Crew-short-denali-nav-reverse Camera-leather-4wd on 2040-cars

Auto blog

2022 GMC Hummer EV could get a rival from China's Dongfeng

The popularity of GMC's Hummer EV hasn't gone unnoticed in China. State-owned carmaker Dongfeng is reportedly planning to launch an electric version of the M50 Warrior, a Hummer-like off-roader, that will inaugurate a new sub-brand dedicated to battery-powered trucks. Without citing sources, website Car News China wrote that the division will be called M, a letter that stands for something completely different if the cars that you're into come from Munich. Executives are initially planning three models called M18-1, M18-2, and M18-3, respectively. The M18-1 will reach the market first, and it's described as an electrified M50 Warrior (pictured) with seating for six. Dongfeng will build the M18-1 on a new architecture called MORV that was developed in-house. The powertrain will develop up to 1,072 horsepower, which is 72 horses more than the most powerful version of the Hummer EV, yet the zero-to-60-mph time will check in at under 5 seconds, which is roughly 2 seconds more than the GMC. It will offer around 310 miles of range thanks to a 140-kilowatt-hour battery. Another interesting point is that the M18-1 will supposedly be much lighter than the Hummer EV — it will even weigh less than the gasoline-powered M50 Warrior that it's based on. It will tip the scale at around 6,900 pounds and stretch about 205 inches long, compared to 9,046 pounds and 217 inches for the Hummer. Of course, these numbers are purely hypothetical until the truck starts rolling off the assembly line. Speaking of, production is tentatively scheduled to start in 2023 in a factory that's currently being built in China. Dongfeng expects to sell approximately 4,160 units per month, though nothing suggests that the M18-1 will venture onto the GMC Hummer EV's home turf. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green GMC SUV Electric Off-Road Vehicles

The UAW's 'record contract' hinges on pensions, battery plants

DETROIT - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path to full-time, full-wage status. All three have proposed slashing the time it takes a new hire to get to the top UAW pay rate. The progress in contract talks follows the first-ever simultaneous strike by the UAW against Detroit's Big Three automakers. The union began the strike on Sept. 15 in hopes of forcing a better deal from each major automaker. But coming close to a deal is not the same thing as reaching a deal. Big obstacles remain on at least two major UAW demands: restoring the retirement security provided by pre-2007 defined benefit pension plans, and covering present and future joint- venture electric vehicle battery plants under the union's master contracts with the automakers. On retirement, none of the automakers has agreed to restore pre-2007 defined-benefit pension plans for workers hired after 2007. Doing so could force the automakers to again burden their balance sheets with multibillion-dollar liabilities. GM and the former Chrysler unloaded most of those liabilities in their 2009 bankruptcies. The union and automakers have explored an approach to providing more income security by offering annuities as an investment option in their company-sponsored 401(k) savings plans, people familiar with the discussions said. Stellantis referred to an annuity option as part of a more generous 401(k) proposal on Sept. 22. Annuities or similar instruments could give UAW retirees assurance of fixed, predictable payouts less dependent on stock market ups and downs, experts said. Recent changes in federal law have removed obstacles to including annuities as a feature of corporate 401(k) plans, said Olivia Mitchell, a professor at the University of Pennsylvania Wharton School and an expert on pensions and retirement. "Retirees want a way to be assured they won't run out of money," Mitchell said.

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.