Roughly 8,000 U.S. dealers will share in a $335 million payday resulting from a colossal 2010 antitrust investigation. The issue? Suppliers were involved in a widespread price-fixing scheme that lasted decades, and nobody noticed until the FBI raided the offices of Yazaki North America Inc., Denso International America Inc. and Tokai Rika Group North America.

In the end, 65 individuals and 47 companies were charged by the Justice Department — resulting in over $2.9 billion in fines and jail time for a swath of fresh white-collar criminals.

However, none of that money made it to manufacturers, dealers, parts retailers, or consumers. Those players had to resort to filing civil suits in federal court against the companies. In 2012, the multitude of claims were consolidated and transferred to Judge Marianne Battani and the U.S. District Court in Detroit. Over $1 billion has been set aside for affected parties, with around $335 million of the sum going to dealerships.  Read More >

Patience, as we’ve been told, is a virtue. Therefore, the most virtuous individuals occupying the ball of mud we call Earth must be the Tesla faithful currently awaiting their pre-ordered Model 3 sedans. The speed of the vehicle’s launch has been sedate, to say the least. Tesla Motors finds itself plagued by production bottlenecks, which hasn’t helped the already long wait times facing those who dropped a sizable wad of bills just for the privilege of eventually owning its latest model.

However, the lengthy intermission between launch and ownership doesn’t appear to be diminishing their love for the company — a testament to the brand’s difficult-to-tarnish image. Fans of the automaker seem content to wait it out in tranquility like Siddhartha Gautama under the tree of enlightenment.  Read More >

Unbothered by the constraints of space and time, Elon Musk took to Twitter yesterday, breathlessly announcing a press conference for Thursday. Is the call’s topic set to address Model 3 production troubles? Or, perhaps, provide some insight into the supply chain woes at the Gigafactory? No, dear reader, nothing so mundane.

It’s to announce the Tesla semi truck, which is surely the most urgent topic and best use of resources at Tesla these days.

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Faraday Future has issued a strange response to the criticism surrounding its most recent high-profile “staffing adjustment.” Last week, news broke that the startup automaker’s chief financial officer, Stefan Krause, left the firm in October — forcing media outlets to play catch up. When the information made its way to The Truth About Cars, we dug back into Faraday’s current condition and reported that things were still a mess at its California headquarters.

Unwilling to let the automotive media monopolize the conversation, Faraday released a response letter. In it, the company accuses Krause of being fired for “dereliction of duty” and said it would be taking legal action against him. It’s the first time the startup had updated its media page in months and is a peculiar reaction to a staffing change that, at the time, seemed like the least of Faraday’s worries. Read More >

It’s hard to go anywhere without hearing it. Co-workers whispering at the water cooler, long waits at the drive-thru window while the staff argues amongst itself. It’s hard to get a word in edgewise.

People are talking about Mitsubishi.

If you’ve called #fakenews on this, well, you’re right. But that isn’t to say no one’s talking about the down-on-its-luck automaker, which recently saw salvation at the hands of the Nissan-Renault Alliance. There’s more vehicles coming to the threadbare brand and, while the company’s focus remains on lucrative SUVs, that doesn’t mean Mitsubishi won’t flesh out the lineup with something traditional. Read More >

U.S. sales of midsize cars plunged 16 percent to fewer than 130,000 units in October 2017, the lowest-volume month for the midsize sedan category since the winter doldrums of January.

For almost every player, from the forgotten Mazda 6 to the recently revamped Hyundai Sonata to the all-new Toyota Camry, there were fewer U.S. buyers in October 2017 than in October 2016. In most cases, far fewer. Hyundai Sonata volume plunged 49 percent, year-over-year, as Hyundai pulls away from daily rentals, clarifying just how little retail demand the Sonata truly musters. Double-digit percentage drops were also reported by the Kia Optima, Subaru Legacy, Volkswagen Passat, and Mazda 6.

But the sharp October tumble wasn’t reserved for each member of the midsize category. Newly launched this fall, U.S. sales of the 10th-generation 2018 Honda Accord predictably improved in October, driving Honda’s share of the segment up four points to 21 percent.

It’s a familiar story. Read More >

America loves its pickup trucks, evidenced by a segment that’s increased nearly 5 percent compared to the same time last year.

Sure, many trucks across the nation haul nothing but air in their beds, but more than a few actually work for a living. Nissan is attempting to lure both parties into its showrooms by adding a couple of new option packages to its trucks – one for work and one for play.

