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Chevy Goes Big With Engines for New Tahoe, Suburban

Company offering 6.2-liter V8 in more trim levels.

by on Aug.15, 2018

The new Chevrolet Tahoe and Suburban Premier Plus Special Editions feature the 420 horsepower 6.2-liter V8 engine.

Facing renewed competition from the new Lincoln Navigator, General Motors is taking steps to beef up the market position of two of its most profitable vehicles, the Chevrolet Tahoe and Chevrolet Suburban.

Chevrolet is expanding the availability of the 6.2-liter V-8 engine within its full-size SUV line-up by introducing the Tahoe and Suburban Premier Plus special editions, GM said.

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The available 6.2-liter V-8 produces 420 horsepower and 460 lb-ft of torque. The engine comes with three state-of-the-art technologies — direct injection, Active Fuel Management and continuously variable valve timing — to make the most of power, torque and efficiency across a broad range of operating conditions. (more…)

Lincoln Pushing Dealers to Split from Ford Stores

Company offering incentives to build standalone locations.

by on Aug.14, 2018

Lincoln is pushing dealers with twin Ford-Lincoln dealerships to split those locations up, creating standalone stores, like Lincoln of Troy (Michigan).

Lincoln is the latest luxury brand looking to exploit the advantages of this trend: stand-alone dealerships.

After escaping death at the hands of former Ford CEO Alan Mulally nearly five years ago, the company is asking owners of Ford-Lincoln dealerships in 30 major markets to build separate stores for the Lincoln brand.

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The concept isn’t entirely new as plenty of automakers have asked dealers to do the same throughout the years, the most recent being Hyundai and Genesis, although that program is in its infancy. Lincoln has a bit of history with stores separate from Ford-branded outlets from the days when it was Lincoln-Mercury. (more…)

Musk, Tesla Board, Move Forward on Privatization Plan

Carmaker hires Goldman, Silver Lake to advise.

by on Aug.14, 2018

Whether Elon Musk could justify tweeing "funding secured" is a matter of hot debate.

Even as questions mount about CEO Elon Musk’s plan to take the automaker private, the car company’s board is beginning the necessary steps to evaluate a proposal, with investment firms Silver Lake and Goldman Sachs brought in to offer advice on what appears to be a Saudi-funded buy-out.

Those developments come just a week after CEO Musk tweeted his interest in taking Tesla private while also hinting that “funding (is) secured.” Precisely where the funding will come from has become a central question, though Musk on Monday put up a blog post indicating he has been meeting with managers of the Saudi Arabian sovereign investment fund who have expressed interest in backing the plan.

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Tesla, meanwhile, now faces a probe by the SEC, as well as at least two lawsuits filed last week questioning whether the South African-born executive’s proposal was, in reality, a “nuclear attack” on by short-sellers.

(more…)

Rising Inflation Challenges Profitability for Automakers

Car companies getting hit on rising material costs due to Trump tariffs.

by on Aug.14, 2018

Trucks are still protected in the U.S. by a 25% tariff, despite a lower tax on all other vehicles.

A rising rate of inflation now poses an additional threat to an auto industry already under pressure from new tariffs and trade restrictions.

From June 2017 to June 2018, the U.S. Consumer Price Index for All Urban Consumers rose 2.9%, the largest 12-month increase since the period ending February 2012, the U.S. Department of Labor. The Congressional Budget Office, in a report in which it indicated it expects U.S. economic growth to slow next year, also said this week it expects the rate inflation to top 3.1% through the last half of 2018.

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U.S. workers’ paychecks are worth less than they were a year ago, the Labor Department reported Friday, as modest wage gains have not kept pace with inflation. (more…)

Ford Wants a Premium for All-New Ranger Pickup

Base model to start at $4,000 over Chevrolet Colorado.

by on Aug.14, 2018

Ford will offer a wide range of Ranger body styles, beds and powertrain configurations.

After a lengthy absence, the Ford Ranger is about ready to return to the U.S. market and shoppers now can price and build their own version of the midsize pickup at a special micro-site the Detroit automaker has launched.

Set to reach showrooms early next year, Ford will be offering a wide array of body styles, bed and powertrain options, ranging from the base, 4×2 SuperCab XL with a six-foot box, up to the more lavishly equipped 4×4 SuperCrew Lariat with a five-foot cargo box.

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But the heavily updated version of the global Ranger launched earlier in the decade won’t come cheap. The 2019 pickup will carry a starting price of $24,300 plus $1,095 in delivery fees. That’s about $4,000 more than its cross-town competition, the base, extended cab version of the 2019 Chevrolet Colorado starting at $20,500. And for truck buyers on a tight budget, the aging Nissan Frontier starts at just $18,900.

