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Trump Wants Boycott of Harley-Davidson

President tweets support of motorcycle boycott.

by on Aug.13, 2018

President Donald Trump has once again turn his focus on Harley-Davidson, with support of a boycott of the American motorcycle maker.

President Donald Trump is attempting to rally Harley-Davidson owners to boycott the company if it moves any of its production overseas.

In a tweet, Trump said that “many” Harley owners were going to boycott the company. The company earned the president’s ire after it announced plans to build some motorcycles at overseas locations to avoid the steel tariffs put in place by the Trump administration as well as the retaliatory taxes enacted by the European Union in responses.

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The company said it would lose as much as $100 million annually due to the move, which would raise the price of the motorcycle by more than $2,200. It also noted that all bikes sold in the U.S. are made in the U.S. (more…)

Ford Preparing Hybrid Version of Mustang

New powertrain will be about performance, not fuel economy.

by on Aug.09, 2018

Ford EVP Jim Farley took time during the celebration of the 10 millionth Mustang to discuss the evolution of the Mustang, including the upcoming hybrid model.

Ford Motor Co. is eager to keep the buzz around the Mustang alive as the company makes the transition to a world where autonomous and electrified vehicles are common, one of the company’s top executives told reporters after the automaker marked the production of the 10 millionth Mustang.

Jim Farley, executive vice president and president of Global Markets, said the long-running success of the Mustang, which has become a global brand, can serve as a beacon for the company as it goes through what amounts to once-every-100-years transition.

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“Mustang is the heart and soul of the Ford Motors Co. It’s a global product and it’s one of the reasons we’re different as a company.” Farley said. “It inspires other vehicles in the line-up. The ‘Mustangness’ of the company is starting with its products,” such the electric vehicles Ford has under development now. “The company has confidence in the Mustang and it knows the customer really well. (more…)

Ford Celebrates Production of 10 Millionth Mustang

Just like the first one, it came out Wimbledon White.

by on Aug.08, 2018

Ford marked the production of the 10 millionth Mustang with a huge party, including the very first Mustang built. Both are in Wimbledon White.

Ford Motor Co. celebrated the building of 10 million Mustangs in style with a parade, air show and lunch for hundreds at the assembly plant outside Detroit in Flat Rock, Michigan, where the fabled pony car is now built.

A parade of 54 Mustangs, one from each year the car has been sold during the past half century since it debuted at the 1964 World’s Fair in New York City was organized in the parking lot in front of Ford World Headquarters in Dearborn, Michigan.

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As the Mustang owners sipped coffee and munched on donuts, they talked about how much their lives intertwined with the car and its storied history that includes a starring role in more movies than any other vehicle. (more…)

Nissan Selling Electric Vehicle Battery Business

Automaker offloading group to China's Envision.

by on Aug.08, 2018

Nissan is selling its EV battery operations, including the plant in Tennessee, to Envision, a Chinese company.

Nissan is preparing to sell its battery business, including a piece in the United States, to a company, based in China, specializing in production of sustainable energy, the automaker announced.

The deal covers Nissan assets in Japan, United Kingdom and U.S., including a battery factory in Smyrna, Tennessee that now employs 400.

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Nissan Motor Co. said it has entered into a definitive agreement with Envision Group, a sustainable energy operator, for the sale of Nissan’s electric battery operations and production facilities to Envision. Nissan will retain a 25% stake in a new company set up when the deal with Envision Group closes. (more…)

Advanced Driver Assistance Systems Could Cause, Not Prevent Crashes, Warns New IIHS Study

Drivers may expect new systems, like Tesla Autopilot, to completely take over driving duties.

by on Aug.07, 2018

Tesla's own semi-autonomous Autopilot tech came under suspicion after this January crash.

Federal safety investigators raced to the scene of a crash involving a Tesla Model S sedan last January after the vehicle slammed into the back of a firetruck stopped on a California highway, regulators wanting to know why that happened despite the vehicle using the carmaker’s advanced driver assistance system specifically designed to prevent such a crash.

“ADAS” systems are being introduced on a wide range of vehicles and, according to industry experts, could substantially reduce the number of crashes, injuries and fatalities on U.S. roads. But a new study by the Insurance Institute for Highway Safety raises serious concerns about the technology. After testing five different systems offered by four automakers, IIHS warns that even though ADAS can prevent some accidents, the technology also could miss some potential problems and, in some situations, actually steer into a crash.

