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A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)
Markets

GM buyouts cut 5,000 jobs, CFO says

Not much more room seen to raise prices

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Reuters — About 5,000 General Motors salaried workers took buyouts to leave the company, putting the company well on the way to hitting a US$2 billion cost-cutting target, the automaker’s chief financial officer said Tuesday. GM shares were trading down nearly two per cent at midday, even though CFO Paul Jacobson said demand for GM’s
Exterior views of (l-r) the 2023 Chevrolet Silverado 1500 High Country, ZR2 and LT. (Media.chevrolet.com)
Markets, Other

GM’s truck production cut signals a turn in U.S. auto sales

Company to idle Indiana plant for two weeks

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Detroit | Reuters — New vehicle sales in the United States are expected to increase in February, but the decision by General Motors to cut production of large pickup trucks at a U.S. plant points to new challenges for Detroit’s automakers. The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles,
File photo of a 2022 GMC Sierra 1500 pickup. (Media.gm.ca)

GM recalls 825,000 trucks, SUVs over headlight issue

Recall includes 85,000 units in Canada

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Washington | Reuters — General Motors said Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S. automaker said the recall covers various Cadillac CT4 and CT5; Buick Envision; Cadillac Escalade and Escalade ESV, Chevrolet
Pickup trucks roll out of General Motors’ assembly plant at Oshawa, Ont. (Media.gm.ca)
Livestock, Markets, Other

GM CEO says ‘we are selling every truck we can build’

Rising fuel prices not seen undermining big truck demand, yet

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Detroit | Reuters — General Motors CEO Mary Barra said on Monday the automaker is “selling every truck we can build” and expanding North American truck-building capacity, even as U.S. gasoline prices hit record highs. Barra made her comments during the automaker’s annual shareholder meeting. GM is pursuing a two-track strategy: Investing heavily in electric
A General Motors illustration featuring a display version of its 2024 Silverado EV pickup, due for release in the fall of 2023. (Media.GM.ca)
Other

GM to chase rivals with US$105,000 electric Silverado

Less expensive retail Silverado EV to follow in 2024

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Detroit | Reuters — General Motors’ US$35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford and Rivian Automotive. GM CEO Mary Barra on Wednesday told the annual CES technology
GM’s CAMI assembly plant at Ingersoll, Ont. (GM.ca)
Other

GM aims to tackle chip shortage with new designs

Chip-making investments to be in U.S., Canada

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Reuters — General Motors aims to tackle the global semiconductor shortage with new designs built in North America, president Mark Reuss said on Thursday. Reuss told an investor conference GM is working with seven chip suppliers on three new families of microcontrollers that will reduce the number of unique chips by 95 per cent on
Technology updates on the 2022 GMC Sierra 1500 pickup, due to be released this fall, are expected to include a new version of Super Cruise, a hands-free driving feature for use on “divided and compatible” highways. (Media.gm.ca)
Other

GM says chip situation improving

All of automaker's pickup truck plants operating

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Reuters — Top U.S. automaker General Motors said on Friday the semiconductor chip shortage that has hit production at automakers worldwide was abating, while reporting its first quarterly sales fall in a year. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers,”
The 2022 Chevrolet Silverado ZR2. (Media.chevrolet.com)
Other

GM’s pickup money machine gets a technology tuneup

Silverado ZR2 to appeal to extreme off-roading segment

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Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co.,
GM’s CAMI assembly plant at Ingersoll, Ont. (GM.ca)
Other

GM to cut North American production, citing chip shortage

Both GM, Ford cutting truck production

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Washington | Reuters — General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said Thursday. The largest U.S. automaker will halt production next week at its Fort Wayne plant in Indiana and its Silao plant
Screenshot from a U.S. NHTSA video showing a rupturing Takata airbag inflator. (Nhtsa.gov via YouTube)
Other

Ford recalling older-model Rangers over airbag inflators

Deaths, injuries linked to faulty inflators

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Washington | Reuters — Ford Motor Co. is recalling 153,000 older trucks that may have had obsolete Takata air bag modules installed in collision and theft repairs after the Takata recall was completed, the automaker said on Thursday. The second-largest U.S. automaker identified about 8,800 Ford Ranger 2004-06 trucks in Canada and 144,340 in the

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