Archive for the ‘Sales’ Category

Aston Martin Set to Launch Latest James Bond Special Edition

The special version of the Aston Superleggara DBS celebrates the 50th anniversary of one of the stranger of the Bond flicks.

by on May.22, 2019

James Bond fans can get a special edition of the Aston Martin DBS OHMSS Superleggara to satisfy their super spy fancy.

There are legions of 007 fans. But only a select few will be able to afford to share the special bond, James Bond, between the superspy and his ever-changing collection of cars.

Real aficionados know that in the original Ian Fleming novels, 007 drove a 1930 Bentley. But from the beginning, and in all but a handful of the Bond films to date, his car of choice has been an Aston Martin. The British brand is marking the 50th anniversary of one of the oddest films in the series, “On Her Majesty’s Secret Service,” by rolling out a unique version of the new Superleggara DBS.

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If you’re planning to play trivial pursuit, the question might go this way: “Who was the only actor to do a single, and almost universally panned take on 007?” The answer is George Lazenby, who had his brief opportunity to drink a martini stirred, not shaken, in this 1969 adventure. (more…)

Automakers Still Looking for Top Price on Full-Size Pickups

Trucks continue growing bottom line for automakers.

by on May.21, 2019

The Sierra HD 3500 makes an audacious debut pulling 225,000 pounds of yacht and trailer. It also gets an audacious price tag.

Truck sales are booming, which is good news for automakers since they result in big profits. Only adding to their bottom-line delight is that the fastest growing area are the highly profitable “luxury” trucks with price tags zipping past $60,000.

New full-size trucks in 2018 were 16% more expensive than those in 2015, and midsize trucks were 3% more expensive, according to CarGurus.com. In fact, the top end of the market has trucks passed the $80,000 mark, and the good news is that there is probably room for even more expensive pickups, according to one truck executive.

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“I think there’s still an opportunity (in vehicles) for traditional luxury items, like more materials, audio systems, things like that,” said Duncan Aldred, vice president, Global Buick and GMC, recently during a meeting with journalists. (more…)

Could Tesla’s High-Flying Ride on Wall Street be Ready to Come Crashing Down?

Shares head towards $200 for first time since 2016, as key analyst warns $10 is possible.

by on May.21, 2019

Tesla CEO Elon Musk has plenty to worry about as investors turn bearish on its stock.

After sliding to its lowest level since December 2016 on five days of losses, Tesla stock fell to its lowest level in nearly 30 months, at just above $200 — and one key analyst, Morgan Stanley’s Adam Jonas, warns Tesla could see the stock plunge to just $10 a share.

Not much has gone right for the California automotive upstart in recent months, starting with word that first-quarter sales had fallen well short of expectations. Its unexpectedly deep, $702 million loss for the quarter didn’t help. And the situation only grew worse when CEO Elon Musk last week ordered a “hardcore” belt-tightening covering “literally every payment that leaves our bank account.” Then, the National Transportation Safety Board weighed in, blaming a fatal March 2018 crash on Tesla’s much-ballyhooed Autopilot system.

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Even where the automaker appeared to pull off a coup, topping substantially what it had expected to raise with last month’s combination of stock and debt offerings, Musk told employees in an e-mail, that the $2.7 billion Tesla brought in “actually only gives us about 10 months at the Q1 burn rate to achieve breakeven!”

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General Motors Debuts New Digital Brain for Future Vehicles

New architecture allows for future connected car tech.

by on May.21, 2019

GM's new digital vehicle platform can process 4.5 terabytes per hour and will debut on the 2020 Cadillac CT5 sedan.

General Motors is pushing to remain a leader in autonomous technology with new vehicles and mobility services; however, it’s latest development may be the most critical to ensure it remains at the front of the pack.

The company unveiled its new all-new digital platform architecture, designed with the needs of future, such as connected cars, autonomous electric vehicles and other technologies, in mind. Until now, GM has been loading up its previous gen architecture with new tech, despite the fact it is more than 20 years old and comes with limitations.

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The new architecture, which will underpin the 2020 Cadillac CT5 sedan and its Super Cruise semi-autonomous driving feature, should be available across nearly all GM product lines by 2023, the company says. (more…)

Daimler Prepares Cost-Cutting Plans for New Chief Kallenius

New takes over for Zetsche.

by on May.21, 2019

Daimler AG Chairman Dieter Zetsche is on his way out into retirement. He will be succeeded by Ola Kallenius.

Daimler AG’s new chief executive is preparing a plan that would slash the company’s administrative costs by 20%, according to a report in Germany’s top business newspaper Handelsblatt.

