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Posts Tagged ‘2015 la auto show’

Elio Opens Stock Offering to Public

Start-up falls short in initial fundraising effort.

by on Dec.03, 2015

The latest Elio prototype made its debut at the LA Auto Show just last month.

Willing to risk some cash to help bring a radical new automotive concept to market? Does Paul Elio have a deal for you.

The founder and CEO of start-up Elio Motors has announced that his newly public company is opening up its first stock offering to the general public in a bid to raise $25 million. That would allow it to take the next in a series of steps that could bring to market a 2-seat car capable of getting 84 miles per gallon and costing just $6,800.

Breaking News!

Elio Motors revealed the latest prototype, dubbed the P5, at the Los Angeles Auto Show last month and said it hopes to stick with its plan to begin production at an old GM plant in Shreveport, Louisiana by late next year.

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Jaguar-Land Rover Not Ready to Plug In

by on Nov.25, 2015

A Jaguar F-Type with JLR CEO Ralf Speth and Tata Motors founder Ratan Tata.

When it revealed a trio of battery-based prototypes, collectively known as Concept_e, in September, Jaguar Land Rover appeared ready to join key rivals set to electrify their luxury line-ups.

But talk of plug-in and pure battery-electric SUVs and sedans may be a bit premature, according to JLR Chief Executive Ralf Speth. While “it is clear” the British maker will eventually have to go that route to meet tough new global emissions and mileage mandates, “it will take quite a while,” he told TheDetroitBureau.com during an interview.

Global News!

“There is only one way you have to go” because of the new rules, said Speth, but JLR is waiting for improved batteries and an expanded charging infrastructure before it makes a serious push into electrification beyond the diesel hybrid Land Rover model it introduced in Europe.

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Where’s Charlie? Has Fiat Cut Sheen?

Project for Fiat 124 Spider with controversial actor put in the “drawer.”

by on Nov.20, 2015

Charlie Sheen with actress/model Catrinel Menghia in the Fiat Abarth commercial.

Despite generating plenty of buzz with an earlier commercial for the Italian brand, Fiat has decided to put in the “drawer” a commercial it was putting together for the new Fiat 124 Spider that featured legendary Hollywood “bad boy” Charlie Sheen.

The move comes at a time when the controversial actor is back in the news, revealing he is HIV positive. That, in turn, has prompted some former partners to threaten to bring lawsuits against Sheen for allegedly failing to advise them of his health problems.

The Full Story!

A still-incomplete video featuring Sheen driving wildly in the new roadster was played for several dozen reporters during a sneak preview of the new Fiat 124 Spider at parent Fiat Chrysler’s headquarters in Auburn Hills, Michigan on November 3rd. But it was notably absent from the public unveiling of the 2-seater at the Los Angeles Auto Show this week, prompting speculation there may be a connection to Sheen’s latest troubles.

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Elio Brings 84 mpg, $6,800 3-Wheeler a Big Step Closer to Production

Detroit start-up going public, hopes to raise cash infusion needed to launch plant.

by on Nov.19, 2015

The near production-ready Elio.

L.A. Auto Show-goers are getting a first look at the production version of the unusual 3-wheel hyper-miler planned by Detroit start-up Elio Motors.

The company is finally testing a version of the two-seater — which is expected to get around 84 miles per gallon – using its own, unique engine. And it plans to launch production at an old General Motors plant in Shreveport, Louisiana, by the fourth quarter of 2016. But there is a catch.

Auto Show News!

Founder and CEO Paul Elio told TheDetroitBureau.com his company has so far locked down only $75 million in funding, a quarter of what it needs to start its assembly line. It thinks it has commitments to bring that up to $100 million, but must yet find the rest of the funding.

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Cadillac Planning CUV Blitz

Latest addition will target downsized imports like BMW X1.

by on Nov.19, 2015

The Cadillac XT5 at its LA debut, along with Caddy Pres. Johan de Nysschen and GM global product development director Mark Reuss.

With the official L.A. Auto Show debut of the Cadillac XT5, the Detroit luxury brand plans an unprecedented assault on the booming utility vehicle market, with three other crossover-based models under development.

That’s one more CUV than Caddy officials had previously confirmed, TheDetroitBureau.com has learned, the latest planned addition meant to target the likes of the Audi Q3 and BMW X1. It will enter one of the world’s fastest-growing vehicle segments, senior company officials said.

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“We keep expanding the plan,” said Johan de Nysschen, president of the Cadillac brand. The decision was made because such compact utility vehicles are experiencing “strong growth in China, and as more Millennials enter the luxury segment that will expand growth in the U.S., as well.

