Connect with us
General-motors-buyouts-voluntary-separation-program General-motors-buyouts-voluntary-separation-program

News

GM moves to match Tesla and Ford with new EV production

Credit:GM Authority

Published

on

GM is reportedly considering expanding EV production to its existing Ramos Arizpe plant in northern Mexico.

General Motors (GM) and other major American automakers have long had a presence South of the United States. Even now, vehicles like the Chevy Trax, Jeep Compass, and the ever-popular Chevy Silverado are produced en masse across the border in Mexico. Now, the most prominent American auto group is also considering expanding its EV production to Mexico.

The Mexican Economic Ministry announced that GM would be expanding EV production to the country via a tweet showing leaders from both parties discussing it yesterday.

The first tweet reads:

“The [Economic Minister], Raquel Buenrostro, met with General Motors. They reported that by 2024 their industrial complex in Ramos Arizpe, Coahuila, will produce only electric vehicles. They announced the increase of 5,000 jobs, promoting the inclusion of gender in their workforce.”

The second tweet clarifies, saying:

Advertisement

“The increase in jobs has been generated during this six-year term in the San Luis Potosí and Ramos Arizpe plants, resulting in a total of 4,500.”

According to the tweet from the Mexican Ministry, the Ramos Arizpe plant will be shifting to 100% EV production this year and aims to begin full production sometime in 2024. This follows news that GM had been increasing its workforce in Mexico by roughly 4,500, according to a clarifying tweet from the Ministry.

Mexico has become a hotspot for EV production over the past few years. Its location near the United States, cheaper labor, and its access to U.S. Federal EV incentives have made it a prime location for new EV production. This has attracted the likes of Ford and Tesla and is likely influencing brands like GM, Hyundai/Kia, and BMW, which already have significant production facilities in the country.

GM nor the Mexican Economic Ministry specified what vehicles the American auto giant would be producing at its revamped production facility, but it’s possible to make an educated prediction.

Advertisement

The Ramos Arizpe plant currently produces the Chevy Equinox and Chevy Blazer ICE vehicles. And coincidently, both of these vehicles will be available as electric models in the coming years. Hence, with the facility’s familiarity with the products and the production date of 2024 matching the introduction date of the two Chevy EV SUVs, it would not be surprising if they were produced at the revamped facility.

GM has not specified if existing ICE vehicle production lines would be halted. Still, with its recent hiring, one would anticipate that it is opening a new production line for strictly EVs.

It is no surprise that the General chose the Ramos Arizpe plant to produce EVs. Mear miles from Monterey, it is within a stone’s throw of the proposed location for the upcoming Tesla plant. And while GM is likely not basing its decision on its competition’s new location, both automakers have probably been lured to the site not only for the aforementioned cheaper labor and quick access to the U.S. market but also for the safety and infrastructure available in the area.

According to the U.S. State Department travel advisory site, the area of Monterey is safer than other border locations, including Baja California and the State of Tamaulipas. At the same time, the locations chosen by both manufacturers are serviced by one of the largest highways going into the United States, Mexico Route 85/U.S. Interstate 35.

Advertisement

It is a positive sign to see the behemoth of General Motors finally changing course toward electric vehicles. And while its recently announced products have been fantastic to hear about, announcing production changes is more concrete evidence of the change happening behind the scenes. And whatever the company decides to build at its Mexican facility, you can count me as excited to see it come to fruition.

What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

Advertisement
Comments

Investor's Corner

Lucid denies rumors of bankruptcy after over 40% stock drop

Published

on

Credit: Lucid

Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hours.

Lucid’s Director of Communications, Nick Twork, responded to the report from Eletric-Vehicles.com, which stated the company’s restructuring advisor, AlixPartners, was asked to review two decisions: taking Lucid shares private or filing for Chapter 11 bankruptcy protection.

The report also claims AlixPartners told the Lucid board to “concentrate on Gravity production while improving its quality, and to temporarily hold back the Lucid Air, the sedan that has defined the company since its launch.”

Twork said:

Advertisement

Shares rebounded after the response to the report, halving its losses as the trading day neared 3 p.m. Eastern.

Lucid has struggled to get its sales off the ground and into more respectable numbers, but the company is in its early years, when things are hard to begin with. It is also backed by several notable investors, including the Saudi Public Investment Fund (PIF), which has nearly limitless money and likely would not ditch an investment of this size so soon.

Advertisement

Lucid shares were down just 14 percent at the time of publication, a far cry from the 55 percent its losses topped out at during the day.

Continue Reading

News

Tesla owner attempts resale of Model S Signature Edition for over $260k

Published

on

Credit: Tesla

A Tesla owner who purchased a Model S Signature Edition, one of the final 250 units of the all-electric flagship vehicle that the company discontinued earlier this year, is attempting to sell the car despite a no-resale clause that prohibits reselling for the first year.

