logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
RELATED NEWS
Trade GM now with 
Follow RTT