Latest news with #MarkReuss
The Drive
3 days ago
- Automotive
- The Drive
Where Is the Electric Corvette GM Announced Back in 2022?
The latest car news, reviews, and features. Hop in the Way Back Machine to three years ago and the electric Chevrolet Corvette was announced. Since then GM hasn't said a word, the car's never been mentioned again, and its existence seems to have all but been forgotten. Where is this thing? And why haven't prototypes even been spotted? In 2022 GM President Mark Reuss went live on CNBC and told Phil LeBeau an electrified Corvette was coming the next year, and an electric version would follow. No further timelines were given. The electrified Corvette Reuss confirmed was the E-Ray, which as the exec stated, launched the next year in 2023. But the electric Corvette hasn't been mentioned outside of the media asking about it since Reuss announced it in 2022. During the media backgrounder for the 2026 Chevrolet Corvette ZR1X, a Zora by another name, Motor1 asked the Corvette team about the MIA electric Corvette's timeline. Corvette Chief Engineer Josh Holder said, 'not soon,' and went on to say, ' I never say never.' The first response made sense, as prototypes haven't even been spotted for a Corvette lacking tailpipes or a combustion engine. The follow up comment hit weird, because Reuss confirmed the electric Corvette three years ago. Chevrolet spokesperson Trevor Thompkins told The Drive , 'To reiterate what Josh said and add further clarity, we have said previously an electric Corvette would be a part of the nameplate's lineup at some point in the future, we have no further details to announce today. ' Highly unlikely that GM hid the electric Corvette in plain sight and we've seen it. But, the automaker did reveal a next-gen C9 Corvette concept designed by a team in Birmingham, England. The concept? Said to be electric. The brief: Design a hypercar version of the Corvette and push the boundaries. The C8 ZR1X has officially pushed the Corvette nameplate into hypercar territory, presumably while embarrassing every automaker producing hypercars in terms of price when it goes on sale. With the recent departures of key stake holders on the Corvette team the question of whether we've reached peak Corvette has been raised. There will be be other Corvettes, presumably an electric Corvette, which was confirmed three years ago and reconfirmed by Thompkins to The Drive . The question is when? Got tips? Send 'em to tips@
Miami Herald
6 days ago
- Automotive
- Miami Herald
GM Hints at New Affordable Next-Gen EV Made in U.S.
General Motors (GM) has announced plans to develop and build an affordable next-gen electric vehicle (EV) at its Fairfax, Kansas, plant. While Chevy's new Bolt EV is entering production by the end of the year at the same Kansas facility, it's unclear whether the up-and-coming next-gen model is part of the Bolt family or a new lineup. GM's president, Mark Reuss, said in October the 2027 Bolt EV's "price isn't final yet," while adding "it [2027 Bolt EV] will be priced only slightly higher than the 2023 Bolt, which started at $28,795, and it will just be one member of a family on the Bolt, including an even lower cost option," according to GM Authority. The average transaction price (ATP) for a new EV in May was $57,734, Kelley Blue Book reports. Chevy's 2027 Bolt will be North America's first Ultium-based model with lithium iron phosphate (LFP) batteries, helping the model sell at lower prices than ones with nickel manganese cobalt batteries. Despite details on the 2027 Bolt remaining limited, its release around mid-2026 means that Chevy is likely months away from revealing the model. News of the affordable EV in development arrives after GM revealed plans to invest around $4 billion in U.S. production for gas-powered and electric models over the next two years. Domestic manufacturing investments should help GM mitigate the impacts of President Trump's tariffs, which are projected to cost the automaker up to $5 billion in 2025. GM's $4 billion investment will allow the company to manufacture over two million vehicles in the U.S. annually. In addition to making a next-gen affordable EV and the 2027 Chevy Bolt, GM's Fairfax, Kansas plant will support the gas-powered Chevy Equinox's production starting in mid-2027. Equinox sales increased 30% year-over-year during Q1. Separate GM U.S. production facilities include Orion Assembly in Orion Township, Michigan, and Spring Hill Manufacturing in Spring Hill, Tennessee. Orion Assembly will take on gas-powered full-size SUVs and light-duty pickups, while Spring Hill Manufacturing will focus on the Chevy Blazer, the Cadillac LYRIQ and VISTIQ EVs, and the Cadillac XT5. GM's Factory ZERO in Detroit-Hamtramck, Michigan, will handle the Chevy Silverado EV, GMC Sierra EV, Cadillac ESCALADE IQ, and GMC HUMMER EV pickup and SUV production. GM also confirmed plans last month to commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. These cells will provide a 33% higher energy density compared to the best lithium iron phosphate (LFP)-based cells at a comparable cost. The new battery cells are expected to be a staple of the automaker's electric truck lineup, with over 400 miles of available range, while optimizing savings over their high-nickel pack counterpart, which currently supplies segment-leading range. Following GM's most recent production announcement, the biggest question is whether its next-gen affordable EV will be part of the Chevy Bolt EV family or a new lineup. We also don't know whether the 2027 Bolt EV, which is returning after a three-year hiatus, will revive its hatchback configuration or if the model will adopt crossover styling reminiscent of its EUV version. Still, it's clear that GM's manufacturing strategy is prioritizing affordability in the EV segment and cost mitigation amid tariff policies. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Auto Blog
7 days ago
- Automotive
- Auto Blog
GM Hints at New Affordable Next-Gen EV Made in U.S.
GM has shared info on its development of a new next-gen affordable EV as it ramps up U.S. production with a $4 billion investment. GM's Fairfax, Kansas plant to host automaker's affordable EVs General Motors (GM) has announced plans to develop and build an affordable next-gen electric vehicle (EV) at its Fairfax, Kansas, plant. While Chevy's new Bolt EV is entering production by the end of the year at the same Kansas facility, it's unclear whether the up-and-coming next-gen model is part of the Bolt family or a new lineup. GM's president, Mark Reuss, said in October the 2027 Bolt EV's 'price isn't final yet,' while adding 'it [2027 Bolt EV] will be priced only slightly higher than the 2023 Bolt, which started at $28,795, and it will just be one member of a family on the Bolt, including an even lower cost option,' according to GM Authority. The average transaction price (ATP) for a new EV in May was $57,734, Kelley Blue Book reports. Chevy's 2027 Bolt will be North America's first Ultium-based model with lithium iron phosphate (LFP) batteries, helping the model sell at lower prices than ones with nickel manganese cobalt batteries. Despite details on the 2027 Bolt remaining limited, its release around mid-2026 means that Chevy is likely months away from revealing the model. GM's ambitious U.S. production plans are taking shape News of the affordable EV in development arrives after GM revealed plans to invest around $4 billion in U.S. production for gas-powered and electric models over the next two years. Domestic manufacturing investments should help GM mitigate the impacts of President Trump's tariffs, which are projected to cost the automaker up to $5 billion in 2025. GM's $4 billion investment will allow the company to manufacture over two million vehicles in the U.S. annually. In addition to making a next-gen affordable EV and the 2027 Chevy Bolt, GM's Fairfax, Kansas plant will support the gas-powered Chevy Equinox's production starting in mid-2027. Equinox sales increased 30% year-over-year during Q1. Separate GM U.S. production facilities include Orion Assembly in Orion Township, Michigan, and Spring Hill Manufacturing in Spring Hill, Tennessee. Orion Assembly will take on gas-powered full-size SUVs and light-duty pickups, while Spring Hill Manufacturing will focus on the Chevy Blazer, the Cadillac LYRIQ and VISTIQ EVs, and the Cadillac XT5. GM's Factory ZERO in Detroit-Hamtramck, Michigan, will handle the Chevy Silverado EV, GMC Sierra EV, Cadillac ESCALADE IQ, and GMC HUMMER EV pickup and SUV production. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. 2022 Chevrolet Bolt EUV — Source: Chevrolet GM also confirmed plans last month to commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs. These cells will provide a 33% higher energy density compared to the best lithium iron phosphate (LFP)-based cells at a comparable cost. The new battery cells are expected to be a staple of the automaker's electric truck lineup, with over 400 miles of available range, while optimizing savings over their high-nickel pack counterpart, which currently supplies segment-leading range. An employee holds a full-size prototype LMR battery cell at the General Motors Wallace Battery Cell Innovation Center. — Source: Steve Fecht for General Motors Final thoughts Following GM's most recent production announcement, the biggest question is whether its next-gen affordable EV will be part of the Chevy Bolt EV family or a new lineup. We also don't know whether the 2027 Bolt EV, which is returning after a three-year hiatus, will revive its hatchback configuration or if the model will adopt crossover styling reminiscent of its EUV version. Still, it's clear that GM's manufacturing strategy is prioritizing affordability in the EV segment and cost mitigation amid tariff policies. About the Author Cody Carlson View Profile
Yahoo
14-06-2025
- Automotive
- Yahoo
General Motors Company (NYSE:GM) Rising on News of $4B Injection into U.S. Plants
General Motors Company (NYSE:GM) is one of the 8 Biggest EV Stocks to Watch in 2025. It has announced a $4 billion commitment to relocate production from Mexico to the United States, expanding gas and electric vehicle manufacturing in the face of President Trump's tariffs. A group of technicians in a garage, inspecting car parts and ensuring safety compliance. During the next two years, General Motors Company (NYSE:GM) plans to move the production of the Chevrolet Equinox to Kansas City, Kansas, by mid-2027 and the Chevrolet Blazer to Spring Hill, Tennessee, in 2027. The 2027 Chevrolet Bolt EV will also be produced at the Kansas facility by the end of 2025. This action followed the redesigned Equinox's solid 30% year-over-year sales rise in the first quarter of 2025. General Motors Company (NYSE:GM) intends to make additional investments in Kansas for its upcoming line of reasonably priced EVs. Furthermore, starting in 2027, Orion Assembly in Michigan will manufacture light-duty pickups and full-size SUVs with gas engines. According to General Motors Company (NYSE:GM), the investment will enable it to produce more than two million cars in the United States each year. President Mark Reuss and CEO Mary Barra underlined the strategy's importance to American employment, manufacturing power, and consumer choice. While we acknowledge the potential of GM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Automotive
- Yahoo
GM to invest $4B into U.S. manufacturing, including KCK's Fairfax plant
KANSAS CITY, Mo. — General Motors announced on Tuesday that it plans to invest about $4 billion over the next two years into manufacturing throughout the United States, including the Fairfax plant in Kansas City, Kansas. According to , the new investment will give the company the opportunity to create more than 2 million new vehicles per year across the U.S. KC2026 to provide update on FIFA World Cup tournament plans Three plants across Michigan, Kansas and Tennessee will expand vehicle production of some of the company's most popular models: Orion Assembly, Orion Township, Michigan Gas-powered full-size SUVs and light-duty pickup trucks Chevrolet Silverado EV, GMC Sierra EV, Cadillac ESCALADE IQ, and GMC HUMMER EV pickup and SUV Fairfax Assembly, Kansas City, Kansas Gas-powered Chevrolet Equinox and 2027 Chevrolet Bolt EVs. 'GM expects to make new future investments in Fairfax for GM's next generation of affordable EVs,' the company said. Spring Hill Manufacturing, Spring Hill, Tennessee Gas-powered Chevrolet Blazer, Cadillac LYRIQ and VISTIQ EVs, and the Cadillac XT5 The latest manufacturing plan comes after the company announced an $888 million investment proposal in the Tonawanda Propulsion plant near Buffalo, New York. The investment aims to help GM develop and evolve the V-8 engine. 'We believe the future of transportation will be driven by American innovation and manufacturing expertise,' said GM Chair and CEO Mary Barra. 'Today's announcement demonstrates our ongoing commitment to build vehicles in the U.S and to support American jobs. We're focused on giving customers choice and offering a broad range of vehicles they love.' According to the company, about one million people — customers, employees and suppliers — across the nation depend on GM's 50 U.S. manufacturing plants and parts facilities across 19 states, as well as its 11 assembly plants, to sustain their livelihoods. At this time, the company said it is on track to deliver its sixth consecutive year as the full-size pickup sales leader, and its 51st straight year leading in full-size SUVs. Additionally, in the second half of 2024, GM became the second-highest seller of electric vehicles in the U.S. with the help of its 13 new EV models from Chevrolet, Cadillac, and GMC. Because of this success, Chevrolet has become the fastest-growing EV brand and is ranked second among all EV brands in sales. Hallmark Christmas Experience returns to Kansas City with star appearances 'Today's news goes well beyond the investment numbers — this is about hardworking Americans making vehicles they are proud to build and that customers are proud to own,' said GM President Mark Reuss. 'As you travel the country, you can see firsthand the scale of our manufacturing footprint and the positive economic impact on our communities and our country.' The company said going forward, it expects its annual capital spending to be between $10 billion and $12 billion through 2027, reflecting GM's effort to invest back into U.S. manufacturing, as well as key programs. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
