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GM cutting Chevy Sonic, Buick Verano production [UPDATE]
Sun, Jan 25 2015UPDATE: A previous version of this story indicated that Orion Assembly would be idled for seven weeks, from February 16 through April 6. This was incorrect. The factory will instead only be idled for the weeks of February 16 and April 6. The story has been edited to reflect this. General Motors has announced that the factory responsible for the Buick Verano and Chevrolet Sonic will be idled for the weeks of February 16 and April 6, with blame being placed on excess supply. The Orion Assembly plant, about 45 minutes north of GM's Renaissance Center headquarters, employs about 1,800 people, but they'll be given a pair of furloughs as inventories of the sub-compact Sonic and premium compact Verano reach 127 days and 84 days, respectively. That works out to 26,600 Chevys and 9,800 Buicks waiting for buyers. According to Automotive News, the compact Chevy sales bested the industry average in 2014, jumping up nine percent versus the the overall segment's eight-percent gain, while the Buick sedan's sales were down four percent. When asked about the shutdown, a GM spokesman told AN that it will "build to market demand," while also pointing out that the company did not comment on production plans. News Source: Automotive News - sub. req.Image Credit: Bill Pugliano / Getty Images Plants/Manufacturing Buick Chevrolet GM buick encore orion assembly
GM will stop reporting monthly U.S. vehicle sales
Tue, Apr 3 2018DETROIT — General Motors said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market, and will instead issue quarterly sales. GM will also no longer report monthly sales in China, its largest market, and Brazil. GM will provide monthly data to the U.S. Federal Reserve, industry associations and government agencies across the globe, but that data is not made public. Analysts and investors rely on monthly U.S. vehicle sales not just to track the performance of individual automakers, but as a barometer of the health of the world's second-largest auto market and as an indicator of consumer confidence in the U.S. economy overall. GM and its Detroit rivals Ford and Fiat Chrysler have relied heavily on sales of high-margin pickup truck and SUV sales to boost profits. GM's total U.S. sales, its second-largest market, are down 3.2 percent for the first two months of 2018, reflecting a 6.8 percent drop in retail sales to individual customers, the company reported last month. GM executives have expressed frustration that comparisons of monthly U.S. sales results among rival automakers are distorted by short-term discount programs, and by differences in strategy for selling vehicles in bulk to rental car fleets. "Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market," Kurt McNeil, U.S. vice president for sales operations said in a statement. GM's actions could prompt other automakers to also switch to quarterly U.S. sales reports. Major automakers will report March U.S. new vehicle sales on Tuesday. Until the early 1990s, most U.S. automakers released sales results every 10 days. The former Chrysler Corp. stopped reporting sales on a 10-day basis in 1990, and rivals followed suit over the next three years. GM executives are betting that investors will quickly adapt to receiving U.S. sales data every three months, as investors in other retail sectors already have. Retailers such as Walmart report sales on a quarterly basis. Reporting by Joe WhiteRelated Video: Image Credit: Reuters Earnings/Financials Green Buick Cadillac Chevrolet GM GMC US
2022 Buick Enclave revealed with refreshed styling, more standard features
Thu, Jun 3 2021Buick gave us a sneak peak at the 2022 Enclave back in January, but it officially pulled the sheet back Wednesday to reveal the extent of its updated styling and detail a few updates to its feature content, including a new suite of standard safety tech. We can now better see the various exterior styling touch-ups, including a larger, more pronounced grille, new head- and taillights, and more angularly sculpted front and rear bumpers. The Avenir's exterior treatment was also updated to incorporate the new elements. The changes aren't too dramatic, but Buick did enough to make the 2022 visually distinguishable from previous years. The new standard safety suite is Buick's Driver Confidence Plus package. It includes automatic emergency braking with pedestrian detection, lane keeping assist with lane departure warning, blind spot monitoring, forward collision warning, rear park assist, rear cross-traffic alert and automatic high-beams. Buick's midsize crossover is still powered by a standard 310-horsepower V6 with optional all-wheel drive. The range-topping Avenir model includes an adaptive suspension and unique styling elements. Despite our previous expectations, the Enclave's cabin didn't really get an upgrade apart from the standard safety items listed above. Buick did not include pricing information in Wednesday's announcement, so you can look forward to yet another update before the 2022 Enclave goes on sale later this year. Related video: 2021 Buick Envision Running Footage