Our LA Auto Show correspondents filed very little information on this bizarre little car, beyond noting that it is
Made in Croatia, no comment on plans to make available for sale in the US.
But a little research reveals that it is an EV prototype from the automotive branch of a Croatian unmanned vehicle manufacturing concern. Dok-ing usually builds robotized vehicles for mine-clearing, fire fighting, and mining, but apparently it’s branching out into electric cars as well. Fast little electric cars at that: a four-motor, AWD version of this XD will hit 100 km/h (60 MPH) in 4.2 seconds, according to the company website. For the record, that’s one second slower than the Mclaren F1, which seems to have inspired the XD’s three-seat layout. Unfortunately, by the time you hit 120 km, you’ll only have just over 100 km of range. But then, it’s all hypothetical anyway, as Doking’s only market right now is Croatia, where these exotic little EVs are selling (or, more likely, not) for six-figure pricetags. On the other hand,
a company rep tells FoxNews.com that it is looking for investors to help federalize the car and set up a manufacturing facility for it in the United States. If successful, it says that it could produce up to 30,000 cars at a price of around $40,000 each.
One of the great mysteries to many inside the auto industry is why is GM’s stock price so low? Though the company had a weak third quarter, its stock price has been stuck well below its IPO price for much of the last year, despite a return to profitability. Though GM faces challenges, few inside the auto industry understand why its stock price remains so low. One theory: the government’s mere continued presence as a major stockholder creates uncertainty around the company. If this is the case, it creates something of a vicious cycle: the lower the stock price, the less likely the government is to sell its shares, leaving it lingering with no exit strategy, in turn driving the stock lower. Though that’s not likely to be the whole story, one thing is certain: the government has been forced to increase its loss estimate for the GM bailout. The Detroit News reports that the Treasury’s losses on GM are now estimated at $23.6b, up from $14.4b. And with an election looming, it seems likely that the White House will sell within the next six months. But will the government’s desire to protect itself politically trade off with GM’s PR? After all, whatever the Treasury’s final loss is, that number will be pinned to GM as a symbol of what it owes the American people. On the other hand, with most analysts insisting that GM stock is undervalued, another year of government ownership could convince investors to bid up the price, greatly reducing GM’s public debt. Too bad electoral politics will probably prevent that from happening….
What can you even say about Lincoln at this point? The brand talks up its new design studio, and then releases a “spot the changes” facelift. Critics bash the brand’s waterfall grille as “cetacean,” so for the facelift Lincoln goes and makes it look even more like baleen. Lincolns have little identity beyond Fords loaded up with there-for-the-sake-of-it technology, so they give the MKS and MKT (Ecoboost only) “Continuously Controlled Damping”… to polish their carefully-honed performance image? Because consumers were clamoring for a Lincoln, but didn’t buy because “Sport Mode” wasn’t available on its giant crossover? I know these are only holdover models, and that Lincoln will eventually come out with something all-new. I know that picking on these sales weaklings is too easy. I know that there are probably even a few folks out there that find the MKS and MKT to be the subtle-but-cosseting waft-mobiles that they’ve been waiting for… but I just can’t help myself. Especially when Lincoln’s press release on the MKS proclaims that
Refinements Signal Direction for Brand Today, Tomorrow.
Note to Lincoln: the future is not in refinements. If this brand is going to survive, it needs a clean sheet of paper.
As a small, independent, enthusiast-oriented automaker, Mazda is constantly in a fight for its life, and with its profits eaten away by a rising yen, this is more true than ever. And though Mazdas tend to consistently receive critical praise for their handling characteristics, styling has long been something of a sticking point for the brand. Last year Mazda launched a new look, called KODO, which aimed to position the company as “the Japanese Alfa-Romeo.” And though the first KODO car ever shown was a rather stunning sedan (since nicknamed the “Mazda-rati”), its first production KODO design is a rather more prosaic compact crossover, the CX-5. Which, in a way is fitting: if Mazda wants to survive to build Miatas and Speed3s, it will need to sell a grip of compact platform-variants like this one. Not only does this CX-5 look like it should sell better than the aging Escape-rebadge Tribute it replaces, its fuel economy (ranging between 26-33 for FWD/MT and 25/30 with AWD/AT) is finally competitive too. Now, as long as it drives like a Mazda…
Over the last few days we’ve been discussing the implications of the growing gap between global oil demand and production, looking at the responses of a global automaker, a radical startup and the oil industry itself. And make no mistake, it’s an uncertain future out there… unless you’re selling cars in the US. In that case, your future just arrived, planned all the way through 2025. That is, if you think this proposed rule will survive four presidential elections and one industry-government “mid-term review.” Want to familiarize yourself with this pre-planned fuel economy future? All 893 pages await your perusal, in PDF format here. Or, hit the jump for a few broad strokes.
