Jump to content

Search the Community

Showing results for tags 'gm'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • News and Views
    • Staff Reviews
    • Reader Reviews
    • Auto Show Coverage
    • Sales Figure Ticker
    • Editorials
    • Competitions
    • Industry News
    • Motorsports
  • Brand Discussion
    • Aston Martin
    • BMW Group
    • Daimler AG
    • Fiat-Chrysler Automobiles
    • Karma
    • Ferrari
    • Ford Motor Company
    • General Motors
    • Honda Motor Company
    • Hyundai Motor Group
    • Jaguar-Land Rover
    • Lotus
    • Mazda
    • McLaren Automotive
    • Nissan-Renault Alliance
    • SAAB / NEVS
    • Subaru
    • Suzuki
    • Tesla
    • Toyota Motor Corporation
    • Chinese Automakers
    • Volkswagen Automotive Group
    • Volvo
    • The British
    • The Italians
    • The French
  • Heritage Marques
    • Pontiac
    • HUMMER
    • Saturn
    • Oldsmobile
    • Mercury
  • Forum Information
    • New Member Check-In
    • Site News & Updates
    • Forum Feedback
    • Newsletters
  • Social Central
    • The Lounge
    • Motorcycles
    • Member Design Showcase
    • Member's Rides Showcase
    • Member Marketplace
    • Auctions and Classifieds
    • Merchandise Lookout
    • Sponsor Forum
    • Electronics & Technology
    • Rated R
  • Tech Corner
    • Tech Section
    • Product Questions and Reviews
    • Project Car Chronicles
    • Recalls and TSBs
    • Alternative Fuels & Propulsion
    • Powertrain
  • Design Studio
  • Cadillac Appreciation Club's Cadillac Discussion
  • European Car Lovers's Topics

Categories

  • Auto Shows
    • Detroit Auto Show
    • Consumer Electronics Show (CES)
    • Chicago Auto Show
    • New York Auto Show
    • Geneva Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Paris Motor Show
    • Frankfurt International Motor Show
    • Los Angeles Auto Show
    • SEMA
    • Tokyo Motor Show
  • Opinion
  • News
    • Acura
    • Alfa Romeo
    • Alternative Fuels
    • Aston Martin
    • Audi
    • Automotive Industry
    • Bentley
    • BMW
    • Buick
    • Cadillac
    • Chevrolet
    • Chrysler
    • Dodge
    • Ducati
    • Ferrari
    • Fiat
    • Ford
    • Genesis
    • GM News
    • GMC
    • Holden
    • Honda
    • Hyundai
    • Infiniti
    • Jaguar
    • Jeep
    • Karma
    • Kia
    • Lamborghini
    • Land Rover
    • Lexus
    • Lincoln
    • Maserati
    • Mazda
    • McLaren
    • Mercedes Benz
    • MINI
    • Mitsubishi
    • Nissan
    • Opel/Vauxhall
    • Porsche
    • Ram Trucks
    • Rolls-Royce
    • Saab / NEVS
    • Sales Figures
    • Scion
    • SMART
    • Subaru
    • Tesla
    • Toyota
    • Volkswagen
    • Volvo
  • Reviews
  • Deal Alert

