Industry
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It might sound like a response to a question no one was asking, but Mitsubishi Motors CEO Osamu Masuko says he's not even thinking about leaving the U.S. market. Mitsubishi, like many other carmakers, has struggle over the past decade, but Masuko says the U.S. will remain at the core of Mitsubishi's plan for the foreseeable future. Mitsubishi's U.S. sales have declined steadily since 2002, now sitting at roughly on seventh their peak of over 354,000 vehicles. Part of the problem is a lackluster lineup headlined by a car that many want but few can afford: the Lancer Evolution, our favorite car...
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BMW Reports $1.1 Billion Profit For The Second Quarter Of 2010Just days after Audi announced that it had posted a record $1.7 billion profit for the first half of 2010, BMW has gone one better and revealed that its own profit has risen more than sixfold, ending the second quarter of the year at $1.1 billion. The results are on the back of significantly...
Viknesh Vijayenthiran -
Cadillac Escalade Once Again Tops America’s Most Stolen Vehicle ListThe Cadillac Escalade is undoubtedly popular with a wide range of people, but especially so with car thieves, who made the luxury SUV and pickup their number one choice for stealing this year. Meanwhile, the Volvo S80 sedan was the least popular with thieves and was 14 times less likely to be...
Viknesh Vijayenthiran -
Lincoln Lineup Will Grow, Smaller Models PlannedWithout the deadweight that was Mercury dragging it down, Ford’s premium division, which now only consists of Lincoln, finally has the resources and freedom to transform into the upmarket luxury brand it should have always been. This means that we’ll likely be seeing Lincoln expand into new...
Viknesh Vijayenthiran -
Ford completes sale of Volvo to GeelyIt’s official. Ford (NYSE: F) has announced today that it has completed the sale of Volvo and its related assets to the Zhejiang Geely Holding Group Company Limited (Geely). The total purchase price for Volvo and the assets set forth in an agreement signed back in March was $1.8 billion...
Viknesh Vijayenthiran -
Audi Posts Record $1.7 Billion Profit For First Half Of 2010At a time when most automakers are struggling to make sales, and others are suffering from a spate of safety and quality recalls, Audi has managed to post a record profit and its best ever sales figures. Audi managed to increase its revenue by 21 percent in the first six months of the current...
Viknesh Vijayenthiran -
Fans of Italian styling are anxiously awaiting Fiat and Alfa Romeo's return to the U.S. now that the alliance deal between the Italian auto giant and Chrysler is in full swing. However, while Fiat is confirmed to be here at the end of this year with its 500 minicar, the more premium Alfa Romeo brand (not including the exclusive 8C Competizione supercar) won’t arrive until 2012. What new models Alfa Romeo has planned is still up in the air but today we have a few more details, including word from Fiat CEO Sergio Marchionne that Alfa Romeo will return to the U.S. with a full model lineup. The...
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2010 J.D. Power APEAL Study Puts Porsche On Top, But Domestics Beat ImportsThe 2010 study measures automotive performance, execution, and layout.
Nelson Ireson -
Matthias Mueller Appointed CEO Of PorscheIt was only a year ago that Michael Macht replaced the ousted Wendelin Wiedeking as Porsche CEO but already there has been another switch of the top job at the famous sports car manufacturer. The role of Porsche CEO will now be played by Matthias Mueller, the former car-model chief strategist for...
Viknesh Vijayenthiran -
Report: Lotus Looking To Hire Bob Lutz And Tom PurvesIt didn’t take long for the Bob Lutz name to make the automotive headlines again, following his very public retirement from General Motors just two months ago. The latest word is that Lutz, together with former BMW exec Tom Purves, will be hired by Lotus to help advise on the niche automaker’s...
Viknesh Vijayenthiran -
Domestics Beat Imports In 2010 J.D. Power Initial Quality Study, Porsche Still On TopFor the first time in the 24 years that the J.D. Power and Associates Initial Quality Study has been conducted, the domestic brands have managed to surpass the imports. Led by new entries from Ford and General Motors, domestic brands, as a whole, have done better but four out of the five top...
Viknesh Vijayenthiran -
Negative-Emissions Vehicle Concept From China's SAIC: A Plant On Wheels!There is a major difference between cars and plants, and it's the driving factor behind the "green" trends in the automotive industry today. By nature, plants absorb carbon dioxide from the atomsphere, and release oxygen. This is good. This is how the ecosystem is supposed to work. Plants like...
