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Ford Officials Confirm Looming Salaried Employee Cuts

Numbers of white-collar jobs to be slashed not revealed.

by on Mar.13, 2019

Ford plans to cut thousands of salaried jobs as part of an $11 billion restructuring taking place between now and next year.

With General Motors caught square in the crosshairs by critics chastising the recent salaried job cuts and plant closures, Ford Motor Co. officials may be the next target, confirming today they plan to cut an unspecified number of salaried employees.

The job cuts were announced last year as part of an $11 billion global reorganization. However, no specifics were applied to how many or where they would occur. Ford officials even now won’t confirm how many.

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Said Deep, a Ford spokesman, declined to tell Reuters say how many jobs are being cut but said the company expects the process to be completed by the end of June. He said the restructuring “has resulted in some separations of salaried employees and the reassignment of others.”  (more…)

Renault Nissan Mitsubishi Alliance Reconfigures Board of Directors

Ghosn denied board meeting appearance by judge.

by on Mar.12, 2019

The leaders of Renault, Nissan and Mitsubishi celebrate the reconfiguration of the Alliance's board of directors.

Former Renault-Nissan-Mitsubishi Chairman Carlos Ghosn may be free from jail, the leaders of the three-headed monster don’t want him free to exercise any more influence over the company in his role on the board of directors.

Fortunately, a Tokyo court gave them what they wanted, banning the former boss from taking part in the meeting of the board of the directors.

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“Mr. Ghosn is disappointed that the Court denied his request to attend the Nissan Board of Directors meeting,” according to a statement issued by a spokesman.  (more…)

Tesla Backtracks on Store Closures; Raises Prices 3% Instead

$35K Model 3 exempt from price increase.

by on Mar.11, 2019

Tesla announced it will only close half of its stores and offset that by raising prices 3%.

Tesla buyers looking to walk into a store to buy a new vehicle were disappointed recently when Chief Elon Musk said the company would close the stores to cut costs — now they can rejoice.

In a blog post, the company announced it would only close about half of the stores across the country, after a spate of negative feedback about the move initially.

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“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced,” the electric carmaker said.  (more…)

BMW: The Leading US Exporter of New Vehicles

Automaker's SUVs extreme popularity give it the title.

by on Mar.08, 2019

BMW shipped more than 234,000 SUVs and coupes from the U.S.

Once again, BMW is the top exporter of vehicles from the United States. For the fifth year in a row, the German automaker’s X series sport activity vehicles took it to the top of the heap.

The company said it exported 234,689 units of its sport-utilities and coupes from its Spartanburg, South Carolina, plant during 2018, totaling more than $8.4 billion in 2018.

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“Despite…the ongoing uncertainty regarding trade and tariffs, plant Spartanburg is still positively contributing to the U.S. balance of trade,” said Knudt Flor, president and CEO of BMW Manufacturing Co LLC. (more…)

10 Best from the 2019 Geneva Motor Show

Choices range from city cars to super cars.

by on Mar.07, 2019

This year's Geneva Motor Show was smaller than in year's past, but there were plenty of debuts for the press to cover.

It may be snowy up in the hills outside Geneva, but things were decidedly green inside Palexpo, the sprawling convention center that serves as home to the city’s annual auto show. The event wasn’t quite as busy this year, a number of automakers choosing to sit things out, as has been the growing industry trend. That said, there were some significant debuts during the Geneva Motor Show media preview.

And green really was the word, manufacturers rolling out more than a score of environmentally friendly products. That included quite a few all-electric models, but also hybrids, plug-ins and even a breakthrough gas engine.

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As always, Geneva covered a broad spectrum of product segments, from little city cars, such as the Honda e, all the way up to hypercars like the 1,900 horsepower Pininfarina Battista. Here’s a look at 10 of our favorites among the new products that debuted at the 2019 Geneva Motor Show: (more…)

Hyundai Shows Off 2020 Remake for Sonata

South Korean automaker updates its flagship.

by on Mar.06, 2019

The 2020 Hyundai Sonata has lifted some cues from several recent concepts, including the Le Fil Rouge.

Every so often, traveling down the highway, you’ll run across an old Hyundai Sonata and realize just how dramatically the Korean carmaker has changed its approach to styling over the course of barely a decade.

