Posts By: Matt Posky

By on March 19, 2017

hk-h600

If you don’t remember Hybrid Kinetic Group, that’s because it nearly vanished from western news after promising to build a 1.5 billion dollar factory in Alabama for its $300,000 hybrid-electric. That factory, planned in 2009, ended up being unable to secure financing after receiving some state-sponsored help to get the ball rolling. It’s a similar story to what happened to a company, ran by the former CEO of China’s Brilliance Auto, in Mississippi and the contemporary situation with Faraday Future in Nevada. In the case of Hybrid Kinetic, the firm managed to secure some visas and financial aid from Alabama before pulling out of the United States in 2011 — presumably never to be heard from again.

However, earlier this month, HK made an appearance at the Geneva International Motor Show with a car that it now says it fully anticipates selling on the American market. The sedan is the result of a 68 million dollar deal with Italian design house Pininfarina to assist the Chinese company in producing a handsome and — more importantly — real electric luxury vehicle for the global marketplace.  (Read More…)

By on March 17, 2017

piech

One of the preeminent figures within the European automotive industry is looking to get out of the family business. The former paterfamilias of Volkswagen AG, Ferdinand Piech, is looking to dump his stake of Porsche Automobil Holding SE and sever his remaining ties to VW. Piech’s shares would remain within the Porsche-Piech family — allowing them to keep control of Volkswagen Group — but Ferdinand would be out of the game as a majority stakeholder.

Piech has been at odds with his relatives after suggesting that Wolfgang Porsche and several other VW supervisory board members had been aware of Volkswagen’s emissions cheating much earlier than they claimed. Sources close to the family, whose members are apparently outraged, have stated that the Porsche-Piech gang sought to replace him at the table of Porsche Holdings ever since.  (Read More…)

By on March 17, 2017

autonomous hardware

President Donald Trump received a tour of the American Center for Mobility this week. He did not, however, discuss the federal funding of the Michigan-based autonomous testing and development facility. Instead, the site was used as a location for the president to discuss regulatory policies and meet with automotive executives. Little was said on the subject of self-driving cars.

Still, automakers routinely remind us that autonomous vehicles are right around the corner. Ford says it can have autonomous cars rolling out by 2021, Audi and Nissan have said 2020, and Volkswagen has claimed it’ll be ready for self-driving models in 2019. Tesla — which has been pioneering the technology longer than most — has stated it has the hardware necessary in its current production vehicles and would have a bulletproof system installed in 2018, anticipating regulatory approval in 2021. However, suppliers are predicting much less optimistic timelines for self-driving cars — and the dates given vary wildly.  (Read More…)

By on March 17, 2017

Faraday Future FF 91 rear

Faraday Future is more of an automotive marketing company than it is an automaker. The company has been making unsubstantiated promises and ignoring its fiscal woes without giving much assurance that it will ever bring a production car — or assembly plant — into the real world. Problems have continued to mount and, like any deeply rooted zit, the situation is gradually coming to a head.

This month, Nevada State Treasurer Dan Schwartz demanded that the Governor’s Office of Economic Development conduct an audit of Faraday — throwing in Tesla for good measure. Schwartz has been critical of FF ever since it received government money to help build its factory, only to see work on the facility stalled due to nonpayment last fall. Faraday has since scaled back its construction plans, claiming that it was necessary to ensure production begins on schedule.

Now, FF’s primary backer, LeEco, is selling a 49-acre Silicon Valley property less than a year after purchasing it from Yahoo Inc. This comes after the company’s founder and CEO, Jia Yueting, explained to employees in November that LeEco was facing devastating financial issues stemming from its uncontrolled expansion. (Read More…)

By on March 16, 2017

Buick Grille Logo Emblem, Image: General Motors

J.D. Power and Associates continued its courtship of Buick and Lexus in its latest scorecard for consumer satisfaction with dealer service departments. While J.D. passes out awards around like a teacher giving PARTICIPANT ribbons at an elementary school science fair, its consumer index is a decent way to track automotive trends. In this instance, that trend is continued improvement of American manufacturers. Well, most of them.

Fiat Chrysler should sincerely consider making a large contribution to J.D. Power so it can get out of last place in literally every single category.

Meanwhile, General Motors is on its best behavior with a score of 807 out of 1,000, an improvement over last year by a full 10 points thanks to Buick taking top honors (860 points) and its other brands scoring substantially above the industry average. Buick was followed by Mini, GMC, Chevrolet and Nissan in the mass-market brand rankings. (Read More…)

By on March 16, 2017

Donald Trump

Donald Trump said Wednesday his administration will reopen a review of the current auto emissions directives passed in the final throes of the Obama presidency. This is cause for celebration for automakers, who’ve practically begged the president to repeal the mandates on grounds that the goals are far too uncompromising and ill-suited for the present-day market.

Speaking at the American Center for Mobility, President Trump promised to bring more manufacturing back into the United States and continue to bring down regulatory barriers so that automakers can continue to thrive.

“We’re going to work on the CAFE standards so you can make cars in America again,” Trump said. “There is no more beautiful sight than an American-made car.”

Clearly, the president has either never seen an Aston Martin or is trying to make a point about the importance of domestic product.  (Read More…)

By on March 16, 2017

marchionne looking pleased

Fiat Chrysler Automobiles CEO Sergio Marchionne changed his stance on the appeal of a potential merger with Volkswagen AG, saying he now has “zero interest” after being publicly spurned by company CEO Matthias Müller.

Marchionne had previously expressed a repeated interest in sharing business with the German automaker, especially with regard to green technologies.

