Archive for the ‘Asia Pacific’ Category

Commerce’s Report on Auto Imports Affecting National Security Comes Sunday

Trump expected to do little with report right away.

by on Feb.15, 2019

President Donald Trump will soon have to decide if using punitive tariffs makes sense in negotiations.

Just days after proclaiming a national emergency that would take $8 billion from the U.S. budget to construct additional border wall between the U.S. and Mexico, President Donald Trump will be faced with another massive decision involving foreign countries.

The U.S. Commerce Department is expected to tell Trump on Sunday whether or not foreign vehicle imports constitute a national safety risk and offer suggestions on how to deal with the situation.

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He’ll have 90 days to act on the Commerce Department’s recommendation. However, President Trump already has a plan in place for the issue: a 25% tariff on vehicles imported into the country. (more…)

General Motors’ New eBikes Have ARĪVed

The bikes can travel nearly 40 miles on a charge.

by on Feb.15, 2019

The new ARĪV Merge, in red, and Meld are new eBikes created by General Motors' Mobility division.

General Motors is taking the first step in launching its bike business by launching ARĪV, its new eBike brand in Western Europe.

GM sold off its European passenger car business to PSA in 2017 said the ARĪV line will includes two innovative, integrated and connected eBikes: the Meld, a compact eBike, and the Merge, a folding eBike. The name ARĪV was selected as part of a global crowdsourcing campaign announced in November 2018.

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“The crowdsourcing campaign allowed us to bring consumers into the development of our brand,” said Hannah Parish, ARĪV director. “Combine that with our products and our blend of bike and automotive talent, and the result is a unique brand DNA.”   (more…)

VW-Ford Continue to Run Into Problems With Alliance Plans

New report: sticking point centers around autonomous vehicle program.

by on Feb.14, 2019

Ford CEO Jim Hackett, left, and VW AG CEO Herbert Diess downplayed the immediate impact their new deal.

When Volkswagen and Ford announced a joint venture focused on light commercial vehicles last month, the two automakers also confirmed they were looking at a variety of other possible partnerships – including autonomous and electrified vehicles – but there are growing signs that the negotiations aren’t going as well as expected in several areas.

As TheDetroitBureau.com reported earlier this week, talks on aligning VW and Ford electric vehicle programs are faltering because of significant differences in strategy – and now, reports the Reuters news service, there may be serious challenges surfacing that could prevent them from teaming up on the development of autonomous vehicles, as well.

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The key issue, the news service says, is Ford’s demand that the German carmaker invest at least $500 million in its own autonomous vehicle program. That would be in line with the investment Honda recently made when it decided to partner up with General Motors on autonomous vehicle research. (more…)

Audi Teases Q4 e-tron Concept Ahead of Geneva

Expected to be one of 12 all-electric models from luxury brand.

by on Feb.14, 2019

Audi's newest addition to its EV family is set to debut at the Geneva Motor Show, and the company gave us a peek a the new Q4 e-tron.

The Volkswagen Group last week confirmed plans to roll out “50+” battery-electric vehicles by 2025 and, it seems, fully a dozen of those will be sold through its high-line luxury brand.

The first of these, simply dubbed the Audi e-tron, is set to go on sale later this year, while a production version of the e-tron GT Concept unveiled at last November’s L.A. Auto Show will hit the road next year. And now, ahead of next month’s Geneva Motor Show, we’re getting a first look at the Audi Q4 e-tron that will follow by no later than the first half of 2021.

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As the Q4 name suggests, the next all-electric model will be a crossover, reflecting the fact that battery-electric vehicles won’t be immune from the rapid shift from cars to light trucks sweeping across the global auto industry. (more…)

Shake-Up and Setback for Ghosn

Former Nissan chief cuts legal team; likely to lose Renault payout.

by on Feb.13, 2019

Carlos Ghosn fired his legal team, replacing them with a lawyer known as "the razor."

Carlos Ghosn, the former Nissan chairman facing charges of financial corruption, has shaken up his legal team in an effort to reverse a series of setbacks that have resulted in his being held in solitary confinement in a Tokyo prison since last November.

Ghosn is replacing his lawyers with a new team led by a high-profile defense attorney known in Japan as “the razor,” for his ability to win acquittals in a number of high-profile cases. That’s relatively rare in Japan where prosecutors claim conviction rates of more than 90%.

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Separately, Renault is ready to scrap about $34 million in deferred pay and severance Ghosn stood to collect after tendering his resignation last month. Nissan’s French alliance partner is also expected to drop a two-year non-compete clause, which would free up Ghosn to join another automaker once released from Japanese prison, Reuters news service reported. (more…)

Millions More Vehicles with Takata Airbags Yet to Face Recall

Automakers, regulators continue fix slowed by lack of replacement parts.

by on Feb.12, 2019

Takata's faulty airbag inflators have been linked to 24 deaths and hundreds of injuries.

