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Found 223 results

  1. 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
  2. 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.
  3. 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
  4. William Maley

    GM To Report Sales Quarterly, Not Monthly

    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.
  5. If you happen to be an owner of a General Motors vehicle and are looking to earn some cash, then a new pilot program might be of interest. Bloomberg has learned from sources that GM is planning to launch a program where owners can rent out their vehicles when they aren't driving them - think AirBnb for cars. This will be launch through GM's Maven car-sharing service sometime this summer. A GM spokesman declined to comment. This appears to be another part of GM's plan to transition from manufacturer to mobility provider. GM already has their car-sharing service Maven and invested $500 million into ride-hailing service Lyft. This idea of allowing owners to rent out their vehicles isn't new. Companies like Turo and Getaround have been doing the same thing for a number of years. But Alexandre Marian, a director in the automotive and industrial practice at consultant AlixPartners LLP said GM could have one big advantage, having a huge network of vehicle owners that could be part of the service. But there is a big risk for owners who decide to offer their vehicles up for rent, what happens if they get into an accident? Maven provides liability coverage for its renters. If you offer your vehicle through Turo have the choice of adding commercial coverage through their own insurance or one of the insurance companies that have partnered with the service. We're expecting GM to have some solution in place if they decide to go forward with this program. Source: Bloomberg
  6. If you happen to be an owner of a General Motors vehicle and are looking to earn some cash, then a new pilot program might be of interest. Bloomberg has learned from sources that GM is planning to launch a program where owners can rent out their vehicles when they aren't driving them - think AirBnb for cars. This will be launch through GM's Maven car-sharing service sometime this summer. A GM spokesman declined to comment. This appears to be another part of GM's plan to transition from manufacturer to mobility provider. GM already has their car-sharing service Maven and invested $500 million into ride-hailing service Lyft. This idea of allowing owners to rent out their vehicles isn't new. Companies like Turo and Getaround have been doing the same thing for a number of years. But Alexandre Marian, a director in the automotive and industrial practice at consultant AlixPartners LLP said GM could have one big advantage, having a huge network of vehicle owners that could be part of the service. But there is a big risk for owners who decide to offer their vehicles up for rent, what happens if they get into an accident? Maven provides liability coverage for its renters. If you offer your vehicle through Turo have the choice of adding commercial coverage through their own insurance or one of the insurance companies that have partnered with the service. We're expecting GM to have some solution in place if they decide to go forward with this program. Source: Bloomberg View full article
  7. This past year has seen General Motors not be shy with scaling back operations in various international markets. The company sold off Opel/Vauxhall to PSA Group, ended sales of Chevrolet vehicles in India, and closed down their operations in South Africa. Now, GM's Korea operations are on the chopping block. Last week, GM CEO Mary Barra revealed that company officials were in discussion with minority owners and union officials that could lead to "some rationalization actions or restructuring." "We're going to have to take actions going forward to have a viable business," said Barra during a conference call talking about GM's 2017 financial results. Sales of GM vehicles in Korea have dropped 20 percent, while manufacturing costs have increased. This has made South Korea a poor place to export vehicles to other markets. This week, GM announced that it will shutter the Gunsan plant (one of the four plants operating in South Korea). The plant employs 2,000 out of the 16,000 workers employed at GM Korea. GM said the reason for the closure came down to high labor costs and low output. The plant only operated at 20 percent of its capacity last year according to Reuters. Unsurprisingly, the news angered the South Korean government and workers at the plant. “The government expresses deep regret over GM’s one-sided decision to suspend and shut down” the plant, the finance ministry said in a statement. The ministry said it wants to conduct an audit of GM's operations help with the restructuring plan. As for workers at Gunsan plant, workers staged a protest yesterday, declaring the move a “death sentence”, and threatening a strike. “Let’s protect our right to live on our own,” said Kim Jae-hong, the leader of the workers’ union at the Gunsan branch. A GM Korea spokesman said the company "would continue discussions with the union and seek their understanding over the closure plan." Workers though aren't fully buying this. “We can’t accept this. The company informed us about the closure plan, not asking for our opinion. It was already the end of the discussions,” Dang Sung-geun, a senior official at the union of GM Korea told Reuters. “This is like a death sentence notice before the Lunar New Year holidays.” Source: Automotive News (Subscription Required), Bloomberg, Reuters (2)
