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Found 460 results

  1. Back in early May, we reported that electric truck maker Workhorse was in talks with General Motors to buy the shuttered Lordstown Assembly plant that formerly built the Chevrolet Cruze. The plan seemed founded more on hopes and dreams rather than actual financial reality. Workhorse's only model, the W-15 is a truck with an 80 mile range and a built in range extender, has not exactly been climbing the sales charts. In fact, the company booked only $6,000 in sales in the 2nd quarter of 2019, roughly $70 per day. Following that report, the company's stock plunged 35%. Deliveries of the truck are currently on hold and will resume in the 4th quarter this year. There is currently a $70 Million backlog of orders to fill. Hopes of a solution for Lordstown coming from Workhorse are dim, but there is one thing that could save the deal: a $6.3 Billion contract from the US Postal Service to build the next generation of mail trucks, though Tom Colton, a spokesman for Workhorse said that the Lordstown deal isn't contingent on the contract from the USPS. Under the proposed Lordstown deal, a new company would be formed called Lordstown Motors Corp. which would license the Workhorse technology to produce vehicles based on the W-15 model. Workhorse itself would own a minority stake in the company. The UAW is still in talks with General Motors to reopen the plant and assign new product to it. View full article
  2. Back in early May, we reported that electric truck maker Workhorse was in talks with General Motors to buy the shuttered Lordstown Assembly plant that formerly built the Chevrolet Cruze. The plan seemed founded more on hopes and dreams rather than actual financial reality. Workhorse's only model, the W-15 is a truck with an 80 mile range and a built in range extender, has not exactly been climbing the sales charts. In fact, the company booked only $6,000 in sales in the 2nd quarter of 2019, roughly $70 per day. Following that report, the company's stock plunged 35%. Deliveries of the truck are currently on hold and will resume in the 4th quarter this year. There is currently a $70 Million backlog of orders to fill. Hopes of a solution for Lordstown coming from Workhorse are dim, but there is one thing that could save the deal: a $6.3 Billion contract from the US Postal Service to build the next generation of mail trucks, though Tom Colton, a spokesman for Workhorse said that the Lordstown deal isn't contingent on the contract from the USPS. Under the proposed Lordstown deal, a new company would be formed called Lordstown Motors Corp. which would license the Workhorse technology to produce vehicles based on the W-15 model. Workhorse itself would own a minority stake in the company. The UAW is still in talks with General Motors to reopen the plant and assign new product to it.
  3. DETROIT — General Motors Co. (NYSE: GM) delivered 746,659 vehicles in the United States in the second quarter of 2019. Crossover sales set a new second quarter record after sales grew year over year by 17 percent. Sales of the Chevrolet Silverado 1500 crew cab and GMC Sierra 1500 crew cab were both up 12 percent year over year. The Chevrolet Equinox and Traverse and GMC Canyon all delivered record second quarter sales. Sales of every Buick crossover were up year over year, with the Envision posting a 28 percent sales increase. The Enclave was up 21 percent and the Encore was up 5 percent. Buick deliveries were up 5 percent and GMC deliveries were up 10 percent. The all-new Cadillac XT4 continues to lead its segment and the all-new Cadillac XT6 has begun shipping to dealers. Cadillac crossover deliveries were up 19 percent in total year over year, helping the brand grow both total and retail sales. The Chevrolet Suburban, Tahoe and GMC Yukon XL were each up more than 20 percent compared to a year ago. Overall, GM deliveries during the second quarter were down 1.5 percent versus a year ago, in line with third-party estimates for industry sales. The company estimates that its retail market share was even with a year ago, with truck and crossover deliveries offsetting lower passenger car sales. QUARTER 2 (CALENDAR YEAR-TO-DATE) JANUARY - JUNE 2019 2018 %Change Volume 2019 2018 %Change Volume Cascada 1,312 1,374 -4.5 2,058 2,292 -10.2 Enclave 15,159 12,551 20.8 27,739 22,420 23.7 Encore 24,291 23,167 4.9 48,897 48,635 0.5 Envision 9,138 7,118 28.4 16,761 16,814 -0.3 LaCrosse 2,487 4,053 -38.6 5,389 11,119 -51.5 Regal 2,985 4,507 -33.8 6,393 8,215 -22.2 Buick Total 55,373 52,891 4.7 107,240 109,695 -2.2 ATS 371 3,785 -90.2 893 7,747 -88.5 CT6 1,862 2,427 -23.3 4,050 4,894 -17.2 CTS 2,443 2,640 -7.5 4,871 5,082 -4.2 Escalade 9,432 9,655 -2.3 16,251 17,766 -8.5 XT4 7,080 0 ***.