Posts Tagged ‘TheDetroitBureau.com.’

Audi Recalling 1.2 Million Vehicles Due to Fire Risk

German automaker making second attempt to solve problem.

by on Apr.24, 2018

The Audi Q5 from 2013-17 is part of a recall of 1.2 million vehicle globally due to a potential fire hazard.

Audi is recalling about 1.2 million vehicles around the world due to a potential fire hazard, and about 343,000 of those cars and SUVs are in the United States.

The German automaker is recalling the 2013–16 A4, the 2013–17 A5, the 2012–15 A6, and the Q5 SUV from 2013–17, all with 2.0-liter turbocharged engines.

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According to federal safety filings, the electric coolant pumps can overheat and possibly cause a fire. The pumps can become blocked with cooling system debris, or moisture in the pump can cause an electrical short. No reports of fires are listed. (more…)

Elio Motors Secures $2.5M in New Funding from Overstock

Once in production, plans call for Elio to be sold through Overstock.

by on Apr.24, 2018

Elio Motors just took in $2.5 million in new cash from a new investor.

Rarely has a three-wheeled anything, much less a car, engendered as much goodwill — and second (and third, fourth …) chances financially – as the Elio.

The quirky three-wheeled car initially introduced nearly five years ago has secured $2.5 million in new funds through a private stock placement with Overstock.com. The shares are worth $2.75 each, but as a private stock, it cannot be traded or sold.

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Elio Motors officials say the company intends to use the proceeds of the new investment to fund capital expenditures and repay certain outstanding debt and accounts payable. Since it’s a private placement, Elio will enter into a registration rights agreement with Overstock. (more…)

New Roadblocks Thrown Up in NAFTA Negotiations

Trump pushing for new mandates for Mexico.

by on Apr.24, 2018

NAFTA talks are ongoing and negotiators are expressing optimism about completing a new deal.

Efforts to reach an agreement on revisions to the North American Free Trade Agreement appear to have hit another speed bump.

President Donald Trump said on Monday he may ask Mexico to halt the flow of undocumented migrants from Central America into the U.S. as a condition for a renegotiated trade deal.

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“Mexico, whose laws on immigration are very tough, must stop people from going through Mexico and into the U.S. We may make this a new condition of our new NAFTA Agreement. Our Country cannot accept what is happening! Also, we must get Wall funding fast,” Trump wrote on Twitter. (more…)

Gas Prices Rising Due to Increase in Demand

Trump blames rise on OPEC.

by on Apr.24, 2018

Gas prices continue to rise as demand increase in the U.S.

Rising demand is helping push up the price of gasoline by an average of 5 cents per gallon across the U.S.

The federal Energy Information Administration’s latest data indicates consumer gasoline demand is at 9.857 million barrels per day, which is at the highest level ever on record for the month of April and exceeds typical summer demand measurements, driving up prices at the pump all across the U.S, according to analysts at AAA.

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As demand jumped, gas prices increased across the country on the week with five states seeing double-digit increases and the national average ticked up a nickel to $2.76, AAA reported. Overall prices are at the highest level in three years. (more…)

Infiniti Launching Production EV Based on Q Inspiration Concept for China

New platform will be used for all future battery-electric models.

by on Apr.23, 2018

Infiniti President Roland Krueger shows off the Infiniti Q Inspiration Concept that is the basis for the new EV.

Infiniti plans to add a new all-electric platform “influenced” by the exotic Q Inspiration Concept that was first shown at the North American International Auto Show in Detroit in January.

The new platform will be able to accommodate both a pure battery-electric drivetrain and a range-extender system similar to the technology used in competitor BMW’s i3 Rex, Infiniti President Roland Krueger announced ahead of the Beijing Motor Show where the Q Inspiration will make its Asian debut. The new platform will be used for at least one of the five new vehicles Infiniti plans to begin producing in China during the next five years.

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While Krueger isn’t saying how close that all-electric model will be to the well-reviewed Infiniti Q Inspiration Concept, he did note, “We very much had China in mind when designing the Q Inspiration, which shows a very sporty, performance-oriented electric concept, with a much bigger interior space.” (more…)

Volvo Bringing Ambience to its Newest Beijing Concept

Company's latest concept builds off S90 Excellence.

by on Apr.23, 2018

Volvo's newest debut, the S90 Ambience Concept, is based off last year's S90 Excellence.

