Archive for the ‘Sales’ Category
"Mustang-inspired" EV to make profits fast too.
by Michael Strong on Jan.16, 2019
Ford's Jim Farley said the company is comfortable trailing the pack on EV development, as it has a different plan.
Once considered one of the leaders in race to produce a viable electric vehicle, Ford Motor Co. has fallen behind rivals like General Motors and its new partner, Volkswagen AG.
However, if you listen to Jim Farley, Ford president of Global Markets, the company feels just fine about trailing the pack.
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“Our strategy is different,” Farley said last night at the Automotive News World Congress in Detroit. “In a way we had the advantage of watching what happened the first time around. What customers have told us is ‘Just give us the good stuff.’ We’re going to change a lot of people’s minds.” (more…)
Tags: Ford "Mustang-inspired" EV in 2020, Ford EV plans, Ford President Jim Farley, Ford electric vehicle plans, Ford to make money on EVs, Jim Farley Automotive News World Congress, Jim Farley Ford EVs, TheDetroitBureau.com., auto news, ford evs, ford mach 1, ford news, michael strong, thedetroitbureau
Posted in Automakers, Automobiles, Business, EVs, Electrified Vehicles, Executives, Ford, Markets, Personalities, Sales, Sales, Trends, U.S./North America | No Comments »
North American CEO warns “It’s going to be a battle” are models flood market but sales lag.
by Paul A. Eisenstein on Jan.16, 2019
Toyota's Jim Lentz believes the auto industry is putting too much stock – and money – into electric vehicles.
By various estimates, there should be as many as 100 all-electric vehicles on the market by the end of 2020, with scores more plug-ins and conventional hybrids already available. And that could pose a major challenge for automakers who are investing billions into the market to build battery-based vehicles. That includes Toyota which is investing about $1 billion to open up a new plant in U.S. in a partnership with Mazda that will, among other products, produce a new line-up of battery-electric vehicles, or BEVs.
The question is whether all that money could be going down a rathole. For the moment, at least, Tesla appears to be the only automaker making any money on battery vehicles, as a number of industry leaders pointed out during a series of events in Detroit this week.
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That included Jim Lentz, the CEO of Toyota North America, who warned that, “It’s going to be a battle,” as manufacturers struggle to grab customers in a market where “There’s not much growth.” (more…)
Tags: Jim Lentz Automotive News World Congress, Lentz EV opinions, Lentz calls for calm on EVs, Lentz notes EV sales are small, Lentz points out EV shortcomings, Lentz says EVs overrated, TheDetroitBureau.com., Toyota's Jim Lentz, auto news, paul a. eisenstein, thedetroitbureau, toyota news
Posted in Asia Pacific, Automakers, Automobiles, Business, China, EVs, Electrified Vehicles, Europe, Executives, Fuel Cell, Hybrids, Markets, NAFTA, Personalities, Sales, Sales, South America, Technology, Toyota, Trends, U.S./North America | No Comments »
In an SUV era does it matter?
by Paul A. Eisenstein on Jan.16, 2019
BMW's new flagship model, the 7 Series, is ready to hit the road, borrowing some styling cues from the X7.
In an era of exotic SUVs like the Rolls-Royce Cullinan, Bentley Bentayga and Lamborghini Urus, do sedans really matter anymore? Can a conventional four-door model still be considered a “flagship?”
That’s a question BMW is trying to answer with the launch of the updated, 2020 7 Series. But it’s takes just one look to recognize which side of the product line-up is influencing the other. With the all-new X7 set to roll into showrooms in short order, it looks like the SUV is setting the tone for the sedan.
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Just one glance at the image shown here and you’ll see what that means. As a midcycle update, there’s a limit to what the Bavarian marque can achieve, since it won’t be able to change the underlying platform for a few years. Nonetheless, you can’t miss the massive new version of the traditional BMW double-kidney grille that looks like it was lifted whole from the new X7. (more…)
Tags: 2020 BMW 7 Series, BMW 7 Series borrows from X7, BMW letting SUVs drive sedan styling, BMW sedan news, BMW's new 7 Series, TheDetroitBureau.com., auto news, bmw news, new BMW flagship, paul a. eisenstein, thedetroitbureau
Posted in Asia Pacific, Automakers, Automobiles, BMW, Business, China, Designers, Europe, Executives, Luxury Vehicles, Markets, NAFTA, Personalities, SUVs, Sales, Sales, Sedans, South America, Trends, U.S./North America | No Comments »
Company working on making vehicles U.S. compliant.
by Michael Strong on Jan.15, 2019
GAC Motor President Yu Jun (center) says the company will be ready to enter the U.S. market in 2020.
