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Found 4 results

  1. There is a growing number of automakers who are announcing plans to electrify their lineup, while others are considering it. GMC is the latter category according to a new report from CNBC. “Certainly, it’s something we’re considering," said Duncan Aldred, vice president of GMC when asked if there was the possibility of an electric Sierra. Aldred wouldn't say much more than that except mentioning that General Motors CEO Mary Barra has already made comments about "an all-electric future." It wouldn't be surprising if an all-electric Sierra sparks an all-electric Chevrolet Silverado since they are basically the same truck, allowing GM to take advantage of economies of scale and spreading the cost of development. But the cost of batteries is still a big drawback. Researchers at Boston Consulting Group say each individual battery cell generally cost $150 to $200. Aldred said that battery tech is still expensive "that makes it difficult to target mainstream segments, unless a carmaker like GM is willing to accept lower margins." But that's where GMC could take the lead as it is currently positioned as something more premium than its Silverado brethren, with such features as the Multi-Pro tailgate. Ford has already announced plans for an F-150 EV, and there is start-up automaker Rivian with the R1T that is expected to go into production in late 2020. Source: CNBC
  2. There is a growing number of automakers who are announcing plans to electrify their lineup, while others are considering it. GMC is the latter category according to a new report from CNBC. “Certainly, it’s something we’re considering," said Duncan Aldred, vice president of GMC when asked if there was the possibility of an electric Sierra. Aldred wouldn't say much more than that except mentioning that General Motors CEO Mary Barra has already made comments about "an all-electric future." It wouldn't be surprising if an all-electric Sierra sparks an all-electric Chevrolet Silverado since they are basically the same truck, allowing GM to take advantage of economies of scale and spreading the cost of development. But the cost of batteries is still a big drawback. Researchers at Boston Consulting Group say each individual battery cell generally cost $150 to $200. Aldred said that battery tech is still expensive "that makes it difficult to target mainstream segments, unless a carmaker like GM is willing to accept lower margins." But that's where GMC could take the lead as it is currently positioned as something more premium than its Silverado brethren, with such features as the Multi-Pro tailgate. Ford has already announced plans for an F-150 EV, and there is start-up automaker Rivian with the R1T that is expected to go into production in late 2020. Source: CNBC View full article
  3. Ford has a new midsize crossover, but it will only be sold in China. Meet the Territory which will slot in between the EcoSport and Kuga (Escape to us). The model was developed with its joint-venture partner, Jiangling Motors Corp. The exterior looks very similar to the EcoSport subcompact crossover, albeit with a more aggressive bumper and smaller grille. Where the Territory stands out is the interior. The design is quite simple with Mustang-inspired toggle controls and stitching on various trim pieces. Power will come from either a regular gas engine, hybrid, or plug-in hybrid powertrain. Optional features include an infotainment system with Mandarin voice-command and Ford’s Co-Pilot360 suite of active driver assists. The Territory has a tough job as it will play a key part in Ford's plan to stem losses in sales. In the first half of 2018, the company reported sales in China had dropped 25 percent. This resulted in a $483 million loss in the second quarter (before taxes). Ford blamed an aging lineup as the reason to the sales decline. To solve this Ford is planning 50 new or redesigned vehicles that will launch in China beginning now and running through 2025 - beginning with the redesigned Focus and new Territory. The Territory goes on sale early next year. Source: Automotive News (Subscription Required), Roadshow
  4. Ford has a new midsize crossover, but it will only be sold in China. Meet the Territory which will slot in between the EcoSport and Kuga (Escape to us). The model was developed with its joint-venture partner, Jiangling Motors Corp. The exterior looks very similar to the EcoSport subcompact crossover, albeit with a more aggressive bumper and smaller grille. Where the Territory stands out is the interior. The design is quite simple with Mustang-inspired toggle controls and stitching on various trim pieces. Power will come from either a regular gas engine, hybrid, or plug-in hybrid powertrain. Optional features include an infotainment system with Mandarin voice-command and Ford’s Co-Pilot360 suite of active driver assists. The Territory has a tough job as it will play a key part in Ford's plan to stem losses in sales. In the first half of 2018, the company reported sales in China had dropped 25 percent. This resulted in a $483 million loss in the second quarter (before taxes). Ford blamed an aging lineup as the reason to the sales decline. To solve this Ford is planning 50 new or redesigned vehicles that will launch in China beginning now and running through 2025 - beginning with the redesigned Focus and new Territory. The Territory goes on sale early next year. Source: Automotive News (Subscription Required), Roadshow View full article

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