Posts By: Matt Posky

By on April 28, 2020

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Rivian and Ford Motor Co. are nixing plans to deliver a jointly developed Lincoln EV. Despite Lincoln President Joy Falotico saying the model would deliver one of the most tranquil and luxurious driving experiences on the planet back in January, Lincoln told dealers on Tuesday that development would be scrapped.

Ford invested $500 million in Rivian last year. The collaborative project was intended to deliver a high-end, battery driven vehicle built on the “skateboard” platform underpinning Rivian’s R1T pickup and R1S SUV. Had the project not been taken behind the shed and shot this week, an assumed mid-size Lincoln crossover would have arrived in 2022.

(Read More…)

By on April 28, 2020

With enhanced scrutiny and plenty of differing opinions being heaped upon the government loans issued to help soften the economic impact of the coronavirus pandemic, the Small Business Administration (SBA) has signaled plans to conduct comprehensive investigations before offering any loan forgiveness. Under normal circumstances, one would expect that to be the typical course of action for all loans. But the scope of the Paycheck Protection Program (PPP) has complicated things.

Designed to provide a direct incentive for small businesses to keep workers on the payroll, the program earned heaps of criticism after millions of dollars were allocated to groups that didn’t exactly constitute small businesses. While the list is long, standouts include the Los Angles Lakers and Ruth’s Hospitality Group. We’re more interested in the United States’ largest new-vehicle retailers, AutoNation and Penske Automotive — both of which received millions via the SBA’s Paycheck Protection Program.  (Read More…)

By on April 28, 2020

A laundry list of options from the Porsche 911 Turbo S have trickled down to the rest of the 992 Series, plus a few new inclusions aimed at making daily commutes more livable.

The biggest get has to be the expanded availability of the seven-speed manual, but that’s thus far reserved for European customers who still prefer be-clutched vehicles in greater numbers than we do. Still, don’t panic just yet. Porsche hinted in the past that the U.S.-spec Carrera S and 4S models would also be made available with manual options later on.

If it works out like it’s supposed to in Europe, optioning your prospective 911 with the Sport Chrono package opens it up to the no-cost option of choosing either the PDK dual-clutch or seven-speed stick. You’ll also get the associated track goodies, plus a new tire temperature display and some updated ambient lighting options.  (Read More…)

By on April 27, 2020

World leaders like to travel in comfort, security, and style — which is why you never see presidential motorcades formed around a Nissan Versa. Instead, security details crowd around something big, black, and closely tied to a domestic nameplate if the nation in question has such a manufacturer. In China, the preferred choice among high-ranking government officials has been FAW Group’s Hongqi luxury brand. Translated into English, the name means “Red Flag” and it’s the pride of China, even though the bulk of FAW’s premium models are a redux of various automotive products produced by foreign manufacturers.

That includes Hongqi’s first vehicle, the CA72. Launched in 1958 as a model exclusive to state institutions and the leadership of the Communist Party of China, the CA72 was basically a 1955 Chrysler sedan with a different grille. While that model line has had its own evolution, subsequent FAW products from the modern era benefited from joint partnerships with automakers like Mazda, General Motors, Toyota, and Audi.

A new joint venture specifically targeting Hongqi is now underway, and its a curious one. An American electric vehicle startup named SilkEV is apparently teaming up with the brand that symbolizes the CCP to produce high-end performance cars, and they’re spending a bundle to do so.  (Read More…)

By on April 27, 2020

Following a nearly six-month search for new leadership, the American Center for Mobility (ACM) has named Reuben Sarkar as its new CEO. The Michigan-based facility has been without a chief executive since Michael Noblett left in November of 2019, leaving COO Mark Chaput in charge while the company hunted for a replacement.

It found one with Sarkar. He’s positioned to assume his new role at the historic site (Willow Run) that manufactured B-24 bombers in World War II before transitioning to GM vehicles and eventually the testing of autonomous cars, in early May. But this isn’t one of those cushy CEO positions where one can sit back and enjoy a sizable annual bonus. Intellectual property conflicts, legal hazards, and a longer-than-presumed development timelines have stagnated the self-driving industry. Mr. Sarkar is going to have his work cut out for him — though we’re sure he’ll still be well paid.  (Read More…)

By on April 27, 2020

BMW’s i4 Concept may be the EV the brand currently has to promote, but it’s the iX3 that’s poised to become the brand’s all-electric cash cow. It’s entering a market space most other manufacturers agreed showed enough promise to launch other reasonably sized, plug-in crossovers (e.g. Tesla Model Y, Mercedes EQC, Jaguar E-Pace, Audi E-Tron). These are the vehicles seen as helping EVs pitch into the mainstream, offering both the planet’s preferred body style and adequate range for most commuters.

