[Capricio]

Let’s step back from the trade and see what we can see. GM’s total consolidated debt was $301 billion on December 31, 2004. Canada’s entire Federal Debt is about $363 billion. GM makes crappy cars, has a horribly under funded pension plan, has $2,000 more expenses per car (because of benefit obligations) than does Toyota who makes better cars. IMO that is all one needs to know to know where GM is headed.

https://mishtalk.com/uncategorized/gm-insanity/

GM Backpedals on EVs

The Wall Street Journal reports GM Invests in V-8 Engines as It Backpedals on EVs

General Motors has abandoned a plan to pump $300 million into electric-vehicle motor production at its upstate New York plant and will instead invest $888 million to make the latest V-8 engines.

Since the EV announcement two years ago for its Tonawanda plant, electric-vehicle sales have slowed, prompting GM and other carmakers to walk back investment plans for the technology.

The company said Tuesday its new plan marks its largest single investment in an engine plant and makes Tonawanda its second propulsion plant to produce the sixth generation of V-8 engines.

The engines, used in full-size trucks and SUVs, use new combustion and thermal management innovations to improve performance while reducing emissions, the company said.

The investment includes new machinery, equipment, tools and facility renovations, and builds on GM’s work to boost its manufacturing facilities in recent years, including a half-billion-dollar investment in its Flint engine plant in 2023, the company said.

Nay Sayers Were Right

The nay sayers were right, at least in the US, and for now.

That’s the group I have been in. The US is just not ready for mass EV adoption.

China is another matter.

https://mishtalk.com/economics/gm-ab...n-v-8-engines/

I hope they get this 6th Gen V8 right!