While still an industrial giant on the global scene, Mitsubishi is a shadow of its former self in the United States. After leaning a bit too hard on its status as a value brand, annual deliveries went from about 346,000 units to just 58,000 between 2002 and 2012. Meaningful progress has been made since then, but the road to redemption has been a hard one.

The looming threat of tariffs isn’t making things any easier for Mitsubishi. The automaker doesn’t have a single production facility in the U.S., meaning it will receive the full force of whatever percentage is tacked onto the import fee. There is hope, however. Bizarrely, the brand’s biggest weakness (U.S. sales) is also its greatest strength when it comes to enduring import tariffs.  (Read More…)

Buick’s pint-sized Encore is the brand’s biggest volume generator, accounting for 44 percent of all U.S. Buick sales in the first half of 2018. While hard to imagine for those who just stepped out of the time machine from 1975 (just think if the Skylark was the model holding up the brand), it’s nonetheless a reality we have to live with. Crossovers are king, and crossovers are what’s keeping Buick alive.

The division no doubt wants to keep it that way, which is why there’s an all-new Encore coming for the 2020 model year. Here’s our first glimpse. (Read More…)

Evergrande Health Industry Group Ltd, which owns a 45 percent stake in U.S.-based Faraday Future, said Tuesday that the electric vehicle startup has officially moved its headquarters to China. The group claims Faraday now plans on building five R&D and production facilities across the country over the next decade.

The intended goal is to have the startup reach an annual production capacity of 5 million vehicles within 10 years and launch multiple “premium to entry-level segments for the global auto market, to build an internet-based intelligent mobility ecosystem,” Evergrande said.

It sounds a little premature for a company that managed to evade certain death by the skin of its teeth — and only just snagged a manufacturing facility — a few months ago.
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In 2011, Hyundai was flying high. No longer the butt of reliability jokes, and buoyed by the ten-year 100k mile warranty, Hyundais no longer needed to be sold as the “value” choice. Thus, the stunning 2011 Sonata, which flaunted eye-catching styling to generate plenty of showroom traffic. Fast-forward seven years, and every midsize sedan has […]

This time last week, Ford was busy claiming the leaked Build & Price tool for the 2019 Ford Ranger was “inaccurate.” At the time, most of the internet got a quick glance at the truck’s pricing and options packages before the Blue Oval hauled it down.

The official configurator is now live. About the only “inaccuracies” we could find? The listing for a Regular Cab truck has been replaced by a listing for a two-wheel drive Extended Cab pickup with no box.

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As part of its penance for pumping untold amounts of smog-causing pollutants into America’s air over the span of roughly six years, Volkswagen paid a steep price. Yes, there was the financial cost of the diesel scandal — a price tag topping $20 billion, covering fines, buybacks, repairs, etc. Then there was the shame, with VW execs issuing public apologies so frequently, you’d think they were congressmen.

As fines and public apologies aren’t that uncommon in the automotive sphere, it’s the third act that must really grind the gears of execs in Wolfsburg. The automaker now has to do something no self-respecting car company would ever do: It has to showcase another company’s products, and not in a bad light. (Read More…)

A truly bizarre rumor is just one of the issues facing Tesla CEO Elon Musk as questions swirl following the August 7th announcement that he wants to take the publicly traded company private.

As the U.S. Securities and Exchange Commission looks into Musk’s claim that there’s “funding secured” for the potential buyout, Musk was forced to confront a claim involving, of all things, a rapper, drugs, and spontaneous tweeting. Always a sideshow with this company…

The financial world, on the other hand, wants to know more about this Saudi business. (Read More…)

It’s a gearhead fantasy nearly as old as time itself. We know some vehicles offered around the world are not for sale here in this country, thanks to a myriad of safety and emission rules which are incomprehensibly different depending on where one lives. Not to mention the varying tastes and style preferences of the motoring public around the planet.

Doesn’t keep us from wanting what we can’t have, though. Is there a specific new car on sale today — but not available in this country — that gets your motor running?

