Posts By: Matt Posky

By on April 13, 2020

2017 Bentley Bentayga:

While some degree of valueless virtue signaling accompanied the launch of Toyota’s Prius, most hybrid customers are an exceptionally practical lot. Fixated on the long game, they’re willing to weigh the added cost of supplemental electrification against an uptick in efficiency — attempting to calculate the duration of ownership required before they can start raking in the savings. However, the math doesn’t always work out like you’d think.

Recently assessed by the Environmental Protection Agency (EPA), the 2020 Bentley Bentayga Hybrid may not be the model for high-end customers looking to maximize their fuel economy. According to Green Car Reports, which obsessively tracks all things electric, Bentley’s Hybrid is actually less efficient on the highway and boasts a shorter maximum range than its V8 alternative.  (Read More…)

By on April 13, 2020

American stock car driver and World of Outlaws Sprint car team owner Kyle Larson was caught uttering a racial slur via a hot mic on Easter Sunday. Larson (#42 in the the NASCAR Cup Series) was participating in an online racing event with other professional drivers, streamed via Twitch and eNASCAR, where he suffered a virtual off. Afterward, it seemed like he was having a difficult time with his headset or internet connection. Larson clearly asks whether or not another driver can hear him before casually tossing in America’s least-favorite racial slur, apparently unaware that he was broadcasting on an open channel.

As you might imagine, the response was swift and savage. By Monday, Chip Ganassi Racing had announced it was suspending Larson without pay while it investigates the situation. NASCAR said it would look into the matter before it decides how to act.  (Read More…)

By on April 13, 2020

fca

As the global health crisis pivots toward becoming an economic one, the automotive industry is understandably eager to know when it can begin producing cars again. The situation isn’t going to be as easy as throwing open a few breaker boxes and giving the thumbs up. A mile-long list of problems, many of which lack easy answers, will first have to be tackled before things return to normal.

Supply chains will be slow to move — and potentially severed — as other nations wait longer to walk back social distancing measures. Not all factories will resume operation at the same time, and not all parts suppliers or shipping agencies will have made it through the coronavirus pandemic intact. It’s also uncertain how quickly customers will return to the market. In tougher financial times, customers may remain hesitant in making large purchases; meanwhile, localized quarantines will undoubtedly continue suppressing sales in certain markets. Then we have the elephant in the room — the vast amount of money this colossal reboot is going to require.  (Read More…)

By on April 10, 2020

With auto manufacturers, dealerships, and insurance agencies scrambling to find a way to retain customers during a global pandemic, now is the season of trying new things. Insurance companies have begun offering refunds on premiums for certain people who can’t afford to pay (and aren’t driving) during the health crisis. Automakers are offering heavy incentives on just about everything, cutting additional breaks for those left unemployed. Dealers are swapping to digital sales models to avoid as much direct contact with buyers as humanly possible while still making a sale.

But what are ride-sharing companies supposed to do?

Zipcar has a few ideas. With ride-hailing services and taxi cabs being viewed by many as mobile germ carriages, you wouldn’t expect shared vehicles to be in demand. Zipcar is making a few changes in a bid to make it all the more appetizing. Rather than relying on its typical hourly (or daily) price rates, it has expanded its Dedicated Zipcar vehicle program for weekly rentals. But that puts the business up against traditional rental firms, which have slashed their prices to an almost comical degree. (Read More…)

By on April 10, 2020

Chattanooga Factory Volkswagen Neighborhood Talent Pipeline

Volkswagen is furloughing around 1,500 assembly workers in Chattanooga, TN. Production is being idled on account of the coronavirus, making VW just one of many brands enacting a temporary shutdown. While the number of employees affected varies between reports, VW-Chattanooga spokeswoman Amanda Plecas said around 2,500 employees will be furloughed on April 11th. The downtime is expected to last roughly four weeks.

“Our primary objective is to protect the financial health of Volkswagen for the benefit of our team as we address the emerging and ongoing impacts of the COVID-19 outbreak on our industry,” Tom du Plessis, president and CEO of Volkswagen Chattanooga, said in a statement. “Right now we have limited visibility on when we will be able to resume production, but we are committed to doing everything we can to preserve jobs. During this time we will be intensely focused on preparing to reopen in a responsible way, ensuring our team has the opportunity to return to work safely and as quickly as practicable.” (Read More…)

By on April 10, 2020

With no reason to risk going outside and industrial news at an all-time low, I’ve retreated into curiously dry hobbies as a way to maintain my sanity.

