Gee, who would have thought taking away an EV that was rapidly rising in popularity in the Bolt, taking away Apple Car Play / Android Auto from all new Ultium EVs, and then failing to deliver on a promised $30k price for an Ultium based EV would hurt their EVs sales???
Hmm, maybe they should stop trying to rip everyone off? Seems like they thought everyone will pay anything to drive a new EV.
Oh, that’s why they are buying back $10bln of their own shares using taxpayers’money! But Mary “leads”
When’s that California EV mandate???
As slow as the charging rate of the Bolt.
How about instead of complaining about the slow pace…try leading? By example? You know the thing you claimed you were doing?
You’re not leading, Mary…and it doesn’t amtter anymore.
Well no shit. The only EV you have is a 9000 lb tank that costs buckets of money to buy and cant charge in many areas because of weight limits (most parking garages are limited to 7000 lbs)
Then you discontinued the EV that actually sold.
This is the kid that broke their toys on purpose and are crying that they arent getting new ones.
Don’t forget they could barely build a few thousand of the tank. Hard to sell at a meaningful volume if you can’t build the things.
General Motors! Saving failure from the jaws of success.
Now that they’re killing the Camaro and the Corvette, they have no real value.
And instead of investing in their business and expanding production they are drumroll please….
ANNOUNCING STOCK BUYBACKS 🎉🎉🎉
And tellingly, Barra also managed to slip in some praise for the company’s internal combustion engine vehicles, which continue to generate profits for the company at a time when costs are rising across the board. “Our strong ICE business that frankly has gotten stronger, and we still believe there’s growth there,” Barra said.
Sigh. If only GM had actually stuck with the Voltec hybrid powertrain and pushed it forward. 🤦♂️
I still remember the GM AUTOnomy concept from 21 years ago. seemed like an incredible idea at the time then it just… went away
there are big rumors that hybrids may come back in some markets but not necessarily the US but that remains to be seen
They should have made a chevy volt truck.
If it was a good business venture they would have.
You’re right, what was I thinking? GM never makes mistakes.
That assumes people in charge of crunching numbers at GM are perfectly rational and have even studied the possibility. As far as I’m aware there wasn’t even so much as an off hand comment from an engineer at a trade show about looking into reusing the Voltec system on any other platform before killing off the whole line.
It’s entirely possible they did look into recycling the tech elsewhere but GM has a track record of just writing off tech right as they iron out the kinks.
It’s truly is exasperating to think how much R&D went into perfecting that system only for GM to throw it all in the trash. The fact Toyota of all companies is doing a better job selling the concept of the Volt with the Prius and Rav4 Prime trims is just rubbing salt in the wound.
The important takeaway:
“Barra said that while EV growth has slowed, demand is still heading in the right direction, noting that US car buyers were on track to purchase 1 million EVs this year for the first time.
“There’s really no reason that EV demand won’t be higher in the years ahead,” she said. “Consideration is rising, the policy environment is favorable. The public charging infrastructure is growing and customer choice is expanding.”
The more important takeaway for GM: “ Costs will be reined in, factories will be delayed, and stock buybacks will recirculate cash to shareholders”
In other words, in the face of a struggling EV business, instead of increasing investment to actually get it moving, they are cutting investment and focussing on paying off shareholders instead of actually fixing what’s wrong
Oh you mean the subcompact car didn’t sell well? The 100k penis enlarger didn’t sell well. Guess it the powertrain!!!
GM isn’t going to be able to successfully pivot to EVs. They are too addicted to high margin SUVs and trucks to start making sensible, small EVs (be grateful they made the Bolt. The next version will surely be bigger and more expensive). Ford might be able to do it. Stellantis is doubtful. Tesla and some of the other emerging companies like Rivian and then probably Kia/Hyundai/Volvo will own the EV market in the US.
No shit. We know and we don’t care that GM is unhappy. This is like a dumpster on fire rolling downhill.
Just build an electric box with wheels that wont kill us. It doesn’t need an app. It doesn’t need an internet connection or any smart bs or rgb lights. Just make it affordable.
Release some EVs.