Tuesday, October 23, 2018

Fwd: Automotive News



Thank you,

Thomas Ieracitano
229.251.2462
Sent from my iPhone
Please excuse any typos

Begin forwarded message:

From: "123BrandMe.com" <thomas@123brandme.com>
Date: October 23, 2018 at 8:01:42 AM EDT
To: thomas@ieracitano.com
Subject: Automotive News

Automotive News

 

Faraday plans layoffs, temporary pay cuts after funding dispute
23 Oct 07:56 AM

The electric-vehicle maker said it will lay off some employees and cut staff salaries by 20 percent because of "financial difficulty" following a dispute with its property-tycoon backer.

BMW expands recall on fire risk to 1.6 million diesel vehicles in Europe, Asia
23 Oct 07:30 AM

The voluntary service action follows a BMW investigation that found coolant could leak from the car's exhaust recirculation unit.

Rolls-Royce names veteran BMW exec as manufacturing boss
23 Oct 07:45 AM

Johann Wolff began his career at BMW as an apprentice before going on to manage several BMW foundries as a master craftsman in foundry pattern making.

FCA's Magneti Marelli sale offers chance to fulfill Marchionne dividend vow
23 Oct 07:15 AM

Fiat Chrysler has not paid a dividend since it was formed in 2014, but the automaker now has the chance to change this following its sale of supplier Magneti Marelli.

Why automakers let some outdated vehicles hang around
22 Oct 01:01 AM

Automakers are usually all about what's new -- new product, new technology, new brand image. But they're also pragmatic businesses willing to milk profits out of vehicles overdue for a refresh.

Enterprise, Avis invest to stake claim in mobility future
22 Oct 01:01 AM

Rental car companies are partnering with some mobility players, acquiring others and leveraging their scale and expertise to play a key role in the future of transportation.

Ford will place next self-driving fleet in Washington, D.C.
22 Oct 12:09 PM

Ford plans to make the nation's capital a pillar in its strategy to commercially deploy self-driving vehicles. Starting in the first quarter of 2019, the company will begin testing its autonomous-driving technology in Washington D.C.

Fiat Chrysler agrees to sell Magneti Marelli to KKR's Calsonic Kansei
22 Oct 03:03 AM

Fiat Chrysler is selling its parts unit, Magneti Marelli, to Calsonic Kansei in a $7.1 billion transaction, the two companies said. The new company will be called Magneti Marelli CK Holdings.

Amid unease, dealers get clearest look yet at Ford's restructuring plan
22 Oct 01:01 AM

Dealers got the clearest look to date at CEO Jim Hackett's restructuring plan. Executives vowed to freshen showrooms through shorter product development cycles.

Ford Ranger won't cannibalize F-150 sales, Joe Hinrichs says
22 Oct 04:24 PM

As F-150 prices continue to climb, the automaker's head of global operations says "there's room now" for a less expensive midsize pickup in Ford's lineup.

Ford's Hinrichs says Trump tariffs make U.S. steel costliest in the world
22 Oct 02:46 PM

A top Ford executive is escalating its criticism of the Trump administration's metals tariffs that the company has already said took a $1 billion bite out of profit.

Why this Tesla wannabe has a big brother problem
22 Oct 07:20 AM

Nio, the Chinese EV maker that raised almost $1 billion in recent IPO, is banking on its smart and connected car. But there are concerns over data privacy.

Honda tests V2X technology at intersection in Marysville, Ohio
22 Oct 01:01 AM

Last November, the city of Marysville, Ohio, mounted four cameras above the traffic lights at an nondescript intersection as part of a pilot project with Honda. Residents thought it was a way to trap them with speeding tickets.

porsche-rennsport-reunion-vi
22 Oct 01:01 AM

The buzz about Porsche's Rennsport Reunion VI at the WeatherTech Raceway Laguna Seca near Monterey, Calif., last month just doesn't stop. So we decided to give it another, closer look.

