Already in the midst of a comprehensive restructuring plan with partners Nissan and Mitsubishi, Renault announced a staggering 7.29 billion euro ($8.6 billion) loss on Thursday. That tally encapsulates the first half of the year and marks a new record for the brand, even if it’s not the kind one normally celebrates.

“Although the situation is unprecedented, it is not final. Together with all of the Group’s management teams and employees, we are fully dedicated to correcting the situation through a strict discipline that will go beyond reducing our fixed costs,” new CEO Luca de Meo said in response to the dismal financial report. “Preparing for the future also means building our development strategy, and we are actively working on this. I have every confidence in the Group’s ability to recover.” Read More >

With the historic Pikes Peak International Hill Climb delayed — but miraculously uncancelled — this year, Acura has decided to showboat its updated TLX sedan. While the Type S everyone wants to see take a whack at the course will sit out the competition to serve as the event’s pace car, two gently modified sedans from the 2021 model year will be on hand to dazzle prospective customers.

They may even perk up a few disenfranchised Acura enthusiasts who’ve strayed from the brand.

The prototype TLX Type S comes with the much discussed 3.0-liter turbocharged V6 (355 horsepower and 354 lb-ft of torque) while the more pedestrian racers come with modified 2.0-liter inline-four engine. Those units would have made 272 hp and 280 lb-ft of torque unmolested, but Acura has assured us they aren’t factory spec anymore — giving them an air of mystery, albeit slight.

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Look up the Jeep Cherokee on the brand’s consumer website and you’ll see a lot of trims, but there’s also one you won’t see: Overland. Topping the Cherokee trim ladder, Overland is a well-appointed but under-advertised ride, meaning it’s one you don’t see much of plying local streets or sitting patiently outside the grocery store.

And for 2021, you won’t see it at all. Read More >

Cox Automotive eliminated around 1,600 jobs this month as it prepared to better embrace online commerce (and nobody having any money). The company axed nearly 300 employees in June after having furloughed over 12,000 people in response to the coronavirus pandemic this spring. A large number of those positions were related to its Manheim auction arm, which suffered the hardest due to stringent lockdown protocols that prohibited public gatherings.

Now it’s talking about improving some of the digital features it added to Autotrader this year and embracing the virtual landscape to future-proof itself while forecasting a 25-percent cut in annual profits, and letting people go — with the majority of the layoffs coming to furloughed Manheim employees. Read More >

First, a disclaimer. I appreciate the Mustang and maintain that it belongs on the short list of anyone shopping sub-$50,000 performance cars. However, this is not a Mustang review. This is a Saleen S302 White Label review. Saleen has been a purveyor of modified Mustangs since 1984.

The White Label is the entry offering from their S302 White, Yellow, Black Label range.

At a glance, the S302 White Label’s over-car stripe and copious badging place it in good company with its predecessors. They also put it at risk of presenting as a stripe and sticker package. There are no fewer than 12 Saleen badges on the exterior, 10 on the interior, and one under hood (I may have missed some). A look beyond the badges reveals bespoke 20-inch wheels (20×9.5 front, 20×11 rear) wrapped in ZR-rated rubber tucked neatly into the wheel arches, a relatively subtle high air-flow grill, and a high down-force rear spoiler. In addition to the interior brand reminders are a substantial shift knob on shortened shaft, white-face gauges, Alcantara-trimmed steering wheel, and the obligatory serialized plaque under the passenger side binnacle. Underneath are RaceCraft front and rear springs and sway bar pivot bushings, as well as mildly upgraded brakes. Saleen also adds its PowerFlash calibration, which nets owners a 15 horsepower bump over stock to a new peak of 475 horsepower.

All this comes at about an $8,000 premium over whatever Mustang GT you select. So, is Saleen trading on its racing heritage and hoping some supercar over-boost will sell Mustangs, or has it built a compelling performance proposition? To address this burning question, I sacrificed one long weekend. Read More >

Lincoln’s compact MKC transformed into the Lincoln Corsair for 2020, bringing style borrowed from its big brother Aviator to buyers of lesser means… or wants.

Tagging along a year late, a plug-in hybrid variant will join the Corsair trim ladder for 2021, but a new report suggests it won’t be in plentiful supply. Read More >

It’s true that the once-hot minivan segment was shrinking rapidly even before the pandemic hit. Since then, things have only gotten worse for a vehicle type once seen as the go-to conveyance for growing families.

How bad is it? Our own Tim Cain recently traded in his Honda Odyssey for a shiny new Ridgeline pickup. We were aghast.

Well, this turn of events hasn’t stopped Honda from putting what it feels is its best minivan forward. For 2021, the Odyssey returns with a fresh(ened) face and new content. But can it budge the sales needle when it goes on sale next month? Read More >

That shiny new Lada you’ve always wanted might one day come with an unexpected bit of equipment: an ignition interlock set free by non-boozy breath.

