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Archive for the ‘GM’ Category

Chevy May Be Ready to Unplug the Volt

GM shifting from plug-in to all-electric.

by on Dec.27, 2017

After a strong start, the second-gen Chevy Volt has been losing sales momentum this year.

General Motors is reportedly looking at unplugging the Chevrolet Volt, although the world’s first mass-market plug-in hybrid might remain in production until the end of its current lifecycle, around 2022, according to a report by AutoForecast Solutions.

The move would reflect not only sluggish sales but also a shift in strategy by GM. When the Volt came to market in 2010 many experts believed that plug-in hybrids would be the wave of the future. But as batteries become cheaper, more powerful and quicker to charge there’s a growing push for pure battery-electric vehicles, or BEVs like the Chevrolet Bolt EV.

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GM was expected to add several spin-offs based on the Volt plug-in hybrid-electric vehicle, or PHEV, but none has been forthcoming. Instead, the Detroit automaker now says it will launch another two BEVs over the next 18 months, with at least 20 all-electric or fuel-cell-powered models due out by 2023.

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UAW Keeps an Eye on GM Board Seat

Union not giving up spot its coveted for 40 years.

by on Dec.21, 2017

UAW President Dennis Williams told the media that the union will be looking to reclaim its seat on GM's board of directors.

The United Auto Workers plans to reclaim a seat on the General Motors Board of Directors, according to UAW President Dennis Williams.

At UAW headquarters in Detroit, Williams told reporters this week that the union’s executive board will meet early next year.

Union News!

Williams also said he plans to take up filling the seat with Voluntary Employees Benefit Association, the multibillion dollar trust fund that pays for the health care insurance of blue-collar workers, who retired from GM before the 2008-09 recession. (more…)

GM Ignition Litigation Marches On

Company facing $1 billion trial this week.

by on Dec.18, 2017

GM is facing more litigation related to its faulty ignition switches.

General Motors Co. is facing another expensive day in court on the massive and complex litigation related to the faulty ignition switches found in millions of cars built by the company during the first decade of the 21st century.

The potential liability from a trial slated to start this week tops $1 billion in stock to address claims related to the malfunctioning ignition switches, according to the Wall Street Journal.

Safety News!

The report noted that the trial, set to start Monday in a Manhattan federal bankruptcy court, centers on whether General Motors can block a deal reached in August between ignition-switch plaintiffs and a trust representing creditors of so-called Old GM, the assets the automaker left behind in 2009 as part of its $50 billion government rescue and restructuring.  (more…)

Former Union Leader Ashton Quits GM Board

Resignation comes at investigators scrutinize UAW funds.

by on Dec.15, 2017

Former UAW Vice President Joe Ashton resigned from the General Motors' Board of Directors as federal investigators.

General Motors Co. announced Joseph Ashton, a former United Auto Workers vice president who led the union’s GM department, resigned from the company’s board effectively immediately.

Ashton was nominated to the GM board by the UAW Retiree Medical Benefits trust, which administers funds that pay for health benefits for UAW-GM retirees and holds a large block of General Motors stock.

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The trust received the stock has part of the restructuring of GM supervised by the federal government after the company was forced into bankruptcy in 2009. (more…)

Ford Denies Plan to Move Next-Gen Fusion to China

Wire report claims midsize model will follow Focus as Ford cuts costs.

by on Dec.14, 2017

The Fusion has lost momentum in a U.S. market increasingly focused on SUVs and CUVs.

Ford Motor Co. says it has no plan to consolidate production of its next-generation Fusion and Mondeo models in China for shipment to markets around the world, countering a report by Reuters.

On Wednesday, the news service referenced automotive suppliers and other sources to indicate the midsize sedans would move out of their current plants in Europe and Mexico with a facility in China taking over as Ford’s single production source. Ford earlier this year announced a similar strategy for the smaller Focus model.

Industry News!

“We have no plans to export the next-generation Fusion/Mondeo from China to North America and Europe,” Ford said in a statement responding to the wire report. “Fusion/Mondeo are an important part of the Ford car lineup. We will have more information to share about the next Fusion/Mondeo at a later date.”

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Toyota Expects Electrified Vehicles Will Make Up Half of Its Global Sales

Automaker planning partnership with Panasonic.

by on Dec.13, 2017

Toyota Pres. Akio Toyoda at the launch of the Lexus LC coupe - which is offered with a hybrid option.

Toyota Motor Co. President Akio Toyoda said Wednesday that he expects half of the company’s sales to come from electrified vehicles – including hybrids and plug-based models – by 2030.

Toyoda spoke during a news conference called to announce a partnership with Panasonic to develop new battery technology that would be used for future Toyota products. The emphasis on electrified vehicles underscores a major shift in strategy by Japan’s largest automaker which, until recently, focused on hybrids but steered clear of more advanced plug-in hybrids and pure battery-electric vehicles, or BEVs.

Global Auto News!

“The auto industry is now facing a major change of the kind that comes once in a hundred years,” said the 61-year-old grandson of Toyota’s founder.

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