New car buyers feel the pinch as interest rates rise and incentives dip
22 Oct 01:01 AM

Customers coming back to the new-vehicle market are finding heftier price tags and dwindling financing options.

Borgward maker looks for investors
22 Oct 01:01 AM

Reviving a long-dormant auto brand is not as easy as it might look. Consider the case of Borgward.

Audi e-tron faces four-week delay because of software issue
22 Oct 07:30 AM

A spokesman said the e-tron is delayed because the automaker needs new regulatory clearance for a piece of software that was modified during the development process.

Trump's EU trade talks quickly become contentious
22 Oct 04:54 AM

A review of EU and U.S. trade ties could include a new tariff on cars, but an overhaul of their more than $1 trillion commercial relationship may be some way off.

Car dealers in Florida and Georgia rebuild after Hurricane Michael
22 Oct 01:01 AM

Dealerships in several states were damaged after Hurricane Michael, but in terms of concentrated wreckage, Panama City, Fla., appears to be ground zero.

London taxi company Addison Lee promises self-driving cars by 2021
22 Oct 07:51 AM

A fleet of autonomous taxis could roll onto the streets of London within three years, after one of city's biggest private-hire taxi companies struck a deal with a maker of autonomous vehicle software.

Jamie Butters joins Automotive News in new role of content officer
22 Oct 01:01 AM

Jamie Butters has joined Automotive News in the new role of chief content officer. The move positions Butters to succeed Richard Johnson when he retires as editor of the weekly print edition on March 1, 2019.

Navya has plans for its Saline plant
22 Oct 01:01 AM

Navya, the French maker of autonomous shuttle buses, has opened an assembly plant in Michigan and plans to add a robotaxi to its lineup.

AutoNation: CEO to see which products need a boost
22 Oct 01:01 AM

Next year, AutoNation will be ready to hand off its brand extension strategy to a new leader and decide in which elements of the brand extension to invest its capital and management expertise.

Roger Penske joins speaker lineup at World Congress
22 Oct 01:01 AM

Roger Penske, a household name in the auto world for more than a half-century, will speak at the Automotive News World Congress on Wednesday, Jan. 16.

Dealers sue Mazda over multi-tier bonus plan
22 Oct 01:01 AM

Florida dealership Kuhn Mazda and the New Jersey Coalition of Automotive Retailers are suing Mazda Motor of America Inc. in two lawsuits alleging its new Mazda Brand Experience Program 2.

Cox Automotive to shed staff as it restructures
22 Oct 01:01 AM

Cox Automotive plans to cut more jobs as the company restructures its priorities in a shifting industry landscape.

Automotive News Mexico launches
22 Oct 01:01 AM

The Automotive News Group has created Automotive News Mexico, a Spanish-language news organization devoted to covering North America's fastest-growing auto market.

John Hennessey puts the more in Ford F-150
22 Oct 01:01 AM

If anyone needed further proof that "too much" and "pickup" no longer belong in the same sentence, Texas tuner John Hennessey has created the 2019 Hennessey Heritage F-150, a supercharged 758-hp Ford pickup with a starting price of $94,950.

Getaway cars find home in Tenn. museum
22 Oct 01:01 AM

The Alcatraz East Crime Museum in Pigeon Forge, Tenn. is home to a collection of notorious getaway cars, including the white Ford Bronco made famous in the slow-speed chase involving O.J. Simpson.

Nissan store in Boulder, Colo., goes all in on the Leaf EV
22 Oct 01:01 AM

A Colorado Nissan dealership amps up electric vehicle sales via a well-trained sales force and marketing alliances with local companies, aimed at getting consumers in an electric state of mind.

China poses challenge for Nissan-Google partnership
21 Oct 01:01 AM

Renault-Nissan-Mitsubishi's plan to roll out Google connectivity faces a roadblock in China.

Hyundai, Kia face potential safety crisis even as their quality ratings soar
21 Oct 01:01 AM

The automakers and NHTSA point to recalls already issued for engine fixes. But the Center for Auto Safety says those calls weren't comprehensive enough, and Congress wants answers.

