Category: Industry

By on May 9, 2014

harris

(Note: header image changed based on whim of E-I-C pro tem, some will understand why — JB)

Detroit Free Press reports former General Motors vice president of communications Steve Harris has been called out of retirement to help guide his former employer through the fallout of the February 2014 ignition recall crisis “for a limited time.” According to spokesman Greg Martin, Harris’ “deep background with GM and proven experience” will be of great benefit to the company. His second return the company — the first in 2006 at the request of then-CEO Rick Wagoner after leaving in 2003 — comes on the heels of successor Selim Bingol’s resignation in April of this year.

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By on May 8, 2014

tesla-model-x

Although Tesla reported a profit of $17 million on $713 million in revenue, their financials were reported using non-GAAP (Generally Accepted Accounting Principles) figures. Which means that my current checking account, according to non-GAAP figures, is probably somewhere in the high seven figures.

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By on May 8, 2014

2015-Ford-Focus-06

Despite a majority of U.S. consumers preferring automatic transmissions over manual offerings, Ford’s plan to offer the 1-liter EcoBoost with only a six-speed manual for the 2015 Focus is seen by the automaker as a sensible decision for the home market.

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By on May 8, 2014

Sergio Marchionne - FCA

Though Fiat Chrysler Automobiles CEO Sergio Marchionne’s five-year plan announced this week may be ambitious, analysts are raising questions about how the plan will be funded — and how much will be needed — if it is to be successful, let alone live up to Marchionne’s vision.

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By on May 8, 2014

University of Michigan Mobility Transformation Center

The University of Michigan’s Mobility Transformation Center and its partners will soon break ground on a $6.4 million facility meant to test connected and autonomous vehicles in a simulacrum of an everyday urban environment.

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By on May 8, 2014

Hyundai_Motor_Manufacturing_Alabama_Highsmith_01

A long-running lawsuit over the value of the land on which Hyundai’s Montgomery, Alabama plant is located has been settled. The Montgomery Industrial Development Board will pay former landowners $3.45 million to settle their claims. The particulars of the case illustrate the potential hazards faced by advocacy groups when they attempt to incentivize industrial development.

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By on May 8, 2014

Citroen CEO Linda Jackson

Managing director of PSA Peugeot-Citroën’s Citroën UK & Ireland Linda Jackson will now have oversight over the entire Citroën brand as its first-ever female CEO.

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By on May 7, 2014

FCAEuropeSlide

 

One of the frequent themes discussed on TTAC is the rising inequality of the mainstream car market in Europe. Since the Great Financial Crisis, Europe’s auto market has not only undergone a severe contraction in terms of volume, but also a radical shift in its composition.

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By on May 7, 2014

tesla courtesy nicholas fleury via flickr

While most states and the United States government offer tax credits to consumers for purchasing an electric vehicle or plug-in hybrid, Connecticut instead offers dealers the incentive to sell EVs and PHEVs, a move research group Navigant Research claims could be more effective at bringing about greater adoption of the new technology.

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By on May 7, 2014

Honda-S660-Concept-Live-Shot-05

Over two decades ago during the early years of Japan’s Lost Decade (or Lost 20 Years for those who believe the nation’s economy has yet to improve since the boom of the 1980s), Soichiro Honda’s final car before his passing — the Honda Beat kei roadster — left the Yachiyo Industry Company-owned factory at Yokkaichi to take on the likes of the Suzuki Cappuccino and Autozam AZ-1.

History could come back around, however, when the factory gears up to build the production-version of the Honda S660 in 2015.

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By on May 7, 2014

2013 Mercedes-Benz G550

For 35 years, the Mercedes-Benz G-Class has seen tours of duty with United Nations peacekeepers, the Pope, various hardened soldiers from Germany to Canada, and a few celebrities now and again. In that time, the SUV has changed its overall appearance once, when the W463 began leaving the factory in Graz, Austria in 1990; the previous W461 is still available for military and civil service. However, the current Geländewagen will get its second major revision come 2017 while retaining the W463 chassis code.

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By on May 6, 2014

This is a clever video. To save you the trouble of watching it, the story works like so:
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By on May 6, 2014

fcainvestorday

Wednesday marks the 16th anniversary of the Daimler-Chrysler merger. One day prior to this milestone, Fiat Chrysler has unveiled their business plan for the next 5 years. While the industry norm is to keep future product plans, brand strategies and sales targets as a closely guarded secret, FCA took the unusual step of making it all public, with FCA CEO Sergio Marchionne headlining the event (billed as a conference for investors) at an event in Auburn Hills, Michigan. Each of FCA’s brands and subsidiaries was given the chance to present their strategy through 2018, with healthy helpings of new vehicles, future technology and corporate strategy being revealed.

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By on May 6, 2014

doge

What follows is a quick guide to some of the changes outlined during the big Chrysler meeting today. Derek will have some in-depth analysis tonight.
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By on May 6, 2014

Chrysler’s short-lived and amazingly unsuccessful run at an SRT “brand” is over.
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