Lexus hasn’t been quiet about its need for crossovers. The brand went into the fad (it can’t last forever) underprepared with a fleet largely comprised of sedans; now it’s rumored to be developing a sub-$30,000 product following the launch of its subcompact UX model.

While a little surprising that Toyota’s luxury arm would pursue such a modestly priced vehicle, especially since it previously said cheap cars were a nonstarter, itty-bitty crossovers are in fashion right these days— and probably a good way to increase sales volume in select markets. Such a car would also give Lexus an opportunity add another model with a smaller-than-average carbon footprint, pleasing government regulators.

Serving as the basis for this hypothetical model will be the Toyota Yaris Cross. The Lexus allegedly carries the BX name and will serve as an unlikely candidate for the North American landscape. It may, however, see action in Europe and Asia if the manufacturer decides to pull the trigger.  (Read More…)

Ford investors are reportedly irked that Ford Motor Co. seems to be pursuing the dynasty management route by issuing elevated positions to individuals of the correct bloodline. Like it or not, Ford has been a family business for the majority of its existence, but it’s facing new scrutiny after adding 32-year-old Alexandra Ford English to the board of electric truck manufacturer Rivian and making 39-year-old Henry Ford III (great-great grandson of the big dog himself) the face of investor relations.

The Ford family currently holds the largest slice of the corporate pie, thanks to their special class of stock, and 40 percent of the voting rights. But the business faces severe headwinds, hampered by the coronavirus and a share price that’s trended stubbornly downward since 2014. This has prompted concern among longtime shareholders and split opinions on whether or not Ford should continue keeping things within the family.  (Read More…)

A Chevy Silverado owner in Florida snapped and attempted to run down a gas station attendant following a heated argument about fuel pumps. Frankly, we can’t imagine how anyone could be unhappy with fuel prices being so low, but this is Florida, a state whose motto of “In God We Trust” seems far less fitting than my proposed alternative of “Check This Out.”

America’s infamous panhandle is a wellspring of weirdness and, in true Florida fashion, the latest event is as terrifying as it is hysterical. While attempting to assault someone with a motor vehicle holds little humor in itself, watching that person fail as their agitated target (who had to get in the last word) takes a near-perfect pratfall offers so much instant relief, the mind can’t help itself. (Read More…)

Mexico is considering reopening factories after May 18th, now that automakers and the U.S. government have requested it resume production at plants serving the American market. With supply chains needing time to catch up, vehicle assembly will be precarious until parts can be reliably sourced. And Mexico is an essential part of that industrial recovery plan, necessitating some light coordination with the United States.

Despite seeing a spike in new COVID infections, Mexico released a plan to ease restrictions on Wednesday. Making sure U.S. manufacturers have what they need has been incorporated into that strategy, with a few conditions. While industrial employees will soon head back to work, Mexico made no assurances that it will prioritize supplying the rest of North America with automobiles or their components.  (Read More…)

Over-the-air (OTA) updates are opening new doors for manufacturers, providing a way to continuously update vehicles after they’ve been purchased. We’ve had mixed feelings on their implementation.

While Tesla has used OTA updates to enhance features on its products, it also sees the technology as a way to rationalize customers paying up front for systems that have failed to manifest. The company has showed a willingness to digitally remove content on vehicles entering the secondhand market — to the chagrin of sellers and those taking possession of a freshly neutered automobile. Meanwhile, Volkswagen has deemed adhering to the launch date of its ID.3 electric hatchback more important than having all the software bugs worked out — with the assumption being that they’ll just be fixed later.

Our cursory assessment on over-the-air updates has been that they seem to possess countless opportunities for the industry to innovate and/or take advantage of customers. And it’s the main reason we’re not celebrating Ford’s recent announcement that the Mach-E will be equipped to receive OTA updates quite as loudly as other outlets.  (Read More…)

Uber Technologies has reportedly made an offer to buy Grubhub — a food delivery service that links local restaurants directly to customers via a convenient app. Considering Uber Eats is as unprofitable as the company’s core ride-haling business, dropping a bunch of money to acquire a similar business seems silly… until you realize Grubhub is pretty much the only food-delivery outlet to occasionally turn a profit.

