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Chevy Bolt EV might not come to UK

Anyone expecting the upcoming James Bond movie to feature scenes with the suave namesake cruising around London in a Chevrolet Bolt (yes, there are some of us around) will likely be disappointed. That's because it is apparently doubtful that the General Motors flagship division will make right-hand-drive versions of the electric vehicle for the UK. So we'll have to suffice with the dashing spy ripping around town in Aston Martins and the like. The UK's Autocar reported from the Frankfurt Auto Show and quoted a Chevrolet spokeswoman saying the Bolt with be "a global vehicle," though she wasn't more specific, or specific enough for the British. Indeed, GM is prepping to sell the Bolt in the US and will also distribute the EV in Europe with an Opel nameplate. This is how it worked with the Chevrolet Volt extended-range plug-in (known as Opel Ampera across the Pond). That said, the fine citizens of the UK will be left out of the opportunity to buy the electric vehicle, which may make a pretty big splash thanks to a single-charge range of about 200 miles, or more than double anything that's not a Tesla Model S. The Bolt will sell in the US for $37,500 before government incentives kick in. It was announced this past February that the Bolt will go into production at GM's Orion plant near Detroit at some point. For a time, GM thought of changing the name because of potential confusion with the Chevy Volt, but GM confirmed this past spring that the name will stick. The car is expected to go on sale in 2017. Related Video:

Next-gen Chevy Cruze caught cruising in the cold

Spy photographers have caught what looks like the next-generation Chevrolet Cruze out on snow patrol. The camo could be tricking our eyes, but it look like it has an even tidier, more rounded front end and even lower fenders in relation to the top of the hood. And either a chunk of camo has been wedged between the side mirrors and the doors, or the mirrors are up for revision, too.
The door handles have been moved up the side of the car, leading the way to a rear end that grows a bit in length. If the rumors are true, the coming second-generation Cruze sits on the new D2XX platform that will replace the Delta and Theta platforms at General Motors. A global architecture, the Cruze will be the first to get it, but it will underpin everything from next Chevrolet Volt to the Equinox and could be responsible for 2.5 million units by 2018. The next Cruze is expected to begin production in GM's Lordstown, Ohio plant in the third quarter of 2014.

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.