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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 $632 million to produce next-generation pickups in Indiana
▼ + stars: | 2023-06-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Trucks come off the assembly line at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. DETROIT – General Motors announced plans Monday to invest $632 million for production of its next-generation full-size pickup trucks at a plant in Indiana. GM said the investment in its Fort Wayne plant in Indiana will support new conveyors, tooling and equipment in the plant's body and general assembly areas for production of the Chevrolet Silverado and GMC Sierra 1500 models. The investment in Indiana is further confirmation that the company plans to continue to spend on its traditional operations to assist in funding its emerging electric vehicle business. The investment announcements come ahead of contract negotiations between the Detroit automakers, including GM, and the United Auto Workers union this summer.

Persons: Trucks, GM's Organizations: Chevrolet Silverado, GMC, DETROIT – General Motors, GM, Silverado, Sierra Denali, Detroit, United Auto Workers Locations: Fort Wayne , Indiana, DETROIT, Indiana, Fort Wayne

☆ Tesla stock charges upwards on deal with GM
▼ + stars: | 2023-06-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

Both Ford and GM EV drivers will, for now, need special adapters to allow their vehicles to use Tesla chargers. Tesla’s charging system had been proprietary and only usable by Teslas – although Teslas could use CCS chargers with an adapter. But CEO Elon Musk announced in late 2022 that he was inviting other automakers and charging companies to use Tesla’s charging system and design standards. Tesla’s NACS chargers outnumber CCS chargers in the United States by a factor of two to one, according to Tesla. Other automakers, such as KIa, Hyundai, BMW, Mercedes and Volkswagen, still use the CCS charging standard and have not announced any plans to change.

Persons: CNN — Tesla, ”, Gary Silberg, –, Elon Musk, Mary Barra, Sam Abuelsamid, Tesla, Justin Sullivan, Guidehouse’s, KPMG’s Silberg, Abuelsamid, Musk, GM’s Organizations: CNN, General Motors, Ford, GM EV, Tesla, KPMG, GM EVs, Guidehouse, CCS, GM, GM’s Chevrolet, Cox Automotive, KIa, Hyundai, BMW, Mercedes, Volkswagen Locations: United States, CALIFORNIA, San Rafael , California, North America

☆ 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 to invest more than $500 mln in Texas plant for future SUVs
▼ + stars: | 2023-06-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Companies General Motors Co FollowJune 8 (Reuters) - General Motors (GM.N) said Thursday it will invest more than $500 million in its Arlington, Texas assembly plant to prepare it for production of next-generation internal combustion engine full-size SUVs. Efforts to retool existing North American auto plants and introduce more efficient next-generation internal combustion models are also being planned, sources told Reuters. GM faces increasingly stringent emissions requirements from California and the Environmental Protection Agency (EPA). On Tuesday, GM said it would invest C$280 million ($210 million) in its Canadian Oshawa Assembly to produce the next-generation internal combustion engine full-size trucks. GM faces pressure from the United Auto Workers union, which will enter contract talks with the Detroit Three automakers this summer.

Persons: Mary Barra, Gerald Johnson, David Shepardson, Shivansh, Shilpi Majumdar, Diane Craft Organizations: General Motors, Detroit, Reuters, GM, Environmental Protection Agency, Chevrolet Tahoe, Suburban, Canadian Oshawa Assembly, EPA, Michigan, Capitol, United Auto Workers union, Detroit Three, UAW, Thomson Locations: Arlington , Texas, California, Flint , Michigan, Texas, Washington, Bengaluru

☆ Bringing Some Loud NASCAR to Le Mans
▼ + stars: | 2023-06-08 | by ( Ian Parkes | ) www.nytimes.com time to read: 1 min

When the possibility of a NASCAR Cup Series car competing in the 24 Hours of Le Mans endurance race was first discussed two years ago, there was some surprise. “I talked to a few people, traditional sports-car folks and traditional racing folks, and when I told them about the project, they were scratching their head like, ‘You’re going to do what?’” John Doonan, president of the International Motor Sports Association, said in an interview. Doonan is also the project leader of NASCAR’s return to Le Mans 47 years after the series was last involved, when a Dodge Charger and a Ford Torino failed to finish the raceChevrolet, a two-time winner in the GTE Pro class, is supplying the car, a Camaro ZL1 run by Hendrick Motorsports of North Carolina that is the Garage 56 entry for Le Mans, which celebrates its centenary this year.