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2016 Chevrolet Volt Named Green Car of the Year

Second win for Chevy Plug-in Hybrid.

by on Nov.19, 2015

Green Car Publisher Ron Cogan, Chevy Marketing Director Steve Mojoras and the 2016 Volt.

The completely redesigned 2016 Chevrolet Volt has been named Green Car of the Year, repeating a victory it claimed when the original plug-in hybrid debuted a half-decade ago.

The Volt knocked down an impressive list of competitors that included the new, fourth-generation 2016 Toyota Prius, the world’s best-selling hybrid-electric vehicle.

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A Winner!

“This is certainly something special,” proclaimed Steve Mojoras, Chevy’s marketing manager, after accepting the crystal trophy at the L.A. Auto Show event. “This is a hard market to crack. This is the Super Bowl of green car awards, so it adds instant validation.”

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Honda Has Broader Plans for New Hydrogen Car Platform

Along with new fuel-cell model, battery-car, plug-in hybrid models to follow.

by on Nov.19, 2015

The new Honda Clarity will soon offer a plug-in hybrid and pure battery option, along with the hydrogen-powered version soon going on sale.

Honda has become the latest automaker to launch a fuel-cell vehicle on the U.S. retail market, unveiling the production version of the Clarity hydrogen car at the L.A. Auto Show on Wednesday.

But the project is creating a bit of confusion because Clarity is more than just a hydrogen car. It is actually a flexible platform that will eventually be used for a wide variety of alternative-power vehicles, including a plug-in and a pure battery-electric vehicle, or BEV, American Honda chief John Mendel told TheDetroitBureau.com.

Plug-In!

Clarity “will be the platform for at least two” other clean models, Mendel explained during an L.A. interview, adding “It will be another pillar for us,” allowing Honda to expand its alternative offerings “in a more mainstream way.”

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VW, Audi Officials Apologize, Try to Look Beyond Diesel Scandal at LA Show

VW meeting with EPA; gift cards going out to 120,000 TDI owners.

by on Nov.19, 2015

VW CEO Michael Horn was surrounded by reporters after the maker's LA news conference. Photo courtesy Michael Rose.

Volkswagen will have a solution “soon” for owners of diesel models tainted by an emissions rigging scandal, the company’s U.S. chief executive said during a news conference at the Los Angeles Auto Show. In the meantime, noted Michael Horn, a “goodwill package” including $1,000 in gift cards and dealership credits are about to head out to 120,000 of those consumers.

The ongoing scandal dominated the events scheduled for both Volkswagen and its upscale sibling, the Audi brand, during the L.A. show, and officials from both marques again apologized before trying to turn back to their plans for the future.

Breaking News!

Industry analysts have suggested that Volkswagen is already feeling the impact of the diesel rigging crisis which impacts 482,000 vehicles sold in the U.S., but the Audi brand, which only has one model impacted, has largely been unscathed, Audi of America President Scott Keogh telling reporters, “We’ll have a record November and a record December.”

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New 2016 Mazda CX-9 Shows its Soul in Motion

Three-row crossover picks up on design theme of Koeru Concept.

by on Nov.18, 2015

The 2016 Mazda CX-9 picks up on the latest take on the Kodo design language.

Mazda has been offering us plenty of hints lately about its future design direction, but now it’s time to get down to business as it rolls the new CX-9 people-mover onto the stage at the L.A. Auto Show.

Adopting the latest interpretation of its Kodo design language, the 2016 Mazda CX-9 avoids the traps of a minivan, showing that three-row functionality can also be visually appealing. The new model also adopts the SkyActiv design philosophy, which translates into a big bump in fuel economy while also enhancing ride and handling, Mazda claims.

News Now!

“The focus was on authenticity,” it declares, “an experience rather than simply another commodity conveyance.”

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Volvo Unveils Autonomous Concept 26 at LA Auto Show

Concept vehicle meant to show "how luxury autonomous cars will integrate into daily life.”

by on Nov.18, 2015

Inside the Volvo Concept 26, the driver's seat laid back to snooze or watch TV.

Like it or not, autonomous vehicles appear to be right around the corner. And they’re likely to have a significant impact on the way we live our lives on the road.

But beyond having the ability to take our hands off the wheel, what exactly does that mean? That’s something Volvo aims to demonstrate with the debut of the Concept 26. The self-driving show car, the maker explains, offers a hint of “how luxury autonomous cars will integrate into daily life.”

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“Volvo Concept 26 addresses the notion that driving can still be fun and liberating on the right day and on the right road,” says Anders Tylman-Mikiewicz, the general manager of Volvo’s Concept Center, where the prototype was developed.

But on the wrong day or the wrong road, autonomous vehicles can ease the strain of the daily commute which, “in many metro areas,” he adds, “is stressful, frustrating and even broken.”

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