* 14,106 0 ***.* XT5 13,118 17,045 -23.0 26,396 31,890 -17.2 XT6 74 0 ***.* 74 0 ***.* XTS 5,359 3,665 46.2 9,093 8,563 6.2 Cadillac Total 39,739 39,222 1.3 75,734 75,949 -0.3 Blazer 11,772 0 ***.* 14,795 0 ***.* Bolt EV 3,965 3,483 13.8 8,281 7,858 5.4 Camaro 12,433 13,588 -8.5 24,516 25,380 -3.4 Colorado 31,669 41,016 -22.8 65,163 69,875 -6.7 Corvette 5,788 5,785 0.1 9,731 10,242 -5.0 Cruze 16,166 37,836 -57.3 39,477 77,691 -49.2 Equinox 85,657 73,967 15.8 174,157 156,365 11.4 Express 21,528 21,413 0.5 38,743 41,187 -5.9 Impala 12,536 13,595 -7.8 25,795 27,662 -6.7 LCF 1,305 756 72.6 1,864 1,286 44.9 Malibu 30,974 42,267 -26.7 65,171 76,417 -14.7 Silverado HD 31,496 37,452 -15.9 61,037 76,471 -20.2 Silverado LD 109,930 118,077 -6.9 194,426 214,603 -9.4 Silverado MD 1,038 0 ***.* 1,314 0 ***.* Sonic 4,024 4,582 -12.2 8,484 10,565 -19.7 Spark 7,226 4,454 62.2 13,649 11,399 19.7 Suburban 18,266 15,136 20.7 29,295 29,861 -1.9 Tahoe 32,942 26,880 22.6 53,795 50,523 6.5 Traverse 38,152 35,892 6.3 72,375 74,090 -2.3 Trax 21,790 26,507 -17.8 46,370 46,989 -1.3 Volt 1,146 4,336 -73.6 3,666 7,814 -53.1 Chevrolet Total 499,847 528,100 -5.3 952,248 1,019,019 -6.6 Acadia 28,420 20,108 41.3 59,620 50,008 19.2 Canyon 11,909 9,635 23.6 18,863 16,848 12.0 Savana 9,503 7,167 32.6 16,069 11,964 34.3 Sierra HD 13,946 14,364 -2.9 23,188 27,022 -14.2 Sierra LD 42,911 45,042 -4.7 74,215 73,852 0.5 Terrain 24,988 22,327 11.9 50,352 55,291 -8.9 Yukon 20,023 19,520 2.6 34,970 34,522 1.3 GMC Total 151,700 138,163 9.8 277,277 269,507 2.9 GM Vehicle Total 746,659 758,376 -1.5 1,412,499 1,474,170 -4.2
  4. General Motors and Bechtel are teaming up to form a new company to deploy a widespread fast-charging network. Neither company plans to put any money into the project, outside investors are being solicited. The network will help General Motors, which plans to introduce 20 new EVs by 2023. It will also help other manufacturers of EVs. General Motors will provide data to help decide where to locate the EV charging stations and Bechtel will use its own experts for the engineering and building of the stations. Much of the data will come from GM's OnStar system to help learn where people tend to park. Data from both electric and gasoline powered vehicles will be used. Additional fast-charging infrastructure is seen as a requirement to increasing electric vehicle sales. According to a survey by AAA, one of the biggest concerns Americans have about EVs is having enough locations to charge them. The network built by Bechtel and GM will not be limited to interstate highways where most fast charging stations have been located so far. The company will also locate chargers in urban areas targeting apartments and condos where drivers cannot have a home charger of their own. The new venture joins major initiatives from Electrify America, a Volkswagen funded EV station program, and Tesla with Supercharging, to build out a nationwide network of charging stations. View full article
  5. General Motors and Bechtel are teaming up to form a new company to deploy a widespread fast-charging network. Neither company plans to put any money into the project, outside investors are being solicited. The network will help General Motors, which plans to introduce 20 new EVs by 2023. It will also help other manufacturers of EVs. General Motors will provide data to help decide where to locate the EV charging stations and Bechtel will use its own experts for the engineering and building of the stations. Much of the data will come from GM's OnStar system to help learn where people tend to park. Data from both electric and gasoline powered vehicles will be used. Additional fast-charging infrastructure is seen as a requirement to increasing electric vehicle sales. According to a survey by AAA, one of the biggest concerns Americans have about EVs is having enough locations to charge them. The network built by Bechtel and GM will not be limited to interstate highways where most fast charging stations have been located so far. The company will also locate chargers in urban areas targeting apartments and condos where drivers cannot have a home charger of their own. The new venture joins major initiatives from Electrify America, a Volkswagen funded EV station program, and Tesla with Supercharging, to build out a nationwide network of charging stations.
