Report: GM to increase jobs at Michigan ops by 1,400


General Motors (GM) intends to invest $450M in two Michigan operations and add 1,400 jobs as part of the company's plans to build a redesigned Chevrolet Volt hybrid vehicle, the Detroit Free Press reports.

An announcement about the plans is set for Tuesday.

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Comments (45)
  • june1234
    , contributor
    Comments (4481) | Send Message
     
    Volt 2? Weren't they charging like 40 or $50K for Volt 1. That company has gone through more redesigned car models than the entire planets auto industry X 10. GM cars are always being "redesigned" then retired when they run out of redesigned models consumers won't buy anymore, all marketing that bunch, a GM tradition.
    6 Apr 2014, 03:38 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4897) | Send Message
     
    Timing of announcement? More public relations huffing and puffing about the Volt to take attention and electricity away from the lightening rod, deathtrap Chevy CoBALK.

     

    …funfun..
    6 Apr 2014, 08:25 AM Reply Like
  • Budavar
    , contributor
    Comments (1411) | Send Message
     
    The old GM is alive + well.

     

    So much levity
    Amid tragedy
    Is an outrage
    Of highest voltage
    For an outage!

     

    (No copyright = only multiple puns intended/claimed for my latest ditty)
    6 Apr 2014, 09:14 AM Reply Like
  • Quatum73
    , contributor
    Comments (56) | Send Message
     
    Your comment on every article is negative. Although I respect your opinion, but are you still serious? Now, your reaction is unappropiate because GM has to move on.
    Furthermore they are creating jobs, what do you want even more? So, don't be so selfish, please.
    6 Apr 2014, 11:18 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    The headline was about GM adding jobs for the production of the 2nd generation Volt.

     

    Obviously most of the comments here are from the same old posters, offering no meaningful discussion related to the article headline.
    6 Apr 2014, 01:36 PM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
     
    "Your comment on every article is negative. Although I respect your opinion, but are you still serious? Now, your reaction is unappropiate because GM has to move on. "

     

    Can you really blame him? The more things change, the more the stay the same, and "new" GM couldn't be better embodiment of that.
    6 Apr 2014, 02:31 PM Reply Like
  • divestor
    , contributor
    Comments (191) | Send Message
     
    I have noticed that on more and more articles. People making comments that have nothing to do with the article. In this case we have fleet sales data, market share and design turnover.

     

    The other car companies change cars every 2-3 years. Also, the Volt is high tech. Look at the cost of the first of anything and compare it to 2nd and 3rd generations. Volt and Cadillac electric are on my test drive list.
    6 Apr 2014, 02:33 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Divestor,

     

    "fleet sales data, market share and design turnover."

     

    Certainly the first two are not directly related, but design turnover is the subject matter of the article's headline.

     

    As it relates to the increase in jobs being added as a result of the move from the first to second generation (or updated) version of the Volt.

     

    Just sayin'
    6 Apr 2014, 02:42 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    http://bit.ly/WMeyVO

     

    http://bit.ly/1eiSKEk
    6 Apr 2014, 09:26 AM Reply Like
  • june1234
    , contributor
    Comments (4481) | Send Message
     
    "New and improved" GM market share closed 2013 at about 17.9%. its lowest market share since 1924, a drop of 1.7% from the previous year and way off their 51% market share from 1962. If you were to take out fleet sales(rented cars, gov contracts etc) I bet that % drops even more. The rest is just GM marketing
    6 Apr 2014, 09:31 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Fleet sales decreasing, retail sales increasing.

     

    http://seekingalpha.co...
    6 Apr 2014, 10:22 AM Reply Like
  • june1234
    , contributor
    Comments (4481) | Send Message
     
    GM closed 2013 with its lowest market share since 1924 and a drop of 1.7% from the year before. Its supposed to go in the other direction .
    6 Apr 2014, 11:23 AM Reply Like
  • divestor
    , contributor
    Comments (191) | Send Message
     
    Great news for US jobs.
    6 Apr 2014, 09:59 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4897) | Send Message
     
    This corrupt motorcar company seems to be all about cosmetics and cover-ups. We have discerned a systematic campaign of ad hominem attacks and personal smears waged by obvious GM Management loyalists and PR damage controllers against independently-speaking investors and commentators with differing viewpoints at various internet sites, such as Motley Fool and Seeking Alpha. That abusive misconduct speaks volumes about the hostile culture of hyper-secrecy and accountability evasion permeating this intractably troubled enterprise.

     

    In the meantime, Ms. Barra, GM Chieftess, touted one hundred times to Congress this week past she is commanding her own secret internal investigation "to get answers", she may not share, or share "if appropriate"!