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A major concern is that these new, semi-autonomous systems still require drivers to be constantly vigilant, and occasionally intervene, said IIHS chief researcher David Zuby. But that’s often easy to forget. “If the systems seem too capable, then drivers may not give them the attention required to use them safely.” (more…)

Toyota Motor Reports Increased Q1 Profits

Strong sales in U.S. and cost-cutting efforts pave way to profits.

by on Aug.03, 2018

Toyota's Masayoshi Shirayanagi noted that increased trade tensions and U.S. tariffs will eat into Toyota's bottom line.

Toyota Motor Corp. rode a wave of increased sales and decreased costs to a 7.2% increase in net income in its fiscal first quarter of 2018. Revenues also increased 4.5% during the quarter.

The company also announced it was ending its partnership with Isuzu Motor Ltd. The companies built diesel engines, but with oil burners falling out of favor, replaced by EVs and potentially fuel cells down the road, the two sides will split.

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Toyota owns a 5.89% stake in Isuzu. (more…)

Tesla Q2 Losses Double, But Profits Promised in Q3

Investors happy to see capex spend drop, stock jumps nearly 5%.

by on Aug.01, 2018

Tesla CEO delivered enough positives in the second quarter to excite investors. The company's stock rose 5% in after hours trading.

Tesla Inc.’s mad dash efforts to meet its ever-shifting production quotas didn’t result in a narrowing of financial losses for Q2, not that CEO Elon Musk implied that. However, the end result was a doubling of losses on a year-over-year basis.

In the second quarter of 2018, Tesla’s automotive business saw revenue rise to $3.1 billion compared with $2 billion for the same period last year; however, losses jumped to $717.5 million, or $4.22 a share, from $336.4 million, or $2.04 a share.

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However, the letter produced to explain the quarterly results suggests that only good times are on the horizon despite the company missing analyst expectations for losses this quarter. Ultimately, shareholders were pleased with the results as the stock jumped nearly 5% after hours on the news.  (more…)

Audi Set to Reveal PB 18 e-tron Concept

Pebble Beach debut sets in motion Audi’s entry into battery-car market.

by on Jul.30, 2018

For now, Audi is billing the PB 18 as a concept, but could it be working up a challenge to the planned Tesla Roadster electric supercar?

With its first long-range battery-electric SUV set to make its launch later this year, Audi is setting the stage for its entry into the emerging market with the upcoming debut of the PB 18 e-tron Concept.

The name is a bit of code, though one not difficult to figure out, as the electric supercar will be unveiled during this coming month’s series of classic car events capped off by the Aug. 26 Pebble Beach Concours d’Elegance.

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“It also recalls the LeMans-series winner Audi R18 e-tron, whose technology inspired the solutions for various details,” the German automaker says in a statement accompanying this teaser image, adding that, “The Audi PB 18 e-tron was conceived and designed by the new Audi Design Loft in Malibu, California.” (more…)

Daimler AG Pushing Forward on Restructuring Plans

Company's move to split into three units provides more freedom.

by on Jul.26, 2018

Daimler AG is splitting into three separate entities to improve efficiency and profitability.

Daimler AG took another step toward a restructuring aimed at giving its three key operating units – cars, trucks and financial services – greater freedom and flexibility.

The plan approved by the company’s supervisory board this week creates three new operating companies while the parent company, Daimler AG, retains oversight and governance, according to the company’s announcement.

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“The new structure positions Daimler to tackle the rapid pace of change in the mobility sector and the corresponding strategic challenges. Legally independent divisions will sharpen our focus on the future success of the business.” Manfred Bischoff, chairman of the Supervisory Board of Daimler AG. (more…)

Audi Rolls Out All-New, 2019 Q3

Crisper exterior, bigger interior, more tech toys.

by on Jul.26, 2018

Audi has a new entry for the small luxury utility market that is growing by leaps and bounds in the U.S.: the 2019 Q3.

Audi has been moving on two critical trends in the luxury car market, both moving both down-market and expanding its presence in the fast-growing utility vehicle market. It scored with the original Q3 that combined both trends into one package and, for 2019, it’s hoping to hammer another one out of the park with the second-generation of its compact crossover.

The Q3 comes along at a busy time for Audi which, among other things, is also launching a new range-topper, the big Q8 utility vehicle. For the U.S., the Q3 is the smallest crossover it offers, and the all-new version comes just four years after the North American debut of the original.

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The new model grows in every dimension, both outside and in, while also adopting a bolder, more muscular appearance that bears the clear stamp of Marc Lichte, Audi’s design director who came onboard a few years back, promising to shake up the brand’s styling language. But what may particularly appeal to the generally younger buyers is that the 2019 Audi Q3 features a suite of new, high-tech features. (more…)

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