General Motors has decided to cut ties with Alphons Iacobelli, the former Fiat Chrysler Automobiles labor relations chief accused of embezzling funds earmarked for worker training. That money is believed to have gone into extensive home renovations, the installation of a pool, personal credit card expenses, the leasing of a private jet, a $350,000 Ferrari 458 Spider, and two Mont Blanc pens worth $37,500 each.

While GM suspended Iacobelli in July (after federal officials charged him for his alleged role in a multi-million dollar criminal conspiracy during his time at FCA), it only recently confirmed his departure from the company.  Read More >

It seems like we’ve been hearing about it forever — that fateful day when China surpasses the United States by every single metric imaginable and forces everyone to drive its cars. While that premonition has already come to pass in some respects, there’s still no overtly Chinese automobiles milling around on North American roads.

However, manufacturers from The People’s Republic have been looking westward for a decade. I can recall BYD Auto, along with other Chinese firms, having a booth in the basement of the North American International Auto Show way back in 2008. They weren’t there because they had nothing better to do — they were there to size up the competition and let America know they were coming. Of course, nothing happens overnight and Chinese automakers have been a little busy converting their domestic market into the world’s largest. But the time for westward expansion is fast approaching.

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Mini has revealed an ultra-streamlined logo that will begin appearing on the brand’s cars by March of 2018. Abandoning the three-dimensional model as the automaker’s official mark, the new crest isn’t any more exciting but does looks a bit more contemporary.

The new emblem actually made its debut on the Mini EV Concept in late summer. At the time, it wasn’t clear what the purpose of the new logo was. For all we knew it could have been a way of differentiating electrified models from the company’s main lineup, or simply be a way to further streamline the battery-driven concept. Instead, it’s to be the replacement for the old logo and will crop up in all the automotive locales one would expect: the hood, tailgate, steering wheel, and key fob.

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After a year of good news (McDonald’s all-day breakfast came to Canada), it seems only fitting that 2017 will end in tears.

The Chevrolet Cruze, one of a shrinking number of models in which one can easily find a manual transmission, appears set to lose that option after the 2018 model year. As the owner of a manual-shift Cruze, no words can ease the pain. Read More >

You’ve probably heard all the brouhaha lately about “net neutrality” and its recent demise at the hands of Ajit Pai and the FCC. In my opinion, it’s a more complex issue than the multi-million-dollar avalanche of spam support suggests. (You can read more of that opinion here, if you like.) But it does raise some very interesting questions regarding monopolies, infrastructure investment, disruption, and opportunity costs. Some of those questions might be worth considering in the auto-industry context.

The proponents of Net Neutrality believe that your Internet Service Provider should be treated like a public utility or a public-supported railroad. But there’s a flaw in that argument: in most cases, the infrastructure owned by your ISP was built with private funds for private ends. Should that infrastructure be regulated like a utility even though it didn’t start that way?

Let’s expand this heretical line of thinking to something highly applicable to the car biz: Tesla and its dealership problem.

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Last week we introduced a new series to TTAC called Buy/Drive/Burn. A rather comprehensive set of instructions (and an example) was given in order to prepare you for the upcoming entries into our new game. If you haven’t read that primer, go do so now. This week is the first real entry for Buy/Drive/Burn and, like the example post, we’re sticking with luxury.

Your three options to purchase, borrow, and set on fire are all luxury coupes costing over $100,000.

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After a relative lull in product introductions, Cadillac has a pipeline of new vehicles ready to boost the brand’s fortunes. Or so the General Motors division hopes.

In early 2016 Cadillac launched the XT5 crossover and CT6 sedan, following it up with a refreshed XTS in late 2017. Next year brings bigger news in the form of the XT4 compact crossover, with at least one other crossover waiting to plug another hole in the brand’s utility lineup.

But what about Cadillac’s older sedan lineup — the one that’s not bringing in anywhere near the passenger car volume the brand once enjoyed? There’s a long-range plan to deal with that, but first the company has some careful surgery planned. Read More >

Just like Ram’s revamped 1500, there’s an all-new Chevrolet Silverado 1500 and GMC Sierra pickup lying in wait for the 2019 model year. And, also like the Ram, General Motors plans to keep an old version of its full-size truck kicking around for buyers not interested in something new.