Peter Loeser -
Originally launched for the 2000 model year in late 1999, the BMW X5 helped change the SUV segment by showing that the driving dynamics, responsiveness, and handling of a car could be compatible with the utility, versatility, and off-road capability of an SUV. BMW has now reached a major milestone this week at its plant in Spartanburg, South Carolina concerning its X5 SUV. The automaker has announced that it has produced the one millionth X5 at the plant, an effort that took more than a decade. The particular model was a Black Sapphire 2011 BMW X5 xDrive 35i fitted with a Cinnamon Brown...
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Spyker Will Sell Exotic Sports Cars In Saab DealershipsThe long-winded story of Saab's sale finally came to a close this year, with the brand born from jets adding a propeller to the mix in the form of Dutch sports car company Spyker, which reached a deal to purchase the struggling Swedish automaker from GM. With Saab now in the relatively safe hands...
Viknesh Vijayenthiran -
Dodge Redesigns Logo To Promote Youthfulness, PerformanceChrysler’s decision last year to separate its Dodge car and truck models into the respective Dodge Car and new Dodge Ram brands meant that the two separate divisions henceforth could focus more directly on their best attributes. By splitting the Dodge Ram brand off, it allowed that division to...
Viknesh Vijayenthiran -
New Sports Car, 3-Series Rival And Chinese Plant In The Pipeline For JaguarJaguar's XF and new 2010 XJ sedans have made waves in the sport-luxury seas, bringing a newer, fresher face to what was once a bit of a stodgy lineup. Now it looks like Jaguar may be planning even more boat-rocking, with several new models in the pipeline including a sports car, a BMW 3-Series...
Viknesh Vijayenthiran -
Warning: Not All Car Thieves Are As Inept As This GuyAlthough some car thieves are seemingly unstoppable pros, the vast majority are bungling opportunists just looking for an easy target for the chop shop or, easier yet, the pawn shop.
Bengt Halvorson -
Official: Volkswagen Buys 90.1 Percent Stake In Italdesign GiugiaroItaldesign-Giugiaro, based in Turin, is one of the most legendary automotive design houses in Italy and the company behind such icons as the original Volkswagen Golf, Audi 80, Lancia Delta and even the Hyundai Pony. The design house has had close links with Volkswagen since its founding back in...
Viknesh Vijayenthiran -
Electric vehicles are popularly perceived as the front-runner of the alternate fuel competition, but successfully developing EVs has proven to be a difficult and expensive task. To help share the burden and the expertise necessary to get an electric car to market, Japanese auto giant Toyota and Tesla, builder of the high-performance Roadster EV, have announced a new strategic alliance. The two have announced that they intend to cooperate on the development of electric vehicles, parts, and production system and engineering support. They intend to form a team of specialists to further those...
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Mercedes-Benz Customers Can Now Be Covered For Paint And Interior DamageDon’t you hate it when one of the kids spills soft drink and stains--often permanently--your expensive leather seats, or worse still, when a moment of carelessness on your part leaves an ugly scrape on your bumper at the local shopping center car park. Mercedes-Benz customers need no longer worry...
Viknesh Vijayenthiran -
Report: SAAB Could Break Even With Just 80,000 SalesSaab has had one of the most turbulent recent histories in the auto industry, being bought up by GM, then almost sold to a Chinese automaker and finally ending up in the hands of Spyker--all while losing hundreds of millions of dollars each year. Saab’s latest owner is Spyker, a niche sports car...
Viknesh Vijayenthiran -
Marchionne: Fiat-Based Chryslers On Sale Before 2012, IPO PossibleWhile itâs looking more and more likely that the first Alfa Romeos wonât go on sale in the U.S. until 2012, a new range of Chrysler models based on Fiat platforms could be on sale before then. Chrysler is planning to use Fiatâs compact car...
Viknesh Vijayenthiran -
Porsche And Volkswagen Considering More Platform SharingPorsche and Volkswagen currently share a platform for their respective SUV models, the Cayenne and Touareg, both of which have been redesigned for the 2011 model year. Given the relative success of the two models, plus Volkswagen’s new ownership of Porsche, both automakers are now considering...
Viknesh Vijayenthiran -
BrandZ Top 100 Survey Rates BMW As World’s Most Valuable AutomakerBrand value can be a fickle thing. It’s impossible to measure accurately and it can be affected by numerous volatile factors, but at the end of the day if a consumer is willing to pay more for one brand over another then brand value becomes a vital indicator of a company’s overall...
Viknesh Vijayenthiran