Volvo newest concept for the Beijing Auto Show continues to show the company’s focus on the wants, needs and desires of the world’s largest luxury vehicle market: China. The S90 Ambience Concept is based on the S90 Excellence from last year.

The company describes the Ambience Concept as “an industry-first sensory experience that synchronizes visuals, sound and scent to redefine in-car luxury.”

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In short, that means passengers can personalize the Ambience Concept’s interior atmosphere or feel using a smartphone app. Users can choose from one of seven visual theme that are linked to audio and scents. (more…)

Wage Deal in Hand, GM Abandons Threat to Put Korean Ops in Bankruptcy

But questions remain about the unit’s long-term prognosis.

by on Apr.23, 2018

With concessions from unions, GM believes it has a deal in place to keep GM Korea from bankruptcy.

General Motors today reached a tentative agreement with its South Korean labor union, a move that is expected to keep the automaker from putting its Korean subsidiary in bankruptcy – though it still is waiting for a final decision on a bailout from the Korea Development Bank.

Faced with plunging sales and rising costs, GM earlier this year announced it would close one of four Korean assembly plants and warned it could seek the Korean equivalent of Chapter 11 protection if it didn’t get a deal from workers and support from the KDB, which owns a 17% stake in GM Korea.

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“The labor union has demonstrated its commitment and we continue to work with our other key stakeholders to gain their support,” GM Korea CEO Kaher Kazem said in a statement, noting that ratification of the tentative agreement is “critical” to achieving additional support from shareholders and the Korean government. (more…)

First Drive: 2019 Toyota Avalon

New model enjoys upgraded interior, and a hybrid option.

by on Apr.23, 2018

The 2019 Toyota Avalon XLE is the automaker's fifth-generation of its flagship model.

Big passenger cars have seemingly gone out of style perhaps for good.

After all Toyota admits the average age for the buyers of its full-size sedan, the Toyota Avalon, is 64, hardly the age of trend setters in our youth-oriented culture.

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But with the fifth-generation Avalon, which is about to reach Toyota show rooms across the country, the Japanese auto giant thinks it has found a way to bring some younger buyers with an all-new vehicle that offers more style, more power, more comfort and more features. (more…)

VW Showing Tech Prowess with Pikes Peak EV Racer

Maker wants battery-electric supercar to break the record.

by on Apr.23, 2018

The Volkswagen I.D. R Pikes Peak is ready to make an attempt to break the EV speed record for the Pikes Peak race in June.

Volkswagen has been pushing to be seen as a leader, maybe THE leader, in the electric car arena and its newest introduction, the I.D. R Pikes Peak, may help cement that position.

The company’s first fully electric supercar was unveiled in Alès, France, and will compete in the Pikes Peak International Hill climb in Colorado Springs, Colorado, on June 24, with only one goal: beating the existing electric car record of 8:57.118 minutes in the annual “Race to the Clouds.”

Electrifying!

This battery-electric supercar certain has the specs to make one thing that the record is in jeopardy. I.D. R Pikes Peak weighs less than 2,500 lbs and produces 680 horsepower and 479 lb-ft of torque, giving it a 0-60 mph time of 2.25 seconds, which is faster than Formula 1 and Formula E cars. (more…)

Images of Mercedes-Maybach Ultra-Lux SUV Leak Ahead of Beijing Debut

“Vision Ultimate Luxury concept” set to make official debut on April 24.

by on Apr.23, 2018

The Mercedes-Maybach Ultimate Concept is ready to make its mark in Beijing.

Just days ahead of its official debut at the Beijing Motor Show – and shortly after an official teaser video was released – we’ve gotten our hands on leaked images of the Mercedes-Maybach Vision Ultimate Luxury concept.

Unlike several recent Maybach prototypes, the show car set to debut in Beijing on April 24 appears to be giving us a good sense of what the ultra-premium brand eventually will bring to bring to market – a production SUV set to take on the likes of the Bentley Bentayga and the upcoming Rolls-Royce Cullinan.

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And reflecting the choice of venues Maybach has chosen – China is ramping up rules calling for more zero-emission vehicles, the Ultimate Luxury Concept uses an all-electric drivetrain delivering power through four individual electric motors developing a total of 738 horsepower which Maybach will suggest can punch the show car up to 155 mph. (more…)

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