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Love this new marketing from GM! Are you willing to join the future? Are you willing to join Generation E? GM-Generation-E.mp4 -
Detroit Free Press covered the annual GM Analysts call this week and with the second quarter results it showed that GM has lost $800 million in the quarter but over all North American Earnings were breakeven and this was with 8 weeks of shutdown. Over all the Stock beat wall streets estimates and yet still sold off in large numbers during the pandemic closure. Analysts had plenty of questions for GM with a major question of will GM consider spinning off their technology arm which would include electric vehicles operations into a stand alone company? The idea of a stand alone GM Tech company is to recognize the advanced tech GM has over other auto companies and to unlock what Analysts see as considerable shareholder value. This new entity would allow access to cheap new capital to keep the old GM going till the new GM would replace it as a cutting edge tech auto company with what is seen as future strong growth. GM has reinforced it's future of all electric auto's, self driving auto's and what it expects to become a zero emission company with 20 new EV auto's on the market by 2023, the first being out in Q1 of 2021. The group of Analysts has suggested the new company be called Ultium based on GM's new battery tech. The CEO responded that GM is evaluating many scenarios for the future of GM. She had nothing further to say other than the board and executive team will consider all options for what is best for driving long-term shareholder value. Quote: "Nothing is off the table." Analysts have since added notes to their research suggesting that GM could already be considering this since so many start ups are valued more than GM such as Tesla, Nikola, Rivian, etc. The Billions of cheap dollars that could help drive GM long term into the future is hard to ignore. Some analysts say that to split the company would kill off the baby, meaning the EV side would die after the money was harvested from the stock sale as you only have the Chevrolet Bolt and the new company would have to follow Tesla in going back to the market for more and more money. This is based on what some analysts see as only a US/Canada interest in EVs compared to the rest of the world needing ICE. That being said it does show a clear line between those Analysts that see Europe and China leading in new tech with a change to EV's versus those Analysts that are more inline with the oil industry and imply that there is little to no interest in EV's. End result is WHAT WILL GM DO? I suspect GM will stay the course of using ICE auto's to fund the change to an all EV world. 50 years from now, people will be wondering why it took so long to dump ICE auto's in favor of EV's. What are your thoughts on this? https://www.freep.com/story/money/cars/general-motors/2020/08/01/gm-electric-vehicles-mary-barra/5549426002/
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ultium drive Ultium Drive - GM's New Power Train Lineup
G. David Felt posted a topic in General Motors
GM announced today their new family of EV motors, The Ultium Drive family. The Ultium Drive family is made up of five interchangeable drive units and three motors. This will help transition the current portfolio of auto's to fully electric lineup. Performance, scale, speed to market and manufacturing efficiencies will provide GM significant advantages over past EV auto's. GM is leading the way with industry class leading drive units that use an electric motor and single-speed transmissions to apply power best in class horsepower and torque. Ultium Drives will be more responsive than internal combustion motors with precision torque control of the motors and smooth performance. The design and development of the Ultium Drive modular architecture allows us to offer industry-leading torque with power density across a wide spectrum of different vehicles types. GM has applied their 25 years of EV experience in creating the Ultium Drive family with lighter and more efficient designs. The Ultium Drive family integrates the power electronics into the drive units assemblies allowing for a 50% reduction in electronics over previous auto's thus saving cost and packaging space while increasing capability by 25 percent. To Quote GM press release: “As with other propulsion systems that are complex, capital intensive and contain a great deal of intellectual property, we’re always better off making them ourselves,” said Adam Kwiatkowski, GM executive chief engineer, Global Electrical Propulsion. “GM’s full lineup of EVs should benefit from the simultaneous engineering of Ultium Drive. Our commitment to increased vertical integration is expected to bring additional cost efficiency to the performance equation.” Ultium-Drive-to-Help-Power-GMs-All-Electric-Future.mp4 https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0916-ultium-drive.html
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While the focus on the electric vehicles have been on the ultra plush and quick models from the likes of Tesla, Audi, and Jaguar, there is a lot of work being done for electric delivery vans. The combination of reduced maintenance, low fuel costs, and an abundance of torque to deal with heavy loads make them a perfect to do deliveries in urban areas. Rivian is the most-well known player here with plans to build out a fleet of electric vans for Amazon. Another player is ready to join the fight. Reuters reported yesterday that General Motors is working on a electric van for the commercial market. Five sources reveal that the van - codenamed BV1 - is expected to go into production late next year. It is expected to use Ultium battery technology that GM first talked about back in March. Utilizing this could solve one of the big issues with EVs, price. By switching Cobalt (expensive) for Aluminum (less expensive), GM says it will drop the cost of a battery to $100 per kilowatt-hour - making it around the same cost as regular gas powered van. Analysis done last year put the kilowatt-hour cost of a battery at $159. One item still being debated internally is whether the van will be sold as Chevrolet, GMC, or a new brand. When asked by Reuters, GM said it is “committed to an all-electric future and is implementing a multi-segment, scalable EV strategy to get there. At this time, we do not have any announcements to make regarding electric commercial vehicles.” GM isn't the only company getting on the electric van train. Ford has announced plans for an electric version of the Transit to launch in 2022, and British startup Arrival which has the backing of Hyundai, currently has an order of 10,000 vans from UPS. Source: Reuters- 16 comments
