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Archive for the ‘SUVs’ Category

Aiming to Launch Tesla Model Y Challenger in 2021, Fisker Searching for Plant Site

Electric SUV planned at "below $40,000."

by Paul A. Eisenstein on Mar.18, 2019

The Fisker SUV will adopt an SUV style and offer more interior space than the typical ute by placing key components under the floorboard.

Long-time automotive designer and entrepreneur Henrik Fisker is readying a challenger to the upcoming Tesla Model Y that will be ready for production during the second half of 2021 at a price of “below $40,000.”

With a range estimated at “around” 300 miles, Fisker Inc. plans to produce it at a factory in the U.S. and is currently searching for a plant site in one of eight states, the Danish-born executive told TheDetroitBureau.com in an exclusive interview. The company is putting an emphasis on acquiring an existing factory, preferably one of the many abandoned auto plants around the U.S.

Beyond the Headlines!

“We hope to pick a site within the next eight to 10 weeks,” Fisker said, noting that a Midwest site with ready access to existing suppliers is high on the priority list, though the final choice would also be impacted by available incentives.

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Cadillac’s New CT5 Revealed Through a “Sensory Symphony”

“We’re very much committed to sedans,” says brand boss Carlisle.

by Paul A. Eisenstein on Mar.18, 2019

The Sport edition of the 2020 Cadillac CT5.

Hoping to rebuild momentum for its struggling turnaround strategy, Cadillac has been putting a premium on SUVs, rolling out new models like the XT4 and XT6 this past year and preparing to upgrade the older XT5 and Escalade models, as well.

That’s a logical move, considering utility vehicles now dominate the luxury car market. But General Motors’ flagship brand isn’t abandoning its more traditional product family. The CT5, the new midsize sedan that will be replacing the old CTS, is making its debut today through a broad social media campaign it is calling a “Sensory Symphony,” ahead of its more formal appearance at the New York International Auto Show next month.

Product News!

“We’re very much committed to sedans. Let me clear the air about that,” said Caddy President Steve Carlisle said during a media background briefing.

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Millennials Bucking the Automotive Trend With Driving Choices

Honda Accord is vehicle at the top of the list.

by Michael Strong on Mar.18, 2019

The Honda Accord is the top choice for millennials despite the fact they could likely afford a more expensive vehicle.

For so long, they’ve been the generation of non-drivers content to Uber their way through the world while staring at their iPhone or Samsung Galaxy. However, now that millennials are indeed driving, it’s time to see WHAT they’re driving.

Millennials may be content to spend big money on electronics, it appears that doesn’t translate to their vehicles, according to new study showing that the most popular vehicle among drivers 22 to 37 years old is the Honda Accord.

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This choice of a $23,000 sedan reinforces that millennials aren’t bound to follow the choices made by their parents or others. (more…)

Mustang Electrified?

Ford counter-programs debut of the Tesla Model Y and hints of a high-performance CUV to come.

by Paul A. Eisenstein on Mar.15, 2019

“Hold your horses,” or so said Ford Motor Co. in a tweet not-so-coincidentally timed to reach the social media world just as Tesla CEO Elon Musk was getting ready to debut his company’s new Model Y battery-electric SUV.

The Ford post featured that short blurb and a blue version of the Mustang logo against a black background, nothing more. But it does hint at several projects that Ford has already confirmed are in the works. That includes both a hybridized version of the pony car, as well as a Mustang-influenced all-electric SUV that Ford announced during the 2018 North American International Auto Show in Detroit.

Electrifying News!

An early player in the electrification field, Ford has fallen behind not just Tesla but conventional rivals like General Motors and Volkswagen, both investing heavily in long-range, battery-electric vehicles, or BEVs. Ford officials say they are going to make a push to catch up and have confirmed that the first entry into next-gen electric technology would be a performance-oriented crossover tentatively named Mach 1 and due to market about when the Tesla Model Y hits the street about a year from now.

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As Tesla Model Y Debuts, Musk Asks: Do You Think We’re “S3XY”?

New Model Y to be offered in four distinct versions – but economy buyers will have to wait.

by Paul A. Eisenstein on Mar.15, 2019

The Tesla Model Y is likely to look quite familiar to fans of the earlier Model 3 sedan.

The long-awaited Tesla Model Y made its formal debut on Thursday night, with CEO Elon Musk declaring it takes an already attractive line-up and makes it “S3XY.” The inside joke adds the new electric SUV to the automaker’s existing line-up of Models S, 3 and X.