  8. This past year has seen General Motors not be shy with scaling back operations in various international markets. The company sold off Opel/Vauxhall to PSA Group, ended sales of Chevrolet vehicles in India, and closed down their operations in South Africa. Now, GM's Korea operations are on the chopping block. Last week, GM CEO Mary Barra revealed that company officials were in discussion with minority owners and union officials that could lead to "some rationalization actions or restructuring." "We're going to have to take actions going forward to have a viable business," said Barra during a conference call talking about GM's 2017 financial results. Sales of GM vehicles in Korea have dropped 20 percent, while manufacturing costs have increased. This has made South Korea a poor place to export vehicles to other markets. This week, GM announced that it will shutter the Gunsan plant (one of the four plants operating in South Korea). The plant employs 2,000 out of the 16,000 workers employed at GM Korea. GM said the reason for the closure came down to high labor costs and low output. The plant only operated at 20 percent of its capacity last year according to Reuters. Unsurprisingly, the news angered the South Korean government and workers at the plant. “The government expresses deep regret over GM’s one-sided decision to suspend and shut down” the plant, the finance ministry said in a statement. The ministry said it wants to conduct an audit of GM's operations help with the restructuring plan. As for workers at Gunsan plant, workers staged a protest yesterday, declaring the move a “death sentence”, and threatening a strike. “Let’s protect our right to live on our own,” said Kim Jae-hong, the leader of the workers’ union at the Gunsan branch. A GM Korea spokesman said the company "would continue discussions with the union and seek their understanding over the closure plan." Workers though aren't fully buying this. “We can’t accept this. The company informed us about the closure plan, not asking for our opinion. It was already the end of the discussions,” Dang Sung-geun, a senior official at the union of GM Korea told Reuters. “This is like a death sentence notice before the Lunar New Year holidays.” Source: Automotive News (Subscription Required), Bloomberg, Reuters (2) View full article
  9. The Cadillac XT4 is an important model for the brand as it will give them a competitor in the lucrative compact luxury crossover class. It might also give one of GM's assembly plants some much needed good news. Bloomberg has learned from sources that General Motors has started producing test versions of the Cadillac XT4 at their Fairfax Assembly plant in Kansas City. This possibly hints that production of the XT4 could take place here. A GM spokesman declined to comment when asked about this. The Fairfax plant has been hit hard by the decline in sales for midsize sedans. Home to the Chevrolet Malibu, the plant has seen the third shift cut last year as Malibu sales dropped 18 percent. Source: Bloomberg View full article
  10. The Cadillac XT4 is an important model for the brand as it will give them a competitor in the lucrative compact luxury crossover class. It might also give one of GM's assembly plants some much needed good news. Bloomberg has learned from sources that General Motors has started producing test versions of the Cadillac XT4 at their Fairfax Assembly plant in Kansas City. This possibly hints that production of the XT4 could take place here. A GM spokesman declined to comment when asked about this. The Fairfax plant has been hit hard by the decline in sales for midsize sedans. Home to the Chevrolet Malibu, the plant has seen the third shift cut last year as Malibu sales dropped 18 percent. Source: Bloomberg
  11. When the 2019 Chevrolet Silverado and GMC Sierra begin rolling off the assembly line sometime later this year, there will be a larger number of crew cabs. GM's vice president of global product development, Mark Reuss tells Automotive News that the company has been "constrained' when it comes to the output of their crew cab pickups, a segment that has seen its popularity increase in recent years. Reuss said the company is planning to increase capacity for crew cabs with their next-generation pickups. A Chevrolet spokesman said that crew cabs have grown from more than 50 percent of GM's truck sales in 2013 to more than 60 percent. Source: Automotive News (Subscription Required) View full article