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While the focus on the electric vehicles have been on the ultra plush and quick models from the likes of Tesla, Audi, and Jaguar, there is a lot of work being done for electric delivery vans. The combination of reduced maintenance, low fuel costs, and an abundance of torque to deal with heavy loads make them a perfect to do deliveries in urban areas. Rivian is the most-well known player here with plans to build out a fleet of electric vans for Amazon. Another player is ready to join the fight. Reuters reported yesterday that General Motors is working on a electric van for the commercial market. Five sources reveal that the van - codenamed BV1 - is expected to go into production late next year. It is expected to use Ultium battery technology that GM first talked about back in March. Utilizing this could solve one of the big issues with EVs, price. By switching Cobalt (expensive) for Aluminum (less expensive), GM says it will drop the cost of a battery to $100 per kilowatt-hour - making it around the same cost as regular gas powered van. Analysis done last year put the kilowatt-hour cost of a battery at $159. One item still being debated internally is whether the van will be sold as Chevrolet, GMC, or a new brand. When asked by Reuters, GM said it is “committed to an all-electric future and is implementing a multi-segment, scalable EV strategy to get there. At this time, we do not have any announcements to make regarding electric commercial vehicles.” GM isn't the only company getting on the electric van train. Ford has announced plans for an electric version of the Transit to launch in 2022, and British startup Arrival which has the backing of Hyundai, currently has an order of 10,000 vans from UPS. Source: Reuters View full article
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On Wednesday, General Motors invited a number of media to their tech center in Warren, MI for their EV Day event. The company is making a big bet on electric vehicles with 11 new vehicles rolling out by 2025, featuring a new electric modular platform and battery tech. Here's what we know. Third-Generation Electric Vehicle Platform Underpinning this massive push is GM's new third-generation EV platform (BEV3). The new platform was designed to provide flexibility for different vehicle types - ranging from compact cars to pickup trucks. Battery packs are designed to be mounted beneath the passenger compartment to allow for a lower center of gravity. This results in more passenger room and improved handling. The platform also allows for different drive configurations - front, rear, or all-wheel drive - depending on the vehicle. Ultium Battery Technology Providing the electric power for these new models is what GM calls Ultium batteries. Working together with its battery partner LG Chem, the Ultium batteries are large-format, pouch-style cells that can either be stacked vertically or horizontally in packs. This will allow more flexibility for engineers to design battery packs for vehicles. More important is the chemistry of the batteries. GM has reduced the amount Cobalt - an element used in the making of batteries that is becoming harder to find and expensive - by seventy percent. Instead, the batteries are using aluminum. This will hopefully bring down the price of the battery packs. Battery capacity will range from 50 to 200 kilowatt hours - giving a projected max range of 400 miles depending on the vehicle. Level II and DC fast-charging are both supported. The Vehicles At the event, GM had 10 vehicles on display and one shown via digital renderings. The current plan is to start launching the new models beginning later this year. Updated Chevrolet Bolt: The first vehicle to be launched in this offensive. It will get an updated interior with a more premium dash. Chevrolet Bolt EUV: The crossover-variant of the Bolt, it is about five-inches longer and rides on a wheelbase that has been stretched by three inches. An updated roofline reportedly eliminates the small front windows on the Bolt. The EUV will also be the first model outside of Cadillac to get Super Cruise. Chevrolet Midsize Crossover: About the same size as the Blazer, this model has an aggressive design and features a low roofline. A pair of 18-inch multimedia displays dominate the interior. Chevrolet Full-Size Truck: This was the model only shown in digital renderings according to those who were at the event. It will complement the Silverado and be aimed at those who want something to be used on a job site - not like the upcoming GMC Hummer Truck or Rivian which are aimed more at lifestyle folks. This model is expected to arrive in 2025. Buick Crossover and SUV: These two models didn't have a name and were wearing a design that was described by the Detroit Free Press as a "vaguely European look". GMC Hummer Truck: This will only be available in a crew-cab configuration with a five-foot bed. The design will be utilitarian and boxy. Inside, two large screens will serve as the instrument cluster and infotainment system. Don't expect