Archive for the ‘Sales’ Category

Hackett Says Ford Making Headway on Turnaround

Rollout of new Ranger leads new product onslaught.

by on Oct.23, 2018

Ford CEO Jim Hackett is talking to employees and dealers about the changes coming to the automaker.

Ford isn’t standing still in the face of changing business and economic climate, the company’s top executive said this week.

Ford Motor Co. CEO Jim Hackett was also talking up the company’s prospects as he met with dealers and employees this week.

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At a meeting with some 4,000 dealers in Las Vegas Hackett had stressed that Ford is working on a turnaround plan that will re-invigorating the company’s operations.   (more…)

Ford Sees Big Growth Opportunities for New Ranger Pickup

Late to the party but “We can’t go back and change the past.”

by on Oct.22, 2018

Ford's Joe Hinrichs introduced the first of the new Ranger midsize pickups and elaborated on Ford's future truck plans.

The first production versions of Ford’s new Ranger pickups are getting ready to roll off the assembly line, the automaker announced at a Monday morning event at its Wayne Truck Plant in suburban Detroit.

The announcement caps an $850 million makeover of the factory that had previously been producing such slow-selling models as the Focus sedan and C-Max people-mover. And it lets Ford move forward on plans to virtually eliminate its traditional passenger car line-up, the number-two domestic automaker shifting its attention to pickups, SUVs, CUVs and other light trucks.

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“We’re excited by the growth we’re seeing in the midsize pickup segment,” said Joe Hinrichs, Ford’s president of the Americas, as he addressed reporters and Ford employees outside the Wayne plant. (more…)

Tesla Launches Lowest-Price Version of Model 3 Yet – But It’s Still Not the $35,000 Sedan Promised

New version actually will start at $45,000 before incentives – if fed tax credits will still be available.

by on Oct.19, 2018

Tesla CEO Elon Musk made good on his prediction of 55,000 Model 3 sedans in Q3. Now he's offering lower-priced variants.

With production finally on the rise at its Fremont, California assembly plant, Tesla is expanding the line-up of Model 3 variants, CEO Elon Musk late Thursday announcing what he billed as the lowest-price version of the battery-sedan yet offered.

But potential buyers might need to check the fine print carefully. According to a tweet from Musk, the new version of the Model 3 will cost $35,000 with the “true cost of ownership is closer to $31k after gas savings.”

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But this is not the $35,000 Model 3 that Musk promised to build when the sedan was first unveiled two years ago, setting off a flurry of activity, with about 400,000 potential buyers eventually putting down $1,000 deposits. The list price is actually $10,000 more. (more…)

BMW Officially Pulls Wraps Off Flagship X7 SUV

“Hey, BMW.”

by on Oct.17, 2018

The new 2019 BMW X7 is ready to take on whatever Mother Nature sends its way.

BMW has been dropping plenty of big hints in recent months as it prepared to launch an all-new flagship. And now, we’re finally getting a look at the production version of the 2019 X7.

As the name might suggest, you can think of the big ute as the SUV counterpoint to the Bavarian brand’s traditional flagship, the 7-Series. And it reflects the massive shift in the global luxury market as highline buyers by the millions switch from sedans and coupes to SUVs and CUVs, mirroring what’s happened in mainstream segments.

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The 2019 BMW X7 is more than just a stretched version of the familiar X5. It’s not only nine inches longer but loaded with the sort of luxury features you’d expect on a 7-Series – or the also-new 8-Series. It also introduces BMWs new voice assistant infotainment system which, like Amazon’s Alexa, is always listening for its wake words, “Hey, BMW.” (more…)

Porsche Adds GTS Variants to Panamera Line-up

New models fill gap between top and bottom offerings.

by on Oct.17, 2018

Porsche added the GTS Sport Turismo, left, and GTS to give Panamera fans a couple of sportier options.

Porsche is adding two new models to its Panamera line-up: Panamera GTS and Panamera GTS Sport Turismo models, positioned between the Panamera 4S and Panamera Turbo variants, giving customers seeking a sportier driving experience, said Porsche officials.

