Archive for the ‘Business’ Category

Marchionne Confirms Plan for Ferrari SUV, Hints at Battery Supercar

“Ferrari Utility Vehicle” will be world’s fastest, promises CEO.

by on Jan.17, 2018

Sergio Marchionne said Ferrari will produce a sport-utility vehicle, like competitors Lamborghini, Porsche and others.

There are SUVs, CUVs and, soon, there will be an FUV. And before you try to guess what that means, Sergio Marchionne calls it the Ferrari Utility Vehicle – though considering the disdain some of the brand’s gold chained owners often display, you might come up with a different interpretation.

Rumors of a Ferrari sport-utility vehicle have been circulating for some time, and after dropping some earlier hints, Marchionne made it absolutely official during a series of appearances and conversations at the North American International Auto Show this week.

Stay Plugged In!

The executive, who heads both Fiat Chrysler Automobiles and the Ferrari brand it spun off two years ago, suggested that we could see the new hyper-ute by sometime next year or into 2020, emphasizing his intent for it to be the world’s fastest utility vehicle. (more…)

Infiniti Will Be “All Electrified” After 2021, Says New CEO

Hiroto Saikawa also hints that Renault-Nissan-Mitsubishi Alliance may seek a fourth partner.

by on Jan.16, 2018

Nissan's Hiroto Saikawa told attendees at the Automotive News World Congress that Infiniti will be electrified by 2021.

Luxury brand Infiniti will rapidly shift away from conventional powertrains and will be “all electrified,” with the exception of some large SUVs by 2021, according to the automaker’s new CEO Hiroto Saikawa.

The auto industry, as a whole is rapidly beginning to electrify as it comes under increasing pressure from regulators around the world. But the plan for Infiniti is one of the most aggressive moves so far announced by any automotive brand with the exception of Volvo which will switch to only hybrid, plug-in or pure battery-electric power for all new models launched by 2018.

Product News!

“Infiniti will have a specific focus on electrification,” said Saikawa, who replaced Carlos Ghosn as CEO of Nissan Motor Co. on April 1, 2016. “We are trying to position Infiniti as the premier electrified brand” as part of the five-year plan that will extend through 2022. (more…)

Cadillac Takes Aim at New Record

Division chief says there is still work to be done.

by on Jan.16, 2018

Cadillac President Johan de Nysschen said the luxury division is enjoying strong sales, but still has work to do.

Cadillac expects to set another global sales record in 2018 thanks to the strength of strong sales in China where the brands sales of surpassed more than 200,000 units in just four years.

Johan de Nysschen, General Motors executive vice president and Cadillac Global president, spread that bit of good news during an appearance at the Automotive News World Congress today; however, he added that Cadillac’s transformation is still very much a work in progress.

Subscribe Now!

U.S. sales dropped last year and Cadillac is still grappling with cultural issues, particularly with its dealer organization in the United States, which has long depended on deals to help move the metal, he acknowledged. Cadillac will continue to face challenges in the U.S. again this year. (more…)

General Motors Expecting Big Profits for 2018

Company expects stable results in North America and China.

by on Jan.16, 2018

GM CEO Mary Barra said she believes that all of the fundamentals that brought profits to GM in 2017 are in place to repeat in 2018.

General Motors Co. expects strong earnings in 2018, as it builds on an expected record 2017 diluted-adjusted EPS as well as previous record earnings in 2016 and 2015.

GM’s bullish forecast comes on the heels of a bullish prediction for 2018 from Fiat Chrysler Automobiles N.V. Chief Sergio Marchionne, who told reporters at the Detroit Auto Show that he expected upward of $9 billion in operating profits from FCA for the full-year even as it falls short of the sales targets laid out in four-year plan set out 2014 when it predicted sales of 7 million units.

News You Can Trust!

The company’s “product cadence” will help FCA offset any potential weakening in the economic outlook, added Marchionne, who noted the company was bringing out a new version of the Jeep Cherokee and brand-new Jeep Wrangler as well as the new Ram 1500 pickup truck. (more…)

Lamborghini Says New Urus Will Soon Have Companion Model

World’s fastest SUV makes North American debut.

by on Jan.16, 2018

Lamborghini's first-ever sport-utility vehicle, the Urus, made its North American debut in Detroit.

What’s being billed as the “world’s fastest” sport-utility vehicle has made its North American debut at the Detroit Auto Show.

But the 189 mph super-ute won’t live alone in the Lambo line-up, at least not for long, officials with the Italian automaker telling TheDetroitBureau.com that they are already working on a second model that will join the Lamborghini Urus in showrooms about two years from now.

Auto Show News!

