Well, they’ve announced pricing for the non-hybrid models, anyway. Apparently putting a value on positive and negative electrons takes a bit more time. Nevertheless, we now know precisely the amount that will be hoovered from your bank account to get into a new-for-’22 Tundra.
As you’d expect, it’s a jump from the old truck.
Volkswagen CEO Herbert Diess has been facing off with the company’s German workforce for weeks over the changing nature of the business. VW vowed to transition itself toward an all-electric lineup following the 2015 diesel emissions scandal. But the necessary steps to get there haven’t been universally appreciated.
The general assumption has always been that electric vehicles would result in massive layoffs across the industry by nature of their needing fewer parts than internal combustion vehicles. But Volkswagen seems worried that it’s falling behind smaller rivals and needs to take decisive action to make sure it’s not outdone by firms operating in the United States and China. The proposed solution is an industrial overhaul designed to fast-track VW’s electrification goals. Unfortunately, German labor unions are convinced that this plan would incorporate massive layoffs and have become disinclined to offer their support. The issue worsened in September when Diess told the supervisory board that a slower-than-desired transition to EVs could result in 30,000 fewer jobs. Read More >
The 2022 Volkswagen Golf R remains a potent backroad weapon – almost too potent.
I came to this conclusion while driving part of North Carolina’s famed Rattler highway. The Golf R, one of the hottest of hot hatches, was making me feel a bit like a superhero thanks to stout brakes, the ability to shorten straightaways, and firm and accurate steering that allowed me to place the wheels exactly where I wanted/needed them to be.
And all this while I was driving relatively conservatively because I was on a public road. Imagine this car unleashed on a track.
After its successful introduction in the Twenties, an Airflow-shaped misstep in the Thirties, and a return to its earlier formula in the latter part of that decade, big changes were in order for the new Imperial of the 1940s.
Michigan’s Orion Assembly will be taking three weeks of downtime this month as General Motors continues addressing the fire recall pertaining to Chevrolet’s all-electric Bolt.
The automaker notified employees that the facility will see production idled from November 15th through December 3rd, though vehicle assembly won’t resume until the 6th. However the plant is already running on a diminished schedule so staff can assist with maximizing LG battery output and offer additional support related to the recall. Read More >
General Motors seems bent on preparing some of its existing facilities as supporting players for future programs. The company has announced a $46 million investment in the metal stamping operation in Parma, Ohio, a town located about 20 minutes south of Cleveland that has nothing to do with the tasty cheese one puts on their pasta.
While hammering away at his keyboard in preparation for publishing this post, it dawned upon your author that The Right Spec for any new vehicle these days is – thanks to the chip shortage and a myriad of other supply problems – whatever resides on the lot. Or at least doesn’t have an exorbitant markup placed on its sticker.
Why are we profiling a family sedan this week? Because there are still swaths of Americans, believe it or not, who’d rather have this type of machine in their driveway than yet another SUV to add to the line of vehicles in the school pick-up line. And as for why the K5, in particular, was selected – well, let’s just say we hope to start an argument in the comments.
Hyundai Motor Company has revealed teaser images of the Ioniq SEVEN, an all-electric SUV concept scheduled to debut at AutoMobility Los Angeles later this month. The model is supposed to preview the automaker’s future design and technology innovation as it transitions toward electric vehicles, potentially previewing the upcoming sport utility vehicle to be added to the brand’s Ioniq lineup. Though it doesn’t resemble the Ioniq 5 all that much and we were under the impression that was the model foreshadowing the brand’s upcoming EVs.
