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Corvette Today Podcast With Morgan Crosbie: A Canadian Perspective

Corvettes are sold all around the world.  But on this episode of CORVETTE TODAY, you'll get a Corvette perspective based upon "The Great White North.” https://podcasts.adorilabs.com/corve...oLQtcLJbiFfbrq
Morgan Crosbie is a Corvette Specialist at Finch Chevrolet in London, Ontario, Canada.  Morgan talks with your CORVETTE TODAY host, Steve Garrett, and tells you what it's like to buy and sell Corvettes in Canada.
You'll also learn about Morgan's hugely successful YouTube channel, Cars and Crosbie along with all his other social media where he posts Corvette content. Get the Canadian view of Corvette on this episode of CORVETTE TODAY!

Listen Here: https://adori.page.link/corvette-today
Website & Merchandise: www.CorvetteTodayPodcast.com
Get CORVETTE TODAY emails: https://CorvetteToday.ck.page
Watch CORVETTE TODAY on YouTube: https://www.youtube.com/channel/UCXC...SjjEXUt_UlOPPQ
Join the CORVETTE TODAY Facebook Group: https://www.facebook.com/groups/2718423201763136
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GM Will Boost EV and AV Investments to $35 Billion Through 2025

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  • GM Will Boost EV and AV Investments to $35 Billion Through 2025

    To all of those dreading the future of Corvettes with no ICE, here is some more bad news.


    CORPORATE NEWSROOM
    • GM Will Boost EV and AV Investments to $35 Billion Through 2025


    2021-06-16
    • GM will pull ahead construction of two new Ultium battery cell plants in the U.S., in addition to plants in Ohio and Tennessee now being built
    • Growth investments enabled by GM’s strong underlying business, including record EBIT-adjusted in the last three quarters; GM increases first-half 2021 guidance

    DETROIT – General Motors Co. (NYSE: GM) announced today it will increase its EV and AV investments from 2020 through 2025 to $35 billion, representing a 75 percent increase from its initial commitment announced prior to the pandemic.

    The company’s enhanced commitment will accelerate its transformative strategy to become the market leader in EVs in North America; the global leader in battery and fuel cell technology through its Ultium battery platform and HYDROTEC fuel cells; and through Cruise, be the first to safely commercialize self-driving technology at scale.

    “We are investing aggressively in a comprehensive and highly-integrated plan to make sure that GM leads in all aspects of the transformation to a more sustainable future,” said GM Chair and CEO Mary Barra. “GM is targeting annual global EV sales of more than 1 million by 2025, and we are increasing our investment to scale faster because we see momentum building in the United States for electrification, along with customer demand for our product portfolio.”

    GM first shared its vision of a world with zero crashes, zero emissions and zero congestion nearly four years ago. Key factors changing the landscape include strong public reaction to the GMC HUMMER EV and HUMMER EV SUV, the Cadillac LYRIQ and the Chevrolet Silverado electric pickup; GM and dealer investments in the EV customer experience; public and private investment in EV charging infrastructure; and the global policy environment.

    “There is a strong and growing conviction among our employees, customers, dealers, suppliers, unions and investors, as well as policymakers, that electric vehicles and self-driving technology are the keys to a cleaner, safer world for all,” Barra said.

    Today’s announcement builds on GM’s initial commitment announced in March 2020 to invest $20 billion from 2020 through 2025, including capital, engineering expenses and other development costs, to accelerate its transition to EVs and AVs. In November 2020, the company increased its planned investment over the same period to $27 billion.

    These investments are enabled by GM’s strong underlying business, including record EBIT-adjusted in the last three quarters. GM now expects to deliver better-than-expected results in the second quarter despite the industry-wide impact of the semiconductor shortage.

    The company now expects its first-half EBIT-adjusted will be between $8.5 and $9.5 billion due to continued strong demand, better-than-expected results at GM Financial, and improved near-term production from the pull forward of semiconductors from the third quarter. GM expects the second half of 2021 will continue to be complex and fluid. The company will provide additional updates on its year-to-date financial results and outlook for the second half of 2021 during its second-quarter earnings conference call on Aug. 4.

    GM Chief Financial Officer Paul Jacobson will also participate in the virtual Deutsche Bank investor conference today at 1:20 p.m. EDT. GM is also confirming that it will host an Investor Day in the Detroit area Oct. 6-7.

    GM’s additional investments and new collaborations are far-reaching and designed to create even greater competitive advantages for the company. They include:
    • Accelerating Ultium battery cell production in the United States: GM is accelerating plans to build two new battery cell manufacturing plants in the United States by mid-decade to complement the Ultium Cells LLC plants under construction in Tennessee and Ohio. Further details about these new U.S. plants, including the locations, will be announced at a later date.
    • Commercializing U.S.-made Ultium batteries and HYDROTEC fuel cells: In addition to collaborating with Honda to build two EVs using Ultium technology – one SUV for the Honda brand and one for the Acura brand – GM announced June 15 it has signed a memorandum of understanding to supply Ultium batteries and HYDROTEC fuel cells to Wabtec Corporation, which is developing the world’s first 100 percent battery-powered locomotive.

