GM will shift production of the Cadillac SRX crossover from a facility in Mexico to the former Saturn plant in Spring Hill, Tennessee. The move will bring $185 million in investment and 390 jobs to the plant.
Categories:
Tag: general motors
I have an unnatural aversion to two-door cars. Jack’s Accord V6 Coupe would, in my eyes, be perfect if it were only a sedan. Give me an Audi S4 or a BMW M3 over their coupe siblings, no matter how attractive the lines. Ok, maybe I’d take an S5. I’d much prefer a 4-door GTI to the three door variant, and I’m glad that our Fiesta ST has a set of rear entry ports. Most people didn’t feel that way when it came to the Chevrolet Cobalt SS.
There is news, at least partially confirmed by General Motors, that the Cadillac brand may expand its operations in New York City, moving some business functions from the RenCen in Detroit. It’s thought that moving some marketing, advertising and strategy functions to the Big Apple will add luster to GM’s luxury brand by separating it from the city of Detroit’s tarnished image, as well as make it easier to attract talent to those positions. Some people apparently have the notion that “Detroit” is this incredibly provincial and insular place and that the only way to thrive in the highly competitive global automobile industry is to leave the Motor City behind, both figuratively and literally. That attitude, though, is nothing new, either outside Detroit or in the region. Also, the idea that the domestic car companies have been operated in Detroit by Detroiters, insulated from the rest of the country (and world) is contrary to the historical record. (Read More…)
We knew the Chevrolet Impala was going to suffer, volume-wise, with the introduction of the tenth-generation model.
No matter how positive its review was in Consumer Reports, no matter how attractive its front end, GM insisted they weren’t going to chase fleet sales. Moreover, the car’s more upmarket positioning and the slow death of its category weren’t going to produce improved sales.
Perhaps what some didn’t realize, however, was that the Impala’s decline was long since underway. (Read More…)
General Motors global product development chief Mark Reuss revealed Tuesday that Cadillac will press ahead with an F-segment sedan built upon a new platform.
Once reporting information on the group of vehicles affected by the February 2014 recall, General Motors’ website on the matter recently expanded to cover all 20 vehicles affected by the original and subsequent recalls over ignition problems.
Nearly 4.6 inches of rain fell over Detroit Monday, flooding several areas throughout the city and grinding operations to a halt for the Detroit Three.
The next time you visit a Chevrolet or GMC showroom to check out a full-size or mid-size pickup, you may find the truck’s curb weight to be heavier than once advertised. That’s because General Motors has decided it will no longer remove items to make payload.
Back in May, we reported on the rather fat inventory levels of Cadillac’s products, examining through the context of the one product with less than 100 days of supply – the SRX crossover. A few months later, dealers are tight on the newly redesigned Escalade, but the inventory picture for Cadillac’s car lineup hasn’t gotten much better.
It’s difficult to possess anything other than low U.S. sales expectations for GM’s new pickup trucks, the Chevrolet Colorado and GMC Canyon, even before you know the exact prices, or the prices people actually pay for new Silverados.
Toyota Tacoma volume, prior to this year, was perking up, but not nearly to the level it was at in 2006. Similar statements can be made regarding the Nissan Frontier and Honda Ridgeline. Numerous other pickup trucks have disappeared, and remaining competitors haven’t been able to take advantage of those disappearances.
U.S. sales of General Motors passenger cars slid 3.8% in July 2014. This 3348-unit loss was created in large part by the Chevrolet Cruze’s 4521-unit decline and the Impala’s 3279-unit slide, decreases which were not completely offset by smaller gains from the Malibu, Sonic, Camaro, Corvette, and Buick’s LaCrosse.
Despite a 5.5% boost in July volume from the GMC Sierra, GM pickup truck sales slid 1.6% as Silverado volume remained level and the company lost 1907 pickup sales from nameplates which are either defunct or have not yet returned.
Yet overall GM sales grew at pace with the market’s fast 9% clip in July. How?
Commercial vans, that’s how.
Yes, really.
But only in part. (Read More…)
Last Friday was the first day claims linked to accidents and fatalities related to the ignition switch that kicked-off the 2014 General Motors recall parade could be submitted to the compensation fund set up by GM and Kenneth Feinberg. Thus far, 93 such claims have been submitted.
From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.
General Motors has few diesel-powered wares at the moment, but with the U.S. diesel market expected to hit 10 percent of the overall market by 2020, GM wants as much as it can get.
While the parent company goes through the federal ringer over product safety, GM Financial is under the gun after receiving a subpoena from the U.S. Department of Justice regarding potential deceptive practices in subprime lending.
Recent Comments