Category: US Motoring Press

GMC drops hints about electric Hummer pickup with help from LeBron James

CLOSE GMC will reveal details of its eagerly awaited Hummer electric sport truck later this year, including features like ‘crab mode’ and ‘adrenaline mode.’ Detroit Free Press GMC will reveal details of its eagerly awaited Hummer electric sport truck later this year, when the 1,000 horsepower four-door pickup is officially unveiled, but the automaker dropped hints… Continue reading GMC drops hints about electric Hummer pickup with help from LeBron James

LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car

CLOSE Stunning new convertible oozes luxury, but don’t mistake it for a sports car Detroit Free Press If a better looking car than the Lexus LC 500 convertible goes on sale this year, I’m not sure mortal eyes will be able to withstand the sight. Like those who stare too long at the sun, the… Continue reading LC 500 convertible takes Lexus style to new heights, but don’t mistake it for a sports car

GM to restore full pay for 69,000 workers — but CEO to keep salary cut

CLOSE In a show of confidence for the future despite the coronavirus pandemic, General Motors said it will restore full pay to its 69,000 salaried employees around the world sooner than the company had expected. But CEO Mary Barra and other senior leaders will continue to take pay deferrals: For Barra and the others,  that means a 10% reduction… Continue reading GM to restore full pay for 69,000 workers — but CEO to keep salary cut

GM to increase production at Fort Wayne truck plant

Detroit — General Motors Co. is increasing production at its Fort Wayne, Indiana, assembly plant in September to meet consumer demand for its pickups, according to a plant communication from Gary Duff, plant executive director.  In the July 28-dated communication obtained by The Detroit News, Duff wrote that the plant would increase daily production levels of… Continue reading GM to increase production at Fort Wayne truck plant

GM prodded to catch electric-car zeitgeist with name change

David Welch and Chester Dawson, Bloomberg Published 1:56 p.m. ET July 29, 2020 | Updated 2:02 p.m. ET July 29, 2020 General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something… Continue reading GM prodded to catch electric-car zeitgeist with name change

GM posts $800 million loss in 2Q, to end salary cuts

Detroit — General Motors Co. burned $7.8 billion in the second quarter navigating the coronavirus pandemic, but the Detroit automaker still beat Wall Street expectations and is hopeful it can pay down debt and generate cash going forward. GM reported a second-quarter income loss of nearly $800 million on revenue of $16.8 billion in the second quarter, even as it declined to provide guidance for… Continue reading GM posts $800 million loss in 2Q, to end salary cuts

Nissan expects second straight year of red ink amid outbreak

Yuri Kageyama, AP Business Writer Published 9:18 p.m. ET July 28, 2020 Tokyo – Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker’s sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up… Continue reading Nissan expects second straight year of red ink amid outbreak

Vehicles on the road keep getting older, and COVID could push the age higher

CLOSE The average age of a vehicle on U.S. roads has climbed to almost a dozen years. It’s part of a long-term trend of people holding on to their cars, trucks and SUVs longer, but the impact of the COVID-19 pandemic is expected to add even more pressure to this phenomenon, possibly pushing the average up… Continue reading Vehicles on the road keep getting older, and COVID could push the age higher