Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  General Motors Corporation    GM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

General Motors Company : GMC and Chevrolet Bi-Fuel Pickup Production Begins

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2012 | 04:09pm CEST
GMC and Chevrolet Bi-Fuel Pickup Production Begins

2012-11-08

DETROIT - Production of the 2013 Chevrolet Silverado HD and GMC Sierra 2500 HD bi-fuel pickup trucks is underway in Fort Wayne, Ind., and the pickups are available for order by fleet and retail customers through Chevrolet and GMC dealers.

The Silverado HD and Sierra 2500 HD Vortec 6.0L V8 engine runs on gasoline or compressed natural gas (CNG) and seamlessly switches between the two fuels without affecting performance. The CNG and gasoline tanks have a combined range of 650 miles, the longest standard bi-fuel range of any original equipment automaker.

"Customers are choosing our bi-fuel trucks because they provide the same high level of GM truck performance and versatility but can also help businesses control their fuel costs and reduce their carbon footprint," said Ed Peper, General Motors U.S. vice president of Fleet and Commercial Sales.

The Type-3 single-tank CNG system in the Silverado HD and Sierra 2500 HD is designed to retain more bed space than any competing bi-fuel truck from an Original Equipment Manufacturer. The pickups are available in standard and long-box and two-or-four wheel drive in the extended cab models.  

"At Chesapeake, we are converting our fleet of more than 5,000 vehicles to run on natural gas, and having options from GMC and Chevy is critical to help us reach our conversion goal," said Nate Pumphrey, Chesapeake Energy Corp. director of Fleet Operations. "Following our full conversion, we will save $11 million to $12 million annually on fuel costs.

"As a fleet manager, the stable price of natural gas is another major benefit that helps me budget more accurately, and the fuel's reduced emissions align with Chesapeake's commitment to environmental excellence," he said.

The bi-fuel pickups are ordered from the factory, sent to the Tier One supplier IMPCO for installation of the CNG bi-fuel delivery and storage system and then delivered by GM transportation to the dealer or to an upfitter for customer-ordered modifications.

The bi-fuel option is priced at $11,000 above the suggested retail price of the base vehicle. The entire gaseous fuel system meets GM's strict quality, durability and safety testing. The trucks will be covered by GM's three-year, 36,000-mile new vehicle limited warranty and five-year, 100,000-mile limited powertrain warranty and vehicle emissions warranty.  The vehicle meets all Environmental Protection Agency (EPA) and California Air Resources Board (CARB) emission certification requirements.

To find more information about advanced propulsion vehicles available, visit gmfleet.com, or for timely responses to fleet-related questions, join the GM Fleet and Commercial Customer Service LinkedIn group.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets.  GM's brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

###

Emily Moran
Mullen
517-483-3800
[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GENERAL MOTORS CORPORATION
08:44a Australian car manufacturing ends as GM Holden closes plant
06:49a GENERAL MOTORS : Australia stops producing cars after Holden closes
04:07a GENERAL MOTORS : Holden honours its manufacturing legacy; completes transformati..
03:33a THE LATEST : Last car built in Australia rolls off GM line
03:08a GENERAL MOTORS : to pay $120M in faulty ignition switch case
12:55a GENERAL MOTORS : GM to settle state ignition claims for $120 million
10/19 U.S. auto reliability dented by new technology; electric cars fare better
10/19 GENERAL MOTORS : GM reaches $120m settlement with states over switches
10/19DJGENERAL MOTORS : GM Reaches $120 Million Ignition-Switch Settlement With State A..
10/19 GENERAL MOTORS : GM settles suit over faulty ignition switches
More news
News from SeekingAlpha
10/19 GM settles with 49 states on ignition switch claims
10/19 Consumer Reports talks auto reliability
10/19 SHALE AND MOLTEN SALT : Energy Space Gets Wider, More Nuanced
10/18 Effective Capital Allocation Is Driving GM's Electrification Surge
10/18 What To Do About Albemarle Corp.
Financials ($)
Sales 2017 146 B
EBIT 2017 11 425 M
Net income 2017 8 654 M
Finance 2017 8 137 M
Yield 2017 3,37%
P/E ratio 2017 7,70
P/E ratio 2018 7,82
EV / Sales 2017 0,40x
EV / Sales 2018 0,42x
Capitalization 66 084 M
Chart GENERAL MOTORS CORPORATION
Duration : Period :
General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 42,4 $
Spread / Average Target -6,6%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
Carol M. Stephenson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MOTORS CORPORATION30.17%65 749
TOYOTA MOTOR CORP1.50%201 624
DAIMLER-1.98%87 485
VOLKSWAGEN8.47%87 385
BAYERISCHE MOTOREN WERKE-0.62%67 586
HONDA MOTOR CO LTD1.32%54 988