Detroit Bureau on Twitter

Archive for the ‘Lincoln’ Category

Ford Earns $1.7 Billion in First Quarter

Automaker accelerating efforts to cut costs.

by on Apr.26, 2018

Ford CEO Jim Hackett said the company is accelerating is cost-cutting measure and expanding their scope.

Ford reported first-quarter revenue of $42 billion and net income of $1.7 billion, or 43 cents a share, beating analysts estimates by 2 cents a share. The revenue result was a 7% increase while net income reflects a 9% increase over year-ago results.

However, the company’s pre-tax profits were $2.2 billion, a 14% drop compared with last year’s result, which was attributed to commodity price increases and unfavorable exchange rates.

Subscribe for Free!

The 9% increase in quarterly profit can be almost entirely attributed to a drop in the automaker’s effective tax rate to 9% from 28.6%, Ford officials said. (more…)

And Then There Was One: Mustang. Ford Cutting Cars by 2022

Updated: Ford not only automaker shifting from cars to trucks, sport utes and crossovers.

by on Apr.26, 2018

In less than four year, these will be the only cars you can buy from Ford.

(This story has been updated to include comments and details on shifting product plans at General Motors and other manufacturers.)

The Mustang will be the last survivor.

That’s according to Ford Motor Co.’s new plan that calls for the elimination of all cars, except the original pony car, by 2022.

Industry News!

What’s left will be nothing but profit centers, or at least potential profits, as the company focuses on what consumers are really buying these days: trucks, sport-utilities and crossovers. Ford CEO Jim Hackett confirmed the plan during the company’s earnings call. (more…)

Ford Suffers, GM Coasts in March Sales in China

Volkswagen posts a sales increased in March.

by on Apr.17, 2018

Strong Malibu sales in March helped GM to a small sales gain of 2%.

Ford Motor Co. saw its sales in China, the world’s largest automotive market, drop by 11% during March, while General Motors eked out a 2% gain as its sales continue to grow.

GM, which will now report its China sales quarterly rather than monthly in the future, said its joint ventures in China delivered a March record of 352,346 vehicles. Buick and Cadillac enjoyed record deliveries in March, while Chevrolet grew 35% from a year earlier, GM said.

Industry News!

Sales in the first three months of 2018 increased 8% on an annual basis to 986,052 units. (more…)

Caddy Triggers Battle of the Behemoths with $10,000 Escalade Discounts

Fighting off the new Lincoln Navigator.

by on Apr.16, 2018

A Cadillac Escalade Platinum can top $100,000.

If you’re looking for one of the biggest, baddest luxury utes on the market, Cadillac is hoping to lure you into one of its U.S. showrooms. Aiming to shore itself up against an assault by Lincoln’s newly updated Navigator SUV, Caddy is firing back with discounts of up to $10,000 on its own Escalade model.

GM has traditionally dominated the full-size SUV segment, both mainstream and luxury, and it gained significant traction when it introduced an all-new version of the ‘Slade for the 2014 model-year. But that’s a lifetime ago in today’s hotly competitive market and Lincoln has been building momentum fast with the all-new version of the Navigator it launched last year.

News You Can Trust!

While the two models don’t generate a lot of volume they serve up substantial profits for their respective manufacturers, providing plenty of room to load up the incentives. The question is whether Lincoln will now fire back with big givebacks of its own.

(more…)

Lincoln Planning Five New Models for China in Bid to Catch Rivals

China destined to become brand’s top market, said new Lincoln chief.

by on Apr.12, 2018

The Lincoln Aviator made its U.S. debut last month and should reach China by 2019 or 2020.

Struggling to catch up with rivals now dominating the world’s largest luxury car market, Lincoln plans to start building five new models in China by 2022, according to a report by the Reuters news service.

That’s in line with comments made to TheDetroitBureau.com by Lincoln’s new boss, Joy Falotico, who said she expects China to soon become the brand’s largest market, much as has happened for other luxury marques, including Detroit-based rival Cadillac.

http://www.thedetroitbureau.com/about/subscribe

Global News!

It appears that the new models Lincoln will build in China will also be produced and marketed in other countries, including the U.S. During a backgrounder on the new Aviator SUV prior to its debut at the New York International Auto Show late last month, Falotico revealed that Lincoln plans to launch two new SUVs by 2020, “followed closely by four more vehicles.”

