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GM CEO Barra says 'we are selling every truck we can build'

DETROIT — General Motors Chief Executive Mary Barra said on Monday the automaker is "selling every truck we can build" and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker's annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric vehicles for North America, China and other markets, and funding those investments by trying to maximize profits from its North American combustion pickup truck and large SUV lineups. Barra said GM is planning higher-priced versions of its Silverado large pickup and its large SUV models. GM and its Detroit rivals Ford Motor Co and Stellantis NV rely heavily on sales of large pickup trucks and SUVs for global profits. High U.S. gasoline prices in the past have undermined consumer demand for relatively inefficient models. Nominal pump prices hit an average of above $5 a gallon for the first time ever last week, the federal government said Friday. GM is ramping up production of EVs. Barra said the Cadillac Lyriq electric sport utility is sold out through 2023. In response to shareholder questions, Barra said the "clear priority" for using cash generated by its operations is to "accelerate our EV plans." She did not rule out share buybacks or other approaches to returning cash to shareholders. GM still expects to increase production this year by 25-30%, despite continuing pressure on semiconductor supplies globally. Barra said GM is working to redesign vehicles to reduce the number of processors required by 95%. Barra serves as GM's board chair and CEO. GM shareholders overwhelmingly rejected a proposal to separate those roles.

GM to sell rebranded Peugeot vans in US?

According to a report by France's La Tribune cited by Reuters, General Motors and Peugeot are discussing the possibility of selling PSA Peugeot-Citroën commercial vans in the US through The General's dealership network. While specific models and what brand they may sell under stateside are not immediately clear, the move isn't entirely out of the blue, particularly since GM owns seven percent of the French automaker.
Peugeot and GM already have a joint-venture agreement to ease costs associated with vehicle development and procuring parts, and while the progress of the arrangement has been inhibited some by Europe's difficult economy, the two automakers are looking to expand the relationship. With sales in the dumpster, Peugeot's long-term prospects have looked particularly shaky as of late, and GM could use a modern commercial van lineup to better compete with North America's suddenly modern and Euro-fied competition. Mercedes-Benz kicked off the high-roof trend with its Sprinter, and for 2014, Ford is following with its Transit van (joining its smaller Transit Connect sibling), while Chrysler is leveraging its relationship with Fiat to rebrand the Ducato range of vans as Ram Promaster models.
Peugeot already has a full line of commercial van solutions in its stable, from its compact Partner and Bipper models to the larger Expert and Boxer models, which are available in a variety of cargo and people-carrying configurations.

Watch this GMC Sierra pickup slide down a boat launch into a lake

Turns out, the GMC Sierra doesn’t float. In case you were wondering about experimenting, some folks in Illinois already have that covered. You can see the video from WICS ABC NewsChannel 20 above. The only reason this mishap was caught on video is because the news station was running a short standup segment at the boat launch. The truck slowly slips out of view, and eventually, the reporter turns around to see that the real story is taking place behind him. The white pickup and owners were in the process of launching a boat into Lake Springfield when the truck began to slowly make its way too far back with nobody around to save it. Local news and the police reported that nobody was inside the pickup when it submerged itself into the lake. Plus, there were no injuries to speak of. It appears that this is just a good ol' fashioned case of improper boat launching. One minute, thereÂ’s a shiny, new Sierra pickup. Just 30-40 seconds later, and the truck is fully underwater. The camera operator trains in on the folks attempting to launch the boat (that did successfully make it into the water), and predictably, they donÂ’t look pleased. Be safe out there, folks. And if youÂ’re going to drive your vehicle into the water, make sure itÂ’s an Amphicar. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.