“Our strong ICE business that frankly has gotten stronger, and we still believe there’s growth there,” Barra said.
This is all you really need to know about GM.
Mary barra doesn’t seem very bright to me at all. Every time she talks it comes off as hollow and pompous
GM is fucked. First it’s the all of the defective Volts with the Shift to Park defect which there is NO fix for. Then the Battery issue with the Bolts. GM is being sued buy customers and having to give customers FULL purchase price refunds plus attorney’s fees which is about $300k per car.
Ultium must be so bad
More like Nulltium 😂.
Just build an electric box with wheels that wont kill us. It doesn’t need an app. It doesn’t need an internet connection or any smart bs or rgb lights. Just make it affordable.
Well no shit. The only EV you have is a 9000 lb tank that costs buckets of money to buy and cant charge in many areas because of weight limits (most parking garages are limited to 7000 lbs)
Then you discontinued the EV that actually sold.
This is the kid that broke their toys on purpose and are crying that they arent getting new ones.
Don’t forget they could barely build a few thousand of the tank. Hard to sell at a meaningful volume if you can’t build the things.
General Motors! Saving failure from the jaws of success.
Now that they’re killing the Camaro and the Corvette, they have no real value.
Tbh, so are we.
Mary Barra did say multiple times in 2022 and this year that GM will overtake Tesla in EV sales by 2025.
I want to have what she is having.
She’s probably having a lawsuit. I can’t imagine investors accepting these lies when the company becomes unprofitable.
lol lies like “FSD coming end of year this year” 🤡
1 barrel of coke coming up
Lest we forget their pronouncements in March 2020…
“What we have done is build a multi-brand, multi-segment EV strategy with economies of scale that rival our full-size truck business with much less complexity and even more flexibility,” said Barra.
GM will offer 20 new EVs for sale by 2023, said GM President Mark Reuss. Those will be available in the United States and China. GM said it targets selling 1 million EVs a year between those two markets in five years.
The important takeaway:
“Barra said that while EV growth has slowed, demand is still heading in the right direction, noting that US car buyers were on track to purchase 1 million EVs this year for the first time.
“There’s really no reason that EV demand won’t be higher in the years ahead,” she said. “Consideration is rising, the policy environment is favorable. The public charging infrastructure is growing and customer choice is expanding.”
The more important takeaway for GM: “ Costs will be reined in, factories will be delayed, and stock buybacks will recirculate cash to shareholders”
In other words, in the face of a struggling EV business, instead of increasing investment to actually get it moving, they are cutting investment and focussing on paying off shareholders instead of actually fixing what’s wrong
GM isn’t going to be able to successfully pivot to EVs. They are too addicted to high margin SUVs and trucks to start making sensible, small EVs (be grateful they made the Bolt. The next version will surely be bigger and more expensive). Ford might be able to do it. Stellantis is doubtful. Tesla and some of the other emerging companies like Rivian and then probably Kia/Hyundai/Volvo will own the EV market in the US.
When’s that California EV mandate???
Trying to turn their current crop of huge, heavy SUVs and trucks into EVs is a fool’s errand. The battery packs required to give these beasts the range that people expect of them will be prohibitively expensive, making the trucks themselves so expensive they will sell poorly, and GM won’t be making much of a profit on them anyway.
No, GM would rather stick to making big, stinky, oversized trucks, and then they will lobby against all green regulations that could be seen to be an impediment to selling these things.
- Take the Bolt
- Make it DCFC faster
- Do nothing else
- Profit
Change 3 to “add back CarPlay” and I agree.
The current bolt does have CarPlay. That’s why #3 is the best part of this plan
I’m pretty sure the bolt was a compliance car, and they never actually made any money off of it.
Wasn’t the Spark their compliance car?
I remember them pitching it as a Model 3 competitor. They were too EV naive to understand all the reasons that it didn’t really compete. DCFC was literally optional (why would people want to road trip EVs?).
It didn’t help that most people that I showed it to thought it was ugly. I never minded the appearance, but it wasn’t a selling point.
Make it DCFC faster
Do nothing else
Profit
Problem is that charging speed is dependent on battery size (and type). To make the Bolt charge faster you have to put in a way better (and more expensive) battery. Which negates the ‘Profit’ part unless you make it more expensive.
“Why doesn’t the QB just throw a touchdown pass each time?”
If it were that simple to profit they’d have done it.
This is powerful circular logic. Literally something that hasn’t been done must not be profitable because they would have already done it in order to discover its profitability.
But how do you think they would know that it’s profitable if they’ve never done it? Do you really think they’re that much smarter than you? Because they do “market research”, which is why GM has never made a bad car before?
Maybe just recognize that they have no clue like the rest of us; they’re just the ones with control of the decisions being made.
Oh wow. You’re saying the decision making process at a large company is complex and we don’t know all the facts? That’s totally different… wait, no that’s pretty much what I said but you used more words.
https://m.youtube.com/watch?v=BKorP55Aqvg
This sounds quite familiar
OMG. This video hurts. I’ve definitely had exactly this meeting
This is the correct response to almost every poster in this sub. Armchair consultant, engineers, battery chemistry experts, manufacturing experts, powertrain design engineers, etc etc etc
Literally this
They’re doing that. The Bolt 2.0 will use a CATL LFP pack.
Note: not Ultium!
I predict the Bolt will be much more popular than their Ultiums, which will be overly expensive and potentially unreliable.
Aha. Does that mean they will be ineligible for a rebate?
I hope this thing comes out soon – it could be an ideal vehicle for me if it’s equally affordable and practical.
I’d also say make a station wagon version
Mary Led remember???
Well, make a compelling offering. Capitalism at work.