TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

GM killing the Volt, shuttering 3 factories

Discussion in 'TSLA Investor Discussions' started by neroden, Nov 26, 2018.

  1. neroden

    neroden Model S Owner and Frustrated Tesla Fan

    Joined:
    Apr 25, 2011
    Messages:
    11,047
    Location:
    Ithaca, NY, USA
    I figured this needed to come out of market action.

    GM killing the Volt:

    Bloomberg - Are you a robot?

    Factories in Lordstown OH, Hamtramck/Detroit, MI, and Oshawa, ON to be close:

    General Motors to close Detroit, Ohio, Canada plants

    Three major implications:
    1 -- plugin hybrids are dead
    2 -- Tesla may have a chance to buy some cheap factories (I strongly recommend Oshawa, it's a great location)
    3 -- GM is walking off a cliff
     
    • Informative x 4
    • Helpful x 1
    • Like x 1
    • Disagree x 1
  2. zanary

    zanary Member

    Joined:
    Jan 25, 2017
    Messages:
    320
    Location:
    San Francisco, CA
    The company confirmed that they will be laying off almost 15,000 employees and closing down 5 factories (3 assembly plants and 2 powertrain plants):

    Oshawa Assembly in Oshawa, Ontario, Canada.
    Detroit-Hamtramck Assembly in Detroit.
    Lordstown Assembly in Warren, Ohio.
    Baltimore Operations in White Marsh, Maryland.
    Warren Transmission Operations in Warren, Michigan.
     
    • Informative x 1
  3. neroden

    neroden Model S Owner and Frustrated Tesla Fan

    Joined:
    Apr 25, 2011
    Messages:
    11,047
    Location:
    Ithaca, NY, USA
    They also said they're shutting down two foreign plants though they didn't say which ones.

    I'll repeat what I said in Market Action:
    The Oshawa location is a square mile, with room to expand to the west. It has direct access to two freight railroads (so you can make them compete on price), and an expressway, and a PORT (you can load directly to ships with a little improvement). It also is within walking distance (if a pedestrian bridge is built) of a commuter rail station connecting to Toronto. It's an astoundingly good location, and if Tesla could buy it up cheap, it would be a coup.
     
    • Like x 5
    • Informative x 1
  4. Ludalicious

    Ludalicious Member

    Joined:
    Feb 22, 2018
    Messages:
    375
    Location:
    Vancouver
    The only issue I have with the Hybrids. After you run out of juice you now have to haul around a 300lb battery. Makes absolutely no sense. Car companies last ditch chance to pretend that they are green. Can't stand seeing these vehicles in the car pool lanes with their ECO stickers. Grinds my gears
     
    • Like x 3
  5. Big Earl

    Big Earl Supporting Member

    Joined:
    Jul 12, 2017
    Messages:
    1,458
    Location:
    Springfield, VA
    $GMQ
     
    • Funny x 9
    • Informative x 1
    • Like x 1
  6. Unpilot

    Unpilot Active Member

    Joined:
    Dec 2, 2017
    Messages:
    1,651
    Location:
    Illinois
    The vast majority of the time the volt is running off the battery. The fact is the three years it was my daily driver the engine only ran due to maintenance.

    The GF drives it now and almost never uses the gas motor.

    So in my experience we are lugging around a gas engine we rarely use.
     
    • Like x 9
    • Informative x 1
  7. Vitold

    Vitold Active Member

    Joined:
    Aug 10, 2015
    Messages:
    1,460
    Location:
    NM
    If Tesla produced semi and pickup in Canada - would there be tariff importing them to US?

    Also I wonder If Tesla produced Model x and s in Canada - would Tesla qualify lower, non US, tarrif in China?
     
    • Like x 5
  8. mspohr

    mspohr Active Member

    Joined:
    Jul 27, 2014
    Messages:
    4,303
    Location:
    California
    • Like x 1
  9. Ludalicious

    Ludalicious Member

    Joined:
    Feb 22, 2018
    Messages:
    375
    Location:
    Vancouver
    Would eliminate Tariffs on vehicles sold in Canada if they are made here. I highly doubt any vehicles will be shipped to china due to the factory being built over there. I wouldn't be surprised if China starts shipping Tesla's to Canada. IMO I could care less if my car is built in China or the USA. If I save 20% instead of it being built in the USA, I am buying China made
     
  10. Randy Spencer

    Randy Spencer Active Member

    Joined:
    Mar 31, 2016
    Messages:
    1,106
    Location:
    Alameda, CA
    It was a good design. Especially the prototype aesthetics. The gearing the engine into the transmission in a serial hybrid was clever, having a battery that was big enough to run on every day, and the smarts to run the tank dry even if you are not using it for a year so you don't have bad gas the day you need gas.

