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GM sees 'strong year' in 2018, then gold in Chevy Silverado for 2019

DETROIT — General Motors said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up more than 3 percent in premarket trading. "GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chief Executive Mary Barra said in a statement. "We are positioned for another strong year in 2018 and an even better one in 2019." GM and its Detroit rivals, Ford and Fiat Chrysler Automobiles, are bringing on new trucks at a time when overall U.S. new vehicle sales have been falling, but truck sales continue to grow as consumers abandon passenger cars in favor of pickups, SUVs and crossovers. GM on Saturday fired a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at the Detroit auto show. The new Silverado, a highlight of the event, is the successor to GM's best-selling vehicle in North America. Sales of the current Silverado rose nearly 2 percent to 585,000 vehicles in 2017. In the coming months, the company will also reveal a revamped GMC Sierra pickup truck. U.S. new vehicle sales fell 2 percent in 2017 after hitting a record high in 2016, and are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. GM said on Tuesday that while it retools a factory in Ft. Wayne, Indiana, to make the new pickup trucks, it will shift some production to an Oshawa, Ontario, plant in order to avoid missing sales in a hot market for the vehicles. The No. 1 U.S. automaker said it will record a $7 billion non-cash charge for its fourth-quarter 2017 earnings related to deferred tax assets. GM said it expects capital expenditure in 2018 of around $8.5 billion, about $1 billion of which will go toward funding self-driving car technology. Last week, the company said it is seeking U.S. government approval for a fully autonomous car — one without a steering wheel, brake pedal or accelerator pedal — to enter the automaker's first commercial ride-sharing fleet in 2019. GM said it expects 2017 earnings per share at the high end of its previously forecast range of $6 to $6.50.

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.

2016 Chevy Camaro to drop 200 pounds

The sixth-generation Chevrolet Camaro makes its grand debut on May 16 at a big celebration on Detroit's Belle Isle. Until then, Chevy's strategy seems to be showing off the pony car's new components piece by piece. With the exhaust headers and front end already on display, the Bowtie is now giving a glimpse at some of the upcoming model's aluminum components. The Camaro is going on a diet for its latest generation, and Chevy claims that the switch to the Alpha platform and other new components shed over 200 pounds compared to the current model. That will put the pony car at around 3,500 pounds. The lower weight will contributes to better fuel economy, quicker acceleration and more direct handling, according to the automaker. Among the changes are aluminum front and rear suspension assemblies (pictured above) that weigh 21 percent less than the current units. Also, Chevy promises in its announcement "links on some models feature an intricate, structurally optimized design made with a rigid composite material that's even lighter than aluminum." In addition to these improved parts, the Camaro uses the lightweight metal for the beam that supports the instrument panel to save 9.7 pounds more. The only two pieces reportedly carrying over to the latest design are Chevy's bowtie and SS badges, and at least one engine in the range is known to be a version of the 6.2-liter LT1 V8. With over a month until the next Camaro's debut, we might get a glimpse of even more of the car's new parts in the coming weeks. Related Video: 2016 Camaro Does More with Less New model is at least 200 pounds lighter than current car 2015-03-30 DETROIT – For the all-new, 2016 Chevrolet Camaro, the team was challenged to improve the handling, acceleration and fuel economy of the award-winning current model. To meet all three objectives, the team focused on a singular mission: reduce mass. By obsessively searching for opportunities to save ounces, the team pared more than 200 pounds off the Camaro compared with the fifth-generation model. As a result, the Camaro does more with less, according to Al Oppenheiser, Camaro chief engineer: "We kept the cornering confidence and control that make the Gen 5 Camaro 1LE so fun to drive, and added a greater sense of agility," he said. "The new Camaro brakes harder, flicks into corners more quickly, and drives out of the corner faster.