A substantial portion of my time has been devoted to parsing through old automotive catalogs and marketing materials. As someone who is notoriously difficult to shop for, dusty paperbacks that can easily be found for a nickel at any estate sale turned out to be ideal gifts… and I amassed a sizable collection. Over the weekend, I found myself going through vintage television spots — noticing they’re quite a bit different from the ads we encounter today.

While automotive marketing has evolved through the ages, there was a long stretch of time where companies basically just filmed a car driving around as a disembodied voice explained its strengths. This was back when advertisements featured voice-overs telling you that “Quality is Job 1” at Ford, or a choir of voices joyfully acknowledging that they absolutely loved what Toyota was doing for them.

Today, I’m celebrating the 30th anniversary of a totally mundane promotion from 1990 called “National Cadillac Week.” While the free AVIS rental and cash back on your purchase weren’t unusual (then or now), I happened to encounter it exactly three decades after it originally aired — as if destined by fate. It was a glaring reminder of how much car ads have changed in that time period. (Read More…)

By on April 10, 2020

Last December, we reported that a team piloting a 2015 Mercedes-Benz E63 AMG obliterated the standing Cannonball record between New York City and Los Angeles. In March, we also noted that traffic density has declined immensely as a result of the viral pandemic currently gripping the nation — with those two cities seeing larger declines than the already low national averages. You can probably guess where this is going.

Rumors are circulating that a 2019 Audi A8 was prepped to capitalize on the moment, setting a new Cannonball benchmark while (almost) no one was watching. According to Road & Track, a team of at least three equipped a white sedan with auxiliary fuel tanks and set out from NYC’s Red Ball Garage on the night of April 4th. They arrived at the Redondo Beach finish line less than 27 hours later — beating the old record with time to spare.  (Read More…)

By on April 9, 2020

Mercedes-Benz got out in front of BMW while automotive sales languish in the gutter, though neither company finds itself resting comfortably upon a bed of roses. The global pandemic has made sure of that; no segment has gone unaffected by social distancing measures, but it may be the luxury divisions that have it the hardest moving forward.

Up until recently, premium nameplates had done rather well — scooping up an increasing share of the total auto market for years. While the Great Recession momentarily suppressed their ascension in 2008 and 2009, it was a temporary setback.

Luxury brands have had a good decade overall, with any rough years being offset by expansions in their lineup (chiefly crossover vehicles). Now they’re trying to move downmarket to capitalize on younger customers with a bit more pocket money. It might have been a good strategy, were it not for the coronavirus outbreak and subsequent economic downturn.  (Read More…)

By on April 8, 2020

On Tuesday, self-driving startup Nuro received a permit from the State of California to commence testing on certain public roads. Issued by the state’s Department of Motor Vehicles, the document allows its fleet of driverless delivery bots to mingle with traffic.

On a national level, Nuro’s vehicles are technically illegal without a smidgen of government help. U.S. Federal Motor Vehicle Safety Standards mandate road-going automobiles have things like windshields, airbags, and mirrors. Meanwhile, Nuro’s small delivery units don’t even have space for a driver — requiring the Department of Transportation to make regulatory exemptions for the brand in February after debating the issue for over a year.  (Read More…)

By on April 8, 2020

With China serving as the flashpoint of the coronavirus outbreak that brought the world down a peg or two, industry and financial analysts have been watching that market like a hawk. The country went into this crisis before any other, which may prove useful for predicting the general path of global recovery efforts.

Unfortunately, specious reports about the number of infected citizens inside that nation have cast a double-quilted blanket of doubt over its official statistics. We don’t actually know if the Chinese government has effectively wrangled the illness or is just hoping to win an international public relations battle. Fortunately, infection rates and death tolls aren’t the only metrics we have to rely on.

