Category: US Motoring Press

Hummer EVs to influence GMC’s future buying process

Consumers looking to buy the new GMC Hummer EV pickup or SUV will be doing it online with minimal dealer involvement, directly from General Motors, for at least the next two years. After that, the retail shopping experience will “evolve” as GM rolls out more electric vehicles. The vehicles will make it to GMC dealership showrooms eventually, but… Continue reading Hummer EVs to influence GMC’s future buying process

GM unveils electric Hummer SUV topping $110,000

The 2024 GMC Hummer EV SUV and 2022 GMC Hummer EV sport utility truck, or SUT. GM DETROIT – General Motors unveiled an all-electric Hummer SUV Saturday that will top $110,000 when it goes on sale in 2023. The vehicle will be the stablemate to an upcoming Hummer pickup that’s scheduled to go on sale… Continue reading GM unveils electric Hummer SUV topping $110,000

GMC unveils 2024 Hummer EV SUV

Detroit — GMC virtually revealed the 2024 Hummer EV SUV on Saturday, another option in parent General Motors Co.’s electric lineup intended to help the automaker position itself as a leading EV maker.  The utility vehicle version of the all-electric Hummer debuted during a commercial film that ran during NCAA’s Final Four. The commercial is narrated by LeBron James, who also helped… Continue reading GMC unveils 2024 Hummer EV SUV

Tesla 1Q sales of 185K more than double last year’s numbers

Detroit — Tesla says it delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry. The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March. The company… Continue reading Tesla 1Q sales of 185K more than double last year’s numbers

Ford dealer: Cars are the new version of toilet paper panic

Despite only a slight increase in overall sales so far this year, it’s a new day in paradise, some Ford Motor Co. dealers said Thursday. Business for them has seen a dramatic uptick since the coronavirus pandemic shut down cities and dealerships across America. With safety protocols in place and used car prices up, new car… Continue reading Ford dealer: Cars are the new version of toilet paper panic

GM reports first-quarter sales gain, record prices despite tight inventory

General Motors reported Thursday its first-quarter new car sales inched up 4% in the United States on demand for full-size and midsized pickups and SUVs.   GM said it sold 642,250 total new vehicles in the first three months of  the year compared with 618,335 sold in the same period a year ago. GM also set a first-quarter record with average transaction… Continue reading GM reports first-quarter sales gain, record prices despite tight inventory

Ford CEO Jim Farley received $11.8 million in compensation in 2020

Ford Motor Co. CEO Jim Farley received $11.8 million in total compensation in 2020, the automaker reported in a Securities and Exchange Commission filing Thursday.  That’s pro-rated to include the time he spent as president of new business, technology and strategy through the end of February, COO through the end of September, and as CEO beginning in October, when he took over… Continue reading Ford CEO Jim Farley received $11.8 million in compensation in 2020

Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt

Volkswagen AG on Wednesday apologized for its announcement that it was renaming its U.S. operations “Voltswagen” — a marketing stunt that fooled some investors, analysts and journalists and sent shares up almost 9% on Tuesday. The German automaker’s stock closed down Wednesday, declining more than 3.6%. VW’s securities had been the hottest auto stock this month… Continue reading Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt