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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.

GMC Hummer EV SUV to be fully revealed during Final Four in April

GMC is going to use another large platform to reveal the next chapter in its Hummer story. The GMC Hummer EV SUV will officially be revealed on Saturday, April 3, at 5 p.m. ET during the Final Four. That’s the SUV, not the truck, which has already been revealed. YouÂ’ll be allowed to place a reservation for the SUV at the same time as itÂ’s unveiled during the basketball games. There are no further details about the SUV, but weÂ’ll point out that a decent preview of what the SUV will look like is already out and can be seen here. ItÂ’s going to look a whole lot like the pickup, but will of course be fully boxed in, as an SUV is. WeÂ’ll know more about what GMC has in store in just under a monthÂ’s time.  In addition to the news about the impending SUV, GMC released video footage of the pickup version undergoing winter testing in MichiganÂ’s snowy Upper Peninsula. You can see the video below. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. GM says that itÂ’s using this region to dial in and calibrate the truckÂ’s all-wheel-drive torque distribution, traction control system and stability control. Testing is conducted on snow, ice, and steep and split-friction grades. ThatÂ’s all GM is letting us in on for now, but at least we have the second version of the electric Hummer in our scopes now and will be eagerly anticipating its reveal. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class Bison

McALLISTER, Mont. – Not far from MontanaÂ’s Ramshorn Peak is a beautiful body of water known as South Meadow Creek Lake. It sits just a hair below 9,000 feet and offers beautiful views of the surrounding highlands and — if youÂ’re lucky and the lighting is just right — a clear line of sight to Big Sky Country. To hear the locals tell it, you canÂ’t get there in a pickup truck. Apparently, to a GMC engineer, that comes across as an open challenge. And so I found myself in the two-horse town of McAlllister (not far from Bozeman), chilly in the fog of an early October morning, inspecting a line of GMCÂ’s midsize trucks in their hardest of hardcore variations. One half of the fleet was made up of the standard 2023 Canyon AT4X finished in a beautiful scarlet red; the other half, 2024 Canyon AT4 AEV Editions in a menacing gray that matched the dreary morning sky. Yep, that AEV. The Canyon AT4X is an already-capable little trail monster with all the off-road bells and whistles you could possibly ask for. ItÂ’s a virtual mechanical twin to the new Chevrolet Colorado ZR2, in fact, down to the 2.7-liter four-cylinder that produces 310 horsepower and a whopping 430 lb-ft of torque. Naturally, American Expedition Vehicles managed to turn that dial up to 11. More on that later. Canyon AT4X 3 View 32 Photos To the locals' point above, off-road trucks have existed for quite some time (just ask Marty McFly), but it has only been since their rise in popularity as mainstream commuters that the dedicated four-wheelinÂ’ pickup has really come into its own. The “you canÂ’t get there from here” Maine attitude at Bozeman latitudes betrays somewhat old-school notions about four-wheeling — and the fact that just about everybody in town owns some sort of ATV or side-by-side. The formula used to be pretty simple: You take the shortest SUV frame youÂ’ve got, add big stick axles to the front and rear, and then jack the thing up as high as you can without it falling over at the first sign of an incline. TodayÂ’s torque-monster engines have turned that on its ear. More torque means you can turn bigger tires, and what do bigger tires do? Well, among other things, they lift your truck off the ground. Shove enough tire under a truck and no matter where youÂ’re talking about, you can indeed get there from here. At its core, AT4X isnÂ’t groundbreaking.