- Tesla says China unit head Wu resigns – Reuters: U.S. electric car maker Tesla Motors Inc said on Friday its China president, Veronica Wu, has resigned, without giving a reason for her departure.
- Tesla’s China president resigns after less than 9 months in post – Automotive News: Tesla Motors said its top manager in China is leaving the company after less than nine months in the position.
- BELGIUM: Ford union vows to block “even a screwdriver” leaving Genk – Just-auto: Socialist union ABVV, says it will do everything its power to stop “even a screwdriver” leaving Ford’s Genk factory in Belgium, as news emerges of talks between the automaker and Punch Metals imploding.
- Ford Adds Former FCC Chairman Kennard to Board – Yahoo:
- Infiniti Teases Q60 Coupe Concept – thedetroitbureau.com: Despite a few classic show car details, like the microscopic sideview mirrors, we’re likely to be seeing the new Infiniti Q60 Concept again in the not too distant future as the planned replacement for the Japanese maker’s current two-door line.
- Car sales surge as Russians look to shield savings from crisis – Via Google News: After dropping by at least 10 percent in October 2014, car sales in Russia were back at … Experts attribute the sudden desire to buy cars to the falling ruble. … of the AEB’s Automobile Manufacturers Committee Joerg Schreiber said.
- Falling Oil Prices Push Venezuela Deeper Into China’s Orbit – Yahoo:
- Chrysler to add 179,000 vehicles to air bag recall – Freep: The automaker are acting after demands from U.S. safety regulator who say the air bags could explode with too much force.
- RUSSIA: Consumers flock to durable goods as rouble falls – Just-auto: Parts of the Russian market are disposing of their income through the purchase of goods in order to preserve financial value as the rouble comes under increasing pressure.
- Ford dumps Microsoft for Blackberry – CNN: Ford upgrades Sync system that spanned customer complaints, replacing Microsoft operating system with one from Blackberry.
- Rules rather than consumers drive fuel-efficiency gains – Yahoo: [at Financial Times] – When the annual North American International Auto Show starts next month in Detroit, the effect of falling fuel prices will dominate conversation. But executives presenting new models will still be touting …
- Cheap fuel powers big car sales in US – FT: Demand for SUVs and pick-up trucks surges but fuel economy worries take the back seat
- NYC & Chicago mull Uber-like taxi apps – CNN: Uber and Lyft could be getting some fresh competition from Chi-town, the Big Apple.
- Aston Martin raising £150m for new models – FT: UK-based carmaker plans sport utility vehicle in bid to redefine the luxury 4×4 market
- THAILAND: Volvo starts shipping UD brand trucks to South Africa – Just-auto: Volvo has started shipping UD brand trucks to South Africa from Thailand.
- SWITZERLAND: Nissan’s Europe sales reach 60,155 units in November – Just-auto: Nissan has announced European sales for November of 60,155 units, for a market share of 4.1%.
- SOUTH KOREA: Chrysler to launch Jeep Renegade in H2/2015 – Just-auto: Chrysler will launch its new Jeep Renegade in South Korea in the second half of 2015.
- Renault working on basic small hatchback concept – Autocar: Renault has created a secret concept that points to the future of its small car range, but it is unlikely ever to make it out of Renault’s innovation centre in Paris. Renault is working on a basic supermini in the same vein as the likes of the Citroën C4 Cactus.The concept car is called the ‘Value Up’ and adopts a similar cost-saving approach to the new SUV-like Cactus, aiming to be lightweight, efficient and cheaper to produce.It is built on a new platform, which is set to underpin Renault’s future small cars. At 3.8m long, the concept would sit between the Twingo and the Clio in the range.
Archives for 2014
Friday morning car news roundup, December 12, 2014
Thursday morning car news roundup, December 11, 2014
- SWEDEN: “Nine lives” NEVS at 8.9: FKG MD – Just-auto: Scandinavian automotive supplier body, FKG, is welcoming the latest potential for National Electric Vehicle Sweden (NEVS) to secure further investment following the automaker’s reorganisation extension announced today (11 December).
