Latest news with #CadillacEscaladeIQ
Yahoo
30-05-2025
- Automotive
- Yahoo
General Motors to Make an Investment of $888M in Tonawanda Plant
General Motors Company GM has revealed plans to invest $888 million into its Tonawanda Propulsion plant to support the production of its sixth-generation V-8 engines, which power full-size trucks and SUVs. These new engines are expected to outperform current models while enhancing fuel efficiency and lowering emissions, thanks to advancements in combustion and thermal management the past 15 years, GM has consistently invested in its manufacturing capabilities. In January 2023, it committed $500 million to its Flint Engine plant for the production of the sixth-generation V-8 project. The latest investment is now GM's largest single investment in an engine facility, making it the second plant to take on production of the new engine funding will go toward new machinery, tools, equipment and upgrades to the facility. Tonawanda Propulsion, represented by UAW Local 774, will continue producing the current fifth-generation V-8 while gearing up to begin sixth-generation production in Motors is the top-selling automaker in the United States. The company's hot-selling brands in America, namely Chevrolet, Buick, GMC and Cadillac, are boosting its top line. It is advancing well in its electrification journey. In the final quarter of 2024, GM's EV portfolio became 'variable profit positive' thanks to production scale efficiencies, lower material costs and expansion of the portfolio with the Cadillac Escalade IQ and Sierra EV launches. The company expects to cut EV-related losses further this year. Also, General Motors' deals with Vianode, Lithium Americas, LG Chemical, POSCO Chemical and Livent have boosted its EV supply chain, aligning with its long-term electrification goals. General Motors carries a Zacks Rank #5 (Strong Sell) at better-ranked stocks in the auto space are CarGurus, Inc. CARG, Strattec Security Corporation STRT and Michelin MGDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for CARG's 2025 sales and earnings implies year-over-year growth of 4.96% and 25%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 44 cents, respectively, in the past 30 Zacks Consensus Estimate for STRT's fiscal 2025 sales and earnings implies year-over-year growth of 3.49% and 8.11%, respectively. EPS estimates for fiscal 2025 and 2026 have improved 73 cents and 91 cents, respectively, in the past 30 Zacks Consensus Estimate for MGDDY's 2025 sales and earnings implies year-over-year growth of 0.43% and 37.76%, respectively. EPS estimates for 2025 and 2026 have improved a penny and 4 cents, respectively, in the past seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Michelin (MGDDY) : Free Stock Analysis Report CarGurus, Inc. (CARG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
23-05-2025
- Automotive
- Yahoo
General Motors makes surprising announcement about the price of its electric vehicles: 'We feel good'
Inside EVs reported that General Motors is not planning to raise prices due to the current administration's tariff policies. "We now expect pricing to be relatively consistent for the remainder of the year." GM CFO Paul Jacobson stated, according to the report. This announcement is surprising. Several of GM's EVs are assembled in Mexico, so the company is bracing for a huge cost impact in the billions of dollars. However, according to the Inside EVs report, GM is currently planning to hold steady on consumer pricing through the rest of the year. The article cites that the Equinox EV is currently the most affordable EV in the U.S. and that GM credits its Mexico build location for keeping costs so low. The low price, coupled with the vehicle's 300-plus mile range, has made Chevrolet the fastest-growing EV brand in the country. GM said it is expecting a $4 billion to $5 billion impact based on the current tariff policy, affecting imports from Korea, Mexico, and Canada. It plans to offset some of the costs with "self-help initiatives" and increased U.S. production of battery components, according to the report. Switching from a gas-powered vehicle to an EV has environmental and financial benefits. EVs do not produce air pollution that contributes to the warming of the planet, so it is a more eco-friendly transportation choice. EV owners can say goodbye to rising, fluctuating gas prices, saving money over time. Some EV skeptics cite the negative environmental effects that are a result of the pollution created during the battery manufacturing and charging process. While there is an environmental impact, the process is getting cleaner over time and has minimal negative effects in comparison to the 16.5 billion tons of fuel required for powering traditional gas vehicles. Roughly 30 million tons of minerals are dug up annually for the more affordable energy transition to EVs, and these minerals can often be reused, further reducing the environmental impact. Jacobson is confident that GM's wide EV lineup – from the $35,000 Equinox EV to the $130,000 Cadillac Escalade IQ – will help the company maintain pricing. "We feel good about where pricing is versus where we started the year, so we've assumed things remain constant from here," Jacobson said, according to Inside EVs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
