#NewsBlog

Volkswagen is reportedly pausing plans to build a battery plant in Eastern Europe so it can prioritize construction in the United States. Though the situation could be more accurately described as VW notifying EU officials that the U.S. is offering an estimated €10 billion in US incentives as part of the Biden administration’s Inflation Reduction Act (IRA).

It’s not the first time something like this has happened. Volkswagen similarly delayed decisions on where to build a battery plant in December of 2022, telling EU leadership that the Czech Republic, Hungary, Poland, and Slovakia all looked good – but that it wanted to consider its options. This time around, it’s being a little clearer by stating that the U.S. is offering sweeter subsidies and tax incentives than what’s available to Europe.

We return to our Lincoln Mark series today, and the newly Panther-tized Mark VI coupe and sedan. We’ve already examined the exterior differences between Marks V and VI, as Lincoln designers attempted to replicate the successful looks of their late Seventies PLC with much less length and width available. Design freedom was additionally hampered by new platform sharing with the 1980 Continental, for which the Mark VI basically served as a top trim. Today we’ll check out the Mark’s newly modernized interior.

Following news that the European Union had delayed voting on the prospective banning of the internal combustion engine, Porsche and Ferrari have reportedly been doing their utmost to encourage exemptions for synthetic fuels. Presented as an alternative to gasoline and diesel, “e-fuels” would theoretically allow the automakers to continue selling traditional engines while offering fuels they claim would be less harmful to the environment.

However, cutting through the industry rhetoric on this will be important. Despite assurances that synthetic fuels would reduce greenhouse gas emissions, there are a lot of lingering questions about e-fuels.

On Monday, Rivian announced a plan to sell $1.3 billion in bonds as a way to cope with rising production costs.

The news comes just days after the company addressed rumors that it might build as many as 62,000 vehicles through 2023. Despite credible reporting, Rivian said its official production forecast remains set at the original 50,000 electric vehicles by year’s end.

The National Highway Traffic Safety Administration (NHTSA) has said it’s investigating exactly how Zoox managed to certify its autonomous vehicles for use on public roads. Though the agency may want to take a look in the mirror after issuing lax regulations on what companies are allowed to publicly test.

While the Hyundai Ioniq 6 has retained quite a bit from its conceptual precursor, some of the most interesting aspects of the Prophecy EV failed to carry over. The production Ioniq 6 looks less like the Phantom Corsair the concept had been channeling and more like a remastered Citroën DS – which isn’t necessarily a bad thing.

Gone are the pixel tail lights, the flowing, seamless bodywork, and abundant minimalism that made the concept feel like a modern interpretation of the futuristic notions swirling prior to World War II. Also absent are the twin joysticks Hyundai envisioned the model using as its primary controls. However, the manufacturer may not be through with those just yet, since there’s apparently a U.S. patent filing for them.

Following an extended production pause of the all-electric Lightning pickup, Ford has signaled its intention to boost production through the rest of 2023 – especially when it comes to its most in-demand models. While it’s undoubtedly wise for Blue Oval to ensure it can build enough vehicles to satisfy demand, the automaker is also trying to turn around any perceptions that it might be falling behind with EVs. Meanwhile, Ford is providing itself with an opportunity to preemptively dunk on General Motors after news broke that the rival automaker would walk back full-size pickup production to “ maintain optimal inventory levels.”

The United States Postal Service (USPS) has announced an order for over 9,000 all-electric vans from the Ford Motor Company – presumably to help settle some of the drama surrounding the selected replacement for the venerable Grumman LLV.

The European Union is reportedly finding itself in a difficult position ahead of prospective bans on vehicles utilizing internal combustion engines. Germany has threatened to block the agreement, pulling what can only be described as the classic switcheroo in exchange for favorable conditions.

German manufacturers are attempting to market synthetic fuels as a viable and environmentally sound alternative to standard gasoline or diesel. Regulators influenced by the automotive sector are now pressing for the EU to make special exceptions for so-called “electrofuels” before the combustion ban can be finalized – with Italy likewise suggesting it would reject the emission rules everyone agreed to last year.

With production pauses becoming commonplace during the pandemic, automakers realized they could effectively starve the market while demand reached dizzying highs that allowed the industry to trim overhead and forego factory incentives. Unfortunately, this also meant consumers were given less choice and often had to pay more – whether or not they found what they wanted on dealer lots.

Many automakers have stated that they won’t be going back to robust vehicle inventories and would instead continue attempting to run lean in order to maximize profitability. With exactly that in mind, General Motors has opted to suspend production at its Fort Wayne, Indiana truck assembly facility. The pause will last two weeks (impacting the Chevrolet Silverado and GMC Sierra) and help the company “maintain optimal inventory levels.”

Remember a few years ago when just about every automaker was promising that self-driving would become publicly available by 2020? Well, they’re hoping you didn’t because a few of them are starting to issue new claims that vehicular autonomy is once again less than a decade away.

While “hands-free” driving systems that require you to remain constantly vigilant (in case you need to take over) have become the new hotness, Mercedes-Benz said it’s planning on selling a version that will qualify as truly self-driving by 2030. But there are caveats to that claim pertaining to specific traffic conditions – meaning it’s still not actually going to be SAE Level 5.

The number of U.S. vehicle owners who are more than 59 days behind in their auto loan payments was 26.7 percent higher at the end of 2022 than they were at the end of 2021. This is due to a myriad of factors. Car payments have gotten larger, loan terms have increased, inflation has devalued the currency, and subprime borrowers are finding themselves on the wrong end of a widening wealth gap. 

While automotive repossessions declined during the pandemic, mainly due to lenders offering amnesty periods, they’ve likewise spiked through the end of 2022. This trend is assumed to continue, setting up a lot of business for repo men. However, Ford Motor Co. has patented a system that would effectively make vehicles unresponsive to drivers that have missed a few payments. Meanwhile, automobiles boasting the latest advanced driving technologies could allegedly repossess themselves. 

Alfa Romeo will reportedly be electrifying with Giulia sport sedan with the top-trim Quadrifoglio boasting 1,000 horsepower according to CEO Jean-Philippe Imparato.

The 2024 Hyundai Avante has debuted for the Korean market, likely foreshadowing updates for its North American counterpart – the Elantra.

Alert readers may recall a series of hiccups that have befallen the all-electric Ford F-150 Lightning so far this year, including a battery fire in a truck that was parked in a holding pen near company facilities. Ford is obviously working feverishly to fix any problems. One roadblock on the road to repair might involve words this author rarely gets to type: Industrial espionage.