Ola Kallenius, who will take over for Dieter Zetsche this week, has asked for recommendations due to the uncertainty facing car makers, the paper said. Central administration costs are to be cut by about 20%, the paper said, adding billions of euros in efficiency potential would be targeted.

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Daimler declined to comment on the Handelsblatt article, which appeared as Daimler was preparing for its annual shareholders meeting in Berlin. (more…)

Tesla Stock Getting Hammered as NTSB Investigates, Investors Fret

Musk tells employees that cash burn rate is high.

by on May.20, 2019

Tesla's Elon Musk has ordered employees to rein in spending on virtually everything.

Just a few days after safety regulators revealed that Tesla’s Autopilot system was engaged during a fatal crash of a Model 3, Tesla’s stock has fallen 11% – including nearly 4% today – to the low $200 range.

Adding to the concerns of stock and bond investors in the California-based EV maker, CEO Elon Musk revealed the company’s first-quarter cash burn rate has put it in a precarious position.

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He told employees last Thursday he would increase cost-cutting and that $2.7 billion in capital the company recent raised would give Tesla just 10 months to break even at the rate it burned cash in the first quarter. (more…)

Another Automaker Abandons the V-8

Genesis will drop Tau V-8 when new G80 debuts this autumn.

by on May.20, 2019

The next version of the Genesis G80 will come to market without its familiar Tau V-8.

Way back in the late 1970s, when twin oil shocks and the then-new Corporate Average Fuel Economy mandate forced automakers to start focusing on energy efficiency, conventional wisdom had it that the V-8 would soon vanish. It didn’t quite work out that way and the engine of choice for many performance and heavy-duty vehicles has remained surprisingly robust.

But as global emissions and mileage regulations continue to tighten, the V-8 appears, once again, to be an endangered species, and the Hyundai Motor Group is the latest getting ready to throw in the towel.

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The Korean carmaker’s luxury brand Genesis plans to abandon its 5.0-liter Tau V-8 when it rolls out new versions of its two biggest sedans, according to the marque’s CEO. That phase-out will begin later this year with the launch of a new version of the G80.

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Japan Says It Won’t Agree to Quotas by the U.S.

Trump administration re-examining trade relationships.

by on May.20, 2019

Toshimitsu Motegi, Japan's top economic negotiator, said the country would not accept quotas on how many vehicles it ships to the United States.

Japan’s top trade negotiator says he does not believe the U.S. will impose any kind of numerical quotas on the exports of Japanese made vehicles to the United States.

There is no need to be worried that the United States will impose a quota on Japanese automobile imports, economic revitalization minister Toshimitsu Motegi said Sunday.

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“There is no worry judging from the U.S. announcement,” Motegi said on a television program in Japan. He noted that such a quota was not specified in the announcement. (more…)

U.S. Ending Steel, Aluminum Tariffs on Mexico, Canada

Move design to prevent import of Chinese steel into U.S.

by on May.17, 2019

The Trump administration agreed to lift the steel and aluminum tariffs on Mexico and Canada in order to keep out Chinese steel.

Seeking to secure Congressional approval of the U.S.-Mexico-Canada trade deal, or USMCA, U.S. negotiators secured tough new measures against Chinese steel by agreeing to lift tariffs on steel and aluminum from Mexico and China.

The deal avoids quotas on steel from the two countries, which Canada and Mexico had opposed, according to the Washington Post. The tariffs will end in 48 hours.

The Last Word!

“We came to an agreement that benefits both parties: the tariffs are lifted, without quotas on steel and aluminum,” according to a statement from the Mexican president’s office, adding that it reinstated a tariff-free commercial relationship for those products. (more…)

VW Unleashes Seven Sport Concepts at Southern Worthersee

SOWO show cars highlight options for both performance and off-road fans.

by on May.17, 2019

VW shows off its SOWO "enthusiast fleet."

Volkswagen has long had a history of rolling out some of its most creative niche products and concept cars at the annual Worthersee gathering in Austria. It has expanded that tradition by adding what it calls the SOWO event on Hutchinson Island in Savannah, Georgia.

Short for “Southern Worthersee,” the big gathering aims to entice VW fans this time around with seven concept vehicles featuring what it calls “sport performance add-ons and visual enhancements.”

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Considering the shift in global markets, and especially the U.S., from sedans, coupes and hatchbacks to SUVs, CUVs and other light trucks, it should surprise no one that this year’s crop of concepts includes versions of the latest Tiguan and Atlas crossover-utility vehicles. But Volkswagen traditionalists shouldn’t be disappointed, either, the automaker rolling out customized versions of the Golf, Jetta and new Arteon, as well. (more…)

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