  6. Maven, General Motors' car-sharing service launched in 2016 will be ceasing operation in several cities in the U.S. The news was first broken by the Wall Street Journal on Monday and has been confirmed by a GM spokeswoman. Eight out of the seventeen markets that the service operates including Boston and Chicago will be closed down within the next few months. According to the spokeswoman, the shutdown is due to GM wanting to "concentrate on markets in which we have the strongest current demand and growth potential." Those markets in question include Detroit, Los Angeles, and Toronto. Another possible reason is the lack of awareness of Maven in the eight markets being shut down. There isn't enough demand for people wanting to use car-sharing or wanting to allow the use of their vehicles. Source: Wall Street Journal (Subscription Required), Automotive News (Subscription Required) View full article
  7. Among General Motor's restructuring and cost slashing activities of 2018, GM was apparently in talks to sell their headquarters in Detroit. GM bought the Renaissance Center in 1996 for $70 million and has made substantial renovations over the years. The RenCen, as it is also known, was originally built by Ford in 1971 who later sold it in the 1980s. The potential buyer was billionaire Dan Gilbert. Talks fell through rather early because the aging structure requires expensive upgrades to its heating and air conditioning systems along with other renovations. There does not appear to be another buyer in talks with GM at this time. News of the potential sale follow a year of cost cutting measures by the company that include closing five North American plants and cutting up to 14,000 jobs. The company hopes to have $6 Billion in annual savings by 2020. View full article
  8. Maven, General Motors' car-sharing service launched in 2016 will be ceasing operation in several cities in the U.S. The news was first broken by the Wall Street Journal on Monday and has been confirmed by a GM spokeswoman. Eight out of the seventeen markets that the service operates including Boston and Chicago will be closed down within the next few months. According to the spokeswoman, the shutdown is due to GM wanting to "concentrate on markets in which we have the strongest current demand and growth potential." Those markets in question include Detroit, Los Angeles, and Toronto. Another possible reason is the lack of awareness of Maven in the eight markets being shut down. There isn't enough demand for people wanting to use car-sharing or wanting to allow the use of their vehicles. Source: Wall Street Journal (Subscription Required), Automotive News (Subscription Required)
  9. Among General Motor's restructuring and cost slashing activities of 2018, GM was apparently in talks to sell their headquarters in Detroit. GM bought the Renaissance Center in 1996 for $70 million and has made substantial renovations over the years. The RenCen, as it is also known, was originally built by Ford in 1971 who later sold it in the 1980s. The potential buyer was billionaire Dan Gilbert. Talks fell through rather early because the aging structure requires expensive upgrades to its heating and air conditioning systems along with other renovations. There does not appear to be another buyer in talks with GM at this time. News of the potential sale follow a year of cost cutting measures by the company that include closing five North American plants and cutting up to 14,000 jobs. The company hopes to have $6 Billion in annual savings by 2020.
  10. The Society of Automotive Engineers has announced today that they are joining with Ford, General Motors, and Toyota to form the Automatic Vehicle Safety Consortium (AVSC), a group that will work together to test the deployment and development of Level 4 and Level 5 automated vehicles. The AVSC will provide a safety framework for the advancement of the technology in a safe and responsible manner. The group will use the expertise of its current members to establish a set of guiding principles for safety. GM, Ford, and Toyota already have autonomous vehicle development well underway. GM is producing driverless Chevrolet Bolt EVs as part of a development and testing program via its GM Cruise unit. View full article
  11. The Society of Automotive Engineers has announced today that they are joining with Ford, General Motors, and Toyota to form the Automatic Vehicle Safety Consortium (AVSC), a group that will work together to test the deployment and development of Level 4 and Level 5 automated vehicles. The AVSC will provide a safety framework for the advancement of the technology in a safe and responsible manner. The group will use the expertise of its current members to establish a set of guiding principles for safety. GM, Ford, and Toyota already have autonomous vehicle development well underway. GM is producing driverless Chevrolet Bolt EVs as part of a development and testing program via its GM Cruise unit.