Categories

  • Tires and Wheel Specials
  • Automotive Maintenance Specials

Blogs

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


GooglePlus


Skype


Location


Interests

Found 291 results

  1. "Yesterday, General Motors met with representatives with Canadian union Unifor - the second in less in two weeks. Talks centered around Oshawa with Unifor pleading to reconsider plans of phasing out products at the plant to keep 3,000 jobs. But those talks went nowhere as GM is moving forward with their restructuring plans. "Unfortunately, all Unifor’s proposals would involve substantial incremental costs and a further deterioration of GM’s competitive position. Having completed an analysis of Unifor’s proposals, GM has determined that it cannot pursue them because they would not combat the declining economic and market factors that must be addressed," wrote GM's vice president of manufacturing and labor relations Gerald Johnson and president of GM Canada Travis Hester to Unifor president Jerry Dias in a letter. Unifor had proposed a number of ideas to GM keep Oshawa open including "continuing production of older trucks while the company looks for a longer-term option," according to The Detroit News. GM said no to the various ideas, but will support "retraining opportunities for Oshawa employees and working with businesses in the region to help facilitate relocation when the plant phases out production." Dias wasn't too happy with the result of talks, saying at a press conference yesterday that GM leaders "in my opinion haven’t reached deep enough or far enough to find a solution. We are not accepting the closure of our Oshawa facilities under any circumstance." Workers at Oshawa's afternoon shift staged a sit-down protest yesterday starting around 5:00 P.M. and lasting till 9:45 when GM decided to send them home. Photos and videos posted to Unifor Canada show workers sitting at their stations and buzzers sounding off. Automotive News reports that a second sit-down protest took place this morning for 90 minutes at 8:00 A.M. “We understand our union’s frustration but need to now work together to deliver support, transition and training for our employees for new opportunities over the coming year,” GM Canada spokeswoman Jennifer Wright. It is unclear if the protests will continue or how much production was lost. What is certain is that Unifor will hold a mass rally in Windsor on Friday. Source: Automotive News (Subscription Required), The Detroit News View full article
  2. Aside from announcing fourth-quarter sales numbers, General Motors had another big announcement today. GM's Product chief Mark Reuss will succeed Dan Ammann as the company's president. The appointment is effective immediately according to the company. “I am very proud to have spent my entire career at General Motors, and to now take on this new role is truly a great honor. With our current lineup of outstanding cars, trucks, and crossovers around the world, I’m looking forward to keeping our momentum going at full speed,” said Reuss in a statement. In November, GM announced Ammann would step down as GM President to take charge of GM's Cruise Automation unit. Reuss will still be overseeing GM's Global Product Group and Cadillac, but will also add the responsibility for GM's quality organization. He will also be tasked with building out a product development team that will focus on autonomous and electrified vehicles. Source: General Motors Mark Reuss Named General Motors President DETROIT — General Motors (NYSE: GM) today announced the appointment of Mark Reuss as company president, effective immediately. Reuss currently leads the Global Product Group and Cadillac and will now assume responsibility for the Quality organization. “Mark’s global operational experience, deep product knowledge and strong leadership will serve us well as we continue to strengthen our current business, take advantage of growth opportunities and further define the future of personal mobility,” said GM Chairman and CEO Mary Barra. “Mark has played a critical role in leading the development of the company’s award-winning vehicles