Posts By: Matt Posky

By on March 8, 2018

Steel Mill

There was quite the backlash against President Trump’s plan to impose sweeping steel and aluminum tariffs on Wednesday. However, the White House pressed onward to formalize the measures on Thursday afternoon with assurances from the Commander-in-chief that they will be imposed “in a very loving way.”

Apparently, Canada and Mexico won’t be subjected to the 25-percent tax on steel imports and a 10-percent tariff on inbound aluminum. But the exception may only be temporary and the overall feeling on the tariff proposals are mixed, to say the least. Considering that the automotive industry accounts for a significant portion of the nation’s steel and aluminum imports, Rust Belt states are worried. Michigan, Ohio, Indiana and Pennsylvania receive around 20 percent of the steel and aluminum sent to the United States. Each of the states went red in the 2015 election after Trump said he would protect manufacturing jobs. But Trump claims that’s exactly what he’s doing.  (Read More…)

By on March 8, 2018

Elon Musk

Tesla Motors previously announced that its CEO, Elon Musk, wouldn’t be paid unless its already high stock valuation continued to climb. His compensation package — valued at roughly $2.6 billion — is tied to a dozen operational milestones, all of them primarily linked to the company’s share price. However, the board has left the strategy’s fate in the hands of its shareholders, who will vote on the motion come March 21st.

In addition to Musk’s existing stock options, that bonus could result in a total payday of more than $55.8 billion over the next decade. That’s too much, according to proxy advisor Glass Lewis & Co. With the CEO already so finically invested in the company, Glass Lewis doesn’t believe any fee would have a meaningful impact on Musks’ involvement. He already owns at least 20 percent of Tesla’s stock, so any improvement in its valuation would already benefit him immensely.

“Any relative comparison of the grant’s size would be akin to stacking nickels against dollars,” Glass Lewis & Co. said in a report from February.  (Read More…)

By on March 7, 2018

BMW’s 8 Series coupe isn’t even here yet and the automaker is already toying with the idea of a sedan. Of course, in true luxury automaker fashion, it’s calling the four-door concept a Gran Coupe — proving once again that the language has evolved to a point where it is as fluid as it is meaningless.

Officially dubbed the “BMW Concept M8 Gran Coupe,” the sedan offers a conceptual glimpse at a performance variant of the brand’s returning 8 Series. The plan appears to be: build something that can compete with, and perhaps trump, Mercedes-Benz’s S-Class. But if you’re going to take on the big boys, you need to come at them with everything you have. That means a base model 8 Series coupe with double-wishbone suspension, rear-wheel steering, adaptive suspension, xDrive, gobs of tech, and a strong motor.

However, you’ll also need a nasty four-door M variant with all of that and a rip-roaring engine, larger air intakes, flared fenders, and a carbon fiber rooftop.  (Read More…)

By on March 7, 2018

The Toyota Corolla iM is a bit of a paradox. The bodywork suggests it could be a fun-loving hot hatch, but the illusion dissipates the second you climb into the driver’s seat. The engine seems sick, unfit for the task it has been given, and the ergonomics leave something to be desired. While it’s not really much worse than the Corolla sedan, and it is a serviceable daily commuter for those wanting something affordably efficient, it doesn’t seem up to par with Toyota’s usual fare.

With Scion dead and buried in North America and the Corolla sedan outselling the iM ten-to-one, we’ve wondered if Toyota would even bother keeping the hatchback around. But it looks like it will. The automaker previewed the new Auris hatchback — a European model nearly identical to the Toyota (formerly Scion) iM — in Geneva this week, offering strong hints that it will make its way westward. (Read More…)

By on March 7, 2018

Jaguar Land Rover previously mentioned it was working on a two-door flagship sport utility vehicle for Range Rover —  a model it promised would be the most expensive in the brand’s 70-year history. It certainly kept that promise. With a starting price of $295,000, the Range Rover SV Coupe fits the bill.

