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Author: Jamie L. LaReau, Detroit Free Press

Money

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

November 6, 2021 Jamie L. LaReau, Detroit Free Press Comments 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, 2021 Jamie L. LaReau, Detroit Free Press Comments 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, 2021October 24, 2021 Jamie L. LaReau, Detroit Free Press Comments 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.

Money

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

October 6, 2021October 6, 2021 Jamie L. LaReau, Detroit Free Press Comments 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, 2021 Jamie L. LaReau, Detroit Free Press Comments 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, 2021September 23, 2021 Jamie L. LaReau, Detroit Free Press Comments 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, 2021 Jamie L. LaReau, Detroit Free Press Comments 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.

Money

General Motors to temporarily halt production of nearly all US plants due to pandemic-related chip shortage overseas

September 2, 2021 Jamie L. LaReau, Detroit Free Press Comments Off on General Motors to temporarily halt production of nearly all US plants due to pandemic-related chip shortage overseas

General Motors will idle plants starting Monday for two weeks due to COVID-19 affecting the production of semiconductor chips

Money

It’s easier for your car to be hacked than you might think: How to protect yourself

August 25, 2021 Jamie L. LaReau, Detroit Free Press Comments Off on It’s easier for your car to be hacked than you might think: How to protect yourself

The modern car is vulnerable to being hacked due to complex software. As automakers work to protect cars, here’s what you can do to protect yours.

Money

GM recalls all Chevy Bolts for fire risk at cost of an extra $1 billion

August 21, 2021 Jamie L. LaReau, Detroit Free Press Comments Off on GM recalls all Chevy Bolts for fire risk at cost of an extra $1 billion

GM is recalling 141,600 Chevrolet Bolt EVs and the new EUV for potential fire risk and will replace battery modules in them.

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