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GM sees 'strong year' in 2018, then gold in Chevy Silverado for 2019

DETROIT — General Motors said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up more than 3 percent in premarket trading. "GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chief Executive Mary Barra said in a statement. "We are positioned for another strong year in 2018 and an even better one in 2019." GM and its Detroit rivals, Ford and Fiat Chrysler Automobiles, are bringing on new trucks at a time when overall U.S. new vehicle sales have been falling, but truck sales continue to grow as consumers abandon passenger cars in favor of pickups, SUVs and crossovers. GM on Saturday fired a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at the Detroit auto show. The new Silverado, a highlight of the event, is the successor to GM's best-selling vehicle in North America. Sales of the current Silverado rose nearly 2 percent to 585,000 vehicles in 2017. In the coming months, the company will also reveal a revamped GMC Sierra pickup truck. U.S. new vehicle sales fell 2 percent in 2017 after hitting a record high in 2016, and are expected to drop further in 2018 as interest rates rise and more late-model used cars return to dealer lots to compete with new ones. GM said on Tuesday that while it retools a factory in Ft. Wayne, Indiana, to make the new pickup trucks, it will shift some production to an Oshawa, Ontario, plant in order to avoid missing sales in a hot market for the vehicles. The No. 1 U.S. automaker said it will record a $7 billion non-cash charge for its fourth-quarter 2017 earnings related to deferred tax assets. GM said it expects capital expenditure in 2018 of around $8.5 billion, about $1 billion of which will go toward funding self-driving car technology. Last week, the company said it is seeking U.S. government approval for a fully autonomous car — one without a steering wheel, brake pedal or accelerator pedal — to enter the automaker's first commercial ride-sharing fleet in 2019. GM said it expects 2017 earnings per share at the high end of its previously forecast range of $6 to $6.50.

2021 Cadillac Escalade Review | What's new, features, photos, Super Cruise price

The 2021 Cadillac Escalade is a heavyweight mammoth that is unapologetically bold and quintessentially Escalade. Its general shape and design still plummets from the same tree as a Chevy Tahoe or Suburban, but there’s no mistaking this SUVÂ’s new look for anything but a bejeweled, bold and brash Cadillac. That said, it does take advantage of all the lovely new engineering enhancements made throughout the GM SUV lineup, including the latest-generation magnetic dampers and a new air suspension system. Combined with the long-awaited independent rear suspension design, these pieces bring the EscaladeÂ’s ride up to par with the most comfortable and luxurious SUVs on sale today.  In addition to the ride improvement, CadillacÂ’s new interior is a tech and luxury fortress befitting its price. The new triple OLED screens scream luxury, and the design makes it competitive with LincolnÂ’s gorgeous Navigator once more (a far more comfortable and usable third-row seat helps in that regard, too). Under the hood, there's an interesting new powertrain option with this generation of Escalade: a 3.0-liter turbo-diesel inline-six that brings decent fuel efficiency (23 mpg combined at its best) to a class of vehicle that typically achieves horrendously low figures. In total, with more space, more efficiency and vast improvements in every other category, the 2021 Escalade is poised to stand toe-to-toe with other luxury behemoths.  WhatÂ’s new for 2021? The Escalade is all-new for 2021. ItÂ’s the modelÂ’s first big redesign since the 2015 model year. 2021 Cadillac Escalade Sport Platinum View 60 Photos What are the Escalade interior and in-car technology like? The Escalade doesn't quite achieve the same elevated sense of fashion as Lincoln does with the Navigator, but it nevertheless makes a statement with its tech-forward take on luxury. The 38 inches of curved OLED screens we covered in our Escalade infotainment review dominate the dash in a brazen display of opulence. Large swaths of wood trim stretch across the dash horizontally and also adorn a substantial part of the center console. Your color and design options are plentiful, but it all depends on trim. The purple Dark Auburn is fantastic, and the light-and-airy Whisper Beige is another great option (pictured below). Real wood trim in various colors and patterns can be had, and varying levels of leather and suede coverage are available.

Why Cadillac needs a real truck in its lineup

Premium brands such as BMW, Mercedes-Benz, Lexus, and Cadillac sell vehicles that cover the spectrum from car to crossover to SUV. But trucks? They remain the last frontier when it comes to luxury brands. These days Chevy, GMC, Ford, and Ram sell cheap, bare-bones work trucks alongside loaded models that top $75,000. There is a reverse elitism that comes with this sales tactic. A brand gets to reflect a rugged working class lifestyle with the emblem up front, while what's behind it costs as much as a small house in middle America. But Americans who spend big money on cars and SUVs have always gradually tailed towards luxury nameplates over time. Everyone knows what an Escalade is, and thanks in large part to that image the Escalade is now the best-selling fullsize luxury SUV in the USA. Cadillac's flagship model, along with its midsize luxury crossover, the SRX, routinely outsell the competition from Audi, Mercedes, and BMW, not to mention Ford's Lincoln brand and most of the Japanese rivals. With trucks already dominating overall sales and headed into the pricing stratosphere, I believe it's time for Cadillac to consider a fullsize truck. And no, not a lipstick version that merely takes a Chevrolet Silverado pickup and throws in a few leather seats and some slight interior touches. That experiment already failed both for Cadillac (the Escalade EXT) and for Ford's Lincoln brand (Blackwood, Mark LT). Cadillac is an American brand that currently focuses a ridiculous amount of energy and resources trying to compete with European car offerings. The brand needs to create the Cadillac of trucks. Head honcho Johan de Nysschen has been blunt in his desire to "restore Cadillac to the pinnacle of global premium brands, not in sales but in aspirational brand character." This sounds well and wonderful. But the present problem in achieving this goal is that, on a global basis, Cadillac is a failed brand. Look at Europe, where Cadillac has sold so poorly in recent years that former Soviet manufacturer Lada managed more new registrations in 2014 by a factor of more than four to one. Cadillac is an American brand that currently focuses a ridiculous amount of energy and resources trying to compete with European car offerings. After more than 20 years of Cadillac models selling themselves as import killers, the only one with sustained success has been the CTS, and even that has been a marketplace loser for the last several years. The CTS-V?