Ditching the “utility” portion of sport utility vehicle, the SV Coupe is all about style over substance. However, it is not the first two-door model offered by the company. Long after the Classic left the lineup, Range Rover built the Evoque Coupe until 2017. But that model was comparably pedestrian and didn’t come anywhere near the SV’s price tag. Nor did it boast the same level of hardware. (Read More…)

By on March 6, 2018

Porsche appears to have it out for Tesla Motors. Having already shown its Mission E sedan as a potential rival for the Model S, the German automaker just spawned the Mission E Cross Turismo electric crossover concept for the Geneva Motor Show. Unveiled just a days after Jaguar’s I-Pace, it looks like Europe’s premium brands want a piece of the Model X’s reasonably small — but growing — hunk of the market.

In the United States, Tesla moved 18,028 Model X crossovers in 2016. That number climbed to 24,400 for 2017 and could be higher in 2018, thanks to increased output.

Unlike Jaguar’s I-Pace and Tesla’s Model X, the Mission E Cross Turismo is only a concept vehicle. However, Porsche has already made clear its intent to dive headfirst into the realm of battery-electric vehicles, claiming the crossover will eventually reach production.  (Read More…)

By on March 6, 2018

Despite being off the market for 16 years, the Toyota Supra remains relevant as the brand’s most famous performance machine. That’s partially because the automaker never built a worthy successor but, even if it had, the Supra had already cemented its identity as an absolute monster before ending production in 2002.

You’ll find countless hours of footage where the model embarrasses high-end exotics in straight-line speed, usually thanks to heavy modifications. Likewise, its appearances in film and video games saw it coveted by automotive enthusiasts well before they learned how to drive.

That puts a lot of pressure on the automaker to deliver something that can live up to the hype; as a result, Toyota’s been very cagey on the Supra’s progress. However, we now have something resembling a production vehicle. The Toyota GR Supra Racing Concept is a hypothetical track version of the roadgoing fifth-generation model we’ve yet to see. (Read More…)

By on March 6, 2018

Subaru VIZIV tourer concept

Subaru has been showcasing the Viziv Performance Concept in an effort to build hype for the next-generation WRX since last fall. The automaker even produced a hardcore STI variant to double down on the concept’s current role. However, a large subset of Subaru enthusiasts only care about one thing: finding out when the WRX wagon will return.

Officially, the WRX wagon died when Subaru made the switch to a stubbier hatchback in 2007. To the chagrin of the platform’s fans, the company eventually stopped offering the performance model as a hatchback, too. North America has been in a tizzy ever since, and enthusiasts seeking an AWD performance hatch have been forced to seek comfort elsewhere. Those days might be coming to a close.

Subaru just unveiled the Viziv Tourer Concept at the Geneva Motor Show, giving us a taste of what might be in 2020.  (Read More…)

By on March 5, 2018

keys car sale

You’ve just taken your vehicle to the dealership for servicing and find yourself in need of a loaner car. Fortunately, the vehicle is still under warranty and you should be able to get into something without too much trouble. This does not mean loaner vehicles aren’t a major stressor for the dealerships providing them, and it doesn’t guarantee you a car.

Small dealers likely won’t have a surplus of such vehicles and may attempt to bar you from access, especially if you didn’t originally purchase your automobile from that particular store. Luxury brands are more likely to fork over a loaner to keep customers happy. Of course, they want something representative of the brand, not some random hunk of junk sitting idle on the lot. Maintaining a loaner fleet is tedious and opens dealers to all manner of additional expenses they’d rather not have to deal with. It’s expensive and people tend to bring back the vehicles on their own time, not when the dealer needs it for someone else.

So what’s a high-end automaker to do when a customer needs a replacement vehicle while theirs is in the shop? Think laterally. It turns out there’s a multitude of loaner alternatives currently being vetted by dealers, some of which don’t involve providing a replacement vehicle at all.  (Read More…)

By on March 5, 2018

Union officials have stated that roughly 2,500 workers from General Motors’ South Korean unit have applied for a redundancy package offered as part of the automaker’s comprehensive restructuring of the region. The number represents around 15 percent of total GM staff in the area and should make negotiations with one of the most inflexible workers’ unions on the planet that much easier.

