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Archive for the ‘NAFTA’ Category

McLaren Planning 18 “New Models and Derivatives” by 2025

$1.6 billion “Track25” project to include successor to McLaren P1 hypercar, with all models using hybrid drivelines.

by on Jul.12, 2018

McLaren CEO Mike Flewitt talks through the details of "Track25," the company's product plans until 2025.

McLaren is doing more than just smoking up the track at the Goodwood Festival of Speed this week. The British supercar company is also lifting the covers on what would become the most aggressive product program in its history.

Dubbed “Track25,” it will see McLaren invest £1.2 billion, or about $1.6 billion, to bring 18 all-new models and derivatives to market by 2025. That list will include a next-generation “successor: to the company’s P1 hypercar.

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But perhaps the most significant element of the announcement was the decision by McLaren to equip all of its future sports car and supercars with hybrid drivetrains. The P1, of which 375 was produced between 2013 and 2015, was the first electrified McLaren, relying on a hybrid system borrowed from the company’s Formula One racing technology. (more…)

Italian Design House Pinfarina Reveals 1st Teaser of New Electric Luxury Car

“World’s newest car brand” also appoints first Board of Directors.

by on Jul.10, 2018

Automobili Pininfarina revealed PF0 concept design images ahead of private client viewings of the all-electric ultra-luxury hypercar.

Italian design house Pininfarina has gone through plenty of changes in recent years, starting with a financial meltdown and its acquisition by India’s Mahindra & Mahindra. In April, the renamed Automobile Pininfarina announced plans to become a luxury auto brand focused on electric vehicles, and it’s now offering up a teaser image of what it will officially debut less than two months from now.

The rendering you see here of what will be called the PF0 was accompanied by an announcement that Pininfarina has appointed its first Board of Directors. That includes long-time automotive insider Michael Perschke, who will serve as the start-up carmaker’s chief executive officer. Former Volvo exec Per Svantesson has been named Automobili Pininfarina’s chief operating officer.

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“Automobili Pininfarina is a pioneering new business created to service the most discerning clients in the world,” said Perschke, in a prepared statement “Our product portfolio will launch with an innovative, zero-emissions hypercar that represents the progression we aim to make at the pinnacle of the luxury and sports car market.” (more…)

Bugatti Confirms Rumors of “Strictly Limited” New Model

“Happiness is not around the corner. It is the corner.”

by on Jul.10, 2018

Bugatti is bringing out a new vehicle, the Divo. Only 40 of the racers named after Albert Divo will be made.

Bugatti has finally confirmed long-standing rumors that it is preparing to launch an all-new and “strictly limited” model, dubbed Divo, which is now scheduled to make its public debut during the annual Pebble Beach Concours weekend late next month.

Expected to be based off the same platform as the current Chiron, the Bugatti Divo has been described by some who claim to have seen an early prototype as “controversial.” Only 40 of them will be produced and are expected to be targeted for track use.

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“Happiness is not around the corner. It is the corner. The Divo is made for corners,” said Bugatti Automobiles President Stephan Winkelmann in a statement, adding, “With the Divo we want to thrill people around the world.” (more…)

US Appeals Court Upholds $10B VW Deal With Diesel Owners

Court dismisses objections by small owners group to settlement.

by on Jul.09, 2018

Former VW Group CEO Martin Winterkorn was indicted by German authorities in May.

After a nearly two-year delay, a $10 billion settlement between Volkswagen AG and diesel car owners involved in the emissions cheating scandal has been approved by a U.S. appeals court.

The 9thU.S. Circuit Court of Appeals ruled the deal delivered “tangible, substantial benefits” and the federal judge who approved it did more than enough to ensure it was fair, despite several objections from some owners.

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VW will spend up to $10 billion compensating owners of about 475,000 Volkswagens and Audi vehicles with 2.0-liter diesel engines.VW agreed to offer owners of the 2.0-liter vehicles between $5,100 and $10,000 in compensation, in addition to the estimated value of the vehicle. (more…)

EV Sales on the Rise in First Half of 2018 in the US

Bolt sales are up in first half, production to increase.

by on Jul.05, 2018

Sales of the Chevy Bolt rose 3.5% in the first half of 2018.

Rising gas prices and improved range appear to be creating an appealing environment for plug-in electric vehicle sales with no company reaping better results than General Motors in the first half of the year.

The company’s Chevy Bolt EV saw sales rise during the second quarter of the year.

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U.S. and global demand for the Chevrolet Bolt EV has been very strong in 2018, with global sales estimated to be up more than 35% year over year in the second quarter and up more than 40% in the first half. (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.

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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…)

Ford Pulls Out of Geneva Motor Show

Automaker joins Volvo in not attending show.

by on Jul.03, 2018

Ford has a history of making news at the Geneva Motor Show, like the introduction Focus RS.

The list of automakers pulling out of auto shows just got one name longer: Ford is skipping the 2019 Geneva Motor Show.

The Dearborn, Michigan-based automaker said the show’s timing didn’t fit its launch schedule and wouldn’t represent good value. It’s the second major automaker that has pulled out of the show, Volvo being the first.

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“It costs a sizeable amount of money,” a Ford of Europe spokesman told Automotive News Europe. “If you’re not going make a return on the investment in terms of media attention or people on the stand, why do it?” (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.

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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.

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Trade Tariffs Getting Global Pushback: Trump v. The World

Automakers leading charge against new tariffs.

by on Jul.02, 2018

GM CEO Mary Barra has attempted to provide counsel to President Donald Trump, even as his policies have negatively impacted automakers.

Everywhere President Donald Trump looks these days is another message saying, essentially, don’t do this.

“This” in this instance is an attempt to raise tariffs against multiple trade partners at the same time. Trump, who made trade a central piece of his election campaign, has managed to either increase tariffs or threaten to do so against Canada, Mexico, China, Japan and the European Union.

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Right now, Canada has already instituted retaliatory tariffs against the U.S. as has the EU for the tax on imported aluminum and steel. Trump responded by threatening to put tariffs on even more items, including a 20% on vehicles from the EU. (more…)

Obrador’s Win in Mexico Presidential Election Portends NAFTA Trouble

Tough NAFTA talks expected to get even more difficult.

by on Jul.02, 2018

Mexican President Andres Manuel Lopez Obrador is likely to have a negative impact on NAFTA.

In a development that leaves the future North American Free Trade Agreement hanging by a slender thread, Andreas Manuel López Obrador was elected president of Mexico in a landslide victory that could lead to sweeping change in Mexican politics.

The leftist Obrador is considered by some commentators as Mexico’s version of Cuba’s Fidel Castro or Venezuela’s Hugo Chavez.

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Obrador, who narrowly lost the Mexican Presidency in 2006 and 2012, has forcefully rejected the Castro-Chavez comparison. Instead he ran on a platform that promised to curb corruption in Mexico. But Obrador, who won 53% of the vote July 1, has promised to attack the inequality in Mexico and has said the NAFTA isn’t working for the average Mexican worker needs a hefty pay increase. (more…)