(more…)

BMW’s Access Follows Leaders in Luxury Leasing

Brand becomes latest to offer subscription service.

by on Apr.04, 2018

Ian Smith, BMW's chief executive officer of BMW Group Financial Services, will oversee Access by BMW, which starts in Nashville.

The old adage states that there are no original ideas and proving that one more time is Access by BMW, the brand revealed it will become the latest automaker to introduce a new subscription-based leasing plan.

The maker is using the app-based program to allow consumer to drive its top performance cars for as much as $3,700 a month. The new service kicks off this week in Nashville, Tennessee, and allows users unlimited access to cars.

Subscribe for Free!

The most expensive plan, the $3,700 version, permits users access to the company’s M-class cars and is appropriately dubbed the “M” tier, giving them access to the BMW M4 convertible, the all-new M5, BMW M6 convertible, as well as the BMW X5M and BMW X6M Sports Activity Vehicles. (more…)

Luxury Plug-Ins Shift Emphasis on Performance

Emphasis shifts from mileage.

by on Apr.02, 2018

The production Aviator's fastest powertrain package will pair a turbo-six with electric drive.

When the first hybrids came to market nearly two decades ago, the emphasis was on mileage, the original Honda Insight delivering as much as 70 miles per gallon, albeit at the expense of what might be described as the fun-to-drive factor.

That approach carried over as more advanced, battery-based models came to market – and as luxury brands started to plug in with vehicles like the Cadillac ELR. Based on the Mainstream Chevrolet Volt, Caddy’s first plug-in hybrid was lavishly equipped but took almost 10 seconds to get from 0 to 60.

Performance News!

A visit to this year’s New York Auto Show will reveal a wide array of PHEVs, and among mass market brands, like Chevy, Honda, Hyundai and Toyota, fuel economy is still the primary target. But it’s another matter entirely among luxury brands, such as BMW, Lincoln, Mercedes-Benz and Volvo. There’s no question they’re also using battery power to boost mileage, but they’re also putting a premium on performance.

(more…)

NY Auto Show’s Dozen Best

Our favorites from an extensive assortment of cars, trucks, crossovers and concepts.

by on Apr.02, 2018

The turnstiles are spinning at the Javits Convention Center and for good reason. The 2018 New York International Auto Show is winning raves as the year’s most significant North American event, with dozens of significant debuts.

This year’s NAIAS covered plenty of ground: from long-range electric vehicles to high-powered performance cars – even some high-performance electric vehicles. Followers of automotive design will have plenty to talk about, too. The show underscores all the dramatic changes sweeping through the auto industry, even on the retail side, as more manufacturers announce new subscription programs.

Auto Show News!

Whether you’re heading down to the show or simply trying to check out from a distance the most significant, intriguing and unusual cars, trucks, crossovers and concepts on display, here’s a handy guide to our dozen favorites.

(more…)

Lincoln Hopes to Take Wing with New Aviator SUV

Midsize luxury ute will offer PHEV option.

by on Mar.28, 2018

The Lincoln Aviator Concept breaks ground ahead of the opening of the NY Auto Show.

When you’re struggling to gain some altitude it helps to have a good aviator on hand. Make that Aviator, the all-new version of what had been known as the Lincoln MKT. The new model, making its debut at the New York International Auto Show, is more than just a new name, however, getting an all but complete, ground-up makeover.

One of two new SUVs coming for the brand by 2020, the new Lincoln Aviator is part of an aggressive push aimed at rebuilding a once shining star in the American luxury firmament while also helping Lincoln gain ground in what has become its fastest-growing market, China.

Insight!

That’s where the new Aviator could see the strongest demand for its optional plug-in hybrid drive system, especially considering the tough new zero-emissions mandates Chinese regulators put in place late last year.

(more…)

Lincoln Launching New Aviator in New York

Ford's luxury brand introducing another SUV.

by on Mar.19, 2018

The new Lincoln Aviator will debut at the New York International Auto Show.

On the heels of the announcement last week by the Ford Motor Co. that it plans to spend $7 billion to bring new SUVs to showrooms, Lincoln is preparing to show off the production ready version of the all new Lincoln Aviator at the New York International Auto Show.

The Lincoln Motor Co. offered few details about the launch, but said the debut a production preview of the all-new Lincoln Aviator will happen Wednesday, March 28 in New York.

Auto Show News!

The Aviator, going on display in New York, is the first of two all-new utilities that Lincoln will bring to market in the next two years as it grows its utility portfolio and commits to electrification across its lineup globally.  (more…)