23-05-2025
- Automotive
- Yahoo
General Motors makes surprising announcement about the price of its electric vehicles: 'We feel good'
Inside EVs reported that General Motors is not planning to raise prices due to the current administration's tariff policies. "We now expect pricing to be relatively consistent for the remainder of the year." GM CFO Paul Jacobson stated, according to the report. This announcement is surprising. Several of GM's EVs are assembled in Mexico, so the company is bracing for a huge cost impact in the billions of dollars. However, according to the Inside EVs report, GM is currently planning to hold steady on consumer pricing through the rest of the year. The article cites that the Equinox EV is currently the most affordable EV in the U.S. and that GM credits its Mexico build location for keeping costs so low. The low price, coupled with the vehicle's 300-plus mile range, has made Chevrolet the fastest-growing EV brand in the country. GM said it is expecting a $4 billion to $5 billion impact based on the current tariff policy, affecting imports from Korea, Mexico, and Canada. It plans to offset some of the costs with "self-help initiatives" and increased U.S. production of battery components, according to the report. Switching from a gas-powered vehicle to an EV has environmental and financial benefits. EVs do not produce air pollution that contributes to the warming of the planet, so it is a more eco-friendly transportation choice. EV owners can say goodbye to rising, fluctuating gas prices, saving money over time. Some EV skeptics cite the negative environmental effects that are a result of the pollution created during the battery manufacturing and charging process. While there is an environmental impact, the process is getting cleaner over time and has minimal negative effects in comparison to the 16.5 billion tons of fuel required for powering traditional gas vehicles. Roughly 30 million tons of minerals are dug up annually for the more affordable energy transition to EVs, and these minerals can often be reused, further reducing the environmental impact. Jacobson is confident that GM's wide EV lineup – from the $35,000 Equinox EV to the $130,000 Cadillac Escalade IQ – will help the company maintain pricing. "We feel good about where pricing is versus where we started the year, so we've assumed things remain constant from here," Jacobson said, according to Inside EVs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Sign in to access your portfolio
Forbes
18-05-2025
- Automotive
- Forbes
2025 Cadillac Escalade IQ Is An Outrageous Moveable Electric Feast: First Take
Attendees view the Cadillac Escalade IQ 1000E4 full-size electric luxury SUV during the AutoMobility ... More LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024. US auto giants signaled November 20, 2024 that they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration eager to reverse key Biden climate initiatives. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images) Cadillac has a new, more elegant take on the shamelessly big EV – the 2025 Cadillac Escalade IQ. The Tesla Cybertruck and GMC Hummer SUV now have some company in the bigger-than-life EV department. The new electric version of the Escalade – a first for the iconic Cadillac nameplate – is a gilded beast, tricked out with every luxury feature you could desire. I'm not used to this much luxury in a car (but I could easily get used to it). I'm driving the Escalade IQ Luxury 2 for a week. The following is a brief first-take review. As a yardstick, I'll compare it to two other giant high-profile electric vehicles, the Cybertruck and GMC Hummer EV. Before the IQ arrived, I had just finished a test drive of the Cadillac Optiq, a compact crossover EV at the other end of the size/weight spectrum. So, I expected a step down in speed and torque. Nope. Despite the 9,000 pound+ weight and three rows of seats, the IQ keeps up with the much smaller (5,000-pound) Optiq. That's with the acceleration features toggled on (Velocity MAX and sport mode). That was a surprise considering its size. Cadillac says the IQ does 0-60 in under 5 seconds. I believe it now. It produces 750 hp and 785 lb.-ft. of torque with Velocity Max. The IQ is rated at 450 miles of range. I have never test driven an EV with this kind of range. It changes everything. No more ABCs (always-be-charging) – a state of mind that afflicts every EV driver. And, when you do need a charge, the charging rates are very fast based on my testing at Tesla Superchargers. GM estimates 100 miles of range in about 10 minutes at a public DC Fast Charging station. So far, I've been charging at between 300 and 350 miles, so I haven't gotten the rates that GM publishes. (With EV charging, when the battery's charge exceeds 70-80 percent, charging rates drop off.) But even when I charged from 350 to the max of 450, it was fast. As fast as the rates on a Lucid EV I drove last year. 2025 Cadillac Escalade IQ getting a fast charge at a Tesla Supercharger. The Escalade IQ I have came with a Tesla NACS adapter. I've been charging exclusively at Tesla Supercharger