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Fiat Chrysler Automobiles has released the first official images of the 2017 Jeep Compass, the solitary model replacing both the original Compass and its slab-sided Patriot compatriot.
Say goodbye to the flag-waving Patriot name, as this is a world model, and global Jeep customers are more familiar with the Compass name. Fittingly, the small SUV’s coming out party was held at its Goiana, Brazil assembly plant. Read More >
As U.S. customers await the unannounced Santa Cruz-like sort-of ute they’ve been promised for some time, Australia is getting traction from Hyundai on a genuine midsize pickup.
Following much lobbying from down under, Hyundai Australia’s chief operating officer Scott Grant told Car Advice that company brass in South Korea are slowly coming into agreement on the need for a bona fide pickup, but fans will have to be patient. Read More >
The diesel emissions scandal can’t be blamed for all of Volkswagen’s sales woes.
Today, the automaker announced first-quarter profits fell 86 percent compared to the same time last year, not surprising given its sidelined diesel models, the hit to its reputation, and a hastily cobbled together $18.2 billion scandal fund.
Worldwide sales of Volkswagen passenger cars fell 1.3 percent (year-over-year) this quarter, but the scandal doesn’t tell the whole story. That number would have been in positive territory if select countries weren’t grab-your-money-and-get-out economic disasters. Read More >
Yesterday’s news that Nissan will buy a 34-percent controlling stake in Mitsubishi for $2.2 billion was the latest win for Carlos Ghosn, the man behind the Renault-Nissan Alliance of 1999 and possessor of many fingers in many pies.
Ghosn, CEO of both Nissan and Renault, inked the agreement with Mitsubishi as the other automaker battles a misleading gas-mileage scandal. At a price of 468.52 yen/share, Ghosn’s purchase of new shares was a smoking deal. Mitsubishi shares traded for 1,100 yen just last December.
What becomes of the two companies now? And how will Ghosn’s world-straddling empire benefit by snapping up beleaguered Mitsubishi? Read More >
Nissan Motor Company wants to buy a controlling stake in Mitsubishi Motors, according to a report by the Japanese broadcaster NHK.
The deal would see Nissan invest 200 billion yen ($1.84 billion) into the scandal-plagued automaker, giving Nissan control, Bloomberg reports. Read More >
The Ford Mustang is currently the best-selling sports car in Germany and in many other European countries. Sales are so strong that allotments for official importers are usually sold out for the rest of the year and customers are flocking to gray importers, who offer cars at higher prices and without factory warranty.
What made Europeans go crazy for a pony car all of a sudden? Is something changing in European tastes, or is the new Mustang just that good? And why can’t other American cars make it in Europe? Read More >
The Jeep brand is Fiat-Chrysler’s biggest money maker, so it’s no wonder that CEO Sergio Marchionne is scattering factories around the world like a sailor’s offspring.
The company’s head honcho outlined his business plan for the brand in an interview published by Automotive News, and it involves no longer having to make a “Sophie’s Choice” decision with Jeep output. Read More >
Volkswagen unveiled a full-size SUV concept vehicle in Beijing that looks awfully production ready.
The T-Prime Concept GTE introduced at that city’s annual motor show previews the design direction of Volkswagen’s future SUV, revealing an emphasis on elegance and sportiness.
Last week, Volkswagen teased a photo of the concept alongside a list of specifications, leading us to speculate that the vehicle could become a future Touareg. Now, the automaker claims it will offer a vehicle similar to the concept as a new entry in an expanded SUV lineup. Read More >
Four General Motors assembly plants in the U.S. and Canada will be closed temporarily due to supply chain disruptions caused by last week’s earthquakes in Japan.
The automaker announced today that four plants — Spring Hill, Tennessee; Lordstown, Ohio; Fairfax, Kansas; and Oshawa, Ontario — will be idled for two weeks starting on April 25. Read More >
More autonomy is coming to North American Volkswagen operations, thanks in part to dealer protests calling for exactly that.
Today, Volkswagen established a new North American Region (NAR) encompassing Canada, the U.S. and Mexico, headed by no-longer-interim Volkswagen Group of America president and CEO Hinrich J. Woebcken (who replaced departing CEO Michael Horn in March). Read More >