Persons: “, You’re, John Doonan, Doonan, NASCAR’s, Le Organizations: NASCAR, International Motor Sports Association, Dodge, Ford Torino, GTE, Hendrick Motorsports of North, Le Mans Locations: Hendrick Motorsports of North Carolina

☆ Best cheap car options in 2023
▼ + stars: | 2023-06-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

CNN —You’ve probably seen shocking headlines saying the average price of a new car has reached about $48,000, according to industry analysts like Edmunds.com. The Chevrolet Trax, with a starting price around $20,000, garnered compliments on a recent test drive. The 2023 Kia Rio was rated as the best overall value by Cars.com. “The Nissan Versa [with a manual transmission] is like sixteen and change, and that’s a really, really pretty nice car,” said Quiroga. “But if you’re if you’re willing to persist and stick to your budget, you absolutely can [find a good inexpensive car] if you can keep an open mind.”

Persons: CNN — You’ve, Ford Maverick, Ford “, ”, Tony Quiroga, you’re, Jane Ulitskaya, Kia Rio, Cars.com, Driver’s Quiroga, Zach Gale, ” Gale, Quiroga, Gale, “, it’s Organizations: CNN, Chevrolet Trax, General Motors, Trax, Chevrolet, Ford, Apple, Cars.com, Kia, Android, Ford Maverick XL, Co, MotorTrend’s, Nissan

[1/3] A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. GM has outlined this year a total of $1.7 billion in investments in Flint facilities to support the next generation of its heavy duty pickups. GM said it will spend $579 million at its Flint Engine Operations to produce a sixth generation of its small block V-8 combustion engine. Another $103.5 million will be spent upgrading a separate Flint facility that supports truck production. GM expects to start bargaining with the United Auto Workers union for a new contract with a deadline of Sept. 14 to reach an agreement with it U.S. production workers.

Persons: Rebecca Cook, Ram, Mike Booth, Shawn Fain, Fain, Priyamvada, Shilpi Majumdar, David Gregorio Our Organizations: General Motors, REUTERS, General Motors Co, GM, Ford Motor, Detroit Three, United Auto Workers, Investment, UAW, Thomson Locations: Flint , Michigan, U.S, Flint, Kokomo , Indiana, Kokomo, Asia, Bengaluru

☆ GM to invest more than $1 billion to produce new heavy-duty pickups
▼ + stars: | 2023-06-05 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – General Motors plans to invest more than $1 billion in two Michigan plants for production of next-generation heavy-duty trucks, the company said Monday. Another $233 million will be invested in the automaker's Flint Metal Center to support production of the vehicles. Despite GM's commitment to exclusively offer all-electric vehicles by 2035, the company continues to invest in traditional vehicles such as the Chevrolet Silverado and GMC Sierra heavy-duty pickups. In 2022, GM reported sales of its heavy-duty pickups increased by 38% compared to the prior year, amounting to nearly 288,000 trucks sold. For investors, UAW negotiations are typically a short-term headwind every four years that result in higher costs.

Persons: Mike Booth Organizations: General Motors, Flint Assembly, DETROIT –, Motors, Flint Metal Center, Chevrolet Silverado, GMC, GM, Detroit, United Auto Workers, UAW Locations: Flint, Flint , Michigan, DETROIT, Michigan, EVs

☆ How Ford, GM auto dealers are thinking about Detroit's EV transition and their future
▼ + stars: | 2023-06-03 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +12 min

If consumers are to be sold on the mass adoption of battery-powered electric vehicles, car dealers are going to be essential to the pitch. But she expects more Ford dealers will opt in at a future date, once they observe a meaningful consumer shift to EVs. "Despite significant increases in EV sales in 2023, dealers are largely skeptical about the OEM's timeframes on the EV rollout," Kerrigan said. A dealer in Santa Monica may decide more quickly, "I need to be all-in on EVs," Maas said. It also caps their total EV sales at 25% of inventory.