The first Chinese automaker expected to make an incursion into the U.S. market has put on the brakes for a little while. GAC Motor is delaying its entry into the U.S. market until 2020, due in part to ongoing trade tensions between the U.S. and China.
However, it may not be as simple as the trade climate between the two economic superpowers is too volatile for a Chinese company to set up shop in the U.S. right now.
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Yu Jun, GAC Motor president, told TheDetroitBureau.com that the automaker was still working on getting its vehicles ready for the U.S. market. He believes they meet regulatory standards now, saying the company was working with U.S. regulatory agencies to ensure compliance. However, he wouldn’t confirm they met U.S. spec yet, preferring to say the will when they come to the U.S. (more…)
Tags: GAC Detroit Auto Show, GAC Motor coming in 2020, GAC President Yu Jun, GAC coming to U.S., GAC news, GAC pushes back U.S. market entry, GAC seeks dealers, GAC working on U.S. vehicle compliance, NAIAS 2019, TheDetroitBureau.com., auto news, michael strong, thedetroitbureau
Posted in Auto Shows, Automakers, Automobiles, Business, China, Crossovers/CUVs, Detroit, Executives, Financing, GAC, Markets, Personalities, SUVs, Sales, Trends, U.S./North America | No Comments »
Luxury brand wants to downsize its ambitions.
by Paul A. Eisenstein on Jan.15, 2019
Infiniti's new boss, Christian Meunier, plans to streamline the luxury brand's product portfolio.
Nissan’s luxury division Infiniti has a new president. And Christian Meunier has a new strategy for the brand, one that downsizes the marque’s line-up but which he is confident will also make Infiniti more nimble and responsive to changing consumer trends.
The automaker offered a hint of where it is going during a news conference at the North American International Auto Show in Detroit on Monday – or at least it tried to. But the QX Inspiration Concept vehicle didn’t want to cooperate, refusing to budge from its hiding spot behind the stage. It was eventually towed out almost two hours after the event ended.
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Glitches aside, the electric concept vehicle is meant to showcase a variety of trends Infiniti is looking at, including autonomous and electrified technologies, as well as the shift from conventional sedans and coupes to SUVs and CUVs. While the timing for Infiniti’s first self-driving vehicle to reach market is uncertain, it intends to “electrify” all of its models by 2021, whether using pure battery-electric power or as plug-in hybrids. (more…)
Tags: Christian Meunier, Infiniti line-up changes, Infiniti's new CEO, Meunier changing Infiniti product offerings, Meunier shrinking Infiniti portfolio, NAIAS 2019, TheDetroitBureau.com., auto news, infiniti detroit auto show, infiniti news, infiniti qx inspiration, paul a. eisenstein, thedetroitbureau
Posted in Auto Shows, Automakers, Automobiles, Business, Crossovers/CUVs, Detroit, EVs, Executives, Financials, Hybrids, Infiniti, Luxury Vehicles, Markets, Personalities, SUVs, Sales, Sales, Sedans, Trends, U.S./North America | No Comments »
Carmakers will focus first on midsize pickups, light commercial vehicles.
by Paul A. Eisenstein 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.
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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…)
Tags: Ford Motor Co. and Volkswagen AG, Ford and VW working together, Ford and Volkswagen deal, TheDetroitBureau.com., VW and Ford reach a deal, auto news, ford news, paul a. eisenstein, thedetroitbureau, vw news
Posted in Asia Pacific, Auto Shows, Automakers, Automobiles, Autonomous Driving, Business, China, Detroit, Driverless Vehicles, EVs, Electrified Vehicles, Europe, Executives, Ford, Funding, Infotainment, Markets, NAFTA, Personalities, Pickups, SUVs, Safety, Sales, South America, Technology, Trends, U.S./North America, Union, Volkswagen | No Comments »
Automaker plowing $800M into new plant.
by Joseph Szczesny 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.
