U.S. car buyers wandered onto dealer lots in healthy numbers in September, but only because automakers heaped a record pile of cash on the hoods.
So lofty was the snow-capped peak of incentives required to move vehicles last month, it easily exceeded the previous record set in late 2008, when car buyers lived in boxes and sold old shoes on Craigslist to afford the downpayment. (Read More…)
Mini has revealed what form its new hybrid will take.
That, the e-tron name lives on in Audi’s first dedicated electric SUV, Unifor squares off with Ford, and hype man Elon Musk reschedules his alleged big announcement … after the break! (Read More…)
Ford was supposed to start rolling out their 2017 Super Duty trucks much earlier than they eventually did. The holdup, attributed to a parts issue, is over, but Ford isn’t out of the woods yet.
Rodney Janes, UAW chair for the affected Louisville truck plant, told The Wall Street Journal it would be “impossible to build all the lost units” that were held up during this summer’s parts snafu. (Read More…)
It’s increasingly looking like 2015 will be a high-water mark for U.S. auto sales, with September sales stats showing a cool-down in the new car market.
Faced with a long-predicted slump — the duration of which is still anyone’s guess — and growing competition over remaining market share, automakers have boosted incentive spending to its highest level since the depths of the recession. (Read More…)
Earlier this year, Ford Motor Company claimed 100 miles of electric range was just fine, then turned on a dime and said no, no, that’s not right at all.
The about-face on EV range came from CEO Mark Fields, who couldn’t have helped but notice the insane demand for Tesla’s Model 3 after it launched at the end of March. Now, the automaker wants to get serious about electrics with a two-car Model E line, Autocar reports. (Read More…)
The dialogue from Tesla wasn’t all rainbows and puppies this week.
In oddly coordinated diatribes, CEO Elon Musk and his vice-president of business development took off the soft driving gloves and laid into their competition and the country’s regulators. The message? Put up, pay up, or shut up. (Read More…)
Nissan is closing in on its goal of owning 10 percent of the North American market, but it opened itself up to plenty of risk along the way.
The surging automaker beat rival Honda in sales during the first half of this year, but only because of boosted incentives and increased fleet sales, Bloomberg reports. Big volume doesn’t always mean big profits. (Read More…)
Business is about to get much more expensive for automakers with thirsty fleets.
The penalties leveled by the National Highway Traffic Safety Administration against automakers who miss their annual corporate average fuel economy (CAFE) standards are about to go up in August. Way up. (Read More…)
Jaguar’s design chief just broke the hearts of that tiny, tiny group of enthusiasts who were holding out for a new Jaguar wagon.
Ian Callum threw an ice cold pot of tea onto speculation that the British automaker would offer a wagon version of one of its new sedans, telling a group of auto journos in London that they were done with estate cars, Automotive News Europe has reported.
The reason for this has a lot to do with why Callum and the journalists were in the same room. The event concerned the 2017 Jaguar F-Pace, the automaker’s first crossover SUV. (Read More…)
The Napleton Automotive Group of Illinois tread a well-worn path to its lawyers yesterday, this time filing a suit against Volkswagen for damaging its business model.
Three Volkswagen dealerships owned by Napelton filed the suit, which seeks class-action status, alleging the automaker’s diesel emissions scandal amounts to “criminal racketeering,” Automotive News has reported.