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Posts Tagged ‘gm news’

Caddy Chief “Highly Optimistic,” Despite Struggles in U.S.

De Nysschen counting on new crossovers to help reshape the brand.

by on Jan.17, 2018

Cadillac President Johan de Nysschen has had to reshape his product plans to favor SUVs.

Cadillac chief Johan de Nysschen is proving himself to be a “glass full” kind of guy. Despite ongoing struggles in the U.S., he is optimistic General Motors’ luxury brand’s revival is “proceeding according to plan.”

Of course, it helps to know that Caddy is rapidly gaining ground in China, the world’s largest market – which also happens to be generating more sales than the U.S. these days. There’s also the fact that the new XT4, a critically needed new SUV will be in dealer showrooms late this year, with another new product set to roll out every six months through at least the end of 2020.

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“At the conclusion of this first phase of the plan, Cadillac will be armed for the first time with a family of premium crossover vehicles, positioning us well to exploit market preferences,” de Nysschen said during a presentation to the Automotive News World Congress.

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Flint Engine Plant Named New Home for GM Diesel Engine

Michigan-based plant to produce 3.0-liter turbo-diesel.

by on Jan.17, 2018

GM announced that its Flint Engine plant will produce the 3.0-liter turbo-diesel for the new Chevy Silverado.

On the heels of unveiling the new Chevrolet Silverado, GM announced plans to build a new diesel engine in a factory in Flint, Michigan, that currently is used to build 1.4-liter gasoline engines used in passenger cars.

GM said Flint Engine Operations will serve as the manufacturing site for the all-new Duramax 3.0-liter turbo-diesel for the 2019 Silverado. The same engine is likely to be used in the GMC Sierra pickup truck that GM plans to introduce later this year.

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In 2015, the company announced a $263 million investment in Flint Engine Operations for a new engine line. Flint Engine currently produces 1.4-liter engines used in the Chevrolet Cruze, Equinox and Volt. (more…)

General Motors Expecting Big Profits for 2018

Company expects stable results in North America and China.

by on Jan.16, 2018

GM CEO Mary Barra said she believes that all of the fundamentals that brought profits to GM in 2017 are in place to repeat in 2018.

General Motors Co. expects strong earnings in 2018, as it builds on an expected record 2017 diluted-adjusted EPS as well as previous record earnings in 2016 and 2015.

GM’s bullish forecast comes on the heels of a bullish prediction for 2018 from Fiat Chrysler Automobiles N.V. Chief Sergio Marchionne, who told reporters at the Detroit Auto Show that he expected upward of $9 billion in operating profits from FCA for the full-year even as it falls short of the sales targets laid out in four-year plan set out 2014 when it predicted sales of 7 million units.

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The company’s “product cadence” will help FCA offset any potential weakening in the economic outlook, added Marchionne, who noted the company was bringing out a new version of the Jeep Cherokee and brand-new Jeep Wrangler as well as the new Ram 1500 pickup truck. (more…)

GM’s Barra Optimistic NAFTA Will Survive; Won’t Pull Silverado Out of Mexico

"I'm very confident NAFTA will be modernized."

by on Jan.14, 2018

Renegotiating NAFTA will be "good for all three countries" in the deal, said GM CEO Barra.

Even as Fiat Chrysler gets ready to pull its full-size pickup truck production out of Mexico, General Motors CEO Mary Barra told reporters over the weekend that GM will continue building its own trucks South of the Border.

Barra, who had briefly served on President Donald Trump’s corporate advisory council until it was disbanded early last year, has been one of the business world’s more vocal supporters of the controversial Commander-in-Chief’s economic policies. And she again defended the administration’s efforts to renegotiate the North American Free Trade Agreement.

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“I’m very confident NAFTA will be modernized and it will be very good for all three countries,” Barra said during a scrum following the debut of the all-new 2019 Chevrolet Silverado pickup.

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GM Asks Feds to OK 2019 Launch of Driverless Robo-Cabs

Automaker aims to put as many as 2,500 on the road annually during test program.

by on Jan.12, 2018

GM will use an updated version of this Chevrolet Bolt EV - sans steering wheel and pedals - for the robo-cab test program.

General Motors wants permission from federal regulators to begin testing driverless robo-cabs on public roads, starting in 2019, a move that could position the Detroit automaker as one of the leaders in the development of autonomous vehicle technology.

Company officials said they would roll out as many as 25 vehicles annually under the pilot project, if given approval from the National Highway Traffic Safety Administration. GM ultimately hopes to provide the vehicles to ride-sharing services such as Lyft – in which it is a major investor – as well as its own service, Maven.

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Unlike the autonomous prototypes GM and many competitors are currently testing, the vehicles would be completely driverless and not even be equipped with pedals or a steering wheel. That is something the automaker’s President Dan Ammann called “a major milestone, adding that, “this technology will have a huge impact on the world.”

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GM Sales Top 4M in China for First Time

China totals more than 1M more than U.S.

by on Jan.04, 2018

GM Executive Vice President and GM China President Matt Tsien said the automaker set a new sales record in China.

General Motors and its joint ventures sold more than 4 million vehicles in China last year, marking the first time its topped that mark, the automaker said. The total accounts for more than half of the company’s global sales.

GM’s retail sales in China totaled 4,040,789 units, up 4.4% from the previous high in 2016. China was GM’s largest retail market for the sixth consecutive year. In contrast, GM sold barely more than 3 million vehicles in the United States.

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GM Canada sold 302,826 vehicles in 2017, up 13.3% over the previous year. Other regions haven’t reported but the company pulled out of the European market in last summer by selling its stake its stake in Opel and Vauxhall to PSA. (more…)

General Motors Catches Break in New Ignition Ruling

Judge says expert testimony cannot be used.

by on Dec.28, 2017

GM caught a break in a new ruling about litigation related to its faulty ignition switches.

General Motors Co. may have just gotten a significant break related to private lawsuits filed about its faulty ignition switches on thousands of its small vehicles courtesy of a new ruling from the district court judge handling the lawsuits.

U.S. District Judge Jesse Furman in Manhattan said the plaintiffs in two bellwether cases, according to Reuters, where airbags deployed may not use expert testimony corroborating a theory how the defective switches were involved in crashes.

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Some of the lawsuits allege that the switches, which account for 124 deaths and hundreds of injuries, could have moved from the “run” position to the “accessory” position and then back to “run” allowing the airbags to deploy, but too late to be effective. (more…)

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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Ford CEO Hackett Apologizes, Tells Harassers: “We Don’t Want You Here”

“Gut-wrenching” comments come as report reveals extensive problem at Chicago plants.

by on Dec.22, 2017

Ford CEO Jim Hackett has declared a "zero tolerance" policy on sexual and racial harassment.

Responding to reports of extensive and “gut-wrenching” sexual and racial harassment at two large Chicago plants, Ford Motor Co. CEO Jim Hackett sent an open letter to company employees this week advising harassers, “We don’t want you here.”

Problems at the Ford Chicago Assembly Plant and Chicago Stamping Plant were the subject of a detailed report by the New York Times this week. Women at the facility said they received little support and essentially no resolution when they tried to get the carmaker to address their concerns.

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“On behalf of myself and the employees of Ford Motor Company, who condemn such behavior and regret any harassment as much as I do, I apologize. More importantly, I promise that we will learn from this and we will do better,” wrote Hackett, who assumed the CEO post at Ford in May following a management shake-up.

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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.

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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…)