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Archive for the ‘Buick’ Category

GM Handily Beats Earnings Forecast, Buoyed by Truck Sales

Shares soar in pre-bell trading.

by on Oct.31, 2018

GM's Renaissance Center headquarters in Detroit.

General Motors delivered a positive surprise to analysts and investors on Wednesday morning, delivering significantly stronger earnings than had been forecast, buoyed by surging demand for its light truck line-up, including the completely redesigned Chevrolet Silverado pickup.

The announcement stands in sharp contrast to rival Ford Motor Co. which, last week, reported a significant decline in third-quarter income, despite strong demand for models like its F-150.

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GM said it earned a net of $2.53 billion during the July-to-September quarter, or $1.75 a share. A year ago, it lost $2.98 billion, or $2.03 a share, though that figure largely reflected the cost of completing the sale of its European-based Opel subsidiary to France’s PSA Group.

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Consumer Reports: Domestic Vehicle Reliability Slipping

Domestic brands struggled in this year's survey.

by on Oct.25, 2018

Toyota and its luxury sibling topped this year's Consumer Reports reliability survey of 29 brands.

Toyota and Lexus came out on top in Consumer Reports annual reliability survey thanks in large part to a cautious approach to adapting to new technology.

However, the Toyota Tundra, the automaker’s entry into the full-size truck segment, slipped off Consumer Reports list of recommended vehicles, Jake Fisher, Consumer Reports director of automotive testing, disclosed during a meeting of Detroit’s Automotive Press Association.

News You Can Trust!

Fisher said overall it was a difficult year for domestic brands as Buick, Chevrolet, Cadillac and Chrysler were among the brands that dropped in the Consumer Report’s new car reliability survey. Honda, which performed well in earlier years, also has slipped, he said.  (more…)

GM Offers First-Ever Extended Bumper-to-Bumper Warranty

Company claims it could raise resale values.

by on Oct.15, 2018

GM's new extended warranty is accepted at all GM dealers across the U.S.

The difference between buying one new vehicle or another can often come down to the tiniest of things, but General Motors is now offering a big thing that it hopes will make a big difference: an extended bumper-to-bumper warranty.

The company is offering what it is calling the first ever true extended bumper-to-bumper warranty that covers Chevrolet and GMC products for five years or 60,000 miles, whichever comes first, while Cadillac and Buick owners can get a six-year or 75,000-mile warranty.

Product News!

“One of the best things about buying a new vehicle is the peace of mind that comes with the warranty,” said Ken Mac, director of Chevrolet, Buick, GMC, Cadillac Protection.  (more…)

GM Shows Support of Gender Equality with Board Appointment

Company named tops globally for gender equality.

by on Oct.12, 2018

International executive and former CIA deputy director Jami Miscik is joining General Motors board of directors.

General Motors has added a female executive with broad experience in international affairs to its board of directors and, in the process, signals its support of gender equality.

The addition of Jami Miscik, the CEO and vice chair of Kissinger Associates, a geopolitical consulting firm founded by former Secretary of State and Presidential adviser Henry Kissinger, brings the total membership of GM’s board to 12.

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The GM board now includes 11 outsiders and is made up of six men and six women. (more…)

Lexus, Volvo Tie for Top Spot in New Brand Survey

Overall, consumers slightly happier with ownership experience.

by on Aug.30, 2018

Volvo tied with Lexus for the top brand honors in the latest ACSI survey, receiving its highest score ever.

Vehicle owners in the U.S. are slightly happier with their ownership experience this year than last year, according to the latest American Customer Satisfaction Index.

The index, which is the result of surveys of car owners on their overall service and product experience with specific auto brands, creates a score between 1 to 100. According to the latest edition, the industry-wide score for 2018 is 82, up from 81 in 2017.

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“Car owners are often highly satisfied—they’ve kicked the tires enough times that they’re happy with their decision when they buy,” said David VanAmburg, managing director at ACSI.  (more…)

Say Goodbye: 17 Models Going Away in 2019

But some nameplates will yet return from the dead.

by on Aug.17, 2018

Death is not permanent, at least in the auto industry. Some old nameplates will return in 2019, like Ford's Ranger.

We’ll be seeing a host of new models make their debut during the 2019 model-year, including Ford’s newly reborn Ranger pickup, the brand-new Subaru Ascent SUV and complete makeovers of the Chevrolet Silverado and Ram 1500.

