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GM to cut production at 5 plants in North America, kill several models

DETROIT/WASHINGTON — General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest restructuring in North America for the U.S. No. 1 carmaker since its bankruptcy a decade ago. GM said it will take pre-tax charges of $3 billion to $3.8 billion to pay for the cutbacks, but expects the actions to improve annual free cash flow by $6 billion by the end of 2020. GM plans to halt production next year at three assembly plants: Lordstown, Ohio, Hamtramck, Michigan, and Oshawa, Ontario. The company also plans to stop building several models now assembled at those plants, including the Chevrolet Cruze, the Cadillac CT6 and the Buick LaCrosse, the sources said. Sources said the Chevrolet Volt, Impala and Cadillac XTS would also be discontinued. Signs of the demise of six passenger-car models have been swirling since July. Plants in Baltimore, Maryland, and Warren, Michigan, that assemble powertrain components have no products assigned to them after 2019 and thus are at risk of closure, the company said. It will also close two factories outside North America, but did not identify those plants. The AP reported that 14,700 jobs would be affected. Some 8,100 of those would be white-collar jobs reduced through buyouts or layoffs. The No. 1 U.S. automaker signaled the latest belt-tightening in late October when it offered buyouts to 50,000 salaried employees in North America. The company also said it will cut executive ranks by 25 per cent to "streamline decision making." Some 6,000 factory workers could lose their jobs or be transferred to other plants. Its shares were last up 6.2 percent at $38.16. Tariff 'headwinds' and cost-cutting GM Chief Executive Officer Mary Barra told reporters on Monday the company can reduce annual capital spending by $1.5 billion and increase investment in electric and autonomous vehicles and connected vehicle technology because it has largely completed investing in new generations of trucks and sport utility vehicles. Some 75 percent of its global sales will come from just five vehicle architectures by early in the 2020s. It plans to reduce annual capital spending to $7 billion by 2020 from an average of $8.5 billion a year during the 2017-2019 period.

2021 Cadillac Escalade Review | What's new, features, photos, Super Cruise price

The 2021 Cadillac Escalade is a heavyweight mammoth that is unapologetically bold and quintessentially Escalade. Its general shape and design still plummets from the same tree as a Chevy Tahoe or Suburban, but there’s no mistaking this SUVÂ’s new look for anything but a bejeweled, bold and brash Cadillac. That said, it does take advantage of all the lovely new engineering enhancements made throughout the GM SUV lineup, including the latest-generation magnetic dampers and a new air suspension system. Combined with the long-awaited independent rear suspension design, these pieces bring the EscaladeÂ’s ride up to par with the most comfortable and luxurious SUVs on sale today.  In addition to the ride improvement, CadillacÂ’s new interior is a tech and luxury fortress befitting its price. The new triple OLED screens scream luxury, and the design makes it competitive with LincolnÂ’s gorgeous Navigator once more (a far more comfortable and usable third-row seat helps in that regard, too). Under the hood, there's an interesting new powertrain option with this generation of Escalade: a 3.0-liter turbo-diesel inline-six that brings decent fuel efficiency (23 mpg combined at its best) to a class of vehicle that typically achieves horrendously low figures. In total, with more space, more efficiency and vast improvements in every other category, the 2021 Escalade is poised to stand toe-to-toe with other luxury behemoths.  WhatÂ’s new for 2021? The Escalade is all-new for 2021. ItÂ’s the modelÂ’s first big redesign since the 2015 model year. 2021 Cadillac Escalade Sport Platinum View 60 Photos What are the Escalade interior and in-car technology like? The Escalade doesn't quite achieve the same elevated sense of fashion as Lincoln does with the Navigator, but it nevertheless makes a statement with its tech-forward take on luxury. The 38 inches of curved OLED screens we covered in our Escalade infotainment review dominate the dash in a brazen display of opulence. Large swaths of wood trim stretch across the dash horizontally and also adorn a substantial part of the center console. Your color and design options are plentiful, but it all depends on trim. The purple Dark Auburn is fantastic, and the light-and-airy Whisper Beige is another great option (pictured below). Real wood trim in various colors and patterns can be had, and varying levels of leather and suede coverage are available.

C7 Corvette won't spawn new Cadillac XLR [w/video]

Between the new 2014 Chevy Corvette Stingray and the even newer Cadillac Elmiraj Concept shown off at Pebble Beach, we were already expecting some sort of chatter of a Cadillac XLR redux. During an in-depth C7 Corvette discussion with Tadge Juechter, the car's chief engineer, Fox News asked if a Corvette-based, Bowling Green-built Cadillac will be built off the C7. Non-spoiler alert: the answer is no.
Juechter says that General Motors has "no intent" on transforming this car into a Cadillac product since the C7 has been optimized for the Corvette buyer, a consumer that's generally a different sort of person than a Cadillac intender who might also be cross-shopping a Mercedes-Benz SL-Class or BMW 6 Series.
While we're not ready to write off a future XLR altogether, we assume that the Corvette Cadillac experiment is most likely never going to happen again. The interview with Juechter is posted below, but the XLR discussion comes in at the 9:00 mark.