General Motors News and Reviews
General Motors Company (NYSE: GM) is a linchpin of the U.S. automotive industry, selling millions of vehicles every year - 8.3 million in 2018, to be precise – and employing more than 170,000 workers. More familiarly known as GM, the auto company counts iconic brands Buick and Cadillac under its corporate umbrella, as well the more utilitarian GMC brand and the budget-conscious Chevrolet badge.
Formed in 1908 in Flint, Michigan, General Motors has a long history with the Great Lakes State. Alongside the Ford Motor Company, GM’s presence in the region and its creation of popular cars under various brands are some of the main reasons that Detroit is so widely known as Motor City. GM is a Fortune 500 company and frequently appears in the top 25 of that list as one of the largest U.S. corporations by revenue.
Here at Torque News, we cover a wide variety of stories involving General Motors, from new models and announcements to the company’s latest technology developments and electric vehicle initiatives. GM plans to release more than 20 new electric models across its major brands by 2023 and you’ll hear about all of them on this site, as well as the latest and greatest from GM’s existing models.
This trend can be used to benchmark a car model vs its competitors within the same price range. There will always be outliers, but in general this trend works as a benchmark. As an example, if the MSRP of a car is 15 K and it sells 1,000 cars that is a failure. If it sells 500,000 cars, the car would be is a resounding success.
There are always qualifiers which have to be taken into consideration, these are either limited production, supply constrained, some other economic mechanism, or new model year/change in style mechanism at play.
The Chevy Bolt is a smaller car with presumably a smaller battery. Pumping that current is not a good idea; Tesla gets away with because of battery size. Sure the Bolt could be designed to throttle back the charge, but then you lose some advantage to the quick charge.
Second issue is battery chemistry. Not all lithium batteries are created equal and they. Tesla uses NCA. The Bolt, if the whispers are to be believed, is supposed to use NCM.
From what I've read NCM degrades faster than NCA.
No other automaker besides Tesla has jumped in to announce a 200 mile BEV. Ford and Chrysler had been non-committal, Toyota and Honda are going hydrogen, and the Europeans believe more on PHEVs, though BMW and Audi may have "concepts" for the future. Even the current BEV market leader, Nissan, hasn't announced anything about its next-generation LEAF or if it will incorporate a 200 mile battery.
Electric vehicle supporters probably sound like broken records by now: “Just wait until battery prices come down, then internal combustion cars had better watch out!” Sure, we have been saying something along these lines since electric cars first re-entered the scene with the Tesla Roadster in 2009 and Nissan LEAF and Chevrolet Volt in 2010. But it really is true.
Don't believe us that fuel economy isn't the number one buying factor? Here is the proof.
Monthly Truck Sales
One of the tell-tale signs on consumer behavior is monthly truck sales. Historically truck sales rise throughout the year and due to various market conditions. For example, gasoline prices have been often tied to new truck sales. When gasoline prices are low, consumers buy more trucks than when it is high.