But there’s a serious side to the launch. Tesla continues to struggle to right its balance sheet, plunging back into the red this quarter after earning money during the second half of 2018. The Model Y is expected to become Tesla’s best-seller, Musk declared, telling his audience “we’ll do more Model Ys than S, X and 3 combined.” And that includes not just the U.S. but also China, where Tesla is struggling to get a foothold in the world’s largest market for battery-electric vehicles.

Breaking Product News!

The Model Y will be one of the vehicles Tesla plans to produce once it opens up a new plant in Shanghai later this year. That will give it a way to hold costs down and also to sidestep any escalation in the U.S.-China trade war.

(Here’s our Model Y preview. Click Here to see how close we came.)

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What to Expect When Tesla’s Model Y Rolls Out

New electric-SUV could double sales of Model 3.

by Paul A. Eisenstein on Mar.14, 2019

The Model Y debuts tonight and will be more expensive than the Model 3.

In a market where SUVs and CUVs have overwhelmed traditional sedans and coupes, there’s a yawning gap in the Tesla line-up that the upstart automaker intends to fill in the months ahead.

And the process will begin this evening when CEO Elon Musk pulls the wraps off the Tesla Model Y. Set to become the fourth product in the automaker’s portfolio, the battery-SUV could outsell all existing Tesla products combined, at least if a recent forecast by CEO Elon Musk proves accurate.

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“We will probably see higher volumes for Model Y than Model 3, (perhaps) double,” the 47-year-old exec said during a late January conference call with auto analysts and journalists. (more…)

VW Expects to Sell 22 Million EVs Over Next Decade

CEO’s new target marks a 50% jump.

by Paul A. Eisenstein on Mar.12, 2019

VW CEO Herbert Diess is shown here with the I.D. Crozz and Buzz concept vehicles.

Germany’s Volkswagen AG expects to sell 22 million battery-electric vehicles over the next decade, CEO Herbert Diess said during the company’s annual meeting on Tuesday.

The carmaker has been on an aggressive push into electrification and has outlined projects expected to cost it close to $100 billion by 2025 alone. But, until today, Diess had set a target of selling just 15 million battery-cars. Either figure would mark a massive increase considering VW sold just 50,000 all-electric vehicles last year.

Electrification News!

“The supertanker is picking up speed,” Diess said Tuesday in a speech to shareholders gathered in Frankfurt. “We are aligning Volkswagen with e-mobility like no other company in our industry.”

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Tesla Backtracks on Store Closures; Raises Prices 3% Instead

$35K Model 3 exempt from price increase.

by Michael Strong on Mar.11, 2019

Tesla announced it will only close half of its stores and offset that by raising prices 3%.

Tesla buyers looking to walk into a store to buy a new vehicle were disappointed recently when Chief Elon Musk said the company would close the stores to cut costs — now they can rejoice.

In a blog post, the company announced it would only close about half of the stores across the country, after a spate of negative feedback about the move initially.

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“Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced,” the electric carmaker said.  (more…)

BMW: The Leading US Exporter of New Vehicles

Automaker's SUVs extreme popularity give it the title.

by Michael Strong on Mar.08, 2019

BMW shipped more than 234,000 SUVs and coupes from the U.S.

Once again, BMW is the top exporter of vehicles from the United States. For the fifth year in a row, the German automaker’s X series sport activity vehicles took it to the top of the heap.

The company said it exported 234,689 units of its sport-utilities and coupes from its Spartanburg, South Carolina, plant during 2018, totaling more than $8.4 billion in 2018.

The Last Word!

“Despite…the ongoing uncertainty regarding trade and tariffs, plant Spartanburg is still positively contributing to the U.S. balance of trade,” said Knudt Flor, president and CEO of BMW Manufacturing Co LLC. (more…)

Toyota Building Lunar Rover for Japan’s 2030 Moon Landing

Japan's lunar mission targeting 2030.

by Michael Strong on Mar.06, 2019

Toyota will follow in GM's tire tracks and build a lunar rover, although it's likely it will look a bit different than the original shown here.

Toyota appears set to do something only General Motors has done before: Put a car on the moon.

The Japanese automaker is working with the Japanese Aerospace Exploration Agency (JAXA) to develop a new lunar rover for the agency’s new moon mission, which is targeted for 2030. However, more details are set to be announced next week.

Out of this World!

“We are planning to cooperate with Toyota in an exploration mission to the moon,” a JAXA spokesperson told SkyNews. (more…)