- Daimler brings Kallenius on board – FT: Mercedes-Benz executive to take charge of marketing and sales as German carmakers shuffle top teams
- SWEDEN: New NEVS reorganisation approved to “get things in order” – Just-auto: National Electric Vehicle Sweden (NEVS) says it has until 2 March to “get things in order” as it secures a latest approval to extend reorganisation.
- $2 Gas Could Crush Toyota U.S. Sales – Yahoo: [at 24/7 Wall St.] – Makers of hybrid and electric cars never saw $2 gasoline prices coming. Some of the most popular cars in America could see sales erode considerably.
- CHINA: Sales up 2.3% in November – Just-auto: New vehicle sales in mainland China rose by 2.3% to 2.09m units in November, from 2.04m units in the same month of last year, according to the China Association of Automobile Manufacturers (CAAM).
- Trucks, SUVs Dominating $50,000 Price Point – thedetroitbureau.com: The perception of what constitutes a “luxury vehicle” may be changing, according to TrueCar. Trucks and SUVs will take six of the top 10 spots for vehicles costing $50k or more: a segment more closely associated with German luxury cars than trucks.
- $2 Gas Could Crush Toyota U.S. Sales – Yahoo: [at 24/7 Wall St.] – Makers of hybrid and electric cars never saw $2 gasoline prices coming. Some of the most popular cars in America could see sales erode considerably.
- Honda hiring supplier auditor as Takata airbag crisis grows – Automotive News: Honda, the automaker at the center of a global auto-safety crisis, is seeking to hire a senior quality engineer who would lead audits of suppliers’ quality assurance.
- UK: Land Rover introduces augmented reality ‘showroom walk-around’ – Just-auto: Tata Motors’ Land Rover has unveiled augmented reality (AR) technology ahead of the launch of the Discovery Sport, the Freelander replacement, bridging the gap between the announcement and vehicles arriving in showrooms. The technology will be available at all 117 dealers in the UK.
Tesla under water soon? Company looks for “diver support system” experts
Yesterday, the Daily Kanban did cast doubts on the technical prowess of Tesla’s alleged game-changing lane-changer, the overpromised “Autopilot.” This assessment was based on a discussion with intelligent vehicle system experts, who said that systems of much higher sophistication would be required for an automatic lane-changer. It now appears as if Tesla has decided to do the necessary research. [ There is more … ]
“Mahindra buys Saab brand.” No, it doesn’t
Yesterday, Financial Times reported that “Mahindra & Mahindra, India’s leading sport utility vehicle maker by sales, plans to buy a majority stake in the parent company that owns Saab’s brand.” Slight problem: It’s not true. “Mahindra is set to take a majority stake in NEVS, in the process acquiring the Saab brand,“ the FT continues. Not true again. NEVS, as in “National Electric Vehicle Sweden” was started in 2012, when a murky Chinese “electric-vehicle consortium” bought what little was left after Saab went bankrupt. The consortium soon found out that it bought a factory, and some tooling, but no Saab brand. [ There is more … ]
Tesla’s Tough Road Ahead
The Tesla bears are on the march, tearing away at the startup EV maker’s still-sky-high valuation, but not because low oil prices are killing off EVs. Quite the opposite, in fact. As I explained in last week’s Bloomberg View column, falling oil prices will not kill off alt-energy drivetrains for a wide number of reasons, most importantly because it’s one of the few ways to stand out in a sea of commodified internal-combustion engine-powered cars. Though automakers could easily plan a low-efficiency product cycle in response to low oil prices, they are keeping the technological arms race going. And that is Tesla’s real challenge: not a decline in EV interest, but strong competition from established players with more experience building vehicles at scale. [ There is more … ]
Tesla’s game-changing, lane-changing Autopilot? “Currently, there is no radar on the market that can achieve that,” Toyota engineer says
Two months ago, Tesla launched its Model D. Not quite a new car, not even a refresh, but the webs went wild. The Model D sports an extra electric motor, and a sensor package. Any other automaker, and such non-news would not even elicit a yawn from the press, save for a few snarky blogs that would torture the maker for not delivering the software for the hardware. Come to think of it, no automaker would dare to deliver hardware sans software, for fear of getting their derrieres handed to them. Tesla is unlike any automaker. As a Silicon Valley company, Tesla has marketing rights to vapor ware. The Model D was feted like the second coming of the Model T, and it was pronounced as equally, if not more disruptive to the industry than the mass-produced Ford.
