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GM struggles to sell small cars, plans to lay off 2,084 employees at two plants

Due to low demand for some of its vehicles, General Motors plans to cut 2,084 jobs at its assembly plants in Lordstown, OH and Lansing, MI. At the same time, the automaker also announced plans to invest approximately $900 million in three of its facilities – the Toledo Transmission Operations in Ohio, Bedford Casting Operations in Indiana, and Lansing Grand River in Michigan - for future products. GM will discontinue the third shift at both the Lansing Grand River plant and the Lordstown, OH plant. The Cadillac ATS, Cadillac CTS, and Chevrolet Camaro are made at the automaker's plant in Michigan, which currently has 2,700 employees. The move to eliminate the third shift affects 810 hourly workers, as well as 29 salaried employees, starting on January 16th. The plant in Lordstown, OH currently has 4,500 employees and makes the Chevrolet Cruze sedan. The plan to discontinue the third shift will affect 43 salaried workers and 1,202 hourly employees and will start on January 23rd. As Fortune points out, sales of the Cruze are down 20 percent through October, while sales of the Cadillac ATS and CTS were down 17 percent through the same period of time. In addition to cutting the third shift at both assembly plants, the automaker plans to invest a total of $900 million between three of its facilities for unnamed future products. GM's Toledo Transmission Operations will receive $667.6 million, the Lansing Grand River Assembly plant will receive $211 million, and the automaker's Bedford Casting Operations will get $37 million. Last year, GM cut roughly 500 jobs from its Orion Township factory due to slow sales of the Chevrolet Sonic and Buick Verano, with surging crossover and SUV sales as the most likely culprit. With GM posting much healthier sales figures for the Chevrolet Equinox and Cadillac XT5 compared to the ATS, CTS, and Cruze, it looks like compact SUVs are to blame for this year's layoffs as well. Related Video: News Source: Fortune, General MotorsImage Credit: REUTERS / Rebecca Cook Hirings/Firings/Layoffs Plants/Manufacturing Cadillac Chevrolet GM Coupe Sedan Lordstown Ohio

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.

Porsche and Buick earn top honors in J.D. Power Sales Satisfaction Index Study

Customer satisfaction with car buying has been at a low point over the past few years, as price increases, inventory shortages, and COVID restrictions have complicated every part of the process. There are signs of improvement, however, as J.D. Power’s 2023 U.S. Sales Satisfaction Index Study showed that customer satisfaction has improved slightly from a year ago. J.D. Power rates satisfaction on a 1,000-point scale, finding that it improved seven points to 793 from last year. Improving inventory levels and a slow leveling off of prices have contributed to that improvement, and fewer people are paying above MSRP for new cars. Some auto brands performed better than others with sales satisfaction. Porsche ranked highest among premium brands, followed by Alfa Romeo. Buick took the top spot among mass-market brands, with GMC, Chevrolet, and Mitsubishi behind. J.D. Power also handed out segment-level awards: Premium Cars: Porsche Premium SUV: Porsche Mass-Market Car: Chevrolet Mass-Market SUV/Minivan: GMC Mass-Market Truck: GMC Despite the increase in sales satisfaction, thereÂ’s still room for improvement to reach pre-pandemic levels. J.D. Power noted gaps in salesperson knowledge as an area of improvement. Buyers rated salespeople much better during a gas vehicle purchase than with EVs, citing their expertise as a challenge. Pricing remains a challenge despite an improvement since 2022, and satisfaction is still below pre-pandemic levels. Mass-market buyers reported a slight bump in satisfaction, while premium buyers felt that pricing was less fair than a year before. ItÂ’s an interesting contrast, showing that dealer pricing tactics can significantly impact satisfaction with the sales process. Fewer people may be paying more than MSRP, but several premium models still list with significant markups. Even more interesting is PorscheÂ’s top spot on the satisfaction list, as its cars often sell with huge upcharges, and itÂ’s exceedingly tricky even to get a build allocation for some models. Buick Chevrolet GMC Porsche Car Buying Ownership