  12. When the 2019 Chevrolet Silverado and GMC Sierra begin rolling off the assembly line sometime later this year, there will be a larger number of crew cabs. GM's vice president of global product development, Mark Reuss tells Automotive News that the company has been "constrained' when it comes to the output of their crew cab pickups, a segment that has seen its popularity increase in recent years. Reuss said the company is planning to increase capacity for crew cabs with their next-generation pickups. A Chevrolet spokesman said that crew cabs have grown from more than 50 percent of GM's truck sales in 2013 to more than 60 percent. Source: Automotive News (Subscription Required)
  13. GM says to make profit on all EVs in 3yrs time! According to CEO Mary Barra, GM will make a profit on all EVs sold by GM globally by 2021. This is due to what she says will be a 45% increase in battery density with generation 2 battery to come in the Bolt and a modular global platform that will support Pure EV, Hydrogen and petrol Plug in extended range auto's. She went on to also say that GM will have battery costs down from the current $145 per Kilowatt-hour to less than $100 by 2021. Interesting statement by automotive experts according to the story this is based on is that GM has the largest battery and EV group in the world only rivaled by Toyota and Daimler who are both on a surge of hiring to get to the top of EV R&D. GM has been issued 661 US Patents on Battery Tech from 2010-2015 only surpassed by Toyota with 762 patents in the same time frame. Interesting statement in the story is: In addition to the battery work, GM engineers are developing a new dedicated "plug and play" structure for its next-generation electric vehicles that is flexible and modular, meaning it will be able to accommodate battery systems of different sizes, as well as hydrogen fuel cells, one of the sources said. In an interview, Mark Reuss, head of global product development, said GM's strategy to reduce battery cost is not tied to a single improvement such as a change in battery chemistry, but rather a series of continuous enhancements in battery technology and packaging. "There are no silver bullets here," Reuss said. GM also has not solved all the problems required to achieve its goal, he said. "It's called 'product development' for a reason," he said. The most recent developments and enhancements in battery technology have not been made public, according to GM's Fletcher. "There's a lot of stuff that we choose not to patent because we don't want to make it visible" before the new technology goes into production, Fletcher told Reuters. GM EV Profit Strategy Story
  14. William Maley

    GM Could Make a Full-Scale Return to Europe

    Despite General Motors mostly leaving the European market with the sale of Opel and Vauxhall to PSA Group earlier this year, the automaker isn't ruling out a full-scale return. During a recent meeting of the Automotive Press Association in Detroit, GM CEO Mary Barra said the company would "absolutely" consider a return to the European market, adding that "nothing keeps us from going back." But it will be some time before GM decides to go back. According to Barra, the company would need to build out a lineup of "transformative products" like electric or self-driving vehicles to make it worthwhile. General Motors does have a small presence in Europe with Cadillacs being sold by 45 dealers - most of them in Germany and Switzerland. The Chevrolet Camaro and Corvette are also sold in small numbers. Source: Motor1
  15. Despite General Motors mostly leaving the European market with the sale of Opel and Vauxhall to PSA Group earlier this year, the automaker isn't ruling out a full-scale return. During a recent meeting of the Automotive Press Association in Detroit, GM CEO Mary Barra said the company would "absolutely" consider a return to the European market, adding that "nothing keeps us from going back." But it will be some time before GM decides to go back. According to Barra, the company would need to build out a lineup of "transformative products" like electric or self-driving vehicles to make it worthwhile. General Motors does have a small presence in Europe with Cadillacs being sold by 45 dealers - most of them in Germany and Switzerland. The Chevrolet Camaro and Corvette are also sold in small numbers. Source: Motor1 View full article
  16. General Motors has announced plans of moving towards an electrified and self-driving future. But in the foreseeable future, the company's core business model of selling vehicles to drivers will not be going away. “The owner-driver model will be there for a very long time. So far we see (mobility) as additive, but we see it as having potential to grow and be quite substantial,” said GM CEO Mary Barra during a meeting of the Automotive Press Association. Most of GM's and other automaker's profits come from crossovers, pickup trucks, and SUVs. But GM is planning for a possible future where the automotive landscape is very different. Back in October, the automaker announced an ambitious plan of launching 20 electric and hydrogen vehicles by 2023 - two of those will launch within the next 18 months. The company is also planning to launch a driverless ride-sharing service in 2019. Source: The Detroit News View full article
  17. General Motors has announced plans of moving towards an electrified and self-driving future. But in the foreseeable future, the company's core business model of selling vehicles to drivers will not be going away. “The owner-driver model will be there for a very long time. So far we see (mobility) as additive, but we see it as having potential to grow and be quite substantial,” said GM CEO Mary Barra during a meeting of the Automotive Press Association. Most of GM's and other automaker's profits come from crossovers, pickup trucks, and SUVs. But GM is planning for a possible future where the automotive landscape is very different. Back in October, the automaker announced an ambitious plan of launching 20 electric and hydrogen vehicles by 2023 - two of those will launch within the next 18 months. The company is also planning to launch a driverless ride-sharing service in 2019. Source: The Detroit News
  18. General Motors had a field day when Ford switched from metal to aluminum for their truck beds. The company ran a series of ads showing how their metal beds could stand up to the rigors of a pickup truck's life compared to the Ford's. So it seems slightly ironic that GM is planning to use a lightweight material for their next-generation truck beds. The Wall Street Journal and Automotive News have learned from sources that GM is planning to use carbon fiber in their full-size pickup beds. According to one source, carbon fiber will be part of a mix of different materials, including aluminum. The move makes sense as stricter fuel economy regulations come into effect. Finding ways to cut down on weight is a good way to boost fuel economy. There is a big issue with carbon fiber, price. The material is very expensive to produce due to the long, labor-intensive process. The Journal reports that at first, the beds would be used on the premium versions of the trucks (High Country and Denali). It would trickle down to lower trims as "more efficient production processes" come online. The new beds are expected to debut within the next two years. Source: Automotive News (Subscription Required), Wall Street Journal (Subscription Required) View full article
  19. General Motors had a field day when Ford switched from metal to aluminum for their truck beds. The company ran a series of ads showing how their metal beds could stand up to the rigors of a pickup truck's life compared to the Ford's. So it seems slightly ironic that GM is planning to use a lightweight material for their next-generation truck beds. The Wall Street Journal and Automotive News have learned from sources that GM is planning to use carbon fiber in their full-size pickup beds. According to one source, carbon fiber will be part of a mix of different materials, including aluminum. The move makes sense as stricter fuel economy regulations come into effect. Finding ways to cut down on weight is a good way to boost fuel economy. There is a big issue with carbon fiber, price. The material is very expensive to produce due to the long, labor-intensive process. The Journal reports that at first, the beds would be used on the premium versions of the trucks (High Country and Denali). It would trickle down to lower trims as "more efficient production processes" come online. The new beds are expected to debut within the next two years. Source: Automotive News (Subscription Required), Wall Street Journal (Subscription Required)
  20. PSA Group is demanding a refund from General Motors of between $711 million and $948 million stemming from the purchase of Opel by PSA. PSA is claiming that GM misrepresented Opel's emissions reduction strategy during the due diligence negotiations. EU Emissions regulations for 2021 set a target reduction of 130 g/km to 95 g/km. Regulators can fine manufacturers $113 per vehicle per gram over the limit. Any vehicle at the 130 g/km limit today would see fines of $3,955 per car sold. PSA claims that GM's plan for reaching that target relied on unrealistically high sales of the Opel Ampera-E, the European model of the US built Chevrolet Bolt EV, and extra rosy forecasts of diesel sales. Opel loses $11,850 per Ampera-E sold. PSA has already cut sales of the Ampera-E in Norway and raised its price at least $6,700 for the rest of Europe. Adding to the trouble are falling diesel sales in Europe as consumers move to less efficient gasoline engines. Even during the sale negotiations, PSA was was aware that GM was forecasting Opel to miss the 95 g/km target by 3.7 grams. Take the Ampera-E forecast of 20,000 vehicles out out of the picture and that number jumps to 6 g/km. Adjusting for falling diesel sales and Opel will miss its target by 10 grams. Such a large miss could result in fines approaching the entire purchase price of Opel ($1.54 billion). PSA is now speeding into production electric or plug-in hybrid variants of Opel's mainstay cars, with the entire lineup being converted to PSA platform architecture by 2024. PSA must now go through GM lawyers and arbitration to determine if they will get any refund from GM. View full article