Persons: Robb Hernandez, Hernandez, Brian Maas, Maas, EVs, Kerrigan, Ford, Erin Kerrigan, Kelley, BEV, Dealers, Jim Farley, Farley, Tesla, Tesla's, Ford's Organizations: Ford, Bloomberg, Getty, EV, GM, Camino Real Chevrolet, Car Dealers, California Air Resources Board, Kerrigan Advisors, Toyota, ICE, CNBC, Auto Locations: Colma , California, Monterey Park, Calif, California, U.S, Santa Monica, EVs, Eureka

DETROIT, June 2 (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You're wrong. That target assumes deployment of Cruise technology and services outside the United States - Dubai and Japan are among the future markets - as well as expansion into goods delivery and personal autonomous vehicles, Barra said. Rivals, including Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE), have pulled the plug on autonomous vehicle efforts as losses mounted. Barra said those states have a more welcoming regulatory environment for self-driving vehicles. GM has petitioned U.S. vehicle safety regulators to deploy up to 2,500 of its Origin vehicles, which have subway-like doors and no steering wheel.

Persons: Mary Barra, Barra, Sanford Bernstein, Cruise, Joe White, Tiwary, David Shepardson, David Holmes Organizations: DETROIT, General Motors Co, Cruise, GM, Rivals, Ford Motor, Volkswagen AG, Traffic Safety Administration, NHTSA, Chevrolet, Cadillac, Tesla Inc, EV, Thomson Locations: GM's, United States, Dubai, Japan, San Francisco, Arizona and Texas, Washington, U.S, China

☆ Canada, Quebec to provide about C$300 mln for GM-POSCO battery materials facility
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 29 (Reuters) - Canada's federal government and the Quebec province will each provide about C$150 million ($112 million) for a General Motors-POSCO Chemical (GM.N)(005490.KS) battery materials facility that is expected create about 200 jobs in the country, the Canadian industry ministry said on Monday. The U.S. carmaker and South Korea's POSCO outlined their plan last year to build the facility in Becancour, Quebec, to produce cathode active material (CAM) for electric vehicle (EV) batteries. CAM includes components like processed nickel, lithium and other materials that make up about 40% of the cost of a battery, the industry ministry said in a statement. "This investment in GM-POSCO's new facility in Becancour will help further position Quebec as a key hub in Canada's growing EV supply chain," Industry Minister Francois-Philippe Champagne said.

☆ Josef Newgarden Wins Indianapolis 500
▼ + stars: | 2023-05-28 | by ( The Associated Press | ) www.nytimes.com time to read: +1 min

He continued: “But I think a lot of people view this race and this championship with that lens. After the race, Newgarden brought his Chevrolet-powered car to a stop on the front stretch, jumped out and found a hole in the fence, diving into part of the crowd, estimated at more than 300,000, to celebrate. Then, Newgarden climbed the fence to mimic Helio Castroneves, the longtime Team Penske driver and four-time Indy 500 winner. Newgarden, a 32-year-old from Nashville, is the first American to win the Indy 500 since Alexander Rossi in 2016. He led five of the 200 laps and beat Ericsson in the fourth-closest finish in 107 years with a margin of victory of 0.0974 seconds.

☆ EVs to avoid if you want to dodge battery replacements that can cost up to $20,000
▼ + stars: | 2023-05-22 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

EV battery replacements could cost anywhere from $5,000 to $20,000, according to Recurrent. One of the biggest concerns that prospective electric-car buyers have is if they'll ever have to make a costly battery replacement. Excluding major recalls for the Chevrolet Bolt EV and EUV and Hyundai Kona Electric, of the EVs studied by battery health reporting firm Recurrent, only 1.5% have received battery replacements. Including the two well-known EV battery pack recalls raises that percentage of battery replacements to 6.5%, according to Recurrent, or 975 of the 15,000. Automakers have a variety of EV battery warranties to assuage fears about potential replacements.

