BMW’s electric car sub-brand is growing, thanks to new and upgraded models, but its management ranks are shrinking as executives flee to a Chinese startup.
Three top names, including the program’s head, were lured to China’s Future Mobility Corp. this year, Automotive News Europe reports, while sales dropped by nearly a quarter in the first three months of 2016.
Call it a case of “i” gotta go. Read More >
Sergio Marchionne added another CEO title to his résumé yesterday, taking control of Ferrari, where the Fiat-Chrysler head already served as chairman.
He replaces former CEO Amedeo Felisa, who retired after 26 years with the company. Felisa remains on the independent automaker’s board of directors, where he will serve as a technical advisor.
Marchionne now has full control of the company he spun off from Fiat Chrysler Automobiles at the beginning of the year. Two years ago, he succeeded former chairman Luca di Montezemolo, who stepped down in protest of Marchionne’s plans for the brand’s future. Read More >
Like two brothers who really, really, really can’t get along (I can’t stress enough how much they don’t get along) no matter how hard they supposedly try, the Koreas have a hot/cold relationship, to put it mildly.
One moment, the brothers are manufacturing trinkets together in Kaesong Industrial Region, a special administrative region in the DPRK. The next, the North is threatening to bomb everyone and the South shuts off the water and electricity service (literally) to its brother’s apartment.
But what if the Koreas unified; became whole again? Mike Rutherford of AutoExpress thinks it would be a car-building paradise, with Hyundai, Kia, Samsung, and SsangYong best poised to take advantage of low-cost Northern labor and cheap, cheap land.
Mini needs a fifth core model that stays true to the brand’s heritage while drawing in more customers, but the man in charge of the brand doesn’t like sedans.
Unless a previously unknown model crawls out of Mini’s history, one side of the dilemma will have to give up ground.
Ralph Mahler, Mini’s vice-president of product development, sparked sedan rumors earlier this month when he said a conventional four-door makes good business sense, especially in the U.S. and Asia. His boss doesn’t disagree, but hates the idea. Read More >
Acura is turning 30, and to celebrate, it’s turning its attention away from the yuppy Gen-Xers who first discovered the brand to the hopeful, car-buying Millennials of today.
It’s not pandering for vehicle sales, it’s a relationship, see?
Honda’s luxury marque just launched a marketing campaign that seems perfectly designed to lure in the largest-growing segment of car buyers. Called “30 Years Young,” the ad plays up Acura’s status as the leading luxury brand of this age demographic, while stroking the ego of the Millennial buyer. Read More >
Hoping to access and remotely take charge of a vehicle’s operating system via your laptop? Expect to shower with strange men in a place where the Wi-Fi sucks.
Life behind bars is the penalty proposed by two Michigan senators seeking to regulate the state’s connected and autonomous vehicle industry, Automotive News reports.
The bills introduced yesterday make it a super-duper felony to intentionally access a vehicle’s electronic system for the purpose of damaging it or gaining control of the vehicle. Read More >
The Ford Transit was America’s best-selling van in March 2016 and the first-quarter of 2016, full stop.
Not just the best-selling full-size commercial van. Not just the best-selling commercial van overall. The Ford Transit was America’s best-selling van, besting all of its direct rivals as well as each and every minivan.
Much has been made of the all-American Ford Mustang’s one-month stand in Germany. Even if the Mustang’s “Best-Selling Sports Car In Germany” status is only temporarily grasped, it certainly was a noteworthy turn of events. Meanwhile, Ford of Europe’s long-running commercial van, now Americanized, is dominating on our side of the Atlantic. Read More >
It seems Ford didn’t want to stay home from the EV dance.
Just 10 days after Ford Motor Company electrification guru Kevin Layden said that 100 miles of range is just plenty, thank you very much, CEO Mark Fields is now saying something very different. Read More >
It looks like Cadillac doesn’t think the Chevrolet Cruze is a suitable platform for a new luxury model.
A source in a story we ran yesterday claimed an internal program code that popped up at General Motors points to a new Cadillac model based on the Cruze’s front-wheel-drive Delta platform, but the automaker is now refuting the claim. Read More >
The time is ticking ever closer to the day an OEM slaps a $100,000 MSRP on a truck. It will happen, and it won’t be long before it does.
In 1997, $27,000 bought a lavishly equipped F-150 Lariat SuperCab with a 5.4-liter V8. Adjusted for inflation, that’s about $40,000 in today’s money. Adjusted for reality, that truck now carries a $45,000 MSRP. The $100,000 barrier will be crossed in perhaps a decade based on inflation alone, but inflation will not deliver the first $100,000 truck. Trim escalation and new equipment will cross the finish line first.
Regardless, OEMs won’t be the first to push MSRPs into the stratosphere. That distinction goes to the aftermarket, in conjunction with dealers. And, unsurprisingly, together they’ve already made a $100,000 pickup a reality.
Two sides, two seemingly valid arguments. And in the middle, five $1.1 million cars.
Through the province’s Electric Vehicle Incentive Program, Ontario taxpayers helped lower the price of five Porsche 918 Spyders last year, according to Canada’s national broadcaster, leaving many wondering why their cash helped fund supercars for the ultra wealthy.
The program shaved just over $5,500 off the price of each $1.1 million hybrid Porsche — a limited edition model possessing 887 horsepower, with a top speed of 210 miles per hour.
One of those vehicles has since burned to the ground in a Toronto-area gas pump fire, which, for some, serves as a perfect metaphor for taxpayer-funded EV incentives. Read More >
One of the coincidental perks in my work life means that my home office is just a couple of miles away from a major east coast autoport in Eastern Passage, Nova Scotia. Very rarely do I leave my home without driving by the CN Autoport. On the way to the grocery store, I spot rows of European luxury SUVs, odd imports such as the TVR Tuscan, handfuls of Land Rover Defenders, a Volkswagen Golf GTI Cabrio destined for perusal at Volkswagen’s Canadian HQ, and Mercedes-AMG GTs crossing Main Road with all the nonchalance of a cat which managed to stop traffic on 5th Avenue.
It also means my eyes, through no fault of their own, notice the periodic import of a Mercedes-AMG GLA45 with Mercedes-Benz’s ostentatious Aerodynamics Package, the least Mercedes-Benz-esque option known to mankind on what is already a decidedly un-Mercedes-Benz-ish vehicle. Read More >
Based on internal platform codes, sources are telling us Cadillac is working on a Delta-based Mercedes CLA rival.
General Motors has spent significant time and effort refining the Delta platform – as noted in our Cruze review, this platform is well worthy of premiums above the Cruze’s $17, 495 MSRP.
Based on what sources are sending our way, it looks like General Motors is planning exactly that, a premium vehicle based on the new D2XX platform. Read More >
Tesla is in the game to make money with its $35,000 Model 3, due out in late 2017, but that claim was recently disputed by an industry insider.
Jon Bereisa, an electric vehicle engineering consultant (and former General Motors systems architect responsible for the Chevrolet Volt), said recently that the Model 3 needs to be much more expensive for Tesla to break even, according to StreetInsider (via Electrek). Read More >
Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). Read More >
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