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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…)
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Posted in Auto Shows, Automakers, Automobiles, Business, Detroit, EVs, Electrified Vehicles, Europe, Executives, Markets, NAFTA, Personalities, Sales, Technology, Trends, U.S./North America, Volkswagen | No Comments »
“We are looking at other things,” VW’s Diess tells TheDetroitBureau.com.
by Paul A. Eisenstein 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.
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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…)
Tags: Ford Motor Co. and Volkswagen AG, Ford and VW working together, Ford and Volkswagen deal, TheDetroitBureau.com., VW and Ford reach a deal, auto news, ford news, paul a. eisenstein, thedetroitbureau, vw news
Posted in Auto Shows, Automakers, Automobiles, Business, Detroit, Executives, Ford, Markets, NAFTA, Personalities, Sales, U.S./North America, Volkswagen | 1 Comment »
Targeting the tuner crowd with sporty looks and performance and “compelling price points.”
by Paul A. Eisenstein on Jan.14, 2019
The 2020 Hyundai Elantra GT N Line gives the South Korean brand another entry into the hot hatch segment.
Hyundai continues evolving away from its roots as a basic econobox brand, and the Elantra GT N Line coming to the North American International Auto Show suggests the Korean carmaker will be delivering a lot more sporty products going forward.
The GT becomes the first American offering to carry Hyundai’s new N Line badge – but it clearly won’t be the last. Globally, we’ve already seen several more models added to the performance sub-brand, Veloster N, i30 N and i30 Fastback N, with more expected to follow.
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“Hyundai N models satisfy the needs of performance-oriented enthusiasts with exclusive, custom-tuned powertrain and chassis applications,” said Thomas Schemera, executive vice president of Hyundai Motor Group’s Product Planning & Strategy Division.” “N Line is designed for those buyers craving N’s sporty styling cues coupled with performance-tuned suspension upgrades, all at compelling price points.” (more…)
Tags: 2020 Hyundai Elantra GT N Line, Hyundai hot hatch, Hyundai's first U.S. N Line offering, TheDetroitBureau.com., auto news, hyundai news, new Elantra GT N Line, new faster Elantra, paul a. eisenstein, sporty Elantra offering, thedetroitbureau
Posted in Auto Shows, Automakers, Automobiles, Business, Detroit, Executives, Hyundai, Markets, Personalities, Sales, Sales, Sedans, Sports Cars, Trends, U.S./North America | No Comments »
This could be “a direct blueprint” for the first pure-electric Infiniti.
by Paul A. Eisenstein on Jan.14, 2019
Infiniti revealed the all-electric QX Inspiration concept at the 2019 NAIAS on Jan. 14.
It’s been nearly a decade since Infiniti first promised to bring a battery-electric vehicle into its line-up, the automaker quickly deciding not to go with a gussied-up version of the decidedly down-market Leaf sold by parent brand Nissan.
With Infiniti now trying to plug back in and promising that it will electrify virtually everything in its line-up by 2021, you can expect to get a good idea of what’s coming with the QX Inspiration Concept making its debut at the North American International Auto Show in Detroit.
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“The Infiniti QX Inspiration marks the beginning of a new generation of Infiniti cars and establishes a direct blueprint for the brand’s first electric vehicle,” said Christian Meunier, the luxury brand’s new president and chairman. “Based on a new, dedicated electric vehicle architecture and inspired by Infiniti’s Japanese DNA, the SUV concept previews a product portfolio which will offer high performance, ultra-low emissions and range confidence.” (more…)
Tags: Infiniti EV Detroit, Infiniti QX Inspiration battery-car concept, Infiniti electric concept Detroit Auto Show, NAIAS 2019, TheDetroitBureau.com., auto news, new Infiniti battery electric, paul a. eisenstein, thedetroitbureau
Posted in Advertising, Auto Shows, Automobiles, Business, Concept Cars, Crossovers/CUVs, Detroit, EVs, Electrified Vehicles, Infiniti, Luxury Vehicles, Markets, Nissan, Sales, Technology, Trends, U.S./North America | No Comments »
