2008 Hummer H2 Sut Luxury 9400 Miles on 2040-cars

Auto blog

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.

Mil-Spec 006 Hummer H1 born into the darkness

Mil-Spec Automotive is up to build number six of its Hummer H1s, this one a customer commission for someone with the last name "Bane." This marks the halfway point in the Launch Edition series of 12 models that will run through to next year. Per customer request, the template started with Build 002, also a four-door slantback, but deviates in a few functional ways. That starts with the four-door slantback variant, but this one gets a much larger rear window. The Bold Body and Tire Package stretches horizontal footprint by eight inches, the bodywork by seven inches. Fender flares hulk over 20-inch gun-black rims wearing 38-inch Nitto Grappler tires. Build 006 shuns the executive interior package on Build 002, putting its cushiness on the outside with the Air-Ride Package. That installs eight-way adjustable shocks all around and automatic ride height adjustment. Sounds like the buyer could need it, since the newest unit also gets the 12K Package that ups GVWR to 12,000 pounds, with beefier axles, springs and braking. A 6.6-liter Duramax diesel sits beneath the $1,299 functional hood scoop, the oil-burner's output rated at 500 horsepower and 1,000 pound-feet of torque. And no road trip to Sonora or Medellin would be complete without a 12,000-pound Warn winch, lavish front brush guard and heavy duty rear step bumper, aluminum snorkel, 60-inch overhead light bar, and Paracord interior door handles. We'd think a locking front axle would be a given on this kind of rig, but apparently this H1 makes do with an ARB air locker on the rear. The brief for the design was "simple yet dramatic." Job done, we'd say, with Build 006 terrorizing the ground like black thunder. The price gets attention just as well: $295,039. This kind of drama doesn't come cheap. Featured Gallery Mil-Spec 006 Hummer H1 View 13 Photos News Source: Mil-Spec Automotive Hummer Truck Luxury Off-Road Vehicles Special and Limited Editions hummer h1

2024 GMC Hummer EV 3X Pickup gets a range boost

The 2024 GMC Hummer EV 3X Pickup is getting an update for more range in the new model year. Instead of 355 miles, the new long-range version of the 3X Pickup will go 381 miles. Note that you need to option the 24-module battery pack to get this range figure. However, if you go for the standard 20-module battery pack, GMC says range is improved for 2024, as well. The GM-estimated figure goes from 329 miles for 2023, all the way up to 359 miles for 2024. You should also note that acceleration times are different depending on battery pack, too, as the longer-range model does 0-60 mph in 3.0 seconds versus the 3.5 seconds of the standard range version. The other big choice you’ll need to make is whether or not you tack on the “Extreme Off-Road Package.” This adds 18-inch wheels wrapped by 35-inch mud-terrain tires, four addiitonal underbody camera views for a total of 18, front e-locker with rear virtual locking differentials, heavy-duty ball-spline half-shafts along with more skid plates and underbody shielding. WeÂ’ll also note that range suffers as a result of this equipment. GM only provides the range figure for the upgrade 24-module pack, and it goes down from 381 miles to 359 miles. GMC says the 2024 Hummer 3X Pickup will go on sale to reservation holders this fall and start at $106,945, including the destination charge. Related video: