Latest news with #V8
Car and Driver
8 hours ago
- Automotive
- Car and Driver
GM Invests $888 Million in U.S. Plant for Next-Gen V-8 Production
General Motors announced an $888 million investment in the Tonawanda Propulsion plant for the production of a next-generation V-8. The Buffalo, New York-based factory will start producing the new V-8s in 2027, which likely aligns with the next-gen Chevy Silverado and GMC Sierra. GM says the engines will usher in better performance and efficiency; the new V-8s will also be built at the company's Flint Engine plant. General Motors has heavily invested in electric vehicles. Over the past couple of years, it has launched everything from the affordable Chevy Equinox EV to the luxurious Cadillac Escalade IQ to the Chevy Silverado EV truck. But GM isn't giving up on internal-combustion engines either, as yesterday it announced that it will be investing $888 million in the production of a new generation of V-8 engines. The sixth generation of GM's small-block V-8 is due to start production in 2027 and will continue to be built at the Tonawanda Propulsion plant in Buffalo, New York. The $888 million investment into the facility will bring new machinery and tools for producing the next iteration of the V-8, as well as renovations to the factory, GM said in a statement. GMC Before 2027, the Tonawanda plant will continue assembling the fifth-generation V-8 power plant, made in both 5.3-liter and 6.2-liter guises. The Tonawanda plant also produces the V-8-based 4.3-liter V-6 found in the Chevy Express van, as well as the 6.2-liter V-8 used in the Corvette sports car. General Motors says the next-generation V-8 that will be built at Tonawanda will be used for full-size trucks and SUVs, and the timeline of production starting in 2027 aligns with the expected arrival of a next-generation Silverado and GMC Sierra trucks. GM's next-generation full-size trucks will be followed shortly thereafter by new versions of the Chevy Suburban and Tahoe, GMC Yukon, and Cadillac Escalade, all of which were refreshed for the 2025 model year. GM says it expects the new engines to improve performance while reducing emissions and becoming more efficient. The investment in the Tonawanda facility follows a $500 million investment in the Flint Engine plant from 2023, which is also dedicated to the production of the sixth-generation V-8. Caleb Miller Associate News Editor Caleb Miller began blogging about cars at 13 years old, and he realized his dream of writing for a car magazine after graduating from Carnegie Mellon University and joining the Car and Driver team. He loves quirky and obscure autos, aiming to one day own something bizarre like a Nissan S-Cargo, and is an avid motorsports fan.
The Drive
9 hours ago
- Automotive
- The Drive
GM's Next-Gen Small-Block V8 Will Arrive in 2027
The latest car news, reviews, and features. A couple of years back, General Motors announced that it was investing about half a billion dollars into its Flint engine plant to support production of its next-generation small-block V8. This week, the company confirmed that it is on track to begin producing new engines in 2027, with an additional investment announced in the company's Tonawanda propulsion plant in Buffalo, New York. While other automakers have been distancing themselves from eight-cylinder engines, this cash injection is even bigger than GM's last, totaling nearly $900 million and signaling that the company intends to keep the V8 in production through at least the end of this decade. The money will go toward new machinery, equipment, and tools, GM's announcement said, as well as facility renovations. Production of the current engine family will continue uninterrupted during the upgrades. GM said this represents the largest single investment the company has ever made in an engine plant. 'Our significant investments in GM's Tonawanda Propulsion plant show our commitment to strengthening American manufacturing and supporting jobs in the U.S.,' CEO Mary Barra said. 'GM's Buffalo plant has been in operation for 87 years and is continuing to innovate the engines we build there to make them more fuel efficient and higher performing, which will help us deliver world-class trucks and SUVs to our customers for years to come.' The focus on trucks and SUVs may not stir the emotions of sports car fans, but the investment itself is still good news. In today's market, if the business case can be made for a V8 in a truck or SUV, that's the best chance it has to see production. And once it's available in the proverbial parts bin, engineers will inevitably try to find more exciting homes for it. Beloved by truck owners and sports car drivers alike, GM's small-block has long served as an icon of American motoring, dating to the Chevrolet V8s of the mid-1950s and continuously in production in one form or another ever since. Though its reputation has become tarnished of late by quality issues that ultimately led to a broad recall of the company's pickups and SUVs, the LT1 and L87 are still two of the best-regarded engines on the market today.
