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A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)
Machinery, Markets

GM buyouts cut 5,000 jobs, CFO says

Not much more room seen to raise prices

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Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s […] Read more
Exterior views of (l-r) the 2023 Chevrolet Silverado 1500 High Country, ZR2 and LT. (Media.chevrolet.com)
Machinery, Markets

GM’s truck production cut signals a turn in U.S. auto sales

Company to idle Indiana plant for two weeks

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Detroit | Reuters — New vehicle sales in the United States are expected to increase in February, but the decision by General Motors to cut production of large pickup trucks at a U.S. plant points to new challenges for Detroit’s automakers. The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, […] Read more
File photo of a 2022 GMC Sierra 1500 pickup. (Media.gm.ca)
Machinery

GM recalls 825,000 trucks, SUVs over headlight issue

Recall includes 85,000 units in Canada

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Washington | Reuters — General Motors said Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S. automaker said the recall covers various Cadillac CT4 and CT5; Buick Envision; Cadillac Escalade and Escalade ESV, Chevrolet […] Read more
Preproduction 2023 models of Ford’s F-series Super Duty pickup trucks. (Ford.com)
Machinery

Ford, GM upgrade their heavy-duty pickup profit machines

New features aimed at business productivity

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Detroit | Reuters — Ford Motor Co. on Tuesday took the wraps off the latest version of its Super Duty pickup, providing a look at how the U.S. automaker will manage one of the biggest challenges confronting Detroit. The problem: How to modernize the largest combustion pickups to keep demand strong and profits flowing, without […] Read more
Pickup trucks roll out of General Motors’ assembly plant at Oshawa, Ont. (Media.gm.ca)
Livestock, Machinery, Markets

GM CEO says ‘we are selling every truck we can build’

Rising fuel prices not seen undermining big truck demand, yet

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Detroit | Reuters — General Motors CEO Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric […] Read more
A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)

GM ramps up EV push with plans to make battery materials in Canada

Automaker and BASF both plan CAM plants at Becancour

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Reuters — General Motors and South Korea’s POSCO Chemical will build a $400 million facility to produce battery materials in Canada as the carmaker ramps up plans to produce mainly electric vehicles (EVs) in the future, the companies said Monday. The plant will produce cathode active material (CAM) for vehicle batteries at Becancour, Que. Cathodes […] Read more
A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)
Machinery

GM to chase rivals with US$105,000 electric Silverado

Less expensive retail Silverado EV to follow in 2024

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Detroit | Reuters — General Motors’ US$35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian Automotive. GM CEO Mary Barra on Wednesday told the annual CES technology […] Read more
Production of Ford’s F-150 Lightning pickup at Dearborn, Mich. (Media.ford.com)
Machinery

Electric truck battle heats up between Ford, GM

Ford to double output at Michigan

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Detroit | Reuters — Ford Motor Co. said Tuesday it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers. Ford’s announcement comes a day ahead of rival General Motors’ public […] Read more
GM’s CAMI assembly plant at Ingersoll, Ont. (GM.ca)
Machinery

GM aims to tackle chip shortage with new designs

Chip-making investments to be in U.S., Canada

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Reuters — General Motors aims to tackle the global semiconductor shortage with new designs built in North America, president Mark Reuss said on Thursday. Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips by 95 per cent on […] Read more
Technology updates on the 2022 GMC Sierra 1500 pickup, due to be released this fall, are expected to include a new version of Super Cruise, a hands-free driving feature for use on “divided and compatible” highways. (Media.gm.ca)
Machinery

GM says chip situation improving

All of automaker's pickup truck plants operating

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Reuters — Top U.S. automaker General Motors said on Friday the semiconductor chip shortage that has hit production at automakers worldwide was abating, while reporting its first quarterly sales fall in a year. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers,” […] Read more

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