Daily Debrief: GM goes lean and green
Daily Debrief: GM goes lean and green
3:50

Daily Debrief: GM goes lean and green

Tech Industry
^B00:00:01 [ Music ] >> I'm Kara Tsuboi, CNET News.com. Welcome to the Daily Debrief. My guest today is senior editor Wayne Cunningham for CNET's car channel. Thanks for joining us. And big news today out of GM, they announced that they're going to be closing four North American plants. Is that right? >> Yeah. Truck plants actually, which makes sense because they're seeing a decline in truck sales. >> And also, the price of gas and the price of crude oil and everything, >> Oh yeah. The price of gas is astronomical, and people just aren't buying the trucks like they used to. And that's what GM really made their profits on in the '90s. And they kind of should have seen this coming, potentially. But it is impressive that they were able to move this quickly. I mean it could be seen as late, but the trend numbers have just changed in the last six months of people buying more cars than trucks. >> So what is GM's plan? I mean they're gonna close down these truck plants, and there's also talk about bringing up the Chevy Volt. Is that right? >> Well, I mean their plan is really reactive at this point. They're just mainly reacting to the consumer trends, and that's what they've kind of done all along, when they were building the big SUVs in the '90s. They had kind of gotten behind on the whole hybrid thing. I mean Toyota overtook them on that. >> Mm-hmm. >> You know, took a risk launching the Prius, and obviously did great with that. And now GM is starting to get into the hybrid business and lot of other things. And the Volt you mentioned is interesting, too. That's gonna be an all-electric car -- well, they call it a series hybrid, actually. It'll be an electric car that has a -- what they call a range extender. It's either a fuel cell or a gas engine or something that recharges the batteries as you go. >> Okay. How many miles per gallon are we looking at? >> Well, it's hard to say equivalence right now. >> Okay. >> And it's really hard to say anything right now because it doesn't exist. >> But I was reading somewhere that they're hoping to get these Volts on the showroom floors, what, by the end of 2010, a year and a half from now? >> Yeah. They really have put an aggressive and optimistic schedule on production for this car. >> Mm-hmm. >> And probably has to do -- when they showed the car off as a concept a couple years ago in Detroit, it just got amazing press reception. It got amazingly good public receptions. And so they really just fast tracked this car. But when they showed it off then as a concept, they pointed out that these batteries for it aren't really ready yet. The battery and technology hasn't been invented yet. And the companies that they're working with to develop this battery technology are -- you know, they're working really fast on trying to get this stuff working, but it's pretty questionable whether it's really there or not yet. Or whether it will be really ready by 2010. >> Yeah. That does seem like a really soon, soon deadline. >> Yeah. >> Fast approaching. >> Well, to invent new technology, yeah. >> Yeah. Absolutely. Now, another interesting part of today's news is that CEO Rick Wagoner announced that they may be doing something with the Hummer brand, possibly selling that off. >> Yeah, well, Hummer obviously has a reputation for being big and bulky and not caring about, you know, gas prices. >> Right. >> Or anything like that. But if they're seeing sales decline -- declining sales in that as well, it just becomes a dinosaur, and something they probably want to unload. Ford recently, I mean, unloaded a couple of the brands -- not so much to do with gas prices, just to do with sort of economic interests. And GM is probably looking at the same thing, but maybe they can find, you know, somebody to pay a premium price for hummer. Sell that brand off and, you know, refill their coffers. >> One thing that, you know, GM spokespeople said, and definitely industry say, is that this trend to smaller cars, though, is not going to go away. This is likely here to stay.. So, at that point, the Hummer's looking more and more like a dinosaur. >> Oh, absolutely. And the smaller cars, too, they have worldwide appeal. And that's what a lot of the car companies are looking at, is can we have a car that we can build here and build around the world and sell around the world. >> Right. Because catering to the American market's probably not gonna get you anywhere fast. >> Oh yeah. I mean with the growing markets in China and India. I mean everybody wants to be in those markets. So they want to build product that will sell in those markets. >> Interesting. Well, thank you, Wayne. We look forward to future reviews of the Chevy Volt, if and when we ever see it on the market. >> Hope so. >> Thanks so much. I'm Kara Tsuboi, CNET News.com. And this has been the Daily Debrief. We'll see you next time. ^M00:03:44 [ Music ]

Up Next

Apple's Mysterious New Music App
230201-yt-apple-new-music-app-v05

Up Next

Apple's Mysterious New Music App

Boston Dynamics' Stretch Robot Is DHL's Newest Helper
dhl-image-without-bug

Boston Dynamics' Stretch Robot Is DHL's Newest Helper

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?
homepod-review-00-04-41-23-still113

Apple HomePod 2 Gives Great Sound, but Is It Too Expensive?

