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<blockquote data-quote="Weather Man" data-source="post: 16602583" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3679015-general-motors-gm-hummer-ev-suv-tops-110000" target="_blank">General Motors' Hummer EV SUV tops $110,000</a></p><ul> <li data-xf-list-type="ul">General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) unveiled an all-electric Hummer SUV topping $110,000 when it goes on sale in 2023, <a href="https://www.cnbc.com/2021/04/03/gm-unveils-electric-hummer-suv-topping-110000-.html" target="_blank"><em>reports CNBC</em></a>.</li> <li data-xf-list-type="ul">The vehicle will be the <a href="https://seekingalpha.com/news/3624033-hummer-ev-sport-utility-truck-starts-112595" target="_blank">stablemate to an upcoming Hummer pickup</a> that’s scheduled to go on sale this fall.</li> <li data-xf-list-type="ul"><strong>Features</strong>: The 2024 Hummer EV SUV features the same eye-popping torque of up to 11,500 foot-pounds as the pickup, however it is estimated to have 50 miles less range, 170 less horsepower and be half a second slower pickup due to a smaller battery size.</li> <li data-xf-list-type="ul">The SUV’s range is estimated to be between 250 and more than 300 miles with zero to 60 mph in 3.5 seconds and up to 830 horsepower.</li> <li data-xf-list-type="ul"><strong>Pricing</strong>: Full pricing will range from about $80,000 for a base model to $110,595 for a special “Edition 1” launch model with an available “extreme off-road package.”</li> <li data-xf-list-type="ul">Initial availability of the Hummer EV pickup in the fall will start at $112,595 for an “Edition 1,” which has sold out. A $99,995 version will be available a year later, followed by $89,995 and $79,995 models in the springs of 2023 and 2024, respectively.</li> <li data-xf-list-type="ul"><strong>Manufacturing</strong>: The Hummer and SUV will be produced at an assembly plant in Detroit. They are the first Hummers since GM discontinued gas-guzzling versions of the vehicles in 2010.</li> <li data-xf-list-type="ul">Production of highest priced model is expected to begin in early 2023 followed by less expensive versions into spring 2024.</li> <li data-xf-list-type="ul">The SUV, like the pickup, is available with GM’s Super Cruise driver-assist system that allows for hands-free driving on more than 200,000 miles of limited-access freeways in the U.S. and Canada.</li> <li data-xf-list-type="ul">The Hummer pickups, or a sport utility truck will be the first vehicle with the automaker’s next-generation EV platform and batteries under a $27B plan to shift to electric and autonomous vehicles through 2025.</li> <li data-xf-list-type="ul">"General Motors aims to eliminate tailpipe emissions from its light-duty vehicles by 2035. As part of that goal, the firm is committed to launching 30 new electric vehicles (compared to Tesla’s four models) by 2025", says David Trainer in his SA article, <a href="https://seekingalpha.com/article/4411361-general-motors-stock-worth-wait" target="_blank">General Motors Stock: Worth The Wait</a>.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/news/3627901-gm-seen-riding-hummer-ev-fast-lane" target="_blank">GM seen riding Hummer into the EV fast lane</a></li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3679061-ford-higher-after-wells-fargo-points-to-electric-push" target="_blank">Ford higher after Wells Fargo points to electric push</a></p><ul> <li data-xf-list-type="ul">Wells Fargo starts off coverage on Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) with an Overweight rating.</li> <li data-xf-list-type="ul">The firm thinks CEO Jim Farley has already accelerated the previously glacial pace of the Ford turnaround .</li> <li data-xf-list-type="ul">Analyst Colin Langan: "The turnaround is a massive change. Ford is no longer focused on having a product for all markets, but rather focused on delivering products in segments with competitive strength - pickups & SUVs. Ford N America has one of the strongest line-ups in decades with a refreshed F-150, the Mustang Mach E, & new Broncos. Farley also seems to be accelerating Ford's shift to EVs upping planned EV investments to $29bn by2025 and targeting only BEV passenger vehicles in Europe by 2030."</li> <li data-xf-list-type="ul">Wells assigns a price target of $15 to Ford, which works out to 3.5X the 2022 EV to EBITDA estimates.