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If you think that electric-vehicle startups like Tesla would push mainstream automakers out of the EV game, think again. In fact, General Motors has had such strong demand for the Chevy Bolt that it had to increase production. In its financial reports for the first half of this year, GM confirmed that it’s ramping up production of the electric hatchback by 20 percent thanks to strong demand in the US, Canada, and South Korea. Global sales of the Bolt have been up more than 40 percent from January through June of this year. Chevy sold 7,858 units of the Bolt just in the US so f...
Sedan sales are falling across the industry, and automakers are reacting to this. General Motors reacts by halving Cruze production at its Lordstown, Ohio factory, probably impacting around 1,500 workers there. This factory only produces Cruze, and there are working just under 3,000 employees. The news comes as sedan sales, in general, are down 13.2 percent this year while crossover, SUV, and truck sales grew seven percent. Sales for the Cruze are even worse than the industry average, 28 percent. Last year, Chevy sold just over 184,000 Cruze models. The sales' decline forced the...
For those who prefer to purchase green cars, the arrival of the Tesla Model 3 and the new-generation Nissan Leaf electric vehicles can't come soon enough. U.S. sales of hybrids and plug-in vehicles last month fell from year-earlier totals, as Tesla customers awaited deliveries of the Model 3, whose 310-mile single-charge range was confirmed by the U.S. EPA last week, while Nissan was preparing to sell the 2018 model-year Leaf. November's domestic electric car sales, which had been up more than 8 percent through October, declined 1.9 percent to almost 39,000 units. Plug-in vehicle sales...
It’s the first time ever for Kia and Alfa Romeo to be named finalists for the North American Car, Truck and Utility of the Year Awards. The nine vehicles still in the running for the 2018 awards also include two chances for Honda to extend its winning streak to a third consecutive year. The three car finalists announced Wednesday at the Los Angeles Auto Show are the Toyota Camry, Honda Accord and Kia Stinger. The Camry and Accord, which have long battled for supremacy in the now-fading midsize sedan segment, will be up against Kia's first serious performance car. In t...
With the launch of GM’s next-generation EV platform in 2021 the company is pretty convinced its electrified vehicle business will get more profitable. Automakers have been losing money for years on all-electric vehicles such as the Chevrolet Bolt in exchange for meeting tighter environmental regulations while positioning themselves for an expected increase in demand for alternative powertrains. General Motors plans to sell 1 million EVs annually by 2026, driven by ongoing cost reductions and the debut of at least 20 new all-electric and hydrogen fuel cell vehicles globally by ...