     

    …funfun..
    6 Apr 2014, 01:12 PM Reply Like
  • StormyMac
    , contributor
    Comments (2) | Send Message
     
    Since I have a Volt (and love it) , I'm delighted that GM has finally recognized that they have. I'm happy the are finally pushing the Volt concept. They finally. . . have a winner here. Go, go go!!!
    6 Apr 2014, 02:02 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (711) | Send Message
     
    I wish GM would make the Sprint again. 50 mpg. Great little car. Got them (or the idea from them) from Suzuki I think. I know there's not much profit in them, but they were great little cars. Or a Chevette. I just don't think the electric car is going to catch on until they get the price down a lot, and a longer life on the batteries.

     

    But I'm glad they're adding jobs. I hope GM succeeds. I hope the US succeeds.
    6 Apr 2014, 02:07 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Lunchbox,

     

    The Sonic would be today's closest equal to the Sprint or Chevette.

     

    The Spark is even smaller still.
    http://bit.ly/Oo3kmq

     

    (if I recall, the Sprint was a re-badged Suzuki Swift)

     

    Suzuki cars USA, has declared bankruptcy and has exited the US market.

     

    GM ended their collaboration with Suzuki a few years back
    6 Apr 2014, 04:37 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (711) | Send Message
     
    Thanks! I was unaware of the Spark or the Sonic. I guess I need to get out more!

     

    I think you're right about the Sprint. I don't know why they can't get that kind of mileage out of a car now. The Sprint I had was a 3-cylinder engine and even with the a/c running, had plenty of pep. It got 50 mpg easily if you drove it reasonably.
    6 Apr 2014, 06:50 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Lunchbox,

     

    Much has to do with Mandated equipment. (safety etc.)

     

    The Spark, as cheap as it is, has 10 (yes) 10 airbags, despite being the least expensive car GM offers.

     

    There are also many more structurally related crash standards today, that all contribute to weight, which is the enemy to City MPG, especially in a small car.

     

    GM does not yet offer a 3cyl model, but I hear one is in the works, along with a Ford 3 cyl offering in Eco-boost form as well for the Fiesta.
    6 Apr 2014, 06:56 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    n May 2011 the National Legal and Policy Center announced that some Chevrolet dealers were selling Volts to other dealers and claiming the US$7,500 federal tax credit for themselves. Then the dealers who bought the Volts sell them as used cars with low mileage to private buyers, who no longer qualify for the credit. General Motors acknowledged that 10 dealer-to-dealer Volt sales had taken place among Chevrolet dealers, but the carmaker said they do not encourage such practice.[285][286]

     

    In September 2012, Reuters published an opinion/editorial article where it claimed that General Motors, nearly two years after the introduction of the car, was losing US$49,000 on each Volt it built. The article concluded that the Volt is "over-engineered and over-priced" and that its technological complexity has put off many prospective buyers, due to fears the car may be unreliable.[287] GM executives replied that Reuters' estimates were significantly flawed as they also allocated the vehicle's research and development program costs only against the number of Volts sold in the United States (as of August 2012), instead of spreading the total costs over the entire lifetime of the model, as well as including those units sold in Europe and other countries. GM explained that the investments will pay off once the innovative technologies of the Volt are applied across multiple current and future products.[288]
    .
    Another government sponsored "green project" that costs that taxpayer & is nearly useless.
    6 Apr 2014, 06:10 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Whomever takes first title (as first purchaser) to the cars, are entitled to the rebate. Hence the relatively competitive lease rates on a Volt, as the leasing companies take the rebate and apply it as Cap-cost reduction.

     

    That aside from any opinions on Green car rebates, is what all carmakers enjoy, including Tesla.

     

    Does not change the fact that the Volt has consistently achieved the highest customer satisfaction surveys among all cars, the last couple years, per my two links provided earlier in this thread.
    6 Apr 2014, 06:50 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    With so many "satisfied customers" - you'd think folks would be standing in line to buy one & certainly no need for rebates. Why they'd have customers in a bidding war to get one. - Doesn't seem to be what's actually happened.
    6 Apr 2014, 07:17 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    NorthPack,

     

    They don't need to make money on the Volt,

     

    Every one sold allows then to sell even more high margin 500+ HP, high margin Corvettes, Cadillacs, Camaros & Chevy SS sedans, to wealthy customers, without CAFE penalties. (that's where the market is going)

     

    Strong demand

     

    http://bit.ly/1fTwTqW

     

    http://bit.ly/1fTvNLU

     

    The Car has just beaten a $120K Nissan GTR & a $180K Porsche 911 Turbos S in a Motor Trend comparison test. (May 2014 issue)

     

    http://bit.ly/1fTvKj6

     

    http://bit.ly/1fTvKj7
    6 Apr 2014, 07:34 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (1404) | Send Message
     
    You don't add employees if there isn't a demand for the product. GM is a buy right here. The recall news only makes it a buy with a better entry point.

