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Originally Posted by Martinjlm
I don’t think GM is even talking about “this many by that year” anymore. They’ve clearly missed the 400,000 in 2023. Plant conversion timings CAN (and will) change. GM has delayed the conversion of Orion Twp and delayed the spending associated with that. What we are expecting for GM this year (2024) is about 250k BEV this calendar year, now that they’ve worked out all their problems with Ultium yield rate. But that’s our number, not GM’s stated number.
Expect the 5.3L or similar displacement to continue to exist for quite some time. The decisions GM and other automakers have to make now on a vehicle type by vehicle type basis is whether their mid-term portfolio (2026 - 32) will be gas / xHEV / BEV or gas / BEV. And which product types go full BEV when.
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I know the media likes/liked to talk about GM's goal, even if the goal has been moved. I'm guessing this will be fodder later this year for the crowd who wants to see EV's fail, but also, I'd expect even realistically falling short of that advertised goal will affect share price.
I just watched a segment on the Ultium-based Honda Prologue. Very nice. I still think I'd prefer an AWD Blazer EV.
I'd expect (prefer?) GM to continue on with the small-blocks in its full-size trucks. What's interesting to me with Stellantis and the Hemi... it's really, actually, cheaper to develop and certify a new engine than update and certify the existing Hemi to be compliant? Don't get me wrong, the I6 offers a lot more power, but it also seems like they're shutting out a lot of buyers who would actually prefer the Hemi.