    Separately, GM will supply HYDROTEC to Navistar, Inc., which is developing hydrogen-powered heavy trucks to launch in 2024, and Liebherr-Aerospace, which is developing hydrogen-powered auxiliary power units for aircraft. Lockheed Martin and GM also are teaming up to develop the next generation of lunar vehicles to transport astronauts on the surface of the Moon, leveraging GM’s expertise in electric propulsion and autonomous technology.

    Today, GM is confirming plans to launch its third-generation HYDROTEC fuel cells with even greater power density and lower costs by mid-decade. GM manufactures its fuel cells in Brownstown Charter Township, Michigan, in a joint venture with Honda.
    • Expanding and accelerating the rollout of EVs for retail and fleet customers: In November 2020, GM announced it would deliver 30 new EVs by 2025 globally, with two-thirds available in North America. Through the additional investments announced today, GM will add to its North America plan new electric commercial trucks and other products that will take advantage of the creative design opportunities and flexibility enabled by the Ultium Platform. In addition, GM will add additional U.S. assembly capacity for EV SUVs. Details will be announced at a later date.
    • Safely deploying self-driving technology at scale: Cruise, GM’s majority-owned subsidiary, recently became the first company to receive permission from regulators in California to provide a driverless AV passenger service to the public. Cruise also was recently selected as the exclusive provider of AV rideshare services to the city of Dubai and is working with Honda to begin development of an AV testing program in Japan. In addition, GM Financial will provide a multi-year, $5 billion credit facility for Cruise to scale its Cruise Origin fleet. Developed through a partnership between GM, Honda and Cruise, the Cruise Origin will be built at GM’s Factory ZERO Detroit-Hamtramck Assembly Center starting in early 2023.
    https://plants.gm.com/media/us/en/gm...n/0616-gm.html
    Bob Sliwa
    "I was cruising in my Stingray, late one night, when a Tesla Model S, pulled up on the right......."
    Currently Building an All-Electric,1963 Split-Window Coupe Ludicrous Speed Restomod.
    Ludicrous Speed - https://youtu.be/ygE01sOhzz0

    2020 C8 ELB - Event Status 666 - Completely destroyed at the race track due to year 2020! Insured!!!
    2022-2023? E-Ray - Number 4 on the List at MacMulkin!

  • #2
    It's the difference between Dinosaurs and Alligators

    ... there's no stopping Change or Evolution ... both will happen with or without your approval
    [SOLD 7/31/21 - Corvette 1999 C5 Z51 Magnetic Red Coupe]
    Depost 6/17/20, Allocation 4/20/21 RedMist 2LT HTC Z51 - TPW-8/2

    Comment


    • #3
      C9 will probably be EV. I would buy that too
      Coupe, 1LT, Rapid Blue, orange seat belts and black interior. ETA Late 2021.

      First mods: tinted windows, orange DIY stitching, orange 12 o clock stripe on steering wheel, orange EL-wire in the cabin, orange engine cover, orange painted grille protectors and orange led light in engine bay✌️😎

      Comment


      • #4
        Hear no, see no, speak no climate change. ICE forever. Lake Mead rise.

        Comment


        • #5
          WOW! That's a massive investment, more than I believe we've seen from any other automaker but I'm not sure on that. If nothing else it's good to know GM is planning on still being the best carmaker in the world regardless of what else the future holds.
          On Order: 2LT Coupe, Z51, Elkhart Lake Blue, GT2 seats, Edge Red Calipers, Mag Ride, Front Lift, High Wing spoiler, R8C museum delivery.

          2000 status 5/1, 3000 on 5/4

          Comment


          • #6
            They better slow down on their push. Most Fleet and Retail businesses will not enjoy the down time their drivers will encounter with having to charge vehicles for hours.
            And personally I Never wish to own one. They are shooting in the dark and hoping they hit their target.
            Rocket City Florida- 2001 ZO6 - 2013 427 Vert - 2020 Stingray

            Comment


            • #7
              Let us not take this into the political realm please. Thank you. Mary Barra is exceptionally bright, has steered GM far, far better than all her predecessors. She had the courage to eliminate two massively-negative, annual cost center losers (both losing GM over $750,000,000/year on a repeated basis) when all those before her kept the stupid, seemingly at times only mantra of “market share” as their primary determinant.

              In the interim, we thank you for leaving politics out of MECF.
              GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

              Comment


              • #8
                Originally posted by Frenzy36 View Post
                They better slow down on their push. Most Fleet and Retail businesses will not enjoy the down time their drivers will encounter with having to charge vehicles for hours.
                And personally I Never wish to own one. They are shooting in the dark and hoping they hit their target.
                Most fleets and retail businesses will charge their vehicles ONLY at night, while their drivers are sleeping. The drivers will travel throughout their entire route the next day without charging. Rinse & Repeat.
                Bob Sliwa
                "I was cruising in my Stingray, late one night, when a Tesla Model S, pulled up on the right......."
                Currently Building an All-Electric,1963 Split-Window Coupe Ludicrous Speed Restomod.
                Ludicrous Speed - https://youtu.be/ygE01sOhzz0

                2020 C8 ELB - Event Status 666 - Completely destroyed at the race track due to year 2020! Insured!!!
                2022-2023? E-Ray - Number 4 on the List at MacMulkin!

