As part of Ford’s massive restructuring plan, which is said to focus primarily on its European assets, the automaker will end assembly at its Blanquefort transmission plant in France next year. Its 850 employees will now have to find gainful employment elsewhere by August.

However, there was a brief glimmer of hope after transmission supplier Punch Powerglide (encouraged by the French government) launched a bid to purchase the facility and rescue it from being shuttered.

“Despite thorough and rigorous talks over the past nine months, and the best efforts of both sides, the plan put forward by the potential buyer presents significant risks,” Ford said in a statement. “We do not believe that the prospective buyer’s plans offer the level of security or protection, or limit the risk of possible future job losses, that we would like for the employees.”  (Read More…)

This time last year, Lincoln was busy promoting its Experience Centers — storefronts that promote the brand and its products, but don’t serve as active dealerships. Then, in August, it asked around 80 Ford/Lincoln dealerships to commit to building separate Lincoln-only facilities by July. It was an attempt to elevate the premium brand by making it appear more exclusive, akin to what Cadillac attempted with Project Pinnacle and what Hyundai Group wants to achieve with Genesis.

Unfortunately, all of these programs garnered a “mixed response” from dealers. Many complained that the cost of building a separate showroom for higher-end models is prohibitively expensive. That has also been the case with Lincoln. The California New Car Dealers Association even wrote Ford Motor Co. last month, asking it not to punish storefronts that fail to divide their facilities, and it looks as though the automaker has acquiesced.  (Read More…)

It was long assumed that the 2020 Chevrolet Corvette would premiere at the North American International Auto Show next month. However, General Motors recently confirmed this was not to be. In fact, it doesn’t appear as though the automaker has any big announcements scheduled for the event. Did something go wrong?

Big time, according to GM Authority. The outlet claims the C8 Corvette’s engineering team found a major electrical issue that stymied development. Anonymous sources hinted that the current system isn’t robust enough to carry the load necessary to support all of the car’s components simultaneously.  (Read More…)

Hyundai’s hydrogen-powered Nexo is so ludicrously specialized that it’s utterly impossible to make a case for it outside of California. In fact, even that might be overstating its usefulness — allow me to try again. The Nexo Fuel Cell works near Los Angeles or San Francisco and absolutely nowhere else in North America. And, while […]

Prior to his arrest in Japan last month over presumed financial misconduct, Carlos Ghosn was allegedly planning to remove Nissan CEO Hiroto Saikawa. The plot has certainly thickened.

Ghosn, who was serving as Nissan Motor Co.’s chairman before being taken into custody, was believed to be on the cusp of an upper-level management shakeup within the Renault–Nissan–Mitsubishi Alliance. Part of that plan included finding a new CEO for Nissan, according to inside sources.  (Read More…)

Roughly a year ago, Lamborghini customized a Huracán RWD for Pope Francis. This was not a commissioned job but a gift from the automaker to the Vatican. Tragically, His Holiness wasn’t interested in holding onto it so he could more easily cruise for babes and Catholic Church decided the best course of action would be to auction the vehicle off for charity.

While sold by Sotheby’s in Monaco last May for 715,000 euros (about $813,000 USD), it would appear the final bidder either didn’t have the necessary funds or experienced a change of heart. Maybe it was divine intervention. Regardless, the Huracán is now being raffled off for ten bucks a ticket — though you can choose do donate more and better your chances.

Even if you aren’t of the faithful, ten dollars for a nearly new supercar that has been blessed and signed by one of God’s favorite people feels like a bargain. Imagine the stellar track times you could achieve with the Almighty by your side and the Pope’s name scrawled on your dashboard.  (Read More…)

While Lexus has cranked out a few impressive sporting models over its lifetime, “performance” is not a term that’s synonymous with the brand. Instead, Lexus seems to evoke words like “reliability,” “luxury,” and “high resale values” from the collective consumer mindscape. However, the brand does do dynamics. You can log onto its website right now and discover that most of its fleet offers enough horsepower to make getting a ticket easy enough. It also has performance F variants of the GS, LC, and RC for customers of discerning tastes and the need for a 5.0-liter V8 powerplant.

Interested in going the extra mile to prove itself, Lexus plans to unveil a refreshed RC at the 2019 North American International Auto Show in Detroit, along with a special Track Edition of the already high-performance RC F.  (Read More…)

Ford Europe announced it had shuffled its leadership on Friday as part of a larger restructuring plan, appointing executives in Germany and the United Kingdom to oversee “Sprint to 6 Reset and Redesign.” The strategy seeks to achieve a 6 percent EBIT (earnings before interest and taxes) margin, investing only in products and services that it believes best support long-term, sustainably and profitable business.

“Ford is implementing key leadership and organizational changes to improve the fitness and agility of its European operations as it undergoes a fundamental reset and redesign of its business,” the company said in an announcement that emphasized creating operational agility.

