On Monday, automakers around the world will discuss the new car and brand launched by China’s Geely. In their Monday morning meetings, they will be blasé about the car, only to complain how they were unexpectedly upstaged by a Chinese automaker while they are still trying to wrap their balding heads around the strange habits of smartphone-wielding millennials.
Archives for October 2016
Thursday morning car news roundup, October 20, 2016
Top News:
- Hyundai opens new China plant – Just-auto: Hyundai Motor has opened its fourth manufacturing plant in China in the city of Cangzhou in north eastern China. The new plant, Beijing Hyundai Motor Company Cangzhou Branch, has an annual capacity of 300,000 units.
- VW works council says still away from cost-cut deal with management – Reuters: Volkswagen’s labor leaders said they were still quite a bit away from an agreement with management on cost cuts and strategy for the main autos division.
- VW brand chief eyes 3.7 billion euros of cost cuts by 2021: sources – Reuters: Volkswagen is targeting about 3.7 billion euros ($4.1 billion) of cost cuts at its core car brand by 2021 as it wrestles with labour leaders over a turnaround plan, sources said.
Wednesday morning car news roundup, October 19, 2016
Note: Bertel Schmitt is traveling this week, to be back at his desk on October 25. Outages of the morning news feed are very possible. Please peruse the Dailykanban Newsbot in the sidebar. Thank you.
Top News:
- Nissan to name CEO Ghosn as chairman of Mitsubishi Motors: Nikkei – Reuters: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends the company’s annual shareholder meeting in Paris April 30, 2013.
- Honda to build seventh assembly plant in China – Just-auto: Japan’s Honda Motor confirmed it is finalising plans to build a new passenger vehicle assembly plant in China in partnership with its existing local…
- Volkswagen challenges sister brand Audi with new China-only model – Reuters: REUTERS/Damir Sagolj/File Photo. 1/2. left … Audi first rose to prominence in China as the vehicle of choice for government officials and some of its …
Tuesday morning car news roundup, October 18, 2016
Top News:
- Tesla says Model 3 deliveries for new bookings in 2018 – Reuters: Elon Musk’s Tesla Motors Inc said on Tuesday customers placing new orders for Model 3 cars will be able to take deliveries only from 2018.
- Tesla Says Newly Reserved Model 3 Delivery to Start Mid-2018 – Bloomberg: Tesla Motors Inc. said buyers who place new orders for Model 3 vehicles can expect to begin receiving deliveries as soon as mid-2018, with…
- VW Judge Says He ‘Strongly’ Favors $14.7 Billion Accord – Bloomberg: U.S. District Judge Charles Breyer in San Francisco said he is “strongly” inclined to approve the settlement requiring VW to buy back cars with 2.0-liter…
- U.S. judge ‘strongly inclined’ to approve VW buyback settlement – Reuters: A federal judge in San Francisco on Tuesday said he is “strongly inclined” to approve a record-setting $10.033 billion proposed buyback and compensation offer from Volkswagen AG for 475,000 owners of polluting 2.0-liter diesel vehicles.
- VW Judge Says He’s ‘Strongly’ Leaning Toward Approving Accord – Bloomberg: U.S. District Judge Charles Breyer in San Francisco said he “strongly” favors the settlement requiring VW to buy back cars with 2.0-liter diesel engines…
- Tesla Extends Delivery Date of Model 3 for New Reservations – WSJ: Tesla has said that 373,000 Model 3s were reserved. Tesla this week posted the later delivery schedule for new reservations on its website, which…
- Jeep plots large range expansion with smaller and larger SUVs – Autocar: Buoyed by the success of the Renegade crossover, the go-anywhere brand is plotting a more comprehensive line-up
- Tesla Model 3 deliveries pushed back to ‘mid-2018 or later’ – Autocar: Around half a million orders for Tesla’s mass-market electric car appear to have pushed back delivery times; orders now equate to more than $14 billion of implied future sales
- Are These VW’s Electric Cars of the Future? – Detroit Bureau: Set to reach market no later than 2020, the VW ID will be the first of 30 battery-electric vehicles from the German maker as it shifts from its familiar,…
- Barra made Clinton’s long working list for VP pick – Automotive News: General Motors CEO Mary Barra was listed among 39 potential candidates to be Hillary Clinton’s running mate in a hacked email released today by WikiLeaks.
- Tesla quietly pushes back delivery estimate for new Model 3 orders to mid-2018 or later – CNBC: Members of the media photograph a Tesla Motor Inc. Model 3 vehicle that is displayed outside the company’s Gigafactory in Sparks, Nevada, U.S.,…
- A grown-up with edge: Honda’s retooled CR-V and what people are saying – Automotive News: Honda’s fifth-generation CR-V features more space, horsepower, refinement and, perhaps most importantly, a volume knob. Here’s what people are saying about the 2017 Honda CR-V.