But there are also plenty of familiar products that will be waving bye-bye as the 2018 model-year wraps up or at some point during the 2019 season. The obituary list is rather extensive this year and, you likely won’t be surprised to learn, it’s primarily filled with sedans, coupes and sports cars, something that reflects the ongoing shift from passenger cars to light trucks.

Stay in Sync!

That said, some of the products that might be gone or going soon could stage a comeback in the future if market trends again shift. The Ranger is a good example. Ford killed it off in 2011, anticipating the demise of the midsize pickup segment. New arrivals, like the also-reborn Chevrolet Colorado, proved there was life left in the segment. Ford is also getting set to bring back the long-absent Bronco.

Here’s a look at the U.S. models about to drive off into the sunset:

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GM Partners With Shell to Offer In-Car Payment for Gas

Pay & Save makes getting gas easier.

by on Aug.17, 2018

Using Shell's Pay & Save app, GM Marketplace users can pay for gas from their car.

It’s an increasingly “mobile” world and General Motors is looking to make it a little easier through a partnership with Shell called “Pay and Save” allowing users to pay for and get discounts on gas using an imbedded app in the infotainment system.

Using the GM’s Marketplace app, users can now locate the nearest Shell station and pay for gas without having to get more than a foot away from their vehicle and without swiping a credit card or using a smart phone to complete the transaction.

Tech News!

To use this feature, users will press the Shell icon within Marketplace and select their preferred station location. After a few taps on the in-vehicle touchscreen, a code will be generated that allows the user to activate a desired pump and start fueling. Payment is then automatically charged to the payment method on file, with Fuel Rewards savings applied. (more…)

China Retaliates; New Tariffs Hit U.S. Auto Exports, Jobs

BMW, Mercedes, Ford, other makers could be hard hit, forced to cut American production.

by on Aug.09, 2018

The BMW X5 is the #1-selling American-made vehicle in the Chinese market.

The auto industry has found itself at Ground Zero as the U.S. and China escalate their trade war.

After the latest move by the Trump Administration to target Chinese imports, the Beijing government has announced it will strike back with 25% tariffs on $16 billion in imported U.S. goods. China previously enacted new duties on $34 billion worth of goods, bringing the total to $50 billion. And with the White House threatening to add another $200 billion to the U.S. list, the trade war could escalate rapidly.

Breaking News!

The latest round sees the Chinese Ministry of Commerce placing an additional 25% duty on a list of American products that includes coal, crude oil and metal scrap, as well as automobiles and motorcycles. A number of automakers could be hit hard by the new sanctions, including Ford Motor Co., Mercedes-Benz and BMW.

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GM Pushing to Get Tariff Exclusion for China-Made Envision SUV

If successful, it would eliminate a 25% price hike.

by on Aug.03, 2018

The Buick Envision is caught in the new tariff wars as its built in China and sold in the U.S.

The tariffs implemented by the Trump administration on China are having a negative impact on several American companies, specifically General Motors. However, the company is looking to find a way around them.

GM’s Buick Envision is built in China and, as such, is subject to hefty levy when entering the country, but the company is in talks with Trump’s trade representatives to get an exemption on the popular midsize sport-utility that accounts for nearly 20% of the brand’s U.S. sales.

The Last Word!

GM said in a statement that it filed the request on July 30 with the U.S. Trade Representative. An official notice was posted on Thursday on the regulations.gov website, which is tracking requests for exclusions from the so-called Section 301 tariff on certain imported goods from China, according to Reuters. (more…)

General Motors Reports Flat Earnings for Second Quarter

Rising incentives on pickups drain profits.

by on Jul.25, 2018

GM's profits were hurt by increased incentives on its full-size pickups during the second quarter.

General Motors posted earnings for the second quarter that were basically flat as rising incentives and lower prices on its pickup trucks took a bite out of the company’s profits.

GM’s income from continuing operations of $2.4 billion, down $0.1 billion, compared to the second quarter of 2017 due to a driven primarily by the decline pricing and trim mix for the company’s the current-generation full-size pickup truck models, which is due to be replaced next year, and increased commodity costs.

Financial News!

The decline in the profitability of the company’s pick-up truck business was partially offset by improved performance in GM Financial and China. (more…)