Basic Motors Wants $two Billion For Opel/Vauxhall: Report

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What’s the selling price tag for a large automaker’s entire European operations? $ 2 billion, apparently — one billion in money and an additional billion in gained liabilities.

That is the valuation that General Motors and PSA Group are discussing as the American automaker attempts to unload its Opel and Vauxhall divisions, Bloomberg reports.

Sources close to the discussions claim an agreement could be reached as soon as subsequent Thursday. That’s when PSA releases its 2016 earnings report.

However, there’s no shortage of sticking points that could sink the deal. The sources claim issues like pension liabilities, brand worth and savings possible have however to be hammered out.

Germany was shocked to understand of GM’s plans earlier this week, with politicians joining Opel’s performs council and union in expressing concern — bordering on outrage — more than the American company’s failure to seek the advice of them. The sources claim that GM will require to stroll a economic tightrope. On one side, the price has to be low enough for PSA to shake hands, but there also requirements to be expense savings that Germany, Britain and the unions can agree on. A tall order.

Neither nation desires to see any if the assembly plants close, nor drop any of its workforce. Three Opel plants are situated in Germany, whilst Britain hosts two Vauxhall plants.

Whilst an acquisition of Opel/Vauxhall by PSA would assist the companies seize a greater European market share while sharing technology, some merchandise — and the factories in which they’re built — might not have a long lifespan.

“We are prepared to conduct talks with PSA in the case of an acquisition openly and in a constructive manner and to bring those talks to a conclusion as soon as possible,” said Wolfgang Schaefer-Klug, Opel’s top labor representative, stated in a statement these days.

“Our objective need to be to seize the current possibilities to safeguard employment and internet sites to produce a profitable Opel/Vauxhall.”

What the sell-off implies for Buick, which relies heavily on Opel for its U.S. lineup, is up for debate. TTAC, of course, has a handful of ideas.

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General Motors Lied About All US-Sold Chevrolet Cruze Sedans Becoming Produced in America

2017 Chevrolet Cruze Sedan Monroney, Made in Mexico, Image: © Bozi Tatarevic/The Truth About Cars

Update: Added dealer info, sales background.

Contrary to a statement released two days ago by General Motors, it appears not all Cruze sedans sold in the United States are created in the United States.

According to TTAC alum Ed Niedermeyer, a number of 2017 Chevrolet Cruzes — even these for sale at a dealer in Lordstown, Ohio, where GM manufactures the Cruze in the United States — are Hecho en Mexico.

On Tuesday, in response to a tweet from President-elect Donald Trump criticizing Basic Motors importing Cruzes from Mexico, GM stated:

Common Motors manufactures the Chevrolet Cruze sedan in Lordstown, Ohio. All Chevrolet Cruze sedans sold in the U.S. are constructed in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruze hatchback for international markets in Mexico, with a tiny quantity sold in the U.S.

However, right after hunting at VIN numbers for a number of Cruze sedans listed on the internet at dealers throughout the United States, Niedermeyer saw a lot of VINs beginning with the quantity “3.”

All Mexican-created cars have VIN numbers that commence with 3A through 37.

We sent out our personal Bozi Tatarevic to pay a visit to his regional Chevrolet retailer, which lists at least two units with VINs beginning with 3G, to confirm if the VINs listed on-line were appropriate.

2017 Chevrolet Cruze Sedan Monroney, Made in Mexico, Image: © Bozi Tatarevic/The Truth About Cars

This 2017 Chevrolet Cruze Sedan LS Automatic is situated at Flow GM Auto Center in Winston-Salem, NC, and its VIN and Monroney sticker clearly indicate it was assembled in Mexico.

2017 Chevrolet Cruze Sedan Monroney, Made in Mexico, Image: © Bozi Tatarevic/The Truth About Cars

2017 Chevrolet Cruze Sedan Monroney, Made in Mexico, Image: © Bozi Tatarevic/The Truth About Cars

2017 Chevrolet Cruze Sedan Monroney, Made in Mexico, Image: © Bozi Tatarevic/The Truth About Cars

Bark M. was also able to locate 41 Mexican-constructed Chevrolet Cruzes at a single Autonation retailer in Miami.

