1984 Buick Riviera Luxury Coupe 2-door 5.0l on 2040-cars

Auto blog

GM posts $4 billion third-quarter profit thanks to trucks and SUVs

DETROIT — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak. GM's adjusted earnings were $2.83 per share, easily outpacing Wall Street's per-share projections of $1.43, according to a survey by FactSet. Revenue of $35.5 billion also edged out most expectations. Shares jumped almost 6% before the opening bell Thursday. The company swung back from a $806 million loss in the second quarter, when it was restarting factories shuttered for safety during the early stages of the pandemic. The Detroit automaker joined most global automakers in reporting better-than-expected earnings from July through September as sales across the globe started to rebound from coronavirus lockdowns, especially in China. GM sales in China jumped 12% in the third quarter, with sales of its Buick and Cadillac brands both rising more than 25%. In the U.S., GMÂ’s most profitable market, sales fell 9.9% in the third quarter compared with a year ago, but were a dramatic improvement over the 34% drop in the second quarter. Sales improved sequentially each month, the automaker said, an encouraging trend. GMÂ’s profit was boosted by higher-priced pickup trucks and large SUVs, which have seen strong sales in the U.S. through the pandemic. It was the best quarter on record for GM's Chevrolet Blazer. Sales of the Cadillac XT6 spiked 45% in the U.S. over last year. Large pickups also sold well. GM also said it was pumping $2 billion into its Spring Hill, Tennessee manufacturing plant to push its transition to produce electric vehicles. Last week, crosstown rivals Fiat Chrysler and Ford reported strong third-quarter net income. FCA said it made $1.4 billion for the period, while Ford earned $2.39 billion. Related Video: Earnings/Financials Buick Cadillac Chevrolet GM GMC

Experience the New York Auto Show by drone

The Autoblog team recently returned from wildly running around the Javits Center to cover all the news and debuts at the New York Auto Show. Sometimes, it's nice to take a more serene look at the exhibition floor, though, and the event's organizers are providing that exact opportunity by flying a drone through the hall. Combined with the down-tempo music, this clip feels like a form of automotive meditation. If you're going to miss the show in the Big Apple, the drone also provides a good overview at the exhibition floor, especially at the stands from Lexus, Buick, Dodge, Mercedes-Benz, Toyota and BMW. Plus, it's a fun way to see some vehicles from a completely different angle than they ever appear on the road. Related Video: News Source: New York International Auto Show via YouTube Auto News New York Auto Show BMW Buick Dodge Honda Lexus Mercedes-Benz Toyota Videos drone 2015 ny auto show

2024 Buick Envista Cupholder Mega Test: Will the Nalgene bottle fit?

Buick has launched its newest, most-affordable vehicle. The 2024 Buick Envista slots below the Encore GX, starts below $25,000 and is a comfortable and quiet thing. It looks pretty good, too, I think. You can read all about it in my first drive review, and if you have, you've probably been wondering, "Well, what about the cupholders? Will my goofily large water bottle fit?" Despite water being provided on the drive, as you can see from the disposable bottles in the background of these photos, I went through a liter of diet cola from my Nalgene water bottle on the cross-town trek to the event, so it came along for the drive with me. Up front, we've got a pair of cupholders in a fore/aft orientation. They look fairly typical in every way, including size, which doesn't bode well for the 'gene. I could feel the dull disappointment as I lowered the bottle toward the cupholder. Indeed, it doesn't fit.  At first glance, the front door pocket looks like it could work. That little divider is worrisome, though. Adsheartlikins! So close. As you can see in the video further below, after staunchly rejecting the Nalgene, a second attempt shows it'll slip in just a little bit, but not enough to properly hold the thing. The front occupants, it appears, are out of options. But what about the people in the back? There are no cupholders on the back of the center console, nor is there a center armrest to fold down from the seat. Straight to the door pocket it is. The rear door pocket looks like a shortened version of the ones up front. Inauspicious, but we still have to cross our fingers and check it. No surprises here. Just more disappointment. So while the rear passengers can enjoy a healthy amount of legroom, they can't enjoy a more-than-healthy amount of water from their Nalgene unless they hold it or let it roll around on the floor. I still liked the Envista, though. It's worth a look if you want a budget car that doesn't feel cheap. Disclaimer: Autoblog accepts vehicle loans from auto manufacturers with a tank of gas and sometimes insurance for the purpose of evaluation and editorial content. Like most of the auto news industry, we also sometimes accept travel, lodging and event access for vehicle drive and news coverage opportunities. Our opinions and criticism remain our own — we do not accept sponsored editorial.