That’s what Russia’s industry ministry would like to see installed in cars before they even leave the factory, but reaching this goal —  like trying to put on a pair of tight-fitting shoes after polishing off a 26er of Stolichnaya —  will likely prove a challenge. Read More >

In the cinematic classic National Lampoon’s Loaded Weapon 1, screen legend Kathy Ireland’s character is asked, under intense police questioning, whether she knows the traitorous General Mortars.

“Well, I drive a Buick,” she responds.

See? This proves the name General Motors confuses people. All the more reason to throw out that dusty moniker and write a new script. Read More >

While negotiating the terms of its bankruptcy with creditors, Hertz has been informed that it can sell 200,000 would-be rental vehicles to help cover its debts.

According to a filing with the U.S. Securities and Exchange Commission (approved Friday in the U.S. Bankruptcy Court in Wilmington, DE), Hertz will be allowed to “dispose of at least 182,521 lease vehicles” between now and the end of 2020. Proceeds will then be used to pay off $650 million it owes lenders, with most funds going toward principal payments on financed vehicles.

With the pandemic knocking out manufacturing for months, this is likely welcome news for buyers eyeballing the secondhand market. Dealer lots are light on fresh product at present and times are getting tougher for consumers, making used vehicles all the more appetizing. Even though former rentals have a tenancy to be abused, they typically to go for a bit less than something living a more carefree existence —  and Hertz will be desperate to offload them quickly.

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Carlos Tavares, CEO of Groupe PSA, believes the secret to mainstreaming electric vehicles may have something to do with the industry being able to sell them at a profit. The French automaker’s boss has expressed concerns about a segment that’s almost entirely propped up by taxpayers — sounds likes someone might have taken a business course before running a multinational automaker!

It’s not that EVs are bad; they’re just too novel to be a bargain. Tavares believes the high development costs associated with newer technologies have effectively made electric cars money-losers without financial assistance from the government. He thinks their ultimate success (or failure) hinges upon finding a way to make them profitable without being perpetually subsidized by the government while reducing the amount of raw materials required for battery manufacture. As a bonus, he hinted that automakers might have juicer R&D budgets if they prioritized spending — hopefully accelerating the process of making EVs a little easier on everyone’s bank account.

“Affordability will be the challenge for the next five years in terms of costs,” Tavares told the Financial Times this week. “Those breakthroughs need to come from real estate, distribution costs, sourcing all the components of cost structure will have to be combined to bring this affordability.” Read More >

A vehicle guaranteed to cause the least possible amount of harm to the planet and its finite resources, hands down, offered up something of a sneak peak on Wednesday.

Make that “vehicles,” plural. The GMC Hummer EV, a beast of an electric pickup due to roll out of General Motors’ repurposed Detroit-Hamtramck plant late next year, will have a sibling: An SUV, as it’s a body style worthy of the reborn Hummer name’s heritage and also the thing Americans WANT.

And check out that spa-sized frunk. Read More >

Following requests from Senator Tom Carper (D-DE) for a formal investigation into whether the Safer Affordable Fuel-Efficient (SAFE) Vehicle Rules proposed by the Trump administration violates the Clean Air Act (or some currently undetermined regulatory requirement that might stop it from coming to fruition), the U.S. Environmental Protection Agency’s Office of Inspector General said it will indeed evaluate the emissions rollback.

As the ranking minority member of the Senate Environment and Public Works Committee, Carper’s opposition to the fuel rollback is to be expected. With politicians unwilling to find common ground and engage in good-faith discussions that might result in some amount of compromise in service to the people, opposition tactics have devolved into partisan lawsuits and trying to halt the new rules over technicalities. Read More >

If you read nothing else about the 2020 Mazda CX-9, let me be clear: this is the first car in which I’ve experienced a llama gnawing on the exterior trim, and yet I didn’t need to make a dreaded phone call to the automaker to explain any unusual damage.

Day 124 since lockdown yielded, for once, a new experience. Rather than our usual day of driving somewhere remote to get away from humanity, we drove somewhere remote to get closer to nature. Well, caged nature, at least, as we trekked to a drive-through safari/zoo in northern Ohio just to break the kids away from YouTube and Netflix for a few hours.

This biggest Mazda not only shed the licks and nibbles of captive animals – the mark from a bison’s horns wiped off with a towel – but it proved a comfortable long-distance hauler with better than expected fuel economy.

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Keeping its lucrative full-size pickup lines chugging along has proved a challenge for General Motors, what with workers in Indiana and Michigan shying away from factories due to COVID-19 testing, contraction of the illness itself, or fear of it.

The problem isn’t solely the domain of big truck and SUV plants. The automaker also has a problem with its midsize pickup plant in Missouri, but a solution is underway. Read More >