The seemingly bottomless pit of capital being consumed in the race to survive the connected, green and autonomous vehicle wars has grown deeper with General Motors saying today it will increase its EV and AV investments from 2020 through 2025 to $35 billion. This is a – gulp – 75% increase from its initial pledge announced prior to the ongoing pandemic.
In order to appease or stimulate the capital markets, GM also noted that strong underlying business operations, including record EBIT-adjusted during the last three quarters translates to increases first-half 2021 guidance. GM now predicts its first-half EBIT-adjusted will be between $8.5 and $9.5 billion (from $5.5 B) because of continued strong demand, better-than-expected results at GM Financial, and improved near-term production from the pull forward of semiconductors from the third quarter. (AutoInformed – GM Posts Formidable First-Quarter 2021 Results; GM to Up Deliveries by Dropping Stop-Start on Pickups, SUVs) Continue reading












Ford Bronco Production Underway at Michigan Assembly Plant
If you want to ride the beast, just bring money, not bitcoins: MSRP for the base two-door Bronco is $29,995, including $1,495 destination and delivery. In 1965, the Michigan Truck Plant — now the Michigan Assembly Plant — began production of an off-road SUV: the original Ford Bronco. Bronco continued through five generations and ended production on June 12, 1996. In that 31-year span, Ford produced more than 1.1 million Broncos. (See also Mexican-Built 2022 Ford Maverick Hybrid Shrinks Size, Price; Truck Wars – 2021 Jeep Wrangler Rubicon 470hp V8)
Prospective Bronco owners can choose from an extensive lineup of more than 200 factory-backed accessories for personalization, enabling dealers to provide “outfitting-on-demand” for individual needs – just like MOPAR does for Jeep – from a 1.7 million square foot Modification Center (the old, closed Wayne Assembly Plant), adjacent to Michigan Assembly. It offers Bronco two- and four-door model customization including safari bar, roof racks, exterior graphic packages and additional accessories as more are added to the catalog. (AutoInformed – Ford Bronco Sequel Appears with First-Ever Four-Door)