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Not everyone was a fan of Cadillac’s decision to dive into an alphanumeric naming plan for its models. Seen as an attempt to copy German brands like BMW, Audi, and Mercedes-Benz, General Motors’ luxury arm began aggressively chasing the trend in the new millennium. But a great many traditionalists still feel that alphanumeric names are best left to Japanese sports cars and European sedans sold in various shades of gray.

However, these dissenting voices voices will continue falling upon deaf ears at General Motors. Cadillac is sticking with the letters-and-numbers strategy and recently filed reserves with United States Patent and Trademark Office for just about everything starting with CT or XT.

Hopefully, you weren’t holding out for a revival of the Eldorado this century.  (Read More…)

China has bit of a gambling problem when it comes to electric car manufacturers, though it should probably be referred to as a “gambling solution.”

The country dumps vast sums of money into hundreds of EV startups, effectively hedging its bets by placing chips on absolutely everyone. With $15 billion already invested, the nation intends to put another $47 billion toward the cause — plus whatever funding investment firms decide to contribute. While the strategy has definitely stimulated the economy, created jobs, and supersized the industry, there’s growing concern that creating a battle royale between startups could blow up in China’s face.

Even if it doesn’t, there’ll still be a bunch of automakers eating each other until only a handful remain. Previous estimates had that number riding around 5 percent of the whole. But NIO Capital, the Chinese investment firm that’s already invested a gratuitous amount of funds into advanced automotive tech, claims the actual number will be far lower — probably around 1 percent.  (Read More…)

Rupert Stadler, whose reign as CEO of Audi came to an end after his June arrest, won’t walk out the front doors of his Bavarian jail anytime soon. A Munich court has rejected the former auto executive’s appeal for release.

The appeal came nearly a month ago, around the same time Stadler — suspected of fraud in the diesel emissions scandal — stopped talking to prosecutors. The reason for the court’s decision is the same reason why a judge remanded Stadler in custody back in June. Worries remain that he might tamper with evidence if freed.

Meanwhile, there’s change brewing at the top of Audi’s corporate hierarchy. (Read More…)

The Reagor Dykes Auto Group was formed in 2006 after Bart Reagor, shown above, teamed up with a business partner to create a company that now eclipses half a billion dollars in annual sales. This is accomplished through a myriad of manufacturer franchises ranging from Ford to Chevy to Toyota, not to mention its dozen or so rooftops dealing solely in used cars.

Now, the company is facing allegations of major financial chicanery. In court documents filed last week, Ford Motor Company accuses Reagor Dykes of running one of the “largest floor-plan financing frauds in the history of the United States.”

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Last week, Tesla CEO Elon Musk announced his intention to take the automaker private. But speculation quickly arose that the claim was just a clever ploy to drive up the company’s share price and burn short sellers, a group Musk seems to have a particular disdain for. This resulted in a shareholder complaint, filed Friday as a securities-fraud class action in federal court in San Francisco, alleging he lied to manipulate shareholder prices.

However, the Securities and Exchange Commission was already investigating the matter at the time of the lawsuit’s filing. While the bulk of the initial investigation involved asking Musk if he was lying, it’s presumably advanced in scope and complexity since then. The lynchpin to the whole issue is whether Tesla actually secured the billions in funding necessary to go private. Even though the CEO said the money is real, he did not specify who would provide it.

That changed on Monday morning, when Musk pointed to oil-rich Saudi Arabia. But it’s not as simple as it sounds.  (Read More…)

One of the most recent “truisms” kicked around regarding the automotive industry is that there are very few “bad” cars and trucks. In other words, no matter what vehicle you buy, it’s likely to perform its intended purpose well, offer decent reliability, and not be too punishing to drive. The flip side is that if […]

It was possible to get into a Sport-trimmed Honda Civic before the 2019 model year, but you’d have to agree to the hatchback bodystyle first. Not everyone gazed upon that particular Civic’s styling with admiration and desire.

Not a problem. If buyers don’t want a five-door Sport, we’ll give it to ’em in coupe and sedan form, Honda figured. And so it is for 2019. However, checking the box for this slightly more aggressive treatment fails to bring aboard one of the hatchback version’s best attributes. (Read More…)