  21. PSA Group is demanding a refund from General Motors of between $711 million and $948 million stemming from the purchase of Opel by PSA. PSA is claiming that GM misrepresented Opel's emissions reduction strategy during the due diligence negotiations. EU Emissions regulations for 2021 set a target reduction of 130 g/km to 95 g/km. Regulators can fine manufacturers $113 per vehicle per gram over the limit. Any vehicle at the 130 g/km limit today would see fines of $3,955 per car sold. PSA claims that GM's plan for reaching that target relied on unrealistically high sales of the Opel Ampera-E, the European model of the US built Chevrolet Bolt EV, and extra rosy forecasts of diesel sales. Opel loses $11,850 per Ampera-E sold. PSA has already cut sales of the Ampera-E in Norway and raised its price at least $6,700 for the rest of Europe. Adding to the trouble are falling diesel sales in Europe as consumers move to less efficient gasoline engines. Even during the sale negotiations, PSA was was aware that GM was forecasting Opel to miss the 95 g/km target by 3.7 grams. Take the Ampera-E forecast of 20,000 vehicles out out of the picture and that number jumps to 6 g/km. Adjusting for falling diesel sales and Opel will miss its target by 10 grams. Such a large miss could result in fines approaching the entire purchase price of Opel ($1.54 billion). PSA is now speeding into production electric or plug-in hybrid variants of Opel's mainstay cars, with the entire lineup being converted to PSA platform architecture by 2024. PSA must now go through GM lawyers and arbitration to determine if they will get any refund from GM.
  22. General Motors CEO Mary Barra spoke yesterday at the Barclays Global Automotive Conference in New York. During her talk, Barra said the company expects to make a profit off electric vehicles once they launch their next-generation EV platform. “We are working to provide desirable, obtainable and profitable vehicles that deliver a range of over 300 miles. There’s a lot of really creative things we’re doing to achieve that profitability point for that new platform,” Barra said to investors. The next-generation modular platform, due in 2021 will play a pivotal role in GM's plan to launch 20 all-new electric and hydrogen fuel cell vehicles by 2023. The platform will help drop the total per-unit cost by 30 percent or more. It will be used across a number of GM brands and various segments. GM is also working on a new battery system that will cut the per-kilowatt-hour from $145 to under $100 by 2021. Before these two launches, GM will be introducing four new EV and hydrogen vehicles. Two of those will be launch by April 2019 according to a GM spokesman. At least two vehicles will be small crossovers according to Automotive News. It is expected the electric models will use the underpinnings of the Chevrolet Bolt. The company has a set a goal of a million electric vehicles by 2026 - with most happening in China due to their strict production quotas for EVs. Source: Automotive News (Subscription Required), Reuters View full article
  23. General Motors CEO Mary Barra spoke yesterday at the Barclays Global Automotive Conference in New York. During her talk, Barra said the company expects to make a profit off electric vehicles once they launch their next-generation EV platform. “We are working to provide desirable, obtainable and profitable vehicles that deliver a range of over 300 miles. There’s a lot of really creative things we’re doing to achieve that profitability point for that new platform,” Barra said to investors. The next-generation modular platform, due in 2021 will play a pivotal role in GM's plan to launch 20 all-new electric and hydrogen fuel cell vehicles by 2023. The platform will help drop the total per-unit cost by 30 percent or more. It will be used across a number of GM brands and various segments. GM is also working on a new battery system that will cut the per-kilowatt-hour from $145 to under $100 by 2021. Before these two launches, GM will be introducing four new EV and hydrogen vehicles. Two of those will be launch by April 2019 according to a GM spokesman. At least two vehicles will be small crossovers according to Automotive News. It is expected the electric models will use the underpinnings of the Chevrolet Bolt. The company has a set a goal of a million electric vehicles by 2026 - with most happening in China due to their strict production quotas for EVs. Source: Automotive News (Subscription Required), Reuters