Fiat’s 500 may be flopping early in the game, but then, what do you expect from a car with barely 100 horsepower? Though I’m sure the Cinquecento is better with a stick shift, my brief time in an autobox version left me feeling that Fiat’s italophile morsel could use considerably more brio. Well, consider the problem solved, as the 160 HP Abarth version has finally been shown in US-market spec, and sales should start sometime early next year. And based on European reactions to the Abarth, it should be a little firecracker. So, enthusiasm solved… now Fiat just needs to do something about its high prices, uninspiring fuel economy and wretched marketing. Then everything will be just fine… although I still wouldn’t hold my breath for 50k units per year.
Say what you want about Saab fans, the guys have some dedication. At a time when most have finally accepted the fact that Saab is at the end of the line, Saab’s hard-core “dead-enders” are taking up their social media arms to rescue their beloved brand. After all they have a perfect opportunity: after months of wading through a quagmire, uncertain whether to support Victor Muller, Vladimir Antonov, or one of Saab’s Chinese suitors, all Saab fans can now rally against their old enemy, GM. Long blamed for Saab’s decline despite the fact that the brand’s peak sales came under its ownership, GM has long been the bête noire for Saabistas. And with GM now taking the wheel of Saab’s fate, Saab’s rabid fans have taken over GM’s Facebook wall, posting images of their favorite Saabs and demanding The General “let Saab go.” Will it be enough to convince GM to go against its carefully-crafted Chinese relationships and interests by giving Saab carte blanche to ship its technology wherever its new Chinese masters want? Don’t count on it. But for the moment GM has to sit through the online equivalent of an “Occupy” protest.
Ford’s outgoing Escape is neither the newest, nor the nicest compact crossover on the market, but man does it sell well. How something so relatively old and uncompetitive maintained such strong volume in the market has long been a bit of a mystery, but my theory is that the Escape offered two basic attributes that the market desires: low price and SUV looks (without SUV efficiency). And by combining Escape with Europe’s Kuga to create one global compact crossover, Ford has been forced away from those two basic attributes: Escape likely won’t be cheap with its turbocharged engines and upscale interior (though pricing hasn’t been released), and it definitely doesn’t look like an old-school SUV anymore. Will a new approach to the compact crossover segment pay off for Ford, or is this Escape too “global,” or too similar to other “cute utes” to succeed in the US market? Is this the point at which the “One Ford” ethos crashes against the rocks of America’s appreciation for boxy, rugged utilities?
Americans may no longer be as completely obsessed with road travel as they once were, but for first-time visitors to the USA, a round-the-nation roadtrip is always the ultimate fantasy. And really, what better way is there to appreciate the great expanse and diversity of this great nation than by car? Luckily for those of us without the time, money or reliable transportation to discover America by highway, we can now get a taste of the magic in an internet-attention-span-friendly morsel: five minutes, fifteen seconds. Someone named Bryan DeFrees condensed a 12,225 mile-long road trip in a giant loop across the US into this film, making one of life’s epic adventures available from your desk or smartphone. Warning: Video may cause sudden desire to “hit the road”…
Though we owe Jalopnik a few well-deserved raspberries for this week’s inane tease-n-reveal of some wildly overhyped and under-delivering “renderings” of the 2014 C7 Corvette (look it up if you must), we’ve actually got to tip our hats to the Gawker site for finding a truly relevant petition at the White House website. The petition’s goal?
Stop using Homeland Security funds to seize imported vehicles, and change the DOT/EPA exemption to 15 years.
The Department of Homeland Security spends a shockingly disproportionate amount of its budget not on security initiatives, but on customs seizures. In particular, importers of grey-market vehicles have been targeted by monies taxpayers have intended to be used to secure our country against terrorism and terrorist activity. We call upon the Executive Branch to immediately cease this wasteful activity, and furthermore to change the DOT/EPA exemption time on grey-market vehicles from 25 years to 15 years (to match the vehicle regulations of Canada), recognizing that the 25-year rule was enacted due to support from special interests such as Mercedes Benz North America.
