GM | TheDetroitBureau.com - Part 2
Detroit Bureau on Twitter

Archive for the ‘GM’ Category

First Drive: 2018 Cadillac Escalade

Once an add-on to the line-up, the luxury ute is now the icon.

by on Aug.03, 2018

Once almost an afterthought in Cadillac's line-up, the Escalade is now the brand's centerpiece.

It seems the Escalade has been the heart and soul of Cadillac’s line-up of luxury vehicles forever.

No other car or sport-utility vehicle comes close, in the mind of the broad public anyway, to representing Cadillac’s nameplate in any kind of meaningful way.

Reviews You Can Use!

I suspect this has caused no end of consternation in General Motors headquarters over the years because the Escalade seems to have been an afterthought by GM product planners who were thinking along the lines of up-level Chevrolet Suburban with a bright Cadillac badge. (more…)

GM Adds Trump Trade Rep to Head Global Public Policy

Eissenstat joins automaker immediately.

by on Aug.02, 2018

Former Trump deputy Everett Eissenstat has moved on to GM at vice president of Global Public Policy.

General Motors has recruited a veteran of the Trump administration with broad experience on trade issues to serve as senior vice president of Global Public Policy.

Everett Eissenstat will assume his new effective immediately and he will report to GM Chairman and CEO Mary Barra, GM said.

Insight!

Eissenstat, 55, had been with the Trump White House as Deputy Assistant to the President for International Economic Affairs and Deputy Director of the National Economic Council from June 2017 to July 2018. Jointly appointed to the National Security Council and the National Economic Council.  (more…)

Automakers Offer Possible Solutions as Child Heatstroke Deaths Rise

Issue shows rare Washington bipartisanship, but Hot Cars Act yet to pass.

by on Jul.31, 2018

Nissan's Rear Door Alert system uses the horn to sound an alert to remind the driver to check the back seat.

The record heat scorching the country has been blamed for a series of devastating wildfires and other natural disasters, while contributing to what is on pace to become a record year for heatstroke deaths among children left in hot cars.

As July draws to a close, authorities have so far counted 29 child heatstroke deaths, a figure expected to soon surge pass the annual average of 37. Heatstrokes are not only the number one cause of non-crash vehicular deaths among children 15 years of age and younger, but also one of the most preventable. That’s led to a bipartisan push for new legislation on Capitol Hill, while several automakers have begun taking steps that could lower the deadly toll.

News Now!

“No one thinks a hot car tragedy can happen to them or their family and that is why these tragedies continue to happen,” said Janette Fennell, founder and president of the nonprofit child safety organization KidsAndCars.org. (more…)

Trump Mileage Rules Could Cost U.S. Motorist $Billions

But White House claims “societal cost” savings of $500 billion.

by on Jul.30, 2018

You may be spending significantly more at the pump under the CAFE rollback plan.

The planned revisions to the Corporate Average Fuel Economy, or CAFE, standards set to be announced by the Trump Administration could save as much as $500 billion in “societal costs,” according to a draft proposal revealed over the weekend – but on an individual basis, motorists could wind up spending thousands of dollars each, while the potential to the environment may also be substantial, as the new plan could increase U.S. fuel consumption by as much as 500,000 barrels a day.

In April, former Environmental Protection Agency chief Scott Pruitt took the first steps towards officially rolling back the rules set by the Obama Administration which would steadily increase the fuel economy of the average vehicle sold in the U.S. to 54.5 mpg in 2025. The draft of a plan crafted jointly by the EPA and the National Highway Traffic Safety Administration published over the weekend by the New York Times would freeze mileage standards at a level reached by 2020 – or around 37 mpg.

We Keep You In the Know!

The draft appears to have been completed in May, and sources have told several news outlets that revisions could be made before the final proposal is released – something that could happen as early as this week, according to comments made by Andrew Wheeler, the former coal industry lobbyist and acting EPA chief who took over the agency after Pruitt was forced out due to ethical concerns.

(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…)

Genesis Tops JD Power APEAL Survey

Korean up-start topples luxury mainstays, but Detroit mainstream brands also gain ground.

by on Jul.25, 2018

The Genesis brand aced another test, a month ago also topping Power's IQS.

Genesis, the upstart Korean luxury brand, has pulled off another surprise, this time landing the top spot in the 2018 J.D. Power APEAL study, surpassing such traditional highline brands as Porsche, Mercedes-Benz, BMW and Lexus.