while transitioning his team to prepare for growing electrification and autonomous technologies.” According to Reuss, “I am very proud to have spent my entire career at General Motors, and to now take on this new role is truly a great honor. With our current lineup of outstanding cars, trucks and crossovers around the world, I’m looking forward to keeping our momentum going at full speed.” Reuss added responsibilities for Cadillac and global portfolio planning in June 2018. Since then, he has been building an integrated product development and Cadillac organization to support an accelerated product and technology launch cadence and the brand’s global growth plans. Cadillac will be introducing a new vehicle every six months through 2021. Reuss has also been leading the transformation of the company’s global product development workforce and processes to drive world-class levels of engineering in advanced technologies and improve quality and speed to market. He is doubling the resources allocated to electric and autonomous vehicle programs in the next two years. View full article
  3. "Yesterday, General Motors met with representatives with Canadian union Unifor - the second in less in two weeks. Talks centered around Oshawa with Unifor pleading to reconsider plans of phasing out products at the plant to keep 3,000 jobs. But those talks went nowhere as GM is moving forward with their restructuring plans. "Unfortunately, all Unifor’s proposals would involve substantial incremental costs and a further deterioration of GM’s competitive position. Having completed an analysis of Unifor’s proposals, GM has determined that it cannot pursue them because they would not combat the declining economic and market factors that must be addressed," wrote GM's vice president of manufacturing and labor relations Gerald Johnson and president of GM Canada Travis Hester to Unifor president Jerry Dias in a letter. Unifor had proposed a number of ideas to GM keep Oshawa open including "continuing production of older trucks while the company looks for a longer-term option," according to The Detroit News. GM said no to the various ideas, but will support "retraining opportunities for Oshawa employees and working with businesses in the region to help facilitate relocation when the plant phases out production." Dias wasn't too happy with the result of talks, saying at a press conference yesterday that GM leaders "in my opinion haven’t reached deep enough or far enough to find a solution. We are not accepting the closure of our Oshawa facilities under any circumstance." Workers at Oshawa's afternoon shift staged a sit-down protest yesterday starting around 5:00 P.M. and lasting till 9:45 when GM decided to send them home. Photos and videos posted to Unifor Canada show workers sitting at their stations and buzzers sounding off. Automotive News reports that a second sit-down protest took place this morning for 90 minutes at 8:00 A.M. “We understand our union’s frustration but need to now work together to deliver support, transition and training for our employees for new opportunities over the coming year,” GM Canada spokeswoman Jennifer Wright. It is unclear if the protests will continue or how much production was lost. What is certain is that Unifor will hold a mass rally in Windsor on Friday. Source: Automotive News (Subscription Required), The Detroit News
  4. We've known for some time that both Tesla and General Motors would soon be reaching the 200,000 sales mark for electrics, meaning that $7,500 tax credit would begin phasing out. Yesterday, we reported Tesla cut prices on their 2019 model year vehicles to soften the blow. But what about GM? A source told Reuters that GM hit the 200,000 model milestone during the fourth quarter of last year - most likely happening in December. This begins the 15-month phase-out which will see the credit drop to $3,750 in April, $1,875 in October, and then disappear next April. GM declined to comment about this, but we're likely to find out later this morning as the company will be announcing fourth-quarter sales. Source: Reuters View full article
  5. William Maley

