There’s no shortage of uncertainty afflicting the auto industry these days, but Hyundai Motor Company is facing 2017 like a tense office worker determined to put on a brave face around its colleagues.
After seeing its 2016 delivery targets swamped by a wave of market reality — and after canning the CEO of its American division for missing his own targets — Hyundai claims the gray skies will clear up in the New Year. (Read More…)
Convertible sales have slid steadily for a while now and “everyday” droptops like the difficult to praise Chrysler Sebring have vanished from the automotive market. With the exception of a few premium options from Germany, fun in the sun doesn’t seem to coincide with daily driving anymore.
With their sales volume now trumped even by impractical, short-ranged electric vehicles, lidless cars are less popular than ever. In fact, America’s most popular convertible isn’t even a car (Jeep Wangler), and today’s remaining open-air options are either performance focused, comically small, or extremely expensive European luxury items. That’s likely to remain the case for some time, considering it took us over a decade to get here. (Read More…)
2016 wasn’t just a disappointing year for celebrities.
After stating that it would place between 80,000 and 90,000 vehicles in the hands of adoring customers before year’s end, Tesla failed to clear the delivery bar it had set for itself. While production numbers crossed the threshold, 2016 deliveries fell short, numbering only 76,230.
Still, the electric automaker — which has set much loftier production goals for the near future — doesn’t seem too concerned. (Read More…)
There are certain inescapable truths in this world: bacon is delicious, man buns should be outlawed, and car dealerships endure a reputation of being a refuge for the ethically bankrupt.
I — like many others around here — am no stranger to witnessing the unscrupulous debauchery occurring on some showroom floors. However, there are exceptions to every rule, and a fledgling dealer in small-market rural Canada puts the lie to the claim that backwards thinking is a trait of all car dealerships. There are bright spots out there, as proven by the team at Truro Nissan.
There’s room at the top at Hyundai Motor America after the sudden firing of CEO David Zuchowski, insider sources claim.
According to Automotive News, Zuchowski, who joined the company as sales chief in 2007 before taking the top job two years ago, didn’t achieve internal sales targets. As such, he’s reportedly out the door, replaced by an interim leader.
It might be hard finding someone to replicate Hyundai’s sizzling post-recession sales performance. (Read More…)
(Update: This story has been updated to reflect new information.)
Not since the dark days of the recession has General Motors had so many vehicles clogging its inventory.
Bursting at the seams with unsold cars (but not trucks or SUVs), the automaker will temporarily turn out the lights at five assembly plants and kill off three shifts in order to bring things back into balance. For thousands of workers, that means the kind of extended Christmas holiday you don’t want. (Read More…)
An evolving lineup that matches consumer demand is the hallmark of any healthy automaker, and Ford has no problem dropping unpopular models.
That’s the message delivered by Joe Hinrichs, Ford’s president of the Americas, who hinted that changes could be in store for the company’s car lineup in the face of a crossover and SUV-hungry marketplace. (Read More…)
Pickup trucks are about as stereotypically American as firearms, baseball, Coca-Cola, and landing on the moon. However, General Motors and Ford don’t want us hoarding all that goodness and plan on exporting their piece of the American pie to the East. The Big Two want to place large American trucks in the hands of upscale Chinese buyers and establish the eminence of a vehicle China currently sees as little more than a tool for farming or construction.
Coincidentally, that is exactly how our love affair with the truck began. (Read More…)
Did you make it out to the stores today? If so, we hope you’ve made it back home free of injuries. If you’re still in the thick of it, perhaps bartering with a stranger you’re a little bit scared of, well, best of luck.
No doubt some of you belong to that ambitious crop of Americans who valiantly fight off a food coma and struggle across floors flick with cranberry sauce, gravy and some sort of mashed root vegetable concoction to find your jacket and car keys on Black Friday morning. The sun hasn’t peeked above the horizon, but there’s deals to be had. You can smell them — that heated seat cushion that plugs into the cigarette lighter, cupholder vape dispensers, you name it — and no threat of long lineups, physical violence or crushing disappointment will deter you from achieving a Black Friday personal best.
So, we want to know: what automotive accessory lured you out of a warm home this morning? (Read More…)
BMW has announced to the world that it wants to increase electric vehicle sales to 100,000 units next year — choosing a figure that is hypothetically possible while remaining statistically unlikely.
Taking all bets.
Burying its loathed “shield”-style grille in the deepest depths of history’s dustbin is a big part of Acura’s plan to reverse falling sales, but product seems to be at least as big a problem as design.
The automaker, which has seen its U.S. sales fall 10.5 percent so far this year, is in the midst of a design pivot, though many feel that the brand needs a bigger shake-up then just a “diamond pentagon” grille. (Read More…)
The skyrocketing popularity of utility vehicles in the U.S. marketplace has left Honda scrambling to catch up with the rapid change in consumer demand.
Production doesn’t turn on a dime just because more Americans want to option of transporting four kids, their stuff, and their sister’s dog. So, as it trims its sales forecast due to a car-heavy product mix, Honda has rolled out a plan to give buyers more of what they want.
It’s also prepared to use boats, if necessary. (Read More…)
Ford Motor Company is finally figuring out the secret to General Motors’ most recent overseas sales success. Chinese shoppers are willing to pay more for a new car than consumers in other countries, but only if it piles on the luxury and, most importantly, prestige.
However, there’s still a long way to go before the Lincoln brand catches up to a surging Cadillac. That automaker only wishes it could find such sales gains in the United States.
Lackluster demand for several General Motors models has forced the automaker to announce shift cuts at two assembly plants, leading more than 2,000 lost jobs.
It’s unpleasant news for autoworkers in America’s manufacturing heartland, but the General hints that four-wheeled saviors are on the way. (Read More…)
Ferrari CEO Sergio Marchionne — who’s also the CEO of some other company — says the Italian automaker’s stable will be full of hybrid technology in three short years.
This isn’t an initiative designed to take Ferrari from red to green. Rather, it’s the only way it can boost sales without running afoul of the law. There’s cash to be made, and Sergio’s on the case.