  12. The First of GM’s All-New Pickups Posts a 20 Percent Q1 Gain Industry retail sales, consumer sentiment rebounding GM average transaction prices set new first-quarter company record Chevrolet Trax, Equinox and Colorado set first-quarter company sales records DETROIT — General Motors (NYSE: GM) announced today that it delivered 665,840 vehicles in the first quarter of 2019, with a selling mix of trucks, SUVs and crossovers above 80 percent. GM’s focus on these vibrant segments helped it earn the highest average transaction prices for any first quarter in the company’s history. The Chevrolet Trax, Equinox and Colorado all set GM first-quarter sales records and the GMC Acadia posted its best quarter ever. The all-new Cadillac XT4 was the best-selling vehicle in its segment and the Buick Enclave was up 28 percent versus a year ago. The all-new full-size pickups from Chevrolet and GMC are also off to a very strong start. “Our production launch was very smooth and crew cab sales are brisk, especially those with premium trims,” said Kurt McNeil, U.S. vice president, Sales Operations. “We look forward to improving availability of our wide-range of cabs, trim series and powertrains.” First-quarter 2019 average transaction prices for GM's all-new, light-duty pickups were $8,040 higher compared to their outgoing models in the first quarter of 2018, with the GMC Sierra leading the segment, according to J.D. Power PIN estimates. Combined sales of the 2019 Chevrolet Silverado 1500 and GMC Sierra 1500 crew cabs — the first of the company’s all-new full-size pickups to launch — were up 20 percent year over year. Crew-cab production mix is currently running above 70 percent to meet strong customer demand, up 10 percentage points on average from the previous-generation trucks. More than 95 percent of the all-new GMC Sierra 1500 crew cab sales are high-end trims including SLT, AT4 and Denali. Availability of all-new regular-cab and double-cab pickups was very limited during the quarter due to launch timing, but full production of all cab styles started in March and they currently are arriving in dealer showrooms. GM will begin the next phase of its full-size pickup truck launch in the second half of the year with the all-new 2020 Chevrolet Silverado HD and GMC Sierra HD. “We are bullish on pickups and expect to gain sales momentum throughout the year,” said McNeil. “We are installing capacity in Flint to build more HD pickups in total, more crew cab models, more dualies and diesel models, too, all in response to dealer and customer demand.” Other new models launching this year include the XT6, Cadillac’s first three-row crossover, and the CT5, Cadillac’s new luxury-sport sedan. The all-new Chevrolet Blazer is also gaining momentum, and the brand will begin national advertising for the vehicle during the second quarter as production ramps up. Solid U.S. Economy, Strong GM Operating Discipline GM sales in the first quarter of 2019 were down 7 percent year over year compared to a very strong first quarter of 2018. “After a slow start to the year, the retail SAAR has risen each month since January,” said Elaine Buckberg, GM chief economist. “Consumer sentiment continued to recover in March and the other key drivers of auto sales like employment, wage growth and household balance sheets are healthy. The Fed paused in raising interest rates, which eases a headwind facing auto sales. Overall, the U.S. economy is in solid shape, which bodes well for the industry outlook.” GM’s Commercial deliveries, which are another barometer of economic strength, grew at an average annual rate of more than 7 percent from 2012 to 2017 and were up 11 percent year over year in 2018. Commercial deliveries were close to flat to a very strong first quarter a year ago, even with limited availability of regular light- and heavy-duty pickups, and heavy-duty crew-cab pickups. GM has demonstrated continued strong operating discipline and is very well positioned heading into the second quarter: The company’s incentive spending as a percentage of average transaction price was 13 percent, down close to a full percentage point year over year, according to J.D Power PIN. GM’s per-unit incentive spending was down $175 year over year, as domestic competitors increased their spending in the quarter, according to J.D. Power PIN. Average transaction prices rose $938 to a first-quarter record of $35,881, according to J.D. Power PIN. Inventory is a healthy 818,967 units heading into the second quarter, which tends to be a strong quarter for industry sales. QUARTER 1 (CALENDAR YEAR-TO-DATE) JANUARY - MARCH 2019 2018 %Change Volume 2019 2018 %Change Volume Cascada 746 918 -18.7 746 918 -18.7 Enclave 12,580 9,869 27.5 12,580 9,869 27.5 Encore 24,606 25,468 -3.4 24,606 25,468 -3.4 Envision 7,623 9,696 -21.4 7,623 9,696 -21.4 LaCrosse 2,902 7,066 -58.9 2,902 7,066 -58.9 Regal 3,408 3,708 -8.1 3,408 3,708 -8.1 Buick Total 51,867 56,804 -8.7 51,867 56,804 -8.7 ATS 522 3,962 -86.8 522 3,962 -86.8 CT6 2,188 2,467 -11.3 2,188 2,467 -11.3 CTS 2,428 2,442 -0.6 2,428 2,442 -0.6 Escalade 6,819 8,111 -15.9 6,819 8,111 -15.9 XT4 7,026 0 ***.