2007-2010). Hester brings extensive global leadership and global product development experience to his new role at GM Canada. Since 2016, he has led the team responsible for balancing all aspects of vehicle development, including quality, cost, appearance, purchasing, customer acceptance and performance targets. Hester will report to Alan Batey, president, GM North America. Hester began his GM career in 1995 in Australia as a technical support engineer for GM Holden. He held a variety of positions in Australia before moving to the U.S. in 2005. Since 2005, Hester has held engineering positions in both the U.S. and China, including chief engineer for several global premium luxury vehicles, the Buick Regal, Buick LaCrosse and the Chevrolet Sonic. Hester became vice president, Global Product Programs, in 2016.
  24. Cadillac's leadership is seeing a major change as current president Johan de Nysschen will be stepping down effective immediately. In his place will be Steve Carlisle who is currently president and managing director of GM Canada. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac. Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard,” said General Motors President Dan Ammann in a statement. No reason was given as to why de Nysschen is leaving after leading the brand for over three years. His tenure saw Cadillac make a number of dramatic changes including moving the brand's headquarters to New York City and introducing a new nomenclature system. Steve Carlisle has been part of GM since 1982 when he was an industrial engineering co-op student at the Oshawa assembly plant. He was named the president of GM Canada back in 2014 and helped the region get back on its feet. Last year, GM was number one in retail sales in Canada, with Buick, Cadillac, and GMC posting their best ever sales. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future. I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury,” said Carlisle. We'll be updating this story if any new information comes out. UPDATE: Automotive News and Wards Auto have learned some possible reasons as to why de Nysschen was shown the door. One is Cadillac's slumping sales. In 2017, sales in the U.S. dropped eight percent - the second straight year of a sales decline. Sales are doing slightly better in 2018 - up 8.1 percent - some of this is due to incentives being placed on slow-selling models. Project Pinnacle which was de Nysschen's ambitious incentive plan that would divide dealers into five tiers based on sales volume. Each tier would have different requirements in terms of showroom and service, along with perks. One contentious point that irked a number of dealers was smaller dealers setting up a "virtual showroom" where buyers could order vehicles. These dealers would not be able to stock Cadillac vehicles. Since then, Project Pinnacle has undergone a number of changes. Wards Auto says de Nysschen didn't move fast enough to join the fast-growing trend of crossovers. Cadillac has introduced the XT4 at the New York Auto Show last month are there plans to launch a couple more in the coming years, but this is only going to widen the gap between Cadillac and competitors. Both outlets report there has been growing tension between de Nysschen and GM. Such examples include him proclaiming that "Cadillac would be the technical leader at GM in the future," partly due to the launch of SuperCruise. Apparently, de Nysschen forgot about the Chevrolet Bolt and Volt. There was also the comment he made about Apple's CarPlay saying it was “extremely clunky”. (Mr. de Nysschen, have you even used CUE?! -WM) Source: General Motors GM Names Steve Carlisle Senior VP and President, Cadillac Johan de Nysschen leaves GM to pursue other interests; Travis Hester becomes president and managing director, GM Canada DETROIT — General Motors today announced the appointment of Steve Carlisle as General Motors senior vice president and president, Cadillac, replacing Johan de Nysschen, who is leaving the company effective immediately. Travis Hester, currently vice president, Global Product Programs, is named president and managing director, GM Canada, replacing Carlisle. The transition will begin immediately. “We appreciate Johan’s efforts over the last four years in setting a stronger foundation for Cadillac,” said General Motors President Dan Ammann. “Looking forward, the world is changing rapidly, and, beginning with the launch of the new XT4, it is paramount that we capitalize immediately on the opportunities that arise from this rate of change. This move will further accelerate our efforts in that regard.” Carlisle was most recently president and managing director of GM Canada, where he led a resurgence of the GM Canada franchise. In 2017, GM was number one in automotive retail sales in Canada, with Buick, GMC and Cadillac achieving their best ever sales years. Carlisle also reestablished key relationships in Canada with retailers, employees and government