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GM profits threatened by glut of pickups

Automotive News reports that General Motors may slash production or ramp up discounts in order to deal with an oversupply of pickup trucks. GM currently has more than double the standard supply of pickups, and the vehicles are threatening to dampen the automaker's profits for 2013. Typically, automakers try to sustain a 60- to 75-day supply of vehicles, but GM is currently loaded with a 139-day supply, as of last month. At the end of November, the automaker was sitting on 245,853 units.
The manufacturer says that it will adjust production accordingly before laying any incentives on the profitable pickups. Even so, there's some concern that the inventory swell could hurt the roll-out of the next-generation Chevrolet Silverado and GMC Sierra. GM actually began slowly stepping back production in August, but it's clear the company will take further action as it heads toward the end of the year and into the next. Analysts predict the automaker could reduce pickup manufacturing by nearly half in the first quarter of 2013.
That still may not be enough to keep GM from laying extra cash on the Silverado and GMC Sierra. While the company's incentive spending was down in November compared to the same month in 2011, both the Ram 1500 and Ford F-150 saw double-digit percentage increases in sales last month while the Silverado and Sierra numbers slid compared to a year prior. Incentive spending could help move more trucks and add some balance to the GM inventory surge.

Driving a 1964 Volkswagen Beetle, and the 2021 Kia K5 arrives | Autoblog Podcast #634

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Road Test Editor Zac Palmer and News Editor Joel Stocksdale. They start with what they've been driving this week, including the 2020 GMC Sierra 1500 diesel, 2020 Volkswagen Atlas Cross Sport and a 1964 Volkswagen Beetle. They move on to the news, covering the 2021 Kia K5, Geneva Motor Show (canceled again), Maserati's new engine and a new extended reality experience here at Autoblog. Finally, the guys spend some money for a listener who just had twins. Autoblog Podcast #634 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2020 GMC Sierra 1500 AT4 diesel 2020 Volkswagen Atlas Cross Sport 1964 Volkswagen Beetle 2021 Kia K5 Geneva Motor Show cancelled Maserati engine Extended Reality with the Mustang Mach-E Spend your money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Alaska 7.0 earthquake uproots road but leaves vehicle completely intact

A magnitude-7 earthquake hit the Anchorage, Alaska area hard Friday morning and actually caused the National Weather Service to issue a tsunami warning it later canceled. As the news came rolling in, we noticed these photos of a road affected by the quake. The pictures are jaw-dropping, and we still can't believe that GMC Terrain is sitting there entirely unscathed. It looks like a scene straight out of an action movie when Earth is unexplainably collapsing all around the main characters as they race for safety. It probably wouldn't have mattered if the driver had the four-cylinder or V6 to try and escape the massive sinkhole. However, maybe Alaskans could consider the Lamborghini Urus to outrun collapsing roads if they're in the market for an all-wheel-drive SUV. Thankfully, there are no deaths or even injuries being reported as of now, but damage to buildings and roads is severe in some spots. We still can't believe how lucky this person is. It looks like some industrious folks were even able to pull the GMC out of its sinkhole completely intact too. Impressive. We'll keep you updated if there are any developments to this disaster. Related video: Featured Gallery Alaska earthquake View 12 Photos Auto News GMC Crossover SUV earthquake