    Considering the time it was designed, it made more sense than a BEV that you can really only charge at home or a hotel. Still, glad I didn't buy it. My Honda Insight is still going strong and I think is still cheaper to drive than even my Tesla (unless you charge at the grocery store free charger... I do)

    -Randy
     
    • Informative x 1
    • Like x 1
  11. TheTalkingMule

    TheTalkingMule Distributed Energy Enthusiast

    Joined:
    Oct 20, 2012
    Messages:
    2,259
    Location:
    Philadelphia, PA
    Time to short GM after +5% today. Donald sure as hell will act like he can stop these closures tomorrow.
     
    • Like x 1
  12. suwaneedad

    suwaneedad Member

    Joined:
    Dec 11, 2016
    Messages:
    736
    Location:
    Atlanta
    What is the union labor situation in the Oshawa area? I suspect Tesla's incremental North American production capacity (once Fremont has been squeezed further) will come in Reno, due to cheap land and labor, and proximity to the production of the batteries and motors. I suspect any other location has to compete favorably against Reno in order to change that path. That said, it would not surprise me at all if Tesla purchases equipment from these shuttered GM factories, if GM will sell it other than by order of a bankruptcy court.
     
  13. EVNow

    EVNow Active Member

    Joined:
    Sep 5, 2009
    Messages:
    2,800
    Location:
    Seattle, WA
    Depends … what are they saying on Fox News ?
     
  14. EVNow

    EVNow Active Member

    Joined:
    Sep 5, 2009
    Messages:
    2,800
    Location:
    Seattle, WA
    I thought there were issues with labor - housing & water - near NV GF1.

    I think expanding to Canada makes some sense, to get experienced labor - but with some logistical issues. But the logistical issues Tesla will have to anyway deal with - they are going to have factories in multiple continents.
     
    • Like x 2
  15. neroden

    neroden Model S Owner and Frustrated Tesla Fan

    Joined:
    Apr 25, 2011
    Messages:
    11,047
    Location:
    Ithaca, NY, USA
    Labor ain't cheap in Reno. You have to pay people to move there and there's a housing shortage.

    Not so much if you put a factory in a location where employees can live *anywhere in the Greater Toronto Area*.

    Don't know about the "union situation" in Toronto, but it's definitely not like Detroit. Lots of non-union businesses in the GTA, and I'm sure if the plant is closed, people will jump at the chance to have it reopened regardless of who reopens it. Feels like Fremont to me.
     
    • Like x 3
  16. Jeff N

    Jeff N Active Member

    Joined:
    Oct 31, 2011
    Messages:
    2,074
    • Like x 1
  17. BerTX

    BerTX Supporting Member

    Joined:
    May 2, 2014
    Messages:
    3,013
    Location:
    Texas/Washington
    My guess is that Tesla will not invest in a location where the union situation is untenable. That leaves out all of the ex-GM locations listed except Canada, which I don't know about.
     
    • Like x 2
  18. brkaus

    brkaus Active Member

    Joined:
    Jul 8, 2014
    Messages:
    4,573
    Location:
    Austin, TX
    I read Canada and Korea.

    Mexico plants will stay open to continue to produce the trucks that will no longer be produced in the US plants.
     
    • Like x 1
  19. Jeff N

    Jeff N Active Member

    Joined:
    Oct 31, 2011
    Messages:
    2,074
    Interesting speculation about the effect of CAFE regulations here:

     
    • Like x 1
  20. Vitold

    Vitold Active Member

    Joined:
    Aug 10, 2015
    Messages:
    1,460
    Location:
    NM
    #20 Vitold, Nov 26, 2018
    Last edited: Nov 26, 2018

    I read that union in Canada orchestrated a walkout as soon as they heard the news. They do not seem much different than UAW.
     
    • Informative x 2

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC