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Author: Jamie L. LaReau, Detroit Free Press

Money

Some new-car buyers are paying more than sticker price: Pickups, SUV shortage causes ripple effect

November 8, 2021Jamie L. LaReau, Detroit Free PressComments Off on Some new-car buyers are paying more than sticker price: Pickups, SUV shortage causes ripple effect

Car buyers beware: Discounts are nearly non-existent and more dealers are tacking on a surcharge above sticker price given the shortage of inventory.

Money

Looking to buy a new car? You could be paying $20k or more above sticker price

November 6, 2021Jamie L. LaReau, Detroit Free PressComments Off on Looking to buy a new car? You could be paying $20k or more above sticker price

Car buyers beware: Discounts are nearly non-existent and more dealers are tacking on a surcharge above sticker given the shortage of inventory.

Money

Amid a computer chip and car parts shortage, GM third-quarter profits plummet 40%

October 27, 2021Jamie L. LaReau, Detroit Free PressComments Off on Amid a computer chip and car parts shortage, GM third-quarter profits plummet 40%

Chip shortage continues to hurt bottom line for General Motors.

Money

Amid a computer chip and car parts shortage, GM third-quarter profits plummet 40%

October 27, 2021Jamie L. LaReau, Detroit Free PressComments Off on Amid a computer chip and car parts shortage, GM third-quarter profits plummet 40%

Chip shortage continues to hurt bottom line for General Motors.

Money

Which is more expensive: charging an electric vehicle or fueling a car with gas?

October 23, 2021Jamie L. LaReau, Detroit Free PressComments Off on Which is more expensive: charging an electric vehicle or fueling a car with gas?

EVs cost more to power than gasoline costs to fuel an internal combustion car with reasonable gas mileage, according to an Anderson Economic Group report.

News

Which is more expensive: Charging an electric vehicle or fueling a car with gas?

October 23, 2021October 24, 2021Jamie L. LaReau, Detroit Free PressComments Off on Which is more expensive: Charging an electric vehicle or fueling a car with gas?

EVs cost more to power than gasoline costs to fuel an internal combustion car with reasonable gas mileage, according to an Anderson Economic Group report.

Tech

GM to double revenues and increase capacity for EV assembly at factories

October 6, 2021October 6, 2021Jamie L. LaReau, Detroit Free PressComments Off on GM to double revenues and increase capacity for EV assembly at factories

The GM CEO said much of that revenue growth will come from new EVs, start-up BrightDrop electric delivery trucks, OnStar insurance and new software.

Money

GM’s Barra looks to partner with chip makers in order to end shortage

September 29, 2021Jamie L. LaReau, Detroit Free PressComments Off on GM’s Barra looks to partner with chip makers in order to end shortage

The global chip shortage forced GM to look beyond the short-term”fix of getting enough for the next week in favor of more permanent solutions.

Money

New forecast says chip shortage to cost the car industry $210 billion

September 23, 2021Jamie L. LaReau, Detroit Free PressComments Off on New forecast says chip shortage to cost the car industry $210 billion

The report released Thursday by consulting firm AlixPartners forecasts that automakers will lose production of 7.7 million vehicles this year.

Money

‘It’s unnerving’: Chevy Bolt owners want buybacks after 141,000 vehicles recalled for fire risk

September 11, 2021Jamie L. LaReau, Detroit Free PressComments Off on ‘It’s unnerving’: Chevy Bolt owners want buybacks after 141,000 vehicles recalled for fire risk

Unnerved and upset Bolt owners seek buybacks from GM after the automaker issued a recall on 2017-22 model year EVs and EUVs for fire risk.

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