Up until now, we’ve seen most of what the industry has to offer in the premium electric crossover segment. Even the iX3 has been thrice teased by the manufacturer since announcing its existence at Auto China in 2018. But those were typically issued to us as conceptual renderings between spy shots of a vehicle that looked very much like the standard BMW X3. Recently leaked online, the production-ready iX3 hasn’t altered that opinion. In fact, it’s probably destined to end up being the most normal-looking EV on sale for a while.  (Read More…)

By on April 24, 2020

Former millionaire and ex-owner/CEO of Interlogic Outsourcing Najeeb Khan has been forced to sell off his entire car collection after declaring bankruptcy last year. Accusations of fraud from former clients and businesses partners really put Mr. Khan through the financial wringer. Multiple lawsuits claim the company failed to hand clients’ tax money over to the Internal Revenue Service — encouraging Khan to sell his business to Pennsylvania-based payroll firm PrimePay. While that certainly sounds suspicious, any determinations on his guilt are best left to the professionals.

Since Khan’s company has little to do with the automotive sphere, we’re not overly concerned with the details of the alleged monetary malfeasance, anyway. The important issue, from our perspective, is he now has to sell off his remaining assets. That includes investments made into various businesses, multi-million-dollar homes, and 281 vehicles — many of which are highly valuable and incredibly rare.  (Read More…)

By on April 24, 2020

Hertz Global Holdings is reportedly bringing in economic advisors to help the business manage its mounting debt. Unsurprisingly, everyone in the world simultaneously canceling their vacation plans wasn’t great for business. Your author has had to cancel four trips this year, three of which would have included going from an airport to a rental agency. With others forced to do the same as the events and places they planned on enjoying closed up shop, the prognosis is not been good for the borrowed-automobile sector.

When we last checked in, rental agencies had slashed rates to an almost unimaginable degree. Realizing that cheap rentals actually earn you less money when you have a surplus of vehicles nobody wants, those prices have begun creeping back towards normal. But financial problems have not abated. Still, we can put a positive spin on this since you’re probably tired of hearing bad news. Instead of this signaling disaster for rental agencies, think of Hertz bringing in restructuring experts as a sign that it’s being proactive in coping with a truly undesirable situation.

Feel better? Alright, let’s bring you back to reality.  (Read More…)

By on April 24, 2020

Way back in 1999, the Federal Communications Commission (FCC) set aside frequencies so automobiles could communicate with surrounding infrastructure. Concepts included traffic monitoring, speed mitigation, data analysis, new opportunities for law enforcement, and improved self-driving capabilities. The industry never made much use of it, focusing instead on more independent autonomous vehicles that wouldn’t need help from the surrounding world, and which could simply communicate with each other (and manufacturer data centers) using existing wireless networks.

Annoyed that automakers had barely touched the bandwidth allocated to them, the FCC suggested handing it over to someone else in 2019. In response, the Alliance for Automotive Innovation (AAI) promised that if the commission voted to uphold the status quo on the 5.9-GHz band, the automotive sector would install 5 million vehicle-to-everything (V2X) radios on vehicles and roadside infrastructure over the next five years. (Read More…)

By on April 23, 2020

If you were hoping to browse the mouth-watering classics at this year’s Pebble Beach Concours d’Elegance, don’t break out the collared shirts just yet. The event has been cancelled for the same reason everything else you wanted to do is now impossible. Pebble Beach officials have decided to nix the show, originally scheduled for August 16th, rather than risk the health of entrants, judges, and volunteers.

“My heart goes out to all of the people who are involved in the Pebble Beach Concours and who are impacted by this decision,” said Concours Chairman Sandra Button for the announcement. “Many of our entrants have been working on a special car for years, and this was to be their moment. Some of our overseas entrants were nearing the point of putting their cars on boats and planes, and their own travel arrangements have long been made. The same is true for many of our international cadre of judges.” (Read More…)

By on April 23, 2020

With the pandemic altering daily life for just about everyone alive, the slogan “the new normal” has exploded into popular parlance. Everything has changed and nothing, allegedly, will ever be the same. Governments are issuing stringent lockdown orders the likes of which haven’t been seen in our lifetimes, companies are initiating aggressive new health protocols, and gigantic tech firms are deciding what constitutes harmful information online as they act as censors for the public good. Worst of all, there’s little reason to drive anywhere — unless you’re planning on bugging out to live in the woods.

