Detroit Bureau on Twitter

Archive for the ‘Markets’ Category

Safety Groups Want Tesla Autopilot Name Banned

Groups argue it is “deceptive and misleading.”

by on May.23, 2018

Despite Tesla's claims to the contrary, safety advocates believe the company's use of the name Autopilot is misleading.

It’s called Autopilot but, at least for now, Tesla’s semi-autonomous technology is a not completely reliable co-pilot, it can require rapid human intervention to avert a crash. And that, two consumer groups argue, makes the use of the Autopilot name “deceptive and misleading.”

The Center for Auto Safety, or CAS, and Consumer Watchdog aren’t the first to raise concerns about the Tesla technology. German regulators briefly considered banning the name, Autopilot. But the American non-profit safety groups have taken their concerns to the Federal Trade Commission, asking it to initiate an investigation of how Tesla not only has named, but also how it promotes its semi-autonomous system.

Stay Plugged In!

In a letter to the federal agency, they claim Tesla has taken steps to “mislead and deceive customers into believing that Autopilot is safer and more capable than it is known to be.” (more…)

Trump Promises Good News for Auto Workers

Presiden implies deal on NAFTA is near, but others dispute the notion.

by on May.23, 2018

President Donald Trump promised American auto workers they'd be "very happy" very soon.

President Donald Trump implied that the end of negotiations over NAFTA are near and that the end result will be good for hourly workers at automakers across the U.S.

“There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!” Trump said in a tweet.

News Now!

One of Trump’s campaign promises was to secure a new North American Free Trade Agreement that was more favorable to the U.S. The three countries – Canada, Mexico and the U.S. – have been in talks for nearly a year now. (more…)

McLaren’s Growth Means Adding New US Dealers

British sports car gets new stores on both coasts.

by on May.23, 2018

McLaren Automotive's been enjoying record sales and needs two new dealerships including McLaren Sterling just outside Washington D.C.

With its sales of ultra-expensive sports cars steadily climbing, McLaren Automotive has been fortifying its bottom line with new models after its long-expected demise has come and gone.

The growth in new vehicles in the product portfolio has strengthened interest in the company’s largest market: the United States. As a result, the company’s dealership network is growing too and the company is adding new retailers in wealthy communities on the East and West coasts.

Stay in the Loop!

One of the new dealerships will be in Beverly Hills, California, the other in Loudon County in Northern Virginia, just outside Washington D.C. The two new stores join McLaren’s network of 80 dealers that stretch across 30 markets around the world. (more…)

Bosch Exec Predicts 50 Percent Rise in 2018 EV Sales

Annual sales expected to rise from 1% to 1.5% of total sales.

by on May.23, 2018

The Chevy Bolt will be joined by two dozen other GM battery-electric vehicles by 2023.

Sales of battery electric vehicles are growing steadily and impressively, according to a key executive at Robert Bosch Gmbh, one of the world’s top automotive suppliers.

Sujit Jain, Bosch Group regional president, Passenger Cars and Electric Vehicles, Powertrain Solutions Division, noted the market share of battery electric vehicles has steadily grown in the U.S. since 2013, reaching nearly 1%.

EV News!

On the surface, the number appears small, but the rate of growth has been impressive with EV sales possibly reaching 1.5% this year, Jain said after a presentation at the Bosch Mobility Experience at the company’s North American test track in suburban Detroit. (more…)

First Drive: 2019 Subaru Ascent…Proving Bigger is Better

The Japanese automaker learns its lesson with all-new three-row SUV.

by on May.23, 2018

The Subaru Ascent's X Mode is able to handle a wide variety of conditions, including wet sand.

An hour-some outside of Portland, as you head for the rugged Oregon coast, you’ll pass through the quaint old town of McMinnville. It’s known, it seems, for three things: walnuts, the annual Alien Festival – which celebrates a local farmer’s alleged encounter with a UFO – and the Evergreen Air and Space Museum. Dwarfing an indoor football stadium, the star of the collection is the legendary Spruce Goose, among the biggest aircraft ever built.

With eight radial engines mounted across its 321-foot wingspan, the 220 foot-long “Flying Lumberyard” was designed as a troop transport able to squeeze in nearly 800 soldiers on a trans-Atlantic flight. There are times when having plenty of passenger space, it seems comes in handy – something we had in mind before heading to McMinnville for a couple days to drive the all-new Subaru Ascent.

Reviews You Cann Trust!

While dwarfed by what was officially known as the H-4 flying boat, the 2019 Ascent is the Japanese automaker’s biggest offering yet, capable of seating up to eight passengers in a good bit more comfort than soldiers would have experienced had the Spruce Goose ever gone into service. Equally important, it has the styling and features that were sorely lacking when Subaru launched its first three-row model, the ungainly B4 Tribeca back in 2005.