* 7,026 0 ***.* XT5 13,278 14,845 -10.6 13,278 14,845 -10.6 XTS 3,734 4,898 -23.8 3,734 4,898 -23.8 Cadillac Total 35,995 36,727 -2.0 35,995 36,727 -2.0 Blazer 3,023 0 ***.* 3,023 0 ***.* Bolt EV 4,316 4,375 -1.3 4,316 4,375 -1.3 Camaro 12,083 11,792 2.5 12,083 11,792 2.5 Colorado 33,494 28,859 16.1 33,494 28,859 16.1 Corvette 3,943 4,457 -11.5 3,943 4,457 -11.5 Cruze 23,311 39,855 -41.5 23,311 39,855 -41.5 Equinox 88,500 82,398 7.4 88,500 82,398 7.4 Express 17,215 19,774 -12.9 17,215 19,774 -12.9 Impala 13,259 14,067 -5.7 13,259 14,067 -5.7 LCF 559 530 5.5 559 530 5.5 Malibu 34,197 34,150 0.1 34,197 34,150 0.1 Silverado 114,313 135,545 -15.7 114,313 135,545 -15.7 Sonic 4,460 5,983 -25.5 4,460 5,983 -25.5 Spark 6,423 6,945 -7.5 6,423 6,945 -7.5 Suburban 11,029 14,725 -25.1 11,029 14,725 -25.1 Tahoe 20,853 23,643 -11.8 20,853 23,643 -11.8 Traverse 34,223 38,198 -10.4 34,223 38,198 -10.4 Trax 24,580 20,482 20.0 24,580 20,482 20.0 Volt 2,520 3,478 -27.5 2,520 3,478 -27.5 Chevrolet Total 452,401 490,919 -7.8 452,401 490,919 -7.8 Acadia 31,200 29,900 4.3 31,200 29,900 4.3 Canyon 6,954 7,213 -3.6 6,954 7,213 -3.6 Savana 6,566 4,797 36.9 6,566 4,797 36.9 Sierra 40,546 41,468 -2.2 40,546 41,468 -2.2 Terrain 25,364 32,964 -23.1 25,364 32,964 -23.1 Yukon 14,947 15,002 -0.4 14,947 15,002 -0.4 GMC Total 125,577 131,344 -4.4 125,577 131,344 -4.4 GM Vehicle Total* 665,840 715,794 -7.0 665,840 715,794 -7.0 76 selling days for the QUARTER 1 this year and 77 for same QUARTER last year.
  13. Since the launch of the XT4 with the rather anemic (if more refined) LSY engine, many (including myself) had questioned why GM does not offer the Tripower 310 bhp / 348 lb-ft (L3B) 2.7T 4-cylinder in the XT4 (at least) as an option. To a lesser extent some have also questioned why the LSY is putting out a mere 237bhp / 258 lb-ft whereas the outgoing LTG engine is good for 265~272 bhp / 295 lb-ft. Is it just so that it can have 258 lb-ft arrive @ 1,500 rpm? Now, we have the answer... It's the 9-speed Automatics. Adopting the 9-speed automatics is deemed a priority for refinement and fuel economy. The new GM-Ford 9TXX transmissions, jointly developed with Ford promises better fuel economy and better shift quality. There are currently two versions of this transmission:- 9T50 -- 258 lb-ft 9T65 -- 280 lb-ft The need to pack 9-speeds into a very slim transmission case meant that they have to use an ovoid cross section torque converter, a tension chain coupling and abandon the high torque capability of the previous generation top dog 6T80 (369 lb-ft) transmissions used in the 410 hp / 368 lb-ft 3.6L Twin-Turbo (LF3) powered Cadillac XTS. The lack of torque capability is also in part why Ford abandoned the use of the GM-Ford 9TXX transmissions, choosing instead to develop an 8-speed evolution of the decade old 6T80 for use in their high torque applications like the Ford Edge ST (2.7L Ecoboost V6 with 335 hp / 380 lb-ft). Ford also asserts that the new 9-speed autos did not yield any fuel economy improvement when tested with their engines and the refinement improvements alone did not justify the costs and weight increases. View full article
  14. Since the launch of the XT4 with the rather anemic (if more refined) LSY engine, many (including myself) had questioned why GM does not offer the Tripower 310 bhp / 348 lb-ft (L3B) 2.7T 4-cylinder in the XT4 (at least) as an option. To a lesser extent some have also questioned why the LSY is putting out a mere 237bhp / 258 lb-ft whereas the outgoing LTG engine is good for 265~272 bhp / 295 lb-ft. Is it just so that it can have 258 lb-ft arrive @ 1,500 rpm? Now, we have the answer... It's the 9-speed Automatics. Adopting the 9-speed automatics is deemed a priority for refinement and fuel economy. The new GM-Ford 9TXX transmissions, jointly developed with Ford promises better fuel economy and better shift quality. There are currently two versions of this transmission:- 9T50 -- 258 lb-ft 9T65 -- 280 lb-ft The need to pack 9-speeds into a very slim transmission case meant that they have to use an ovoid cross section torque converter, a tension chain coupling and abandon the high torque capability of the previous generation top dog 6T80 (369 lb-ft) transmissions used in the 410 hp / 368 lb-ft 3.6L Twin-Turbo (LF3) powered Cadillac XTS. The lack of torque capability is also in part why Ford abandoned the use of the GM-Ford 9TXX transmissions, choosing instead to develop an 8-speed evolution of the decade old 6T80 for use in their high torque applications like the Ford Edge ST (2.7L Ecoboost V6 with 335 hp / 380 lb-ft). Ford also asserts that the new 9-speed autos did not yield any fuel economy improvement when tested with their engines and the refinement improvements alone did not justify the costs and weight increases.