Buying up the only legitimate threat to your side business could be wise, even if it’s also somewhat monopolistic, but large, unprofitable tech entities with slick-sounding business plans and massive stock valuation seem bulletproof right now. They can buy up whatever outfits they want and nobody bats an eyelash until an isolated incident pops up that the media can temporarily harp on.

Even with the coronavirus rattling Uber’s share price in March, with ride frequencies more than halved in major metropolitan areas around the globe, its value crept back up in subsequent months. The company also enacted cost-cutting measures, eliminating 3,700 jobs and shuttering 180 driver service centers, with more cuts presumed to follow later this year. While dropping a few billion on Grubhub seems at odds with corporate thriftiness, it may prove beneficial in the long term — especially with investors heaping pressure on Uber to provide evidence it can someday become routinely profitable.  (Read More…)

With Hertz concerned with avoiding bankruptcy as the coronavirus pandemic eliminates vacation plans en masse, the company has decided to cancel 90 percent of the new cars it would have purchased this year to refresh its fleet. Minimizing costs for 2020 will be essential for all rental agencies until demand for their services picks up. It’s also indicative of an industry that doesn’t believe life is going to snap back to normal by the end of the month.

We’ve previously covered how badly the economic ramifications of COVID-19 lockdowns have treated car rental groups, but haven’t said much about how they scoop up a large number of vehicles from manufacturers every year — helping to pad their annual volumes. Hertz held roughly 567,600 vehicles in its U.S. fleet and 204,000 in its international unit in 2019. Under normal circumstances, those cars would be rotated out in favor new models after spending a little over a year servicing customers. But Hertz will only need 10 percent of that number this annum, with the distinct possibility of other rental agencies taking similar action.  (Read More…)

Motorsport hasn’t been particularly engaging of late. Formula One seems to have lost the ability for a scrappy upstart to snatch victory away from a more-established team in even a single race and constant rule changing hasn’t helped anything. NASCAR, which intentionally tries to run much closer races, has similarly sabotaged itself by trying to obtain mass appeal. Both also suffer from a deficit of strong personalities piloting the vehicles and cars that are arguably much easier to drive than their forbears, making for fewer wild moments and less serious injuries.

All of this has sent your author back into the loving safety of the World Rally Championship and World Endurance Championship (along with MotoGP). However, the latter form of motorsport may be in danger of losing the oldest race in its playbook — the 24 Hours of Le Mans. While not yet marked for death, the event saw Porsche pull out last week. Subsequent reports indicate that Chevrolet is doing the same; as usual, the coronavirus is behind it all, and it does not bode well for the race’s long-term health. (Read More…)

Spending the last three months chronicling every every single cancellation related to the coronavirus hasn’t been any more enjoyable than reading about it. And, while we apologize for putting you though that, there honestly isn’t much else to report on when every manufacturer on the planet suddenly enters into a panicked lockdown. Thankfully, we seem to be nearing the end of being forced to issue updates on the latest cancelled soirée you had your hopes set on attending.

Despite automotive trade shows being canceled in Detroit, Geneva, and Paris this year, the Specialty Equipment Market Association (SEMA) show scheduled for November is still on. We may also see the New York Auto Show, which was rescheduled, take place in August — assuming the Javits Center remains underutilized for COVID patients through the summer and NYC doesn’t see a sudden spike in infection rates. However, SEMA is the first major event that seems like a sure thing in the automotive realm and, boy, are we glad to hear it.  (Read More…)

Chinese auto sales grew 4.4 percent last month vs a year earlier, rising to 2.07 million vehicles, according to tabulations released by the government-backed China Association of Automobile Manufacturers (CAAM) on Monday. This is actually better than its preliminary assessment suggested, with the new figure helping put an end to a 21-month slump of declining automotive sales.

