Hyundai released Wednesday a new concept sketch of the coming Elantra, which shows that the new model will sport a large hexagonal grille, sleeker and lower headlights, and a steeper dropping C-pillar.
The Elantra is scheduled for a redesign for 2017 and outlets are reporting the new sedan will debut at the Los Angeles Auto Show in November. It’s not clear what engines may power the new Elantra.
Toyota announced its updated Land Cruiser in Japan today, with a starting price of $38,000 (!?) for the off-roading legend.
The seven-seater over there serves as the base for our Lexus LX over here, which was unveiled over the weekend in California alongside the turbo’d Lexus GS, and our version has all the grille.
Based on initial reception of the LX, when will we get the new Land Cruiser?
The Ford Taurus, once the flagship in Ford’s range, apparently has fallen on hard times.
Sales are down 28 percent through July, it hasn’t done much to outrun its perception as a perennial fleet queen and police fleet buyers are picking the Explorer-based Interceptor over the sedan. Automotive News details the fall and rise and fall again of the Ford Taurus (thanks mostly to former Ford CEO Alan Mulally) and throws in a little tidbit in the middle:
If sales keep falling, analysts speculate Ford could eliminate U.S. production of it and … import the small volume it needs here from China …
Oh boy. Read More >
Cadillac likely won’t push to sell more cars in Europe before 2020, the company’s CEO Johan de Nysschen told analysts on Tuesday.
“We’ll go to that market when we have the right powertrains and the right cars,” he said Tuesday, according to the Detroit News.
Previously, Cadillac had planned some right-hand drive models and diesel powertrains to help it gain a foothold in European markets. According to the report, Cadillac has sold only 838 cars in Europe so far this year. Cadillac wants to sell 500,000 cars globally by 2020, de Nysschen said.
Honda may bring its small, two-seater S660 to the United States, Edmunds is reporting.
The car, which is much smaller than Mazda’s MX-5 Miata and categorized in Japan in the “kei” class, is powered there by a small, 660cc turbocharged three-cylinder.
In case you’re not picking up what I’m putting down: the S660 would be fantastically tiny on American roads.
Hyundai will show off its “Vision G” concept coupe at the Pebble Beach Concours d’Elegance next week, and holy crap just make it already.
The Korean automaker showed the car off Tuesday to media in Los Angeles and detailed the concept’s theoretical specs. Its 5-liter V-8, which it shares with the Genesis Sedan and Equus, would provide motivation for the presumably rear-wheel drive car.
Mine eyes see Wraith in back, tall Aston up front. Wonderful. [You need vision correction, Aaron. -Mark]
Stocks for automakers such as General Motors, Fiat Chrysler Automobiles and Ford took a pounding Tuesday after China devalued its currency in an effort to boost exports from the country, stemming the economic slowdown already underway.
In a statement released Tuesday, GM said it had enough of a local supply chain within China to offset its exposure to international currency fluctuations.
“We believe that our exposure is limited and manageable, and do not expect that the devaluation will have a material impact on the company’s financial performance,” the company wrote.
Toyota’s interpretation of the VehiCROSS new generation of compact crossovers will go on sale early next year after its reveal in Geneva in March, according to Autocar.
The Toyota C-HR (or perhaps Auris Cross) will be built on Toyota’s new global architecture, from which half of its cars will be based by 2020. It’s unclear if the car would be released in the States as a Toyota or as a Scion. The Auris recently went on sale in North America as the Scion iM.
The car hasn’t been confirmed for North American shores yet, but considering our penchant for anything crossover, the subcompact C-HR would scratch an itch Toyota has in its lineup now. Read More >
Last week, Lexus division general manager let slip that his company was thinking that it needed a paragon as the luxury division for Toyota.
“We need a flagship. It doesn’t have to be a sedan,” Jeff Bracken, Lexus division general manager, told Reuters.
What about the LS!? Is that chopped liver now? Oh, right.
“In addition to the LS (a large sedan), there could be another flagship in our lineup,” Bracken said. “We’ll define what it is in January.”
Sheesh. Read More >
Chinese luxury car dealer Yongda and giant online retailer Alibaba are offering the next logical step in online car buying for luxury car buyers: point-and-click car buying.
The South China Morning Post is reporting that Yongda, which has more than 200 high-end car dealerships in China, will make available its cars on the shopping site for browsers to point, click, pay and drive away from a dealership.
Seems like a good idea for ultra-luxury cars.
Kia’s chief in the U.K. says the automaker will have a new sports car by the end of the decade, Autocar is reporting. Hyundai probably won’t.
The two reports roughly detail a global business case the Korean is making for a small, lightweight sportscar that would be sold worldwide and further positioning for the brands.
According to Kia’s chief in the UK Paul Philpott, the car would be based on knowledge gleaned from the Stinger GT4 concept car.
Hedge fund investor Daniel Loeb has purchased a minority stake in Suzuki Motor Corp., which may mean the automaker could have a ruling on its nearly 5-year arbitration with Volkswagen, Bloomberg Business is reporting.
The unspecified investment in Suzuki by the billionaire Loeb, who is one of Japan’s wealthy business elite, could be a sign that a ruling following June’s completion of arbitration is imminent. For years, Suzuki remained “paralyzed” as the procedure slogged on.
Suzuki has a significant automotive presence in emerging markets and India.
The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age.
Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.
Reuters Investigates has a scathing report on foreign workers in Japan at some of Subaru’s most important suppliers. According to the news agency, due to the combination of a booming “Abenomics”, Japan’s 2010 asylum seeker program, and manufacturers looking for cheap sources of expendable labor, foreigners are taken advantage of and treated as second- and third-class workers. Another program meant to help Chinese citizens learn manufacturing skills in Japan is also implicated in helping Subaru take advantage of marginalized immigrant workers.
Subaru isn’t the only automotive manufacturer named as the same suppliers also feed parts to Honda and Toyota.
Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News.
The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for more money and offering fewer incentives, despite recent reports of F-150 incentives topping nearly $11,000 in some places.
Ford said revenues in North America surged 10 percent, which helped the company beat Wall Street’s expectations.
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