No matter. Hyundai has a lot of uniquely designed models that share just enough to make it apparent that they’re still part of the larger family and most of what we’re seeing of the SEVEN concept is of its comfy, cozy interior. These teasers really make you want to curl up inside the SEVEN with a Tolstoy novel and a blanket to see how long you can get by uninterrupted. Read More >
Ford Motor Co. has announced a cash tender offer to repurchase up to $5 billion of the company’s high-yield debt in the hopes of rebalancing its budget after needing to borrow so much during the back-to-back-to-back production shutdowns incurred since the start of 2020. The automaker is retiring as much of the $8 billion in bonds the company issued at the start the coronavirus pandemic as it can and will be doing the same for some older bonds issued at similarly high rates (over 8 percent annually).
However this will be used to make room for environmental, social and corporate governance (ESG) initiatives and establish a “sustainable financing framework” the automaker said would be a first for North America. Ford clearly believes social governance investments will become increasingly routine and is attempting to showcase itself as one of the kinder, more forward thinking, and environmentally responsible multinational industrial concerns. Sort of like a fully armed M1 Abrams tank painted with peace symbols and hippie daises. Read More >
A captive lending arm can be a major source of profit for automakers. After all, keeping that paper in-house instead of farming it out to a third party permits some of that sweet interest-driven revenue rolling on a monthly recurring basis. Why else did most of us, for many years during GMAC’s heyday, refer to General Motors as a finance company which just happened to sell cars?
Following several years of shacking up with Santander in order to offer financing for their customers, Stellantis has bought F1 Holdings Corp., an outfit that is the parent of Texas-based First Investors Financial Services Group. Now they’ve spent $285 million in this all-cash transaction, Stellantis is no longer the only major automaker in America without a captive finance arm.
In our last edition of Buy/Drive/Burn, we considered the Mazda Protegé, Mitsubishi Mirage, and Subaru Impreza sedans from 1998. Most of you preferred the Protegé as your Buy of the three. Today we fast forward to the same offerings in 2008, and see if things shake out differently.
While the concept of mobility has often turned out to be a buzz phrase used by executives unsure of where to place hypothetical revenue streams and burgeoning technologies, it has simultaneously yielded a handful of enterprising business premises with the potential to stand on their own. Nuro, the American robotics company fielding pint-sized delivery drones, is among them and has made a case for itself by eliminating humans from the equation entirely and providing unique scenarios for its services.
The startup has been getting a smattering of positive attention since its formation in 2015 and recently raised $600 million during its latest funding round, bringing its valuation to an impressive $8.6 billion. Read More >
Nissan-owned Infiniti has opted to merge marketing, public relations, and social media oversight into a single position. Framed as a promotion for Wendy Orthman, the brand’s current global head of communications, the management shift takes place shortly after former General Manager Global Brand and Marketing Phil York decided he had better things to do in Europe. But it really just seems like the company figured out a way to roll three jobs into a single paycheck.
Effective today, Orthman will be assuming the freshly minted title of general manager of Global Integrated Brand, Marketing and Communications. According to the automaker, the position combines the roles of a chief marketing officer and head of communications while also providing oversight for Infiniti’s social media and public relations. Read More >
Have you ever played the Florida Man birthday game? It’s simple enough – you type “Florida man” into Google, followed by your birthday, then read the headlines. Hilarity ensues (“Half-Nude Florida Man Wearing Underwear Marked ‘Breathalyzer, Blow Here’ Arrested for DUI,” is mine, in case you’re curious). But there are a few other “Florida Man” headlines you might find interesting, from an automotive perspective. Headlines like, “Florida Man Builds World-beating Supercar”.
Following claims that Tesla’s “Full Self Driving” beta caused some vehicles to experience erroneous forward collision warnings and the automatic emergency braking system stopping cars for no discernable reason, the manufacturer has filed a probable fix with the National Highway Traffic Safety Administration (NHTSA).
The recall encompasses 11,700 equipped with FSD beta software version 10.3 that was released on October 23rd. While Tesla says that the vast majority of the vehicles selected to test the new code were already fixed via over-the-air updates, 0.2 percent of the whole still had not been issued a fix as of October 29th. Affected cars include every Tesla model ever made, provided it’s from the 2017 model year or later. Read More >
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