Cold Comfort: GM Binning Heated Seats & Steering Wheel in Some Models

While this news initially surfaced late Friday, we feel it is a significant move by General Motors, one which warrants a bit of discussion even after umpteen different car blogs parroted this news over the weekend.

At issue? The current level of global supply chain disruption, of course. With the only chips in Detroit apparently being of the salt & vinegar kind, car companies have been forced to make some tough decisions – but yoinking heated seats is a very substantial change.

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Rivian Sets IPO at $78, Stonks to the Moon

While no one around this neck of the woods would call themselves experts in finer points of the stock market, we do know how to add. Talking heads at the Wall Street Journal are reporting Rivian has set an initial share price of $78 for its IPO, a heady sum to be sure. What drives this story to another dimension is they’ve allegedly sold 153 million shares at this price.

For those keeping track, that means they raised nearly $12 billion – making RIVN the biggest listing so far in 2021.

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Ford, GM Earnings Reports Will Tell the Chip Shortage Tale

Ford and General Motors are both slated to show their third-quarter earnings reports on Thursday.

Reports suggest that despite the negative impacts of the global semiconductor chip shortage, there may be positives for the companies, as well.

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Will Chip Shortage Dethrone GM's Sales Dominance?

Ninety years. That’s the amount of time that General Motors has led the sales charts in the U.S.

That may change this year, according to industry bible Automotive News, because of the ongoing microchip shortage.

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Ford to Build Blue Oval City for EV Production

Ford has grand plans for building EVs and batteries, and the Blue Oval brand laid out those plans earlier this week.

Welcome to Blue Oval City

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Automakers Accused of Chip Hoarding, U.S. Considers Defense Production Act

Despite the occasional media report claiming that the semiconductor shortage is nearly over, reality looks quite a bit different. Some manufacturers have managed to temporarily stabilize supply chains, even though others have continued announcing work stoppages as they run out of chips. Wait times for the electronic components have also increased by about 61 percent since the beginning of 2021. Meanwhile, a recent Kelly Blue Book survey had 48 percent of respondents saying they were going to postpone buying a new automobile until shortages end, prices come down, and they can actually find the vehicles they’re looking for. But even those that were willing to buy now expressed a surprising level of acceptance to abandon brand loyalty or their preferred body style just to get a fairer deal on an automobile.

With the United States fairing worse than other regions in regard to chip availability, the White House has been under pressure to solve the problem all year. Thus far, government strategy has focused on encouraging investments for new semiconductor production. But there’s a new gambit being proposed that would invoke a Cold War-era national security law that would force manufacturers to furnish information pertaining to semiconductor supply lines and chip sales.

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More Ford Delay Woes: Chip Shortage Slows Mach-E Deliveries

If today’s news regarding production delays at Ford was a game of Clue, the first victim would be Bronco, caused by hardtops. Now it’s Mach-E, with lack of chips being the weapon.

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Ford Bronco Hardtops to Be Replaced, Delays Continue

Ford is continuing to have hard-top issues with the Bronco. So much so, that according to Bronco6G via Autoblog, the company will replace all the molded-in-color hardtops it has built up to now.

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Off the Rails: Train Crash Damages New Ford F-150 Pickups

As if Ford didn’t have enough headaches in terms of pickup truck supply, the derailment of a train carrying a load of the things has thrown the automaker even further off track. According to local media, a freight train ran into trouble while hauling the things through Missouri, creating a stack of metal that Blue Oval suits certainly could do without seeing right now.

Here’s the good news: no injuries or environmental damage was reported, save for the new pair of pants that was surely required for the train’s operator.

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Porsche Asks For Suppliers to Go Green

Porsche is asking its 1,300 suppliers to only use renewable energy as they manufacture Porsche parts, starting this month.

The German automaker is doing so in order to reduce carbon dioxide emissions.

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QOTD: Should Drug Testing Be Necessary for Plant Work?

Matt raised an interesting question yesterday in his piece on GM’s worker woes.

Specifically, should drug testing even be a thing for plant work when many states are legalizing or at least decriminalizing marijuana?

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QOTD: Will Foxconn Make Fisker's PEARs?

Foxconn, also known as Hon Hai Technology Group, announced that it signed a development and manufacturing agreement with Fisker. Foxconn is one of the world’s largest electronics manufacturers and the producer of Apple’s iPhone.

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Chinese Smartphone Titan Xiaomi Entering the EV Race

Xiaomi, a Chinese smartphone colossus, has announced they are building their own branded electric vehicles (EVs), just like Apple, Huawei, Sony, and Foxconn.

If you’re prepared to lose money, starting a car company is easy. Just ask Tesla. Xiaomi has plenty, enough to sink $10 billion into the venture over the next 10 years.

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Has Another Decade-Old GM Coverup Come to Light?

Stop me if you’ve heard this one before: A person dies in a vehicle crash. Faulty components appear to be to blame. General Motors is eventually accused of knowing about the safety issues and doing nothing to correct them.

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GM to Build EV Crossovers for Honda, Acura

Two Honda battery-electric crossovers will be built by General Motors in the next four years. A Honda will be built at a GM plant in Mexico, and an Acura alongside the Cadillac Lyriq in Tennessee.

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  • Jwee I think it is short sighted and detrimental to the brand. The company should be generous to its locked-in user base, treating them as a resource, not a revenue stream.This is what builds any good relationship, generosity to the other partner. Apple does with their products. My iPhone is 5 years old, but I keep getting the latest and greatest updates for free, which makes me feel valued as a customer and adds actual value. When it is time for a new phone, Apple past treatment towards me certainly plays into my decisions (as did BMW's - so long subscription extracting pigs, its been a great 20 years). Imagine how much good will and love (and good press) Polestar would get from their user base if they gave them all a "68 fresh horses" update overnight, for free. Brand loyalty would soar (provided their car is capable).
  • ToolGuy If I had some space I would offer $800 and let the vehicle sit at my place as is. Then when anyone ever asked me, "Have you ever considered owning a VW?" I would say "Yes."
  • ToolGuy In the example in the linked article an automated parking spot costs roughly 3% of the purchase price of the property. If I were buying such a property, I would likely purchase two parking spots to go with it, and I'm being completely serious.(Speaking of ownership vs. subscription, the $150 monthly maintenance fee would torque me off a lot more than the initial acquisition cost.)
  • ToolGuy "which will be returned as refunds to citizens of the state" - kind of like the Alaska Permanent Fund? Make the amount high enough and I will gladly move to California to take advantage (my family came close to moving there when I was a teen, and oodles of people have moved from CA to my state, so I'm happy to return the favor).Note to California: You probably do not want me as a citizen.
  • ToolGuy Nice torque figure.