Who would have known that one of the largest parts supply recalls in U.S. history could poison the well for the rest of your business?
That, and Jeep needs you to keep it dry for a minute, Porsche pulls another player from Volkswagen’s bench and how big does Magna International’s yacht need to be anyway, after the jump.
Kenneth Feinberg, the lawyer who handled claims against General Motors for its faulty ignition switches that killed 124 people, will handle claims against Volkswagen stemming from its cheating diesel engines, the automaker announced Thursday.
“His extensive experience in handling such complex matters will help to guide us as we move forward to make things right with our customers,” Michael Horn, president of Volkswagen Group of America, said in a statement.
In addition to Feinberg’s experience with GM, his office also handled claims against BP for its Deepwater Horizon oil spill. Read More >
Five new chiefs for research, sales and production will lead Volkswagen, the automaker announced Thursday, including a new engineering chief to replace Ulrich Hackenberg, the longtime boss at the center of the diesel cheating scandal.
The automaker also announced a smaller, more linear organization for its chiefs. Volkswagen cut in half the number of managers who report directly to new CEO Matthias Müller, according to the automaker, which could help end the cutthroat corporate culture that contributed to the pressure to appease former CEO Martin Winterkorn.
“These structural changes speed up the decision-making process, reduce complexity and increase efficiency,” Müller said in a statement.
The U.S. auto industry generated an overall sales increase in November 2015 despite notable decreases at American Honda and Volkswagen Group, and a shorter-than-normal November selling season.
So strong were the numbers produced in the lead-up to and during November that analysts and forecasters are all but certain that 2015 will go down as the best year ever for auto sales volume in America. Just six years removed from the doldrums of 2009, auto sales in 2015 are expanding for a fifth consecutive year, rising 52 percent compared with 2010 and 5 percent compared with 2014.
This is the theme of auto sales coverage as we approach the end of 2015, as bestseller lists highlighting the strength of pickup trucks and ever more popular crossovers are being prepped. But what about the small figures behind the big numbers; the less well-known stories which contribute to the overall theme?
These are they. Read More >
Buried deep within the recently passed highway transportation funding act is a provision to incentivize whistleblowers to speak out against automakers who design serious safety flaws in the cars that they make.
The Motor Vehicle Safety Whistleblower Act, passed in Congress earlier this year and signed into law by President Barack Obama this month as part of a larger highway transportation funding bill, is the first federal attempt at preventing catastrophic defects such as the ignition switch installed into General Motors cars that killed 124 people. This year, General Motors settled with victims and families for more than $600 million and paid federal regulators more than $900 million in fines.
The bill’s language specifically targets defects such as GM’s ignition switches, but could leave helpless whistleblowers in cases like Volkswagen’s or examples such as Ralph Nader’s outcry as part of his groundbreaking book “Unsafe At Any Speed.” Read More >
Auto supply giant Bosch is being investigated for its part in the widespread emissions cheating scandal that has engulfed Volkswagen, Bloomberg reported (via Automotive News).
Prosecutors in Stuttgart say that they’ve contacted the company, which supplied Volkswagen with engine control modules that helped the cars illegally pass emissions tests, about their role in engineering the illegal devices.
A spokeswoman for Bosch said it would comply with requests from authorities.
Subaru and Lexus brands topped Kelley Blue Book’s annual resale list for the second year in a row, the auto industry group announced Tuesday.
Subaru claimed four model winners for 2016 and Lexus nabbed six honors in the annual survey that measures projected retained value for five years of ownership. Toyota and General Motors each earned five segment winners this year and Tesla earned its first award for its Model S.
According to KBB, the top 10 cars with the best resale value were: Chevrolet Camaro and Colorado; GMC Canyon and Sierra; Jeep Wrangler; Subaru Forester and WRX; Toyota 4Runner, Tacoma and Tundra. Read More >
The recent surge from Volvo’s U.S. automobile operations is fueled largely by the second incarnation of the brand’s flagship — the XC90. Sales of the XC90 nearly trickled to a halt at the end of 2014 and early 2015, as the first-generation SUV turned 12 years old.
