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GMC says that its all-electric truck debuts in fall, beginning production fall of 2021. So, HUMMER hype begins. The EV’s on- and off-road abilities will appear closer to debut – delayed by COVID. Engineering targets of 1000 hp and 11,500 lb. ft. torque mean a zero-to-60 mph acceleration time of ~3 seconds.
Meanwhile Jeep and Ford electrification appear to have a couple of laps up on Hummer, which is in the pits, err, GM prototyping. It all depends on how buyers choose – hybrids or pure EVs? Conservative buyers, aka truck buyers, have thus far shunned such powertrains. Pure EVs are expensive (the Cadillac ELR abject failure comes to mind) compared to hybrids and conventional vehicles. At least HUMMER EV wanna-bees have time to save the large amounts of currency that will be required for either a lease or purchase. Continue reading
GM Loses $800 Million in Covid Q2. NA Sales Drop -62%
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General Motors today reported a Q2 loss large enough – it rounds to One Billion Dollars – to send it back toward bankruptcy if the Covid-19 plague continues unabated as it is predictably doing under the current national mis-administration.
However, GM after its previous bankruptcy is in a stronger position – financially, and with a wiser, faster acting management team – than it was when Wall Street speculation sent global markets plummeting in 2008-2009. The deep Great Recession that ensued was turned around by the Obama Administration, but the non-protected classes in lower income and racially harassed and immigrant populations never really recovered. Do we really want to watch that horror movie sequel? Continue reading →