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GM sees 'strong year' in 2018, then gold in Chevy Silverado for 2019

DETROIT — General Motors said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up more than 3 percent in premarket trading. "GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chief Executive Mary Barra said in a statement. "We are positioned for another strong year in 2018 and an even better one in 2019." GM and its Detroit rivals, Ford and Fiat Chrysler Automobiles, are bringing on new trucks at a time when overall U.S. new vehicle sales have been falling, but truck sales continue to grow as consumers abandon passenger cars in favor of pickups, SUVs and crossovers. GM on Saturday fired a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at the Detroit auto show. The new Silverado, a highlight of the event, is the successor to GM's best-selling vehicle in North America. Sales of the current Silverado rose nearly 2 percent to 585,000 vehicles in 2017. In the coming months, the company will also reveal a revamped GMC Sierra pickup truck. U.S. new vehicle sales fell 2 percent in 2017 after hitting a record high in 2016, and are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. GM said on Tuesday that while it retools a factory in Ft. Wayne, Indiana, to make the new pickup trucks, it will shift some production to an Oshawa, Ontario, plant in order to avoid missing sales in a hot market for the vehicles. The No. 1 U.S. automaker said it will record a $7 billion non-cash charge for its fourth-quarter 2017 earnings related to deferred tax assets. GM said it expects capital expenditure in 2018 of around $8.5 billion, about $1 billion of which will go toward funding self-driving car technology. Last week, the company said it is seeking U.S. government approval for a fully autonomous car — one without a steering wheel, brake pedal or accelerator pedal — to enter the automaker's first commercial ride-sharing fleet in 2019. GM said it expects 2017 earnings per share at the high end of its previously forecast range of $6 to $6.50.

Cadillac could 'flourish' in Australia, says marketing chief

Cadillac might have its best product mix in recent history, and GM's luxury brand is looking to expand. In fact, it might even be making a trip Down Under, at least according to the company's global marketing chief.
Uwe Ellinghaus spoke with Australian site Car Advice at the Geneva Motor Show and said the brand could be quite successful there. "[The] goodwill that the Cadillac brand has is such a good starting base that once we get proper volume commitment and a dealer network behind it we can easily flourish," he said, though he warned that the plans are still in their earliest stages and years away. First, Cadillac will expand in markets with the highest possible sales, like China and Russia.
Ellinghaus said that the most likely models for Oz would be the SRX, Escalade and CTS; the latter would probably act as a replacement for the Holden Commodore. GM's Australian arm is ending local production in 2017, and there have been many rumors about what is happening to the big sedan. However, Ellinghaus admits exporting cars from the US to Australia is going to mean higher prices. In addition to the expense, Cadillac doesn't currently build any right-hand-drive models. It would likely take until the end of the decade before the Aussie models could be ready.

GM will expand Super Cruise to entire U.S. lineup after 2020

General Motors plans to bring its Super Cruise semi- autonomous highway driving technology to its entire U.S. lineup after it rolls it out to all Cadillac vehicles in 2020. Mark Reuss, GM's executive vice president for global product development, made the announcement at the Intelligent Transportation Society of America conference in Detroit. Automotive News reports he also announced plans to offer vehicle-to-everything (V2X) communication in a high-volume Cadillac crossover by 2023 — technology that will also eventually spread across the luxury brand's portfolio. Super Cruise is GM's semi-autonomous, lane-centering driving system that uses lidar mapping, GPS, cameras and sensors. The system offers hands-free driving on the highway, with an infrared camera and lights that track the driver's head position to make sure the driver is paying attention, ready to take over when needed, and not nodding off. If it senses the driver is unresponsive, it can bring the vehicle to a stop on the shoulder and activate OnStar. Super Cruise is already an option on the 2018 CT6 and standard on the Platinum trim model. You can read our First Drive review of the technology here. Meanwhile, Cadillac launched vehicle-to-vehicle technology in the 2017 CTS sedan, allowing equipped Cadillacs to share information regarding speed, direction and location at distances of up to 980 feet to help avoid collisions. By going one step further with V2X, Cadillac can tip off drivers to hazardous road conditions, the status of traffic lights, work zones and threats of crashes. It's the first major announcement from the luxury brand since the departure of former CEO Johan de Nysschen and his replacement by Steve Carlisle in April. Related Video: Image Credit: Cadillac Cadillac GM Technology Emerging Technologies Autonomous Vehicles cadillac ct6 vehicle to vehicle communications Super Cruise