Nearly 2 million vehicles have been recalled this month to replace airbag inflators blamed for dozens of deaths around the world, but millions more are expected to be targeted in the U.S. alone by early next year.

The problem was caused by faulty airbags produced by Japanese auto supplier Takata Corp., the inflators potentially failing over time. When that happens, they can inflate too aggressively, sending shrapnel spewing into the passenger compartment. So far, at least 23 people are known to have died due to the defect – most of them in the U.S. – with hundreds more injured.

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The Takata airbag recall is not only the largest safety-related service action in U.S. history, but also the longest-running recall, with the first advisories going out to vehicle owners back in 2001. It took years for industry leaders, regulators and safety experts to agree on the extent of the problem, but it is now dragging out due to a shortage of replacement inflators. (more…)

Ghosn Affair Hits Nissan’s Bottom Line, Along with Weak Sales

Automaker downgrades future earnings forecast.

by on Feb.12, 2019

Nissan is taking an $83.2 million charge against earnings due to the scandal surrounding Carlos Ghosn.

Nissan Motor Co. warned that its earnings for the fiscal year ending March 31, could be about the lowest the carmaker has seen in six years.

Nissan now expects to earn 410 billion yen, or $3.7 billion, for the fiscal year, a 45% year-over-year decline. It originally projected a 500 billion yen, or $4.5 billion profit.

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The second-largest of the Japanese automakers put most of the blame on sliding sales in the U.S. and China, its two largest markets. But it also revealed that it has logged an $83.2 million charge related to the scandal that began with the arrest last November of its former Chairman Carlos Ghosn. (more…)

Tesla Out of Cheaper Model 3s, Stakeholder Cuts Share in Half

T. Rowe Price halves stake from 10.12% to 5.2%.

by on Feb.11, 2019

The mad rush to blow out Model 3s at the end of the year has left Tesla with very few Model 3s to deliver.

Tesla CEO Elon Musk recently said that the company would face some stiff headwinds in the early part of this year, and now some of those issues are now coming to light … as are the consequences.

The company’s last recent round of layoffs were unexpected, but were initially seen positively as analysts suggested the company would need to find ways to cut costs. However, according to Reuters, one of the teams that were cut significantly should have raised alarm bells sooner.

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Reuters reports that Tesla’s delivery team saw 150 of 230 employees lose their jobs. The Las Vegas-based group was largely responsible for delivering the company’s savior vehicle: the Model 3.  (more…)

Want a 205 mph BMW 7-Series? Here Comes the New Alpina B7

What else could you want for $141,700?

by on Feb.11, 2019

Alpina is going where the folks at BMW fear to tread by producing its own version of the M7 named the B7.

There’s long been a yawning gap in the BMW line-up. While virtually everything the automaker now offers is available with an “M” option, the Bavarians have resolutely refused to offer an M7 model. But that’s where Alpina, a German tuner with a long relationship with BMW comes in.

And it’s about to launch its own take on a performance version with the debut of the latest-generation Alpina B7. The sixth-generation sedan – and the third generation of Alpina B7s to make it to the U.S. – starts out from where the newly updated 2020 BMW 7 Series leaves off.

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If anything, the 2020 Alpina B7 adds even more luxurious details to the latest BMW 7, while also boosting performance significantly, the full-size sedan now able to hit 60 in a mere 3.5 seconds before racing to a top speed of 205 mph – 12 mph faster than the prior-generation B7. (more…)

Alfa Romeo Bringing Back 4C Spider for 2020

It will enjoy a limited run of just 15 cars.

by on Feb.11, 2019

The 2020 Alfa Romeo 4C Spider Italia will be a limited-edition vehicle this year with just 15 units.

Despite rumors floating around of its imminent demise, the Alfa Romeo 4C Spider will stay around for the 2020 model year, officials from Fiat Chrysler Automobiles have confirmed.

Alfa Romeo unveiled the limited-edition 2020 4C Spider Italia for North America with its limited production run of only 15 vehicles, during the press preview at the Chicago Auto Show. In keeping with the special color and badges, each car will be numbered.

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Ben Lyon, FCA product expert, said the Alfa Romeo 4C Spider Italia, which is hand-built in a factory in Italy, offers enthusiasts a chance to own a unique mid-engine design inspired by the brand’s legendary racing history and the essential sportiness embedded in the brand’s DNA.  (more…)

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