Whatever form society takes after the pandemic subsides, those eerily empty roads probably won’t be among the lingering changes. People are already chomping at the bit to get out there and do something, meaning most folks will return to their road-going ways. Which doesn’t mean COVID-19 won’t have an influence on future designs. Automakers are already mulling the possibility of adding better air filtration systems as a selling point.  (Read More…)

By on April 22, 2020

Running a little behind in its electric vehicle program, Volkswagen plans to resume production of its battery-powered ID.3 hatchback this Thursday. This is part of its revised strategy aimed at helping the company endure the bleak outlook created by coronavirus countermeasures that upended the global economy.

Like most automakers, VW will be on the hook for sizable fines in Europe if it fails to improve fleet-wide emissions this year, and it’s now losing cash as factories remain shuttered and consumers hone their social distancing skills.

With the latter problem almost completely out of its grasp, Volkswagen is focusing on making sure the ID.3 lands on the market this summer — even if that means rushing it out the door in a less-than-ideal state. Back in February, it was reported that the model suffered from a glut of software issues (an oddly common issue with the brand’s pre-production EVs) that could force VW to delay the ID.3’s launch. That apparently won’t be an issue, as it’s just going to run with whatever code it has at the ready.  (Read More…)

By on April 22, 2020

Volkswagen may be a mainstream brand, but it’s difficult to criticize when it comes to the polish of its products. Regardless of how long their individual components actually last under sustained usage, climbing into a VW model frequently gives the impression that you’ve found yourself inside a quality item. If that’s all it took to make a great car, VW would be king of the scrap heap every year. Yet people tend to demand a lot from their vehicle, including performance, and that’s an area where the automaker often falters.

Going up in trim on a Volkswagen rarely includes a burlier powertrain. The brand is all about rightsizing the basics in the U.S., leaving the options list for technological enhancements and all-wheel drive. There’s also an expansive R-Line trim, but its upgrades are mostly cosmetic, offering the style of a performance trim with nothing to back it up. If you want real thrills from the manufacturer, you’d best select a Golf model with the GTI or R suffix.

What if you don’t want a modestly sized hatchback, though? It’s not like there will ever be a compact crossover equivalent, as VW promised the GTI name would remain exclusive to small, peppy economy cars back in 2017. Could an automaker go back on its word? Provided there’s sufficient time between promises made, of course it can.  (Read More…)

By on April 21, 2020

Image: UAW

With very little going on in the automotive realm amid the pandemic, we decided to check in on the United Auto Workers to see if another chapter had been added to the organization’s ongoing corruption scandal. Not much news on that front, though the union did announce its pick for presidential candidate. On Tuesday, it publicly embraced Joe Biden.

While Biden has long been the presumed UAW favorite, a March confrontation with a Detroit factory worker over the former vice president’s 2nd Amendment policies briefly resulted in a cadre of union members pushing back against the candidate over social media. At the time, the situation looked to have done real damage to his prospects of getting union endorsements in the Midwest. However, it seems the outrage was short-lived. Meanwhile, President Donald Trump has taken great strides to appeal to factory workers living in states like Michigan and Ohio — measures that clearly helped get him elected in 2016.

Recall the UAW came out rather aggressively against Trump prior to the last election and ultimately endorsed Hilary Clinton. With that in mind, it would be almost unthinkable to see the union change course. It was probably always going to be Biden; the union just needed to make an the obligatory announcement.  (Read More…)

By on April 21, 2020

Nissan said Tuesday that it plans to temporarily shut down its global headquarters and several factories in Japan to help curtail the spread of the novel coronavirus. While Japanese automakers are legally allowed to operate within the country (with conditions), most have instituted some amount of health countermeasures independently. The nation has also formed a joint council for automakers and component suppliers to work with the government in maintaining supply chains while avoiding future contagion risks.

Despite the level of precautions taken, the country’s automakers are still estimated to lose at least $1.6 billion as the pandemic suppresses demand around the world. Nissan, which issued profit warnings in 2019, went into 2020 expecting to eliminate thousands of positions so it could begin amassing $4.4 billion in savings by 2023. Marketing budgets and product lineups would also need to be rejiggered dramatically to assure profitability moving forward. With the coronavirus further complicating the company’s strategy, May’s idling could be about more than just containing the coronavirus.  (Read More…)

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