Latest news with #Silverados
Yahoo
04-04-2025
- Automotive
- Yahoo
Tariff Movement: GM And Volvo Announce Increased Production At US Factories
Read the full story on The Auto Wire Reciprocal tariffs put in place by the United States against a long list of other countries are here and already GM as well as Volvo have announced plans to increase manufacturing inside this nation. While obviously factories take time to set up, it's obvious automakers and other manufacturers are going to be protecting their share in the second-largest market in the world which is arguably the most up, GM just announced today it's making 'operational adjustments' at Fort Wayne Assembly, increasing overtime and taking on extra temporary assembly line workers, reports Fox News. The goal is to increase production of light-duty trucks manufactured there, both the Chevy Silverado 1500 and GMC Sierra 1500. GM has a plant in Silao, Mexico which also assembles Silverados and Sierras. This might mean production there will be dialed down to avoid tariffs. Volvo is not only looking to increase production volume at its US factories but also add an additional model to the mix. That's what the automaker's CEO Hakan Samuelsson told Bloomberg in an interview. Volvo is owned by China's Geely but reportedly operates with a level of autonomy. It's not clear which model would be added, as Samuelsson indicated the company would need to weigh options. As for Mercedes, the automaker is apparently considering if it should shift more vehicle production to the US. That's how Jorg Burzer, head of production, made it sound while speaking with Bloomberg. He emphasized the German automaker has 'made some plans' but is emphasizing 'flexibility' – whatever that means. Meanwhile, Ford has announced it's offering employee pricing to US customers 'for the next few months.' Obviously, this move is to help calm panic about vehicle prices skyrocketing suddenly after many media outlets have stoked incredible levels of fear. Stellantis says it's idling Windsor Assembly Plant in Canada, which assembles the Dodge Charger Daytona and Chrysler Pacifica, plus Toluca Assembly in Mexico, which assembles the Jeep Compass and Wagoneer S, next week, reports Detroit Free Press. Come midnight tonight, a 25 percent tariff will be imposed on any foreign-made cars imported into the US. That might seem harsh, but American-made cars have endured similar tariffs from some nations for decades. That's not exactly the free trade some have pretended it was. Image via Volvo Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.
Yahoo
20-02-2025
- Automotive
- Yahoo
You Need A Pink Suzuki Alto Works In Your Life
Hard truths are rare in the automotive world, but there's one that's unassailable: Kei cars are perfect in every way, and there simply are not better cars out there. We should all be driving kei cars, and the fact that we aren't is an intentional abandonment of perfection akin to staring into Eden's wide-open gates only to turn away. Yet, some genius out there managed to improve upon the best cars we've ever built. It turns out you just have to paint them pink. Well, maybe you need to do a little more than that. You need the exterior paint to be poorly-applied, you the color-matched interior, AC, and gauges, the titanium-look exhaust and the Advan tri-spokes — this Suzuki Alto Works is built to show us all just how good cars can be. This perfection is out there, we just have to know it and seize it for ourselves. Read more: Look at those wheels! That cover over what should be a rear wiper blade! That tiny turbocharged engine with its pod filter for maximum intake noise! We could all have spent the last three decades driving these, but instead we bought sedans and crossovers and trucks. What's wrong with us? Is there something in the American mind that simply can't handle pure beauty, that refuses to acknowledge when perfection sits in front of our eyes? Don't talk about crash tests. Shut up about the crash tests. In a just world, in a world that bent towards morality, we'd have a chicken in every pot and a pink Suzuki Alto Works in every driveway, garage, parking lot, and street parking spot. Alas, we don't live in a world that beautiful and pure. We live in this one, full of Silverados, F-150s, and RAV4s. The Alto Works shows us how good life could be, if only we'd make it so. Read the original article on Jalopnik.
New York Times
28-01-2025
- Automotive
- New York Times
G.M. Has Plans Ready for Trump's Canada and Mexico Tariffs
General Motors executives are closely tracking President Trump's plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs. The automaker has pulled together an 'extensive playbook' of possible options but won't put them in place 'until the world changes dramatically, and we see a permanent level of tariffs going forward,' the company's chief financial officer, Paul Jacobson, told reporters in a conference call on Monday evening. 'I won't go into the details exactly but we've been preparing for that and want to make sure that we are prudent and don't overreact,' he added. Mr. Trump said last week that he planned to impose tariffs of 25 percent on goods from Canada and Mexico starting on Saturday, Feb. 1. If he followed through on those plans, the tariffs would deal a big blow to G.M. and other automakers that produce vehicles and components in those countries, and probably increase the prices of many vehicles sold in the United States. G.M. produced nearly 900,000 vehicles in Mexico in 2024, more than any other carmaker, and most of those were shipped to the United States. Among them are the Chevrolet Silverado and GMC Sierra pickup trucks, as well as the Chevrolet Equinox sport-utility vehicle — all top-sellers and big sources of profit for the company. It also produces some Silverados and electric delivery vans in Canada. G.M. said on Tuesday that it lost $3 billion in the final three months of 2024, stemming from a $4 billion noncash expense related to a restructuring of its joint venture operations in China. The company's revenue in the quarter rose 11 percent. For all of 2024, G.M. reported a $6 billion profit, down from $10.1 billion in 2023. Almost all of its profit came from North America. The company also said its electric vehicle business is making progress toward becoming profitable. The company produced about 189,000 electric vehicles in North America last year and hopes to produce about 300,000 in the region in 2025, Mr. Jacobson said. G.M.'s electric vehicle business may also suffer if Mr. Trump and Republicans in Congress repeal or reduce Biden-era tax breaks that make those cars and trucks more affordable and give companies incentives to manufacture batteries in the United States. In a letter to shareholders, G.M.'s chief executive, Mary T. Barra, said the company has stressed in its conversations with Congress and the White House the importance of a strong manufacturing sector and American leadership in advanced technologies. 'Whatever happens on these fronts, we have a broad and deep portfolio of ICE vehicles and E.V.s that are both growing market share,' she said, referring to vehicles with internal combustion engines as well as electric vehicles, 'and we'll be agile and execute as efficiently as possible.' Because of the company's strong performance in North America, G.M. said it would pay bonuses of $14,500 each to 46,000 members of the United Automobile Workers union who work in its U.S. plants.