It’s the latest in a series of coups by Genesis, which was spun off by Hyundai just two years ago. And it comes barely a month after the Korean marque also landed in the top spot on Power’s widely followed In initial Quality Survey. But there were some other surprises in the APEAL report which measures how well individual brands and models are satisfying their owners. Mainstream brands, notably including some Detroit marques, are rapidly gaining ground on the luxury badges that have traditionally led in customer satisfaction.

Beyond the Headlines!

But the industry, as a whole, achieved record levels in the 2018 APEAL study – the name short for “Automotive Performance, Execution and Layout” – the second year in a row that has happened.

(more…)

Former FCA CEO Marchionne Dead of Stroke at 66

A “force of nature,” the Italian-born exec rescued two car companies.

by on Jul.25, 2018

Sergio Marchionne was a dynamic game-changer that many could only watch as he raced by.

Sergio Marchionne, a man more than once called “a force of nature,” has died from a stroke at the age of 66, an unexpected complication following what had been expected to be “routine” shoulder surgery last week.

In an era when many businesspeople crave anonymity, Marchionne’s public appearances often turned into events, rather than mere news conferences. And perhaps for good reason considering there are few executives who could lay claim to having saved two separate automakers, Fiat and Chrysler, before bringing them together to form a global powerhouse.

Word that something had gone wrong came around noon Eastern time on Saturday when FCA issued a brief statement revealing that the Italian-born and Canadian-educated Marchionne experienced “unexpected complications,” and that his conditions had “worsened significantly in recent hours.” Subsequent news reports from Europe indicated the executive had suffered a stroke, fallen into a coma and was placed on a ventilator at a Swiss hospital. FCA issued another terse statement indicating his passing early this afternoon in Europe.

(more…)

PSA Makes Opel Profitable a Year After Buying It From GM

Company makes $588 million in first half of 2018.

by on Jul.24, 2018

PSA CEO Carlos Tavares has been credited with turning around the near-bankrupt French company, and now making a profit at Opel in just one year.

In just about a year, PSA Group managed to do something General Motors Co. hadn’t done 20 years: squeeze a profit out of Opel. PSA bought the company as well as its British sibling Vauxhall from GM for $1.3 billion euros last year.

The German brand reported a profit of $588 million, or 502 million euros, through the first six months of this year compared with a loss last year.

Global News!

The profits excluded $492 million, or 406 million euros, in one-time charges, after the company reached an agreement in May with German labor representatives to eliminate 3,700 jobs from Opel’s German workforce of about 20,000 employees. (more…)

Maven to Let GM Vehicle Owners Profit from Car-Sharing

Vehicles from '15 model-year on can be used in new peer-to-peer test.

by on Jul.24, 2018

GM owners will be able to make money renting their vehicles when they'd normally be sitting idle.

We’ve entered the “sharing economy,” the experts tell us, with home-sharing operations such as AIRBNB, ride-sharing companies like Uber and car-sharing ventures like Car2Go becoming increasingly popular with American travelers and commuters. But now, General Motors’ own sharing service, Maven, is testing a program that could give GM owners a way to profit from this trend.

Maven has launched what it calls a “peer-to-peer car-sharing beta” that allows owners of relatively recent GM products to list their own cars through the service and pocket some of rental fees. If the program takes off, it would join other peer-to-peer car-sharing services such as Turo. And French automaker PSA, in its bid to return to the U.S., has launched a similar program in Los Angeles.

Consumer News!

“Your car is one of the most expensive things you own. Sitting idle, it is a wasted asset,” said Julia Steyn, vice president, General Motors Urban Mobility and Maven. “It’s time to put your car to work. Maven’s peer-to-peer offering is a smart way for owners to offset their vehicle investment.”

(more…)

Detroit Auto Show Moving to June in 2020, Adding Major New Features

Sponsors aim to revive what's been North America’s leading car show.

by on Jul.23, 2018

Toyota Pres. Akio Toyota is shown here revealing the 2019 Camry during this year's NAIAS.

The North American International Auto Show will move from January to June in 2020, a new timeslot that organizers are betting will help revive the flagging momentum of what had long been one of the industry’s most important annual events.

The Detroit Auto Dealers Association had signaled its intention of abandoning its traditional, mid-winter schedule, though a switch to October was also under study. But that would have conflicted with other shows in Europe and Asia, the dealer group’s Executive Director Rod Alberts told TheDetroitBureau.com in an exclusive interview.

We Keep You In the Know!

In a background briefing ahead of today’s official announcement, Alberts said one of the advantages of a summer event is the ability to add new functions that expand beyond the confines of Detroit’s sprawling Cobo Hall convention center. “We realized we have to change the show (and) showcase Detroit, too,” said Alberts, who has been running the DADA for the past 28 years.

(more…)