☆ For an Unbeatable Music Scene, Head to Havana
▼ + stars: | 2023-05-21 | by ( Tony Perrottet | ) www.wsj.com time to read: 1 min

IN TEMPO Dancers in the open-air ballroom at Los Jardines de la Tropical, one of Havana’s legendary music venues from the 1920s and ’30s. Illustration: Cookie Moon“ARE YOU sure it’s here?” the taxi driver asked doubtfully as he navigated his 1952 Chevrolet along a dark road in Puentes Grandes, a vibrant neighborhood in Havana. But all at once two stone pillars and an iron gate emblazoned with the words, Los Jardines de la Tropical, appeared, signaling the entrance to Cuba’s most fantastical nightlife venue, the Tropical Gardens. We could hear the sound of the music coming alive.

☆ Ford, GM and Toyota push into midsize pickup trucks, the latest battleground for U.S. automakers
▼ + stars: | 2023-05-20 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Midsize pickup trucks are following the lead of their larger, full-size counterparts such as the Ford F-150, Chevrolet Silverado and Toyota Tundra. While the Detroit automakers dominate large pickup truck sales, Toyota Motor is the clear leader in midsize pickup truck sales with its Tacoma. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019, when Ford and Jeep reentered the market, Edmunds reports. Edmunds reports the Detroit automaker's share of the U.S. midsize pickup segment last year was about 19%, followed by Stellantis ' Jeep Gladiator at 12.8% and the Nissan Frontier at 12.5%. Varying strategiesAutomakers' sales volumes speak to their diverging strategies in the midsize pickup truck segment.

☆ The most dangerous place for retail workers might be right outside their stores
▼ + stars: | 2023-05-19 | by ( Ben Tobin | Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Store parking lots can present dangers for workers and customers alike. Roughly half of all deaths one outlet recorded at retailers in early 2022 occurred in parking lots. The incident illustrates a particular danger for retail workers that lies not within the confines of their brick-and-mortar stores but outside them, in the parking lot. Many of them identified the parking lot as the place they felt most unsafe. Retail store's parking lots are the scene of both violence and accidentsA worker collects shopping carts from the parking lot of a Walmart store in Chicago.

☆ Toyota redesigns bestselling Tacoma pickup amid increased midsize competition
▼ + stars: | 2023-05-19 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

The Tacoma has led the midsize pickup segment in sales for nearly 20 years, as competitors such as Ford, Jeep and Chevrolet have come, gone and returned to the segment. Midsize pickup trucks represented 4.4% of total U.S. vehicle sales in 2022, according to auto research firm Edmunds. Toyota has commanded a roughly 40% share of the American midsize pickup truck segment since 2019 when Ford Motor and Jeep reentered market, according to Edmunds. 2024 Toyota Tacoma Limited ToyotaTrailing Toyota is General Motors , which sells the Chevy Colorado and GMC Canyon. Tacoma is available in SR, SR5, TRD PreRunner, TRD Sport, TRD Off Road, Limited, TRD Pro, and Trailhunter.

☆ Analysis: GM's 2025 EV output could be crimped by battery bottleneck
▼ + stars: | 2023-05-18 | by ( Paul Lienert | ) www.reuters.com time to read: +4 min

"We have not changed our targets," GM spokesman Jim Cain said. Those targets include cumulative EV production of 400,000 from early 2022 through mid-2024, a revised goal that CEO Mary Barra reiterated earlier this year. "We believe GM’s targets are hittable despite hurdles to get there," Wedbush auto analyst Dan Ives said. GM has not issued specific North American EV production targets for 2024 and 2025. GM’s North American EV production targets beyond 2025 “will continue to push the limits” of its battery plants, according to AFS, including a recently announced fourth factory with new partner Samsung SDI (006400.KS) that isn’t expected to open until 2026.