(more…)

Volkswagen Brings a Slew of Concepts to US Version of Wörthersee

Customized VWs taking tour of United States.

by on May.22, 2018

Tanner Foust's SEMA Atlas concept may be the star of VW show of the five concepts touring the U.S. this summer.

Every year, thousands of crazed Volkswagen fan flock to the Wörthersee VW meet in Europe. It features a slew of tricked out and tweaked up cars from across the decades as well as few sneak peeks at what the company is working on.

However, American VW fans with travel budget that doesn’t include a trans-Atlantic flight have an option: SoWo: The European Experience. The show was held last weekend in Savannah, Georgia.

Product News!

More importantly, it seems VW likes a good party and rolled up with some modified versions of the Jetta, Golf, Arteon, Atlas and Tiguan. Although very impressive, it’s highly unlikely that any of them will follow in the path of the Golf TCR shown in Europe, which is likely to find its way to dealerships relatively soon. (more…)

Musk Strikes Back After Tough Reviews of Model 3

CEO suggested problems were related to software issue.

by on May.22, 2018

Tesla's Elon Musk took to twitter to defend and explain some of the issues Consumer Reports came across in reviewing the Model 3.

Tesla CEO Elon Musk took to twitter – as he often does – to defend his company and the Model 3 and explain problems that Consumer Reports told its readers about were easily fixed.

The magazine, which stopped short of giving the Model 3 an endorsement, pointed out that the new sedan performed poorly in braking tests. In fact, it said it tested two vehicles and each of them performed worse in the 60-to-0 mph test than a new Ford F-150 truck.

EV News!

This happened even after the car it owned received a software update to improve the vehicle’s braking system. (more…)

China Cutting Tariffs on Imported Vehicles

But revised rate is still six times higher than what U.S. levies.

by on May.22, 2018

Chinese President Xi Jinping announced plans to cut tariffs on cars to 15% and components to 6%.

Under mounting trade pressure from the U.S., China said Tuesday that it will reduce duties on imported passenger vehicles from 25% to 15%, while also cutting the tariff on imported automotive parts and components to 6%.

Chinese President Ji Xinping had promised to cut tariffs in comments made last month, though it is unclear if the move will go far enough to satisfy critics as diverse as Tesla CEO Elon Musk and U.S. President Donald Trump. With the exception of pickup trucks, the American tariff on imported vehicles is just 2.5%.

Subscribe Now!

In a series of tweets last month, Trump referred to the automotive imbalance asked, “Does that sound like free or fair trade? No, it sounds like STUPID TRADE – going on for years!” (more…)

Gas Prices Keep Rising; Might Truck and Ute Sales Fall?

Analyst thinks prices are getting high enough to hurt SUV sales.

by on May.22, 2018

With gas prices averaging nearly $3 a gallon in the U.S., at least one analyst is concerned truck and utility vehicle sales could be impacted.

Going into the Memorial Day weekend, the traditional opening of the summer driving season, the average price of gasoline across the U.S. continues to climb and analysts expect even higher prices lie ahead, prompting at least one respected analyst suggest buyers of new vehicles may start to rethink their purchase decisions.

Gas prices jumped 12 cents during the past 14 days, and six-cents since last week, landing the national average at $2.93 – the highest price point going into the Memorial Day weekend since 2014, according to AAA.

We Keep You In the Know!

“AAA forecasts nearly 37 million travelers will hit the road for the holiday weekend. Compared to an average of the last three Memorial Day weekends, pump prices are nearly 50 cents more expensive and climbing,” said Jeanette Casselano, AAA spokesperson.  (more…)

Tesla Model 3 Not Faring Well in Media Spotlight

Consumer Reports, Edmunds point out problems with new sedan.

by on May.21, 2018

Tesla's Model 3 isn't getting the rave reviews from some media outlets the company would like.

Tesla’s Model 3 is slowly working its way on to the driveways of the tens of thousands of folks who ordered one — including Consumer Reports and Edmunds, and the results are not what the EV maker had hoped.

Consumer Reports said it “found plenty to like about the luxury compact sedan (which starts at $35,000 but goes all the way up to $78,000), including record-setting range as well as exhilarating acceleration and handling that could make it a healthy competitor to performance-oriented cars such as BMW’s 3 Series and the Audi A4.”

EV News!

However, it quickly pointed a few flaws in the new model, primarily long stopping distances in the magazine’s emergency braking test and difficult-to-use controls, that prevented it from earning a recommendation. (more…)