any leather as many of materials used inside will be made from recycled materials. The truck will also have removable roof panels (like the Jeep Wrangler, that can be stored in the front trunk. GMC Hummer SUV: Basically the same as the truck, albeit using a shorter wheelbase. Cadillac Lyriq: We have seen teasers of this model last year and Cadillac dropped another this week showing off the silhouette - reminding us some crossovers from Jaguar and Porsche. The vehicle is wide and rides on 23-inch wheels. Size-wise, it is similar to the XT5. The interior boasts a 34-inch-wide high-def screen and seating for four, though the production model may have seating for five. Cadillac Celestiq: A new four-door flagship sedan that has a long front end and a fastback rear according to those who saw the clay model. It will be hand-built and carry a six-figure pricetag. Cadillac Large SUV: About the size of an Escalade, it be complementary vehicle to it. The model will have a more traditional design than the other Cadillac EVs. Inside, it will boast large screens up front and three-rows of seating. Source: Roadshow, Detroit Free Press, The Drive, General Motors Press Release is on Page 2 GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio WARREN, Mich. – Starting today, General Motors Co. (NYSE: GM) is gathering hundreds of employees, dealers, investors, analysts, media and policymakers to share details of its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably. “Our team accepted the challenge to transform product development at GM and position our company for an all-electric future,” said Mary Barra, GM chairman and CEO. “What we have done is build a multi-brand, multi-segment EV strategy with economies of scale that rival our full-size truck business with much less complexity and even more flexibility.” The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. They will allow the company to compete for nearly every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine. “Thousands of GM scientists, engineers and designers are working to execute an historic reinvention of the company,” said GM President Mark Reuss. “They are on the cusp of delivering a profitable EV business that can satisfy millions of customers.” Ultium Batteries and Propulsion System Highlights GM’s new Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design. Ultium energy options range from 50 to 200 kWh, which could enable a GM-estimated range up to 400 miles or more on a full charge with 0 to 60 mph acceleration as low as 3 seconds. Motors designed in-house will support front-wheel drive, rear-wheel drive, all-wheel drive and performance all-wheel drive applications. Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while our truck platform will have 800-volt battery packs and 350 kW fast-charging capability. GM’s flexible, modular approach to EV development will drive significant economies of scale and create new revenue opportunities, including: Continuous Improvement in Battery Costs: GM’s joint venture with LG Chem will drive battery cell costs below $100/kWh. The cells use a proprietary low cobalt chemistry and ongoing technological and manufacturing breakthroughs will drive costs even lower. Flexibility: GM’s all-new global platform is flexible enough to build a wide range of trucks, SUVs, crossovers, cars and commercial vehicles with outstanding design, performance, packaging, range and affordability. Capital Efficiency: GM can spend less capital to scale its EV business because it is able to leverage existing property, including land, buildings, tools and production equipment such as body shops and paint shops. Complexity Reduction: The vehicle and propulsion systems were designed together to minimize complexity and part counts beyond today’s EVs, which are less complex than conventional vehicles powered by internal combustion engines. For example, GM plans 19 different battery and drive unit configurations initially, compared with 550 internal combustion powertrain combinations available today. Rising Customer Acceptance: Third-party forecasters expect U.S. EV volumes to more than double from 2025 to 2030 to about 3 million units on average. GM believes volumes could be materially higher as more EVs are launched in popular segments, charging networks grow and the total cost of ownership to consumers continues to fall. New Sources of Revenue: By vertically integrating the manufacture of battery cells, the company can reach beyond its own fleet and license technology to others. The first generation of GM’s future EV program will be profitable. The initial programs will pave the way for further accretive growth. GM’s technology can be scaled to meet customer demand much higher than the more than 1 million global sales the company expects mid-decade. Upcoming Launches and Reveals Chevrolet, Cadillac, GMC and Buick will all be launching new EVs starting this year. The next new Chevrolet EV will be a new version of the Bolt EV, launching in late 2020, followed by the 2022 Bolt EUV, launching Summer 2021. The Bolt EUV will be the first vehicle outside of the Cadillac brand to feature Super Cruise, the industry's first true hands-free driving technology for the highway, which GM will expand to 22 vehicles by 2023, including 10 by next year. The Cruise Origin, a self-driving, electric shared vehicle, shown to the public in January 2020 in San Francisco, was the first product revealed using GM’s third generation EV platform and Ultium batteries. Next will be the Cadillac Lyriq luxury SUV in April. Details about its launch will be shared then. The reveal of the Ultium-powered GMC HUMMER EV will follow on May 20. Production is expected to begin in Fall 2021 at GM’s Detroit-Hamtramck assembly plant, GM’s first assembly plant 100 percent dedicated to EV production.- 282 comments
