Driver Safety, Product Integrity and Value at the Heart of GM Fleet, GM Genuine Parts and ACDelco Initiative 2019-03-06 INDIANAPOLIS — General Motors Co. is launching an expansive initiative to help fleet managers protect the safety of their drivers, optimize vehicle performance and reliability, and support strong resale values, the company announced today at NTEA’s The… Continue reading Driver Safety, Product Integrity and Value at the Heart of GM Fleet, GM Genuine Parts and ACDelco Initiative
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Uber is buying Middle Eastern ride-sharing rival Careem for $3.1 billion
Uber has announced that it’s buying Careem, a rival ride-sharing service that operates across 98 cities in the Middle East, Africa, and southern Asia, for $3.1 billion. The New York Times notes that Careem will continue to operate as a separate brand, with a board of directors consisting of a mix of Uber and Careem… Continue reading Uber is buying Middle Eastern ride-sharing rival Careem for $3.1 billion
Ford is boosting SUV production and adding 550 jobs at Kentucky truck plant
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A worker builds a Ford Expedition SUV as it goes through the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky.
Ford said Tuesday it is boosting production of its Expedition and Lincoln Navigator sport utility vehicles and will be adding 550 new jobs at its Kentucky truck plant where it assembles the vehicles.
The automaker will also transfer roughly 500 workers from its nearby Louisville assembly plant to help handle the 20 percent increase in production, which is expected to begin in July.
The move indicates strong demand for the SUVs, which are based on the same platform and share many of the same features and parts.
Expedition sales rose 35 percent and gained 5.6 percentage points in market share in its segment last year. Customers paid an average of $62,700 for the SUV, about $11,700 more than the prior year. Sales of the Navigator, the more premium version of the two vehicles climbed 70 percent year over year to 17,839 units sold last year — it's best year since 2007.
The move also comes as Ford mulls cutbacks in its workforce elsewhere, particularly among salaried workers in the U.S. and different roles abroad, particularly in Europe. The automaker said last week it plans to cut about 5,000 jobs in Germany and an unspecified number in the United Kingdom. It also plans an unspecified number of cuts to its salaried U.S. workforce later this year. Ford said in 2018 it is undertaking an $11 billion plan to restructure its business and improve performance.
Shares of the second largest U.S. automaker have fallen 23 percent in the last 12 months, though they have risen more than 12 percent since the beginning of 2019, closing at $8.57 a share Monday. Its stock was up more than 2.5 percent in Tuesday's premarket.
In recent years, automakers have scrambled to keep pace with an ever intensifying shift away from more traditional passenger vehicles, such as sedans and compact cars, toward SUVs, pickup trucks and crossovers. Ford's cross-town rival General Motors has recently made headlines for its plans to idle sedan-heavy factories and cut jobs in the U.S.
Uber drives Middle East mapping push ahead of IPO: source
BENGALURU (Reuters) – Uber Technologies Inc is six months into a major mapping project that fills holes in its coverage of Middle Eastern cities ahead of a possible takeover of regional rival Careem Networks and this year’s hotly anticipated initial public offering, according to a source with knowledge of the project. FILE PHOTO: Uber’s logo… Continue reading Uber drives Middle East mapping push ahead of IPO: source
Third Generation Available: New Opel Vivaro on Sale Now
€24,600: Attractive starting price in Germany for Vivaro Cargo For every purpose: Vivaro as Cargo, crew cab, Combi and chassis Right sizing: Three lengths up to 5.30 metres, 1.90m in height for underground parking Heavy duty: Payload rises to more than 1,400 kg, trailer capacity to 2,500 kg Mobile office: Multimedia connectivity, sensor-controlled sliding doors… Continue reading Third Generation Available: New Opel Vivaro on Sale Now
Chevrolet Launches Monza and Unveils Onix in China
Chevrolet Launches Monza and Unveils Onix in China 2019-03-21 WUHAN – The Chevrolet Monza, a new addition to the brand’s lineup in China, was launched today in Wuhan. The sporty compact sedan is available in five variants, including two Redline models and two RS models, that range in price from RMB 89,900 to RMB 119,900.… Continue reading Chevrolet Launches Monza and Unveils Onix in China
GM makes $300 million investment to produce new Chevrolet EV based on Bolt EV
General Motors has announced a $300 million investment to produce a new Chevrolet electric vehicle that will be based off an “advanced version” of the Bolt EV architecture. The money will go to GM’s Orion Township, Mich. plant, where the Bolt EV is currently made. GM said the investment will bring 400 new jobs to the… Continue reading GM makes $300 million investment to produce new Chevrolet EV based on Bolt EV
GM invests $300 million in Orion Twp. Assembly plant
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EU should build autos in US to avoid tariffs: Trump
“The problem is that the Chevrolet will never be accepted in Europe like the Mercedes is accepted here, so it’s not a good deal,” he said. Washington: President Donald Trump said Friday he was using the threat of tariffs to pressure European manufacturers to build more autos in the United States. In a televised interview… Continue reading EU should build autos in US to avoid tariffs: Trump
Chevrolet Bolt EV to get electric sibling, with Michigan plant investment
2017 Chevrolet Bolt EV pre-production
General Motors announced on Friday that it will build a second electric car for Chevrolet, alongside the Chevy Bolt EV.
The new model is widely expected to be a somewhat larger crossover SUV, though GM would not confirm that at this point.
MUST READ: Long-range Cadillac SUV to lead GM's next electric-car push, in 3 years
It will share the Bolt's underpinnings, rather than be based on GM's new BEV3 platform, which is expected to go into production with a Cadillac badge sometime after 2021.
In January, the company announced that Cadillac will become its lead electric vehicle brand in an effort to make GM's electric cars profitable by 2023. It can charge more for Cadillacs than for Chevrolets.
Future Cadillac long-range electric large luxury utility vehicle (rendering), 2019 Detroit auto sho
The Bolt EV, the new model, and a new lineup of electric cars on the BEV3 platform are the first-fruits of GM's efforts to transition to building all electric cars as part of its vision, announced in 2017, for a world with “zero crashes, zero emissions, and zero congestion,” as Barra has articulated. “This new Chevrolet electric vehicle is another positive step toward our commitment to an all-electric future,” she said during the announcement Friday.
As part of the new announcement GM said it will invest a $300 million investment in its Orion Township, Michigan, factory where the Bolt is built to add the new model.
READ THIS: Barra blogs again: GM plans to double EV, self-driving investments
The new car was originally expected to be built outside the U.S., but GM CEO Mary Barra said at an event announcing the new vehicle that terms of the new U.S./Mexico/Canada trade agreement encouraged the company to build it in the U.S.
Last month, the company stopped building the Chevrolet Volt plug-in hybrid hatchback, and in January company President Mark Reuss hinted that GM would not develop further hybrid or plug-in models.
CHECK OUT: GM president dashes hopes of future Volt, says no more hybrids
The November announcement that the company would shutter factories and discontinue the Volt and Chevy Cruze, among other models, prompted a public feud with President Trump, who tweeted “all-electric is not going to work.” Last week, he took to Twitter again to demand that Barra “act now” to save 1,500 jobs at the closed Lordstown, Ohio, factory that produced the Cruze.
The investment in Orion township is expected to create 400 new jobs. Meanwhile, the Akron, Ohio, Beacon Journal reported this morning that GM is entertaining offers to sell its “unallocated” Lordstown factory.