2014 Cadillac Cts Vsport Rwd on 2040-cars

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GM posts $4 billion third-quarter profit thanks to trucks and SUVs

DETROIT — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak. GM's adjusted earnings were $2.83 per share, easily outpacing Wall Street's per-share projections of $1.43, according to a survey by FactSet. Revenue of $35.5 billion also edged out most expectations. Shares jumped almost 6% before the opening bell Thursday. The company swung back from a $806 million loss in the second quarter, when it was restarting factories shuttered for safety during the early stages of the pandemic. The Detroit automaker joined most global automakers in reporting better-than-expected earnings from July through September as sales across the globe started to rebound from coronavirus lockdowns, especially in China. GM sales in China jumped 12% in the third quarter, with sales of its Buick and Cadillac brands both rising more than 25%. In the U.S., GMÂ’s most profitable market, sales fell 9.9% in the third quarter compared with a year ago, but were a dramatic improvement over the 34% drop in the second quarter. Sales improved sequentially each month, the automaker said, an encouraging trend. GMÂ’s profit was boosted by higher-priced pickup trucks and large SUVs, which have seen strong sales in the U.S. through the pandemic. It was the best quarter on record for GM's Chevrolet Blazer. Sales of the Cadillac XT6 spiked 45% in the U.S. over last year. Large pickups also sold well. GM also said it was pumping $2 billion into its Spring Hill, Tennessee manufacturing plant to push its transition to produce electric vehicles. Last week, crosstown rivals Fiat Chrysler and Ford reported strong third-quarter net income. FCA said it made $1.4 billion for the period, while Ford earned $2.39 billion. Related Video: Earnings/Financials Buick Cadillac Chevrolet GM GMC

2021 Cadillac Escalade ESV spied uncovered

The 2021 Cadillac Escalade made its big debut a little over a week ago, complete with its fancy interior and displays, but the company has only shown the short-wheelbase model. One of our spy photographers has picked up the slack and caught the long-wheelbase ESV model cruising around southeast Michigan without any camouflage. It's pretty much what you would expect: an Escalade but longer. But it does have a couple subtle differences. Those differences lie in the sides of the Escalade ESV where the length makes some changes. The wheelbase is indeed longer, not just the body, as evidenced by the rear wheels sitting farther back from the edges of the rear doors. Those doors are also a bit longer, so rear seat access should be a little better with this lengthened Escalade. Another change is in the stylized C-pillar. It's a bit more difficult to see since this is a Sport trim with black trim, but the C-pillar is substantially thicker, and the rear edge leans forward more than on the shorter version. This reworked trim probably helps hide the ESV's extra length somewhat. The extra thickness might hinder some rear and side visibility, too. The Escalade ESV will make its formal debut at the upcoming New York Auto Show, and we expect it will go on sale at the end of this year at about the same time as the short-wheelbase version. The extra length will probably also bring a little extra cost to the base price. Pricing for the 2021 Escalade has not yet been announced, though. It will probably be revealed closer to the luxury SUV's on-sale date. Related Video:

GM recalling 2013 Buick LaCrosse, Cadillac SRX over transmission software

The National Highway Traffic Safety Administration has issued recalls for the 2013 Buick LaCrosse and 2013 Cadillac SRX due to a problem with the software for the transmission controller. On about 27,000 SRX and LaCrosse models, the transmission could accidentally be shifted to Sport mode, which would reduce the amount of engine braking drivers experience.
NHTSA says this could increase the risk of a crash, but, fortunately, the required fix is simply an update to the software.
While we're on the subject of General Motors vehicle recalls, a small number (48) of compressed natural gas versions of the 2011 Chevrolet Express are also being recalled for a potential risk of fire or explosion. Yikes. Both official recall notices are posted below.