officials. “The potential for Cadillac across the globe is incredible and I’m honored to be chosen to be a part of mapping that future,” said Carlisle. “I look forward to building on our current momentum as we continue on our mission to position Cadillac at the pinnacle of luxury.” Carlisle will report to Dan Ammann. Carlisle began his GM career in 1982 as an industrial engineering co-op student at the Oshawa Truck Assembly Plant. Over the course of his career with General Motors, Carlisle has held several senior leadership positions that have taken him across the globe, including vice president, Global Product Planning (2010-2014); vice president, U.S. Sales Operations (2010); and president and managing director, Southeast Asia Operations (2007-2010). Hester brings extensive global leadership and global product development experience to his new role at GM Canada. Since 2016, he has led the team responsible for balancing all aspects of vehicle development, including quality, cost, appearance, purchasing, customer acceptance and performance targets. Hester will report to Alan Batey, president, GM North America. Hester began his GM career in 1995 in Australia as a technical support engineer for GM Holden. He held a variety of positions in Australia before moving to the U.S. in 2005. Since 2005, Hester has held engineering positions in both the U.S. and China, including chief engineer for several global premium luxury vehicles, the Buick Regal, Buick LaCrosse and the Chevrolet Sonic. Hester became vice president, Global Product Programs, in 2016. View full article
  25. Ahead of releasing this month's sales numbers, General Motors has announced that it will start reporting sales quarterly instead of monthly. “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market. Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing,” said Kurt McNeil, U.S. vice president, Sales Operations in a statement this morning. GM cites many reasons for the change to quarterly reporting - weather, product launches, number of selling days, incentives, and seasonal factors. “It’s not that (GM) doesn’t want to talk about how many cars they are selling or if they’re having a bad month. They’re still going to report everything quarterly,” explained IHS Markit analyst Stephanie Brinley. “It changes the tone of the story, because with month-to-month results it is difficult to really get a good picture of the industry.” "I understand the reasons they are doing it. There can be a lot of fluctuation during a month," said Michelle Krebs, executive analyst with Autotrader to Automotive News. Krebs went onto say that other automakers might consider following General Motors lead. She used the example of Chrysler which ended the practice of reporting sales-figures for 10 days in 1991. Other automakers would follow suit, but it took some time. GM didn't make the switch till 1994. "What happened was they decided to go monthly, and everybody did it. That would make me believe everybody is going to follow suit and follow GM's lead." But this move could bring forth some unattended consequences. Monthly sales numbers are used by many people and industries to help gauge the economy. It could also make estimates made by third-parties not fully reflect the automaker’s performance. “Right now, the market looks at whether someone comes in above or below forecasts. If GM’s sales are estimated monthly, those estimates could be really high and then the results come in lower when you look at quarterly sales. That could have unintended consequences.” But the inverse - GM posting higher sales numbers than what was estimated - is also true. One thing is certain, we just don't know how this is going to work out. Source: Automotive News (Subscription Required), The Detroit News, General Motors Press Release is on Page 2 GM to Begin Reporting U.S. Sales on a Quarterly Basis DETROIT – General Motors announced today it will begin reporting its U.S. vehicle sales on a quarterly basis, effective immediately. In 2018, second quarter sales will be released on July 3, third quarter sales on October 2 and fourth quarter sales on January 3, 2019. “Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market,” said Kurt McNeil, U.S. vice president, Sales Operations. “Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see how the business is performing.” In the auto industry, monthly sales are subject to many issues that make them more volatile than quarterly sales, including product launch activity, weather, other seasonal factors, the number of selling days and incentive activity. GM’s high level of transparency on total, brand and nameplate sales, fleet mix and inventory will not change. The company will also continue sharing J.D. Power PIN estimates for incentive spending and average transaction prices. The company’s March 2018 U.S. sales will be released today at 9:30 a.m. EDT. View full article

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