☆ Toyota unveils new Tacoma pickup hybrid option
▼ + stars: | 2023-05-18 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —The Toyota Tacoma has been the best-selling mid-sized pickup in America for the last 20 years but its territory is getting much more competitive. To help it stay ahead in a crowded auto-industry battle for small-truck customers, Toyota just unveiled an entirely new Tacoma. The Toyota Tacoma Limited is the most luxurious version of the truck. ToyotaPopular with off-road enthusiasts, the new Tacoma will be available in several different off-road-focused versions: the TRD Pro, TRD Off-road, and the new Trailhunter model. TRD Off-Road, on which the hybrid system will be optional, will be engineered for more rugged terrain.

☆ Oscar Mayer says goodbye to the historic Weinermobile. Next up: the Frankmobile.
▼ + stars: | 2023-05-18 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

This week Oscar Mayer renamed its Weinermobile. "This month, we are introducing a tasty new recipe with a more balanced flavor profile and iconic beefy taste that is more flavorful than ever," an Oscar Mayer spokesperson told Insider. The original model was 13 feet long and was designed by the General Body Company of Chicago, Oscar Mayer says. A view of the Oscar Mayer Wienermobile 75th anniversary at West 75th street in Manhattan. Photo by Rob Kim/Getty ImagesIn its current state, the Oscar Mayer initiative offers jobs to new college graduates to drive around the country and promote the brand.

☆ Twitter's new CEO Linda Yaccarino is so influential at work that some loyal staffers mimicked her fashion sense and mannerisms, new report says
▼ + stars: | 2023-05-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Twitter's new CEO has a reputation for being influential at work, former coworkers told Fortune. Twitter's newest CEO Linda Yaccarino is so influential in the workplace that her fashion choices and mannerisms are adopted by the most loyal staffers around her, Fortune reported Sunday. One unnamed source said that she is so influential that some employees around her adopt her fashion style and mannerisms. She stood up to a lot of men," one unnamed source told Fortune. "There was chemistry there," Lou Paskalis, CEO of marketing consultancy firm AJL Advisory, told Fortune.

☆ Automakers and dealers are playing a game of chicken — and customers could be the winners
▼ + stars: | 2023-05-14 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +4 min

Automakers and dealers have kept prices high and inventory low for years. Automakers and dealers are playing a game of chicken over how much a car should cost right now — and customers might come out the winners. Higher interest rates make everything more painfulMeanwhile, dealers are spending more to keep cars sitting. To make matters worse for dealers: Without discounts to ease rising interest rates, more customers are delaying their purchases and hoping to wait out the interest rates. If and when car companies start spending more on incentives, they are likely to target interest rates, Caldwell said.

☆ US wants a recall of 67 million airbag inflators, but the manufacturer disagrees
▼ + stars: | 2023-05-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —The National Highway Traffic Safety Administration is calling for an immediate recall of 67 million airbag inflators due to a dangerous defect, the agency said in a letter to ARC Automotive, a major manufacturer of the component. The 67 million airbag inflators that NHTSA wants recalled were all produced in the 18-year period prior to January 2018, when ARC installed equipment to help inspect inflators, according to the company. The airbag inflators are used by at least 12 vehicle manufacturers, but NHTSA did not specify which ones. “Airbag inflators that project metal fragments into vehicle occupants, rather than properly inflating the attached airbag, create an unreasonable risk of death and injury,” the agency said in the letter. “None of the 918 inflators ruptured in the tests,” Gold wrote in response to NHTSA’s request for a recall.

☆ GM recalling nearly 1 million U.S. vehicles for air bag defect
▼ + stars: | 2023-05-12 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, May 12 (Reuters) - General Motors (GM.N) said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver's air-bag inflator may explode during deployment. The recall covers 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles from the 2014 through 2017 model years with modules produced by ARC Automotive Inc. An April 25 inspection confirmed that the front driver airbag inflator ruptured in the vehicle. GM said it was aware of two prior ruptures of ARC-manufactured airbag inflators in 2015 Chevrolet Traverse vehicles, and GM conducted two earlier small recalls of about 3,000 ARC inflators. All three rupture events in Chevrolet Traverse vehicles involved the same inflator variant.

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