According to the report, the Cupertino, California-based company has labeled the car a “committed project” but stopped short of saying that the car would be delivered to consumers by 2019. The report only indicates that the car could be ready for consumers, finalized or conceptualized by engineers by 2019.
Notwithstanding Remy’s hugely popular Saudis in Audis rap video, it appears that Saudi Arabian King Salman and his entourage prefer Stuttgart and Detroit to Ingolstadt.
The King and his retinue arrived at Andrews Air Force Base on Thursday, flying in on four Boeing 747 airliners for a state visit with President Obama. A fleet of Mercedes-Benz S Class sedans, Cadillac Escalade SUVs, a couple M-B Sprinter vans and what looks like one International school bus were awaiting Salman and his attendants. Carol Lee, the White House correspondent for the Wall Street Journal tweeted out the photo above. (Read More…)
Wall Street Journal columnist Holman W. Jenkins (great name) slammed Consumer Reports for its glowing review and better-than-perfect score for the Tesla Model S P85D, in part, because the $127,000 car still qualifies for a government tax break.
“Prostitute is not too strong a word,” he wrote. “… (Consumer Reports) is shilling not only for the car but the government policies that subsidize it.”
Jenkins takes aim at the state and federal tax incentives still available for the vehicle — which are going away in many places — and at the magazine for hyping its review so heavily, and subsequently giving it away for free on its subscription-based website. (Read More…)
Our beloved Ed Niedermeyer is back in the Wall Street Journal with another op-ed, entitled “Welcome To General Tso’s Motors”. I’m sure you can all figure out the gist of it. Check it out here. Anti-GM-bias police, grab your defibrillators.
Volvo’s target is the lower end of the Lexus, BMW, Audi and Mercedes lines… Most experts consider the cars made by these companies engineering marvels. And Volvo, a Swedish marque with Chinese ownership, is another manufacturer that does not have the model line, marketing budget or dealer network to hope to compete.
It’s the kind of mistake that only a blogger (said with a contemptuous sneer) would make. The Wall Street Journal reports that
“U.S. regulators rated a new Chrysler Group LLC compact car with highway fuel-economy of 41 miles a gallon, a move that fulfills a key element of the company’s 2009 federal bailout and cleared the way earlier this year for majority owner Fiat SpA to increase its stake in the Detroit auto maker.”
Reports in the Swedish media have Consortium Jakob AB still in the running to snatch Volvo from Geely. But hiring investment bank Morgan Stanley as collaborators must have spooked Geely — FoMoCo’s “preferred bidder” — and the Chinese automaker has upped the ante with some grand plans for Volvo. Geely is promising to sell no fewer than 1 million Volvos annually within four/five years.