logo
Plus   Neg
Share
Email

WSJ: GM Secures Aluminum For Pickup Truck Launch By 2018

General Motors Co. (GM) 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Every month new phones flood the market, so your head may be spinning when trying to decide which one to buy. Let's take a look at the best smartphone available right now. 1. Samsung Galaxy S9/S9 Plus: Samsung' recently launched flagship device the Galaxy S9 and S9 Plus is the best android smartphone... General Electric Co (GE) reported first-quarter consolidated adjusted EPS of $0.16 compared to $0.14, prior year. Adjusted EPS rose 14% with strong performance in Aviation, Healthcare, Renewables, Transportation, & Corporate partly offset by lower Power, Oil & Gas, & GE Capital earnings. First-quarter... Each year, more than eight million children die from preventable diseases in countries with the worst health care systems . Kofi Annan, former head of the UN, said that, "Almost all these deaths will happen in developing countries. A large number of them could be prevented." You do not want to find...
Follow RTT