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GM promises to add 20 EVs and fuel-cell cars to lineup, paid for by SUVs

DETROIT — General Motors outlined plans on Monday to add 20 new battery electric and fuel-cell vehicles to its global product lineup by 2023, financed by robust profits from sales of gasoline-fueled trucks and sport utility vehicles in the United States and China. "General Motors believes in an all-electric future," GM global product development chief Mark Reuss said on Monday during a briefing at the company's suburban Detroit technical center. Future generations of GM electric vehicles "will be profitable," Reuss said, but added it was not clear when GM could make all its new vehicle offerings zero-emission electric cars. Regulators in China and some European countries have floated proposals to ban internal combustion engines by 2030 or 2040. "We will continue to make sure our internal combustion engines will get more and more efficient," Reuss said. GM shares were up more than 4 percent in midday New York trading on positive comments from Rod Lache, auto analyst at Deutsche Bank. Automakers, including electric vehicle market leader Tesla, lose money on electric cars because battery costs are still higher than comparable internal combustion engines. The company offered sneak peeks of three EV prototypes: a Buick SUV, a sporty Cadillac wagon and a futuristic pod car wearing a Bolt badge. GM funds its forays into new technology using a river of cash generated by old-technology vehicles popular with its core customer base in the United States heartland. In comparison, Tesla has burned through an estimated $10 billion in cash and has yet to show a full year profit. GM earned more than 90 percent of its $12.5 billion in pretax profits last year in North America, amid robust demand for its lineup of large sport utility vehicles and pickup trucks. The company's profitable operations in China rely on consumer demand for an expanding lineup of gasoline powered SUVs. GM has previously announced plans to make some of its future electric vehicles capable of driving themselves in robot taxi fleets. The company offered sneak peeks of three electric vehicle prototypes: a Buick brand sport utility vehicle, a sporty Cadillac wagon and a futuristic pod car wearing a Bolt badge. GM collaborated with Korean battery maker LG Chem to build the Bolt battery system. Company officials did not say what companies would supply batteries for the larger fleet of vehicles promised by 2023. Fuel-cell vehicles will also play a role in GM's future, the company said.

2016 Chevy Volt powertrain video teasers

If there's one thing we've learned about plug-in vehicle fans, you have a thing for seeing your cars get made. The series of videos showing BMW i3 production was strangely popular, as were the shots from inside the VW e-Golf plant. Well, with General Motors pulling the veil off of the 2016 Chevy Volt this week, it's time to take a peek at the production process for that vehicle as well. You're welcome. Up first we've got a clip from CNN Money showing a little bit about how the new Volt's new battery pack and other powertrain components are made. Those of you who are trying to read the lithium tea leaves and see if the new shape reveals that the 2016 Volt will have five seats might want to check it out. Then we've got two clips from GM itself, one showing an animation about the updated Voltec powertrain and another with some B Roll of the old Volt. Since GM doesn't want us to see the new car quite yet, we'll have to enjoy this for now. Watch below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2017 Chevy Corvette Grand Sport brings American fury to Geneva

Power isn't everything – even when it comes to Corvettes. Sure, the mighty, 650-horsepower Z06 is a real peach, but there's a lot to be said for the base Stingray with its naturally aspirated LT1 V8, putting out 460 hp in top spec. That's still plenty of grunt. Now, put that engine in a lightweight, aerodynamic-focused Corvette with super-sticky tires, and you get the new Grand Sport – a naturally aspirated Stingray that can pull up to 1.2 Gs. GM says the new Grand Sport is nearly as quick around its Milford Proving Ground track as the previous-generation ZR1. Specific updates include sticky Michelin Pilot Super Sport summer tires – 285/30ZR19 up front and 335/25ZR20 at the rear. Huge Brembo brakes are fitted to slow things down with a quickness, new stabilizer bars and springs keep the car hunkered down, and a seven-speed manual and eight-speed automatic transmissions are available. Want an even more hardcore package? Option the Z07 pack, which adds carbon ceramic brakes and Pilot Sport 2 Cup tires. Both coupe and convertible versions will be available, and a Collector Edition will come later in the year, painted in Watkins Glen Gray with Tension Blue hash marks, satin black stripes, black wheels, and a blue full leather and suede interior. The 2017 Corvette Grand Sport debuts at this week's Geneva Motor Show, and will go on sale in the US this summer. View 18 Photos View 6 Photos 2017 CORVETTE GRAND SPORT HAS RACING ROOTS A 'purist' model that leverages a half-century legacy of motorsports success - Lightweight architecture and track-honed aerodynamics - An engine offering an estimated 1.05g in cornering capability and up to 1.2g with the available Z07 package - Coupe and convertible available this summer in U.S. and fall in Europe - Grand Sport Collector Edition available later in model year GENEVA – With Corvette Racing in its DNA, the all-new 2017 Corvette Grand Sport is a pure expression of the car's motorsports-bred pedigree. It was introduced today at the Geneva International Motor Show. Like the 2015 Le Mans-winning Corvette C7.R GTE Pro race car, the new Grand Sport combines a lightweight architecture, a track-honed aerodynamics package, Michelin tires and a naturally aspirated engine. The 2017 Corvette Grand Sport offers an estimated 1.05g in cornering capability – and up to 1.2g with the available Z07 package.