Tesla Bleeds Money Again Despite EV Hype

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More on this:1 After Flamethrowers and Teslaquila, Elon Musk Will Make Electric Leaf Blowers2 Tesla Updates Model S and X with Increased Range, New Suspension and More3 Video of Full Self-Diving Tesla Shows How Boring the Entire Experience Can Be4 Elon Musk Announces Gigantic Uber-Like Service with Self-Driving Cars5 Tesla to Reveal Full Self-Driving Tech on Monday, April 22

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Tesla Bleeds Money Again Despite EV Hype

25 Apr 2019, 9:44 UTC ·
by Daniel Patrascu

Home > News > Industry

It was a very busy week for the world’s iconic electric carmaker, Tesla. It started on a high note on Monday, with Elon Musk outlining plans for the future, but reached a dramatic climax as the financial results for the first quarter of the year were released on Wednesday.
7 photosIf we didn’t know better, we’d think Musk's presentation on the first day of the week was designed to soften the blow of a negative financial performance, by announcing a million autonomous cars on the roads next year. But on Wednesday, the company announced its financial proficiency for the first three months of the year, and it’s all dramatic.
In spite of the positive way in which the company came out of 2018, at the end of March 2019 Tesla posted a net loss of $702 million, including $188M of non-recurring charges, and exceeding some of the most pessimistic expectations of the market.
The loss, huge for a carmaker the size of Tesla, comes on the background of an increased production of cars. In the first quarter, there were some 63,000 electric cars made, a rise of 3 percent over the previous quarter and an encouraging sign the company might meet its 400,000 targets for this year.
The carmaker blames part of the loss in the past few months on dropping prices, the start of production overseas and the reduction of the tax credit.
“This required significant effort for Tesla and resulted in an inventory build for overseas markets at the front half of the quarter, with shipments loaded into the back half of the quarter,” the carmaker said according to Clean Technica.
“The last 10 days of the quarter, specifically, saw the bulk of the deliveries as Tesla pushed to unload the inventory it had built up in the front half of the quarter. Dropping prices in Q1 puts pressure on automotive margins. We need to work through this in Q2, impacting profitability.”

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Toyota Commits an Extra $3 Billion Investment in U.S. by 2021

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Toyota Commits an Extra $3 Billion Investment in U.S. by 2021

15 Mar 2019, 15:37 UTC ·
by Daniel Patrascu

Home > News > Industry

Back in 2017, Japanese carmaker Toyota announced it will be investing a total of $10 billion in its U.S. operations by 2021. This week, the company upped the ante by adding an extra $3 billion to that plan.
8 photosThe expanded investment is meant to support the start of production of the RAV4 Hybrid and Lexus ES 300h at the Georgetown facility in Kentucky, and to expand the engine production capacity in Huntsville, Alabama.
The number of hybrid transaxles produced in Buffalo, West Virginia, is set tol double, and the casting operations at the Bodine Aluminum’s Jackson facility in Tennessee will be expanded, as will the ones in Troy, Missouri.
“These latest investments represent even more examples of our long-term commitment to build where we sell,” said in a statement Jim Lentz, chief executive officer for Toyota Motor North America.
“By boosting our U.S. manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity.”
Thanks to the planned investments in the five American states, Toyota will also need additional workforce: the carmaker says it will hire 586 people to fill in production roles.
The expansion of the production activities in the U.S. comes at a time when Toyota is fighting hard to remain the world’s top carmaker, in the face of Volkswagen’s continuous assault.
In 2018, Toyota sold 8.09 million vehicles, compared to the 6.74 million cars sold by the German rivals. However, these numbers reflect only the main brands of the two companies.
Taking into account all of Volkswagen’s owned brands, the number it sold as a group rises to 10.83 million, well above the Japanese.
In all, Toyota operates 10 manufacturing facilities in the States. Earlier this year it announced a joint venture with Mazda for the build of an additional facility, which will begin operations in 2021.

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The Volkswagen Golf Is 45 Years Old, Prepares To Welcome 8th Generation

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The Volkswagen Golf Is 45 Years Old, Prepares To Welcome 8th Generation

30 Mar 2019, 16:32 UTC ·
by Mircea Panait

Home > News > Car Profile

When the Golf arrived in 1974, the Beetle was 36 years old. That’s a lot by modern standards, but Volkswagen kept making the damn thing in Puebla, Mexico until July 2003. Over 21 million examples of the breed were produced over 65 years, but the Golf is even more popular.
28 photosMore than 30 million were manufactured by June 2013, and as of 2016, the total ballooned to 33 million. Even though it’s not the people’s car the Beetle used to embody, there’s no denying Volkswagen focus a lot with every generation to deliver a world-class hatchback.
Also available as a station wagon (called Variant), in Alltrack flavor, GTD, GTI, all-wheel-drive R, GTE, e-Golf, and Sportsvan, the perennial best-seller turned 45 years old in March 2019. Volkswagen claims that “a new Golf has been ordered every 41 seconds” since 1974, and total sales number in the 35 million.
That’s an average of 780,000 units are delivered each year, an astounding figure by all accounts. Wolfsburg, which is the home of Volkswagen, is where the first generation entered production on March 29th, 1974. First deliveries began on August 5th, and in the first years of availability, the Golf couldn’t muster more than 70 metric horsepower from 1.5 liters of displacement.
This gets us to the 1.5 TSI Evo in the seventh generation, which combines efficiency and performance with the seven-speed DSG. From the 2.0 TSI, the Golf R produces 300 ponies in bone-stock specification. There’s talk Volkswagen might hybridize the performance-oriented model for the next generation, cranking up the output to 330 or even 400 horsepower.
Speaking of which, there’s a new Golf in the pipeline for the 2020 model year. Production will start in June 2019, five months before the ID. Neo electric hatchback goes official. The premiere of the eighth generation is expected in the summer, with deliveries anticipated to start in the fall.
Compared to the Giorgetto Giugiaro-designed first generation, the Mk 8 isn’t as pretty. On the other hand, car safety legislation gave designers more freedom for their visions back in the 1970s.

