Archive for the ‘Sales’ Category

Teslaquila Coming to a Party Near You? Trademark Filing by Musk Says Likely Yes

Flame throwers. Surf boards. Tequila? Maybe.

by on Oct.15, 2018

Is this Tesla CEO Elon Musk's latest short-term brainchild to make some cash or could it be a viable enterprise.

Tesla. SpaceX. The Boring Co. Teslaquila? In late spring, Tesla CEO Elon Musk poked fun at Tesla critics in a playful tweet suggesting he had seen the writing on the wall and drown his sorrows in several bottles of “Teslaquila.”

That soon could be reality. Not the passing out part, but the tequila named after the company could after he filed an “intend to use” trademark application Monday for a tequila called Teslaquila.

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Neither Musk nor Tesla officials have elaborated on the filing, but the application implies a “good faith intention” to use the trademark in the future. Now Musk has a history of creating “businesses” on a whim, such as Not a Flamethrower flamethrowers, Tesla surfboards and others. (more…)

GM Offers First-Ever Extended Bumper-to-Bumper Warranty

Company claims it could raise resale values.

by on Oct.15, 2018

GM's new extended warranty is accepted at all GM dealers across the U.S.

The difference between buying one new vehicle or another can often come down to the tiniest of things, but General Motors is now offering a big thing that it hopes will make a big difference: an extended bumper-to-bumper warranty.

The company is offering what it is calling the first ever true extended bumper-to-bumper warranty that covers Chevrolet and GMC products for five years or 60,000 miles, whichever comes first, while Cadillac and Buick owners can get a six-year or 75,000-mile warranty.

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“One of the best things about buying a new vehicle is the peace of mind that comes with the warranty,” said Ken Mac, director of Chevrolet, Buick, GMC, Cadillac Protection.  (more…)

First Drive: 2019 Volvo S60

Stylish, sporty and, of course, loaded with the latest safety features.

by on Oct.15, 2018

The 2019 Volvo S60 R-Design features a 400-hp plug-in hybrid drivetrain.

It wasn’t all that long ago that we began to wonder if the Swedish auto industry was headed for Valhalla. After all, the long-troubled Saab brand collapsed during the global economic downturn at the beginning of the decade, despite several rescue attempts.

And, after struggling to turn things around at Volvo, Ford decided to sell that brand off to the Chinese. What seemed like a questionable move turned into salvation as Volvo’s new owner, Zhejiang Geely, decided to pump billions of dollars into the development of an all-new product design and a radical shift in direction on the powertrain front.

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With Geely’s support, in fact, few brands have done more to transform their image than Volvo. Long known for safe but boring wagons and sedans, the Swedish automaker now offers one of the freshest and sexiest line-ups in the near and mid-luxury market, and the all-new 2019 Volvo S60 is the latest, welcome addition to the model mix. (more…)

China Car Market Tumbles, Complicating Problems for U.S. Automakers

BMW plans to be first foreign maker to take control of Chinese joint venture.

by on Oct.12, 2018

President Donald Trump is engaged in a trade war with China, and automakers are beginning to pay the price.

After nearly two decades of double-digit growth, the Chinese car market is entering a tailspin, and that could be particularly problematic for American automakers caught up in the U.S.-China trade war.

But other foreign automakers could better weather the downturn, in part due to changing rules that have lowered import tariffs – except on American products – and will now allow foreign manufacturers to take control of joint ventures. BMW is set to become the first to take advantage of the relaxed rules, agreeing to spend $4.2 billion to up its stake in an ongoing alliance with Brilliance China Automotive Holdings.

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“The automotive industry has been a driver of China’s economic growth for years. Now it is pulling back,” Xu Haidong, the assistant secretary general of the China Association of Automobile Manufacturers, said during a Friday news briefing, responding to questions about the market’s third straight monthly decline. (more…)

Tesla Sales Surge Past Mercedes; But Loss of Fed Tax Credits Could Hit Future Demand

Orders placed before 10/15 will be delivered in time to collect $7,500 giveback, Tesla says.

by on Oct.12, 2018

Tesla is quickly approaching the 200,000 vehicle limit that ends the $7,500 federal government tax incentive for EV buyers.

With its manufacturing problems largely overcome, Tesla sales have been booming in recent months, the California battery-carmaker delivering more cars in the U.S. than luxury mainstay Mercedes-Benz in the most recent quarter.

But whether Tesla can maintain that momentum is uncertain, especially with federal tax incentives of as much as $7,500 about to go away, even as a flood of new, long-range electric alternatives come to market, complete with those tax credits.

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Tesla is advising potential buyers that they will have only until the end of Monday, Oct. 15, to place a an order for one of its new vehicles and be sure of getting the $7,500 federal incentive. Starting in January, the credits will be halved. They will be cut again mid-year, and then vanish entirely under the revised U.S. tax law passed by Congress last December. (more…)

Toyota Rated as Best Automotive Brand

Sixteen auto brands make Top 100 — GM and FCA brands not on the list.

by on Oct.11, 2018

Toyota was the top automotive brand in this year's Best Global Brands Top 100 list, taking seventh overall.

A quick poll of people asking what automaker is the best might net several folks saying “Tesla!” and while it does have a massive market cap, they’d be wrong. The best brand? Toyota.

According to Interbrand’s 2018 Best Global Brands report, Apple was the top company on the list with a valuation of $214 billion. Toyota was seventh on the list at $53 billion, which was up 6% over last year’s result.

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Overall, 15 automotive brands made the Top 100 list and while there aren’t really any surprises about what ones are on the list, those that are not on the list may be reason to take pause. None of the General Motors brands made this year’s list. The aforementioned Tesla did not make the list either. Nor did any of Fiat Chrysler’s brands. (more…)

Bollinger Takes Wraps off New B2 Pickup Truck

New truck expected to be available by 2020.

by on Oct.11, 2018

The new Bollinger B2 pickup truck is expected to hit U.S. roadways in 2020.

Plenty have talked about it – Elon Musk most prominently – but only one company seems close to producing a battery-electric truck and that’s Bollinger Motors.

The now-Michigan-based EV maker debuted its B1 SUV less than a year ago with a promise of a pickup truck in the near future. Well, as one prominent politician likes to claim: promises made, promises kept. Only this time, it appears to be true.

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“The new B2 incorporates everything that we’ve learned in making the B1, and takes it in an exciting new direction. It’s always been the plan to have both the B1 and B2 start off our line-up,” said Robert Bollinger, founder and CEO, Autoblog reported.  (more…)

Volvo Scrambles as Trump Tariffs Shatter Export Plans for New U.S. Plant

China market closed, “I need to find a substitute," says US CEO.

by on Oct.10, 2018

Volvo's new plant near Charleston, S.C., is churning out new S60s. It will add the XC90 in 2021.

Volvo’s plans for its first-ever American assembly plant have been thrown into turmoil as a result of Pres. Donald Trump’s trade war with China, something that will result in fewer auto exports from the South Carolina factory, potentially impacting hiring plans, the automaker’s U.S. CEO told TheDetroitBureau.com.

Volvo initially planned to use the Charleston facility as its global source for the all-new S60 sedan, while also producing some of its popular XC90 crossovers. Fully half of the assembly plant’s production was earmarked for China and other overseas markets, noted Anders Gustafson. But the administration’s escalating trade war has resulted in China boosting tariffs on American-made vehicles and parts from 25% to 40%, even as it reduces duties on auto imports from other trade partners to 15%.

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“Now, we cannot export to China” because the S60 would be priced out of the market, Gustafson, the president and CEO of Volvo Car USA, said during an interview near Los Angeles, where the company was offering journalists a first drive of the S60. “In this segment, you can’t raise prices because of competitiveness.” (more…)

Hyundai Shows Off Electric Version of Kona Crossover

New electric crossover gets 258 miles on a charge.

by on Oct.10, 2018

The new 2019 Hyundai Kona electric has a range of 258 miles.

Hyundai has unveiled a battery-electric version of the Kona crossover, the company’s first compact electric crossover for the U.S. market, which it hopes appeals to consumers with active, eco-focused lifestyles of all kinds.

“Our new Kona Electric crossover is a stylish and efficient compact CUV, tailored to the needs of customers who pursue eco-focused active lifestyles requiring generous range,” said Mike O’Brien, vice president of Product, Corporate and Digital Planning, Hyundai Motor America.

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“We’re confident it will set new standards for the electric-propelled compact CUV segment, with outstanding range flexibility, appealing design, cutting-edge connectivity and class-leading available safety features,” O’Brien added. (more…)

First Drive: 2019 Ford Edge ST

Automaker creates its fastest SUV ever.

by on Oct.09, 2018

Ford is looking to pump some excitement into its midsize SUV with an ST performance package.

Ford Motor Co. has offered, sometimes with minimal fanfare, a wide variety of very impressive performance vehicles that have turned some relatively sedate vehicles into something else for enthusiastic fans in Europe, North America and China.

Now Ford is offering the first SUV from its performance team — the 2019 Ford Edge ST, which is powered by a 2.7-liter EcoBoost V6 engine that has been calibrated to produce 335 horsepower and 380 foot-pounds of torque with the help of an all-new 8-speed transmission. Ford also says it is capable of going from zero to 60 in less than six seconds making it the quickest SUV ever put on the road by Ford.

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The 2019 Edge ST is also equipped with all-wheel drive disconnect. The technology, a first for Ford, uses information received from dozens of sensors and artificial intelligence to determine within milliseconds whether all-wheel drive is needed, and then seamlessly shift between FWD and AWD without the need for driver input to save fuel. (more…)