General Motors opens new 'Factory Zero' EV plant in Detroit

[@jasonmandela8028]

Remember folks, these are the guys that went bankrupt and never paid pack their loans to the government.

[@wood4278]

The Hell with G.M. This raggedy company turned the city of Pontiac and Fint into ghost towns closing all those facilities just to move out of the state of Michigan which didn't make any sense let alone all the other facilities they close around Michigan...the Factory on Mound I believe was a transmission facility for over 40-50 years put them out of work it's just ridiculous but they want our support to buy their vehicles but took 1000's of jobs away from the main people who was supporting them...GO TO HELL G.M.

[@tomdoyle310]

Question 1: How quickly can you ramp up production? Response: We have close to half a million people who have raised their hands for the Hummer and Liryq, and this is just the beginning. Question 2: GM is not getting the same love from investors, what do you think? Response: We're going to do 30 EVs by 2025. My thoughts: Demand doesn't matter. You can have 5 million reservations for all I care, wouldn't make a difference. The question was how you will ramp up, not how many people admire your trucks. Also, 30 EV models by 2025 does not magically increase total production. If anything, you are sacrificing total production by introducing more complexity into manufacturing new designs that could otherwise benefit from greater economies of scale had they just been 5-8 EV models instead. If future production hell wasn't a big enough challenge for you already, then congrats, you've just multiplied the effects.

[@brandonlong2064]

Solid point.

[@arrowb3408]

Well, NOT ALL Americans buy in this brand. Plus, depends on your finanicial ability...Daaa BTW, does everybody buy Tesla or Porch??? Not really. But you can buy the other subs made from Japan, China or Malaysia

[@markplott4820]

Tom - Agree, gm is building 4 Battery plants that will Produce LESS than GF1 does , ........lol.

[@muhlor]

30 EV Models bei 2025, but setting the goal post for 100% EVs for 2035? Smells like GM is already filing for the next bankruptcy. Just lol how full of sh*t they are. Won't even start with the NIKOLA Failure. :D

[@kokovox]

Demand crates need for investment. Electrifying is not cheap - it will cost them 10ns if billions of $. If there is no demand why invest the money? Once the big car manufacturers put their capital and engineering resources into electrification it will only take a decade to switch off fossil fuels for transportation. This is huge. Hats off to GM for going straight to electric. Shame on Toyota, Honda and Stelantis.

[@mrhickman53]

So, can anyone explain how 30 models from one company suddenly overwhelms the competition?

[@simonkristensson3077]

They are going to park them at the Tesla headqauarters?

[@arrowb3408]

Can you do your own research by yourself.🤣🤣🤣

[@ned4short]

Instead of 30 models, they should focus on just 3-5.

[@OneManOnFire]

30 models all at different prices points and needs. Please let me know of another company that makes a bold claim like that.

[@larryo6874]

Well he certainly is “excited” about it!

[@coryk564]

This hummer is going to tank so hard. It’s way to expensive.

[@KingFinnch]

100k for the biggest, most torquey, and fastest truck is hella cheap, this thing is meant for celebrities and insane small-time millionaires

[@horuslupercal3872]

They will sell every single one they can build for at least the next 3-4 years though

[@maharajakal]

I won’t GM cars, I don’t like to negotiate and waste my whole day or weekends. I also like to park my car less than 50 ft from my house.

[@julianwarmington1267]

I'll never forgive nor forget GM for killing off the EV1, and i'll not be found behind the wheel of a GM model, however, i'm glad to see them finally getting the hell on with making The Big Switch to pure electric. It confirms the massive influence Tesla has had already. But maybe GM can survive given another decade's solid effort or so. Maybe they'll even pay back their loans to the US taxpayer, one day...

[@rioriggs3568]

Burn baby burn! Do all the GM vehicles come with a fire extinguisher?

[@jakedank2746]

Tesla do

[@jimbeam4111]

Hummers? 😂 these clowns just don’t get it. Build a $28,000 electric Chevy Malibu and call it the ChEVelle SS. Fire the boomers at these legacy auto manufacturers if you want them to survive.

[@chova1123]

And make a Cadillac E-scalade

[@cupajoe640]

I like your idea

[@briandreggors5280]

You clearly don't understand that HUMMERS have always commanded high market value, even on the pre-owned market. HUMMER EV will be sold out for two model years and command a premium.