Still, what General Motors plans to do with its remaining South Korean factories is unknown, but it has already announced one closure. This has left many wondering if the automaker will abandon production in the country entirely. Fortunately, the Korean workforce has not responded with violence. In fact, many appear to see the writing on the wall, opting to take a buyout rather than cause a fuss during the restructuring.  (Read More…)

By on March 5, 2018

TRI Platform_3.0 autonomous Lexus

Last year, the National Highway Traffic Safety Administration embraced autonomous technology by redefining how it categorized cars. Spurred by automakers and tech companies, the government has opened its eyes to this new technology and seen it as a way to potentially save lives by reducing the number of roadway accidents caused by human error.

Congress has been confronted with numerous pieces of legislation on the matter, too — prospective laws that would allow automakers to put hundreds of thousands of autonomous vehicles on the street, without the need to adhere to existing safety regulations. Many have called the move necessary if the United States hopes to be the first country to produce a truly self-driving car and start saving some lives.

It sounds almost too good to be true, and some claim it actually is. A group of public interest organizations is attempting to sound the bullshit alarm, claiming automakers are misleading government officials in the hopes of developing and profiting from unproven technology.  (Read More…)

By on March 4, 2018

Ford badge emblem logo

Ford Motor Co. will be temporarily laying off roughly 2,000 hourly employees at its Michigan Assembly and Stamping Plants in May so it can begin retooling the site’s facilities for production of the 2019 Ford Ranger and 2020 Ford Bronco. The location will be idled for roughly five months and Ford wants to make it very clear that these are temporary layoffs.

The automaker said in a notice in compliance with the federal Worker Adjustment and Retraining Notification (WARN) Act that all affected employees will either return to the plant in October or transfer to another factory. Ford also said it would be ending production of the Focus sedan and C-Max on May 7th.  (Read More…)

By on March 4, 2018

Trump

President Donald Trump amplified his earlier threat of a global trade war this weekend by suggesting he would impose a tax on European cars if the EU countered his proposed steel and aluminum tariffs. On Thursday, Trump called for a 25 precent import tariff for steel and a 10 percent fee on aluminum in the hopes it would bolster those industries domestically. Europe responded by threatening a tax on imported bourbon, blue jeans, and American motorcycles. Apple pie and baseball were not mentioned, but you get the idea.

European Union officials clearly wanted to send a message to the president to back down. Instead, he came back even harder in a tweet from Saturday. “If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.,” he wrote. “They make it impossible for our cars (and more) to sell there. Big trade imbalance!” (Read More…)

By on March 2, 2018

Italian supercar builder Pagani recently announced a successor to the bonkers Huayra will arrive by 2025 with an manual transmission on offer. There will also be an all-electric hypercar accompanying it. But details are scarce and most people don’t seems to care about EVs unless they’re built in Fremont, California, so we’ll gloss over it for now.

The Huayra successor is said to persist with a twin-turbo engine sourced from Mercedes-AMG. But the unit itself will be entirely new. Company founder Horacio Pagani also said the model will come with a manual option to meet the massive demand from Pagani customers who like to row their own gears. But you’ll have to wait for years before you can bask in its glory — likely from afar, unless you’re incredibly wealthy. Luckily, the manufacturer has an ace up its sleeve to help stave off your hypercar hunger: a collapsible soft top for the roadster version of the Huayra! (Read More…)

By on March 2, 2018

Cadillac is showing off the upcoming XT4 before its official debut at the 2018 New York International Auto Show by tossing it into a handful of commercials scheduled during the 90th Academy Awards. While the television spots seem to be intended to whet appetites prior to the vehicle’s launch later this fall, it’s the best look we’ve had at the model to date. That said, careful lighting and smoke machines allowed the XT4 to show plenty of leg without unbuckling its belt and giving us a real show.

The overall design is on par with what we’ve come to expect from present-day Cadillac, with vertical headlights cutting deeply into the front fenders. However, it looks to be a more shapely SUV than everything else the brand currently offers. Styling was clearly a priority here, and every element that identifies a model as a Cadillac appears to have been exaggerated without going too far.  (Read More…)

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