A roundup of 2018 sales races, including those coming down to the wire
21 Oct 01:01 AM

Well into the fourth quarter, we have a pretty good grasp of 2018's sales winners and losers. Still, several races will go down to the wire.

New Audi A8 Sedan protects against side impact
20 Oct 01:01 AM

The redesigned Audi A8 sedan gives new meaning to the term "active suspension."

Multiple routes, denser areas the next test for Silicon Valley startup Drive.ai's self-driving service
20 Oct 01:01 AM

In the summer, Silicon Valley startup Drive.ai was among the first to launch commercial service with autonomous vehicles. Now, it's taking the next step, launching its second route in suburban Dallas, this one open to the general public.

FCC move may affect vehicle wireless
20 Oct 01:01 AM

The Federal Communications Commission may re-evaluate the auto industry's claim to spectrum that enables wireless vehicle-to-vehicle technology.

Bellwether company Gentex signals strong Q3 for suppliers
19 Oct 04:05 PM

Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.

Elon Musk says Tesla's enhanced Autopilot system is being dropped
19 Oct 12:25 PM

The self-driving capability that Tesla customers have been able to pay for but not activate for two years is going on hiatus.

Ford summons its swagger, shifts marketing focus to keeping loyalists
19 Oct 07:00 AM

Ford is shifting its focus from winning new customers to persuading current owners to stick with its namesake brand.

Frustrated GM investors ask what more CEO Barra can do
19 Oct 05:09 PM

General Motors CEO Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.

Canada's key fob replacement 'magic man'
19 Oct 08:15 AM

Shawn Khan's key fob business in Windsor, Ont., allows dealerships to be more efficient during operating hours while providing customers expert service that's cheaper and faster,

Daimler CEO Zetsche stumbles on his victory lap
19 Oct 03:47 PM

Daimler's turnaround in recent years made Zetsche a celebrity in German business circles, but as he prepares to hand the keys to a new CEO, he's starting to look tarnished.

Christophe Georges to head Bentley Americas region once again
19 Oct 01:10 PM

This marks the second time that Georges will run Bentley in the Americas region, which covers over 20 percent of the brand's global sales. Georges held the same title from 2007 to 2015.

Daimler warns earnings will be 'significantly below' last year's results
19 Oct 10:45 AM

Daimler issued its second profit warning in four months, saying that costs arising from recalling some of its diesel vehicles were mainly to blame.

Why Lynn Tilton may be selling Dura Automotive
19 Oct 07:54 AM

Financier Lynn Tilton is working with an adviser to seek buyers for auto supplier Dura, people familiar with the matter told Bloomberg, as she looks to unload some of her investment firm's holdings.

Trump adviser Kudlow tells Detroit the economic boom will last 'bunch more years'
19 Oct 07:25 AM

The Trump administration aims to keep up the U.S. economy's trajectory as it faces new trade talks with the European Union, Japan and China in the coming months.

Why Porsche's CEO is downplaying IPO speculation
19 Oct 02:54 AM

Porsche does not need a stock market listing to fund growth, CEO Oliver Blume said, adding he is confident the automaker can repeat last year's record sales in 2018.

New Ford ad campaign includes shot at Tesla
19 Oct 07:00 AM

Ford will launch a new ad campaign featuring actor Bryan Cranston this weekend after giving dealers a first look at its annual national meeting in Las Vegas .

Tesla Model 3 offered for $45,000, but base $35,000 model still not available
19 Oct 12:20 AM

Tesla has started taking orders for a mid-range battery Model 3 that goes about 260 miles between charges for $45,000.

Northwood University chief to retire after 12 years; successor search under way
18 Oct 04:28 PM

Northwood University, a longtime training hub based in Michigan for auto dealership managers and executives, said CEO Keith Pretty is retiring after 12 years at the helm.

