1975 Chevrolet Blazer K5 Cheyenne on 2040-cars

Auto blog

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.

Chevy Volt beats Nissan Leaf again in February

For Chevy, February was a good month for Volt sales. They were up 62.5 percent compared to 2015, as the company locked in 1,126 sales. No one should be surprised, since buyers have a new generation Volt to look at on the lot this year. It was introduced late last year in just 11 states, with the nationwide roll-out not happening until this spring. Nonetheless, GM put the new Volt on sale in the states where it sold the most first-gen Volts, so the sales increase was totally expected. Year-to-date, Volt sales are up 71.8 percent: 2,122 for 2016 vs. 1,235 for January and February of 2015. Over in the Nissan lot, things look pretty much the same. By that I mean both the numbers (steadily down, recently) as well as the car itself. We've had numerous hints about a new Leaf, but nothing confirmed, and that means that fewer and fewer people are interested in the aging first-gen model. By the numbers, Nissan sold 930 Leaf EVs in the US last month, down 22.4 percent from the 1,198 it sold in February 2015. For the first two months of the year, Leaf sales are down 25.7 percent: 1,685 in 2016 compared to 2,268 in 2015. As always, we follow up our flash sales report for the Volt and Leaf with a more in-depth look at all the green cars sold in the US last month. Look for that soon, and discuss the latest numbers – which are a lot like the not-as-late numbers – in the Comments. Related Video: Green Chevrolet Nissan Electric Hybrid ev sales hybrid sales

Lutz dishes dirt on GM in latest Autoline Detroit

Bob Lutz sits down for Autoline Detroit - Click above to watch video after the jump
Autoline Detroit recently played host to Bob Lutz, and, as is always the case, the former General Motors vice chairman dished out some great commentary. Lutz was promoting his new book Car Guys vs. Bean Counters: The Battle for the Soul of American Business, and talk quickly turned to his role as it related to product development and high-level decision making at GM. While on the topic of brand management, Lutz revealed a few rather interesting tidbits about his former employer:
All Chevrolet vehicles were required to have five-spoke aluminum wheels and a chrome band up front, as part of the Bowtie brand's overall image.