During a presentation in downtown Detroit, the Italian automaker’s Chief Technology Officer Maurizio Reggiani stressed that the Urus deserves to be viewed as a true Lamborghini, and not some sort of quirky compromise, because it “shares the strong DNA that comes from our sports cars.” (more…)

No Sale: FCA Not Negotiating with Chinese Nor Willing to Sell Off Jeep, Says Marchionne

Exec plans to release his final 5-year plan this quarter and then name his successor.

by on Jan.15, 2018

Marchionne plans to reveal his successor a few months from now but confides no women are in the running.

Fiat Chrysler Automobiles isn’t open to selling off its Jeep brand nor has it fielded any offers for a complete takeover by a Chinese company, FCA Chief Executive Sergio Marchionne said during a media roundtable at the North American International Auto Show in Detroit on Monday.

Marchionne said he wanted to clear up reports that have, in recent months, suggested Fiat Chrysler was up for sale – or that it was willing to let go of some key assets, such as the Jeep or Ram brands. But the executive did not rule out a closer relations with GAC, the Guangzhou-based automaker that serves as its partner in the Chinese market.

Breaking News!

“Without them we could not have gone as far as we have in China,” said Marchionne, who stressed “We are not going to break up (the company and) we are having no discussions with anyone in China interested in acquiring us.”

(more…)

Third-Gen Kia Forte Hitting All the Marks

The new sedan is best handling, most efficient model yet.

by on Jan.15, 2018

The third-generation Kia Forte is the automaker's best version of the sedan yet.

Kia Motors America revealed during the press preview for the North American International Auto Show an all-new the third generation Forte, which the South Korean automaker’s executives described as more comfortable, more fuel-efficient and equipped with more sophisticated technology in the compact segment.

The 2019 Kia Forte also comes with a more polished exterior design and is longer and wider than the previous iteration of the Forte, which is still one of the company’s most popular vehicles even amid the steady movement of cars buyers into crossover and sport utility vehicles.

Auto Show News!

It also integrates new driver assistance technology. In addition, the Forte comes with an all-new powertrain that utilizes Kia’s own version to a continuously variable transmission set to deliver an estimated 35 MPG combined.  (more…)

Live From Detroit!

Are Sedans a Dying Breed?

by on Jan.15, 2018

The 2018 North American International Auto Show is making big news this week and revealing some of the significant trends reshaping the auto industry.

Of course, TheDetroitBureau.com is still combing the show floor to bring stories and analysis so keeping checking the site often for additional must-know news and the latest updates. (more…)

GM CEO Barra Wants to Turn a Profit – Soon – on Electric Vehicles

New platform, high volume and cheaper batteries are key.

by on Jan.15, 2018

General Motors CEO Mary Barra recently signed off on a plan to expand the company's portfolio of electric vehicles.

While there are only a handful of long-range electric vehicles on the market right now, you can expect to see as many as two dozen or more in U.S. showrooms by the end of the decade, and several times as many five years from now.

Virtually every major automaker has promised to “electrify” its line-up, and companies like General Motors, Toyota and Daimler AG plan to put a premium on pure battery-electric models. While that may be great news for green-minded auto buyers, there’s a serious flaw in the equation for auto manufacturers, says Woong-chul Yang, the head of R&D for both Hyundai and its sibling brand Kia.

An Award Winning News Source!

“Whenever we sell eco-friendly vehicles we all lose money,” the South Korean executive told TheDetroitBureau.com after presiding over the rollout of the new Kia Niro EV at the Consumer Electronics Show last week. “Even battery vendors are losing money.” (more…)

Henrik Fisker Officially Reveals Autonomous EMotion EV

Danish designer reveals plans for a “menu of mobility” that will later include affordable electrics and driverless shuttles.

by on Jan.12, 2018

The gull-winged Fisker EMotion makes its official debut at the Consumer Electronics Show.

After months of teasers, Henrik has finally pulled the wraps off his latest project, the autonomous EMotion battery-eletric vehicle making its debut at the Consumer Electronics Show in Las Vegas.

The second attempt by the Danish designer to launch his own battery-car company, the EMotion is a stunning, gull-winged sports sedan that reportedly will offer a range of up to 400 miles, even while delivering blistering performance – top speed 161 mph – thanks to a new generation of solid-state batteries.

The Last Word!

The EMotion isn’t due to market until sometime late in 2019. But in an interview with TheDetroitBureau.com, Fisker revealed that he is already working on future products as part of a “menu of mobility” that will include a much more affordable Tesla Model 3 fighter and even a driverless shuttle along the lines of the Toyota e-Palette concept that also debuted at CES.

(more…)