Breaking News
FONT-SIZE Plus   Neg
Share SHARE

WSJ: GM Secures Aluminum For Pickup Truck Launch By 2018

RELATED NEWS
Trade GM now with 

General Motors Co. (GM: Quote) is gearing up to launch a largely aluminum-bodied pickup truck by late 2018, and recently locked-in supply contracts with Alcoa Inc. (AA) and Novelis Inc., the Wall Street Journal reported, quoting people familiar with the matter.

The company is facing the heat of federal fuel efficiency standards. Last month, Ford Motor Corp. (F) launched its 2015 F-150, which has a body made almost entirely of aluminum.

GM is looking to use more advanced welding techniques to produce a lighter, stronger and easier to assemble truck than Ford, the report added.

The firm has a patented process that uses multi-ringed electrodes and eliminates lots of rivets from its assembly. It has already been used in the production of the hood of the Cadillac CTS-V, the lift gate of hybrid versions of Chevrolet Tahoe and GMC Yukon and in the 2014 Chevrolet Corvette Stingray.

GM had considered in 2008 to use a largely aluminum design for its Silverado and Sierra pickups. However, the idea was abandoned over cost concerns amid the industry downturn.

GM closed up 1 percent on Tuesday at $36.31.

Click here to receive FREE breaking news email alerts for General Motors Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Economic confidence in the eurozone picked up in October from a 10-month low, with broad based improvement across sectors, the results of a survey by the European Commission showed Thursday. The economic confidence index rose unexpectedly to 100.7 in October from 99.9 in the prior month. The score was expected to fall to 99.7. Visa Inc., the world's largest payment card processor, said Wednesday that its fourth quarter profit fell 10% from last year, hurt mainly by a hefty litigation provision even as revenue increased 9%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Stocks saw considerable volatility following the Federal Reserve's monetary policy meeting on Wednesday but maintained a negative bias before closing modestly lower. The losses on the day partly offset the rally seen in the previous session.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.