The news comes by way of GM’s Vehicle Identification Number (VIN) decoder document, recently submitted for 2019 model year vehicles. In the GM truck stable, it isn’t just the Silverado line that’s getting a new addition. GMC wants some of the same old-truck action Chevy’s having. Read More >

Uber Technologies Inc. received quite a bit of publicity when it purchased autonomous semi truck developer Otto in 2016. Still, it saw even more headlines when it became embroiled in a trade secrets lawsuit with Waymo. That case involved files obtained by Anthony Levandowski, former Google engineer and co-founder of the self-driving truck company, who was accused of selling confidential data to Uber (along with his business).

The bad news is that Uber now the subject of a federal investigation and knee-deep in the aforementioned litigation. But the good news is that it appears to have scored a really sweet deal on Otto.  Read More >

Lordy, PR-speak can be offputting. Nevertheless, the newly single Polestar — cast off from Volvo Cars to become its own electrified performance brand under the Geely corporate umbrella — is heading straight to the United States.

The U.S., not surprisingly, was chosen as an initial launch market for the brand, along with China (every electric car maker’s dream market), Germany, Norway, Sweden, and the Netherlands. What form will the rollout take? Let’s just say there’s going to be a lot of interaction. Physical interaction. Read More >

This morning’s Question of the Day was all about all-wheel drive and which models could stand a dose of four-wheel traction. So far, no one’s talking about the Nissan Versa Note.

Nissan, however, is more than happy to talk about the fact that its upcoming Kicks subcompact crossover will arrive with power relegated only to the front wheels. Hardly a brawny setup for a high-riding vehicle, but the automaker doesn’t seem to care much about the buyers it might be leaving behind. Toyota, on the other hand, harbors lingering regrets over its entry in the B-segment class, the C-HR. Read More >

American investment manager and short-seller extraordinaire Jim Chanos claims Tesla is “headed for a brick wall.” Having deemed the automaker as structurally unprofitable, Chanos said, “Three years ago, this company was supposed to be making money [today]. And now, it’s supposed to be making money by 2020. I’m guessing by 2019, we’ll hear about 2025.”

However, while Tesla has taken on massive amounts of debt to ensure its evolution as company, investors haven’t seemed to mind. Its stock price has climbed from $33 a share in 2013 to almost $380 in September of 2017. As a short-seller, Chanos says he’s lost money on the company in the past since the stock price never seems to go down, and that’s what he finds the most alarming.

“Nobody is buying Tesla stock based upon the current business,” he said. “It’s all based on the future and the hope for half-a-million to a million Model 3s per year.” Read More >

The previous-generation all-electric Nissan Leaf (technically “LEAF,” but that acronym sends my MacBook Air into a snit befitting Peter Frampton), with toenail clippings for headlights and a face only a mother could slug, has historically done very well for itself, selling well over 100,000 units in America since its introduction eight long model years ago.

For 2018, the Japanese automaker set out to prove an all-electric car doesn’t have to look like a science experiment. In the past, new models were denoted by the holy trinity of longer, lower, and wider. In the EV sphere, that trio takes the form of longer (range), lower (charge times), and wider (infotainment screens).

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It wasn’t the elegant S90 sedan or oddly seductive V90 wagon that heralded Volvo’s return to the top of its game — it was the earlier XC90 SUV, specifically the upright and self-assured second-generation model.

Now that it’s no longer the newest vehicle in the stable (thanks to a product surge fueled by Chinese dollars, it’s quickly becoming the oldest), the XC90 enters 2018 with an extra dose of value. Read More >

Four officers from the Detroit Police Department pleaded guilty to extortion charges this week, with another two being indicted, after receiving bribes from body shops looking for stolen and abandoned vehicles obtained by the city. Federal investigators have been looking into the scheme, which involves shops collecting thousands of dollars from insurance companies for unnecessary repairs, for well over a year.

The accused officers are believed to have reported stolen or abandoned vehicles to a single towing company, rather than police dispatch. From there, the towing service would pay them a $50 to $100 “finders fee” before notifying the car’s owner that it had been stolen and sustained unspecified damages. Fortunately, the towing service always knew of a repair shop that would “waive the deductible.”

The cars were then stripped so the claims adjuster could quote the vehicle for thousands of dollars in damages.  Read More >