All articles tagged with #gm
Rumors indicate GM plans a seventh-generation Camaro built on the same architecture as the next Cadillac CT5, with production targeting fall 2027 and potentially sharing the platform with a Buick sedan; expected output is about 60,000–70,000 units combined for CT5 and Camaro, with Grand River Assembly in Lansing likely handling production.
GM has idled its Detroit Factory Zero EV plant again due to slowing U.S. demand for electric vehicles, temporarily laying off about 1,300 workers from March 16 to April 13. The plant, which builds the GMC Hummer EV, Sierra EV, Silverado EV, and Cadillac Escalade IQ, has faced prior shutdowns and job cuts, while GM continues retooling nearby Orion Assembly for gas-powered pickups. The episode highlights a shift away from the plant’s once-ballyhooed “factory of the future” branding as the company grapples with EV write-downs and policy changes, even as it remains a top EV seller behind Tesla thanks to models like the Equinox EV and Lyriq.
GM's Vortec family evolved from the mid-1980s 4.3L V6 to late-90s V8s like 5.0/5.7 and 5.3/8.1, earning praise for durable design, high-flow heads, and solid fuel economy—popular in Silverado/Sierra pickups and large GM SUVs and built off the tried-and-true small-block 350 platform, with influence on swaps and a reputation for longevity. However, later tech like Active Fuel Management (launched in 2007) brought civil backlash due to lifter noise, increased oil consumption (notably in the 5.3L) and knock-sensor issues, prompting aftermarket AFM delete solutions and discussions about reliability, ultimately leading GM to move on to EcoTec3 engines.
The Bulwark argues that Donald Trump’s rollback of EV incentives and emissions standards—along with notable moves like GM ending Bolt production and converting its factory back to internal combustion engines, and Honda scrapping several planned EVs—is dampening U.S. EV momentum. Yet rising gas prices could renew consumer interest in electrics, suggesting a volatile moment as legacy automakers face renewed competition from global players.
The Athletic reported Broncos GM George Paton’s name is circulating in discussions about the Minnesota Vikings’ GM vacancy, though he remains under contract with Denver through 2026 and talks of a long‑term extension have been mentioned. Paton has fostered a productive partnership with coach Sean Payton and overseen a successful drafting period, making a move elsewhere possible but unlikely unless circumstances change.
GM beat 2025 earnings, announced a 20% dividend increase and a $6 billion buyback, and guided stronger 2026 results as analysts praise its execution and capital allocation amid tariffs and political uncertainty. The company plans to invest $10–12 billion annually in 2026–27 to expand U.S. manufacturing, offset tariff costs with regulatory savings and efficiency gains, and relies on robust cash flow (over $20B year-end) to fund returns while continuing to shift toward more profitable traditional vehicles.
GM reports 2025 results with EBIT-adjusted at the high end of guidance and a 54% total return; U.S. market share rose to its highest since 2015, OnStar subscriptions hit 12 million, and several vehicles earned top awards. For 2026, GM targets 8–10% EBIT-adjusted margins in North America, continues strong cash generation, raises the dividend by 20%, and launches a $6B share repurchase while expanding U.S. production toward 2 million units and accelerating its EV profitability plan, all while reiterating forward-looking risk disclosures.
GM will shift the Buick Envision’s successor from China to Fairfax Assembly in Kansas City for vehicles sold in the United States, starting in 2028, while models for other markets could still be produced in China. GM says the move strengthens its domestic manufacturing footprint amid tariffs on imports and a push to boost U.S. jobs, noting previous investments and related plant expansions (such as Equinox production in Kansas City). Tariffs on foreign-made cars have been around 25% in recent years.
Ford (F) won conditional FDIC clearance to start an industrial bank in Utah, with deposits, CDs and later auto-loan financing; the development coincides with Kentucky plant expansion, and despite the news, Ford stock slipped fractionally as analysts reiterated a Hold rating with limited upside.
GM says the next-generation Buick compact SUV will be built in the United States at Fairfax Assembly in Kansas City, Kansas, starting in 2028 for domestic sales, while production in China may continue for other markets. The shift aligns with U.S. pressure to onshore manufacturing amid tensions with China and tariffs; the Buick Envision has been produced in China for the U.S. since 2017, and the new model will join the Chevrolet Equinox at Fairfax after Bolt production ends, with GM highlighting roughly $5.5 billion in recent U.S. manufacturing investments to support jobs.
GM has moved its corporate headquarters to a downsized, 200,000-square-foot space at Hudson's Detroit on Woodward Ave, aiming for a frictionless, highly collaborative setup while keeping Detroit as its global HQ. The move is part of a broader multi-site Southeast Michigan campus that includes the Tech Center and the Warren Technical Center, where about 25,000 engineers and staff now work. The space emphasizes flexibility with mostly unassigned offices (only four permanent executive offices) and will feature public-facing community spaces; Hudson's Detroit also hosts tenants like JPMorgan Chase and Accenture as part of the mixed-use development.
GM opens its new global headquarters at the Hudson’s Detroit complex, weaving artifacts and design cues from its 120-year history into a heritage-forward space, while the Renaissance Center era ends as Bedrock advances a $1.6B downtown redevelopment to unlock riverfront public space with residential, office and hotel components.
General Motors faces approximately $6 billion in charges in Q4 due to declining EV sales following the U.S. ending EV tax incentives and easing emissions standards, impacting its ambitious electric vehicle plans.
General Motors reported a $6 billion impairment charge due to unprofitable EV investments, citing reduced consumer demand following the removal of federal tax incentives and relaxed emissions regulations, leading GM to scale back EV capacity and shift production focus.
Fiat's sales in the US are extremely poor, with only 84 cars sold in 91 days, highlighting its struggles alongside other Stellantis brands. GM and Ford had mixed results, with GM focusing on profitability despite sales declines, especially in EVs, and Ford ending the year strong with popular models like the F-Series and Bronco. Mercedes announced a new Level 2++ driving assist system in the US, aiming to compete with Tesla's FSD, which could reshape the autonomous driving landscape.