Last Friday’s whisperings of a “Black Monday” panned out, with General Motors announcing the elimination of roughly 4,000 salaried workers — part of a preexisting pledge to reduce its North American workforce by 15 percent.
Pink slips are in the process of being handed out, an unwanted delivery that should take two weeks to complete. In total, GM hopes to cull 8,000 salaried workers and reduce its executive ranks by 25 percent. Read More >
Volkswagen has agreed to spend $2 billion improving the United States’ adolescent charging infrastructure over the next 10 years as part its diesel-related agreement with federal regulators. As part of that arrangement, the automaker established Electrify America as the subsidiary responsible for most of the leg work.
While it invests heavily in the nation’s EV charging network and drops a few million here and there to raise ecological awareness and encourage the adoption of zero-emission vehicles, it also has to be careful to remain brand neutral.
None of Electrify America’s programs can be seen as catering to VW, resulted in some interesting bedfellows. Case in point, Electrify America just announced plans to install Tesla Inc battery storage packs at more than 100 charging stations across the U.S. Read More >
It was only a handful of weeks after the returning 8 Series Coupe went on sale that BMW thought to release a celebratory one-off that incorporated real hunks of meteorite into the interior design. Well, BMW Individual is back at it again to produce another special edition.
Called the BMW M850i xDrive Coupe First Edition, it’s the obligatory aesthetic overhaul the brand likes to impose on most of its high-profile models in their first year. For the 8 Series, that means a limited run of the exclusive “Frozen Barcelona Blue” metallic paint and 20-inch, M-badged alloy wheels in onyx. The chrome detailing has also been substituted for a high-gloss black on the window frames, vents, grille, and tailpipes. Read More >
There’s no love lost between General Motors and Canadian Detroit Three autoworkers union Unifor. The former plans to shutter the historic Oshawa Assembly plant in Ontario this year, the latter would prefer it didn’t. It would also prefer some product to build there.
Amid the turmoil surrounding GM’s wide-ranging cost-cutting efforts, Unifor released a commercial Sunday slamming GM for abandoning both its workforce and consumers. The title of the ad? “GM leaves Canadians Out In the Cold.”
GM’s message to Unifor? Cool it. Read More >
Volkswagen has big plans for mild hybrid powertrains and fully electric vehicles, but the perpetually popular Golf GTI’s successor won’t be a point of contention for motoring purists. That’s because VW has reportedly pulled a screeching U-turn on that model’s electrification.
According to Autocar, the eighth-generation Golf’s hot (but not hottest) hatch variant won’t go the hybrid route. Instead, company engineers have concerned themselves with incremental improvements over the current model. No electro-mobility here; just fun hatch. Read More >
The Great Recession of 2009 wasn’t kind to many automakers, a few of whom were forced to jettison brands like the crew of a sinking boat heaving cargo overboard. With a decent level of consumer confidence and continued cheap gas, things are looking up — even as they’re looking down (January results were less than favorable for a few).
Imagine for a moment you could conjure the ability (and the funds) to revive a brand that’s recently departed this landscape. We have four from which you can select — and a brand new way for you to vote.
Wipe that wing sauce and queso off of your chin. And put a coaster under that beer! It’s time for the Super Bowl – and, for those of you without any rooting interest whatsoever in either team, it’s time for Super Bowl commercials!
In addition to being one of America’s most-famous comedians, Jerry Seinfeld also happens to be a car snob of the highest order. His collection of vintage automobiles is so vast that he got the itch to sell a large portion a few years ago. As his fleet is already heavy with Porsches, his favorite brand, Seinfeld worked with Gooding & Company to get over a dozen under the gavel and make room for newcomers. Among these was an extremely rare 1958 Porsche 356 A 1500 GS/GT Carrera Speedster. It sold in 2016 and, yada yada yada, eventually resulted in a big lawsuit.