     

    Disclosure - Long GM and Ford.
    6 Apr 2014, 08:17 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    They DO NEED to make money - that's the ONLY reason they exist, or used to. Cars like the Porsche are not a valid comparison. Porsche and others like it have a nitch "high end market" and are profitable on their own. - GM is in a downward spiral - and it's stock should be "shorted" by anyone that engages in that type of trading. - Most of it's "receivables today" (loans) are to high risk buyers. Meaning they are likely to have a problem actually paying for what they bought, even with a 5 year loan.
    6 Apr 2014, 08:19 PM Reply Like
  • froderick
    , contributor
    Comments (3) | Send Message
     
    the law of business pertaining to supply and demand are no longer in effect. This is another case where good money is being thrown after bad. Does anyone realize it takes a hell of alot of fuel oil to create electricity? The concept of the electric car is in itself idiotic. But that doesnt stop this gov to continue to fail time and time again and not admit to failure but only waste even more money trying to pass their ideas off as if it hasn't caught on yet. Generation of money is meaningless so let's spend more than we have to so we may put on a show and everyone will see we are creating 1450 more jobs so next jobs report will look that much better than the last. This in effect will make the stock market higher so we can pump up the stock market and turn around and let the banks take their profits out first to leave the rest of americans poor as hell! When will people wake up and see what's going on? If it smells like shit it is!
    6 Apr 2014, 09:41 PM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
     
    "Does anyone realize it takes a hell of alot of fuel oil to create electricity?"

     

    Does anyone realize that there are alternatives to "fuel oil" to create that electricity? Hmmmmmm
    6 Apr 2014, 10:28 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11460) | Send Message
     
    The Volt is terribly uneconomic, even net of its massive subsidies. However, I still am long GM and expect a recovery from its various debacles: http://bit.ly/1jnlLmC.
    7 Apr 2014, 04:30 AM Reply Like
  • HFI
    , contributor
    Comments (1780) | Send Message
     
    Wonderful to hear that you are long GM Chris! Always good to have a successful hedge fund manager back a holding I have.
    7 Apr 2014, 05:00 AM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    For GM to invest more time & resources on the Volt at this point - is like someone drilling a hole in the Titanic to let the water out.
    7 Apr 2014, 06:11 AM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    http://aol.it/PZr1CH-grid7|main5|dl35|sec1...
    8 Apr 2014, 12:16 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Interesting But I have no idea what that has to do with the Article (Chevy Volt) the highest consumer satisfaction rated car in the Universe?

     

    But being you asked;

     

    Do you know why GM & NHTSA both dismissed data on the Cobalt?

     

    Do you know how many of the operators were, Drunk, speeding, unbelted, and in some cases not even licensed to drive?

     

    The likelihood of survival (under the specifics) that they would have survived the crashes anyway, given the circumstances?

     

    The amount of People that have already settled with GM despite such data?

     

    I do.

     

    http://bit.ly/Q1fDq4

     

    The last time you ran out of gas (same symptoms as an engine stall) did it cause you to crash, 69 MPH, drunk and unbelted into a tree?

     

    They prolly would have been going even faster if the car had not stalled.
    8 Apr 2014, 06:46 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    GM has acknowledged that in 2004 and 2005, engineers submitted proposals to fix the switches in Cobalts, Saturn Ions and other small cars, but the fixes were never implemented. GM says upper management only became aware of the problem last year. A recall of the small cars, now up to 2.6 million vehicles, began in February.

     

    On Wednesday, Sen. Claire McCaskill, D-Mo., accused one GM employee of a cover-up. Ray DeGiorgio, the lead switch engineer on the Cobalt, said in a deposition last year for a lawsuit against GM that he never approved a change to the ignition switch. But McCaskill produced a document from GM's switch supplier that showed DeGiorgio signed off on a replacement, but with the same part number. Failing to change a part number makes the part harder to track.

     

    Appearing Sunday on ABC's "This Week," McCaskill said, "There is no reason to keep the same part number unless you're trying to hide the fact that you've got a defective switch out there that in fact ended up killing a number of people on our highways."
    .
    .
    It shows a history of - let's say "poor judgement" (being kind) ... and putting more resources into a car that loses money with everyone that's sold - displays an on-going pattern of stupidity with top management.
    8 Apr 2014, 07:26 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (4897) | Send Message
     
    In an exhibition of unalloyed callousness, apparent GM PR operatives and Management loyalists have commenced a whisper campaign over the internet to shift the blame from GM and its leadership team for untold road deaths and injuries from lethally defective cars. They blame (A) NHTSA and slow-moving government bureaucrats, and (B) even more foully, the dead victims themselves, who can no longer speak and testify! A corporate culture of classic corruption and evasion of accountability.

     

    …funfun..
    8 Apr 2014, 08:21 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    In other news,

     

    GM scores Tops (again) in crash tests. This time in high volume SUV's.