    Mark Reuss Takes On Role of President of GM

    Aside from announcing fourth-quarter sales numbers, General Motors had another big announcement today. GM's Product chief Mark Reuss will succeed Dan Ammann as the company's president. The appointment is effective immediately according to the company. “I am very proud to have spent my entire career at General Motors, and to now take on this new role is truly a great honor. With our current lineup of outstanding cars, trucks, and crossovers around the world, I’m looking forward to keeping our momentum going at full speed,” said Reuss in a statement. In November, GM announced Ammann would step down as GM President to take charge of GM's Cruise Automation unit. Reuss will still be overseeing GM's Global Product Group and Cadillac, but will also add the responsibility for GM's quality organization. He will also be tasked with building out a product development team that will focus on autonomous and electrified vehicles. Source: General Motors Mark Reuss Named General Motors President DETROIT — General Motors (NYSE: GM) today announced the appointment of Mark Reuss as company president, effective immediately. Reuss currently leads the Global Product Group and Cadillac and will now assume responsibility for the Quality organization. “Mark’s global operational experience, deep product knowledge and strong leadership will serve us well as we continue to strengthen our current business, take advantage of growth opportunities and further define the future of personal mobility,” said GM Chairman and CEO Mary Barra. “Mark has played a critical role in leading the development of the company’s award-winning vehicles while transitioning his team to prepare for growing electrification and autonomous technologies.” According to Reuss, “I am very proud to have spent my entire career at General Motors, and to now take on this new role is truly a great honor. With our current lineup of outstanding cars, trucks and crossovers around the world, I’m looking forward to keeping our momentum going at full speed.” Reuss added responsibilities for Cadillac and global portfolio planning in June 2018. Since then, he has been building an integrated product development and Cadillac organization to support an accelerated product and technology launch cadence and the brand’s global growth plans. Cadillac will be introducing a new vehicle every six months through 2021. Reuss has also been leading the transformation of the company’s global product development workforce and processes to drive world-class levels of engineering in advanced technologies and improve quality and speed to market. He is doubling the resources allocated to electric and autonomous vehicle programs in the next two years.
  6. We've known for some time that both Tesla and General Motors would soon be reaching the 200,000 sales mark for electrics, meaning that $7,500 tax credit would begin phasing out. Yesterday, we reported Tesla cut prices on their 2019 model year vehicles to soften the blow. But what about GM? A source told Reuters that GM hit the 200,000 model milestone during the fourth quarter of last year - most likely happening in December. This begins the 15-month phase-out which will see the credit drop to $3,750 in April, $1,875 in October, and then disappear next April. GM declined to comment about this, but we're likely to find out later this morning as the company will be announcing fourth-quarter sales. Source: Reuters
  7. General Motors got a rude awakening if they picked up a copy of the Detroit Free Press or Detroit News. Right on the front page is a large ad by Canadian union Unifor accusing GM executives of having the lack of support toward Canadian and U.S. plant workers after announcing certain products would be "unallocated" and bringing up the possible worry of plant closures. One ad says, "U.S. and Canadian workers made GM," that follows with the question, "Why should our jobs and our products go to Mexico? Keep our plants open." Automotive News notes that the ads weren't in any Candian papers. The most likely reason for that is that Unifor officials would be meeting with GM today at the Renaissance Center. “GM needs to know that we are not accepting their announcement. It is crystal clear to myself and the leadership of the union that GM is leaving Canada. The newspaper ads are to let them know we are dead serious,” said Unifor president Jerry Dias. Dias said the ads are to show GM that it will have “a real problem” selling new vehicles to consumers on either side of the border starting next year. “GM has betrayed consumers in Canada and the United States. People are finally saying to GM, ‘You have gone too far.’ This is going on on both sides of the border,” he said. GM in an emailed statement to Automotive News said, "The GM restructuring decisions are extremely difficult for all of us in Oshawa, but we believe the best approach is to work together to support our employees including support for local training and transition initiatives in the Durham Region. We remain strongly committed to Canada and will continue to engage in dialogue with Unifor." GM also confirmed the meeting with Unifor but declined to provide any details about it. Kristin Dziczek, vice president of Industry, Labor & Economics at the Center for Automotive Research said Unifor faces an uphill battle with GM as their negotiations don't till 2020, a year after the UAW does theirs. "The UAW is going to go after any new product allocations for their two plants that are set to close and others that are underutilized," she said. "If there's product to be got, the UAW is going to go after it first." Dziczek also notes that Unifor's ads have "somewhat have a point" regarding GM's plants in Mexico, which are more utilized than many plants in Canada and the U.S. "They have to look like they're fighting like mad, and there are lots of ways of doing that. This is one way." We have a picture of the ad from the Detroit Free Press below if you're interested in what it looks like. Source: Automotive News (Subscription Required) View full article
  8. William Maley