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On Wednesday, General Motors invited a number of media to their tech center in Warren, MI for their EV Day event. The company is making a big bet on electric vehicles with 11 new vehicles rolling out by 2025, featuring a new electric modular platform and battery tech. Here's what we know. Third-Generation Electric Vehicle Platform Underpinning this massive push is GM's new third-generation EV platform (BEV3). The new platform was designed to provide flexibility for different vehicle types - ranging from compact cars to pickup trucks. Battery packs are designed to be mounted beneath the passenger compartment to allow for a lower center of gravity. This results in more passenger room and improved handling. The platform also allows for different drive configurations - front, rear, or all-wheel drive - depending on the vehicle. Ultium Battery Technology Providing the electric power for these new models is what GM calls Ultium batteries. Working together with its battery partner LG Chem, the Ultium batteries are large-format, pouch-style cells that can either be stacked vertically or horizontally in packs. This will allow more flexibility for engineers to design battery packs for vehicles. More important is the chemistry of the batteries. GM has reduced the amount Cobalt - an element used in the making of batteries that is becoming harder to find and expensive - by seventy percent. Instead, the batteries are using aluminum. This will hopefully bring down the price of the battery packs. Battery capacity will range from 50 to 200 kilowatt hours - giving a projected max range of 400 miles depending on the vehicle. Level II and DC fast-charging are both supported. The Vehicles At the event, GM had 10 vehicles on display and one shown via digital renderings. The current plan is to start launching the new models beginning later this year. Updated Chevrolet Bolt: The first vehicle to be launched in this offensive. It will get an updated interior with a more premium dash. Chevrolet Bolt EUV: The crossover-variant of the Bolt, it is about five-inches longer and rides on a wheelbase that has been stretched by three inches. An updated roofline reportedly eliminates the small front windows on the Bolt. The EUV will also be the first model outside of Cadillac to get Super Cruise. Chevrolet Midsize Crossover: About the same size as the Blazer, this model has an aggressive design and features a low roofline. A pair of 18-inch multimedia displays dominate the interior. Chevrolet Full-Size Truck: This was the model only shown in digital renderings according to those who were at the event. It will complement the Silverado and be aimed at those who want something to be used on a job site - not like the upcoming GMC Hummer Truck or Rivian which are aimed more at lifestyle folks. This model is expected to arrive in 2025. Buick Crossover and SUV: These two models didn't have a name and were wearing a design that was described by the Detroit Free Press as a "vaguely European look". GMC Hummer Truck: This will only be available in a crew-cab configuration with a five-foot bed. The design will be utilitarian and boxy. Inside, two large screens will serve as the instrument cluster and infotainment system. Don't expect any leather as many of materials used inside will be made from recycled materials. The truck will also have removable roof panels (like the Jeep Wrangler, that can be stored in the front trunk. GMC Hummer SUV: Basically the same as the truck, albeit using a shorter wheelbase. Cadillac Lyriq: We have seen teasers of this model last year and Cadillac dropped another this week showing off the silhouette - reminding us some crossovers from Jaguar and Porsche. The vehicle is wide and rides on 23-inch wheels. Size-wise, it is similar to the XT5. The interior boasts a 34-inch-wide high-def screen and seating for four, though the production model may have seating for five. Cadillac Celestiq: A new four-door flagship sedan that has a long front end and a fastback rear according to those who saw the clay model. It will be hand-built and carry a six-figure pricetag. Cadillac Large SUV: About the size of an Escalade, it be complementary vehicle to it. The model will have a more traditional design than the other Cadillac EVs. Inside, it will boast large screens up front and three-rows of seating. Source: Roadshow, Detroit Free Press, The Drive, General Motors Press Release is on Page 2 GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio WARREN, Mich. – Starting today, General Motors Co. (NYSE: GM) is gathering hundreds of employees, dealers, investors, analysts, media and policymakers to share details of its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably. “Our team accepted the challenge to transform product development at GM and position our company for an all-electric future,” said Mary Barra, GM chairman and CEO. “What we have done is build a multi-brand, multi-segment EV strategy with economies of scale that rival our full-size truck business with much less complexity and even more flexibility.” The heart of GM’s strategy is a modular propulsion system and a highly flexible, third-generation global EV platform powered by proprietary Ultium batteries. They will allow the company to compete for nearly every customer in the market today, whether they are looking for affordable transportation, a luxury experience, work trucks or a high-performance machine. “Thousands of GM scientists, engineers and designers are working to execute an historic reinvention of the company,” said GM President Mark Reuss. “They are on the cusp of delivering a profitable EV business that can satisfy millions of customers.” Ultium Batteries and Propulsion System Highlights GM’s new Ultium batteries are unique in the industry because the large-format, pouch-style cells can be stacked vertically or horizontally inside the battery pack. This allows engineers to optimize battery energy storage and layout for each vehicle design. Ultium energy options