2005 Hummer H2, Auto, 6.0l 4wd, Traction Control, Leather, Moonroof, Tow Pkg on 2040-cars

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GMC's Hummer EV will offer several powertrain options

General Motors confirmed plans to resurrect the Hummer nameplate on a GMC-badged electric pickup, and it's beginning to release details about the drivetrain that will power the model. Speaking to investors, company president Mark Reuss announced buyers will have at least three drivetrains to choose from at launch. The few specifications that have already been announced are impressive. GMC quoted a three-second sprint from zero to 60 mph, at least 1,000 horsepower, and 11,500 pound-feet of torque, though that latter figure undoubtedly corresponds to wheel torque rather than the powertrain's basic output. Most truck buyers don't need Lamborghini-rivaling acceleration, and they'd rather not pay for it, so GMC will also offer more basic versions of its Hummer. "When we go to market, we'll have one-, two-, and three-motor versions offering different ranges, different performance, and different price points to meet customers wherever they may be. If the customer wants a basic package, we'll have that. If the customer wants true off-road capability, and towing capability, we'll have that, too," Reuss said. He stopped short of revealing additional specifications about each configuration. While that sounds expensive to develop and certify, Reuss explained General Motors is keeping costs in check by making the Hummer's powertrain as modular as possible. He compared the platform to an ice cube tray. Its overall dimensions are fixed, but people can choose how many rows they fill with water. What he's likely alluding to is a scalable battery pack whose capacity can be increased or decreased by adding or removing cell packs. As for the motors, we're expecting the entry-level, rear-wheel drive Hummer will come standard with a single motor mounted over the rear axle. The mid-range variant will likely gain a second motor positioned over the front axle to deliver through-the-road all-wheel drive, and the range-topping trim will receive individual rear motors (though they won't be integrated into the wheels) for jaw-dropping performance, and improved off-road capacity.  Economies of scale will come into play, too. While the Hummer is the only electric off-roader whose launch has been confirmed by General Motors, Reuss stated the company's other brands will benefit from it, too. "We'll have a complete lineup of EVs, including the [Hummer EV] and its stablemates," he said.

GM raises 2023 guidance on strong sales, higher profits

General Motors beat first-quarter profit estimates and raised its full-year earnings and cash-flow guidance after vehicle demand at the start of the year surpassed expectations. Its shares rose in premarket trading. GM made $2.21 a share in adjusted profit in the first quarter, compared to a consensus forecast of $1.72 a share. Revenue rose 11% to $39.99 billion, it said Tuesday, which was more than the $39.24 billion analysts expected. The stronger results stem from rising sales in the US, even in the face of higher interest rates and inflation. GM executives said demand was strong enough to revise 2023 guidance upward, boosting profit estimates for the year by $500 million to between $11 billion and $13 billion. “We did it with strong production and inventory discipline and consistent pricing,” GM Chief Financial Officer Paul Jacobson said on a call with journalists. “All in all, weÂ’re feeling confident about 2023.” The Detroit automaker raised per-share full-year guidance to between $6.35 and $7.35, up from $6 to $7 a share, and said free cash flow would also increase by $500 million to a range of $5.5 billion to $7.5 billion.  GMÂ’s shares pared a gain of as much as 4.4% before the start of regular trading Tuesday, rising 3.5% to $35.50 as of 6:55 a.m. in New York. The stock was up 1.9% for the year as of the close on Monday.  North American Strength The automakerÂ’s sales were particularly strong in North America, where first-quarter earnings rose before interest and taxes rose to $3.6 billion. Vehicle sales rose 18% to 707,000 in the region. Jacobson said the company originally expected to sell 15 million vehicles in the US this year, slightly less than the 15.5 million annualized rate automakers foresaw in the first quarter. North American demand was enough to offset a weak performance in China, GMÂ’s second-largest market. The automaker continues to struggle in the country, where its vehicle sales fell 25% to 462,000 vehicles in the quarter. Profits from its joint ventures in the market slumped 65% to $83 million.  The market has struggled overall in the wake of Covid-19 restrictions and foreign automakers have had to overcome a growing preference for Chinese brands by competing on price, squeezing profit margins. The situation in China probably wonÂ’t significantly improve until the second half of the year, according to Jacobson. GM remains on target to sell 150,000 electric vehicles this year, the CFO said.

How a New York cabby can get an MV-1 taxi for just $11k

AM General – the same company that's behind the Hummer – is making it easier for taxi drivers to buy one of its wheelchair accessible cabs in New York. Between the factory's own incentives and those offered by the city, the new MV-1 Empire Taxi can cost as little as $11,200. Unlike other vehicles that can be converted after production for handicapped mobility, the MV-1 is designed by AM General from the get-go as a wheelchair-accessible vehicle. Mobility Ventures LLC – the AM General subsidiary responsible for the MV-1 – displayed a yellow cab version at the New York Auto Show in 2012, and is now bringing it to market as the MV-1 Empire Taxi. Pricing has been announced, and it is rather competitive, to say the least. Mobility Ventures charges $33,000 for one of its wheelchair-accessibly taxis. But the NYC Taxi & Limousine Commission is offering a $14,000 grant toward the purchase of a wheelchair-accessible cab, bringing the purchase price down to $19,000. Of course, the Commission will offer the same incentives towards the purchase of any wheelchair-accessible vehicle, but converting an existing van for the purpose generally costs a good $10-20k. So while a Nissan NV200 Taxi of Tomorrow, for example, might start at under $30k, add in the cost of mobility conversion and you're looking at a lot more – a solid $10k more, according to Mobility Ventures. If the $19k purchase price isn't enough to get New York cabbies on board, the manufacturer and the commission are offering further incentives for some customers. For every wheelchair-bound passenger a driver picks up, the city will pay the cabby 50 cents – that may not sound like a lot, but it adds up over time. What's more, Mobility Ventures will match the incentive for the first 25 customers who buy an MV-1 Empire Taxi, which combined can come to as much as $7,800 in payments over the course of a year. Work that into the equation and the end cost of the new Empire Taxi could come out to just $11,200. Mobility Ventures is working with other cities to offer similar incentives, with negotiations currently under way in Washington with the DC Taxi Commission. Mobility Ventures Unveils New "MV-1 Empire Taxi" for NYC - More Legroom and Luggage Space Than any Other Taxi or Wheelchair Accessible Vehicle - Innovative Program will Match TLC Payments to Drivers for Every Ride in a Wheelchair Accessible Vehicle, Along with Special MV-1 Purchase Discounts NEW YORK, Jan.