    Unifor Drops Some Print Ads on GM's Doorstep

    General Motors got a rude awakening if they picked up a copy of the Detroit Free Press or Detroit News. Right on the front page is a large ad by Canadian union Unifor accusing GM executives of having the lack of support toward Canadian and U.S. plant workers after announcing certain products would be "unallocated" and bringing up the possible worry of plant closures. One ad says, "U.S. and Canadian workers made GM," that follows with the question, "Why should our jobs and our products go to Mexico? Keep our plants open." Automotive News notes that the ads weren't in any Candian papers. The most likely reason for that is that Unifor officials would be meeting with GM today at the Renaissance Center. “GM needs to know that we are not accepting their announcement. It is crystal clear to myself and the leadership of the union that GM is leaving Canada. The newspaper ads are to let them know we are dead serious,” said Unifor president Jerry Dias. Dias said the ads are to show GM that it will have “a real problem” selling new vehicles to consumers on either side of the border starting next year. “GM has betrayed consumers in Canada and the United States. People are finally saying to GM, ‘You have gone too far.’ This is going on on both sides of the border,” he said. GM in an emailed statement to Automotive News said, "The GM restructuring decisions are extremely difficult for all of us in Oshawa, but we believe the best approach is to work together to support our employees including support for local training and transition initiatives in the Durham Region. We remain strongly committed to Canada and will continue to engage in dialogue with Unifor." GM also confirmed the meeting with Unifor but declined to provide any details about it. Kristin Dziczek, vice president of Industry, Labor & Economics at the Center for Automotive Research said Unifor faces an uphill battle with GM as their negotiations don't till 2020, a year after the UAW does theirs. "The UAW is going to go after any new product allocations for their two plants that are set to close and others that are underutilized," she said. "If there's product to be got, the UAW is going to go after it first." Dziczek also notes that Unifor's ads have "somewhat have a point" regarding GM's plants in Mexico, which are more utilized than many plants in Canada and the U.S. "They have to look like they're fighting like mad, and there are lots of ways of doing that. This is one way." We have a picture of the ad from the Detroit Free Press below if you're interested in what it looks like. Source: Automotive News (Subscription Required)
  9. General Motors' upcoming restructuring plan where more than 10,000 jobs will be cut and five factories losing products has caused many politicians to become very upset. Yesterday, CEO Mary Barra traveled to Capitol Hill to try an mitigate the social damage by this announcement. Those expecting Barra to backpedal or balk under pressure from various lawmakers on moving production of certain vehicles out of Mexico to plants in the U.S. would come away disappointed. “I want to make sure that the workforce knows that there are limitations and we do have an overcapacity across the country. I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” Barra told reporters in a press conference after meeting Senators Sherrod Brown (Democrat) and Rob Portman (Republican) of Ohio. The two senators have been critical about the plan and pushed Barra in their meeting to get a new product in Lordstown, whether that be one of the 20 new EVs GM is planning or move production of the Chevrolet Blazer from Mexico. “GM says it expects to build 20 new EVs in next five years. We want one or more of those vehicles to be built in Lordstown, Ohio. That’s where it belongs,” said Portman. Barra said during the meeting she'll "keep an open mind but she doesn't want to raise expectations." Speaking to Reuters, Barra said it would “very costly” to shift production from Mexico of the Chevrolet Blazer that will begin shortly. But she did mention "GM planned to add other products at U.S. plants next year." Whether that includes Lordstown or not remains to be seen as negotiations with the UAW kick off next year. President Donald Trump has been very critical of this plan, saying he could eliminate federal subsidies on electric cars - something that would hurt other automakers more than GM as it's close to 200,000 mark where the $7,500 subsidy begins to fade. When asked about this, Barra gave an indirect answer. “I understand this is something that impacts the country and I understand that there is a lot of emotion and concern about it,” said Barra. She continued by saying GM wanted to “do the right thing for our employees but also make sure General Motors is strong and lean in the future.” Source: Automotive News (Subscription Required), Detroit Free Press, Reuters GM Statement: Chairman and CEO Mary Barra on meetings with members of Congress from Ohio and Maryland “I had very constructive meetings with members of Congress from Ohio and Maryland. I share their concerns about the impact the actions we announced last week will have on our employees, their families and the communities. These were very difficult decisions -- decisions I take very personally. I informed the members that many hourly employees at the impacted U.S. plants will have the opportunity to work at other U.S. GM plants and that we are committed to working with them to minimize the impact on the communities. I also informed them that all salaried GM workers impacted by these actions are being offered outplacement services to help them transition to new jobs.” View full article
  10. William Maley

    Ms. Barra Goes to Washington

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

    Who Wore it Better?