Musk’s acolytes expected a self-driving car from Tesla, and they were given what they wanted to hear: The Autopilot. The official feature-list of The Autopilot is surprisingly feature-less. Currently, it offers exactly nothing, except for some “exciting long-term possibilities. Imagine having …” Then, a list of imaginary stuff follows that would have made Ford/Microsoft’s derided Sync system look worse. The listed exciting long-term possibilities, even those, are completely devoid of anything even remotely autopiloting.
The media came to Musk’s assistance, and made the missing Autopilot up. The members of the gadget press quickly reduced The Autopilot to a “smart lane-change system which will automatically move across a lane when you hit the blinker,” as Slashgear wrote. Not quite an Autopilot, but hey, good enough.
Trouble is: You won’t find the game changing lane-changer in Tesla’s Model D description, not even under “long-term possibilities.” Smart move on Tesla’s part, because it’s not going to happen. The hardware package renders the presumptive Autopilot blind.
Wednesday morning car news roundup, December 10, 2014
- Will cheap gasoline hurt Tesla? – Automotive News: Tesla Motors Inc. customers are rich enough to buy luxury cars whatever the cost of a tank of gasoline. So the oil rout may not hammer the stock for long.
- Sheet Thin Batteries: The future Of Auto Industry – Via Google News: Sheet thin batteries, the automobile technology in new cars, can also be recharged by connecting it to a solar panel. Going by the current rate of…
- US: UAW lauds VW Global Works Council support for Chattanooga – Just-auto: America’s UAW labour body is hailing the support of Volkswagen’s Global Works Council in setting up greater dialogue with the automaker in Tennessee, although it appears to be still some way short of establishing a formal union.
- GM’s Opel to take control of German parts centers – Yahoo:
- Honda issues stop-sale on some Acura TLX sedans that could roll away – Automotive News: Honda Motor told dealers in the United States to stop selling some of its Acura TLX sedans because the parking lock may fail to engage, the latest quality shortcoming at the automaker after President Takanobu Ito took a pay cut.
Black Friday Deals Behind The Chrysler 200’s Hot Sales
After years of having to put a brave face on what everyone knew was just an updated Sebring, Chrysler’s 2015 200 was supposed to be the brand’s bold return to the midsized segment. Reviewers gave mixed-to-positive reviews, all concluding that the new 200 is a definite step up from the old model. Sales were up over 150% Year-Over-Year in November… so has Fiat’s CUSW platform made Chrysler competitive in the hotly-contested midsized sedan segment?
As the numbers above indicate, probably not. According to national sales data from TrueCar’s website, only the cheapest model of the new 200 (LX FWD) is selling close to MSRP ($68 above, actually). Every other trim of the new 200 is selling at deep discounts, despite having launched just this year. In fact, consumers spent less on average for the second level (Limited FWD) than the base trim, and average discounts for the top trim reach nearly $4,000. Though it’s impossible to know what the average of these averages is without knowing the sales mix, the fact that the typically loss-leading lowest trim is the only one maintaining any pricing discipline, its clear that this brand-new car is buying market share in hopes of appearing successful. Given that Edmunds says the Chrysler brand as a whole averaged a 20% discount in October, it’s clear that FCA’s attempt to transform Chrysler into a mass-market offering is not going to be a gimme.