How Apple Gets Us to Care About VR
cnetstillvr

How Apple Gets Us to Care About VR

DOJ Stops Hive Ransomware Network
hive-cms-image

DOJ Stops Hive Ransomware Network

New Apple HomePod and MacBooks: What We Did (and Didn't) Get
homepodblue

New Apple HomePod and MacBooks: What We Did (and Didn't) Get

Why Streaming Is Getting More Expensive
streaming-services-seq-00-09-03-22-still001

Why Streaming Is Getting More Expensive

NASA, Boeing Reveal a New, More Sustainable Jet
nasa-image

NASA, Boeing Reveal a New, More Sustainable Jet

Corvette E-Ray Hybrid Revealed
chevy-corvette-image

Corvette E-Ray Hybrid Revealed

Tech Shows

The Apple Core
apple-core-w

The Apple Core

Alphabet City
alphabet-city-w

Alphabet City

CNET Top 5
cnet-top-5-w

CNET Top 5

The Daily Charge
dc-site-1color-logo.png

The Daily Charge

What the Future
what-the-future-w

What the Future

Tech Today
tech-today-w

Tech Today

Latest News All latest news

One Day With Samsung's New Galaxy S23 Ultra
24-hours-with-the-s23-ultra-3

One Day With Samsung's New Galaxy S23 Ultra

'Prehistoric Planet': The Visual Effects Behind the Apple TV Plus Show
prehistoricplanet

'Prehistoric Planet': The Visual Effects Behind the Apple TV Plus Show

Apple's Mysterious New Music App
230201-yt-apple-new-music-app-v05

Apple's Mysterious New Music App

Boston Dynamics' Stretch Robot Is DHL's Newest Helper
dhl-image-without-bug

Boston Dynamics' Stretch Robot Is DHL's Newest Helper

Samsung Galaxy S23 Ultra, S22 Ultra, iPhone 14 Pro Max: How Do They Compare?
yt-samsung-s22-s23-iphone14-pro-max

Samsung Galaxy S23 Ultra, S22 Ultra, iPhone 14 Pro Max: How Do They Compare?

Samsung Galaxy S23 Event: Everything Revealed
1203860653352361-tosb2t0zztw5ftnk6qic-height640.png

Samsung Galaxy S23 Event: Everything Revealed

Most Popular All most popular

Easy Ways to Lower Your Utility Bills and Save Money
yt-reduce-your-utility-bills-v3

Easy Ways to Lower Your Utility Bills and Save Money

How See-Through Solar Panels Could Bring Renewable Energy to Your Windows
trans-solar-panels-seq-00-06-11-19-still001

How See-Through Solar Panels Could Bring Renewable Energy to Your Windows

How to Delete or Disable Your Instagram Account
phoneonorange

How to Delete or Disable Your Instagram Account

We Tried These 48-Megapixel AR Glasses From DigiLens With Our Voice
digilens-7-005-mov-17-50-56-10-still002

We Tried These 48-Megapixel AR Glasses From DigiLens With Our Voice

Moto Edge 2022: First Look at Motorola's $498 Phone
motoedge-fl-00-02-03-08-still003

Moto Edge 2022: First Look at Motorola's $498 Phone

GoPro Hero 11 Black Hands-on: Super-sized Sensor for All Your Socials
gopro1

GoPro Hero 11 Black Hands-on: Super-sized Sensor for All Your Socials

Latest Products All latest products

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades
cnets23

Samsung's Galaxy S23 Lineup Is Here With Big Camera Upgrades

Testing Apple's New M2 MacBook Pro and Mac Mini
macbook-pro-and-mac-mini

Testing Apple's New M2 MacBook Pro and Mac Mini

Hands On: Google Android Auto in Volvo's New EX90
google-booth-seq-00-08-05-25-still002

Hands On: Google Android Auto in Volvo's New EX90

Hands On: Acer's 3D Stereoscopic Screen
c0270-mp4-02-36-54-21-still001

Hands On: Acer's 3D Stereoscopic Screen

'Hey Disney' Comes to Amazon Echo Devices
ces-disneyalexa-00-01-11-14-still001

'Hey Disney' Comes to Amazon Echo Devices

Hearing Dolby Atmos in a Car Blew Me Away
ces-dolby-00-00-55-13-still001

Hearing Dolby Atmos in a Car Blew Me Away

Latest How To All how to videos

Connect a Meta Quest 2 VR Headset to a PC
pc-vr-5

Connect a Meta Quest 2 VR Headset to a PC

Cast Your Meta Quest Headset to a TV, Phone or Browser
cast-2

Cast Your Meta Quest Headset to a TV, Phone or Browser

MacOS Ventura Continuity Camera Turns Your iPhone Into a Webcam
1203246975312353-pnmdl8bwygpxcjffhlcf-height640.png

MacOS Ventura Continuity Camera Turns Your iPhone Into a Webcam

How to Clean Your Keyboard's Sticky Keys
3keyboards

How to Clean Your Keyboard's Sticky Keys

How to Play Games from PlayStation Plus on PC
psstill

How to Play Games from PlayStation Plus on PC

How to Delete or Disable Your Instagram Account
phoneonorange

How to Delete or Disable Your Instagram Account