  24. The news isn't getting any better at General Motors' CAMI plant where workers have been on strike for a month after the automaker and Canadian union Unifor were unable to reach an agreement. Already, the strike has caused GM to make adjustments and idle some of their plants in North America, and there are concerns about the shrinking stock of Chevrolet Equinoxes. But now the stakes have been raised. According to Reuters and Automotive News, General Motors issued a warning to leaders at Unifor that it will start winding down production of the Equinox at CAMI unless the strike is called off. Unifor leader Jerry Dias was told by GM officials that the automaker would begin ramping up Equinox production at the San Luis Potosi and Ramos Arizpe, Mexico plants if the strike was not called off. "GM just told us today that they are going to ramp up production in Mexico. They have declared war on Canada," Diaz told Reuters. GM had no immediate comment on Dias' statement when reached by Reuters. According to a source at GM, the discussions between them and Unifor have been going nowhere and there is "a high degree of frustration." Because of this, GM is planning to study how quickly key suppliers for the Equinox could move their operations down to Mexico. No final decision on CAMI's fate has been decided according to the source, but the time frame for getting a deal done is narrowing. Mexico has been the dividing point between GM and Unifor. The union objected to GM's decision to lay off 600 workers at CAMI when it moved production of the GMC Terrain to Mexico. Unifor wants CAMI to be the lead plant for Equinox production by "giving it more production if Equinox sales rise and making it the last to scale back production if sales fall." But GM has invested $800 million into the plant for retooling to build the new Equinox. The automaker believes this should be enough commitment and putting it into writing isn't necessary. According to the source, there is no such language in any of the other union contracts. The strike has gotten so bad that the Government of Ontario has stepped in, urging both groups to resolve this rift. “I feel like we’re engaged in a poker game, but the interests of Ontario are sitting on the table right now,” said Brad Duguid, Ontario's Economic Development Minister. “It’s an uncomfortable place to be, obviously, and we’d really like to urge the parties to find a resolution to this as quickly as possible before permanent damage is done.” Source: Automotive News (Subscription Required), Reuters View full article
  25. The news isn't getting any better at General Motors' CAMI plant where workers have been on strike for a month after the automaker and Canadian union Unifor were unable to reach an agreement. Already, the strike has caused GM to make adjustments and idle some of their plants in North America, and there are concerns about the shrinking stock of Chevrolet Equinoxes. But now the stakes have been raised. According to Reuters and Automotive News, General Motors issued a warning to leaders at Unifor that it will start winding down production of the Equinox at CAMI unless the strike is called off. Unifor leader Jerry Dias was told by GM officials that the automaker would begin ramping up Equinox production at the San Luis Potosi and Ramos Arizpe, Mexico plants if the strike was not called off. "GM just told us today that they are going to ramp up production in Mexico. They have declared war on Canada," Diaz told Reuters. GM had no immediate comment on Dias' statement when reached by Reuters. According to a source at GM, the discussions between them and Unifor have been going nowhere and there is "a high degree of frustration." Because of this, GM is planning to study how quickly key suppliers for the Equinox could move their operations down to Mexico. No final decision on CAMI's fate has been decided according to the source, but the time frame for getting a deal done is narrowing. Mexico has been the dividing point between GM and Unifor. The union objected to GM's decision to lay off 600 workers at CAMI when it moved production of the GMC Terrain to Mexico. Unifor wants CAMI to be the lead plant for Equinox production by "giving it more production if Equinox sales rise and making it the last to scale back production if sales fall." But GM has invested $800 million into the plant for retooling to build the new Equinox. The automaker believes this should be enough commitment and putting it into writing isn't necessary. According to the source, there is no such language in any of the other union contracts. The strike has gotten so bad that the Government of Ontario has stepped in, urging both groups to resolve this rift. “I feel like we’re engaged in a poker game, but the interests of Ontario are sitting on the table right now,” said Brad Duguid, Ontario's Economic Development Minister. “It’s an uncomfortable place to be, obviously, and we’d really like to urge the parties to find a resolution to this as quickly as possible before permanent damage is done.” Source: Automotive News (Subscription Required), Reuters

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