Geely 'corrects' rumors about presidential family ties
18 Oct 04:17 PM

Geely Automobile Holdings, long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman's wife was related to Chinese President Xi Jinping.

Ford to build an additional 350 GT supercars, extend production 2 years
18 Oct 02:00 PM

The company previously planned to build 1,000 GTs through the 2020 model year. It now says it will build 1,350 vehicles through 2022.

OEConnection to buy Britain's Bluegrasscoms
18 Oct 04:14 PM

OEConnection, which specializes in helping dealers buy and sell auto parts, has agreed to acquire Bluegrasscoms, a Newbury, England company that provides many of the same services.

Volvo adds snow tires to Canada subscription service
18 Oct 01:01 AM

Volvo says some of its dealers were cool to the idea of a subscription service, but Volvo Car Canada Managing director Alex Lvovich believes that the network is now on board.

54,400 Ford F-series pickups probed by U.S. after tailgate complaints
18 Oct 01:32 PM

NHTSA has opened a preliminary investigation into 54,400 Ford pickups after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion.

Steel's latest automotive answer to aluminum competition
18 Oct 12:21 PM

Advanced high-strength steel, the newest, lightest steel invented, is aiming to hold off aluminum's rise as the metal of choice for an auto industry in the midst of major changes.

Trump threatens new trade deal with Mexico
18 Oct 11:54 AM

President Donald Trump threatened to deploy the military and close the southern border if Mexico did not halt large groups of migrants headed for the U.S. from Guatemala, Honduras and El Salvador.

How electric car batteries are improving despite drawbacks, risks
18 Oct 07:57 AM

In the race for the next generation battery, lithium-ion technology has made huge leaps in recent years. But the power packs continue to have drawbacks.

Porsche to price electric Taycan between Cayenne, Panamera
18 Oct 01:01 AM

Porsche will position the Taycan below the brand's Panamera sedan when the electric four-door sports car reaches markets next year, with a likely starting price above 80,000 euros (about $92,500).

Elon Musk's big China play for Tesla comes as world's top car market slows
18 Oct 07:07 AM

Tesla's breakthrough deal to secure land for a Shanghai factory commits the electric-car maker to a multibillion-dollar investment just as the Chinese vehicle market falters.

Studies link higher crash rates with states that legalized marijuana
18 Oct 01:01 AM

The Insurance Institute for Highway Safety and the Highway Loss Data Institute said crashes in states with legalized recreational marijuana have increased up to 6 percent.

After tearing down Tesla Model 3, analyst says profit potential huge, but 'this body is their single biggest problem'
17 Oct 08:55 AM

The manufacturing analysts who spent 6,600 hours inside a warehouse north of Detroit picking apart a Model 3 have good news and bad news for Tesla.

Why Wilbur Ross is upping the ante on European trade
17 Oct 04:36 PM

U.S. Commerce Secretary Wilbur Ross challenged a fragile trans-Atlantic trade truce by accusing the European Union of dragging its feet over market-opening pledges.

Chase, Wells Fargo take measured approach to auto lending
17 Oct 11:00 AM

Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.

Senate panel wants Hyundai, Kia to testify on engine fire reports
17 Oct 02:16 PM

The Republican chairman and the ranking Democrat on the Senate Commerce Committee said they asked top U.S. executives at Hyundai and Kia to testify at a Nov. 14 hearing on reports of engine fires.

Tesla secures site for China Gigafactory
17 Oct 07:00 AM

Tesla has signed an agreement with the Shanghai government for an 212-acre plot of land to build its first overseas Gigafactory.

Why Mitch McConnell sees both sides of the tariff debate
17 Oct 04:59 PM

Senate Republican Leader Mitch McConnell prodded President Donald Trump's administration to quickly resolve festering trade disputes, particularly with China.

Why legalized pot is raising concerns about impaired driving
17 Oct 10:49 AM

U.S. transportation safety officials are sounding the alarm on drug-impaired driving, calling for regulators to do more to tackle the problem as states grapple with a more open stance on marijuana.