Estimated to move at over $2 million, the model went for $1.54 million to Fica Frio Ltd. with the suit surfacing just a few days ago. According to details outlined in the lawsuit, it was brought to the United Kingdom after being purchased. Then, in March of 2017, Fica Frio asked Lee Maxted-Page, the Managing Director of Maxted-Page Limited (which knows its Porsches), to evaluate and prep the vehicle for resale. However, the appraiser expressed concerns that the Porsche might not be authentic. Read More >
No, not just because American buyers open their wallets for anyone hawking a high-riding vehicle; rather, because an influx of cash would help stabilize Honda’s balance sheet.
The automaker’s global profits took a 40 percent haircut in the fiscal quarter ending December 31, with net income falling 71 percent in the same time frame. North America wasn’t a fiscal fortress, either. While a new crossover that straddles segment boundaries isn’t the cure for all that ails Honda, it’s anything but hindrance. Read More >
The long slog that is January provided a mixed bag of sales results for America’s automakers, with some enjoying the fruits of their new products while others stared down the barrel of red ink as they tried to kick their fleet habit. Frightening and frigid weather patterns didn’t help anyone, either.
Talking heads are expecting this calendar year to be the first since 2014 in which total vehicle sales in America drop below 17 million units. While it seems a bit early to sound that alarm, it cannot be denied that some companies have already dug themselves a big hole.
Mercedes-Benz has already announced its electric EQ range will see an EQC SUV as the first inductee to its automotive stable — followed by the EQS sedan, EQA hatchback, and the compact EQB crossover. It also plans to introduce its EQV Concept in Geneva later this year, a model which draws much of its inspiration from the Mercedes V-Class (known in North America as the Metris).
However, the standard V-Class is going through some changes of its own. Thanks to a mid-cycle refresh in Europe, the model will gain more standard safety tech, new hardware, and added luxury options for 2020. It also goes under the knife for some tasteful plastic surgery, bringing it in line with the rest of the automaker’s lineup. Read More >
General Motors’ cost-cutting plan could hit home in a big way for salaried employees next week.
While the automaker has already begun cutting its salaried workforce, part of a broader streamlining push that includes plant closures and model discontinuations, sources claim Monday could bring widespread pink slip action. Read More >
It’s time for that great celebration of Americana — the fifty-third Super Bowl. Sunday night, Patriots fans and Patriots haters will come together to watch the season’s championship game, against… a team from Los Angeles? Am I reading that right?
For the rest of us, the Super Bowl is basically a better Thanksgiving. Gorging oneself is expected, of course, but there are fewer awkward conversations with the great-grandmother or that weird racist uncle. And we get to watch TV.
Yeah, for me, the commercials are the best part. It’s an opportunity to celebrate excellence in short-form storytelling — while selling something. Like each of the last several years, I’ll be watching the game with my laptop in my, well, lap, updating a post every time a new car commercial appears. However, many of those commercials have already been teased or released outright prior to the game, and that’s where this preview comes in.
Depending who you ask, the November arrest of disgraced auto executive Carlos Ghosn was either swift justice or a coup d’etat — with some help from the Japanese government. Re-arrested in December and held ever since without bail, Ghosn faces breach of trust charges alleging the exec covered losses incurred through foreign exchanges with Nissan’s funds between 2008 and 2012. Those losses add up to $16.6 million, according to the prosecution. He’s also cited for misrepresenting his income.
However, Ghosn doesn’t see things that way. On Wednesday, he told the Nikkei business daily that he believed the charges against him were motivated by Nissan executives opposed to further integration with its French alliance partner, Renault SA. “All the evidence is with Nissan and Nissan forbids all employees to talk to me,” he elaborated. Read More >
Of all the automakers populating this vast land, none display quite same the level of guarded optimism for the passenger car’s future as Toyota. Two years ago, if you recall, it boldly declared that its new Camry might save the midsize sedan segment. Well, there’s now a new entry in the rose-colored glasses race.
Honda feels that public distrust in the ability of a four-door sedan to carry occupants to their intended destination has pretty much bottomed out. Read More >
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