RUMORS RUMORS RUMORS

Last week GM reached a major Platform Sharing deal with Honda.


Some history is in order. Chevy LUV was built by ISUZU... 5th gen Nova 85-88 (Corolla) Geo Prism and Pontiac Vibe all built by Toyota at NUMMI.

So if Mary Barra is good for her word- which is to have GM switch to all EV underpinnings by 2024 - then one way to get there is to continue to sell ICE vehicles through platform sharing agreements.

The agreement signed last week gives Honda access to GM Ultium battery technology but in the end HONDA may get stuck making the ICE platforms that GM no longer wants to make.

ENJOY:naughty:

I like the mid-engine Camaro RUMOR a whole lot more ... :dunno:

https://gmauthority.com/blog/2020/04...amazing-video/

Attachment 173469

All of the talk of the Camaro being built at BG fizzled out when the C-8 emerged as a mid engine.

The Camaro was next proposed to continue as an SUV but the Blazer name was recycled for it.

As of now there is no Camaro past 2023 and no Camaro listed as a product for LGRA after 2023 either.

We will see. According to Mary Barra "the company will need computer coders in greater number than internal combustion engine engineers".

Everything points to GM handing low sales legacy ICE products to another manufacturer to build for sale. Is Honda that Manufacturer? Could be.

Nikola shares pop as much as 53% after General Motors takes 11% stake in electric truck maker

https://www.cnbc.com/2020/09/08/gene...r-nikola-.html

The WSJ did a piece on GM recently (link Below) that really captures all of the changes that are afoot at GM in the moves to go "all electric".

Meaning that GM is willing to completely withdraw from any market that does not have an opportunity to create a near term business case for electric vehicle sales there, and is using the revenue from operational sales of the business asset to fund to the current reinvention of GM as an electric car company-which kind of makes sense because GM stock is in the tank and has stayed there for some time.

I recall the Bail out critics in 2010 saying that after the government bailed out GM it would likely be forced to become a company that we would not recognize - the fear being that GM would be forced to become a different company that would try to leverage a product on the buyer that was radically different and therefore "not good".

Well the radically different part is real and the jury is still out on the "not good" part.

So the docket of Motors Liquidation Corporation pretty much cleared in 2013 and Mary Barra took over in 2014, so what do we have to date?

Since 2015 GM has largely exited India, Russia, is trying to sell its European operations, laid off 8000 salaried employees closed plants in North America, and did the unthinkable to the Australian's- killed the 89 year old "Chevy of Australia" - Holden.

GM was making cars or parts in 25 countries. Now only 9.

So there you have it. GM is essentially burning through its legacy global holdings in order to finance the electric transformation that is underway.

Word was that the Fate of the Camaro was decided in June at the meeting Barra held in the GM Design Dome and this meeting is confirmed in the article.

https://www.wsj.com/articles/the-inc...er-11600438421

Just my opinion here, but to me, they're (GM) jumping off the EV cliff without a parachute when they say they're going all electric in the early 2020's. The electric infrastructure just isn't where it needs to be and it's going to take years to get it where it can sustain a giant influx of electric vehicles.
I always thought now would be the time for McDonald's to install a few electric charging stations at each of their restaurants that are located at interstate exchanges so when the EV's do start coming out, people can stop and eat there while they charge. They could even start charging people for the electricity, and at the same time move their menu up so they offer some better food options along with the some of the old stuff for people on budgets. I think they would make a metric crap ton of money on that.

Another brick in the...new...wall:
https://jalopnik.com/the-2021-gmc-hu...-it-1845431798

GM has the bases covered in the event public sector monies cannot be tapped near term.

Barra is already on the record stating that there is an estimated 20 year transition away from ICE which dates to the time GM was in negations with Honda on platform sharing.

https://gmauthority.com/blog/2020/06...tors-ceo-says/

Not Good.

https://www.reuters.com/article/us-g...-idUSKBN27T2LG

GAH!

Tell me about it!

Mrs. Anthony went out and unplugged ours and went into the system and activated the feature to limit the battery to 90% charging capability.

(I raved about ours earlier on page two of this thread). gah.