  15. Since the launch of the XT4 with the rather anemic (if more refined) LSY engine, many (including myself) had questioned why GM does not offer the Tripower 310 bhp / 348 lb-ft (L3B) 2.7T 4-cylinder in the XT4 (at least) as an option. To a lesser extent some have also questioned why the LSY is putting out a mere 237bhp / 258 lb-ft whereas the outgoing LTG engine is good for 265~272 bhp / 295 lb-ft. Is it just so that it can have 258 lb-ft arrive @ 1,500 rpm? Now, we have the answer... It's the 9-speed Automatics. Adopting the 9-speed automatics is deemed a priority for refinement and fuel economy. The new GM-Ford 9TXX transmissions, jointly developed with Ford promises better fuel economy and better shift quality. There are currently two versions of this transmission:- 9T50 -- 258 lb-ft 9T65 -- 280 lb-ft The need to pack 9-speeds into a very slim transmission case meant that they have to use an ovoid cross section torque converter, a tension chain coupling and abandon the high torque capability of the previous generation top dog 6T80 (369 lb-ft) transmissions used in the 410 hp / 368 lb-ft 3.6L Twin-Turbo (LF3) powered Cadillac XTS. The lack of torque capability is also in part why Ford abandoned the use of the GM-Ford 9TXX transmissions, choosing instead to develop an 8-speed evolution of the decade old 6T80 for use in their high torque applications like the Ford Edge ST (2.7L Ecoboost V6 with 335 hp / 380 lb-ft). Ford also asserts that the new 9-speed autos did not yield any fuel economy improvement when tested with their engines and the refinement improvements alone did not justify the costs and weight increases. This post has been promoted to an article This post has been promoted to an article View full article
  16. Since the launch of the XT4 with the rather anemic (if more refined) LSY engine, many (including myself) had questioned why GM does not offer the Tripower 310 bhp / 348 lb-ft (L3B) 2.7T 4-cylinder in the XT4 (at least) as an option. To a lesser extent some have also questioned why the LSY is putting out a mere 237bhp / 258 lb-ft whereas the outgoing LTG engine is good for 265~272 bhp / 295 lb-ft. Is it just so that it can have 258 lb-ft arrive @ 1,500 rpm? Now, we have the answer... It's the 9-speed Automatics. Adopting the 9-speed automatics is deemed a priority for refinement and fuel economy. The new GM-Ford 9TXX transmissions, jointly developed with Ford promises better fuel economy and better shift quality. There are currently two versions of this transmission:- 9T50 -- 258 lb-ft 9T65 -- 280 lb-ft The need to pack 9-speeds into a very slim transmission case meant that they have to use an ovoid cross section torque converter, a tension chain coupling and abandon the high torque capability of the previous generation top dog 6T80 (369 lb-ft) transmissions used in the 410 hp / 368 lb-ft 3.6L Twin-Turbo (LF3) powered Cadillac XTS. The lack of torque capability is also in part why Ford abandoned the use of the GM-Ford 9TXX transmissions, choosing instead to develop an 8-speed evolution of the decade old 6T80 for use in their high torque applications like the Ford Edge ST (2.7L Ecoboost V6 with 335 hp / 380 lb-ft). Ford also asserts that the new 9-speed autos did not yield any fuel economy improvement when tested with their engines and the refinement improvements alone did not justify the costs and weight increases. This post has been promoted to an article View full article
  17. Since the launch of the XT4 with the rather anemic (if more refined) LSY engine, many (including myself) had questioned why GM does not offer the Tripower 310 bhp / 348 lb-ft (L3B) 2.7T 4-cylinder in the XT4 (at least) as an option. To a lesser extent some have also questioned why the LSY is putting out a mere 237bhp / 258 lb-ft whereas the outgoing LTG engine is good for 265~272 bhp / 295 lb-ft. Is it just so that it can have 258 lb-ft arrive @ 1,500 rpm? Now, we have the answer... It's the 9-speed Automatics. Adopting the 9-speed automatics is deemed a priority for refinement and fuel economy. The new GM-Ford 9TXX transmissions, jointly developed with Ford promises better fuel economy and better shift quality. There are currently two versions of this transmission:- 9T50 -- 258 lb-ft 9T65 -- 280 lb-ft The need to pack 9-speeds into a very slim transmission case meant that they have to use an ovoid cross section torque converter, a tension chain coupling and abandon the high torque capability of the previous generation top dog 6T80 (369 lb-ft) transmissions used in the 410 hp / 368 lb-ft 3.6L Twin-Turbo (LF3) powered Cadillac XTS. The lack of torque capability is also in part why Ford abandoned the use of the GM-Ford 9TXX transmissions, choosing instead to develop an 8-speed evolution of the decade old 6T80 for use in their high torque applications like the Ford Edge ST (2.7L Ecoboost V6 with 335 hp / 380 lb-ft). Ford also asserts that the new 9-speed autos did not yield any fuel economy improvement when tested with their engines and the refinement improvements alone did not justify the costs and weight increases. View full article
  18. GM Announced this morning that the company will be investing $300 million and adding 400 jobs at its Orion Township, Michigan assembly plant. The investment will go towards facilities to produce a new electric vehicle for the Chevrolet brand. The new vehicle will be the second such vehicle, after the Cadillac EV Crossover, to be built on GM's new BEV3 platform, an advance version of the same platform that underpins the Chevrolet Bolt EV. The Orion plant currently builds the Chevrolet Sonic, Chevrolet Bolt EV, and the Cruise AV test vehicles. There are about 880 hourly and 130 salary employees working there. Along with the investment announcement for Orion, GM is announcing another $1.8 billion in U.S. manufacturing. This comes on the heels of the closure of the Lordstown assembly plant in Eastern Ohio. The plant was the subject of a series of tweets by the President in an attempt to get GM to either sell the plant or quickly reopen it. GM has said that it has 2,700 job openings available for the 2,800 employees that have been displaced by the recent idling of 5 of its facilities.
  19. GM Announced this morning that the company will be investing $300 million and adding 400 jobs at its Orion Township, Michigan assembly plant. The investment will go towards facilities to produce a new electric vehicle for the Chevrolet brand. The new vehicle will be the second such vehicle, after the Cadillac EV Crossover, to be built on GM's new BEV3 platform, an advance version of the same platform that underpins the Chevrolet Bolt EV. The Orion plant currently builds the Chevrolet Sonic, Chevrolet Bolt EV, and the Cruise AV test vehicles. There are about 880 hourly and 130 salary employees working there. Along with the investment announcement for Orion, GM is announcing another $1.8 billion in U.S. manufacturing. This comes on the heels of the closure of the Lordstown assembly plant in Eastern Ohio. The plant was the subject of a series of tweets by the President in an attempt to get GM to either sell the plant or quickly reopen it. GM has said that it has 2,700 job openings available for the 2,800 employees that have been displaced by the recent idling of 5 of its facilities. View full article
  20. After announcing the closure of 5 plants back in November, General Motors ended production of the Chevrolet Cruze at the Lordstown Ohio assembly plant last week. Now, Ohio Governor Mike DeWine has said that in his discussions with General Motors, that the company has plans to make an announcement in about 4 to 6 weeks. DeWine said that it is his understanding that GM is looking to sell the plant, but that he doesn't know who GM is talking to. While he reiterated his uncertainty, he said The governor stated he or his office is in contact with GM at least twice a week. View full article
  21. After announcing the closure of 5 plants back in November, General Motors ended production of the Chevrolet Cruze at the Lordstown Ohio assembly plant last week. Now, Ohio Governor Mike DeWine has said that in his discussions with General Motors, that the company has plans to make an announcement in about 4 to 6 weeks. DeWine said that it is his understanding that GM is looking to sell the plant, but that he doesn't know who GM is talking to. While he reiterated his uncertainty, he said The governor stated he or his office is in contact with GM at least twice a week.
