Tag: Industry

By on April 12, 2021

bronco

If you have Bronco on the brain, you may find yourself buying one from a store that stands separate from your local Ford dealer.

(Read More…)

By on April 2, 2021

CarMax DealerYesterday, used-car giant CarMax announced it finalized a deal to acquire automotive consumer advice site Edmunds, in a deal worth just over $400 million.

CarMax promises it’s magnanimous, and that Edmunds and its advice will operate independently of CarMax and its sales.

(Read More…)

By on March 16, 2021

Electric-truck startup Rivian has signed the lease for its first showroom in New York City and has selected one of the trendiest spots in Brooklyn. Once known for its high crime rate, Williamsburg has undergone three decades of gentrification and is now awash with luxury retailers normally reserved for the swankiest parts of Manhattan. In the 1990s, the neighborhood was still rough around the edges but had started to become ground zero for the East Coast hipsters, starving artists, and young musicians who gradually influenced its trajectory. The next three decades saw Williamsburg moving steadily upward with rental prices keeping pace. Riverside warehouses were replaced with high-rise hotels, the average household income closed on six figures, and dog parks are situated conveniently near designer ice cream shops.

It’s now the perfect place for a showroom dedicated entirely to electric vehicles, especially one that seems like a merger between Tesla Motors and REI.  (Read More…)

By on February 27, 2021

volvo emblem logo grille

Despite having already having Volvo Cars as one of its many subsidiaries, China’s Geely signaled roughly a year ago that it wanted to merge with the brand as part of its strategy to expand globally. Plans changed on this week when the company announced that the duo will be retaining their independent corporate structures, though they will continue working on a joint development program for electric vehicles.

This means more backing for the Lynk & Co. brand, a technology-focused joint venture Geely launched with Volvo in 2016. Lynk is hoping to bridge the gap between traditional vehicle sales and subscription-based models, while also pioneering telematics and other connected services that look like an invasion of privacy to some and a technological breakthrough to others. Regardless, the industry as a whole seems convinced this represents the evolution of the automobile and a stable source of revenue for companies capable of monetizing large amounts of data — often with the help of the world’s largest technology firms.  (Read More…)

By on February 16, 2021

Japan was struck by a 7.1 magnitude earthquake over the weekend. The Fukushima and Miyagi prefectures were hit the hardest, offering a physical reminder of the 9.0 magnitude quake that devastated the region in 2011. Scientists have claimed that Saturday’s tremor was actually an aftershock from the horror show that occurred a decade earlier.

While still a large systemic event, authorities aren’t reporting widespread injuries or even damages. However, many citizens were left without power and numerous industrial facilities were idled for inspection. This includes automakers, with Toyota making an announcement that it will be stalling nine factories for several days this week. Though only some of that time is needed for safety assessments. The automaker is fretting over a batch of suppliers that were impacted by the quake and is anticipating a parts shortage.

(Read More…)

By on January 11, 2021

Kia

Kia Motors America is looking for a new number two behind Sean Yoon, president and CEO of Kia Motors America, because as reported by Automotive News, COO Bill Peffer quit one week into the job.

(Read More…)

By on December 15, 2020

The Alliance for Automotive Innovation (AAI) is proposing a national strategy for the United States it claims will help keep the country competitive. However, the AAI represents automakers, parts suppliers, and technology firms around the globe — making this more of a plea to U.S. policymakers and the industry to remain laser-focused on electrification, connectivity, and vehicular automation. It’s pitching its preferred global strategy, not some custom strategy for helping the U.S. achieve dominance because it’s telling the European Union and Asia the exact same story.

Elsewhere, the eight-part plan is being touted as an invaluable tool to help guide America back toward automotive relevance. But here, we remain skeptical.

(Read More…)

By on December 3, 2020

 

off-road retailer

SEMA, the Specialty Equipment Market Association, has released its Fall 2020 State of the Industry report, which denotes the health of the automotive aftermarket despite the disruption caused by COVID-19. This report provides companies with the information needed to make good business decisions, not to put a positive spin on a time of uncertainty.

(Read More…)

By on July 30, 2020

Image: Lada

That shiny new Lada you’ve always wanted might one day come with an unexpected bit of equipment: an ignition interlock set free by non-boozy breath.

That’s what Russia’s industry ministry would like to see installed in cars before they even leave the factory, but reaching this goal —  like trying to put on a pair of tight-fitting shoes after polishing off a 26er of Stolichnaya —  will likely prove a challenge. (Read More…)

By on July 29, 2020

2016 Honda Accord Sport Six-Speed Manual Shifter, Image: © 2016 Jeff Jablansky/The Truth About Cars

It looks like the problem isn’t the damn kids. Well, not in this instance.

The problem is us keyboard jockeys; the corpulent shrimp-eaters of the world.

Clearly, our bitching and moaning hasn’t gotten us anywhere. (Read More…)

By on July 16, 2020

Auto plants across the U.S. are a beehive of activity as workers (and their bosses) seek to make up for lost time. The two-month coronavirus shutdown drained inventories, yet the virus that sparked the unprecedented closure of workplaces across the nation hasn’t gone away.

As you read yesterday, the ongoing pressures reportedly forced one Detroit-based automaker to take desperate measures just to keep the taps running. So Detroit Three automakers probably reacted with trepidation after hearing the U.S.’s most car-heavy state isn’t afraid to pump the brakes once again. (Read More…)

By on June 3, 2020

2020 Chevrolet Silverado logo badge

They’re still out there, just not in the same concentration as before. Two weeks after the U.S. auto industry restarted production in force, long-term, no-interest loans are becoming as hard to find as Lysol wipes.

At General Motors, which wooed many a truck buyer with zero-percent/84-month financing during the coronavirus lockdown, the good times seem to be over for buyers. However, some lucky individuals might be saved by timing. (Read More…)

By on May 15, 2020

Once upon a time, it was expected to find the driven wheels of a car aft of the rear seat. In this writer’s recollection, the coming of winter would see the addition of a few bags of concrete mix or sidewalk salt added to the trunk for extra traction. Most pickups, usually of the wholesome regular cab variety, boasted the same setup.

Eventually, front-wheel drive replaced RWD as the go-to way to put power down, while in the background four-wheel drive gathered steam.

Would it surprise you to learn that the majority of 2020 model-year vehicles sold in the U.S. thus far eschewed front- or rear-drive? (Read More…)

By on May 4, 2020

Image: General Motors

It’s something we’ve touched upon in the recent past: the fact that, in these pandemic times, a private vehicle is the safest way to get around (from a contagion standpoint). It seems we’re not the only one to rethink the attributes of a personal car. Japanese driving schools are suddenly doing a booming business. Cars.com reports a sudden surge in non-car-owning visitors.

According to data accumulated from numerous countries, automakers could find a slew of newfound buyers once the strictest lockdown measures end. (Read More…)

By on May 1, 2020

Tesla, if you haven’t heard, posted a first-quarter profit on Wednesday — a slim one, to be sure ($16 million), but black ink nonetheless. Compare that to the likes of much larger automakers like Ford. Of course, Tesla waited longer to shut down its sole American assembly plant, and it can chalk up its surprising financial buoyancy to hundreds of millions of dollars of emissions credits sold to rival automakers with far dirtier footprints.

While Q2 is widely expected to be a bad one for all involved, including Tesla, the electric automaker might see a silver lining from the coronavirus pandemic. (Read More…)

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