(more…)

Honda Adds Upgraded Safety Tech on 10th-Gen Civic

New option ups the safety factor for new Civic.

by on Aug.14, 2018

The 10th-generation Honda Civic gets a new "Sport" update as well as the Honda Sensing safety technology.

Honda is making its “Honda Sensing” driver assistance technology standard on the 2019 Honda Civic sedan and coupe.

The suite of safety technology, which includes collision mitigation braking with forward collision warning; road departure mitigation, incorporating lane departure warning, lane keeping assist and adaptive cruise control, is standard or available equipment on all Honda car and light truck nameplates, Honda officials noted.

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The 10th-generation Civic line-up for the 2019 model year will also include updated styling and new Sport trim for both body styles. (more…)

Saudis Appear to Be Key to Taking Tesla Private

Facing lawsuits, SEC probe, CEO Musk offers more details on privatization plan.

by on Aug.13, 2018

Tesla CEO Elon Musk revealed a few details about the plan to take the EV maker private he teased last week.

In a Monday morning blog post, Tesla CEO Elon Musk has offered some critical new details about the plan, first announced last week, to take the battery-carmaker private, pointing to a Saudi sovereign investment fund as the potential source of funding — though he also cautioned it would be “premature” to offer full details at this point.

Last Tuesday, the 47-year-old chief executive set off alarm bells when he posted a tweet declaring his interest in taking Tesla private at a price of $420 per share. The news sent investors scurrying to snap up Tesla stock which quickly approached an all-time high before settling back two days later.

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With virtually no details offered, Musk and Tesla quickly came under scrutiny from analysts, investors and the Securities and Exchange Commission which has begun to probe his comments to see if they violate federal securities law. Tesla now faces two lawsuits, as well, alleging the Tuesday announcement was really a “nuclear attack” on short-sellers. (more…)

Jeep Museum May be in the Works With Help From FCA

New gallery might be at Toledo plant.

by on Aug.13, 2018

The success of this year's Jeep Fest in Toledo has organizers thinking there might be enough support for a museum.xx

Auto museums aren’t exactly thriving these days but the fans in Toledo, Ohio, the birthplace of the iconic Jeep, are talking up the possibility of creating a Jeep Museum with help from Fiat Chrysler Automobiles.

Dozens or rare Jeeps turned up this past weekend for the Jeep fest at the Sea Gate Convention Center in Toledo, which only served to bolster support for the idea, according to local news reports.

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Organizers of Jeep Fest, which attracted Jeep fans from 27 states, said they have held talks about establishing a museum with FCA, which has made the Jeep brands its major profit center since the old Chrysler Group’s 2009 bankruptcy. (more…)

Can the Flintstones and Jetsons Sell America on EVs?

New ad campaign brings back two classic cartoon families.

by on Aug.13, 2018

The Electrify America ad campaign plays up the fun-to-drive aspects of battery-cars as much as their environmental benefits.

There’s an electrified revolution heading for your local showroom, with dozens of hybrids, plug-ins and pure battery-electric vehicles coming to market over the next few years. The challenge the industry faces is getting consumers to plug in. All forms of battery-based vehicles accounted for barely 3% of the total U.S. market last year.

Building awareness is a key goal for Electrify America, the project backed by $2 billion from Volkswagen, part of the settlement of its diesel emissions scandal. The 10-year effort makes its public debut this week with an ad campaign pitching the virtues of battery-electric vehicles. And to help get the message across, it’s borrowing the theme music from two Boomer-era cartoon shows, the Flintstones and the Jetsons.

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The first spot, dubbed JetStones, features a number of new battery-electric vehicles, or BEVs, and will air on national and local cable television, with a radio version running in both English and Spanish. At the same time, Electrify America will begin placing a network of high-speed charging stations across the country.

(more…)

Geely Readying to Plow $1.9B into Lotus Expansion

Could a Volvo-based crossover be in the works?

by on Aug.10, 2018

Geely is rumored to be ready to grow the Lotus brand, giving the Evora a crossover sibling or two.

Geely appears ready to expand its sphere of influence once again. The parent company of Volvo and major shareholder of Daimler AG is rumored to be examining the viability of putting $1.9 billion into sports car maker Lotus.

Holding 51% of the ownership stake, Geely is considering growing the company’s physical and intellectual presence in England with the idea of adding to the brand’s product line-up, including a crossover or smallish SUV, Bloomberg reported.

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Geely isn’t just looking to increase the size of the brand, it wants to expand the size of its ownership stake. It’s buying shares from Etika Automotive, which owns the other 49% of the company. (more…)