New Indian Express
9 hours ago
- Business
- New Indian Express
OPEC+ meets as oil output hike looms despite falling prices
LONDON: Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June. The move has put pressure on prices, which have also fallen as investors worry that US President Donald Trump's tariff onslaught will cause an economic slump and weigh on demand. Analysts say the hikes have likely been aimed at punishing OPEC members that have failed to meet their quotas, but it also follows pressure from Trump to lower prices. OPEC+ ministers in their online meeting Wednesday reaffirmed the alliance's collective policy, according to a joint statement. But a decision to accelerate output hikes in July is expected to be made by its leading members -- known as the "V8" or "voluntary eight" -- at a meeting on Saturday. Such a decision, however, is not expected to have a major effect on oil prices, which have hovered around a relatively low $60-$65 per barrel. "This potential hike seems largely priced in already (by the markets)," said Ole Hvalbye, commodities analyst at SEB research group. "We expect market reactions to remain relatively muted," Hvalbye said. At a meeting in December, OPEC+ decided to wait until late 2026 to reverse collective cuts of some two million barrels per day (bpd), as well as additional cuts by some member countries of 1.65 million bpd. But the V8 separately decided to reopen the valves this year, reducing further cuts they made and raising output from April by 137,000 bpd and at an accelerated pace by 411,000 bpd in May and June. "There are rumours that the group will move ahead with another triple hike (another 411,000 barrels) in July" at its meeting on Saturday, said analysts at Norwegian financial services group DNB. Analysts see several possible motivations for the production hikes. The move is seen as Saudi Arabia and others penalising members for not keeping to their quotas under the cuts first agreed in 2022. Kazakhstan, which is seen as one of the main laggards, "continues to produce roughly 350,000 barrels above its quota," said Arne Lohmann Rasmussen, an analyst at Global Risk Management. Analysts also note that the production increases came after Trump called on OPEC to slash prices -- meaning to increase output -- in order to contain US inflation. A third reason could be an attempt by Saudi Arabia to drive prices down to add pressure on the US shale business and increase its market share. The next OPEC+ ministerial meeting is set for 30 November 2025.
France 24
11 hours ago
- Business
- France 24
OPEC+ meets as oil output hike looms
The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June. The move has put pressure on prices, which have also fallen as investors worry that US President Donald Trump's tariff onslaught will cause an economic slump and weigh on demand. Analysts say the hikes have likely been aimed at punishing OPEC members that have failed to meet their quotas, but it also follows pressure from Trump to lower prices. OPEC+ ministers in their online meeting Wednesday reaffirmed the alliance's collective policy, according to a joint statement. But a decision to accelerate output hikes in July is expected to be made by its leading members -- known as the "V8" or "voluntary eight" -- at a meeting on Saturday. Such a decision, however, is not expected to have a major effect on oil prices, which have hovered around a relatively low $60-$65 per barrel. "This potential hike seems largely priced in already (by the markets)," said Ole Hvalbye, commodities analyst at SEB research group. "We expect market reactions to remain relatively muted," Hvalbye said. At a meeting in December, OPEC+ decided to wait until late 2026 to reverse collective cuts of some two million barrels per day (bpd), as well as additional cuts by some member countries of 1.65 million bpd. But the V8 separately decided to reopen the valves this year, reducing further cuts they made and raising output from April by 137,000 bpd and at an accelerated pace by 411,000 bpd in May and June. "There are rumours that the group will move ahead with another triple hike (another 411,000 barrels) in July" at its meeting on Saturday, said analysts at Norwegian financial services group DNB. Analysts see several possible motivations for the production hikes. The move is seen as Saudi Arabia and others penalising members for not keeping to their quotas under the cuts first agreed in 2022. Kazakhstan, which is seen as one of the main laggards, "continues to produce roughly 350,000 barrels above its quota," said Arne Lohmann Rasmussen, an analyst at Global Risk Management. Analysts also note that the production increases came after Trump called on OPEC to slash prices -- meaning to increase output -- in order to contain US inflation. A third reason could be an attempt by Saudi Arabia to drive prices down to add pressure on the US shale business and increase its market share. The next OPEC+ ministerial meeting is set for 30 November 2025.
Int'l Business Times
11 hours ago
- Business
- Int'l Business Times
OPEC+ Meets As Oil Output Hike Looms
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June. The move has put pressure on prices, which have also fallen as investors worry that US President Donald Trump's tariff onslaught will cause an economic slump and weigh on demand. Analysts say the hikes have likely been aimed at punishing OPEC members that have failed to meet their quotas, but it also follows pressure from Trump to lower prices. OPEC+ ministers in their online meeting Wednesday reaffirmed the alliance's collective policy, according to a joint statement. But a decision to accelerate output hikes in July is expected to be made by its leading members -- known as the "V8" or "voluntary eight" -- at a meeting on Saturday. Such a decision, however, is not expected to have a major effect on oil prices, which have hovered around a relatively low $60-$65 per barrel. "This potential hike seems largely priced in already (by the markets)," said Ole Hvalbye, commodities analyst at SEB research group. "We expect market reactions to remain relatively muted," Hvalbye said. At a meeting in December, OPEC+ decided to wait until late 2026 to reverse collective cuts of some two million barrels per day (bpd), as well as additional cuts by some member countries of 1.65 million bpd. But the V8 separately decided to reopen the valves this year, reducing further cuts they made and raising output from April by 137,000 bpd and at an accelerated pace by 411,000 bpd in May and June. "There are rumours that the group will move ahead with another triple hike (another 411,000 barrels) in July" at its meeting on Saturday, said analysts at Norwegian financial services group DNB. Analysts see several possible motivations for the production hikes. The move is seen as Saudi Arabia and others penalising members for not keeping to their quotas under the cuts first agreed in 2022. Kazakhstan, which is seen as one of the main laggards, "continues to produce roughly 350,000 barrels above its quota," said Arne Lohmann Rasmussen, an analyst at Global Risk Management. Analysts also note that the production increases came after Trump called on OPEC to slash prices -- meaning to increase output -- in order to contain US inflation. A third reason could be an attempt by Saudi Arabia to drive prices down to add pressure on the US shale business and increase its market share. The next OPEC+ ministerial meeting is set for 30 November 2025.
