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Archive for the ‘Volvo’ Category

Geely Readying to Plow $1.9B into Lotus Expansion

Could a Volvo-based crossover be in the works?

by on Aug.10, 2018

Geely is rumored to be ready to grow the Lotus brand, giving the Evora a crossover sibling or two.

Geely appears ready to expand its sphere of influence once again. The parent company of Volvo and major shareholder of Daimler AG is rumored to be examining the viability of putting $1.9 billion into sports car maker Lotus.

Holding 51% of the ownership stake, Geely is considering growing the company’s physical and intellectual presence in England with the idea of adding to the brand’s product line-up, including a crossover or smallish SUV, Bloomberg reported.

The Last Word!

Geely isn’t just looking to increase the size of the brand, it wants to expand the size of its ownership stake. It’s buying shares from Etika Automotive, which owns the other 49% of the company. (more…)

European Automakers’ US Sales Fared Well in July

Mercedes-Benz still the luxury sales leader.

by on Aug.02, 2018

Mercedes-Benz saw sales fall more than 20% in July, but much of that was attributed to a computer problem during the company's busiest week.

With the threat of steep tariffs hanging over their heads, European carmakers enjoyed positive sales in July even though one of the leaders, Mercedes Benz, struggled a bit.

Mercedes-Benz USA reported July sales of 20,034, a decrease of 22.7% from July 2017 as archrival BMW sold more vehicles. Lexus appears to hold the lead in luxury segment with sales of 25,403 units, which dropped 12.1% on a volume basis.

Sales News!

Meanwhile, Mercedes-Benz Vans reported July sales increased 5.9%. On a year-to-date basis, sales of Mercedes-Benz vehicles totaled 178,882, giving it the lead in luxury vehicle sales for 2018. (more…)

Genesis Tops JD Power APEAL Survey

Korean up-start topples luxury mainstays, but Detroit mainstream brands also gain ground.

by on Jul.25, 2018

The Genesis brand aced another test, a month ago also topping Power's IQS.

Genesis, the upstart Korean luxury brand, has pulled off another surprise, this time landing the top spot in the 2018 J.D. Power APEAL study, surpassing such traditional highline brands as Porsche, Mercedes-Benz, BMW and Lexus.

It’s the latest in a series of coups by Genesis, which was spun off by Hyundai just two years ago. And it comes barely a month after the Korean marque also landed in the top spot on Power’s widely followed In initial Quality Survey. But there were some other surprises in the APEAL report which measures how well individual brands and models are satisfying their owners. Mainstream brands, notably including some Detroit marques, are rapidly gaining ground on the luxury badges that have traditionally led in customer satisfaction.

Beyond the Headlines!

But the industry, as a whole, achieved record levels in the 2018 APEAL study – the name short for “Automotive Performance, Execution and Layout” – the second year in a row that has happened.

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Detroit Auto Show Moving to June in 2020, Adding Major New Features

Sponsors aim to revive what's been North America’s leading car show.

by on Jul.23, 2018

Toyota Pres. Akio Toyota is shown here revealing the 2019 Camry during this year's NAIAS.

The North American International Auto Show will move from January to June in 2020, a new timeslot that organizers are betting will help revive the flagging momentum of what had long been one of the industry’s most important annual events.

The Detroit Auto Dealers Association had signaled its intention of abandoning its traditional, mid-winter schedule, though a switch to October was also under study. But that would have conflicted with other shows in Europe and Asia, the dealer group’s Executive Director Rod Alberts told bingdb.info in an exclusive interview.

We Keep You In the Know!

In a background briefing ahead of today’s official announcement, Alberts said one of the advantages of a summer event is the ability to add new functions that expand beyond the confines of Detroit’s sprawling Cobo Hall convention center. “We realized we have to change the show (and) showcase Detroit, too,” said Alberts, who has been running the DADA for the past 28 years.

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Musk Denies a Quarter of Model 3 Orders Were Cancelled – But Reveals New Worry

Order rate, he reveals, has fallen behind increase in production.

by on Jul.20, 2018

Tesla CEO Elon Musk denied claims in a recent analyst report suggesting that nearly a quarter of all Model 3 orders have been cancelled.

Elon Musk has dismissed as “bs” a report that suggested a growing number of advanced reservations for the Model 3 battery-car are being cancelled.

The recent report from investment bank Needham & Co. isn’t the first to raise that prospect, which could make it difficult for Tesla to achieve its promised profit for the second half of 2018. Needham’s Rajvindra Gill joined a growing chorus of analysts this week in downgrading Tesla shares, triggering another dip in the stock, traded as TSLA.

“Dunno where this bs is coming from,” CEO Musk said in a Thursday night tweet – but by trying to support the idea that there’s still strong demand for the Model 3, the South African-born executive actually may have sent a signal that Tesla is facing longer-term problems. Musk indicated Tesla received 5,000 orders for the Model 3 last week, but that’s actually less than the production target for the battery-car in the months to come.

The Last Word!

According to a report Needham issued Thursday, 24% of the estimated 400,000 original Model 3 reservations have been cancelled. That’s slightly higher than the 20% figure reported by data tracking site SecondMeasure in June. Each reservation is accompanied by a $1,000 deposit, so, if Needham is right, Tesla has had to refund more than $100 million and risk the loss of perhaps $4 billion or more in sales.

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Electric Polestar 2 “Five-Door Coupe” Will Deliver 350 miles Range, 400+ HP

All-electric Polestar 3 SUV already in the works.

by on Jul.17, 2018

The Volvo 40.2 Concept hints at what's coming with Polestar's first all-electric vehicle.

Volvo’s performance electric brand is getting ready to charge into the market with two additional models over the next two years, starting with the all-electric Polestar 2 which, a senior official claims, will deliver range of up to 350 miles per charge.

And, in keeping with the mandate of the brand – which traces its roots back to the track – the Polestar 2 “five-door coupe” will deliver around 405 horsepower, according to the brand’s Chief Operating Officer Jonathan Goodman. That figure might actually underplay the potential performance of the all-electric offering, as battery-electric vehicles can deliver incredible off-the-line performance because they punch out maximum torque the moment their motors start spinning.

We Keep You Plugged In!

The Polestar 2 is expected to share the same underlying Compact Modular Architecture, or CMA, as the new Volvo 40-Series line-up. That was an obvious choice considering Volvo itself is planning to offer electrified versions of all future models and the CMA, its newest platform, was designed specifically to allow mounting a large battery pack under the load floor.

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Volvo Launches New Mobility Brand

Named M, the new brand offers a updated take on car-sharing.

by on Jul.06, 2018

Volvo Cars' mobility unit launched its own brand today: M. Featuring much of what you'd expect, like car-sharing services, as well as new options.

Volvo Cars has taken the lead on variety of changes within the automotive industry in the past decade or so, including autonomous driving, electric vehicle development and other mobility-oriented technologies and services.

The company is adding to that legacy with M, a new brand that will expand the company’s global mobility operations by providing dependable, on-demand access to cars and services through an intuitive app.

The Last Word!

“Volvo Cars is becoming more than just a car company. We recognize that urban consumers are rethinking traditional car ownership. M is part of our answer. We are evolving to become a direct-to-consumer services provider under our new mission ‘Freedom to Move’,” said Håkan Samuelsson, Volvo Cars president and chief executive. (more…)

Ford Pulls Out of Geneva Motor Show

Automaker joins Volvo in not attending show.

by on Jul.03, 2018

Ford has a history of making news at the Geneva Motor Show, like the introduction Focus RS.

The list of automakers pulling out of auto shows just got one name longer: Ford is skipping the 2019 Geneva Motor Show.

The Dearborn, Michigan-based automaker said the show’s timing didn’t fit its launch schedule and wouldn’t represent good value. It’s the second major automaker that has pulled out of the show, Volvo being the first.

Auto Show News!

“It costs a sizeable amount of money,” a Ford of Europe spokesman told Automotive News Europe. “If you’re not going make a return on the investment in terms of media attention or people on the stand, why do it?” (more…)

Every Car Sold in the U.S. is an “Import”

Tariffs would impact even “American-made” vehicles.

by on Jul.03, 2018

The Honda Odyssey is one of the most "American" cars but will still be hit by tariffs.

Every single car, truck or crossover sold in the U.S. would be affected by the 25% import tariff being proposed by Pres. Donald Trump, with prices on some models rising by tens of thousands of dollars.

That’s because even vehicles assembled in the U.S. rely on some level of imported parts and components, whether in their suspension, infotainment systems or powertrains.

Beyond the Headlines!

Complicating matters, American-made auto parts and vehicles could become more expensive, and lose their competitive edge, if trade partners enact their own tariffs in response, something a number of them have now threatened to do.

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First Look: 2019 Volvo S60

Sedan becomes second to offer Care by Volvo.

by on Jun.21, 2018

The 2019 Volvo S60 is now manufactured in the United States in Charleston, South Carolina.

Volvo Cars showed off the new S60 sedan and a subscription service that will ease the hassle of having a car at the company’s first-ever U.S.-based assembly plant just outside Charleston, South Carolina.

The 2019 S60, the first Volvo to be made in the U.S., will be available in Momentum, R-Design and Inscription level trims that includes some of the latest technology developed by the Swedish carmaker.

We Keep You In the Know!

The new S60 is the first Volvo car to be sold without a diesel engine, signaling the company’s industry-leading commitment to electrification and a long-term future beyond the traditional combustion engine. In 2017, Volvo Cars was the first global car maker to announce its strategy that from 2019 all new models will have an electrified option. (more…)