Detroit Bureau on Twitter

Archive for the ‘BMW’ Category

Musk Denies a Quarter of Model 3 Orders Were Cancelled – But Reveals New Worry

Order rate, he reveals, has fallen behind increase in production.

by on Jul.20, 2018

Tesla CEO Elon Musk denied claims in a recent analyst report suggesting that nearly a quarter of all Model 3 orders have been cancelled.

Elon Musk has dismissed as “bs” a report that suggested a growing number of advanced reservations for the Model 3 battery-car are being cancelled.

The recent report from investment bank Needham & Co. isn’t the first to raise that prospect, which could make it difficult for Tesla to achieve its promised profit for the second half of 2018. Needham’s Rajvindra Gill joined a growing chorus of analysts this week in downgrading Tesla shares, triggering another dip in the stock, traded as TSLA.

“Dunno where this bs is coming from,” CEO Musk said in a Thursday night tweet – but by trying to support the idea that there’s still strong demand for the Model 3, the South African-born executive actually may have sent a signal that Tesla is facing longer-term problems. Musk indicated Tesla received 5,000 orders for the Model 3 last week, but that’s actually less than the production target for the battery-car in the months to come.

The Last Word!

According to a report Needham issued Thursday, 24% of the estimated 400,000 original Model 3 reservations have been cancelled. That’s slightly higher than the 20% figure reported by data tracking site SecondMeasure in June. Each reservation is accompanied by a $1,000 deposit, so, if Needham is right, Tesla has had to refund more than $100 million and risk the loss of perhaps $4 billion or more in sales.

(more…)

First Drive: Genesis G70

The Koreans finally deliver a real threat to Munich's vaunted sport compact.

by on Jul.16, 2018

Genesis tapped BMW's former M chief to help build some impressive dynamics into the G70.

Hard to believe but it’s been a full decade since Hyundai introduced what was then its most expensive and lavishly equipped model, the Genesis sedan going on to become the North American Car of the Year, among the many awards it collected. The four-door model also had a sort of Mini Me, the Genesis Coupe essentially being positioned as the Korean carmaker’s answer to the ever-popular BMW 3-Series.

Like so many other 3-Series wannabes, the Genesis Coupe wasn’t up to dethroning the king-of-the-sport-compact-hill, but it’s clear that Hyundai has kept that goal in mind and, a decade later, it’s come about as close to anyone to calling BMW’s bluff.

Reviews You Can Trust!

The original Genesis siblings are gone. Indeed, the name itself has been repurposed for Hyundai’s new luxury brand. A couple months from now, the high-line division will get its third new entry since being spun off two years ago, and the 2019 Genesis G70 does a better job of justifying the Genesis brand’s existing than the two models that came before it, the midsize G80 and premium luxury G80. It also presents a surprisingly solid alternative to the 3-Series, as well as other compact European contenders like the Audi A4 and Mercedes-Benz C-Class.

(more…)

Despite Sales Slump, Genesis on Target, Says U.S. Chief

Upturn linked to new products, standalone dealers, says Raphael.

by on Jul.11, 2018

Genesis steps things up by taking a shot at the vaunted BMW 3-Series with the new G70.

It’s not often that a senior brand executive is pleased to see his sales slide by more than 50 percent, but Erwin Raphael says the sharp year-over-year decline Genesis reported last month is pretty much right on target.

Two years after it was spun off by Hyundai as a standalone luxury brand, Genesis is in the midst of some major changes that will determine its long-term success. That starts with the upcoming launch of the 2019 G70, which targets the likes of the vaunted BMW 3-Series, as well as the first Genesis SUV expected to join the line-up next year.

Insight!

The Korean marque is also getting ready to launch its own standalone dealer network in the coming months, one that will see the number of Genesis outlets in the U.S. drop by more than 85 percent. But, as with sales, bigger numbers aren’t always better when you’re launching one of the first new luxury brands in decade, insists Raphael, the executive director of Genesis Motor America.

(more…)

BMW Inks Three New Deals in China

Automaker shifting some ute production from South Carolina to China.

by on Jul.11, 2018

Baidu Vice President Zhenyu Li, left, and Klaus Fröhlich, member of the Board of Management of BMW AG, Development, celebrate a new deal.

BMW has signed three new agreements with key partners in China that it says will bolster the company’s presence in the world’s largest automotive market.

The BMW Group and the Chinese manufacturer Great Wall Motor inked an agreement to produce Mini electric vehicles through a new 50:50 joint venture, Spotlight Automotive Limited, dedicated to the development and production of electric vehicles in China.

We Keep You In the Know!

In addition, the BMW Group also expanded its successful BMW Brilliance Automotive partnership. In recent years, BBA has become a cornerstone of the BMW brand’s success in its largest market. As part of the expanded venture, BMW is now expected to move some production from its massive assembly plant in South Carolina to China.  (more…)

Magna Building New BMW Z4, Toyota Supra

New vehicles to be produced in Austria.

by on Jul.05, 2018

Toyota Supra Racing Concept is the basis for the new Supra that will be built by Magna Steyr.

Magna Steyr has received the contract to build the new sports cars developed jointly by BMW and Toyota.

