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AM I ELIGIBLE FOR BUSINESS CHOICE?
Wednesday, November 16, 2022
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Sunday, November 13, 2022
DETROIT — General Motors today announced the finalization of energy sourcing agreements required to secure 100% of the energy needed to power all its U.S. facilities by 2025. This is in line with the accelerated target announced in September 2021, which is 5 years ahead of the 2030 target announced in early 2021 and 25 years ahead of the initial target of 2050, set in 2016.
By achieving this accelerated goal, GM expects to avoid the production of an estimated 1 million metric tons of carbon emissions that would have been produced between 2025 and 2030, equal to the emissions produced by burning 1 billion pounds of coal.
“We believe it is critical — to ourselves, to our customers and to the future of the planet — to step up our efforts and reach ambitious targets that move us closer to a more sustainable world,” says Kristen Siemen, GM chief sustainability officer. “Securing the renewable energy we need to achieve our goal demonstrates tangible progress in reducing our emissions in all aspects of our business, ultimately moving us closer to our vision of a future with zero emissions.”
Sourcing renewable energy is a critical component of GM’s plans to decarbonize. The company’s renewable energy strategy is rooted in four pillars:
GM's renewable energy portfolio now includes sourcing agreements from 16 renewable energy plants across 10 states, continuing to lead all automotive OEMs as the largest offtaker of renewable power in the industry. Since 2017, the portfolio has also produced over $75 million of positive cash flows.
In 2019, GM became a founding member of what is now known as the Clean Energy Buyers Association — the largest group of corporate renewable energy buyers in the U.S. CEBA brings companies together to unlock market access, helping organizations of all sizes find cost-effective pathways to buying renewable energy.
“General Motors has been a trailblazer in corporate clean energy procurement for manufacturing facilities for over a decade,” said Miranda Ballentine, CEO of the Clean Energy Buyers Association. “Today’s announcement of securing the energy needed to achieve their 2025 goal is another example of their leadership. But even more impressive has been GM’s commitment to sharing their learnings and guiding other corporations who want to follow their lead. In a world of high competition, this community-orientation is truly wonderful.”
In 2021, GM announced its Science Based Targets for emissions reduction, as well as plans to become carbon neutral in its global products and operations by 2040. In addition, the company plans to eliminate tailpipe emissions from new U.S. light-duty vehicles by 2035. GM has committed to invest $35 billion in electric and autonomous vehicles through 2025, with plans to reach more than 1 million units of annual EV capacity in each of North America and China by the end of 2025.
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
Cautionary Note on Forward-Looking Statements: This communication and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgement about possible future events. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
Friday, November 11, 2022
Thursday, November 10, 2022
Veterans Day (originally known as Armistice Day) is a federal holiday in the United States observed annually on November 11, for honoring military veterans of the United States Armed Forces (who were discharged under conditions other than dishonorable). It coincides with other holidays including Armistice Day and Remembrance Day which are celebrated in other countries that mark the anniversary of the end of World War I. Major hostilities of World War I were formally ended at the 11th hour of the 11th day of the 11th month of 1918 when the Armistice with Germany went into effect. At the urging of major US veteran organizations, Armistice Day was renamed Veterans Day in 1954.
Wednesday, November 9, 2022
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Monday, October 31, 2022
- In collaboration with American Expedition Vehicles, Chevrolet releases first-ever Silverado ZR2 Bison special edition designed to bolster the truck’s off-road capability including rocker protection, unique skid plates, custom front bumper and more.
- Also new for select trims in the 2023 model year, the popular 3.0L Duramax Diesel gets fine-tuned for more power with a GM-estimated max horsepower of 305 and max torque of 495 lb-ft.
DETROIT – Building off the success of the recent Silverado ZR2 launch, Chevrolet introduced the first-ever special edition Silverado ZR2 Bison in collaboration with American Expedition Vehicles (AEV), a premium off-road aftermarket manufacturer. This truck was uniquely tuned to unlock new heights in off-road capability for customers seeking overlanding adventures.
“Our most recent collaboration with AEV resulted in the much-acclaimed Colorado ZR2 Bison. We’re thrilled to team up again to bring customers Chevrolet’s next chapter of off-road dominance, this time on Silverado,” said Scott Bell, Chevrolet vice president. “The 2023 Silverado ZR2 Bison unlocks the pinnacle of the nameplate’s off-road capability.”
AEV has a strong track record for providing accessories that excel in overland expedition environments. The 2019 Colorado ZR2 Bison quickly became the most popular special edition package offered with the Colorado ZR2. Similar to the Colorado ZR2 Bison development, AEV and GM engineers and designers collaborated on the tooling and design to bring forth the Silverado ZR2 Bison with unique overlanding componentry.
