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No-Shows, But Tesla and Musk Still Have Strong Presence at NAIAS

But can California carmaker survive the new onslaught of competition.

by on Jan.17, 2019

Tesla CEO Elon Musk showed off a prototype Model S in 2010, the last time he attended the NAIAS.

Battery-electric vehicles may still account for less than 1% of the U.S. new vehicle market, but they have had a notable presence at this year’s North American International Auto Show – something that many credit to a manufacturer that was notably absent from Detroit’s Cobo Hall convention center: Tesla.

Cadillac made a major splash during the first media preview of this year’s show, when it not only revealed the new XT6 utility vehicle but announced that it will be the first General Motors brand to use the automaker’s new all-electric platform for another SUV debuting in 2021.

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Electrifying!

Throughout the show, automaker’s either revealed new battery cars and concepts or outlined their plans for an electrified future. Volkswagen, for one, announced plans to invest $800 million to add production of two new all-electric models at its plant in Chattanooga, Tennessee.

(more…)

Ford, VW Announce 1st in Promised Series of Joint Ventures

Carmakers will focus first on midsize pickups, light commercial vehicles.

by on Jan.15, 2019

Ford CEO Jim Hackett, left, and VW AG CEO Herbert Diess downplayed the immediate impact their new deal.

Confirming months of rumors, Ford Motor Co. and Volkswagen announced Tuesday that they will launch the first of what they suggested will be a series of joint ventures, focusing initially on midsize pickups and light commercial vehicles.

Moving forward, they anticipate adding projects that will pair their costly efforts on electrified and autonomous vehicles, while Herbert Diess, the CEO of VW, said during a joint teleconference that the new partners could work together on “other” products in the future.

Breaking News!

Alliances are becoming more commonplace in an industry where changing consumer tastes and emerging technologies are stretching thin the budgets of even the most well-funded manufacturers, said Diess, who added that, “In such an environment, it just makes sense to share investments, pool innovation capabilities and create scale effects that are clearly defined.” (more…)

Volkswagen Building Electric Vehicles in Chattanooga

Automaker plowing $800M into new plant.

by on Jan.14, 2019

Volkswagen AG CEO Herbert Diess announced today that the company would build electric vehicles at its Chattanooga, Tennessee campus.

Volkswagen AG that it will spend $800 million to build two electric vehicles at its U.S. assembly plant in Chattanooga, Tennessee, as part of the company’s global effort to broaden the appeal of electric vehicles.

“The U.S. is the world’s second-largest market for electric vehicles after China,” said Hebert Diess, Volkswagen AG CEO, who said the first U.S.-built EV, a crossover style vehicle will be ready by 2022 with the second vehicle to follow shortly afterwards.

Business News!

Diess hopes the company’s commitment building EVs in Chattanooga, and the large investment required to support it, will help keep at bay any threats of tariffs. “We are making a substantial investment in the U.S. with this announcement. We hope that counts for something,” Diess said. (more…)

Exclusive: Ford-VW Deal Kicking Off With Commercial Vehicle JV, VW CEO Diess Reveals

“We are looking at other things,” VW’s Diess tells TheDetroitBureau.com.

by on Jan.14, 2019

Ford Motor Co. CEO Jim Hackett, left, and Volkswagen AG CEO Herbert Diess talk on the floor of the Detroit Auto Show today.

Ford and Volkswagen will formally announce on Tuesday the first of what is expected to become a broad range of joint ventures and other partnerships, the head of the German automaker told TheDetroitBureau.com during an impromptu interview at the North American International Auto Show.

The tie-up will begin with a partnership involving commercial vehicles that should help VW expand its marginal presence in the pickup segment, with Ford gaining access to product in other commercial sectors. But there are other projects that have been approved by both companies’ boards that will be revealed on Tuesday, said Volkswagen CEO Herbert Diess.

Breaking News!

Not everything will be announced this week, Diess said, confirming that the relationship is a work in progress. He noted that beyond what either has already been set in motion, “We are looking at other things.” (more…)

Volkswagen Looks to Generate Buzz with New Passat

The new sedan looks to capture, amplify best of previous model.

by on Jan.14, 2019

Volkswagen's 2020 Passat uses the best of the previous model and amplifies it hoping to lure new buyers.

Volkswagen is looking to build a better mousetrap with the 2020 Passat sedan on display in Detroit today, by taking the tenets of the previous model – introduced eight years ago amazingly – that attracted buyers and improving them.

According to VW, the new Passat offers more of what matters: bolder design, upgraded technology, and enhanced access to convenience and driver-assistance features.

NAIAS News!