[@jimbeam4111]

@@briandreggors5280 Clearly understand? 😂 I’ve owned two of them brand new. I’m here to tell you they are nothing more than a status vehicle. A Jeep Wrangler is way more capable off road. You’re correct they are sold out and that is all GM will ever sell of them. The way GM and the rest of these legacy auto manufacturers will be their demise. GM’s answer to Tesla is the Chevy Bolt. 🤣🤣🤣😂 They had the opportunity with the C8 Corvette to make that electric but decided to go revolutionary with a rear engine. Something other sports cars have been doing for decades. And yes I’ve owned new Corvettes. My point is GM was and is good at older technology but times have changed.

[@briandreggors5280]

@@jimbeam4111 90% of people who own Wranglers use them as Mall Crawlers. The furthest they travel off-road is when they had to stop and take a s*** at Arby's and you know that

[@ohkayinvesting2102]

You can't make this up. I see a hummer sat still... A production plant with zero moving parts... But yeah we should get excited over the noise rather than what we see...

[@WolfgangMartinViernheim]

2:50 - didn't you noticed that high motivated employee?

[@OneManOnFire]

They had a live event there today.

[@austins1658]

I’m so glad automakers are going electric but what would REALLY help is companies going zero emissions like solar on all their facilities.

[@KingFinnch]

one leap at a time dude, one leap at a time.

[@jakedank2746]

Ev white oil dirty secret

[@toddhanson658]

So, I wonder what the range will be after they come out? How many of these will catch fire?

[@markplott4820]

250 miles unloaded , only 100 miles TOWING.........LOL.

[@ncb1397]

Electric cars have a tendency to catch fire occasionally. There have been a handful of Bolt fires. Happens to Teslas as well.

[@trekkienzl2862]

My Tesla lasts me 420 km (260 miles) when fully charged.

[@kokovox]

Cars with petrol tanks catch fire much more often than cars without them. Imagine that. It does not seem to dissuade anyone from buying cars full of combustion prone petrol.

[@Mojo16011973]

Here comes the competition ! 🤣🤣

[@ericrice1827]

it's not brand new! it's an old factory with a new name

[@OneManOnFire]

What do you expect? They reused a former factory that built gas cars and retrofitted it in 20 months to manufacture and ship ev cars by the end of this year 2021. That is pretty fast turn around time in my opinion.

[@larryo6874]

GM almost partnered with Nikola…

[@yehimstone5492]

Why buy a gm electric vehicle when you could buy a tesla?

[@markplott4820]

gm FIREO .

[@jakedank2746]

Because Tesla are ugly if a Tesla had a gas engine in it would you buy it ?

[@markplott4820]

@@jakedank2746 - #1 TESLA would NEVER build a ICE/PZEV. #2 - ICE/PZEV are now IRRELEVANT.

[@jakedank2746]

@@markplott4820 Because Tesla can't make a gas car to hard to do anyone can put a battery and a motor in a car.

[@stonksftw]

Factory zero chance 😂😂

[@raymondgoodman1194]

General Motors is not an EV company. They are a car company that happens to make a few EVs. This is why they will get swallowed.

[@ge_song5]

Making LG EVs.

[@gordongekko4752]

1. GM's share of the US market has decreased almost 3 times since its peak of 50.7 percent in 1962, falling to 17 percent in 2016. Currently, GM's market share is around 13%. Nobody wants a GM product. People want Teslas. 2. Which automobile maker will go bankrupt first? GM, Ford or Stellantis? GM total debt $110B, Ford $147B, Stellantis $135B, Tesla $11B. 3. 2021 US EV market share: Tesal 63%, VW 11%, GM 9%, but all their Chevy Bolts have been recalled, Ford 6%.

[@SaleenDrift]

But why the Hummer?!!! Why not a more desirable and higher volume brand from GM that the average American would actually use?!!

[@yehimstone5492]

Because since hummer demand is low, it gives gm plenty of time to produce them without investors catching on to fact gm can't produce reliable evs in high volumes

[@SaleenDrift]

@@yehimstone5492 they are so screwed.

[@miketubbs1198]

That was supposed to be the Chevy Bolt and we saw how that turned out.

[@manfroma]

It's not about quantity, it's about quality & tech.

[@moppypuppy781]

Detroit is going to become a dark place when the Detroit 3 go bankrupt. Legacy auto has been so arrogant in the run-up to their downfall, it makes it hard to remember the _tragedy_ that will befall the city.

