2008 Hummer H2 on 2040-cars

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GM raises 2023 guidance on strong sales, higher profits

General Motors beat first-quarter profit estimates and raised its full-year earnings and cash-flow guidance after vehicle demand at the start of the year surpassed expectations. Its shares rose in premarket trading. GM made $2.21 a share in adjusted profit in the first quarter, compared to a consensus forecast of $1.72 a share. Revenue rose 11% to $39.99 billion, it said Tuesday, which was more than the $39.24 billion analysts expected. The stronger results stem from rising sales in the US, even in the face of higher interest rates and inflation. GM executives said demand was strong enough to revise 2023 guidance upward, boosting profit estimates for the year by $500 million to between $11 billion and $13 billion. “We did it with strong production and inventory discipline and consistent pricing,” GM Chief Financial Officer Paul Jacobson said on a call with journalists. “All in all, weÂ’re feeling confident about 2023.” The Detroit automaker raised per-share full-year guidance to between $6.35 and $7.35, up from $6 to $7 a share, and said free cash flow would also increase by $500 million to a range of $5.5 billion to $7.5 billion.  GMÂ’s shares pared a gain of as much as 4.4% before the start of regular trading Tuesday, rising 3.5% to $35.50 as of 6:55 a.m. in New York. The stock was up 1.9% for the year as of the close on Monday.  North American Strength The automakerÂ’s sales were particularly strong in North America, where first-quarter earnings rose before interest and taxes rose to $3.6 billion. Vehicle sales rose 18% to 707,000 in the region. Jacobson said the company originally expected to sell 15 million vehicles in the US this year, slightly less than the 15.5 million annualized rate automakers foresaw in the first quarter. North American demand was enough to offset a weak performance in China, GMÂ’s second-largest market. The automaker continues to struggle in the country, where its vehicle sales fell 25% to 462,000 vehicles in the quarter. Profits from its joint ventures in the market slumped 65% to $83 million.  The market has struggled overall in the wake of Covid-19 restrictions and foreign automakers have had to overcome a growing preference for Chinese brands by competing on price, squeezing profit margins. The situation in China probably wonÂ’t significantly improve until the second half of the year, according to Jacobson. GM remains on target to sell 150,000 electric vehicles this year, the CFO said.

Maniac intentionally crashes Hummer into Virginia diner

A Virginia man is in police custody today after ramming his SUV into a restaurant and causing a massive fire. Employees at the Silver Diner in McLean, VA were in the middle of the lunch rush when around 12:30 p.m., according to NBC Washington, a gray Hummer crashed into the restaurant's front door. The SUV driver backed the vehicle up and rammed the building again, striking a patron and trapping him between the SUV and the door. The driver rammed the restaurant a third time and his Hummer burst into flames. "There was total pandemonium in the restaurant," Will Yeatman, a witness who was having coffee at the diner at the time of the incident, told NBC. A chaotic video shot by Yeatman shows people in a state of panic, screaming, or dragging the wounded away from the burning vehicle. Some witnesses tried to save the Hummer driver from his burning vehicle, but he tried to fight them off. "He was fighting," witness Janie Watkins told NBC. "He said, 'Get away from me. Leave me alone, leave me alone." He was eventually extracted from the vehicle after witnesses cut his seat belt and pulling him out. The driver, whose name has not been released, was identified as an employee of the restaurant who had taken bereavement leave on April 5. He had been an employee of the restaurant for two years, and in an official statement the Silver Diner stated that the company had "no indication that the employee would harm himself or others." The unnamed employee was fired in the wake of the incident. Three people were taken to a local hospital, and one victim was treated at the scene. Police have not indicated yet whether the driver will be charged with a crime. Related Video: News Source: NBC Washington Weird Car News Hummer Driving Safety SUV Videos car fire

Robby Gordon withdraws from 2016 Dakar after stupid accident

Accidents are bound to happen in motorsports, and for that very reason, modern racing vehicles are built to a very high standard of safety. Unfortunately, the accident that caused Robby Gordon to withdraw from the 2016 Dakar Rally involved a road-going Hummer H2 driven by members of the American racing driver's support staff – a vehicle without racing harnesses or roll cages. As the video above shows, this is one accident that was completely avoidable. According to news reports flowing out of Argentina, Gordon had already finished the 13th and final stage of Dakar and was driving his HST Gordini competition truck on a highway headed to the podium where all the back-patting, trophy presentations, and champagne sprays typically happen. Along the way, someone from Gordon's crew decides to pass some bottles and paper bags, window-to-window, from a support vehicle to Gordon's race machine. At about 80 miles per hour. Does that sound like a bad idea to anyone else? And a bad idea it ultimately was. Gordon swerved one too many times to get closer to his support car, coming into contact with it and causing what looks to be a pretty bad accident. Making matters worse, a member of Gordon's team was hanging halfway out of an open window with bottles in hand at the time of the accident. Reports indicate there were two injuries. Thankfully, everyone will apparently recover. It's not clear where exactly Gordon would have finished had he not withdrawn. It is clear, however, that this was a stupid maneuver that never should have happened. For those keeping track, this latest incident isn't the first time Robby Gordon has been involved in an off-road rally accident, having injured a spectator in the 2015 Baja 500. According to Autoblog.com.ar (no relation), Gordon's Dakar accident is under investigation. News Source: Autoblog.com.ar, YouTube Motorsports Hummer Safety Racing Vehicles Videos Dakar Rally robby gordon