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GM announces $7 billion Michigan factory investment, most going to EVs

GM announced a $7 billion investment in Michigan manufacturing, much of which is earmarked for EV production. Four sites are included, but the key elements are a new battery cell plant in Lansing and the conversion of GM's existing Orion Township facility to expand production of the forthcoming Chevrolet Silverado EV and its GMC Sierra sibling.  GM says it is the largest investment announcement in company history and that it will create 4,000 new jobs. It also says 1,000 jobs will be retained. "We are building on the positive consumer response and reservations for our recent EV launches and debuts, including the GMC Hummer EV, Cadillac Lyriq, Chevrolet Equinox EV and Chevrolet Silverado EV," said GM CEO Mary Barra.  GM says the Orion expansion and new battery plant will support an increase in full-size electric truck production capacity to 600,000 units. This is in addition to the Factory ZERO facility in Detroit that will also be constructing the electric Silverado and Sierra.  The Orion Township factory current builds the Chevrolet Bolt EV and EUV, and will continue to do so during the plant's conversion. GM did not indicate what will happen with the Bolts once that conversion is complete or whether all will continue to be built at Orion. They do not use the Ultium vehicle architecture. GM will build other EV models at three other factories that are under construction or being converted. They are located in Spring Hill, Tennessee, Ingersoll, Ontario, and Ramos Arizpe, Mexico. GM says that it will have the ability to produce 1 million electric vehicles by 2025. The Ultium Cells Lansing facility is a $2.6 billion joint investment by GM and LG Energy Solution. GM says it alone will create 1,700 jobs once fully operational by late 2024. It will join two other GM Ultium Cells battery factories currently under construction in the United States, one in Ohio and the other in Tennessee.  Not all of the $7 billion investment will be for EVs. It also announced $510 million of the total will go toward upgrading the Lansing Delta Township Assembly to produce the next-generation Chevrolet Traverse and Buick Enclave. Money will also go to upgrading Lansing Grand River Assembly.

Toyota tops Kelley Blue Book's Resale Value Awards

Kelley Blue Book announced its annual Best Resale Value Award winners, and we weren't too surprised to see the list dominated by Japanese automakers - mainly Toyota and Honda. KBB hands out the awards based on the projected residual value of mostly all 2013 model year vehicles, and Toyota skated home with a number of awards including 10 of the 22 overall categories and having five of its products in the top 10 for models with best resale value. KBB's Best Resale Value Awards were announced in the same week as the ALG Residual Value Awards, and there were many similarities between both lists, especially when it came to Toyota.
To come up with its winners, KBB measures depreciation over the first five years of ownership, and looks for the cars it expects to hold its value the best after this time; on average, the report says the 2013 model year vehicles will lose 61.8 percent of its value in five years. Of the 22 categories, 15 slots were filled by Toyota, Honda and Nissan products, while the Camaro and Porsche (Cayenne and Panamera) each took home a pair of awards. If Toyota has anything to be upset about in this list of cars, it's that categories for Hybrid/Alternative Energy Car and Electric Vehicle went to the Ford Fusion and Chevrolet Volt, respectively.
The overall top 10 models for the best resale value in 2013 are, in alphabetical order:

2019 Chevy Blazer vs Honda Passport, other midsize crossovers: How they compare

The two-row midsize crossover market is a sizable one that just keeps growing. The two newest additions being the 2019 Chevy Blazer and the 2019 Honda Passport, additions we just recently drove. As such, it seemed like a good time to see how their numbers compare with the veterans of the segment: Ford Edge, Jeep Grand Cherokee, Hyundai Santa Fe and Nissan Murano. In this comparison to see where it lands in the numbers game, we'll take a look at everything including power, torque, towing, ground clearance, passenger room, cargo space, fuel economy and pricing. Cue the chart. Powertrain The Passport only has one engine option, Honda's trusty 3.5-liter V6. You can find this engine in both the Pilot and Ridgeline, and we like it in all its applications. But if you're looking for something more affordable or more frugal, you're out of luck. The Passport is one of just two that offer just one engine option. Most of the others have two choices, and Jeep even offers three. Compared with similar engine options, the Passport is pretty middling. The Ford Edge ST's turbo V6 makes the most power and torque at 335 ponies and 380 pound-feet. Next up is the Blazer, the only other to break 300 horsepower, and then the 295-horsepower Grand Cherokee. The Passport does beat the V6 Murano and the turbocharged Santa Fe, though. 2019 Chevrolet Blazer View 37 Photos For vehicles with smaller engines, the Edge wins again with its 250-horsepower turbocharged four-cylinder. The Chevy Blazer is next, but at 193 horsepower, it's barely ahead of the 185-horsepower Santa Fe. The Jeep Grand Cherokee has a couple of powertrain aces, though. It's the only vehicle available with a V8, and it makes an impressive 360 horsepower and 390 pound-feet of torque. There's even a turbodiesel model with 240 horsepower and 420 pound-feet of torque, the most twist of the group. The Grand Cherokee is also the choice if you want to tow much. The V6 models will pull 6,200 pounds, and the V8 and diesel can handle 7,200 pounds. Add 200 more pounds to the diesel if it only has rear drive. 2019 Honda Passport View 19 Photos When it comes to fuel economy, the front-drive four-cylinder Edge and Santa Fe are tied for the best, with the all-wheel-drive Edge getting one more mpg on the all-wheel-drive Santa Fe on the highway. The Murano comes up next.