This is the kind of cause that we can absolutely get behind. In fact, if TTAC and Jalopnik combined can’t get under 22,000 readers to sign it… well, it will be Jalopnik’s fault. They’re a much bigger site. Seriously though, please sign this. There’s no guarantee that this will change anything, but as long as future generations can grow believing that they too might be able to someday import some awesomely clapped-out foreign jalopy that will demand all of their spare time and money just to stay running, well… the world just might become a better place.
Done signing the petition? Why not tell us what 15 year-old car you would import if you could?
Since ruling Americas roads in the heyday of the US auto industry, sales of large sedans (as a percentage of the overall market) have been in a decades-long slump. More recently, as SUVs have merged with large cars to form the modern crossover, the decline in large car sales has picked up speed. And there’s reason to expect that trend to continue, as a closer look at the data shows that market support for large sedans has eroded farther than even these numbers might suggest. One of TTAC’s well-placed sources reveals that the “large car” segment (admittedly, a notoriously difficult segment to accurately capture) is running at 50% fleet sales, year-to-date through October. That’s right, every second large sedan sold in this country end up as a fleet vehicle, many of them daily rentals.
The big news around here yesterday came from Bertel’s interview with Toyota’s Chief Engineer, in which it became clear that Toyota takes the developing world’s growing demand for oil very seriously. With global demand already outstripping supply, the giant automaker’s embrace of a petroleum-constrained business model seems to make it clear that gas prices will play a significant role in the future. But markets are, by their natures, both difficult to predict, and shaped by predictions. And Edmunds CEO Jeremy Anwyl reckons that, although gas prices are high and could well go up in the short term, fears of a runaway gap between supply and demand may not materialize over the longer term. He writes:
Here’s the twist: As I said, the consensus belief (or story) on future oil prices is that they will be higher. And short term, this may be the case if and/or when the global economy recovers and/or demand grows in emerging markets.
But there is a longer-term story as well. This story suggests that peak oil may be nigh and the future holds shortages and sharply higher prices. Buying into this story, companies, acting individually, will see profit in expanding exploration, developing sophisticated new extraction technologies, etc.
The aggregate result of all these individual activities is that the future supply of oil will improve and prices will actually drop.
In fact, we have seen this paradox play out before. Through the Seventies, we were first shocked by rapid price increases and then conditioned to believe they would continue. And, of course, oil prices collapsed in the Eighties.
Saab’s Memorandum of Understanding with PangDa and Youngman expired today, returning Saab to what must by now be a rather comforting, familiar state of limbo. Of course, the MoU in question was already dead, as GM had publicly nixed it, saying it wouldn’t supply parts or license technology to a 100% Chinese-owned Saab. But now, without an official agreement to rally around, Swedish Automobile, PangDa and Youngman are desperately pitching new ownership structures to GM in hopes of approval. Swedish Auto’s Victor Muller tells the WSJ [sub]
We are submitting an information package to GM and we will have to await the feedback that GM has on that package and then we’ll know.
Muller says the lesson of the failed MoU is that GM won’t accept Chinese control, and as a result the new proposed ownership structure is “very carefully crafted” so that none of the three partners has complete control. But since the previous deal, in which PangDa and Youngman would split a 54% stake in Saab, is also off the table, it’s tough to say what Muller’s “carefully crafted structure” entails. And while Saab and its Chinese suitors wait for GM approval that may never come (but don’t tell Keith Crain [sub] that!), it seems both time and money are getting tight. Again. Still.
I was not the only person to predict that the Fit 500 would enjoy strong initial sales and then flop as the novelty wore off… and I was half right! Sales climbed early, peaking at around 3k units per month this summer before dropping precipitously in September and October. In August were still wondering if the 500 could become a classic, but as of November 1, Fiat 500 inventory stood at a staggering 184 days. Now, Automotive News [sub] quotes UAW officials as saying that
Chrysler Group has suspended production this month of the 1.4-liter FIRE engine that powers the Fiat 500 in North America because of slow U.S. sales of the subcompact
As Bertel pointed out earlier today, peak oil is here: the graph above is not from some fly-by-night EV firm, but Toyota, an auto industry giant. What years of environmental and security arguments failed to communicate, economics is now explaining with little difficulty. Namely, that demand for oil is growing faster than supply, forcing developed economies to look beyond oil for future growth. And, as you might expect from a conservative player in a conservative industry, Toyota argues that the solution to this growing disconnect is a portfolio of drivetrain technologies. But what if, instead of trying to adapt an existing business model to the new oil reality, you built a new business model from the ground up? That’s exactly what Project Better Place is trying to do, and the contrast between its approach and that of Toyota is fascinating to anyone interested in the future of the automobile.
Recent Comments