While the full scope of the plan has yet to be announced, layoffs and factory closings seem highly probable. Ford said announcements concerning the details of the restructuring are expected between now and the beginning of 2020. Europe is expected to be the primary focus during the initial months, however. Ford Europe lost nearly $250 million in the third quarter of 2018, significantly worse than it managed in 2017. The company now expects to see a net loss for the region this year.  (Read More…)

Having already set a lap record for the Pikes Peak International Hill Climb this year, Volkswagen’s I.D. R has served the company well. Intended to showcase the brand’s might in electrification, the blisteringly fast R is as much a purpose-built track car as it is a marketing tool, and its long-term plans involve setting more records.

For 2019, VW wants to set a new lap record at the Nürburgring. Officially, the German automaker is only interested in defeating the Nio EP9’s record for electric vehicles. But we know that the I.D. R is a forced to be reckoned with. An overall victory would not be beyond the realm of possibilities and Volkswagen knows it.  (Read More…)

The Democratic Republic of Congo has declared cobalt a “strategic” substance, nearly tripling the royalty rate miners will have to pay on it. According to a governmental decree, miners will now pay 10 percent in royalties to extract the element.

While we’ve previously warned of the likelihood of a global supply shortage elevating the price of batteries, it seems this will occur only after the Congo taxes the crap out of it. This is the second time cobalt has seen a royalty hike since June, when the region increased the previous 2 percent royalty to 3.5 percent.

Besides the looming prospect of a reversal in the falling price of EV batteries, a spike in the price of cobalt is already ruffling some feathers.  (Read More…)

The city of Shanghai claims Tesla could begin production in China in the second half of 2019, which would be an incredible achievement for the automaker. China is Tesla’s biggest market after the United States and assembling product within its borders would be a good way to avoid the nation’s aggressive tariffs on U.S autos, which currently stand at 40 percent.

However, the trade war between the two countries has also stifled sales — and not just for Tesla. China’s car market hasn’t been particularly robust this year and appears to be headed for the first major slump after nearly two decades of reliable growth. While President Trump has teased that the People’s Republic may be about to lower its automotive trade barriers with America, there’s no assurances coming from Asia. Regardless, setting up shop within China should be beneficial for Tesla’s bottom line and make it more competitive with Chinese EV brands like BYD and Nio.  (Read More…)

General Motors’ restructuring plan has placed it under heavy fire. As it turns out, domestic job cuts and factory closings aren’t all that popular on Capitol Hill or in middle America, especially when a company appears financially healthy. Go figure.

Hoping to mitigate the social damage that’s only guaranteed to escalate next year, GM CEO Mary Barra took a trip to Washington to speak for the automaker. However, there wasn’t much backpedalling or apology-making coming from the executive. Instead, Barra’s presence served only to show that the company is capable of listening while simultaneously reinforcing that there will be no changes made to the plan.  (Read More…)

Earlier this week we mentioned that Ford’s restructuring plan might closely mimic General Motors’ strategy — resulting in widespread job losses. That theory was backed by an analysis from Morgan Stanley, which presumed the Dearborn-based automaker is likely to surpass GM in terms of layoffs, based on how much each intends to free up. Back in July, Ford said it would spend roughly three to five years on its $11 billion restructuring. All told, the financial services company believes the Blue Oval might shed at least 25,000 positions.

In the report’s wake, Ford CEO Jim Hackett is urging everyone not to panic. On Tuesday, he said Ford never provided numbers to Morgan Stanley analyst Adam Jonas, who estimated the significant employee reduction just one day earlier.  (Read More…)

We’ve arrived. It’s officially #TheFuture.

After years of talk within the auto industry, Waymo says it will become the first company to offer a commercial taxi service using autonomous vehicles when the program launches in Arizona today. Called Waymo One, the Google subsidiary plans to offer the first batch of rides to the 400 individuals who participated in the firm’s pilot program. Afterwards, the service will be expanded to more riders in a broader area.

As with the company’s early rider program, Waymo wants to keep the launch small to assess demand while continuing the company’s testing in an environment it feels comfortable with. Based on the growing assumption that autonomous vehicles can’t handle inclement weather, Arizona seems like the perfect place to keep working out the bugs.

Similarly, public complaints have indicated Waymo’s fleet of Chrysler Pacificas may not yet be perfected.  (Read More…)

The California New Car Dealers Association is requesting that Volvo immediately end its Care by Volvo subscription service within the state. According to the group, the automaker is in violation of California’s franchise and consumer protection laws.

It’s been a long time coming, as Care by Volvo is clearly designed to minimize dealer interactions. Anders Gustafsson, CEO of Volvo Cars of North America, even said the program claimed as much as 15 percent of the XC40 crossovers intended for dealerships this year.

“It’s really the same concerns from everybody, and it’s just that they don’t feel secure,” Gustafsson of said dealers last month. “They’re afraid we’re going to take something away from them … I would say the biggest question mark around subscriptions is that consumers need to decide that. Our retailers are asking, ‘Please let us be involved, because we can help.'”

It looks like they’re tired of begging.  (Read More…)