    Well, pretty simple, who wore it better?
  24. Honda and GM have partnered up to develop the next generation of high density extreme fast charging battery packs. Honda and GM have already partnered on Hydrogen cell and motor technology development. Now they sign a multiyear agreement to develop batteries for the next generation of auto's. To quote the news release: "General Motors Co. (NYSE: GM) and Honda (NYSE: HMC) announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. The next-generation battery will deliver higher energy density, smaller packaging and faster charging capabilities for both companies’ future products, mainly for the North American market." http://www.gm.com/mol/m-2018-jun-0607-gm-honda-battery-cell.html
  25. Since the launch of Super Cruise on the 2018 Cadillac CT6, General Motors executives said the technology would expand to other brands. But they didn't give a timeframe as to when. Today at the Intelligent Transportation Society of America conference in Detroit, GM product chief Mark Reuss said Super Cruise would begin rolling out to Buick, Chevrolet, and GMC models after 2020. This will follow Cadillac's expansion of the technology to other models beginning in 2020. Super Cruise is "a feature that customers routinely come into dealerships asking about, shopping for, and specifically ordering," said Reuss in a speech. "Making it available in every Cadillac on the showroom floor just makes sense." GM also announced plans to introduce vehicle-to-everything (V2X) communications in a high-volume Cadillac crossover by 2023. This technology will allow the vehicle to communicate with everything from infrastructure to a person's smart phone to get information on construction, traffic lights, and other road hazards. This technology will expand to other Cadillac models in the future. Source: The Detroit News, Cadillac Cadillac to Expand Super Cruise Across Entire Lineup Super Cruise to roll out to other GM brands V2X communication debuts in Cadillac crossover in 2023 New York — Cadillac plans to expand the rollout of Super CruiseTM, the world’s first true hands-free driver assistance feature for the freeway. Super Cruise will be available on all Cadillac models, with the rollout beginning in 2020. After 2020, Super Cruise will make its introduction in other General Motors brands. Cadillac also plans to offer V2X communications in a high-volume crossover by 2023 and eventually expand the technology across Cadillac’s portfolio. Mark Reuss, GM executive vice president of Global Product Development, Purchasing and Supply Chain, announced these plans at the Intelligent Transportation Society’s annual conference in Detroit Wednesday. “The expansion of Super Cruise and V2X communications technology demonstrates Cadillac’s commitment to innovation, and to making customers’ lives better,” Reuss said. “GM is just as committed to ushering in a new era of personal transportation, and technologies like these will enable it.” Reuss’ comments reaffirm GM Chairman and CEO Mary Barra’s pledge in her keynote address at the 2014 ITS World Congress, where she announced Cadillac would begin offering advanced intelligent and connected technology in its vehicles. “Cadillac is proud to be the leader for the company’s innovation,” said Steve Carlisle, Cadillac president. “Groundbreaking technologies like these continue to provide unparalleled comfort and convenience for our customers.” The Super Cruise driver assistance feature is made possible by precision LiDAR map data, high precision GPS, a state-of-the-art driver attention system and a network of camera and radar sensors. It requires an active OnStar service plan with emergency services to function. Customers can drive hands-free on more than 130,000 miles of limited-access freeways in the U.S. and Canada. The driver attention system helps to keep drivers engaged and detects when drivers need to pay more attention to the road. Even while using Super Cruise, drivers must always pay attention and not use a handheld device. Cadillac introduced vehicle-to-vehicle (V2V) communications on the CTS sedan in 2017, which uses Dedicated Short-Range Communications (DSRC) technology. Using the Basic Safety Message as a base, V2V can be extended to the roadway infrastructure and other roadway users (e.g., cyclists, pedestrians, etc.) establishing a V2X ecosystem. Using V2X, compatible vehicles can be notified of hazardous road conditions, traffic light statuses, changing work zones and more. With a range of nearly 1,000 feet, drivers can be alerted to possible threats in time to avoid a crash. View full article

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×