[@chethanslthippeswamy]

Why he is standing in front of production line

[@BryceLovesTech]

Are they making your own batteries yet?

[@patp9819]

Define batteries

[@i6olbj]

I thought Panasonic did batteries for Tesla?

[@d7588]

@@i6olbj Tesla makes their own batteries, but also get a good portion from panasonic and CATL suppliers on their formfactor.

[@i6olbj]

@@d7588 i thougt Panasonic ran the complete Batterty part of the gigafactory in the us? Like half of the building was Panasonic

[@i6olbj]

@@d7588 see @ 2:30 kzbin.info/www/bejne/rKeUnnl3gt9jhqc

[@apollo_1238]

CNBC should ask how GM plan to phase out ICE while growing their EV business. Dealerships not going to like it when they have no car to sale or service because build to order is the future.

[@murta1979]

Great move standing in the middle and blocking the whole production line...

[@trentwhitlock3504]

Did they partner with Nikola

[@StormyDog]

Yes. The new plan is to make hydrogen filled blimps. The demand will be explosive.

[@cybertrk]

Marketing fluff, produce vehicles and get them in customers hands.

[@jryan1024]

Is anyone actually working at this factory? "Producing Hummers by the end of the year". I heard the Hummer production run will be 10,000. Will it take all year to get that Hummer behind him finished? Tesla Shanghai is making 16000 cars a week.

[@rodfatherfishing9223]

What you didn't want marry barra to come out and lie to investors again?

[@StormyDog]

Best to spread the lies out a bit.

[@cicirunner]

30 Evs in 4 years from now? Unnecessary and too complex. Keep it simple! Will improve margins that way too.

[@markplott4820]

most of the 30 EV will be Hybrids , gm only making 5 BEV.

[@airdogg1979]

Mark and Mary are taking this company to ZERO before the end of this decade. Too little to late.

[@mikebailey2970]

So how many vehicles will that factory produce in 2022 and 2023? I would wager it will be far far less than 200k per annum

[@simonkristensson3077]

He said he is a marketer and salesman, and those can be trusted..

[@007PROFIT_SNIPER]

How long will it take for a battery plant to be completed?

[@markplott4820]

YEARS. and its not a Battery factory, its only Assembly.

[@truckershammock6135]

There is a Chinese battery plant next door.

[@KJSvitko]

EV adoption is accelerating every year. Exponential not linear. The only limiting factor is batteries. The number of electric vehicles and types of vehicles and trucks is growing. Many people are holding off buying a new car or scooter until the electric vehicle they want becomes available. Electric vehicles are just better. No noise, no emissions, less fuel costs, less maintenance costs and amazing technology. Gasoline and diesel are OLD polluting technology. So last century. Electric cars, electric trucks, electric buses, electric trash haulers, electric snow blowers, electric lawn mowers, electric weed whackers, electric hedge trimmers, electric snow mobiles, electric water craft, electric garden tools, electric mechanic tools, electric motor cycles, electric bicycles, electric scooters, electric farm tractors, electric construction equipment, electric delivery vehicles, ...... everything is going electric. No worries about starting after sitting for a few months. Gas always needs repairs. If you care about the future for your children care about climate change

[@kitikwai]

Battery supply is the biggest bottle neck. Does GM have a plan to make batteries? And if so, what’s GM battery production target? Or if GM is only going to be buying batteries, how much battery will GM be buying?

[@chova1123]

More reasons to go for the lithium producers for than the EV companies now

[@bahamatodd]

GM has announced five battery factories so far. One in China has begun production. Four in the US where the first in Ohio begins production spring 2022, Tennessee in 2023, then two more by 2025 locations to be announced.

[@maxwellgarcia_]

All electric by 2035, are you kidding me?

[@rickhammond2473]

They will not be in existence in 5 years let alone 2035

[@MengJiun_Chiou]

Mr. Market said GM is at that price then GM literally worths that price. Nothing is undervalued. Stop lying about you're the leader in EV.

[@neilredona5248]

What is the range and how long it takes to fully charge the battery?

[@trekkienzl2862]

To fully charge my fiancé's Tesla, it takes about 36 to 40 hours but it lasts me 420 km (260 miles).