     

    No other maker came close, and no other automaker has anywhere near as many 5 star safety crash test ratings.

     

    http://bit.ly/R0yfr9
    8 Apr 2014, 08:52 PM Reply Like
  • Joe Lunchbox
    , contributor
    Comments (711) | Send Message
     
    I guess that's why most of those black government SUVs are Surburbans.
    8 Apr 2014, 10:24 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    "GM scores Tops (again) in crash tests."
    .
    Good news indeed - since they build such junk.
    9 Apr 2014, 07:08 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    Car & Driver 10 best
    http://bit.ly/1hyx1do

     

    GM & Porsche Top quality surveys

     

    http://bit.ly/1nG96QH

     

    GM the Only carmaker out of all automakers to pass crash tests in the most difficult Micro/mini car category.

     

    http://bit.ly/1g6J3cT
    9 Apr 2014, 07:30 AM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    1980 - LOL ... go for it. GM can't give it's cars away, & now it wants to spend more time, money & effort on a proven loser - the Volt. Now how could anyone think that was a stupid idea???
    9 Apr 2014, 10:16 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    GM raises Corvette pricing due to high demand

     

    http://aol.it/PRrIOS

     

    BTW: It was North American Car of the Year and

     

    Automobile Magazine Car of the year

     

    ----------------------...

     

    Motor trend Car of the year, Cadillac CTS

     

    North American Truck of the year, Chevy Silverado.

     

    2013 North American Car of the year, Cadillac ATS
    9 Apr 2014, 10:28 AM Reply Like
  • chopchop0
    , contributor
    Comments (5271) | Send Message
     
    The corvette has been an exception, rather than than a rule, and that didn't start this year. Show me anything outside of a corvette or trucks that has been well received or had great sales in recent memory.
    9 Apr 2014, 11:00 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    I just cited you 3 examples besides the Corvette.

     

    Here's some more;

     

    http://bit.ly/1g7eXps

     

    Pricing Power.

     

    http://bit.ly/1g7eXpt

     

    http://bit.ly/PRBwIG
    9 Apr 2014, 11:02 AM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    Even though the redesigned 2015 pickups have better gas mileage, the Silverado and Sierra haven’t been able to keep up with competition from Ford’s popular F-Series trucks. In September, GM sold 32,506 Chevy Silverados, an 11 percent drop from September 2012. Ford sold 60,456 of its F-Series trucks in the same month.

     

    Ford’s F-Series has routinely been named the top-selling vehicle in America, and reported shortages of the new General Motors trucks with the popular V8 engine have prevented GM from making sales that it could have stolen from Ford. Dealers have complained about the shortage of the new GM trucks, and it’s likely the lack of V8 pickups contributed to GM’s decline in September. Meanwhile, Ford’s new F-150 Raptor trucks have been flying off the lots, and the company has been forced to increase production on the vehicle to keep up with demand.
    9 Apr 2014, 06:00 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
     
    The Raptor?

     

    Are you serious?

     

    While it's an interesting vehicle, It is a low volume specialty Niche vehicle.

     

    About 11MPG city (nearly 1/2 of GM's 6.2L V-8 of the same output) Hardly enough to move the needle either way.

     

    5 Trucks per hour?

     

    Shirley, you cannot be serious?

     

    http://bit.ly/PSUVbX

     

    Either way it does not matter.

     

    No replacement for the Raptor is scheduled, after it is discontinued after this year

     

    http://bit.ly/PSUVc1

     

    Unless I missed something, Ford has yet to release any MPG data for the 2015 F-Series.

     

    But we do know it will be more expensive to produce, compressing margins. Real world MPG will be marginal improvements, as HWY MPG is 90% Aero-drag related, not weight.
    9 Apr 2014, 06:19 PM Reply Like
  • North Pack
    , contributor
    Comments (76) | Send Message
     
    GM also is facing a federal criminal probe. Some analysts say prosecutors could seek penalties similar to the $1.2 billion fine the Justice Department recently levied on Toyota for allegedly lying to the public about an unintended-acceleration problem that led to the recall of many models.

     

    “These investigations always reveal the person who ignored the obvious, the person who dismissed potential problems,” said Maryann N. Keller, an independent consultant who wrote a book about GM. “What it doesn’t reveal is whether or not there was a systemic problem within the com­pany and whether people consciously or unconsciously avoided giving superiors bad news.”

     

    Keller said GM has long been known for hiring people who “individually were the best and brightest” but who were later channeled into a system that rewarded conformity.
    .
    .
    GM - Bad management top to bottom, without ANY question. - Deciding to put more money & effort into a car they lose money on with every sale takes that to an entirely new level. - Thing is - this time THEY WON'T get bailed out, and BTW Ford didn't need to be bailed out.
    9 Apr 2014, 06:52 PM Reply Like
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