range from 50 to 200 kWh, which could enable a GM-estimated range up to 400 miles or more on a full charge with 0 to 60 mph acceleration as low as 3 seconds. Motors designed in-house will support front-wheel drive, rear-wheel drive, all-wheel drive and performance all-wheel drive applications. Ultium-powered EVs are designed for Level 2 and DC fast charging. Most will have 400-volt battery packs and up to 200 kW fast-charging capability while our truck platform will have 800-volt battery packs and 350 kW fast-charging capability. GM’s flexible, modular approach to EV development will drive significant economies of scale and create new revenue opportunities, including: Continuous Improvement in Battery Costs: GM’s joint venture with LG Chem will drive battery cell costs below $100/kWh. The cells use a proprietary low cobalt chemistry and ongoing technological and manufacturing breakthroughs will drive costs even lower. Flexibility: GM’s all-new global platform is flexible enough to build a wide range of trucks, SUVs, crossovers, cars and commercial vehicles with outstanding design, performance, packaging, range and affordability. Capital Efficiency: GM can spend less capital to scale its EV business because it is able to leverage existing property, including land, buildings, tools and production equipment such as body shops and paint shops. Complexity Reduction: The vehicle and propulsion systems were designed together to minimize complexity and part counts beyond today’s EVs, which are less complex than conventional vehicles powered by internal combustion engines. For example, GM plans 19 different battery and drive unit configurations initially, compared with 550 internal combustion powertrain combinations available today. Rising Customer Acceptance: Third-party forecasters expect U.S. EV volumes to more than double from 2025 to 2030 to about 3 million units on average. GM believes volumes could be materially higher as more EVs are launched in popular segments, charging networks grow and the total cost of ownership to consumers continues to fall. New Sources of Revenue: By vertically integrating the manufacture of battery cells, the company can reach beyond its own fleet and license technology to others. The first generation of GM’s future EV program will be profitable. The initial programs will pave the way for further accretive growth. GM’s technology can be scaled to meet customer demand much higher than the more than 1 million global sales the company expects mid-decade. Upcoming Launches and Reveals Chevrolet, Cadillac, GMC and Buick will all be launching new EVs starting this year. The next new Chevrolet EV will be a new version of the Bolt EV, launching in late 2020, followed by the 2022 Bolt EUV, launching Summer 2021. The Bolt EUV will be the first vehicle outside of the Cadillac brand to feature Super Cruise, the industry's first true hands-free driving technology for the highway, which GM will expand to 22 vehicles by 2023, including 10 by next year. The Cruise Origin, a self-driving, electric shared vehicle, shown to the public in January 2020 in San Francisco, was the first product revealed using GM’s third generation EV platform and Ultium batteries. Next will be the Cadillac Lyriq luxury SUV in April. Details about its launch will be shared then. The reveal of the Ultium-powered GMC HUMMER EV will follow on May 20. Production is expected to begin in Fall 2021 at GM’s Detroit-Hamtramck assembly plant, GM’s first assembly plant 100 percent dedicated to EV production. View full article
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QUARTER 4 (CALENDAR YEAR-TO-DATE) JANUARY - DECEMBER 2019 2018 %Change Volume 2019 2018 %Change Volume Cascada 77 743 -89.6 2,535 4,136 -38.7 Enclave 10,143 14,420 -29.7 51,156 49,647 3.0 Encore 28,497 23,326 22.2 102,402 93,073 10.0 Envision 8,380 7,535 11.2 33,229 30,152 10.2 LaCrosse 463 2,118 -78.1 7,241 15,527 -53.4 Regal 1,514 3,110 -51.3 10,363 14,118 -26.6 Buick Total 49,074 51,257 -4.3 206,929 206,863 0.0 ATS 83 831 -90.0 1,134 10,859 -89.6 CT5 43 0 ***.* 43 0 ***.* CT6 2,276 2,398 -5.1 7,951 9,668 -17.8 CTS 966 2,442 -60.4 6,965 11,219 -37.9 Escalade 8,889 9,573 -7.1 35,424 36,872 -3.9 XT4 8,895 7,573 17.5 31,987 7,785 310.9 XT5 11,168 13,582 -17.8 49,879 60,565 -17.6 XT6 7,169 0 ***.* 11,559 0 ***.* XTS 1,062 5,063 -79.0 11,304 17,727 -36.2 Cadillac Total 40,551 41,462 -2.2 156,246 154,702 1.0 Blazer 23,008 27 ***.* 58,115 27 ***.* Bolt EV 3,307 6,212 -46.8 16,418 18,019 -8.9 Camaro 11,474 11,135 3.0 48,265 50,963 -5.3 Colorado 25,484 30,004 -15.1 122,304 134,842 -9.3 Corvette 3,491 3,910 -10.7 17,988 18,791 -4.3 Cruze 2,699 32,955 -91.8 47,975 142,617 -66.4 Equinox 92,092 98,239 -6.3 346,048 332,618 4.0 Express 16,652 22,543 -26.1 77,457 81,239 -4.7 Impala 9,545 12,604 -24.3 44,978 56,556 -20.5 LCF 1,273 940 35.4 4,495 2,810 60.0 Malibu 34,314 37,084 -7.5 131,917 144,542 -8.7 Silverado HD 36,704 34,222 7.3 131,953 142,632 -7.5 Silverado LD 124,619 126,950 -1.8 438,686 442,943 -1.0 Silverado MD 2,018 6 ***.* 4,961 6 ***.* Sonic 3,339 2,765 20.8 13,971 20,613 -32.2 Spark 11,016 5,174 112.9 31,281 23,602 32.5 Suburban 10,242 15,200 -32.6 51,928 60,633 -14.4 Tahoe 21,086 24,679 -14.6 101,189 104,153 -2.8 Traverse 33,631 39,536 -14.9 147,122 146,534 0.4 Trax 33,039 22,378 47.6 116,816 89,916 29.9 Volt 370 5,063 -92.7 4,910 18,306 -73.2 Chevrolet Total 499,404 531,985 -6.1 1,958,925 2,036,023 -3.8 Acadia 19,471 25,128 -22.5 99,429 88,621 12.2 Canyon 6,525 8,219 -20.6 32,825 33,492 -2.0 Savana 3,136 2,905 8.0 24,226 19,684 23.1 Sierra HD 18,228 16,550 10.1 59,871 60,389 -0.9 Sierra LD 50,494 50,762 -0.5 172,452 159,165 8.3 Terrain 28,060 31,595 -11.2 101,470 114,314 -11.2 Yukon 20,966 25,366 -17.3 74,673 80,784 -7.6 GMC Total 146,880 160,525 -8.5 564,946 556,449 1.5 GM Vehicle Total* 735,909 785,229 -6.3 2,887,046 2,954,037 -2.3 78 selling days for the QUARTER 4 this year and 77 for same QUARTER last year.
