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Archive for the ‘Events’ Category

Tesla Promises Model 3 Delivery by Dec. 31 to Meet Tax Deadline

Order by end of month, get by end of year, Musk tweets.

by Michael Strong on Nov.16, 2018

Tesla CEO Elon Musk tweeted that the company would deliver any Model 3 ordered by the end of November by Dec. 31.

Tesla CEO Elon Musk claims that Model 3s ordered in the U.S. by the end of November will be delivered by Dec. 31 — a delivery rate that is much faster than for earlier Model 3 sedans.

The edict, issued by Musk via Twitter, is designed to push sales to get them completed in time to take advantage of tax breaks for buyers. The move comes as Tesla and General Motors are lobbying government officials to extend tax incentives for EV buyers.

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“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,” Musk tweeted on Thursday. He late clarified how they’re going to get this done. (more…)

EU Trade Chief Warns Trump Administration to Back Off Tariff Threat

Malmstrom comes to D.C. with a list of tariff targets.

by Michael Strong on Nov.15, 2018

Cecilia Malmstrom, the EU's top trade official, warned that if the Trump administration implemented auto tariffs on the EU, the union would respond in kind.

If President Donald Trump makes good on a threat to impose a 25% tariff on cars and trucks imported into the United States from Europe, the European Union is prepared to implement a new policy of its own: an eye for an eye.

Cecilia Malmstrom, the top trade official for the European Union, met with U.S. Trade Representative Robert Lighthizer to talk about trade issues. After the meeting, she warned the EU would implement tariffs of equal size and strength on U.S. goods if Trump made good on his threatened auto tariffs.

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“It would be a rebalancing list covering a lot of different sectors,” Malmstrom said. “That would be ready if we thought those measures would hit us. We hope not.”  (more…)

Chinese Automaker Zotye Planning to Sell SUVs in US by 2020

Maker, which partners with Ford in China, doesn't specific what SUV.

by Michael Strong on Nov.13, 2018

Could this be Zotye's first entry in the U.S. market in 2020? An SUV will be first, the company said today.

The race to be first is getting tighter as a new contestant has entered the fray: Zotye Automotive says it will begin selling SUVs in the U.S. in 2020.

Zotye sells several SUV models in China, but did not reveal which one it plans to export to the U.S. Until today, it was best known as one of Ford Motor Co’s partners in China, but the two companies are not working together on this project, according to officials on both sides.

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The Chinese firm is establishing its U.S. sales and distribution arm in Lake Forest, California, and plans to sell vehicles in the United States through franchised dealers. Zotye USA is owned by HAAH Automotive Holdings, headed by President and Chief Executive Duke Hale, who has held top spots at several automotive import companies. (more…)

Lexus Launches Key Holiday Advertising Campaign

The originator of the "holiday" sales push, kicks off its latest round.

by Joseph Szczesny on Nov.13, 2018

Lexus, which essentially originated the holiday season ad campaigns for automakers, is kicking off its latest round of ads.

The traditional American holiday season, stretching from Thanksgiving to New Year, has long been marked by parties, celebration and football but in recent years it also has become a critical period for selling cars, SUVs and trucks.

For the 19th consecutive year, Lexus, one of the brands instrumental helping make the holiday season in into a major period for marketing vehicles, is launching its annual “December to Remember” Sales Event this week.

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The marketing campaign began with three national spots, showcasing how the gift of a Lexus during the holidays offers experiences throughout the entire year. It has since been copied by others in the industry such as Mercedes-Benz and GMC. (more…)

Automakers Deliver Some Neat Tricks and Plenty of Treats for SEMA Show

Here's our round-up of the coolest, hottest and wackiest concepts to roll into the Las Vegas Convention Center.

by Paul A. Eisenstein on Oct.31, 2018

The Honda Rugged Open Air concept.

Trick or Treat? Make that trick and treat, as the annual SEMA Show gets underway in Las Vegas.

Perfectly timed for Halloween, the annual aftermarket event regularly sees the debut of some intriguing concept vehicles from U.S., Asian and European automakers, and this year is no exception.

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In fact, there’s a Demon-chaser from Mopar which reveals a 1,000-horsepower crate motor that takes last year’s version of the Hellcat line to new levels. (more…)

Mopar Caps SEMA Surprises with 1,000 HP Hellephant

Mopar puts a distinctive spin on a pair of FCA icons.

by Paul A. Eisenstein on Oct.30, 2018

Looking to blow away a Dodge Demon? Good news! Mopar has you covered with the Hellephant-powered Super Charger.

You can never be too rich, nor have too much horsepower. And for those who thought the Dodge Demon was pushing the limits, Fiat Chrysler’s Mopar division will deliver a high-performance surprise at this year’s SEMA Show.

Taking things into four digits for the first time, Mopar gave a handful of journalists a sneak peek at three customized models it will bring to the annual accessories show in Las Vegas next week – as well as the most powerful, factory-supplied “crate” engine ever to be offered to serious performance fans.

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And you can be sure that anything using the 1,000 horsepower V-8 will be hitting 60 by the time you pronounce its full name, the Fiat Chrysler 426 Crate Mopar Hellephant. (more…)

Toyota Makes It Official: New Supra Bows at Detroit Auto Show

Sports car fans must wonder no longer.

by Michael Strong on Oct.30, 2018

With each passing day, the Toyota Supra inches closer to reality, including this heavily camouflaged model at Goodwood.

Toyota Supra fans can celebrate — finally.

We mean it this time. Truly.

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The company officially announced it plans to debut the long-awaited return of Toyota’s beloved sports car at the North American International Auto Show in Detroit in January. (more…)

FCA, Mopar Offer Sneak Peek at SEMA Offerings

Ram trucks get massive makeovers.

by Michael Strong on Oct.26, 2018

Mopar's Low Down Ram gets lower and meaner for SEMA. It's one of two Rams heading to the show in Las Vegas.

With SEMA right around the corner, Fiat Chrysler officials are providing an early look at two entries it’s bringing to the Las Vegas show: The Low Down Ram and Ram Rebel.

The pickup trucks, customized with a combination of Mopar production and prototype parts and accessories, are two of 14 personalized rides, as well as hundreds of Mopar products, that will be on display in the brand’s 15,345-square-foot exhibit in the Las Vegas Convention Center.

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“The SEMA Show is truly the greatest stage for our brand to demonstrate what owners and enthusiasts can create with a little imagination and a selection of Mopar parts and accessories,” said Steve Beahm, Head of Parts & Service (Mopar) and Passenger Car Brands, FCA – North America.  (more…)

Tesla Bucks Analysts Predictions, Turns Q3 Profit

EV maker reports net income of $312 million.

by Michael Strong on Oct.24, 2018

Tesla's Model 3 production has been the focus of the company much of the year, and its paid off with profits.

He may not be much on meeting production deadlines, but Tesla CEO Elon Musk predicted the company would be profitable in Q3 and, well, it is.

The company reported GAAP net income of $312 million on $6 billion for its automotive business. Perhaps more importantly, it produced a better than 20% margin on the new Model 3, Musk noted.

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“It was a truly historic quarter for us,” he said during the company’s earnings conference call. “Our total cash increased by $731 million and we had free cash flow (operating cash flow less capex) of $881 million despite less than 10% of that amount coming from key working capital items.” (more…)

Hackett Says Ford Making Headway on Turnaround

Rollout of new Ranger leads new product onslaught.

by Joseph Szczesny 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…)