- Safe bets, bloat and hockey sticks: The 2017 BMW 5 series and what people think – Automotive News: BMW has revamped the 5 series for the 2017 model year with many technical and communications systems borrowed from the 7-series bin. The new, slightly larger 5 series is set to go on sale in February.
- I tried (and failed) to co-drive for World Rally legend Markus Gronholm – Autocar: An attempt to give two-time WRC champ Grönholm directions around a San Marino stage unfortunately doesn’t reveal hidden co-driving talents
- Buick on Target for New Sales Record with 2 Months to Go – Detroit Bureau: For a brand that came close to being shut down six years ago, Buick is showing solid signs of good health, the maker today reporting it has topped the 1 million sales mark in record time with more than two months of the year left to continue burnishing the total. More from TheDetroitBureau.com.
- Batteries May Trip ‘Death Spiral’ in $3.4 Trillion Credit Market – Bloomberg: Battery technologies starting to disrupt the electricity and automobile … While hybrid and battery-only cars are making slow progress in denting sales…
- Canadian Union Sets Deadline for Ford Negotiations – Detroit Bureau: Ford is the last of the three automakers to negotiate with the Canadian auto workers union, Unifor. These talks are likely to be the most contentious due to the two-tiered wage system. Find out the pitfalls at TheDetroitBureau.com
- Ford slows output at four assembly plants – Just-auto: Escape sales were off 12% last month, the just-auto data showed, with YTD growth under 1%. Fiesta volume plunged almost 40% with YTD sales…
- Car of the Future Doesn’t Come Cheap – Bloomberg: As driving becomes automated, electric motors displace combustion engines and cars are crammed full of gizmos, the companies supplying all that..
With Trump’s Implosion, U.S. Employees Of Japanese Automakers Can Breathe Easier
There is something positive about Donald Trump’s gropergate scandal: With Trump’s chances of becoming POTUS seemingly down the toilet, 1.5 million Americans no longer live in fear of losing their jobs provided by Japanese automakers.
If you did bring yourself to watching Trump’s recent debates, you walked away thinking that America has two prime foreign enemies, namely ISIS and Japan. As a result, writes the LA Times, “perhaps no U.S. ally is as anxious and befuddled about the prospect of a President Trump as Japan.”
Monday morning car news roundup, October 17, 2016
Note: Bertel Schmitt will be traveling this week, to be back at his desk on October 25. Outages of the morning news feed are very possible. Please peruse the Dailykanban Newsbot in the sidebar. Thank you!
Top News:
- Agency that vetted Tesla’s Autopilot for Europe concerned about the name – Reuters: The Dutch agency that approved Tesla’s “Autopilot” driver assistance system for use throughout Europe is concerned the name could be misleading, a spokeswoman said on Monday, after Germany asked the company to stop using the term in advertising.
- BMW i8 roadster confirmed for 2018 – Autocar: The BMW i Vision Future Interaction concept previews how the roadster could look
- How Apple Scaled Back its Titanic Plan to Take on Detroit – Bloomberg: Alphabet Inc.’s Google learned the challenges of building its own vehicles and has sought partners. Its car project has also suffered departures.
- VW deals down US diesel legal costs – report – Just-auto: Volkswagen AG has agreed to pay lawyers representing US owners of 475,000 diesel vehicles just over half of what they were seeking in fees and…
Friday morning car news roundup, October 14, 2016
Top News:
- Carlos Ghosn and UK prime minister have ‘productive’ meeting – Just-auto: Nissan CEO Carlos Ghosn has met with UK prime minister Theresa May today, in a meeting that follows recent remarks by Ghosn that raised question-marks over future UK investment by the company due to Brexit and uncertainty over future UK-EU trade conditions.
- New Volvo XC60 is coming in 2017 – Autocar: Volvo’s next mid-sized SUV has been spotted testing but heavy disguised; styling draws from its successful XC90 sibling
- Strong auto purchases buoy US retail sales; inflation stirring – Reuters: WASHINGTON U.S. retail sales rebounded in September amid a surge in motor vehicle purchases and a rise in discretionary spending, pointing to …
In Europe, Diesel Falls Slowly Out Of Favor
Car owners in Europe slowly shake their addiction to diesel. Across Western Europe, diesel demand dropped to 47.9% of all newly registered in September. After falling 2.7% in August, “the year-on-year decline in September was just 1.4 points,” writes LMC, which keeps track of these things. According to LMC “the decline remains well within the long-term trend.” Which, as the chart shows, is steadily down. There are other voices from Europe saying that the numbers are a victim of statistical distortion, and that diesel is doomed more than the stats suggest.