“Passat is the only midsize sedan to offer German driving dynamics at an affordable price and has long resonated with buyers for its combination of comfort, reliability and driving dynamics,” said Scott Keogh, CEO of the North American Region, Volkswagen.  (more…)

Downsized Detroit Auto Show Still Has Some Big Debuts

SUVs, CUVs, even a few sedans and coupes.

by on Jan.13, 2019

The North American International Auto Show will host scads of new vehicle debuts in January for the last time as it moves to June for 2020.

The North American International Auto Show is set to make its last winter run. No, NAIAS isn’t going away. It’s just moving to June in 2020, a definite relief for those who’ve had to trudge down to the Detroit riverfront for the annual event since it went “international” 30 years ago.

The show is a fair bit downsized from its glory days when as many as 70 new products debuted during three packed days of press previews. That said, this year’s event still has some significant, headline-making vehicles set to make a first appearance.

Auto Show News!

And TheDetroitBureau.com has a list of the most important products set to show up in Detroit this year. Check out this preview of the upcoming week’s highlights: (more…)

Ford, VW Could Roll Out a Series of Deals Over Coming “Weeks and Months,” Says Farley

Automaker also looking to expand ties to Indian ally Mahindra & Mahindra.

by on Jan.10, 2019

Ford's Jim Farley said the company is deep in talks with Volkswagen AG, but said there are plenty of small details that need to be worked out.

Ford Motor Co. is moving towards signing a series of new projects pairing it with Volkswagen AG, the first of those deals possibly being announced as early as next week. But a senior source tells TheDetroitBureau.com that final details haven’t yet been approved by the two automakers, something that could hold back a formal announcement.

And, with a variety of different projects now being negotiated, the new partners could spread out any news over a period of “weeks and months,” according to Jim Farley, Ford’s president of Global Markets.

News Now!

The tie-up with Volkswagen is not expected to involve any equity swapping, sources close to the talks emphasize, but the eventual relationship is likely to be significant. If the key projects now under discussion prove fruitful they could range from joint development of commercial vehicles, electrified vehicles and other products to global marketing alliances that would take advantage of the strengths of each company. (more…)

Ford and VW Ready to Announce New Partnership, Sources Say

Auto giants to form alliances in multiple areas, Reuters reports.

by on Jan.09, 2019

Ford CEO Jim Hackett, left, and Chairman Bill Ford earlier confirmed the talks with Volkswagen. Might they announce a deal next week?

The lengthy talks between Ford Motor Co. and Volkswagen AG to forge some sort of money-saving, product-expediting partnership appear to be coming to a conclusion with an announcement coming sometime next week during the North American International Auto Show in Detroit.

“A global alliance is expected to be announced,” one person familiar with the talks told Reuters, adding that the pact will be unveiled next Tuesday during the Detroit auto show. Another official echoed similar sentiments to TheDetroitBureau.com earlier today.

News Now!

It’s possible that an announcement could come as early as this evening as Ford is hosting an event tonight in Detroit. (more…)

Volkswagen Testing New Portable EV Charging Stations

New high-speed chargers can charge four vehicles at a time.

by on Dec.28, 2018

Volkswagen has developed a new portable electric vehicle charger that it will begin testing in 2019.

Volkswagen has been saying for months now that it plans to introduce a wave of battery-electric vehicles in the U.S. and around the world — as many as 50 vehicles by 2030.

However, as the motoring public begins to take a macro view of life with an EV, one of the questions being asked is where are all of the EV drivers going to recharge when the home charging station isn’t available?

Business News!

Plenty of companies are stepping up to build charging stations across America; however, Volkswagen isn’t just creating a problem with no solution with this tsunami of EVs is plans to introduce, it’s developed a mobile charging station. (more…)

Russian Automaker GAZ Pushes for U.S. to Lift Sanctions

Treasury Department moving to accelerate process.

by on Dec.27, 2018

Russian automaker GAZ is looking to get the U.S. to lift sanctions off the company so it can do business here.

The Russian and U.S. governments are discussing lifting the U.S. sanctions on a Russian automaker, GAZ, which is part of a holding company in which a prominent Russian oligarch, Oleg Deripaska, has a key stake.

The talks aimed at lifting U.S. sanctions on Russian automaker GAZ are ongoing with the U.S. Treasury Department, and the company is implementing internal measures to encourage the process, Russian Finance Minister Anton Siluanov said, according to Reuters.

Global News!

The U.S. Treasury extended a deadline for investors to divest from GAZ to March 7, a day after it announced it would lift sanctions on the core assets of Deripaska’s empire — Rusal, the world’s second largest aluminum company, and its parent En+ of which GAZ is also a part. (more…)