Magna has confirmed its that it has signed a contract with BMW and Toyota to produce the new BMW Z4/Toyota Supra starting at the end of 2018. It said that production of the new BMW Z4 and Toyota Supra will be added to its production line in Graz, Austria, after upgrades to the production line are complete.

News You Can Trust!

Although, the production levels for the Z4/Supra are expected to be relatively modest the added output will further drive Magna to reach its production capacity of 200,000 units in early 2019, analysts said.  (more…)

Every Car Sold in the U.S. is an “Import”

Tariffs would impact even “American-made” vehicles.

by on Jul.03, 2018

The Honda Odyssey is one of the most "American" cars but will still be hit by tariffs.

Every single car, truck or crossover sold in the U.S. would be affected by the 25% import tariff being proposed by Pres. Donald Trump, with prices on some models rising by tens of thousands of dollars.

That’s because even vehicles assembled in the U.S. rely on some level of imported parts and components, whether in their suspension, infotainment systems or powertrains.

Beyond the Headlines!

Complicating matters, American-made auto parts and vehicles could become more expensive, and lose their competitive edge, if trade partners enact their own tariffs in response, something a number of them have now threatened to do.

(more…)

Hyundai, Audi Latest Automakers to Partner Up

The pairing is just the latest in a growing line of partnerships.

by on Jun.20, 2018

Hyundai and Audi are partnering up to develop fuel cell technologies.

The automotive industry is increasingly becoming reliant on partnerships, the latest being the tie-up between Hyundai Motor Group and Audi AG.

Like so many other companies before them, the South Korean and German automakers are looking to find a way to get to the promised land of alternative fuel vehicles. In this case, the makers are partnering on the development of fuel cell electric vehicles.

Beyond the Numbers!

Unsurprisingly, whatever patents, technologies and revolutionary breakthroughs resulting from this new coalescence will trickle down, well, more like over to Kia Motors Co. and Volkswagen AG. Kia is Hyundai’s sibling and VW is Audi’s parent companies. These advances can also be shared among other affiliates within either group. (more…)

Official: First Look at All-New BMW 8-Series

BMW's flagship coupe returns after two-decade absence.

by on Jun.15, 2018

This is the first BMW 8-Series since the original was abandoned in 1999.

It may be time for the 24 Hours of Le Mans, but the big news, trackside will turn to a new street model, BMW using the annual endurance race as backdrop to reveal the long-awaited rebirth of its flagship 8-Series model.

It’s been nearly two decades since the Bavarian automaker abandoned the original 8-Series, but we got word that it would make a comeback last year with the May 2017 debut of the Concept 8 at the Concorso d’Eleganza Villa d’Este on Italy’s Lake Como. Finally, we’re getting a look at the production version.

The Last Word!

Like the original, the new 8-Series opts for a coupe body, albeit one with a much more modern, streamlined design. The pop-up headlights, for one thing, are gone, replaced by slim LED lamps and the automaker’s new LaserLight technology. Indeed, as you’d expect of a BMW flagship, everywhere you look the new coupe is loaded up with the latest in technology, from its optional carbon fiber roof to its self-parking system.

(more…)

First Look: 2019 BMW X5

A largely evolutionary update to BMW's flagship utility vehicle.

by on Jun.05, 2018

The new BMW X5 continues the impressive mix of capability and luxury of its predecessors.

Few products have meant more to BMW, especially over the last couple decades, than the X5. The original Sport Activity Vehicle was a groundbreaking entry into what was then the just-emerging luxury market for utility vehicles.

Today, high-line utes have come to dominate traditional luxury sedans, coupes and sports car, bringing a flood of new entries – such as the all-new Audi Q8. BMW itself now has a range of SAVs, from the little X1 up, but it’s the original model that defines the brand as much as the classic 7-Series. So, BMW designers and engineers faced some serious pressure when they set to work on the fourth-generation X5.

Product News!

“The BMW X5 embodies the origins of the BMW X family and, in its fourth generation, sends out its most powerful message yet in terms of presence and modernity,” said BMW Group Design Director Adrian van Hooydonk, in a statement accompanying these images of the new X5. “It defines a new X design language – robust, clear and precise.” (more…)

FCA Maps Out a Self-Driving Strategy

Automaker teams up with Waymo, BMW and Aptiv, but carves out its own path.

by on Jun.01, 2018

A Waymo-modified Chrysler Pacifica Hybrid.

While there are a growing number of autonomous vehicle prototypes on the road these days, Waymo and Fiat Chrysler Automobiles made headlines when they announced, earlier this week, plans to direct as many as 62,000 Pacifica Hybrid minivans into the self-driving ride-sharing service the Google spin-off will launch later this year.

By some estimates, 20% or more of the miles Americans clock on the road will be in driverless vehicles operated by ride-sharing services like Waymo, Uber and Lyft by the end of the coming decade. Millions of motorists may opt to give up their personal vehicles and switch to those services. Millions more are expected to own their own autonomous vehicles.

The Last Word!

Until recently considered a laggard in the self-driving field, FCA has jumped in big, relying on partnerships with not only Waymo, but BMW and mega-supplier Aptiv. And that approach will not only help it to make up for lost time but give FCA several alternative paths to follow.

(more…)