[@Oprizzle1]

Very confident, he said it. They will be second to last. 😂

[@StevenFalkner]

CEO Mary Barra sold 550k shares one year ago. Don’t forget that. She knows they are dead.

[@rodfatherfishing9223]

GM stands for Giant Missteps

[@markplott4820]

Generic Motors.

[@islandman9619]

I'd be very curious to know if someone at CNBC or even GM read the comments below. If it's any miniscule indication of GM's success in the EV market, I'd be quite bearish on GM stock going forward...

[@amartinjoe]

the unions will always be a ball & chain for GM - Warren Buffet said something to the effect of "it's a healthcare company with a car company attached" - that's why investors aren't showing any love.

[@okanaganteslaguy1426]

Mark Can’ t answer the questions asked just like Mary B. Lots of talk! Let’s see what happens when no one wants a Internal combustion engine vehicle from GM. and they can’t sell them! The sale of ICE vehicles is where GM says the funding will come from to fund their EV lineups! They will go broke before they can ramp fully EV vehicles to a point that they can make a profit! IMO!

[@johnpublicprofile6261]

Out of these 30 models, excluding trim levels and other variants, how many will be available outside of China?

[@gj1234567899999]

GM factories look so primitive compared to Chinese factories. Lots of overweight Americans moving slowly installing things by hand. China uses sophisticated robots.

[@Madame702]

Even Lucid Motors claim they can only make 30,000 electric vehicle per year. That really, really, low with those number you can't challenge anyone.

[@flightgamer7849]

Seeing nothing move around him I think says it all.

[@margu4u]

truely the "leader" in EV 🤣🙉 ...no, wait Mr. B., there is another company with T. you "forget", which is years ahead in tech, already producing 1 million EVs a year and the ONLY reason you make (some) EVs now ! 😉

[@Madame702]

It really doesn't mean anything at this point. We been saying now for over a year now you need to get your battery production up, no batteries no electric vehicles. Same for Rivian, they got no batteries to pump out 100,000 vehicles a year.

[@ned4short]

GM is going bankrupt soon.

[@kaih1758]

Second to none??? LOL. He's dreaming. I guess he's never heard of Tesla. LOL

[@randomsh-t917]

I voted for Biden. Amazed to see how corrupt he has become. Selling out Tesla and elon for the favor of unions. I can't believe I'm leaning towards voting republican next time around. At least they don't so much hide the fact they are dirty crocks. They will at least let me keep my hard earned money.

[@kaih1758]

@@randomsh-t917 Republicans are only looking out for the rich and robbing the poor and middle class and they don't believe in climate change. Democrats is the best party, but the problem is lobbyist.

[@randomsh-t917]

@@kaih1758 I bust my ass and work 50 to 60 hours a week. More than my paycheck is gone. I work hard to make my income because I want to, not because I have to. And yet they want to further raise my taxes. Which side do you think I'm on?

[@brucesill]

There is really not a lot more to be said about GM. They still do not get what they are up against and what they have to do to pull this off. I feel for their employees who probably believe their jobs are safe.

[@trapiconti4001]

Is he standing in front of the production line? Nothing is moving behind him

[@ArendJanV]

Who knew gm was leading the ev revolution 🤣

[@smitha775]

Remember their electric Saturn 30 years ago…

[@mr2nikom]

Why does he not put money on Tesla, which has the best ev selling car and the best technology. I guarantee that US will be the number one in EV car for a long time.

[@Engineerrr100]

DETROIT is motor city. a lot of engineers in DETROIT.

[@wood4278]

Karma is coming for you G.M. for closing all those Facilities in Michigan from Warren to Pontiac to Flint put 10's of 1000's of loyal supporters out of work but you want people to buy your product...I really hope G.M. folds and go away the damage this company did to all those families is terrible and hopefully they will soon go out of business

[@randomsh-t917]

GM the leader in ugly Electric vehicles. If the Bolt is just a example.

[@GreenMountian]

The more boomers that talk about and get behind EVs the better! Great job Mark the boomer!

[@progressreason_1]

gm is leading the way in bankruptcy and corruption

[@Adam13Chalmers]

Hummer EV 2022 is going to be over $100k? There will be customers, but this will not be a significant factor in the future EV market. Even Tesla knows they need to keep engineering towards a lower price point.