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GM and LG Chem Join Up For Battery Factory In Lordstown
Drew Dowdell posted an article in General Motors
General Motors and LG Chem are joining forces to invest $2.3 billion in a new battery plant near its old Lordstown Assembly complex in Lordstown, Ohio. The deal is a 50/50 partnership between GM and LG Chem and will create 1,100 jobs in the area. Construction of the plant will begin mid-2020 at a greenfield former manufacturing site. The employees will work for the joint-venture and will not be direct GM employees. Initially, the plant will solely supply batteries for GM vehicles, though with a maximum capacity of 30 gigawatt-hours annually, the company could expand to supply other manufacturers as well. GM and LG Chem are forming this joint venture in an attempt to bring down the unit cost of batteries for future vehicles. The plant's capacity, once completed, will be among the largest in the world. General Motors has said it wants to introduce 20 electric vehicles globally by 2023.- 5 comments
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General Motors and LG Chem are joining forces to invest $2.3 billion in a new battery plant near its old Lordstown Assembly complex in Lordstown, Ohio. The deal is a 50/50 partnership between GM and LG Chem and will create 1,100 jobs in the area. Construction of the plant will begin mid-2020 at a greenfield former manufacturing site. The employees will work for the joint-venture and will not be direct GM employees. Initially, the plant will solely supply batteries for GM vehicles, though with a maximum capacity of 30 gigawatt-hours annually, the company could expand to supply other manufacturers as well. GM and LG Chem are forming this joint venture in an attempt to bring down the unit cost of batteries for future vehicles. The plant's capacity, once completed, will be among the largest in the world. General Motors has said it wants to introduce 20 electric vehicles globally by 2023. View full article
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GM's Lordstown facility has been sold to startup Lordstown Motors. Lordstown Motors will produce the Workhorse Endurance pickup truck, an all-electric truck, at the site. The Endurance has all-wheel drive via 4 motors, one for each wheel. It also has outlets to allow for the use of power tools. Workhorse is also in the bidding to make plug-in mail trucks for the U.S. Postal Service. Workhorse has 6,000 orders for a truck based on the W-15 Prototype, and those orders would be moved to Lordstown for production. Workhorse is targeting fleet buyers. With fewer moving parts and lower fuel costs, it could translate to lower cost-to-own for fleet operators. Lordstown Motors still needs to go through several more rounds of fund raising in order to continue development, conduct safety testing, and retool the plant for production. -
GM's Lordstown facility has been sold to startup Lordstown Motors. Lordstown Motors will produce the Workhorse Endurance pickup truck, an all-electric truck, at the site. The Endurance has all-wheel drive via 4 motors, one for each wheel. It also has outlets to allow for the use of power tools. Workhorse is also in the bidding to make plug-in mail trucks for the U.S. Postal Service. Workhorse has 6,000 orders for a truck based on the W-15 Prototype, and those orders would be moved to Lordstown for production. Workhorse is targeting fleet buyers. With fewer moving parts and lower fuel costs, it could translate to lower cost-to-own for fleet operators. Lordstown Motors still needs to go through several more rounds of fund raising in order to continue development, conduct safety testing, and retool the plant for production. View full article
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General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Both plants were forced to shut down due to parts shortages caused by striking workers in the U.S. View full article
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General Motors' lost $2.9 billion in profit due to the strike according to the company's Q3 earnings report released Tuesday. That number exceeded analyst estimates by $900 million. In the final two weeks of the strike, as further plants had to be shut down due to parts shortages, the company lost $750 million. The total loss is about $2.00 per share. The stock is up 4.71 percent over Monday's close at the time of this writing. The strike hit 31 factories and 21 other facilities including plants in Canada and Mexico which build the Chevrolet Equinox and Chevrolet Blazer respectively. Both plants were forced to shut down due to parts shortages caused by striking workers in the U.S. -
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The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The new agreement includes: No increase in healthcare contribution, retaining the current 3% rate 3% wage increases or 4% lump sum payments each of the 4 years of the contract $11,000 signing bonus to union employees, $4,500 for temporary employees $7.7 billion in investments in U.S. manufacturing plants, including Detroit-Hamtramck, a plant originally slated for closure Enhanced employee profit sharing with no cap A clear path for temporary employees to become permanent after three years of service beginning January 2020. -
