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☆ We donated our family car after 22 years. A piece of us is now missing.
▼ + stars: | 2024-05-18 | by ( Miranda Ferrante | ) www.businessinsider.com time to read: +3 min

What do you know at 17 months old? But back in 2002, at 1.5 years old I knew the perfect color for the family car. My father asked which I liked best, and when I pointed my small toddler finger at the pewter colored car, he was sold. Related storiesThat would be our family car for the next 22 years. Since my brother and I were 17 months old, the pewter colored car held a space in our driveway, and a space in our hearts.

Persons: it's, you've Organizations: Service, GMC Yukon XL

☆ UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings
▼ + stars: | 2023-10-24 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The walkout came just hours after the automaker reported third-quarter earnings results that beat Wall Street's expectations. As we've said for months: record profits equal record contracts," said UAW President Shawn Fain in a statement. Fain's claims of record results for the automaker reference record third-quarter revenue, according to the union. The automaker disclosed in its quarterly update that the UAW strike has already cost it $800 million in lost production — prior to the Arlington disruption — including $200 million during the third quarter.

Persons: Escalade, we've, Shawn Fain, Fain's Organizations: DETROIT, United Auto Workers, General Motors, Arlington Assembly, GMC, Yukon XL, Chevrolet Tahoe, GM, UAW Locations: Texas, Arlington, GMC Yukon

This should enable the automaker to reap tens of billions of dollars in additional profit, according to Reuters estimates, before it shifts completely to zero-emission electric vehicles in 2035. It never said when exactly it would stop producing gasoline-powered trucks and SUVs, though suppliers and analysts expected it would be well before 2035. GM plans to run its heavy-duty combustion pickups at both plants until 2035, according to AFS, which provides data and analysis to vehicle manufacturers and suppliers. The automaker will gradually reduce annual production of its big SUVs in Arlington as it begins to introduce new electric companions, starting around mid-decade. By 2030, AFS forecasts Arlington production could drop to around 200,000 vehicles, which could still produce at least $2 billion in pretax earnings.

Persons: Paul Jacobson, “, Jim Farley, May, Michael Ward, ” Ward, Paul Lienert, Joe White, Matthew Lewis Organizations: DETROIT, General Motors, GM, Reuters, U.S, United Auto Workers, ICE, Chevrolet Silverado, Ford, SEC, Arlington, AutoForecast Solutions, Ward, Benchmark, GMC, Silverado, GMC Sierra, AFS, Yukon XL, Thomson Locations: United States, Canada, Flint , Michigan, Arlington , Texas, Fort Wayne , Indiana, Oshawa , Ontario, Flint, Fort Wayne, Arlington, Oshawa, Suburban, Yukon, Ward, Detroit

☆ GM to invest $500 million to build next-generation Cadillac Escalade, other large SUVs
▼ + stars: | 2023-06-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – General Motors plans to invest more than $500 million in a plant in Texas to prepare the facility for production of its highly profitable next-generation large SUVs. GM on Monday made a similar announcement for its next-generation heavy-duty pickups, which share the frame of the large SUVS. The truck investment included more than $1 billion in two Michigan plants for production of next-generation heavy-duty trucks. The automaker recently confirmed an all-electric version of its Cadillac Escalade but declined to disclose when the vehicle will come to market. The investment announcements come ahead of contract negotiations between the Detroit automakers, including GM, and the United Auto Workers union this summer.

Organizations: General Motors Co, DETROIT –, Motors, Detroit, Chevrolet Tahoe, GMC Yukon, Yukon XL, GM, United Auto Workers, UAW Locations: Arlington , Texas, DETROIT, Texas, Arlington, Yukon, Michigan, EVs

☆ GM recalls 825,000 trucks, SUVs over headlight issue
▼ + stars: | 2022-12-14 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

The recall covers 740,000 U.S. vehicles and 85,000 in Canada. GM said the body control module software will be updated by a dealer, or through an over-the-air update to address the issue. The recall is an expansion of a recall GM announced in November for the sale issue. The recall was prompted after a GM engineer submitted a report about the issue in October prompting a company investigation. Reporting by David Shepardson; Editing by Andrew Heavens, Marguerita Choy and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ I made $5,500 in 2 months renting my family's cars on Turo. The extra income helps us pay our bills and save for my kids' college fund.
▼ + stars: | 2022-06-08 | by ( Kimanzi Constable | ) www.businessinsider.com time to read: +6 min

Daniel Veiga, 41, rented out one of his family's five cars on the car-sharing app Turo. Within a month, Veiga began renting out four of the five family cars, generating $4,229 in bookings. The revenue he makes from the car-sharing app Turo has been verified by Insider. My friend said Turo was an app where you could rent people's cars and get the exact vehicle you wanted. We used Turo exclusively for the next three years to rent cars.

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