Made in Mexico Chevrolet Cruze at Autonation in Miami, Image: © 2017 Bark M./The Truth About Cars

Made in Mexico Chevrolet Cruze at Autonation in Miami, Image: © 2017 Bark M./The Truth About Cars

Made in Mexico Chevrolet Cruze at Autonation in Miami, Image: © 2017 Bark M./The Truth About Cars

Made in Mexico Chevrolet Cruze at Autonation in Miami, Image: © 2017 Bark M./The Truth About Cars

Common Motors clarifies statement

According to Nick Bunkley, reporter for Automotive News, on Twitter, Common Motors said it imported Cruzes from Mexico for about three months in 2016 throughout its launch.

Even though, as Nick states, he understood the statement to imply GM imported no Cruze sedans from Mexico, as we did right here at TTAC.

Not driven by demand

Mexican-built Chevrolet Cruze imports aren’t even a matter of higher domestic demand for the second-generation sedan. GM has roughly 80,000 Cruzes in inventory going into December, representing about 4-months supply for the compact. The Cruze accounted for only six % of GM’s U.S. volume in 2016.

“Prior to the false statements General Motors created in response to Trump’s Cruze/Mexico tweets, 2016 was a particularly poor year for GM’s compact car,” stated TTAC’s sales guru Timothy Cain.

“While U.S. sales of passenger automobiles slid 9 %, Cruze volume plunged 17 %, a loss of practically 38,000 sales for GM’s fifth-highest-volume product. Provided the freshness of the Cruze’s total redesign, this sharp downturn wasn’t merely explained by the sector’s decline. GM did, however, de-emphasize sales to everyday rental companies through significantly of 2016, a factor that contributed to the lower.”

Basic Motors did not respond when contacted.

[Photos: © 2017 Bozi Tatarevic/The Truth About Automobiles]

Automobile Testimonials – The Truth About Vehicles

Mercedes’ Inline-Six Tends to make the Rest of Its Impressive New Motors Appear Like Mechanical Plebs

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Mercedes-Benz is introducing a host of new engines with clever shared modular components, such as a standard 500cc cylinder displacement.

These new engines include a new AMG-developed twin-turbocharged V8 for the S-Class and one of the most encouraging mechanical additions to the automotive landscape seen in a even though — a higher-tech inline-six especially designed to compete with, and outclass, bigger motors.

While Mercedes wants to maintain you interested with claims of vastly enhanced economy across platforms, enhanced efficiency is certainly not the most impressive bit of engineering on offer. For example, the aforementioned inline six-cylinder features 48-volt systematic electrification, so there’s no belt drive for ancillary elements at the front of the engine. This reduces the overall length of what would typically be a pretty long motor and frees it up for packaging in regions that may have not worked otherwise.

Those 48 volts also work with the engine’s electric turbocharger. Mercedes claims that it only takes the e-turbo .three second to attain 70,000 rpm, followed by the bigger twin-scroll exhaust-driven turbo. The intended result is seamless linear power delivery with out any turbo lag. The new inline-six is rated by the organization to “at least” 408 horsepower and 369 lb-ft of torque and Mercedes says it’ll come in silky smooth with 15 percent greater CO2 emissions than the current V6 getting presented.

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The other spec sheet darling is the slightly reduced tech M176 twin-turbo four.-liter V8. Though, on paper, this engine appears really related to the four. biturbo that Mercedes-Benz is already generating, right down to the matching 17 pounds per square inch of increase stress.

Mercedes says this V8 will output over 476 hp and 516 lb-ft in the upcoming 2017 S-Class with a ten % improvement in economy — partly due to cylinder deactivation. However, cylinder shutoff is only active in an engine-speed range of 900 to 3,250 rpm and only when the automobile operator has chosen 1 of two conservative driving modes. Otherwise, it’s a complete-time V8.

In addition to two diesel engines that are somewhat much less probably to show up in North America, Benz is also offering a sensible two.-liter turbo 4 for subsequent year’s much more financial models. The package contains twin-scroll turbochargers that merge the exhaust gas ducts of cylinder pairs into a “flow-optimized” manifold. Mercedes says this setup aids in the production of low-rpm torque. The engine also has a belt-driven 48-volt starter-alternator that is accountable for for fuel-saving hybrid functions such as energy recovery, imperceptible on/off at stops, and boosting the engine-speed range up to 2,500 rpm.

[Pictures: Mercedes-Benz]

Car Critiques – The Truth About Automobiles

Common Motors Beats Ford to Hybrid Pickup Punch … Once again

2016 GMC Sierra with eAssist, Image: General Motors

Common Motors will test the coastal waters with mild-hybrid versions of its 1500-series trucks beginning this spring, the automaker announced Thursday.

