Chrysler has had a rough time over the past 30 years. After nearly going bankrupt, it became one of the most successful automakers in the world, only to be acquired by Daimler-Benz and spit out, a small shadow of its former self, less than ten years later. Then another bankruptcy under the greedy leadership of […]
GM shares shot up today, after the company announced, in a morning conference call, profits of $2.3 billion in the past quarter, good for a 38¢ per share dividend. GM Financial had earnings before taxes of $700 million. Gross revenue was $35.5 billion. Automotive operating cash flow for the quarter was $5 billion, double the […]
China built a Tesla trap, and Elon Musk dove in with both feet. One thing American and European manufacturers, from chips to cars, have noticed about China is that it doesn’t take long for their products to be duplicated. Local construction companies, seeing plant blueprints, have even helped build clone plants in other towns or […]
General Motors is keeping a Detroit plant open, investing $3 billion to convert it to electric pickups, vans, and batteries, as part of its efforts to end a long United Auto Workers (UAW) strike. The union had demanded greater fairness with regard to treatment of newer employees, including reduced use of temps; unchanged health insurance […]
GM stocked up on cars and parts before going into negotiations with the UAW, readying themselves for the long haul. Now, the company is starting to make concessions—one of which may affect its chief American competitor more than itself. That one is health benefits. GM had tried to raise hourly workers’ share of medical insurance […]
With the last quarter’s sales reports behind us, we can answer the question of who wins in the United States’ muscle car sales races. There’s not really a surprise year-to-date, though: you knew it would be the Mustang, and it was. The Mustang has a smart, up-to-date series of powertrain options, and the best publicity […]
The GM strike isn’t hurting sales so far, if we can generalize from the company’s U.S. sales over the last quarter. GM had a gain of 6.2%, while Ford fell 5.1% and FCA stayed just about the same. Not surprisingly, GM kept its lead over Ford, with sales of 737,270 for the quarter vs Ford’s […]
Over the past months, GM has boosted its inventory so it could be tough with the United Auto Workers union. The UAW is demanding a greater share of GM’s good fortune, and the maintenance of three plants which GM wants to close (or has closed); and GM wants the UAW to pick up a much […]
Bollinger is now showing photos of the production version of the B1 and B2 electric SUV and pickup truck. Their squarish, functional design looks somewhat reminiscent of the 4x4s that made Land Rover famous—the kind that Land Rover left behind. The Bollinger vehicles are battery-electric vehicles with aluminum bodies, dual motors, standard all wheel drive, […]
General Motors (GM) and Ford stocked up on vehicles for September, as GM faces difficult talks with the United Auto Workers (UAW). The UAW picked America’s largest automaker, GM, as a strike target this year; it extended its contracts with Ford and Fiat Chrysler (FCA) by a month so there would only be one negotiation […]