stations. Pure plug-and-play, i.e., you plug in and it just works. As a rule, I avoid Electrify America (when I can) based on years of frustration. A 55-inch curved LED display makes navigating information easy. Curved Pillar-to-Pillar LED Display: A 55-inch curved LED display makes navigating information much easier than other EVs I've tested. AKG Studio Reference Audio System: The Escalade IQ offers an available 36-speaker AKG Studio Reference audio system. Rear-Seat Entertainment: Dual 12.6-inch displays with streaming to keep rear passengers entertained. Air Ride Adaptive Suspension & Magnetic Ride Control: this adjusts the vehicle's height and damping for handling various driving conditions. And Four-Wheel Steering improves maneuverability at low speeds and stability at high speeds. I've tested the most recent Tesla Full Self Driving (FSD) updates 3 times in the past two months on the new Tesla Model Y 'Juniper" and once on the Cybertruck. Tesla's FSD is amazing. It's basically a robotaxi = the driver is the passenger. The problem is, it's not flawless. That always makes me a little nervous – and I've had few mishaps with FSD in the past. I like the middle ground that GM has settled on with Super Cruise. GM leaves the local driving to you while offering true hands-free driving on the highway. Once you're on the highway, Super Cruise will take over the driving – steering, acceleration, braking, and lane changes. In my testing of the IQ's Super Cruise on Los Angeles highways, it does 90 percent of the driving on 118, 405, and 5. Think of Super Cruise as a tedium reliever. Let's say you're taking a long trip that involves hours of yawn-inducing highway driving. That's where Super Cruise takes over. It does the dull driving for you. I know people who have resisted any kind of driver assist until I explain to them what it's for. Then they actually try it and are immediate converts. The Escalade IQ Sport 1 starts at about $130,000, while the Luxury 2 that I'm driving is just shy of $158,000.
Yahoo
16-05-2025
- Automotive
- Yahoo
GM's New LMR Battery Could Change the Game: Is it Ready to Lead?
General Motors GM is setting the stage for a big leap in EV battery innovation. The company just revealed plans for a new lithium manganese-rich (LMR) battery technology that could dramatically lower costs and boost the performance of its largest electric vehicles (EVs). If all goes according to plan, GM could become the first automaker to bring LMR prismatic battery cells to market — a move targeted for 2028. These new batteries are designed for GM's full-size electric trucks and SUVs like the Chevrolet Silverado EV and the Cadillac Escalade IQ. The LMR chemistry swaps out pricey materials like nickel and cobalt for more common and affordable manganese. This shift not only cuts raw material costs but could also help GM improve the range and weight efficiency of its EVs. GM claims that LMR batteries offer 33% higher energy density than today's top lithium iron phosphate (LFP) cells, all while maintaining comparable costs. This means more miles per charge without driving up sticker prices. Production is already on the horizon. Ultium Cells, GM's joint venture with LG Energy Solution, aims to begin preproduction in late 2027 and full commercial production in 2028. It's all part of GM's broader push to scale its Ultium platform and improve EV profitability. But GM isn't the only auto giant chasing this battery breakthrough. Ford F is also in the race, and it's moving fast. Last month, the company announced that it is developing its own LMR battery chemistry at its Ion Park R&D center in Michigan. Ford has already begun pilot production of second-generation cells and aims to roll out LMR-powered EVs before the decade ends. Ford sees LMR as the 'what's next' solution following its current use of nickel-manganese-cobalt (NMC) and LFP batteries. The company believes the chemistry could unlock longer-range, lower-cost EVs, especially crucial for scaling up mass-market adoption. Tesla TSLA, meanwhile, planted early seeds in this space. CEO Elon Musk floated the idea of high-manganese batteries as far back as 2020 during Tesla's 'Battery Day.' At the time, he said Tesla aimed to create cathodes with one-third manganese content to stretch its nickel supply further. Tesla holds patents related to LMR chemistry, but it is yet to share firm production plans. GM looks set to be the first to market with LMR batteries, Ford is close behind, while Tesla's earlier concepts still await a clear update. Shares of General Motors have lost around 6% year to date compared with the industry's decline of 13%. Image Source: Zacks Investment Research From a valuation standpoint, GM trades at a forward price-to-earnings ratio of just 5.28, significantly below the industry. It carries a Value Score of A. Image Source: Zacks Investment Research The Zacks Consensus Estimate for GM's 2025 sales and EPS implies a 6% and 12% decline, respectively, year on year. Estimates have been southbound over the past 30 days for the current and next quarter, as well as for 2025 and 2026. Image Source: Zacks Investment Research GM stock currently carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