But the XC90 has quickly regained its position as Volvo’s best seller. More importantly, November’s U.S. sales figures suggest that the XC90 does in fact have the ability to pull other Volvos ahead as well. Though sales of the S60, S80, and V60 are down 16 percent through the first 11 months of 2015, the trio jumped 38 percent in November, as XC90 volume shot beyond 2,000 units for a second consecutive month and as XC60 sales increased for an 11th consecutive month. Year-over-year, Volvo volume in the United States increased 91 percent in November 2015, the best year-over-year gain of any auto brand in America.
With 6,902 November sales, however, Volvo still trailed its former Ford Premier Automotive Group partner, Lincoln, by more than 1,000 sales in what was a disappointing month for Lincoln.
Remember the Premier Automotive Group? Read More >
November 2015 produced the lowest full-month U.S. sales total for the Scion FR-S in its history.
November 2015 also produced the sixth consecutive year-over-year Mazda MX-5 Miata monthly sales increase; November was also the fifth consecutive month in which the Mazda MX-5 outsold the Scion FR-S.
The FR-S and MX-5 are clearly not direct rivals. One is sold exclusively as a coupe with rear seats; the other is a two-seat convertible.
But the comparison between the pair, like the forthcoming comparison between the Ford Mustang and Chevrolet Camaro, is pertinent because of the contrast between old and new. From June 2012, the first full month of availability of the FR-S, through June 2015, the Scion was the fresher sports car parked outside A&W on a Thursday night. However, it suffered from the same malady that typically afflicts most sports cars early on in their tenure: DDDD. Drastically Decreased Demand Disorder.
Here’s some of the news you may have missed if you were out fighting the holiday crowds and spreading some of that Yuletide cheer by burning the hell out of some cookies you were planning on giving the neighbors. Read More >
According to a report from Allpar, Chrysler’s model mix might be getting a major re-shuffle compared to Sergio Marchionne’s much touted five-year plan shown in 2014. While Allpar doesn’t list a source, a recent investor presentation marked Chrysler’s future lineup as “under re-evaluation”.
The five-year plan called for a new C-segment sedan, which was dubbed Chrysler 100, and a slew of other new product.
With fuel prices expected to stay at their current level until at least 2020 and the market eschewing smaller cars for crossovers, the time may not be right for the Chrysler 100 in North America, reports Allpar.
According to a report last week from Japan’s Nikkei, the Mitsubishi Montero — known as the Pajero in other global markets — is totally, completely, and utterly dead. Mitsubishi will instead focus on crossovers and electrification going forward.
Mitsubishi had teased “The Return of a Legend” earlier this year before the Chicago Auto Show, which many in the automotive press — including TTAC — thought might be a replacement for the flagship SUV. The automaker showed instead its Mitsubishi Concept GC-PHEV.
According to the Nikkei report, Mitsubishi has all but stopped development on a new Montero/Pajero. The large SUV was last redesigned for the 2006 model year, but that generation didn’t make it to the United States.
New product is not fueling renewed American interest in Fiat Chrysler Automobiles’ namesake Fiat brand.
The 500X, the latest product added to Fiat’s U.S. lineup, was clearly the brand’s best-selling model in November 2015, but sales at the brand slipped three percent, a modest drop of 82 units. Rewind one year and Fiat’s lineup featured only two nameplates: the 500 with which the brand relaunched in 2011, and the 30-month-old 500L. Adding the 500X, a true subcompact crossover, brought in 1,833 buyers in November 2015.
But the 500 and 500L combined to generate 1,915 fewer sales in November 2015 than in November 2014, astounding losses for a brand which in November of last year suffered a twelve-month sales low.
The Fiat brand’s figures in November 2015 were worse. Read More >
Toyota announced Wednesday it would lower its global sales goal for the 2016 Prius in light of low fuel prices curbing sales of fuel-efficent vehicles.
According to Reuters, Toyota’s new target is to move an annual average of 300,000 to 350,000 Prii out of the lot around the world, compared to the 300,000 to 400,000 annual sales average sought for the outgoing model. A company representative said a decline in global sales of the hybrid since 2013 was one of the reasons behind Toyota’s decision.
A month after questions arose regarding how Volkswagen measured CO2 and fuel consumption in their cars, the troubled automaker says all is well.
Per VW’s PR machine, the automaker found “no unlawful change to the stated fuel consumption and CO2 figures” in the majority of its European lineup, with only nine vehicles for the 2016 model year having slight variations in conflict with their originally stated fuel consumption and CO2 stats.
The nine vehicles found out of step?
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