“The Chevrolet Silverado ZR2 Bison is the ultimate half-ton truck for backcountry adventures,” said AEV CEO and Founder Dave Harriton. “The Silverado ZR2 Bison checks all the boxes — robust stamped steel bumpers, complete underbody protection, a factory-tuned off-road suspension, and locking differentials front and rear. We are confident off-road enthusiasts are going to love this truck.”
When compared to the 2022 Silverado ZR2, the Bison special edition is expected to feature improved stats for overlanding adventure. The front approach angle increases to an estimated 32.5 degrees (compared to 31.8 degrees). The departure angle improves to an estimated 23.4 degrees (compared to 23.3 degrees). The trucks are expected to share the same ground clearance at 11.2 inches.
This truck reaches new levels of off-road confidence also in part due to the high-quality steel integrated in the AEV bumpers and underbody protection. The AEV-stamped steel front and rear bumpers are constructed of 3-millimeter-thick steel and are powder and e-coated. The press-hardened steel used for the underbody skid plates is three-and-a-half times stronger than an equivalent cold-stamped high-strength steel plate and provides incredible resistance to underbody damage.
Bolstering the truck’s resume for off-road strength, the Silverado ZR2 Bison comes standard with:
- AEV stamped steel front and rear bumpers with heavy duty recovery points and integrated step pads. The front bumper is compatible with an available winch accessory
- Five unique hot-stamped boron steel skid plates providing protection for the front, rear differential, transfer case and fuel tank
- Steel rocker panel protection
- A three-piece durable steel front bumper with integrated black, vertical front tow hooks
- Exclusive gloss black 18-inch AEV wheels paired with 33-inch Goodyear Wrangler Territory MT tires
Bison customers will continue to enjoy ZR2’s standard features:
- Standard 6.2L V-8 engine with 10-speed automatic transmission delivers 420 horsepower and 460 lb-ft of torque to power through tough terrains
- Multimatic 40-millimeter DSSV spool-valve dampers, which feature:
- Three separate spool valves to control damping
- Three connected chambers for fluid flow
- Uniquely tuned springs that, with the Multimatic dampers, increase maximum front and rear suspension travel, compared to the Silverado Trail Boss
- Front and rear e-lockers
- Specific off-road chassis and suspension calibrations, including Terrain Mode, which allows one-pedal1 rock crawling
The Silverado ZR2 Bison exclusive body-color grille bar provides contrast to the black grille design and prominently features the signature ZR2 badge on the front of the truck to the right of the iconic Chevy “flow-tie.” On the rear, the bold black matte finish on the standard Multi-Flex tailgate is unique to the Bison design and allows the centered Chevrolet bowtie to stand out.
Tastefully integrated into the design, Silverado ZR2 Bison customers will enjoy discovering nods to the AEV collaboration throughout the interior and exterior of the truck, including the Bison decal on the side outer box and the AEV badge featured on the front headrests and all-weather floor liners.
The Silverado ZR2 Bison is expected to start production in early 2023 with an MRSP of $78,490 with dealer freight charge included2.
2023 Silverado 3.0L Diesel Duramax Delivers More Power, Capability
Also new for the 2023 model year, the refined second-generation 3.0L inline-six turbo-diesel Duramax is expected to deliver additional power and torque.
This engine is primed to deliver a sizable increase in power and torque for diesel customers. The max power is 305 hp, a 10% increase (277 hp in 22MY), and max torque 495 lb-ft, a 7.6% increase (460 lb-ft in MY22), thanks to several key component upgrades for optimum performance, including:
- New steel pistons with a revised combustion bowl
- Retuned turbo compressor
- New fuel injectors
- Improved temperature control features
“These improvements to the popular 3.0L Diesel Duramax build on the already advanced design of the first-generation engine,” said John Barta, assistant chief engineer of diesels engines. “We often hear customers express their satisfaction with the outstanding fuel economy and smooth quiet power of the current diesel engine, so we can’t wait for them to experience this advanced engine made possible by the continued design evolution and advances in engine technologies.”
This refined diesel engine will be available on Custom Trail Boss, LT, RST, LT Trail Boss, LTZ and High Country, and will continue to be exclusively paired with a 10-speed automatic transmission for retail customers.
The Duramax engine will continue to be assembled at GM’s Flint Engine Operations in Michigan3. and will be available on select trims of the 2023 Silverado 1500 by the end of this year.
Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, available in nearly 80 countries with nearly 2.7 million cars and trucks sold in 2021. Chevrolet models include electric and fuel-efficient vehicles that feature engaging performance, design that makes the heart beat, passive and active safety features and easy-to-use technology, all at a value. More information on Chevrolet models can be found at www.chevrolet.com.
American Expedition Vehicles (AEV) has now been on the cutting edge of the 4WD industry for over 25 years, continuously pushing the boundaries of design and innovation. The goal has always been simple: provide the highest quality off-road parts and accessories available anywhere in the world, period
Saturday, October 29, 2022
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