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GM profits threatened by glut of pickups

Automotive News reports that General Motors may slash production or ramp up discounts in order to deal with an oversupply of pickup trucks. GM currently has more than double the standard supply of pickups, and the vehicles are threatening to dampen the automaker's profits for 2013. Typically, automakers try to sustain a 60- to 75-day supply of vehicles, but GM is currently loaded with a 139-day supply, as of last month. At the end of November, the automaker was sitting on 245,853 units.
The manufacturer says that it will adjust production accordingly before laying any incentives on the profitable pickups. Even so, there's some concern that the inventory swell could hurt the roll-out of the next-generation Chevrolet Silverado and GMC Sierra. GM actually began slowly stepping back production in August, but it's clear the company will take further action as it heads toward the end of the year and into the next. Analysts predict the automaker could reduce pickup manufacturing by nearly half in the first quarter of 2013.
That still may not be enough to keep GM from laying extra cash on the Silverado and GMC Sierra. While the company's incentive spending was down in November compared to the same month in 2011, both the Ram 1500 and Ford F-150 saw double-digit percentage increases in sales last month while the Silverado and Sierra numbers slid compared to a year prior. Incentive spending could help move more trucks and add some balance to the GM inventory surge.

GM recalls select Chevy Cruze, Sonic and Buick Verano models over airbag issue

General Motors is recalling certain 2012 Buick Verano, Chevrolet Cruze and Sonic models due to a defect in the driver's airbag system. According to the National Highway Traffic Safety Administration, the airbag has a shorting bar which may contact two internal terminals. If that happens during a crash, the supplemental restraint may not deploy, increasing the risk of driver injury. The recall includes a total of 2,949 units.
GM will contact owners and replace the steering wheel airbag coil at no cost. At this point, it's unclear when the recall will begin, though owners may contact the automaker at 1-800-521-7300 for more information. You may also take a closer look at the full NHTSA notice below.

Recharge Wrap-up: Tesla's Europe plans, Chevy Bolt details

Hybrid Cars takes a close look at the battery cooling system and gearbox in the 2017 Chevrolet Bolt. While information is still limited, we can make educated guesses about the car's inner workings. The Bolt's liquid battery cooling system appears simpler than that of the Chevy Volt, eschewing active inter cell cooling plates for what appear to be bottom cooling plates. The Bolt has a coaxial gearbox, with the electric motor and the drive shaft on the same axis. It uses a simpler parallel-helical gear set rather than the planetary reduction set used in the Chevy Spark EV. These simplifications have the benefit of helping lower the cost of the Bolt. Read more at Hybrid Cars. Tesla is planning to expand its Supercharger network in Europe in 2016. While a handful of countries in western and central Europe have an established Supercharger network, many European countries still have no Tesla presence. That should change this year, as a map of planned locations includes Spain and Portugal, Ireland, Scandinavian and Italian expansions, and the first Superchargers in many eastern European nations, including Poland, the Balkans, Russia, Ukraine, Romania and even Moldova. By the end of the year, you should be able to take that electric road trip from Lisbon to Moscow you never knew you were planning. Read more at Teslarati. National Biodiesel Board CEO Joe Jobe sat down for an interview with the Tampa Bay Times. In the interview, Jobe discusses biodiesel's environmental impact and relationship with the fuel market. He talks about its production, and its differences from the other major biofuel, ethanol. Jobe says the biggest challenge is dealing with the petroleum industry, which biodiesel needs to work with despite their differences. "It's a threat when you have the largest, wealthiest most powerful industry in human history making it a top priority to eliminate policy that is aimed at helping incentivize renewable energy," says Jobe. Read more from the Tampa Bay Times. Related Gallery 2017 Chevrolet Bolt EV: Detroit 2016 View 10 Photos News Source: Hybrid Cars, Teslarati, Tesla Motors, Tampa Bay Times Green Chevrolet Tesla Alternative Fuels Biodiesel Electric recharge wrapup