Another top Tesla executive calls it quits, report says
17 Oct 12:09 PM

Tesla's vice president of manufacturing, Gilbert Passin, has left the company, Business Insider reported, citing a source familiar with the situation.

Elon Musk will buy another $20 million in Tesla stock
17 Oct 11:53 AM

Tesla CEO Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing.

Luxury EV startup plans for AutoMobility LA debut
16 Oct 06:27 PM

Rivian Automotive, an upstart electric vehicle maker headquartered in suburban Detroit, plans to introduce its first pair of electric, off-road vehicles -- a crossover and a pickup -- in November at AutoMobility LA.

BMW X7 to start at $74,895
16 Oct 07:15 PM

BMW is filling out its product lineup with the launch of its largest crossover to date. The new X7, available at U.S. dealerships in March starting at $74,895, addresses a shortcoming in BMW's crossover lineup #8212; a true seven-seater option.

Ford's new Territory crossover part of plan to regain lost ground in China
16 Oct 08:44 AM

Ford, while unveiling the new Territory crossover, said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market beginning next year.

Why Walmart is partnering with Advance Auto Parts
16 Oct 05:19 PM

Walmart announced a partnership with Advance Auto Parts that will create an automotive specialty store on Walmart.com. The news comes one day after its competing retailer Sears filed for bankruptcy.

Why a NAFTA vote will likely wait until 2019
16 Oct 12:52 PM

The renegotiated U.S. trade deal with Mexico and Canada won't get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential fight with Democrats next year.

Ohio dealer Rhett Ricart elected NADA's next vice chairman
16 Oct 05:07 PM

The National Automobile Dealers Association has elected Ohio dealer Rhett Ricart as its next vice chairman, meaning Ricart is in line to become chairman in 2020.

Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65
16 Oct 12:33 PM

Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.

Elon Musk, Tesla settlement with SEC over tweets approved by U.S. judge
16 Oct 10:52 AM

A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private.

Tesla, GM in line for EV boost under U.S. Senate bill
16 Oct 05:13 PM

Tesla and GM, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 federal tax credit, could get their way for up to four years under a new proposal from a Republican senator.

What this former Ford exec will do at Pandora
16 Oct 04:07 PM

One of Ford's top connected vehicles executives has been hired by Pandora to help the streaming music company form partnerships with the auto industry.

Cable industry moves to snatch airwaves away from 'talking cars'
16 Oct 03:48 PM

Twenty years ago automakers won the rights to use a portion of U.S. airwaves for ultra-safe 'talking cars.' But now the cable industry wants more of those airwaves.

New Goodyear service offers replacement tires at consumers' homes
16 Oct 12:09 PM

Goodyear Tire and Rubber hopes it can sell more tires by offering consumers an easier way to buy and install them, in an effort that may challenge franchised auto dealers.

Tesla's Supercharger network is the template for the hydrogen era
16 Oct 12:45 PM

A Tesla-like nationwide network of hydrogen fueling stations could help reduce the time it will take for fuel cell vehicles to become economically viable to manufacture.

Uber gets IPO proposals at potential $120 billion valuation, report says
16 Oct 11:56 AM

Uber has recently received proposals from banks for an initial public offering valuing the ride-hailing company at as much as $120 billion, The Wall Street Journal reported.

The dirt on 'clean' electric cars is just under the hood
16 Oct 09:30 AM

Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium ion batteries in places with some of the most polluting grids in the world.

U.S. seeks Mexican steel export quotas, negotiator says
16 Oct 09:13 AM

The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs, the chief trade negotiator of Mexico's incoming government said, adding the issue needed to be resolved within weeks.

Elon Musk says Tesla owners who ordered full self-driving EVs to get chip upgrade
16 Oct 08:54 AM

A new chip that improves Autopilot features will be available six months in advance to people who ordered the full self-driving version of the electric cars.

 
Like   Tweet   Pin   +1   in