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GM sees 'strong year' in 2018, then gold in Chevy Silverado for 2019

DETROIT — General Motors said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up more than 3 percent in premarket trading. "GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chief Executive Mary Barra said in a statement. "We are positioned for another strong year in 2018 and an even better one in 2019." GM and its Detroit rivals, Ford and Fiat Chrysler Automobiles, are bringing on new trucks at a time when overall U.S. new vehicle sales have been falling, but truck sales continue to grow as consumers abandon passenger cars in favor of pickups, SUVs and crossovers. GM on Saturday fired a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at the Detroit auto show. The new Silverado, a highlight of the event, is the successor to GM's best-selling vehicle in North America. Sales of the current Silverado rose nearly 2 percent to 585,000 vehicles in 2017. In the coming months, the company will also reveal a revamped GMC Sierra pickup truck. U.S. new vehicle sales fell 2 percent in 2017 after hitting a record high in 2016, and are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. GM said on Tuesday that while it retools a factory in Ft. Wayne, Indiana, to make the new pickup trucks, it will shift some production to an Oshawa, Ontario, plant in order to avoid missing sales in a hot market for the vehicles. The No. 1 U.S. automaker said it will record a $7 billion non-cash charge for its fourth-quarter 2017 earnings related to deferred tax assets. GM said it expects capital expenditure in 2018 of around $8.5 billion, about $1 billion of which will go toward funding self-driving car technology. Last week, the company said it is seeking U.S. government approval for a fully autonomous car — one without a steering wheel, brake pedal or accelerator pedal — to enter the automaker's first commercial ride-sharing fleet in 2019. GM said it expects 2017 earnings per share at the high end of its previously forecast range of $6 to $6.50.

No, Cadillac is not killing its flagship CT6 sedan

Mark Twain never actually said that reports of his death had been greatly exaggerated. But if the Cadillac CT6 could talk, those are the exact words it would use. Speaking to Jalopnik, Cadillac chief Johan de Nysschen confirmed, emphatically, "There is absolutely no plan, at all, to cancel the CT6." In fact, says de Nysschen, the CT6 will soon be the beneficiary of significant investment. "The [CT6] forms a very important part of our product strategy going forward for the brand. The car also has a very major contribution to make to the shaping of brand perceptions, and the transformational process that Cadillac is undergoing." For instance, expect the CT6 to spearhead General Motors' most advanced forays into self-driving automobile technology. Interestingly, though, the Cadillac ATS and CTS sedans probably won't live past their current generations as the automaker 're-balances its sedan portfolio.' Replacement models are "in development" right now, says de Nysschen, which will "much more clearly separate the market position, both in terms of target customer demographics, in terms of market segments and in terms of price points between these three sedan lineups." So, that's confirmation that the Cadillac CT6 is going to stick around for a while. But what of other models cited by Reuters to potentially be killed, like the Buick LaCrosse and Chevy Impala and Volt? Read our take on that here, but suffice it to say that we don't think they're in danger, either. Related Video: News Source: JalopnikImage Credit: VCG via Getty Plants/Manufacturing Buick Cadillac Chevrolet Electric Hybrid Luxury Sedan confirmed cadillac ct6

GM Ultra Cruise hands-free system will take on Tesla Full Self-Driving

GM announced Wednesday that it will introduce a new semi-self-driving suite above its Super Cruise offering. Dubbed Ultra Cruise, it will coexist with GM's existing tech as it goes toe-to-toe with Tesla's "Full Self-Driving." GM says it will be compatible with more than 2 million miles of U.S. and Canadian roadways (with lots of headroom for expansion) and operate in more than 95% of normal driving situations at launch. The system will utilize more sensors than the existing Super Cruise system, with "cameras, radars and lidar, developing accurate, 360-degree, three-dimensional statistical representations of the environment surrounding vehicles with redundancies in critical areas." Tesla has long eschewed lidar technology as a means to improve its Autopilot and Full Self-Driving suites, but may be coming around on it. And Tesla recently dropped radar on Model 3 and Model Y to rely on cameras. While there are many competent semi-self-driving systems on the market today, true autonomous vehicles are still in their earliest stages, with Google's Waymo generally considered the leader of the race. Early releases of Tesla's many-times-delayed Full Self-Driving suite have demonstrated just how infantile the technology is, and even it is leaps and bounds ahead of other commercially available technology – and with good reason.    Related: GM sets goals of doubling revenue, leading U.S. electric vehicle sales   Semi-self-driving suites offered in typical mainstream cars are effective upgrades to adaptive cruise control, but even the ability to go for hours on the highway with limited input is nothing compared to the demands placed on a true self-driving platform. Things we take for granted in everyday driving — reacting to traffic lights and signs, changing lanes, navigating turn lanes and safely pulling into traffic, driving close to obstacles such as construction barricades, or something as simple as properly negotiating a tight driveway — are beyond the scope of all other advanced driver assistance suites.  "Ultra Cruise is not just a game changer in terms of what it enables ­– a door-to-door hands-free driving experience – but a technological one as well," said Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain. "It's been developed completely in-house.