Unfortunately for the region, it doesn’t seem to be indicative of a full recovery. In its report, CAAM noted that the rebound may be only temporary. Last month’s figures were primarily elevated by commercial vehicles, which saw record growth at 32 percent (year over year). Passenger vehicles also saw their numbers improve from the month prior, but they still down 2.6 percent in April. The improvement is widely seen as the result of backlogged orders that couldn’t be completed during the most prohibitive period of the pandemic, as well as the Chinese Communist Party ordering more work vehicles to stimulate the economy.   (Read More…)

Japan released a list of companies subject to new foreign-ownership rules on Friday, with automakers included in the document. The adjustment influences how outside investment will be handled in regard to business sectors crucial to national security by the nation’s Ministry of Finance.

Foreign outfits buying a stake of 1 percent (or more) in Japanese companies will now face a pre-screening process to ensure they’re not a threat. The old benchmark for such action was set at a substantially higher 10 percent.

While the language used in the document isn’t targeted and largely pertains to additional scrutiny in the general sense, this has everything to do with China. It also mimics measures taken in the United States and Europe to avoid further instances of intellectual property theft (or simply having sensitive information leaked to the Chinese Communist Party). It’s still risky, however, as about a third of Japanese stock is owned by investors from outside its borders. Meanwhile, the nation is hoping to ramp up investment to boost its economy.  (Read More…)

Tesla CEO Elon Musk appeared on the Joe Rogan Podcast this week, mentioning that the resurrected Roadster stands to see less love as the company turns its focus to other projects. Rogan, who already owns a Model S P100D and is an avid car collector, said he was interested in picking up the new Roadster once it becomes available. To that, Musk had some bad news. Higher-volume cars would have to come first.

“Roadster is kind of like dessert,” he said. “We gotta get the meat and potatoes and greens and stuff.”

The rest of the interview saw the two men discuss Musk’s opposition to unconstitutional lockdown orders resulting from the coronavirus pandemic, as well as humanity’s growing need for symbiosis with technology in order to ensure we’re not left behind as artificial intelligence begins to surpass us — boring stuff that has nothing to do with cars.  (Read More…)

Earlier this week, we reported on a bizarre story in which a 5-year-old Utah boy stole his parents’ Dodge Journey to drive to California. His mission? To procure a Lamborghini for himself. As you already know, he was picked up by local authorities before making much headway, but he wound up getting closer to his dream than anyone imagined.

Adrian Zamarripa’s junior adventure earned quite a bit of media coverage, encouraging a nearby Lambo enthusiast to visit the family this week and give the child some quality time inside his black Huracan. The car’s owner, Jeremy Neves, said he was impressed with the child’s initiative and wanted to meet him.  (Read More…)

The China Association of Automobile Manufacturers (CAAM) reports that April was healthier than expected, resulting in an estimated 2 million new vehicle sales. This would be the first time in a couple years the market has seen any monthly growth, with CAAM taking to the Tencent-owned WeChat to announce a single-percent gain over April 2019.

Considering the pandemic is anticipated to suppress global auto sales by anywhere from 10 to 20 percent, it seems premature to call anything a victory. Likewise, influence from the Chinese Communist Party has made any statistics coming out of the country highly suspect. Much of the world is currently under the impression that the nation’s leadership is in an all-out effort to project the country’s strength after failing to share helpful information in a timely manner and downplaying its coronavirus-related deaths. We don’t know what information is credible, especially since all groups (which includes individuals, state institutions, and corporations) are required by law to have direct ties to China’s only political party.

So that’s it then? It’s all bunk? Not quite. While there are plenty of reasons to doubt information coming out of China, there are also reasons to buy what CAAM is selling.  (Read More…)

Reports indicate Tesla has idled production in Shanghai, despite plans for the facility to resume production this week. Workers had been given time off for a five-day break that incorporated China’s International Workers’ Day (May 1st), with production expected to resume on the 6th. However, the facility made the surprise decision to remain closed.

Staff have been informed that the facility will not reopen until May 9th, according to inside sources. While this may lead one to wonder if the factory has found itself at the epicenter of a new coronavirus outbreak, there’s likely another explanation. Local outlets report Giga Shanghai as suffering from part shortages. (Read More…)