However, after an initial remark where he said he was “not ruling out a conversation,” Müller explained that he had no direct contact with the FCA CEO. “It would be very helpful if Mr. Marchionne were to communicate his considerations to me too and not just to you,” Müller told German reporters on Tuesday. “I am pretty confident about the future of Volkswagen, with or without Marchionne,” he concluded.  (Read More…)

By on March 15, 2017

bmw grille

The U.S. Justice Department requested information from BMW AG’s leasing unit last year, hoping to get a handle on how it deals with delinquent payments from military personnel. The Servicemembers Civil Relief Act is intended to provide a wide range of protections for individuals required to enter active duty by suspending certain civil obligations, including outstanding credit card debt and auto leases.

However, BMW’s Financial Services said it doesn’t know how many of its leases might be affected by the Servicemembers Civil Relief Act’s terms. That’s not a great position to be in when federal law explicitly bans any action or penalty against currently deployed military personnel. (Read More…)

By on March 15, 2017

Lucid Air

Lucid Motors’ production EV turned out to be a much more reasonable entry than anyone expected. The media buzz was that LM’s Air would be a super-sedan offering up to 1,000 horsepower and a 400 mile range — a real Tesla killer. With a 1,000 horses and instantaneous torque, it would actually shame just about everything else on the road, regardless of how it was powered. However, as is so often the case with EV startups, the reality is significantly more nuanced than the hype.

That doesn’t mean Lucid can’t be a massive thorn in Tesla’s side, though. Looking over the freshly released details of the Air reveals a highly competitive base model (on paper) and, since this is the base model, there remains room for that ludicrously powerful and extravagantly priced car we were promised.

In the interim, consumers will just have to be satisfied with a much more affordable unit, but it still outdoes the base model Tesla in terms of power, range, and price.  (Read More…)

By on March 15, 2017

Audi logo badge emblem

As Volkswagen Group’s emission scandal settles down in the United States, things in Europe remain unresolved. German police raided the headquarters of Volkswagen and Audi as part of the never-ending investigations into the company’s diesel cheating.

The German blitz was carefully orchestrated as investigators simultaneously hit Audi’s headquarters in Ingolstadt, the corporate offices at its Neckarsulm plant, and VW’s headquarters in Wolfsburg. Separate spokesmen from VW and Audi confirmed the raids, both adding they’re cooperating with authorities. (Read More…)

By on March 15, 2017

2005 Jeep Gladiator Concept Vehicle, Image: FCA

We know it’s coming. Jeep CEO Mike Manley, while speaking at the North American International Auto Show, definitively stated the next-generation Wrangler will spawn a pickup. However, nobody has said anything about what the soup base for this new Wrangler stew is going to use.

When Jeep showcased the Gladiator pickup concept way back in the DaimlerChrysler era, it was built using Ram 1500 framework. It was a truck converted into a Wrangler essentially, instead of a Wrangler modified into the pickup format. While it’s been a decade since that concept saw the light of day, its recipe might still be the one FCA uses for a modern-day incarnation.

There’s evidence to support that claim, but — be warned — there is also speculation ahead. (Read More…)

By on March 14, 2017

Opel Insignia

General Motors has plans to swap the American spec Buick Regal sedan with the brand’s first wagon in ages. The replacement Regals are anticipated to be rebadged Opel Insignia Grand Sport hatchbacks and Sports Tourer wagons, both of which were on display at the 87th Geneva International Motor Show this month.

Ditching the sedan is big deal since it’s been Buick’s preferred body style and the only way to get a Regal since 1996. Granted, the five-door should appear sedan-like until it’s time to put away the groceries and the glass raises to offer unprecedented access to that sweet rear end. Those with the most highly evolved automotive palates will — obviously — opt for the unadulterated perfection that is the station wagon.  (Read More…)

By on March 14, 2017

2014 Nissan cube

As it funnels its suit-and-ties over to Mitsubishi and rearranges its own departments like mad, Nissan is losing veteran designer, stylish dresser, and chief creative officer: Shiro Nakamura. Responsible for some of Nissan’s more radical designs, Nakamura oversaw the styling for the revamped GT-R and current 370Z, along with intentionally quirky models like the Juke, Leaf, and Cube.

Nakamura said his designs were purposefully modern and intended to express the “shock of the new.” The objective was to amend the company’s western image as a discount brand and give its vehicles unique personalities and character, which — love or hate it — the Juke has in spades.

Alfonso Albaisa, Infiniti’s current design head, will be stepping in to take over for the retiring Nakamura as senior VP and Nissan’s styling overlord. Replacing Albaisa as Infiniti’s global design chief will be former BMW design boss Karim Habib. (Read More…)

By on March 14, 2017

Mitsubishi banner

Nissan is remaking Mitsubishi Motors in its own image, restructuring it into a more multinational organization with a less traditional Japanese hierarchy. The automotive arm of the tri-diamond keiretsu has already undergone early changes to revamp production and take advantage of its new role within the Franco-Japanese alliance after selling a controlling stake to Nissan in October for $2.29 billion.

Now Nissan is further shuffling the deck in Mitsubishi’s boardroom to better represent a company within the Renault-Nissan partnership. The management changes place more foreigners and a woman in top executive roles, ending the company’s long-standing practice of promoting employees based exclusively on seniority. (Read More…)

By on March 13, 2017

Donald Trump

President Trump is prepared to make a formal announcement on the review of vehicle fuel efficiency standards that were locked in at the tail end of the Obama administration. Sources have confirmed that he’ll be meeting with automotive CEOs in Michigan this week to discuss the the situation after listening to them repeatedly beg him to repeal the current guidelines.

The president plans to visit an autonomous vehicle testing facility outside of Detroit on Wednesday before meeting with the automotive heads representing the Detroit Three. White House spokesman Sean Spicer said on Monday that the trip is centered around “job creation and automobile manufacturing … highlighting the need to eliminate burdensome regulations that needlessly hinder meaningful job growth.” (Read More…)

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