#gm

General Motors is planning to spend an estimated $1.5 billion to buy out a meaningful portion of its salaried workforce in the hopes that the decision will help save the company $2 billion over the next couple of years. While it seems like a very expensive way to save money, CEO Mary Barra clearly feels as though now is the time to strike.

It’d seem not all development dollars at automakers are being shoveled toward electric vehicles. The General has just announced it is plowing $918 million into a quartet of American production facilities, some of which will shore up production of V8 engines.

General Motors and Ford Motor Company have joined forces with Google – and a collection of businesses focused on solar power – to advance “virtual power plants” (VPPs). If you’re unfamiliar with the concept, it basically entails leveraging distributed energy networks to create a more flexible and efficient power grid. Though the entire concept hinges on networking countless devices together via collective energy rationing whenever demand spikes.

Cadillac announced today that it is going to pair with Andretti Global to make a run at competing in Formula 1.

With the United States having successfully passed the Inflation Reduction Act over the summer, the financial floodgates have been opened for battery suppliers. Despite often being framed as a massive infrastructure package that would also help tamp down U.S. inflation, the bill also included numerous items from the Biden administration’s climate agenda setting aside billions for industries vowing to go green. This includes the joint venture between General Motors and LG Energy Solution – which will receive $2.5 billion in loans to build three new lithium-ion battery factories.

General Motors has an important investors meeting coming up this week and the keystone item will be explaining how profitable its planned shift toward electric vehicles will eventually be. Details of GM's presentation have leaked and, if the claims are true, leadership should be spending a substantial portion of November 17th explaining exactly how EVs will become money-makers for the business by 2025.

On Monday, the United Auto Workers (UAW) announced that it is seeking to represent workers employed by the Ohio-based joint venture between General Motors and LG Energy. The union said that it had filed a petition on behalf of 900 people building Ultium battery cells, saying that a majority of the plant’s workforce had already signed cards indicating that they wanted UAW representation.

When I posted Friday's QOTD, I was wondering if perhaps I was overthinking things. I wondered how Tesla boss Elon Musk owning Twitter -- a social-media platform used by Tesla's competitors -- would affect the automotive industry and the automotive press.

Apparently, I am not the only one with concerns.

We return to Abandoned History’s coverage of the twists and turns of the Daewoo story, at a time when the company’s predecessor, Shinjin, was no more. After an early Seventies joint venture with General Motors saw the company renamed to General Motors Korea, Shinjin bowed out of the deal after just five years. In 1976 Shinjin’s ownership in the business was sold to a state-owned Korean bank, and General Motors Korea was renamed to Saehan Motor Company. But that didn’t mean GM was out of the picture - far from it.

Now that the Spark hatchback has shuffled off this mortal coil, the Trax serves as Chevy’s lowest-priced vehicle. For 2024, the bowtie brand is giving it an overhaul by binning its awkward appearance and overhauling the drivetrain. Will better looks and lower price but less power and half the driven wheels prove a winning formula?

After a few successful years building a trio of Toyota models (Corona, Publica, and Crown), Shinjin was forced to look elsewhere for a business partner. Toyota wanted to sell cars in China, and China forbade any company that sold products on its shores from having operations in South Korea. As expected, the government stepped in and assisted in a new deal between Toyota, Shinjin, and General Motors. 

The deal was finalized in 1972 and saw Toyota sell its stake in Shinjin directly to GM. The 50-50 GM-Shinjin venture saw the latter immediately renamed to General Motors Korea. GMK was immediately the new face of GM product distribution in South Korea. Let’s embark upon a series of particular business arrangements involving Shinjin that didn’t last very long.

It’s been more than a minute since we have delved into the world’s build & price configurators, an activity which surely litters the search history of every gearhead reading this site. Since our last installment, there has been no shortage of new vehicle introductions, including a few trucks which predictably tweak your author’s interest

The 2023 Chevrolet Tahoe RST Performance Edition was unveiled at the Detroit Auto Show on Wednesday with an array of mechanical enhancements borrowed from the Tahoe PPV – or Police Pursuit Vehicle.

We return to our Abandoned History coverage of Daewoo Motors in the early part of the Sixties. Korea was a newly independent nation still in the process of building its economy after many decades of Japanese occupation. The new Korean government seemingly relied on two tenets in its earliest years: Centralized control and openness to bribes. 

Both those factors were at play when the government handed the production of all passenger cars to a single company, Saenara Motors. Via a huge loan and technical assistance from Nissan, Saenara built Korea’s first car, the Saenara (Datsun) Bluebird via knock-down kits assembled in South Korea. But once the government noticed there was too much capital flowing out of the country, they banned Saenara from buying more kits from Japan. The scraps of bankrupt Saenara were picked up by another company, Shinjin.

Other than a few controversial wheel designs and far more buttons, the steering wheel hasn’t changed all that much in the last several decades. Your car probably has an adjustable steering wheel that allows different height and telescoping settings. If it’s a fancy car, you may even have power adjustments and other options like a heated steering wheel or leather grips. Those are nice features, but General Motors’ latest idea goes several steps further.