2022 Gmc Hummer Ev Edition 1 Awd 4dr Crew Cab 5 Ft. Sb on 2040-cars

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GM profit dips on truck changeover, but beats estimates

DETROIT — General Motors on Thursday reported a higher-than-expected quarterly profit despite a drop in production of high-margin pickup trucks, as it gears up for new models that are expected to boost profits next year. Like rivals Ford and Fiat Chrysler Automobiles, GM is banking on highly-profitable Chevy Silverado and GMC Sierra pickup trucks to lift profits, as consumers shift away from traditional passenger cars in favor of these larger, more comfortable trucks, SUVs and crossovers. During the first quarter, the process of changing over to GM's new pickups resulted in a drop in production of 47,000 units. GM Chief Financial Officer Chuck Stevens said the production drop had resulted in a drop in pre-tax profit of up to $800 million. Earlier this year, GM said its 2018 profits would be flat compared with 2017, but expected its all-new pickup trucks would boost margins starting in 2019. On Thursday, GM reiterated its full-year 2018 forecast for adjusted earnings in a range from $6.30 to $6.60 per share. The automaker said capital expenditures were more than $500 million higher in the quarter because of investments its new pickup trucks and a family of low-cost vehicles under development with Chinese partner SAIC Motor Corp. On Wednesday, rival Ford said it would stop investing in most traditional passenger sedans in North America. CFO Stevens told reporters on Thursday that GM has "already indicated that we will make significantly lower investments on a go-forward basis" in sedans. 2019 GMC Sierra View 21 Photos GM benefited from a lower effective tax rate in the quarter, but adjusted pre-tax margin fell to 7.2 percent from 9.5 percent a year earlier. Stevens said the company's profit margin should hit 10 percent or higher in the second quarter and for the full year. GM said material costs were $700 million higher in the first quarter, and it expects those costs to continue rising. The automaker said it would counter those increases with cost cutting measures. "It is a more difficult environment than it was three or four months ago," Stevens said when asked about rising commodity prices from potential steel and aluminum tariffs announced by the Trump administration. "But we are confident we can continue to offset that." The company reported quarterly net income of $1.05 billion or $1.43 per share, a drop of nearly 60 percent from $2.61 billion or $1.75 per share a year earlier. Analysts had on average expected earnings per share of $1.24.

One-off 2022 GMC Jimmy shows the convertible SUV that could have been

GMC is seemingly content to let the sixth-generation Ford Bronco take on the Jeep Wrangler on its own. The company left this segment of the market decades ago, but an Arkansas-based builder named Flat Out Autos is bringing the Jimmy back for the 2022 SEMA show. The modern-day Jimmy largely mirrors the Sierra 1500 that it's based on from the tip of the front bumper to the b-pillars. Beyond that, Flat Out Autos added redesigned quarter panels, removed the partition between the cargo box and the cabin, and installed rear seats. It also developed a removable, body-colored hardtop that brings the truck's silhouette in line with the second-generation Jimmy's. Out back, the versatile MultiPro tailgate remains, and the Jimmy keeps the Sierra's rear bumper with a step integrated into each corner. All told, the conversion looks surprisingly good. We bet GMC could sell a lot of these if it decided to jump back into the segment. The interior is mostly Sierra fare, though the front seats tilt forward and carpet lines the cargo box and the inner part of the tailgate. Flat Out Autos hasn't released technical details, so there's no word on what the Jimmy is powered by. More details will presumably be announced in the weeks leading up to the 2022 SEMA show, which opens on November 1, and Flat Out Autos plans to build 25 units.

2015 GMC Sierra Elevation Edition Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy video images of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the 2015 GMC Sierra Elevation Edition. Oh, and if you'd like more Beauty-Roll, click here to see the back catalog.