GM Outlines Path to EV Profitability, Streamlines Operations for Future Growth
Ford announced that its Oakville Assembly Plant in Ontario, Canada, will begin producing Super Duty pickup trucks in 2026. This decision marks a significant shift from previous plans to convert the plant into an EV production facility. Originally, Ford had planned to start building EVs at Oakville in 2025, with a delay announced later pushing the date to 2027, resulting in layoffs. Instead, the plant will now focus on producing up to 100,000 Super Duty trucks annually. Ford intends to introduce "multi-energy technology" to the Super Duty lineup, hinting at future electrified or hybrid options while maintaining non-electrified internal combustion options. This shift aims to preserve 400 more jobs than the original EV plan. Ford still plans to develop three-row EVs but has not provided a revised timeline.
EMKAY Enhances Fleet Management with Digital Vehicle Lead Time Guides
EMKAY has successfully digitized its vehicle lead time guides for both the U.S. and Canada, providing fleet managers with seamless access to the most current information. This timely data is essential for effective factory ordering, particularly as General Motors has opened ordering for the majority of its 2025 fleet vehicles. Fleet customers can now place orders for popular models such as the Silverado 1500, Silverado 2500, Equinox, Terrain, and Trailblazer, with lead times ranging from 12 to 20 weeks—aligning closely with pre-pandemic delivery schedules.
U.S. Gas Prices Decline but Face Pressure from Geopolitical Tensions and Hurricane Activity
In the second week of October, U.S. gas prices are generally declining, with the national average falling 4 cents to $3.13 per gallon, a decrease of 54 cents year-over-year, according to the U.S. Energy Information Administration (EIA). However, geopolitical tensions, particularly Iran's attack on Israel, have caused oil prices to surge, potentially halting this downward trend and leading to future gas price increases. Active hurricane season, including Hurricane Milton approaching Florida, may also affect prices. Regional averages as of October 7 show the Gulf Coast at $2.72 and the West Coast at $4.02, with Mississippi having the lowest price at $2.70 per gallon. Currently, 16 states have gas prices below $3, but this may change due to ongoing international and environmental factors.