                Comment


                • #9
                  For those of us who LOVE ICE’s, not to worry for there will be a Z06. It is not being shelved.
                  GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

                  Comment


                  • #10
                    Originally posted by Frenzy36 View Post
                    They better slow down on their push. Most Fleet and Retail businesses will not enjoy the down time their drivers will encounter with having to charge vehicles for hours.
                    And personally I Never wish to own one. They are shooting in the dark and hoping they hit their target.
                    I too prefer my performance vehical to belch carbon monoxide, burn rubber and wake up the neighbors at 2:00am ...

                    But for a daily driver I don't go far enough to care much about a charge.
                    [SOLD 7/31/21 - Corvette 1999 C5 Z51 Magnetic Red Coupe]
                    Depost 6/17/20, Allocation 4/20/21 RedMist 2LT HTC Z51 - TPW-8/2

                    Comment


                    • #11
                      Originally posted by John View Post
                      For those of us who LOVE ICE’s, not to worry for there will be a Z06. It is not being shelved.
                      I agree. I love both ICE and EV, BTW. Especially in areas whwre power outages happen, having both will enable you to have two options to go for a drive. Short term you might not have power. When power comes back you might have some days without gas! I want both😎
                      Last edited by Top Off Action; 06-16-2021, 11:49 AM.
                      Coupe, 1LT, Rapid Blue, orange seat belts and black interior. ETA Late 2021.

                      First mods: tinted windows, orange DIY stitching, orange 12 o clock stripe on steering wheel, orange EL-wire in the cabin, orange engine cover, orange painted grille protectors and orange led light in engine bay✌️😎

                      Comment


                      • #12
                        Originally posted by Top Off Action View Post

                        I agree. I love both ICE and EV, BTW. Especially in areas whwre power outages happen, having both will enable you to have two options to go for a drive. Short term you might not have power. When power comes back you might have some days without gas! I want both😎
                        Exactly what the wife and I have discussed. Our daily driver is fine as an EV, we will have an ICE vehicle as well if we need to do a hurricane evacuation, go for a long road trip, etc. For our around town daily there is no need for an ICE vehicle for us. We will probably jump into a Cadillac Lyriq in the next few years and have the C8 as our second car.

                        The F-150 ability to power your house is pretty intriguing as well, if they were to add that to most EVs through the charger and a transfer switch I'd be tickled to have a second option to keep the lights on when a storm knocks power out.
                        On Order: 2LT Coupe, Z51, Elkhart Lake Blue, GT2 seats, Edge Red Calipers, Mag Ride, Front Lift, High Wing spoiler, R8C museum delivery.

                        2000 status 5/1, 3000 on 5/4

                        Comment


                        • #13
                          Originally posted by Davii1775 View Post

                          Exactly what the wife and I have discussed. Our daily driver is fine as an EV, we will have an ICE vehicle as well if we need to do a hurricane evacuation, go for a long road trip, etc. For our around town daily there is no need for an ICE vehicle for us. We will probably jump into a Cadillac Lyriq in the next few years and have the C8 as our second car.

                          The F-150 ability to power your house is pretty intriguing as well, if they were to add that to most EVs through the charger and a transfer switch I'd be tickled to have a second option to keep the lights on when a storm knocks power out.
                          Great minds think alike. I have an EV pick-up on order too😉
                          Coupe, 1LT, Rapid Blue, orange seat belts and black interior. ETA Late 2021.

                          First mods: tinted windows, orange DIY stitching, orange 12 o clock stripe on steering wheel, orange EL-wire in the cabin, orange engine cover, orange painted grille protectors and orange led light in engine bay✌️😎

                          Comment


                          • #14
                            Originally posted by Top Off Action View Post

                            I agree. I love both ICE and EV, BTW. Especially in areas whwre power outages happen, having both will enable you to have two options to go for a drive. Short term you might not have power. When power comes back you might have some days without gas! I want both😎
                            👍 That's just common sence, the world we live in and reconizing reality.
                            [SOLD 7/31/21 - Corvette 1999 C5 Z51 Magnetic Red Coupe]
                            Depost 6/17/20, Allocation 4/20/21 RedMist 2LT HTC Z51 - TPW-8/2

                            Comment


                            • #15
                              Our combo of a current plug in hybrid RAV4 (with 555 mile gasoline available when we need (so far at just over 40 MPG), and our pure American-muscle V8 powered C8 is our smiling ticket for us at this time.
                              GBA Black; HTO Twilight/Tension interior; Z51 & Mag Ride; E60 lift; 5VM visible carbon fiber package; 5ZZ high wing; FA5 interior vis CF; ZZ3 engine appearance; 3LT; Q8T Spectra Gray Tridents; J6N Edge Red Calipers; SNG Edge Red Hashmarks; VQK Splash Guards; RCC Edge Red engine cover; VJR illuminated sill plates. Lifetime, annual contributors, and 23 year members of National Corvette Museum. Home is the beautiful Pacific Northwest.

                              Comment

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