Volkswagen will invest $900-million and add 2,000 jobs as part of a decision to build their long-awaited mid-size crossover in Chattanooga, Tennessee.
It feels like we’ve known a lot about the 2015 Ford Mustang for years. There have been stories on its alleged weight gain, then stories that suggested the gain wasn’t nearly so bad. Its independent rear suspension makes the idea of serving global markets so much more tenable. Its turbocharged four-cylinder should, on paper, offer a new blend of performance and efficiency.
The oft-rumored Mazda2 RE PHEV, powered by a range-extending rotary engine, may soon become reality, appearing sometime after the next-gen hatch debuts in showrooms between October and the new year.
Buy-here, pay-here lots, traditionally the place to find a vehicle with little, bad or no credit, are facing some stiff competition as of late from new-car dealers offering cheap financing.
The good news? Automakers are enjoying a sales boom in the United States the likes of which haven’t been seen since the Great Recession brought the hammer down, with June 2014 sales alone surpassing those in July of 2006. Should the boom continue, 2014 will close as the industry’s best year in a long time, with over 16 million vehicles sold when the calendar ticks over to 2015.
The bad news? This year may be the last year U.S. sales ever climb this high.
On the strength of rising SUV sales in China, General Motors will likely add production of its next-generation Cadillac SRX in the emerging market in order to better capitalize on said sales.
Perhaps as a result of what Mitsubishi had learned thus far since the introduction of the Outlander PHEV in Europe, Japan and Australia — as well as a MY 2016 redesign — the United States-bound PHEV “will be completely different,” according to both Mitsubishi Motors North America Executive Vice President Don Swearingen and U.S. PR boss Alex Fedorak.
Toyota’s global R&D head Mitsuhisa Kato has little regard for the current crop of EVs, proclaiming the technology to make them viable in his eyes has yet to be invented.
Thanks to high consumer demand for SUVs and light trucks, a number of Detroit Three plants are either shortening their summer breaks or eliminating them altogether.
“If I were to be told that, I’d pass out…It’s not going to be just one generation.”
-Fuji Heavy Industries President Yasuyuki Yoshinaga