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GM now finishing and shipping pickups it had parked for lack of chips

DETROIT — General Motors is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday. "We've made great progress," Steve Carlisle, GM's North American chief executive said at the Reuters Events Automotive Summit. "We're a bit better than halfway through that at the moment and our goal would be to clear out our '21 model years by the end of the year. We'll have a bit of a tail of '22 model years into the new year but not for too long." The global chip shortage has forced automakers like GM to idle production or in some cases mostly build vehicles and then park them until the necessary chips can be installed, allowing those vehicles to be then shipped to dealers. Last month, GM Chief Financial Officer Paul Jacobson cautioned that GM's third-quarter wholesale deliveries could be down by 200,000 vehicles because of chip shortages. He did not break out what share of that was trucks. To expedite transportation of newly-built vehicles to dealers, Carlisle said GM bought a number of car haulers to deliver them from factories or distribution centers. The Detroit automaker has also allowed dealers to pick the vehicles up themselves in some locations. Carlisle said new vehicle inventories have shrunk to below 20 days in the United States due to the supply chain disruptions, but the company wants to get that back up to 30 to 45 days with some getting to 60 days depending on the product line. GM sees sales of gasoline-powered vehicles being steady over the decade and real growth opportunity in electric vehicles and software, with one not undermining the other, he said.  

Corvette owner finds stolen car, but can't get it back [w/video]

It's not too uncommon to hear about owners being reunited with their stolen cars decades after reporting them missing. The story of Terry Dietrich in Georgia starts that way with police finding her lost 1972 Chevrolet Corvette after over 40 years. However, this case takes a different turn because unless she wants to bid on it, Dietrich's likely not getting the 'Vette back. Just six months after purchasing it in 1972, Dietrich's blue Corvette was stolen in Georgia, and in 1975 the sports car found its way to a man in North Carolina. He kept the car right up until his death just a few months ago, and that's when restorer Gary Green bought the 'Vette from his widow, according to Yahoo Autos. Unfortunately, after acquiring the Corvette, Green found some major discrepancies. For one thing, the listed VIN pointed to a '69 convertible, and there was a different serial number on the frame. Green reported the problem to the local police, and they figured out it was the 'Vette Dietrich lost over four decades ago. Consequently, the cops impounded it. The issue now arises that while Dietrich is the victim of the theft, she isn't technically the car's last legal owner. After the Corvette was stolen, she reported the crime to her insurance company, and it paid on the claim, which essentially forfeited her ownership. To make matters slightly more confusing the company can't find the title on the 'Vette either, according to Yahoo Autos. That leaves the well preserved 'Vette sitting in a police impound lot. It will likely go to auction.

Bob Lutz builds the case for a mid-engined Corvette

Rumors of a mid-engine Corvette are like automotive industry folklore at this point. Every once in a while, news pops up that it might be happening or is under development, but nothing actually ever comes to fruition as something people can actually buy. The latest spy shots strongly suggest a mid-engine 'Vette is in the cards, yet again, possibly for 2018. Now, an op ed by former General Motors executive (and definite performance car fan) Bob Lutz in Road & Track gives the inside scoop on the history of one of these proposals and lays out how to make it happen today. According to Lutz, the company's engineers believed the C6 ZR1 was at the limit for front-engine, rear-wheel drive performance in that package, and the only solution was to move the powerplant behind the driver. Lutz even got then CEO Rick Wagoner on board. The scheme made it at least as far as clay models for mid-engine versions of the 'Vette and Cadillac XLR. Eventually, a lack of money got in the way, though, bringing the project to an end. Lutz puts a lot of faith in GM's current leaders, especially Mary Barra and Mark Reuss. He thinks the chances of a mid-engine 'Vette happening this time are better than 50 percent. The model, rumored to be named Zora, could offer over 700 horsepower in an ultra lightweight body and be priced at about $120,000 to "suck the doors off everybody." Head over to Road & Track to get some insights from this highly respected and entertaining auto industry veteran. Related Video: