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Molly Brookshire

Marchionne insists Jeep can hit 1 million sales in 2014 - 0 views

  • Jeep will achieve its goal this year of selling 1 million SUVs around the world.
  • Marchionne reiterated that the Wrangler and the Grand Cherokee will not be built outside the United States.
Molly Brookshire

Toyota begins production of 2014 Highlander in Indiana - 0 views

  • The popularity of the Highlander led Toyota to invest $430 million in the Princeton plant, creating an additional 600 jobs,
  • The company said it will export Highlanders from Indiana for the first time, shipping vehicles to Russia and Australia.
Molly Brookshire

Honda bets big on small Vezel crossover, eyes turbo for U.S. - 0 views

  • The Vezel -- a small crossover based on Honda’s redesigned Fit subcompact -- goes on sale
  • in the United States in the second half of 2014
  • rivals as the Mazda CX-5, Nissan Juke and Subaru XV Crosstrek
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  • Vezel is the car’s Japan-market name. The U.S. name will be announced later, Honda said today.
  • In the United States, Juke sales have climbed 4 percent this year and Mazda CX-5 demand has surged 95 percent. Sales of the new Subaru XV Crosstrek have totaled 48,216, while Buick Encore sales are 29,195.
  • Honda plans to source all U.S. Vezels from its new plant in Mexico
  • A spokesman said Honda wants to establish the gasoline version in the market before deciding on whether to add a hybrid option to the lineup
  • Honda is also banking on the vehicle to fuel a big surge in U.S. sales. Honda built the new plant in Mexico with capacity of 200,000 units just to make the crossover and the Fit hatchback. More than half of the plant’s capacity will be devoted to the crossover, says Ito.
Molly Brookshire

Mercedes-Benz's autonomous driving features dominate the industry -- and will for years - 0 views

  • When Mercedes-Benz debuted its new Intelligent Drive package of safety and driving-assistance systems last fall, it raised the bar for the rest of the industry.
  • The features on the 2014 S-class sedan are the most advanced in a production vehicle. And Mercedes-Benz appears likely to stay ahead of the competition for several years.
  • When the S class debuted, I'd say they had a 30-month lead on the competition in terms of technology deployment,"
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  • "This skips a whole generation of S class -- it went into the future. It is 70 percent autonomous driving."
  • Available first on the S-class sedan as a $2,800 option, Intelligent Drive also is offered on the re-engineered 2014 E-class lineup. Much of the technology will trickle down to the redesigned 2015 C-class sedan that goes on sale in the fall. Some features are even available on the smaller B-class Electric Drive that went on sale last month.
  • The take rate on Intelligent Drive for the S-class sedan is 50 percent. It falls to 15 percent for the E class.
  • For Mercedes, having this edge is a competitive weapon in the luxury segment, where quality, gadgets and horsepower are no longer significant differentiators.
  • Hyundai with its new Genesis is the closest but the competition is probably three years behind
Molly Brookshire

Mazda2 output begins in Japan - 0 views

  • Mazda Motor Corp. began manufacturing the next-generation Mazda2 subcompact in Japan today
  • The fourth-generation Mazda2, called the Demio in Japan, will go on sale here in the fall, Mazda said in a statement. It will hit American showrooms in 2015.
  • It is the first Mazda2 to be equipped with the full suite of Mazda’s fuel-saving Skyactiv technologies, including new engines, transmissions, body, and chassis. It is the fourth Mazda nameplate to receive the Skyactiv makeover, after the CX-5 crossover and Mazda6 and Mazda3 sedans.
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  • The U.S. version is expected to be sourced from Mazda’s new plant in Salamanca, Mexico, which opened earlier this year and makes the Mazda3.
  • Supplemental volume for the U.S. market may also come from Japan, but Mazda has not detailed sourcing plans yet. Currently all Mazda2s are imported from Japan.
  • U.S. sales of the outgoing Mazda2 surged 42 percent to 7,957 vehicles in the first six months of the year, from 5,594 the year before, as the carmaker cleared out inventories.
  • But last year, sales of the aging nameplate, which is getting its first full redesign in seven years, slumped 39 percent to 11,757.
  • That ranked it near the bottom of the subcompact segment, way below such rivals as the Chevrolet Sonic, the Ford Fiesta, the Honda Fit, the Kia Soul, the Nissan Versa, the Hyundai Accent and the Toyota Yaris.
  • The next Mazda2 will also provide the basis for a new subcompact sedan from Toyota Motor Corp. That car will be made in Salamanca, where Mazda has allocated about 50,000 vehicles for Toyota from its full annual capacity of 230,000 units. While that car will get Skyactiv underpinnings, including a Skyactiv engine, it will have a Toyota-designed body. Output for Toyota is expected to begin after April 1, 2015, but before March 31, 2016.
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    Mazda2 had slumping sales in 2014, but with redesign, it could bring competition to the Yaris. Also, Mazda2 platform will be used for a new Toyota-designed body. ?.
Molly Brookshire

Ford plans to add thousands of jobs, 3 plants and 23 vehicles - 0 views

  • A confident Ford Motor Co. said today that it plans to add 5,000 U.S. jobs in 2014, open two plants in Asia Pacific and one in South America, and launch 23 vehicles globally.
  • Ford plans 16 launches in North America. They include the Ford Mustang, Ford Transit Connect, Ford Transit and Lincoln MKC.
Molly Brookshire

VW Group targets 10 million sales this year on model expansion - 0 views

  • Volkswagen Group may sell more than 10 million vehicles in 2014, four years earlier than planned, as Europe's largest automaker accelerates model introductions in a strategy to overtake Toyota Motor Corp. as the global sales leader.
  • Volkswagen, which has budgeted 84.2 billion euros ($117 billion) in investments through 2018 to pursue a goal of taking the No. 1 spot from Toyota, said it will introduce more than 100 models this year and next, including vehicles for the mass-market VW nameplate and the Audi and Porsche premium marques
Molly Brookshire

Hyundai promises a more refined, upscale Sonata during unveiling - 0 views

  • Hyundai says it spent
  • over the past three years developing the 2015 Sonata.
  • roughly $416.3 million
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  • For its seventh generation, Hyundai says the Sonata has “evolved into a more refined premium vehicle” that “provides a luxury feel of a car from the segment above.”
  • The Sonata became Hyundai’s top-selling car, with sales topping 200,000 units in 2011, 2012 and 2013. But sales have slowed since fresher competing models such as the Honda Accord, Ford Fusion, Nissan Altima and Toyota Camry hit the market, with sales dipping by 12 percent last year and off another 28 percent through the first two months of 2014.
Molly Brookshire

Panasonic hesitant to commit to Tesla battery factory - 0 views

  • Joining Tesla's "Gigafactory" battery project would raise investment risks, Panasonic President Kazuhiro Tsuga
  • The plant may require as much as $5 billion to build and employ about 6,500 people by 2020,
  • Tesla relies on Panasonic for the battery materials
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  • If Panasonic isn't involved, that will make the factory much more of a challenge,
Molly Brookshire

Toyota's major midcycle revamp aims to keep Camry on top - 0 views

  • The midcycle revamp is an apparent response to consumers' indifferent reaction to the bland 2012 redesign and Toyota's subsequent need to crank up incentives. Camry sales were flat in 2013, just keeping pace with the overall segment, and the car's 2014 sales through February fell 17 percent, compared with an 11 percent drop for the segment.
  • Since the redesigned Camry was launched in October 2011, the car's incentives have risen above the average for the mid-sized sedan segment -- this from an automaker that has prided itself on having some of the lowest incentives in the industry. But the Camry incentives didn't help lackluster sales.
  • Through February, the Nissan Altima was the top seller, although one large multibrand dealer said that was the result of big sales to daily rental fleets, which will subside as the year progresses.
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  • Another worrying trend for Toyota could be slipping owner loyalty.
  • Camry owners who bought another Camry stayed level, at 30 percent,
Molly Brookshire

VW to Spend $7 Billion to Revive U.S. Growth With New SUV - Bloomberg - 0 views

  • Demand for its namesake brand fell 6.9 percent to 407,700 autos last year on declining demand for the U.S. version of the Passat
Molly Brookshire

VW poised for SUV go-ahead as U.S. slide threatens goals | Reuters - 0 views

  • needs more models designed for U.S. consumers and manufactured competitively in the region, analysts say
  • VW's U.S. deliveries fell 7 percent in 2013 as a push into competitive midsize cars lost traction, with the brand languishing in the bottom third of quality rankings - a mirror image of its European standing that puzzles German bosses.
  • The Passat, Golf and imported Tiguan and Touareg SUVs lost ground to fresher models from U.S. and Japanese rivals, which increased sales in a market that grew 7.6 percent overall.
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  • To price cars competitively, it tried offsetting the cost of its sophisticated mechanics by stripping out features and using entry-level trims in the Passat and Jetta.
  • ranks 23rd out of 33 brands, with 120 problems reported for every 100 new cars within the first 90 days.
  • "The Passat is up against a redesigned Nissan Altima, a redesigned Honda Accord and a redesigned (Ford) Fusion - all undercutting VW on pricing," said Alec Gutierrez, an analyst with Kelley Blue Book, which tracks U.S. car values.
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