General Motors on Tuesday reported pretax profit gains of $1 billion in the fourth quarter to $3.79 billion. For the full-year, pretax profits rose to $14.5 billion compared with $14.3 billion in 2021. GM’s overall gains came from improved inventory of pickups and SUVs as parts constrictions eased. GM sold a total of 1.1 million… Continue reading GM beats expectations for Q4 and full-year profits, sees continued gains in 2023
Author: Detroit Free Press Online
UAW presidential candidate says rank-and-file members believe leadership abandoned them
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GM begins production of 2024 GMC Hummer SUV in Detroit
General Motors started production Monday of the second electric vehicle in the Hummer family: The 2024 GMC Hummer SUV. That vehicle will hit dealership lots later in the first quarter. GM’s Global Vice President of Buick GMC Duncan Aldred sat down with the media Monday as the first Hummer SUV rolled off the line at… Continue reading GM begins production of 2024 GMC Hummer SUV in Detroit
GM hires former Tesla executive Zach Kirkman for corporate development role
General Motors has hired the former head of electric carmaker Tesla’s corporate development. GM’s CFO Paul Jacobson announced the news on his LinkedIn account Monday writing, “I’m pleased to share Zach Kirkman has joined GM as Vice President, Corporate Development and Global Mergers & Acquisitions. Previously serving as Head of Corporate Development, Mergers & Acquisitions… Continue reading GM hires former Tesla executive Zach Kirkman for corporate development role
Ford recalls 2020-23 Explorer, Lincoln Aviator, 2020-22 Corsair for defective camera
Ford Motor Co. ended 2022 struggling to cut its high recall and warranty costs, and the automaker now has a major recall in the first month of the new year posted by the National Highway Traffic Safety Administration. A total of 382,759 SUV owners in the U.S. are asked to seek repair of a defective… Continue reading Ford recalls 2020-23 Explorer, Lincoln Aviator, 2020-22 Corsair for defective camera
Ford cuts Mach-E price to compete with Tesla, offers deal to recent buyers too
Ford Motor Co. announced Monday that it’s dropping the price of the 2023 Mustang Mach-E SUV from $600 to $5,900 depending on the model, just weeks after its primary competitor Tesla also cut the cost of its electric vehicles (EVs). “We’re not going to cede ground to anyone,” Marin Gjaja, chief customer officer for Ford… Continue reading Ford cuts Mach-E price to compete with Tesla, offers deal to recent buyers too
Toyota, Lexus vehicles you can find on dealer lots right now
Toyota Motor North America briefly snagged the U.S. sales crown from General Motors for 2021 after the shortage of semiconductor chips severely hampered GM’s ability to build enough new vehicles to meet demand last year. The chip shortage persisted through 2021, but GM has managed to boost its sales and retain its U.S. leadership spot at… Continue reading Toyota, Lexus vehicles you can find on dealer lots right now
I saved nearly $37 vs. gasoline on my EV road trip. Most EV owners do better.
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Ford F-150 Lightning buyer shocked by dealer tactic
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Ford F-150 Lightning buyer shocked by dealer tactic
Women are spending thousands to trick out new Ford Broncos
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading Women are spending thousands to trick out new Ford Broncos