The UAW has announced that their membership has ratified the new 4-year contract deal with General Motors 23,389 to 17,501. Roughly 46,000 union members will receive an $11,000 ratification bonus while temporary workers will get $4,500. According to GM, work is to resume Monday with the first shift, however GM was attempting to get volunteers to start production earlier on Saturday and Sunday at Flint Assembly and Fort Wayne Assembly where the GMC Sierra and Chevrolet Silverado are built. The strike, which lasted roughly 6 weeks, cost the company $450 million per week. The new agreement includes: No increase in healthcare contribution, retaining the current 3% rate 3% wage increases or 4% lump sum payments each of the 4 years of the contract $11,000 signing bonus to union employees, $4,500 for temporary employees $7.7 billion in investments in U.S. manufacturing plants, including Detroit-Hamtramck, a plant originally slated for closure Enhanced employee profit sharing with no cap A clear path for temporary employees to become permanent after three years of service beginning January 2020. View full article
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As part of General Motors' tentative agreement with the United Auto Workers, there is a planned $3 billion investment into the Detroit-Hamtramck plant to make electric trucks, SUVs, and vans. The program, called BT1 is part of a larger $7.7 billion investment in GM's plants over the next four years. The BT1 program includes an electric truck for GMC and an electric SUV for Cadillac for the 2023 model year. But before that happens, in 2021 a low volume BT1 pickup will start production under a different brand while a performance truck follows in 2022, and then an electric SUV in 2023. Rumor has it that these low volume BT1 vehicles could be sold under the Hummer brand, not used since 2010, but that decision has not been finalized. If GM did bring the Hummer brand back as an EV brand, it would have instant name brand recognition and a leg up on rival startup Rivian who has a truck due out in 2020. GM would not need to spend as much money to market the brand. The vehicles on the new BT1 platform would use a "skateboard" architecture that bundles the batteries and electric motor together. The architecture is highly flexible allowing GM to build vehicles in front, rear, or all-wheel drive configurations.- 17 comments
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As part of General Motors' tentative agreement with the United Auto Workers, there is a planned $3 billion investment into the Detroit-Hamtramck plant to make electric trucks, SUVs, and vans. The program, called BT1 is part of a larger $7.7 billion investment in GM's plants over the next four years. The BT1 program includes an electric truck for GMC and an electric SUV for Cadillac for the 2023 model year. But before that happens, in 2021 a low volume BT1 pickup will start production under a different brand while a performance truck follows in 2022, and then an electric SUV in 2023. Rumor has it that these low volume BT1 vehicles could be sold under the Hummer brand, not used since 2010, but that decision has not been finalized. If GM did bring the Hummer brand back as an EV brand, it would have instant name brand recognition and a leg up on rival startup Rivian who has a truck due out in 2020. GM would not need to spend as much money to market the brand. The vehicles on the new BT1 platform would use a "skateboard" architecture that bundles the batteries and electric motor together. The architecture is highly flexible allowing GM to build vehicles in front, rear, or all-wheel drive configurations. View full article
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The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will receive raises to at least $32.32 by the end of the contract term Wages subject to increases of 3% a year New hires reach full pay in 4-years instead of the current 8-years $11,000 signing bonus for full-time hourly workers Detroit-Hamtramck (Cadillac CT6, Chevrolet Impala) remains open. Lordstown and two transmission plants in Maryland and Michigan remain closed. Employees from closed plants can retire early or opt for a $75,000 buyout. Workers who retire early will receive a $60,000 bonus and start collecting pension in January or February. View full article
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The UAW has been striking against General Motors for 31 days, the longest work stoppage since the 1970s. Now news comes that GM and the Union have reached a tentative agreement and the union council will vote today on whether to end the walkout of 46,000 workers or wait until the agreement is ratified by union members. The Union and GM plan to discuss the deal after the vote has taken place. We will update this article as more news comes. Update 1:20 pm: Healthcare remains as-is. Temporary employees have a path to full employment All current hourly workers will receive raises to at least $32.32 by the end of the contract term Wages subject to increases of 3% a year New hires reach full pay in 4-years instead of the current 8-years $11,000 signing bonus for full-time hourly workers Detroit-Hamtramck (Cadillac CT6, Chevrolet Impala) remains open. Lordstown and two transmission plants in Maryland and Michigan remain closed. Employees from closed plants can retire early or opt for a $75,000 buyout. Workers who retire early will receive a $60,000 bonus and start collecting pension in January or February. -
Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing bonus per member to accept the deal. The primary issues are GM's use of temporary workers and the slated closure of a number of plants. If a proposal is reached, the union has to take the proposal to the GM-UAW council and then to team members to approve. It usually takes two weeks for that process, but could be expedited if the UAW decides to keep striking during the voting process. This is the first national strike against GM since 2007 and the longest since the 1970s. The strike is estimated to be costing General Motors $50 million a day. View full article
