Interview with Mary Barra

[70 copo]

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

[markinnaples]

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.

[markinnaples]

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

[70 copo]

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/

[70 copo]

Not Good.

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

[AnthonyS]

Originally Posted by 70 copo

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.

[70 copo]

Yea I hear you. GM needed to move on this quickly or the bolt could be the next Cobalt style scandal - except bigger.

A car that you cannot be sure you can safely park in your garage at home is shall we say a "game changer"

Imagine being told you are not permitted by businesses to park next to a structure or in a parking garage, or you pull into a hotel and they make you move it out into a field someplace?

[70 copo]

[70 copo]

Originally Posted by 70 copo

Here is the inevitable "Rest of the story" Scratch 1 BILLION off GM's balance sheets... .


https://www.newsmax.com/newsfront/bo...20/id/1033217/

General Motors said on Friday it will recall about 73,000 Chevrolet Bolt electric vehicles at a cost of $1 billion to address fire risks and will seek reimbursement from its battery supplier, LG.

The largest U.S. automaker said the recall covers all remaining Bolt vehicles not previously recalled. GM said it will replace defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. GM said it was pursuing commitments from LG for reimbursement of the recall.

GM said a previous Bolt recall would cost about $800 million. GM also said it has temporarily halted sales of current Bolt electric vehicles.

[rlw68]

"...Putting out different kinds of fires requires different strategies, and a burning gas tank is not the same as burning lithium-ion battery cell pouches. The USFA says EV fires "can exceed 5000 degrees Fahrenheit" and "applying water or foam may cause a violent flareup as the water molecules separate into explosive hydrogen and oxygen gases."


https://www.caranddriver.com/news/a3...s-ntsb-report/