[@julioguerrero6525]

🤣🤣 Mark almost said.. ‘Tesla’ 🤣🤣

[@דניאלאלון-פ4ג]

Dear followers!! Don't let the beautiful pictures confuse you . Anyone who buys a new car from GENERAL Motors the chance you threw your money into the trash is very large. In this company there is no customer service, the company's management does not care at all, if you have a problem or a malfunction, you can only pray to God there is a chance that the help will come faster. GM is a very dangerous company, be careful and keep your money safe.!!!Share so more people don't get screwed.GM is a big bluf

[@GET2222]

“A brand new plant” that’s BS. It’s a retrofit. HUMMER is such a dumb vehicle.

[@arrowb3408]

Go go, GM and Ford. The REAL CAR exterior and interior design are still the best.

[@PeopleVoicesForObama]

Too little to late GM! You had the first EV and you dumped it. You had no long term vision.

[@badbeetle2942]

GM first we crushed them, then we burn them, leader from the bottom

[@StormyDog]

Is that how many cars it will make?

[@markplott4820]

only 10,000.........lol.

[@samusvi2693]

but tesla knows what they are doing

[@ICEMAN440X]

This is going to be a disaster

[@rare_wubbox360]

You do know GM is bankrupt in a few years? 👍🇳🇴

[@georghillgruber6034]

False

[@hangender]

Boomer company trying to build EVs. How cute.

[@julioguerrero6525]

Tesla will make a Giga factory in Detroit in 2025🤣

[@TomM60]

Just use the corner of one the buildings GM still has because this should fail like the regular cars and SUV's they still make. GM hasn't made a good vehicle since 2006.

[@roddycreswell8613]

Why build disposable cars? In 10 years when the batteries need replaced they will go-to the bone yard because new batteries will cost more than the car is worth. My 7 year old truck holds every drop of diesel it did 7 years ago when I bought it. No thanks gm.

[@davidfenwick987]

Interestingly he made zero attempt to answer the questions, just tried to pump the stock, hopeless.

[@nagasako7]

Buying cars made in Detroit kinda cringe

[@teslacarolina]

What a joke of a vehicle and company! Mary Barra is going to catch Tesla, LMAO.

[@vcash1112]

Corny name for a factory, lol ..👀 Trying to be hipster cool is not cool...👀

[@Jack-bs7cy]

The Hummer and Lyric are very low selling brands they even canceled the hummer once. Are they doing this on purpose? Don't want to complete with the other ice brands so just make somthing the people don't want and can't afford.

[@borodinojoe1850]

Hummers? What a joke….Thought us democrats drove sedans and hatchbacks? Us liberals are sad. Why no small EV with no AC, rear wiper, heated seats, mirrors, pearl paint, remote entry… etc.. exciting? U are an engineer?

[@arisejeff]

Good luck GM. I think EVs are fun and a better transition but doesn't seem like you have what it takes. You are followers not leaders in EVs and it shows by how you think big numbers is good. The quantity of EVs and batteries you're planning to make given no track record and unionized labor all of a sudden becoming brilliant and motivated towards EV? Nah...think you're gunna have a bunch of mediocre cars. Hope I'm wrong but doubt it

[@dxelson]

Damm look at that fossil

[@Dogbertforpresident]

Elon Musk almost ten years ago publicly and strongly urged all of the legacy auto manufacturers to start building all electric vehicles. Now they are about over five years behind China and further behind Tesla. They became complacent in their dominance and now will pay the price. Way to go...

[@mikearnold8562]

This company is a joke most parts are from out of country..what happen to America work..tesla uses more us parts then this joke

[@thefoss721]

I just can’t stop laughing hahahahahah… ohhh goodness you know how much the engineering and production team are freaking out right now… let’s see 20 different vehicles in how many plants in the next how many years??? I give them 60 years but they will be broke and bankrupt much much before then, sorry Biden you don’t have enough money to fund GM and you better not try and take my tax money, ohhh wait you already have. What a joke do your own research on this matter before you say the dumbest things I’ve heard “were the best, 20 cars in the next decade, we’re excited, we’re leading the way in EV market” … all liessssss

[@miamiloco69]

Very EXCITING!! #IWORKFORGM

[@speederz1]

Hummer garbage...big lemons

[@Im_Ain_Ani_Li_Mi_Li]

Blah blah blah, Blah blah Blah and blah

[@EarlyJK]

Mary “man hands” approves of this too little too late plant opening! 😂 laughable