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Negotiators have been meeting daily since the UAW went on strike on September 16th and according to sources, the two sides are nearing a deal as talks have intensified over the last 48 hours. All of the issues have reached the "Main Table" and are out of subcommittee which is a sign that a deal is imminent. The initial offer from GM included $7 billion in investments in eight of its US facilities, while also adding 5,400 new jobs. The UAW rejected the initial offer saying that it wasn't enough in terms of pay raises, healthcare, and tenure requirements. GM also offered an $8,000 signing bonus per member to accept the deal. The primary issues are GM's use of temporary workers and the slated closure of a number of plants. If a proposal is reached, the union has to take the proposal to the GM-UAW council and then to team members to approve. It usually takes two weeks for that process, but could be expedited if the UAW decides to keep striking during the voting process. This is the first national strike against GM since 2007 and the longest since the 1970s. The strike is estimated to be costing General Motors $50 million a day. -
QUARTER 3 (CALENDAR YEAR-TO-DATE) JANUARY - SEPTEMBER 2019 2018 %Change Volume 2019 2018 %Change Volume Cascada 400 1,101 -63.7 2,458 3,393 -27.6 Enclave 13,274 12,807 3.6 41,013 35,227 16.4 Encore 25,008 21,112 18.5 73,905 69,747 6.0 Envision 8,088 5,803 39.4 24,849 22,617 9.9 LaCrosse 1,389 2,290 -39.3 6,778 13,409 -49.5 Regal 2,456 2,793 -12.1 8,849 11,008 -19.6 Buick Total 50,615 45,911 10.2 157,855 155,606 1.4 ATS 158 2,281 -93.1 1,051 10,028 -89.5 CT6 1,625 2,376 -31.6 5,675 7,270 -21.9 CTS 1,128 3,695 -69.5 5,999 8,777 -31.7 Escalade 10,284 9,533 7.9 26,535 27,299 -2.8 XT4 8,986 212 ***.* 23,092 212 ***.* XT5 12,315 15,093 -18.4 38,711 46,983 -17.6 XT6 4,316 0 ***.* 4,390 0 ***.* XTS 1,149 4,101 -72.0 10,242 12,664 -19.1 Cadillac Total 39,961 37,291 7.2 115,695 113,240 2.2 Blazer 20,312 0 ***.* 35,107 0 ***.* Bolt EV 4,830 3,949 22.3 13,111 11,807 11.0 Camaro 12,275 14,448 -15.0 36,791 39,828 -7.6 Colorado 31,657 34,963 -9.5 96,820 104,838 -7.6 Corvette 4,766 4,639 2.7 14,497 14,881 -2.6 Cruze 5,799 31,971 -81.9 45,276 109,662 -58.7 Equinox 79,799 78,014 2.3 253,956 234,379 8.4 Express 22,062 17,509 26.0 60,805 58,696 3.6 Impala 9,638 16,290 -40.8 35,433 43,952 -19.4 LCF 1,358 584 132.5 3,222 1,870 72.3 Malibu 32,432 31,041 4.5 97,603 107,458 -9.2 Silverado HD 34,212 31,939 7.1 95,249 108,410 -12.1 Silverado LD 119,641 101,390 18.0 314,067 315,993 -0.6 Silverado MD 1,629 0 ***.* 2,943 0 ***.* Sonic 2,148 7,283 -70.5 10,632 17,848 -40.4 Spark 6,616 7,029 -5.9 20,265 18,428 10.0 Suburban 12,391 15,572 -20.4 41,686 45,433 -8.2 Tahoe 26,308 28,951 -9.1 80,103 79,474 0.8 Traverse 41,116 32,908 24.9 113,491 106,998 6.1 Trax 37,407 20,549 82.0 83,777 67,538 24.0 Volt 874 5,429 -83.9 4,540 13,243 -65.7 Chevrolet Total 507,273 485,019 4.6 1,459,521 1,504,038 -3.0 Acadia 20,338 13,485 50.8 79,958 63,493 25.9 Canyon 7,437 8,425 -11.7 26,300 25,273 4.1 Savana 5,021 4,815 4.3 21,090 16,779 25.7 Sierra HD 18,455 16,817 9.7 41,643 43,839 -5.0 Sierra LD 47,743 34,551 38.2 121,958 108,403 12.5 Terrain 23,058 27,428 -15.9 73,410 82,719 -11.3 Yukon 18,737 20,896 -10.3 53,707 55,418 -3.1 GMC Total 140,789 126,417 11.4 418,066 395,924 5.6 GM Vehicle Total* 738,638 694,638 6.3 2,151,137 2,168,808 -0.8 76 selling days for the third quarter this year and 76 for same quarter last year.
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Lordstown Motors, the outfit affiliated with the hybrid truck manufacturer Workhorse is still aiming to buy the Lordstown assembly facility from General Motors. They have been in talks with GM since the summer and are aiming to build their headquarters in Lordstown because of the availability of the workforce. It would not just include manufacturing, but sales, human resources, and engineering positions would be there too. The plant would be a hub for electric vehicle manufacturing. They want to design and supply EV components not just to GM, but to many manufacturers. Wiring harnesses, electric motors, and other components would all be manufactured at the plant alongside the trucks they intend to build. Along with the workers, LM says that the existing GM supply chain is an advantage as well. Hyperion, a company preparing hydrogen fuel cell vehicles, has signed on as a partner. They are preparing their prototypes and will likely be shown to the public sometime next year. One hiccup now is the talks between the UAW and General Motors. As part of the deal in the works, GM would re-open Lordstown as a battery plant. If that happens, Lordstown Motors would need to find another local facility to locate themselves. View full article
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Lordstown Motors, the outfit affiliated with the hybrid truck manufacturer Workhorse is still aiming to buy the Lordstown assembly facility from General Motors. They have been in talks with GM since the summer and are aiming to build their headquarters in Lordstown because of the availability of the workforce. It would not just include manufacturing, but sales, human resources, and engineering positions would be there too. The plant would be a hub for electric vehicle manufacturing. They want to design and supply EV components not just to GM, but to many manufacturers. Wiring harnesses, electric motors, and other components would all be manufactured at the plant alongside the trucks they intend to build. Along with the workers, LM says that the existing GM supply chain is an advantage as well. Hyperion, a company preparing hydrogen fuel cell vehicles, has signed on as a partner. They are preparing their prototypes and will likely be shown to the public sometime next year. One hiccup now is the talks between the UAW and General Motors. As part of the deal in the works, GM would re-open Lordstown as a battery plant. If that happens, Lordstown Motors would need to find another local facility to locate themselves.
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