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From the depths of the recession to 2016, Nissan’s U.S. volume doubled — from a six-year low of just over 689,000 vehicles in 2009 to over 1.4 million last year. Not a bad track record for any automaker.

However, as the sales landscape cools off after the post-recession boom, Nissan’s new leader feels it’s a better idea to hold a steady course, rather than gunning the sales throttles to meet a pre-selected sales target. In fact, those targets are now a thing of the past. Read More >

Over the weekend, Chevy unveiled the chest-thumping Corvette ZR1, the fastest and most powerful production Corvette the world has ever seen. That they chose to hold the reveal of this great American nameplate in Dubai says a lot about current world affairs.

Regardless of its debut city, we’ll enjoy the fact we live in a world where one can purchase a 755 horsepower Chevy with a factory warranty. Certain corners of the internet weep into their Ovaltine about “the good old days,” hemming and hawing over the superiority of muscle machines from the ’60s and ‘70s. They were great cars, to be sure, but today’s gonzo levels of horsepower have us wondering – and asking you – where’s the upper limit for factory hot rods?

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Honda Motor Co. is planning to install another round of replacement airbag inflators that have been improperly installed under an earlier recall. Unsurprisingly, these are Takata units and represent an expansion of an earlier recall from September that had also been incorrectly fixed. In both cases, the issue only affects passenger-side airbags.

The previous recall dealt with the 2008-2012 Accord, 2010-2012 Crosstour, 2006-2011 Civic, 2007-2011 CR-V, 2009-2012 Fit, 2010-2012 Insight, and 2009-2012 Pilot. The new fix will add another model to that list.  Read More >

Despite President Trump giving Toyota significant praise for its continued investment in the United States last week, the success of the automaker’s production plans hinge on the continuation of NAFTA — something the Commander in Chief has been vehemently opposed to since his well-before his inauguration.

Toyota and Mazda’s $1.6 billion factory is anticipated to yield 150,000 Corollas annually and free-up assembly facilities in Mexico that would build the Tacoma pickup. However, if the North American Free Trade Agreement is dissolved, anything produced south-of-the-boarder could be subjected to the chicken tax. Were that to happen, Toyota would be placed into quite a predicament and faced with high import taxes on any trucks it had hoped to ship to the U.S. Read More >

It’s a near-silent swan song for a duo of electrified Ford models. The Ford C-Max, which debuted in late 2012 in both hybrid and plug-in hybrid form, hit its sales peak during its first full year on the market, declining every year since.

As Ford Motor Company shakes up its U.S. production landscape — ironically, to bolster production of trucks and SUVs — the ungainly-looking C-Max is on its way to the cemetery. The automaker has confirmed the ceasing of production of the C-Max Plug-in, with the Hybrid variant to follow in the middle of next year. Read More >

Last week, Ferrari CEO Sergio Marchionne expressed his distaste for what he perceived as a less-than-desirable update to Formula One’s engine rules. He even suggested the brand might remove itself from the sport if Liberty Media doesn’t reconsider some of its proposals for 2021.

“I understand that Liberty may have taken these into account in coming up with their views,” Marchionne said. “But I think it needs to be absolutely clear that unless we find a set of circumstances, the results of which are beneficial to the maintenance of the brand, and the marketplace, and to the strengthening of the unique position for Ferrari, Ferrari will not play.”

Still in the midst of discussions, Formula One took time to defend itself against Ferrari’s claim that the new rules would make it the global equivalent of NASCAR. Read More >

Honda has been on a bit of a teasing streak lately, showing us a brace of great concepts unveiled by Honda at the Frankfurt and Tokyo Motor Shows – concepts which may or may not evolve into anything we can buy on this side of the pond. Rumors also floated around about a little brother being created for the NSX. Adding fuel to that particular fire, patents were discovered for the latter.

As it turns out, those patents were absolutely real and a baby NSX is on its way… as a driveable machine in the Gran Turismo video game.

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A car styled by the Italians and built by the Japanese — the combination everyone says they want. It’s rear-drive, a coupe, and has luxury trappings in the finest Italian tradition. It was so expensive when it was new that most people couldn’t afford to look at it. All these qualities make this a Rare Ride you are required to like. Required, do you hear me?

It’s the Nissan Autech Stelvio Zagato AZ1, and you’re going to look at it.

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