</li> <li data-xf-list-type="ul">Shares of Ford are up 1.48% premarket to $12.35.</li> <li data-xf-list-type="ul">Last week: <a href="https://seekingalpha.com/news/3678988-self-driving-startup-argo-ai-is-said-to-consider-ipo-this-year" target="_blank">Self-driving startup Argo AI is said to consider IPO this year</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16602583, member: 137766"] [URL='https://seekingalpha.com/news/3679015-general-motors-gm-hummer-ev-suv-tops-110000']General Motors' Hummer EV SUV tops $110,000[/URL] [LIST] [*]General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) unveiled an all-electric Hummer SUV topping $110,000 when it goes on sale in 2023, [URL='https://www.cnbc.com/2021/04/03/gm-unveils-electric-hummer-suv-topping-110000-.html'][i]reports CNBC[/i][/URL]. [*]The vehicle will be the [URL='https://seekingalpha.com/news/3624033-hummer-ev-sport-utility-truck-starts-112595']stablemate to an upcoming Hummer pickup[/URL] that’s scheduled to go on sale this fall. [*][b]Features[/b]: The 2024 Hummer EV SUV features the same eye-popping torque of up to 11,500 foot-pounds as the pickup, however it is estimated to have 50 miles less range, 170 less horsepower and be half a second slower pickup due to a smaller battery size. [*]The SUV’s range is estimated to be between 250 and more than 300 miles with zero to 60 mph in 3.5 seconds and up to 830 horsepower. [*][b]Pricing[/b]: Full pricing will range from about $80,000 for a base model to $110,595 for a special “Edition 1” launch model with an available “extreme off-road package.” [*]Initial availability of the Hummer EV pickup in the fall will start at $112,595 for an “Edition 1,” which has sold out. A $99,995 version will be available a year later, followed by $89,995 and $79,995 models in the springs of 2023 and 2024, respectively. [*][b]Manufacturing[/b]: The Hummer and SUV will be produced at an assembly plant in Detroit. They are the first Hummers since GM discontinued gas-guzzling versions of the vehicles in 2010. [*]Production of highest priced model is expected to begin in early 2023 followed by less expensive versions into spring 2024. [*]The SUV, like the pickup, is available with GM’s Super Cruise driver-assist system that allows for hands-free driving on more than 200,000 miles of limited-access freeways in the U.S. and Canada. [*]The Hummer pickups, or a sport utility truck will be the first vehicle with the automaker’s next-generation EV platform and batteries under a $27B plan to shift to electric and autonomous vehicles through 2025. [*]"General Motors aims to eliminate tailpipe emissions from its light-duty vehicles by 2035. As part of that goal, the firm is committed to launching 30 new electric vehicles (compared to Tesla’s four models) by 2025", says David Trainer in his SA article, [URL='https://seekingalpha.com/article/4411361-general-motors-stock-worth-wait']General Motors Stock: Worth The Wait[/URL]. [*][URL='https://seekingalpha.com/news/3627901-gm-seen-riding-hummer-ev-fast-lane']GM seen riding Hummer into the EV fast lane[/URL] [/LIST] [URL='https://seekingalpha.com/news/3679061-ford-higher-after-wells-fargo-points-to-electric-push']Ford higher after Wells Fargo points to electric push[/URL] [LIST] [*]Wells Fargo starts off coverage on Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) with an Overweight rating. [*]The firm thinks CEO Jim Farley has already accelerated the previously glacial pace of the Ford turnaround . [*]Analyst Colin Langan: "The turnaround is a massive change. Ford is no longer focused on having a product for all markets, but rather focused on delivering products in segments with competitive strength - pickups & SUVs. Ford N America has one of the strongest line-ups in decades with a refreshed F-150, the Mustang Mach E, & new Broncos. Farley also seems to be accelerating Ford's shift to EVs upping planned EV investments to $29bn by2025 and targeting only BEV passenger vehicles in Europe by 2030." [*]Wells assigns a price target of $15 to Ford, which works out to 3.5X the 2022 EV to EBITDA estimates. [*]Shares of Ford are up 1.48% premarket to $12.35. [*]Last week: [URL='https://seekingalpha.com/news/3678988-self-driving-startup-argo-ai-is-said-to-consider-ipo-this-year']Self-driving startup Argo AI is said to consider IPO this year[/URL]. [/LIST] [/QUOTE]
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