The car is being sold by J&S Autohaus in Ewing, New Jersey, and is priced at $260,490, well above the $159,420 that Tesla sold it for earlier this year.

To those who do not know, the Model S Signature was a highly exclusive, limited-run farewell variant of the Model S Plaid that was produced this year to mark the end of production of both the Model S and Model X, Tesla’s two flagship vehicles.

Limited to just 250 units with invite-only sales, it serves as a collector’s item celebrating the legacy of the Model S, which helped pioneer Tesla’s electric vehicle success since its 2012 launch.

It bundles top-tier performance with bespoke cosmetic and luxury upgrades, plus Tesla’s Luxe Package. Here’s what the Model S Signature has over the typical Model S Plaid:

Advertisement
  • Exclusive Exterior – Unique Garnet Red Paint, matching door handles, gold Tesla “T” badges upfront, gold Plaid and Signature badging at the rear.
  • Premium Interior – White Alcantara upholstery with gold piping/accents, gold Plaid seat badges, Signature-marked door sills, individually numbered dashboard plaque, gold puddle lights, special interior lighting sequence, and a custom Signature key fob.
  • Performance Upgrades – Carbon-ceramic brakes with gold calipers
  • Bundled Luxe Package – Full Self-Driving (Supervised), four years of Premium Connectivity, free lifetime Supercharging
  • Performance Metrics – ~1,020 horsepower, sub-2-second 0-60 MPH, ~390-mile range

Tesla quickly introduced a No Resale Agreement for the Signature Editions of the Model S and Model X, which would penalize the seller for “the amount of $50,000 or the value received as consideration for the sale or transfer, whichever is greater.”

The company continues:

“If you sell or otherwise transfer the ownership of your Model S or Model X, the remainder of the Recommended Maintenance, Wheel and Tire Protection Plan, and Windshield Protection Plan will transfer automatically to the buyer. The Full Self-Driving (Supervised), Free Supercharging and Premium Connectivity will not transfer with the vehicle and will terminate once the ownership of the Model S or Model X is transferred.”

Tesla will likely come after the seller, especially as it has been about two months since Tesla launched deliveries.

Advertisement
Continue Reading

News

Tesla Full Self-Driving v14.3.5 Early Impressions: new features and early performance

Published

on

Credit: TESLARATI

Tesla rolled out Full Self-Driving (Supervised) v14.3.5 yesterday, and about fifty miles of driving on the new version has given me enough time to highlight what seems to be strong about the release and what is not.

Additionally, Tesla has added a few new features with this specific update, which we’ll highlight as well.

Tesla Full Self-Driving v14.3.5 Performance

The new update is business as usual. Things seem to be running completely normal and necessary, but there are a few things that we’ve seemed to pick up on based on our own experience with v14.3.5, as well as what other users are seeing.

Initially, it seems to be more aware of its surroundings, making moves that are incredibly courteous to other drives and operating just a tad more reserved than what the suite might have done previously.

Advertisement

We had two instances where it showed this, the first being FSD needing to pass a Flagger Force vehicle that was placing down signage for the day. Their work truck was right at the front corner of a right-hand turn; typically where most cars travel when they take that turn.

FSD v14.3.5 recognized this, slowed down, and took the turn wide with no issues:

Advertisement

Additionally, v14.3.5 backed up for a semi truck that was making a wide turn onto a road my car was on. This is not new, but it seemed to be backing up for courtesy; it didn’t seem completely necessary, but it might have put some peace of mind in the truck driver’s head:

X user Mike P, also a Pennsylvania native like myself, shared three clips of his Tesla running v14.3.5 performing similar maneuvers. He said:

Advertisement

“FSD turns right into a small alley that only fits one car at a time, sees oncoming car, reverses out of alley to make space, realizes oncoming car is actually parking, re-enters alley.”

Check it out here:

It seems like Speed Profiles are still in need of some tweaking; I am adjusting what Speed Profile I’m in frequently, constantly changing it to get it to travel at the correct speed. This was an issue for me on v14.3.4. It seems like they’re just a little inconsistent.

Terrible Parking

Parking attempts on v14.3.5 were not good. There are quite a few people who have said this:

Advertisement

David Moss, the Tesla owner who has taken multiple coast-to-coast drives without any interventions, also has had some issues with parking early on with v14.3.5:

New Features

Tesla has added the ability to open Camera Preview at any time. Previously, it was only available in Park. Here’s what that feature looks like in action:

Advertisement

Check back later this week for a longer review of what we’ve noticed on Full Self-Driving v14.3.5.

Advertisement
Continue Reading