  22. It hasn't been an easy go for Holden for almost the last decade. Sales have been declining for the past eight years and buyers haven't been wowed by either the new Commodore or their growing lineup of crossovers. This has reportedly brought the vultures out. The Australian Financial Review reported yesterday that Inchcape, one of the largest independent vehicle importers has started discussions with General Motors about possibly taking over the importation of Holden vehicles. According to sources, the talks are going very slowly and there are "extreme sensitivities on both sides of the negotiating table." The talks will not include the transfer of Holden's engineering and design offices, along with the Lang Lang Proving Grounds. Inchcape has also hired one of the largest accounting firms to perform due diligence and looking into various scenarios. The likely reason Inchcape is looking into this possibility is due to GM's restructuring plans. Already, the company has pulled out certain markets and is planning to possibly shut down various plants in the U.S. Inchcape handles the import and retail duties for a number of automakers such as Subaru, Toyota, Volkswagen, and more in 32 countries. In Australia, Inchcape handles Citroen, Peugeot, and Subaru. "Under the leadership of [GM Holden CEO] Dave Buttner, who was appointed in August last year, we are turning around the Holden business, growing sales, re-engaging and re-energizing our distribution network and launching exciting vehicles like the all-new Acadia. We are fully focused on supporting Dave in building a strong Holden for the future, as it remains an important part of GM's business," a spokesman for GM told the outlet. When reached by CarsGuide for a comment, a spokesperson for Inchcape said, "We are always assessing a range of opportunities and initiatives in support of our Ignite strategy and we do not comment on speculation." Source: Australian Financial Review (Subscription Required), CarAdvice, CarsGuide
  23. It hasn't been an easy go for Holden for almost the last decade. Sales have been declining for the past eight years and buyers haven't been wowed by either the new Commodore or their growing lineup of crossovers. This has reportedly brought the vultures out. The Australian Financial Review reported yesterday that Inchcape, one of the largest independent vehicle importers has started discussions with General Motors about possibly taking over the importation of Holden vehicles. According to sources, the talks are going very slowly and there are "extreme sensitivities on both sides of the negotiating table." The talks will not include the transfer of Holden's engineering and design offices, along with the Lang Lang Proving Grounds. Inchcape has also hired one of the largest accounting firms to perform due diligence and looking into various scenarios. The likely reason Inchcape is looking into this possibility is due to GM's restructuring plans. Already, the company has pulled out certain markets and is planning to possibly shut down various plants in the U.S. Inchcape handles the import and retail duties for a number of automakers such as Subaru, Toyota, Volkswagen, and more in 32 countries. In Australia, Inchcape handles Citroen, Peugeot, and Subaru. "Under the leadership of [GM Holden CEO] Dave Buttner, who was appointed in August last year, we are turning around the Holden business, growing sales, re-engaging and re-energizing our distribution network and launching exciting vehicles like the all-new Acadia. We are fully focused on supporting Dave in building a strong Holden for the future, as it remains an important part of GM's business," a spokesman for GM told the outlet. When reached by CarsGuide for a comment, a spokesperson for Inchcape said, "We are always assessing a range of opportunities and initiatives in support of our Ignite strategy and we do not comment on speculation." Source: Australian Financial Review (Subscription Required), CarAdvice, CarsGuide View full article
  24. Today is not a pleasant day if you're a white collar employee at General Motors. Last Friday, reports came out that GM would begin significant layoffs on their white-collar workforce. Back in November, GM announced that it would be slashing 8,000 white-collar workers as part of plans to reduce costs. Already, 2,250 workers have agreed to voluntary buyouts. This leaves 5,750 workers waiting to be cut. But a GM spokesman Pat Morrissey said the number of people being laid off will be roughly around 4,000 people. Morrissey also confirmed that the layoffs will take around two weeks to complete. "This will be implemented staff-by-staff and location-by-location over the next couple of weeks. We’re not going to get into which departments and when and where it’s happening. Some staffs have already implemented this over the last few weeks, but there’s more of it this week and next week," said Morrissey to the Detroit Free Press. Various unnamed GM employees have told the Free Press they have been told about the cuts either by leadership or through email. One unnamed employee said the cuts were to begin at 9:30 A.M. and continue till 6:30 P.M. The severance package being offered to workers will depend on how long they worked at GM. According to Automotive News, those who have worked at the company for 12 or more years will get a similar package to those who took the voluntary buyouts late last year - executives got a full- year of pay, while non-executives got six months. Health care benefits would be continued as part of the package. Source: Automotive News (Subscription Required), Detroit Free Press View full article
  25. Today is not a pleasant day if you're a white collar employee at General Motors. Last Friday, reports came out that GM would begin significant layoffs on their white-collar workforce. Back in November, GM announced that it would be slashing 8,000 white-collar workers as part of plans to reduce costs. Already, 2,250 workers have agreed to voluntary buyouts. This leaves 5,750 workers waiting to be cut. But a GM spokesman Pat Morrissey said the number of people being laid off will be roughly around 4,000 people. Morrissey also confirmed that the layoffs will take around two weeks to complete. "This will be implemented staff-by-staff and location-by-location over the next couple of weeks. We’re not going to get into which departments and when and where it’s happening. Some staffs have already implemented this over the last few weeks, but there’s more of it this week and next week," said Morrissey to the Detroit Free Press. Various unnamed GM employees have told the Free Press they have been told about the cuts either by leadership or through email. One unnamed employee said the cuts were to begin at 9:30 A.M. and continue till 6:30 P.M. The severance package being offered to workers will depend on how long they worked at GM. According to Automotive News, those who have worked at the company for 12 or more years will get a similar package to those who took the voluntary buyouts late last year - executives got a full- year of pay, while non-executives got six months. Health care benefits would be continued as part of the package. Source: Automotive News (Subscription Required), Detroit Free Press

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