A total of 500 Chevrolet Silverado and 200 GMC Sierra eAssist trucks will be sold exclusively to granola-fed Californians. GM claims the trucks are very good for a 13-percent increase in city fuel efficiency, the natural habitat of the vinyl trading, furnishings refinishing, kale-consuming millennials hopefully interested in a full-size domestic pickup.

The most current effort is unlike GM’s earlier foray into utilitarian electrification, which employed a two-mode hybrid system on GM’s full-size pickups and SUVs jointly created with BMW and the former DaimlerChrysler. The new, modular eAssist system will rely on a modest lithium-ion battery providing electrons to a 13 horsepower compact induction electric motor. The method adds electric power increase, quit/start off capability, and regenerative braking to equipped pickups.

2016 Chevrolet Silverado eAssist, Image: General Motors

According to General Motors, the mild-hybrid technique is mated exclusively to two-wheel drive trucks powered by the five.3-liter EcoTec V8 engine and eight-speed automatic transmission. Battery cells are the identical as those located in the Chevrolet Malibu Hybrid, and computer software controls are lifted from the Chevrolet Volt, the company stated in its release.

By employing the new tech, Basic Motors claims its V8 engine can run in four-cylinder mode for longer periods of time thanks to assist from its electric motor, enhancing efficiency in the approach.

Total technique output is estimated at 355 horsepower and 383 lbs-ft of torque, with 13 horsepower and 44 lbs-ft provided by the electric motor.

If this distinct solution interests you, count on to shell out “just over $ 50,000″ for the GMC Sierra eAssist, mentioned item representative for Sierra light-duty pickups Kelly Wysocki. That’s ahead of the inescapable taxes associated with living in California are tacked on leading. TTAC estimates Chevrolet models will be in the mid-$ 40,000 range prior to taxes and fees. The Silverado eAssist will sell for a far more modest $ 42,950 which includes location.

The eAssist powertrain will only be available in Silverado 1LT and Sierra SLT Premium trims.

Ford is planning to give its F-150 pickup hybrid capability by 2020. Chrysler has created an all-new hybrid powertrain for the Pacifica minivan, but the Auburn Hills automaker stated the minivan will be the biggest automobile in its fleet to use the system. GM killed off its earlier two-mode hybrid pickups with the introduction of its present-generation models.


The Truth About Vehicles » Auto Evaluations

So Wait, We’re All Operating for General Motors Now?

General Motors is exploring a new mapping technology from Mobile

Current cameras on Basic Motors automobiles could help the automaker draw detailed maps for future self-driving vehicles, the automaker announced Tuesday.

GM mentioned the technology, which it is developing with Mobileye and will be referred to as “Road Encounter Management,” would use current cameras and OnStar systems to upload “crowd-sourced” maps to the automaker to support future autonomous driving.

“GM is committed to bringing semi-autonomous and fully autonomous cars to our clients, and this technologies will be a critical enabler to obtaining us there,” Mark Reuss, GM executive vice president, mentioned in a statement. “We are preparing to discover the integration of REM into existing GM system launches sometime later this year.”

But I do not even like bagging my personal groceries.

According to the automaker, Mobileye’s sensors can generate true-time “high-definition” lane information and landmark recognition data at roughly 10 KB per kilometer. That’s uploaded by way of OnStar to draw detailed, continuously updated maps.

Autonopods will use that info later to determine just exactly where in the hell to take you while you’re watching Netflix and not paying interest to exactly where you’re being driven.


The Truth About Vehicles » Vehicle Evaluations

Common Motors Says Diesel Canyon and Colorado Are On Their Way

2016 Chevrolet Colorado Diesel

Right after delaying its Chevrolet Colorado/GMC Canyon diesel trucks for a “final validation” situation, Basic Motors mentioned Tuesday that the trucks would be on their way to dealers.

“The extremely anticipated 2016 GMC Canyon diesel has begun shipping to dealers. We appear forward to getting these trucks in the hands of our customers and appreciate their patience,” GMC spokeswoman Kelly Wysocki said in a statement.

Earlier this month we reported that folks who ordered the truck — in some cases as far back as August — said GM was delaying delivery. A GM spokesman said the trucks were delayed due to a “final validation” problem. GM didn’t specify what the “final validation” situation was with the trucks, nor did they say why they were delayed.

When it announced the truck last year, GM mentioned it would deliver those trucks by Fall 2015. The diesel-powered truck underwent extra testing by environmental officials ahead of receiving its certification in November.

A spokesman for GM mentioned the delay was not associated to the trucks’ certification by the EPA, but did say that the delay only affected diesel-powered trucks.


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