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GM extends production at Detroit factory until early 2020

General Motors Co said on Friday it had extended the production at its Detroit Hamtramck plant until January 2020, against an earlier plan to discontinue production in June this year. The No.1 U.S. automaker is revamping its operations, which include plant closures and thousands of job cuts, as it looks to boost profitability in the wake of declining U.S. auto sales. The Hamtramck plant will continue to produce the Chevrolet Impala and Cadillac CT6 sedans until early next year, the company said. "We are balancing production timing while continuing the availability of Cadillac advanced technology features currently included in the CT6-V — the Blackwing Twin-Turbo V-8 (engine) and Super Cruise (driver assistance system)," GM said. The plant has already discontinued production of the Buick LaCrosse sedan and Chevrolet Volt electric hybrid car. Detroit-based union United Auto Workers' President Gary Jones said GM's decision to continue production at the plant was a relief for the workers as well as their families. "We commend GM for today's decision and we reiterate the importance of a collective bargaining process in times like these," Jones said. Reporting by Ankit Ajmera. Related Video:

2022 Cadillac Escalade makes small changes across lineup

Cadillac recently opened up about the changes it's made to the 2022 car and crossover lineup for next year, but has been mum on what's planned for the 2022 Escalade. GM Authority says it has the goods, rounding up a number of trim alterations being made to the big SUV. The fifth-gen 'Slade comes in five trims, from bottom to top: Luxury, Premium Luxury, Sport, Luxury Platinum, and Sport Platinum. Starting with the updates coming across the lineup, two exterior colors retire, Dark Mocha Metallic and Shadow Metallic. They're replaced by three colors, Galactic Gray Metallic, Mahogany Metallic, and Wilder Metallic. The Escalade only offers one free color, Black Raven; all of the Metallics cost $625, and we expect these new ones will, too. Safety is the word for next year's model, with more features going in more vehicles. The entire lineup will get GM's Buckle to Drive feature that's part of the Teen Driver safety suite. Trying to make sure teens get the buckle in the clasp before taking off, if Buckle to Drive is activated, it won't let the vehicle be shifted into drive until the seatbelt is fastened. It starts with a beep and a message in the driver information center once the vehicle is started, and times out after 20 seconds. The last near-term whole-lineup changes are Near Field Communication going away, the tech having been superseded by modern smartphone capability. Finally, Super Cruise will eventually join the Escalade options sheet.  After that, the middle Premium Luxury and Sport trims are the big beneficiaries. In 2021, those two offered adaptive cruise control, automatic seatbelt tightening, enhanced automatic emergency braking, and reverse automatic braking as options. These features will come standard in 2022. Piling in more features necessitated a change to the optional $3,650 Driver Assist Tech Package that's currently offered, because the package includes three of the features that will come standard. Hence, the option's been renamed the Touring Package, and it will include air ride adaptive suspension, front and rear soft-close doors, and illuminated tread plates. Pricing is a mystery right now. The base Luxury trim gets a little attention, making lane keep assist and lane departure warning standard next year. That kit can't be had for any price on the 2021 Escalade.  And in 2023, GM Authority says we should get the hotter and more supercharged Escalade-V.

Cars with the worst resale value after 5 years

While the old saying that cars lose a massive chunk of their value as soon as they’re driven off the dealerÂ’s lot might not be entirely true these days, most new vehicles steadily lose value as they age and are used. iSeeCars recently released its latest study on depreciation, finding the models that lose value the fastest, and the list is packed with high-end nameplates. The vehicles that lost value the fastest over five years include: Maserati Quattroporte: 64.5% depreciation BMW 7 Series: 61.8% Maserati Ghibli: 61.3% BMW 5 Series Hybrid: 58.8% Cadillac Escalade ESV: 58.5% BMW X5: 58.2% Infiniti QX80: 58.1% Maserati Levante: 57.8% Jaguar XF: 57.6% Audi A7: 57.2% While sports cars, hybrids, and trucks dominated the list of slowest-depreciating vehicles, luxury brands accounted for all of the top ten fastest-depreciating models. iSeeCars executive analyst Karl Brauer also pointed out EVsÂ’ lack of representation on the slow-depreciating vehicles list, saying that thereÂ’s a disconnect between what automakers are building and what people actually want. The average five-year depreciation for all vehicles in the iSeeCars study was 38.8 percent. ThatÂ’s an almost 11% improvement over 2019Â’s figures, but some vehicle types perform worse than others. EVs depreciated 49.1 percent over five years, while SUVs dropped 41.2%. Trucks only fell 34.8% and hybrids 37.4%. Brauer noted that all vehicles depreciate slower than they did five years ago. Even so, EVs are not the best choice if youÂ’re looking for a vehicle that wonÂ’t feel like a ripoff when itÂ’s time to trade in. On the flip side, used EVs can present a stellar value, saving thousands over their new counterparts. Charging times and availability remain concerns for buyers in large parts of the country, but a heavily depreciated EV could be the used car value youÂ’ve been looking for. The same wisdom applies to used luxury vehicles, as the list above indicates. While new-car buyers shopping for luxury cars are set to see big depreciation during their ownership, that means the used car market is flooded with inexpensive used luxury cars. High repair costs and costly maintenance schedules are real issues that used luxury models face, however. Green Audi BMW Cadillac Infiniti Jaguar Maserati Car Buying Used Car Buying