Get ready for another surprise as Hyundai prepares to roll out an all-new version of its flagship sedan at the upcoming New York Auto Show. Lower, wider, sportier and decidedly more upscale in appearance, it just might give pause to some of the folks who’ve been thinking about migrating to one of the company’s new SUVs.

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“Sonata celebrates innovative coupe-like silhouette,” said Sang Yup Lee, senior vice president and head of the Hyundai Design Center. “A short overhang, sloping roofline and low deck lid create a balanced feel, and Hyundai’s signature chrome accent now goes all the way into the hood, making it look even longer. It also has LED lighting built in. These cues bring the Sensuous Sportiness design to life.”

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Mitsubishi Debuts Swiss-Inspired Engelberg Tourer PHEV

It travels 43 miles in electric only mode.

by on Mar.06, 2019

Mitsubishi rolled out its new PHEV, the Engelberg Tourer in Geneva. The vehicle is named after the Swiss ski resort.

Mitsubishi is looking to shake things up in Geneva with the debut of its Engelberg Tourer plug-in hybrid sport-utility vehicle designed to encourage family and friends to get out an enjoy life, including potentially at the Swiss ski resort it’s named after.

The Engelberg Tourer is a twin motor, 4WD, PHEV, which delivers high levels of performance in the most challenging weather conditions and on all road surfaces, Mitsubishi says. It combines this with the long cruising range inherent to the PHEV, in this case 434 miles with a full tank, allowing journeys out of town and to places with no charging infrastructure.

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The big ute combines passenger capacity with flexible luggage space, the Engelberg Tourer is designed for that: touring. Enhancing its qualities as an SUV for a more active type of lifestyle, the Engelberg Tourer is fitted with LED fog lamps that are located on an auto-open/close roof box and skid plates for front and rear bumpers.  (more…)

Fiat Concept Centoventi Offers Ultimate in Customization

New model debuted in Geneva hopes to curry favor like the 500.

by on Mar.06, 2019

The Fiat Concept Centoventi offers the ultimate in customization, right down to how far you can travel on a charge.

Fiat’s new concept, the Centoventi, looks to set a new standard for customization and simplicity for buyers, while hoping to capture the imagination of buyers the same way the Fiat 500 did starting in the 1950s.

The Centoventi, which is Italian for “one hundred and twenty,” is an electric vehicle designed more like a gizmo than a car. It comes in only one color, but can be personalized using the “4U” program which gives buyers a choice of four roofs, four bumpers, four wheel covers and four external wraps.

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Additionally, the interior can be customized with different configurations, infotainment systems and the even the size of the battery can be selected to determine how much range each Centoventi will have. (more…)

Pininfarina’s Battista EV Quietly Punches Out 1,900 HP

But don’t expect to get that 280 miles range when you’re pushing 217 mph.

by on Mar.06, 2019

The Automobili Pininfarina Battista makes its debut at the Geneva Motor Show.

There are plenty of skeptics when it comes to battery-electric vehicles, but resistance seems to be fading among serious performance fans, and a quick tour of this week’s Geneva Motor Show may help explain why.

Among the fastest and most powerful cars making their debut, the majority use some form of battery-based technology, including plug-ins like the Aston Martin AM RB 003, and the all-electric Pininfarina Battista.

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The first battery supercar from the legendary Italian design house, the Battista will produce a jaw-dropping 1,900 horsepower and 1,696 pound-feet of torque, making it one of the most powerful, street-legal vehicles ever unleashed. How fast? Pininfarina claims it will hit 60 in less than two seconds and top out at 217 mph. (more…)

Ferrari Offers a V-8 Tribute with its F8 Tributo

New model draws inspiration from its predecessors.

by on Mar.05, 2019

The Ferrari F8 Tributo borrows from its exterior styling from several of its predecessors.

There were plenty of different routes Ferrari might have taken with the new, mid-engine V-8 sports car it unleashed at the Geneva Motor Show on Tuesday. In the end, it seems, it took the simpler approach.

Though billed as all-new, the Ferrari F8 Tributo isn’t all that new, after all, the two-seater just an evolutionary update of the four-year-old Ferrari 488. Not that that’s necessarily a bad thing.

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The berlinetta, says the automaker, “sets the market benchmark for performance, driving pleasure and ease of handling. It makes the exhilarating performance of the best 8-cylinder in the world accessible to all drivers, with unprecedented handling and superior ride comfort.” (more…)