According to the China Passenger Car Association, auto sales plummeted by as much as 96 percent since COVID-19 began its relentless spread. This came after months of negative sales growth, leaving the Chinese market in a truly unenviable situation once mandatory quarantines were enacted. Now, circumstances have changed. Showrooms are reopening and many factories have resumed operations, only this time they’re the ones that have to worry about supply chain issues.  (Read More…)

By on April 7, 2020

The world’s largest oil producers are meeting this week for negotiations aimed at saving the energy sector a lot of hardship further down the road. That includes the Organization of the Petroleum Exporting Countries (OPEC), which has been at odds with itself more than usual of late. Hampered by dwindling demand, member countries are suffering and aren’t sure what’s to be done about last month’s price plunge and surplus of crude.

During the cartel’s last meeting, Russia declined to collaborate with OPEC’s planned production cuts. This sent Saudi Arabia into a furious tizzy; it quickly attempted to flood the market with bargain oil in an attempt to drive out lesser players. Like everything else, this was further complicated by the global pandemic. The coronavirus has suppressed oil use to a point where suppliers are growing concerned about storage capacity running out.  (Read More…)

By on April 7, 2020

ford

Ford has recalled nearly 68,000 vehicles manufactured at the start of 2020 and sold in North America, saying the cars suffer from a potential manufacturing defect where the clip that locks the gearshift cable to the transmission can become unseated.

While the company says it isn’t aware of any incidents related to the issue, a decoupling clip could allow a car’s transmission to be in a gear state different from the gearshift position selected by the operator. This could easily lead to dangerous roll-away accidents as drivers unwittingly put their vehicle into the wrong gear while thinking they’ve selected park. (Read More…)

By on April 7, 2020

Polestar has released details of its Precept concept, offering a reminder that this will be the vehicle that informs all future models the company produces. Jointly owned by Volvo Cars and Zhejiang Geely Holding, Polestar has morphed from the Swedish manufacturer’s partner in performance engineering into a separate brand specializing in sporting EVs.

We’ve seen the Precept before, bashing it gently in February for being a handsome sedan with a manufacturer that wasted everyone’s time (and its press release) by prattling on endlessly about green tech and sustainability. While we had hoped Polestar would remedy this in its follow-up teaser, powertrain details remain nonexistent. Considering this is a concept car, that’s not an unforgivable sin, but it’s curious a company supposedly focused on performance engineering has twice failed to discuss that aspect of the vehicle. Instead, we’re offered additional details about the model’s design — including some new photographs — as the brand continues to discuss sustainability and high-tech features.

Just enough to keep us interested. The bare minimum.  (Read More…)

By on April 7, 2020

Auto loan terms have been creeping up for as long as anyone can remember. Back in 1997, the average financing period on a new car was somewhere around 54 months. That crept up to over 60 months by 2004 and has only continued to climb. Over the past decade, the typical automotive loan term has ballooned by almost 30 percent. According to an analysis by Edmunds, the average financing period on a new vehicle sold in the United States surpassed 70 months in March of 2020.

While automakers’ recent introduction of loans extending up to 7 years (especially now that COVID-19 is hampering sales) has exacerbated the issue, we were already sitting on a 69-month average in October of 2019. Why would someone voluntarily agree to such a lengthy agreement? They may not have much of an alternative due to similar growth in vehicle transaction prices.  (Read More…)

By on April 6, 2020

Like most legacy automakers, Volkswagen is casually walking back promises of electrification. As with self-driving cars, the technology behind new-energy vehicles is taking longer to mature than the industry would like. Meanwhile, the market — skewed as it is toward larger models — has been about as cooperative as a sugared-up child come bedtime.

Despite governments around the world incentivizing the sale of EVs, they’re still but a fraction of whole.

With the pandemic undoubtedly discouraging consumers from purchasing big-ticket items, electric vehicle sales aren’t presumed to make a lot of headway in 2020, either. We recently learned that some of the promises made by Ford and General Motors in regard to electrification were overblown by corporate messaging. In truth, they both plan on remaining heavily dependent upon truck and crossover sales for several more years.

However, Volkswagen seemed to be betting everything it had on battery technology. In the wake of its 2015 diesel emission scandal, VW was one of the first companies to promise widespread electrification by suggesting it would build one million EVs by 2023 — with 70 new green models introduced by 2029. The past year has seen the automaker issue qualifying remarks that leave us feeling dubious about its end goal.   (Read More…)

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