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☆ 4 reasons GM is crushing it right now
▼ + stars: | 2024-10-22 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

GM's profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM's EVs hold a 9.8% share of the US EV market, behind only Tesla. AdvertisementGeneral Motors reported strong third-quarter 2024 profits on Tuesday, topping Wall Street's estimates and helping send shares surging more than 9%. Of those who purchased a GM EV, more than 60% are conquests from other automakers, Barra said. Reuss said GM has eliminated 2,700 unique parts, ranging from seat assemblies to wiring harnesses, from its inventory.

Persons: —, Mary Barra, EVs, Barra, Mark Reuss, Reuss Organizations: Motors, US, Service, Detroit, GM, Chevrolet Traverse, GMC Acadia, Consumers, General Motors, EV, Tesla Locations: China

DETROIT (AP) — Pressure in rising on General Motors as the lone holdout in a strike targeting all three big Detroit automakers after a tentative contract agreement with Jeep maker Stellantis was reached with the United Auto Workers union over the weekend. The Ford agreement revives cost-of-living adjustments that the UAW agreed to suspend in 2009 during the Great Recession. At Stellantis, workers get cost-of-living pay that would bring raises to a compounded 33%, with top assembly plant workers making more than $42 per hour. Overnight, 8,200 Stellantis workers in Canada represented by a different union, Unifor, walked off the job. At the peak, about 46,000 UAW workers were on strike — about one-third of the union’s 146,000 members at all three companies.

Persons: Stellantis, ”, Erik Gordon, Ford, Shawn Fain, Fain, Chuck Browning, ” “, ” Browning, Gordon, Bruce Baumhower, ” Unifor, ____ Bajak, John Raby, Corey Williams, Haleluya Organizations: DETROIT, General Motors, Detroit, United Auto Workers, UAW, Ford, GM, Saturday, Silverado, Sierra, Vehicles, GMC Acadia, Cadillac, University of Michigan, ” “ UAW, Jeep, “ Locations: American, Spring Hill , Tennessee, Texas , Michigan, Missouri, Spring, Mexico, Arlington , Texas, Detroit, America, Stellantis, Toledo , Ohio, Canada, Unifor, Boston, Charleston , West Virginia, Sterling Heights , Michigan, Jersey City , New Jersey

DETROIT (AP) — The United Auto Workers union has widened its strike against General Motors, the lone holdout among the three Detroit automakers, after reaching a tentative contract agreement with Jeep maker Stellantis. About 14,000 UAW workers had been on strike at two Stellantis assembly plants in Michigan and Ohio, and several parts distribution centers across the country. Workers also will get cost-of-living pay that would bring the raises to a compounded 33%, with top assembly plant workers making more than $42 per hour. Like the Ford contract, the Stellantis deal would run through April 30, 2028. Negotiations between the UAW and Stellantis had intensified Thursday, the day after the Ford deal was announced.

Persons: ”, Erik Gordon, Ford, Stellantis, Shawn Fain, ” “ Everybody’s, Larry Montgomery, John Rutherford, Spring Hill didn’t, Fain, “, ” Fain, Rich Boyer, Gordon, Bruce Baumhower, Baumhower, Jermaine Antwine, Bajak, John Raby, Corey Williams, Haleluya Organizations: DETROIT, United Auto Workers, General Motors, Detroit, UAW, GMC Acadia, Cadillac, University of Michigan, GM, Ford, ” UAW, Workers, Toyota, Tesla, Jeep, Hollywood Locations: Hill , Tennessee, North America, Texas , Michigan, Missouri, Tennessee, Belvidere , Illinois, Spring Hill, Stelantis, Michigan, Ohio, Stellantis, Belvidere, Trenton , Michigan, Toledo , Ohio, Sterling Heights , Michigan, Pontiac , Michigan, Boston, Charleston , West Virginia, Jersey City , New Jersey

All-new: 2024 GMC Acadia The show's one big new model reveal came as General Motors unveiled the completely redesigned 2024 GMC Acadia on Wednesday morning. 2024 GMC Acadia GMProduction of the 2024 Acadia is expected to begin early next year at a plant in mid-Michigan, with vehicles slated to hit dealer showrooms during the first quarter. The company revealed its refreshed 2024 F-150 pickup truck lineup Tuesday night to a large crowd in downtown Detroit, not far from the show floor. Jeep unveiled a refreshed 2024 version of its Gladiator pickup in Detroit on Sep. 13, 2023. Not surprisingly, the Gladiator's new grille is very similar to the revamped grille that the Wrangler itself will be sporting for the 2024 model year.

Persons: it's, Duncan Aldred, wasn't, Ford, Jim Farley, John Emmert, Motors, Cadillac, Alex MacDonald, Gladiator, Stellantis, Jim Morrison Organizations: DETROIT, Detroit, United Auto Workers, Detroit Auto, North American, CNBC, General Motors, Acadia, GMC, GMC Acadia GM, GM, Chevrolet Traverse, Buick, CT5, Cadillac CT5, Google, Jeep, Apple Locations: Acadia, Michigan, U.S, Yukon, Detroit, Toledo ., North America

☆ Federal safety regulators push to recall 52 million air bags
▼ + stars: | 2023-09-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Federal safety regulators are pushing to get 52 million air bags recalled due to the threat that they could explode, severely injuring or even killing a car’s occupants. About 11 million of the air bags were manufactured by Delphi under a licensing agreement with ARC. It also did not give an estimate for how many vehicles contain the air bags, since most vehicles have multiple air bags. The agency did not say how many cars may have more than one of the air bags it wants recalled. The number of air bags still in use is less than the 67 million that NHTSA estimated earlier this year.

Persons: ”, Takata, —, Ramishah Maruf Organizations: New, New York CNN, Federal, Traffic Safety Administration, ARC, Delphi, General Motors, Ford, Toyota, Hyundai, Kia, Benz, BMW, Volkswagen, NHTSA, GM, Chevrolet Traverse, GMC Acadia, “ Locations: New York, United States, Canada

☆ Parts Maker Rejects Demand to Recall Air-Bag Inflators Regulators Call Unsafe
▼ + stars: | 2023-05-15 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

General Motors recalled nearly one million SUVs that used the ARC air bags, including the GMC Acadia, from model years 2014 to 2017. Photo: mark blinch/ReutersAn auto-parts manufacturer is rejecting a demand from federal regulators that it recall 67 million air-bag inflators that the regulators say are unsafe, setting up a potential legal battle that would have wide-ranging ramifications for the industry. In a letter released publicly Friday, the National Highway Traffic Safety Administration said it had tentatively concluded that the inflators made by Tennessee-based ARC Automotive contain a “safety-related defect” and should be recalled. The inflators have been linked to exploding incidents that have killed two people and injured others.

☆ 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.

☆ 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.

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