Category: Industry

By on November 30, 2020

 

Millennials. Image: Fractal Pictures/Shutterstock.com

Forget all you’ve heard about Millennials (24-39 years old) and their disdain for automobiles. COVID-19 has changed that, as 31 percent of those without a car intend to buy one in the next six months, and 45 percent of them are Millennials.

EY, a global leader in assurance, tax, strategy, and consulting services, and a member of Ernst & Young Global Limited, issued their 2020 EY Mobility Consumer Index, surveying over 3,300 consumers across nine countries. Thirty-one percent of the respondents who don’t own a car plan to buy one in the next six months, while 20 percent that already own a car say they would be open to buying another vehicle. Both groups said that one of their principal reasons to purchase is the pandemic.

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By on November 23, 2020

It’s been five weeks since I opined VW should cancel the Arteon and the North American Passat, and replace both with the European Passat instead.

Late last week, Volkswagen complied with part of my request. They must read TTAC!

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By on November 17, 2020

If you think the political class is interested in what kind of policies citizens would like to see implemented, you’ve clearly never heard of lobbying groups. While we’re stuck at home writing thoughtful letters to congressional interns in the faintest hope that they’ll be dictated to a senator, corporately supported lobbyists are taking legislators out to dinner so they can discuss how best to govern on a single issue. They’re important in determining the trajectory of the nation but many get criticized for placing the needs of the business over that of the individual voter.

Buckle up, because we’re getting another one. On Tuesday, the Zero Emission Transportation Association (ZETA) held its own coming-out party and announced its mission to advocate for “national policies that will enable 100 [percent] electric vehicle sales throughout the light-, medium-, and heavy-duty sectors by 2030.”

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By on November 16, 2020

As we reported about a month ago, the NHTSA was sniffing around the Chevrolet Bolt due to a small number of fires which occurred in the EVs while they were parked.

Now after launching its own internal investigation, GM is issuing a recall of the vast majority of Bolts produced.

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By on November 11, 2020

ford logoAs we reported a couple of weeks ago, Ford is set to debut its new E-Transit electric van tomorrow. An announcement was made yesterday regarding the Transit’s production location. And the new van brings along some cash, and jobs as well.

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By on November 10, 2020

Joe Biden. Shutterstock user lev radin

Car Twitter was abuzz on Saturday, as eagle-eyed automotive journalists noticed a bunch of brand-new vehicles, mostly Jeeps, in the front row of the socially-distanced acceptance speech by Joe Biden that marked his being voted president-elect of the United States

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By on November 2, 2020

Carvana dealership, Image: CarvanaAs other used car retail outfits like Shift go public in an attempt to grow their number of stores and break into the (lucrative?) used-only dealership market, established player Carvana has a different issue on its hands: There just aren’t enough used cars to buy these days.

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By on October 27, 2020

Mercedes-Benz has been committed to building many of its vehicles in North America for some time, and has bestowed an important and ultra expensive new version of the GLS upon its plant in Alabama. At around $200,000, it will be the most expensive passenger vehicle produced in the United States. It’s an on-trend holiday gift for your spouse in The Current Year!

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By on October 26, 2020

Fiat Chrysler and PSA Group are reportedly in the homestretch of their $38 billion merger deal and on the cusp of becoming Stellantis  the planet’s fourth largest automaker by volume. The plan is to join forces to help absorb the monumental cost of developing alternative energy vehicles (like EVs) without losing any brands or shuttering any facilities that weren’t previously marked for death. We’re inclined to believe it when we see it, however, as the duo are also targeting an annual cost reduction of 5 billion euros (about $5.91 billion USD).

It also hasn’t been a smoothest of regulatory rides. After spending years hunting for the perfect partner, FCA and PSA had to adjust the terms of their existing deal to contend with losses incurred as a result of the pandemic response. But it all seems to be fine now and the European Commission has given approval and that’s what matters in finally getting this deal done.

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By on October 26, 2020

A small group of drivers are suing Uber over repetitive in-app messages from the company about Proposition 22, a ballot initiative it would very much like them to support. Considering the deluge of political messages you’re undoubtedly getting on your own cellular device, you’re probably sympathetic to their plight. There are few things more annoying than being constantly reminded about an election nobody seems capable of shutting up about — especially when they can’t seem to get your name right.

But Uber likely crossed a line with its employees. While political action campaigns can inundate you with the most obnoxious and misleading election information, your employer isn’t supposed to. These drivers are claiming Uber violated their employment rights by trying to get them to support a ballot measure it has a vested interest in every time they checked their mobile device to hunt for a fare.

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By on October 23, 2020

Jim Farley. Image: Ford

Car Twitter is a weird, wonderful online “place”, but sometimes bad takes bubble up. And there’s a double-whammy of bad takery floating around this afternoon.

Take number one: Ford CEO Jim Farley is taking an unnecessary risk by racing cars that could hurt Ford should an accident leave him dead or too injured to work/lead the company, according to some experts interviewed by the Detroit Free Press for a story by Jamie LaReau.

Take number two: The Freep and/or Jamie are dumb for publishing/writing this article.

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By on October 23, 2020

Seen by some as a moral imperative, electrification is swiftly changing the dynamics of the automotive industry. While automakers spend billions of dollars developing EVs and securing the necessary partners, many are becoming dependent on a handful of companies in Asia for the all-important battery cells needed to power the damn things. It’s gotten so serious that the U.S. government has taken an interest following a December 2019 report from the Institute for Defense Analyses that claimed battery manufacturers had taken on an “outsized importance” in the automotive sector.

It also said the United States would be at a distinct disadvantage if there are supply shortages  which is something that has already happened and is presumed to worsen as more electric vehicles flood into the market over the next few years. The automotive industry is pushing hard into electrification as governments around the world attempt to plot out an elaborate plan to supplant the internal combustion vehicle with EVs. But there are concerns that this has stacked the deck for a small number of suppliers from China, South Korea, and Japan.

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By on October 22, 2020

GMC

You likely know that lead times in the automotive industry are long when it comes to developing new or significantly redesigned models.

You also likely know that one of the reasons for the long lead times is that automakers spend a lot of time testing prototypes, putting untold numbers of miles on test mules on public roads, at dedicated proving grounds, and in harsh weather environments.

Yet, the newly introduced GMC Hummer EV is just beginning to undergo testing.

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By on October 21, 2020

GMC

So, you liked that new GMC Hummer EV you saw last night, either on these pages or during the World Series. You want one, and you’ve got the scratch to plunk down over $110K and the patience to wait for the first builds a year from now.

Well, if you’re planning to reserve a Hummer EV Edition 1, if you snoozed, you lost.

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By on October 21, 2020

2021 Toyota Camry XSE black - Image: ToyotaThe Toyota Camry may well go down as one of the ultimate soldiers in the American automotive marketplace: shooting straight despite distractions, marching forward undeterred by the terrain, somehow finding small victories when the losses are mounting, always ready to carry new recruits on its shoulders.

Somehow, amidst all of the recent economic turmoil and political unrest, and healthcare crises, the Toyota Camry’s U.S. sales trendline is outperforming the market at large while also embarrassing its direct rivals.

In one sense, the Camry’s just doing what the Camry’s always done. Winning.

In another sense, the Camry’s doing the unexpected. It’s winning at a point in time when everyone else seems to be losing, at least to some degree, and it’s winning in a major way just as its specific category approaches an inflection point. Is the midsize sedan segment, broadly speaking, on its last legs? Or is a post-shutdown pandemic performance like the Camry’s indicative of a midsize-sedan segment that’s finally set to round the corner? Read More >

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