GM’s CFO meet with Wall Street analysts last week in a private meeting. The message coming out is that GM won’t drop full-size truck prices to increase market share. Rather, it is holding the line. Like Toyota, it seems GM is happy putting profit over volume.
UPDATE from Autonews.com: Federal safety regulators today sent a 27-page letter to General Motors requesting detailed information and documents related to its investigation of whether the automaker waited too long before recalling 1.6 million vehicles last month.
The National Highway Traffic Safety Administration gave GM until April 3 to answer 107 questions about the recall, many of which could require hundreds of pages in response. The recall covers 2005-07 Chevrolet Cobalts, 2003-07 Saturn Ions and five other nameplates.
A federal investigation has been launched to review GM’s handling of a 9 year gap between discovering a problem and issuing a recall. With 1.6 million vehicles involved and 13 people believe to have died, GM is “real sorry.” That’s not quite going to cut it.
For years, automakers have been trying to build an “electric truck” that actually makes sense. Most times, these electric trucks fall well short on towing and power needs of most consumers. Yet, is there a future for small electric trucks? Most likely and this is it.
An interesting trend has been happening of late – automotive suppliers are getting quite a bit of attention.These days, more and more manufactures are blaming parts suppliers for recalls. Cummins diesel engines are all the rage (not just a diesel engine, but a Cummins). And now, news of Tesla and Apple working together to build an iCar. This begs the question – are manufactures becoming less relevant? Does Toyota even matter or do their supplier choices matter more?
When the workers at Volkswagen’s plant in Chattanooga voted against UAW representation, a lot of people were happy. Tennessee senator Bob Corker and governor Bill Haslam, both of whom threatened to yank tax incentives if the UAW won, expressed satisfaction. Conservative commentators around the nation talked about the “death of the UAW,” and commenters here on TundraHeadquarters traded anti-UAW barbs.
To be clear, I’m not a fan of the UAW. While the UAW helps all autoworkers earn more money (UAW labor rates set the standard for the rest of the industry), the union also promotes an “us vs. them” attitude among workers that is neither appropriate or productive. I’ve written time and again about the UAW’s ineptitude and general awfulness.
Yet this time, I think the UAW should have won…and I think the UAW’s loss is a slap in the face to business owners everywhere.