As compared to the previous Panamera GTS with a naturally aspirated 4.8-liter V8, the current engine — a 4.0-liter twin-turbo V8 engine with output of 453 horsepower from 6,000 to 6,500 RPM and peak torque of 457 lb.-ft. from 1,800 to 4,500 rpm — offers an increase of 13 hp and an additional 73 lb.-ft. of torque.

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The engine, which sends power to all four wheels through an eight-speed PDK dual-clutch transmission via the standard Porsche Traction Management all-wheel drive system, allows both the Panamera GTS and Panamera GTS Sport Turismo models to accelerate from 0 to 60 mph in 3.9 seconds. The former reaches a top track speed of 181 mph, and 179 mph for the latter. (more…)

Tesla Locks Down Site for 1st Chinese Assembly Plant

U.S. Senate, meanwhile, considers extending tax credits for Tesla, GM buyers.

by on Oct.17, 2018

Tesla Inc. has reached an agreement with the Chinese government to build an assembly plant in China.

After suffering a series of setbacks in recent weeks, things may be moving in the right direction for Tesla this week, and on a variety of fronts.

For one thing, the automaker has inked an agreement with the Shanghai government that will let it move forward on plans to set up a plant in the booming Chinese battery-car market, its first outside the United States.

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Closer to home, the U.S. Senate is  now considering a proposal that would extend the tax credits that have helped Tesla attract potential customers. Under current law, the incentives – worth up to $7,500 for an EV buyer – begin to phase out once a carmaker has sold 200,000 electric vehicles. Tesla recently passed that threshold, and General Motors is expected to reach that cap before the end of 2018. Industry analysts warn both companies could lose market momentum if they can’t offer the tax credits. (more…)

Ford Treks into New Territory With China-Only Ute

New SUV starts rolling off assembly line in China.

by on Oct.16, 2018

Ford's new entry-level sport-utility, the Territory, is the first of a wave of 50 new or redesigned products for China.

Ford Motor Co.’s late arrival in the Chinese car market is well documented, and the automaker’s been attempting to make up for lost time for the past few years with varying degrees of success — until last year, when sales took a double-digit nose dive.

However, the automaker is looking to affect a dramatic change by attacking the the highest demand area for buyers in China, which was also Ford’s weak spot: sport-utility vehicles.

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The company has been teasing its new Territory midsize SUV for some time, but now it’s on the road and looking to lead Ford on a trek to strong sales and even stronger profits. The new Territory – the ute, not profitability – was developed in partnership with its joint-venture partner in China, Jiangling Motors Corp. (more…)

First Drive: 2019 Volvo V60

New midsize wagon offers luxury and comfort with Volvo safety.

by on Oct.16, 2018

The new Volvo V60 offers stereotypical Volvo safety with plenty of performance and luxury.

Selling station wagons to American motorists has been an uphill battle, maybe even tougher than selling ice in Alaska given the pace of climate change.

But Volvo, which throughout the years has made its share of iconic station wagons, is launching a new one, the V60, into the teeth of the onslaught of utility vehicles that has nearly wiped out the entire segment.

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The second-generation Volvo V60 is an impressive vehicle that demands attention even in face of the tsunami of new SUVs that boosted motorists of all backgrounds into the command seating positions. The V60 is handsome, nicely balanced and very well-equipped with some of the latest technology and safety features, such as a new system that can mitigate the force of a head-on collision.  (more…)

German Automakers Face 50:50 Chance of Collapse, VW CEO Warns

Herbert Diess warns battery-cars could cost jobs – and may not be as clean as promised.

by on Oct.16, 2018

VW boss Herbert Diess, left,helps unveil the VW BUDD-e and eGolf Touch electric concepts.

When the U.S. economy collapsed a decade ago two of the three Detroit-based automakers plunged into bankruptcy, surviving only with the help of a massive federal bailout – and that’s the fate that could be facing the German auto industry, as well, the CEO of Volkswagen warned today.

The country’s powerful auto industry faces a 50:50 chance of suffering the same fate that nearly destroyed Detroit’s Big Three manufacturers, Herbert Diess said during a supplier conference in Wolkfsburg VW’s home town.

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“From today’s point of view the chances are perhaps 50-50 that the German auto industry will still belong among the global elite in 10 years’ time,” said Diess, who was appointed VW’s chief executive earlier this year, following a senior management shake-up.

(more…)

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…)