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Third-Generation Skoda Octavia Sells More Than 2.5 Million Units Worldwide

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Third-Generation Skoda Octavia Sells More Than 2.5 Million Units Worldwide

31 Mar 2019, 13:38 UTC ·
by Mircea Panait

Home > News > Car Profile

When talking about Skoda, some people might underestimate the reach of the Czech automaker. Controlled by the Volkswagen Group, the best-selling model of the brand is the Octavia, which numbers in the 2.5 million with the third generation alone.
14 photosLaunched in 2012 on the MQB platform and Volkswagen everything, the Typ 5E is produced in the Czech Republic, Russia, India, China, Kazakhstan, and Algeria. It’s an understated success story, and the Octavia is Skoda’s most popular nameplate worldwide thanks to 388,200 sales in 2018.
“Double that of the automaker’s next most popular model,” highlights Automotive News Europe, referring to the Rapid. First utilized in the ‘30s, the nameplate came back in 2012 for a small family car developed to take over three continents. More to the point, those are Europe, Asia, and Africa.
The Scala serves as the replacement for the Rapid, larger and more expensive than the preceding mode. On the upside, it’s much safer, more techy and comfy, and more efficient thanks to improved aero. Having said these, let’s turn our attention back to the Octavia.
Celebrating its 60th anniversary in 2019, the original was introduced in 1959 by AZNP. “A Z N what now?” That used to be Skoda’s name until the communist regime fell, standing for Automobilové Závody Národní Podnik. The Octavia from 1996, the first generation developed from a clean sheet of paper by the Volkswagen Group, got the ball rolling.
Before the 1996 Octavia, however, the Volkswagen Group attempted to redesign the Skoda Favorit, turning it into the Felicia from 1994 to 2001. The Favorit is the last Skoda based on the Czech automaker’s own platform, representing the end of an era for Mladá Boleslav and the Czech automotive industry.
Skoda will redesign the Octavia from the ground up in 2020, eight years after the third generation started production. The fourth generation “is expected to be revealed later this year,” and similar to the Golf Mk 8, the Octavia will utilize an evolution of the MQB platform.

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Chevy Invests In Bowling Green, Adds 400 Jobs To Support C8 Corvette Production

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Chevy Invests In Bowling Green, Adds 400 Jobs To Support C8 Corvette Production

26 Apr 2019, 8:52 UTC ·
by Mircea Panait

Home > News > Industry

We’re closer and closer to the July 18th reveal of the C8 Corvette, the first ‘Vette with the engine in the middle and a dual-clutch transmission. Bowling Green closed for a little while in 2017 for re-tooling, but following millions of dollars in investments, the plant gears up to assemble the sports car that Zora Arkus-Duntov used to dream about when he was at General Motors.
12 photosMore than $900 million have been invested in Bowling Green since 2011, and 400 hourly jobs will be added at the Kentucky-based plant in support of the C8 Corvette. That translates to adding a second shift, which means that General Motors has high expectations from the mid-engined successor.
“The Corvette’s iconic status owes so much to the men and women of Bowling Green, where it has been built exclusively for almost 40 years,” declared, Mary Barra. “This is the workforce that can deliver a next-generation Corvette worthy of both its historic past and an equally exciting future,” added the chairman and CEO of General Motors, “and today’s announcement gets us one step closer to its reveal on July 18th.”
Bowling Green is also the place where Cadillac builds the 4.2-liter LTA for the CT6. Known as the Blackwing, the twin-turbo engine develops between 500 and 550 horsepower plus 553 or 627 pound-feet. Chevrolet is expected to build upon this engine for the Corvette as well, and there’s also talk of a hybridized twin-turbo V8 with close to 1,000 horsepower.
In the first instance, the C8 will be motivated by the 6.2-liter LT2. An evolution of the LT1 in the C7, the small-block V8 with the Z51 Performance Package is expected to develop 500 horsepower. An eight-speed DCT comes standard, and no, Chevrolet won’t offer a three-pedal setup.
Various reports put the retail price of the newcomer between $60,000 and $70,000 before destination. Given that the seventh-generation model starts at $55,900, the pricing seems right considering the additional complexity of the C8 Corvette.

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Mercedes-Benz EQC Begins Production as Cheapest Premium Electric SUV Available

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More on this:1 Mercedes-Benz EQC Edition 1886 Arriving In North America In 20202 Mercedes-Benz EQC Meets Ice In Sweden as It Gets Ready for Market Launch3 Mercedes-Benz EQC Is Three Months Behind Schedule4 Mercedes-Benz EQC Crashes to Prove It’s Safe5 Porsche Panamera Turbo S E-Hybrid Hunts Down 2020 Mercedes EQC on Nurburgring

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Mercedes-Benz EQC Begins Production as Cheapest Premium Electric SUV Available

6 May 2019, 12:00 UTC ·
by Daniel Patrascu

Home > News > Car Profile

The first Mercedes-Benz car wearing the EQC brand name is getting ready to hit the road in the coming weeks, as the German carmaker announced on Monday the start of production for the SUV, and the opening of the order books.
13 photosStarting at €71,281 in Germany, the EQC is the cheapest of all the premium electric SUVs currently available on the European continent. For comparison, Audi’s e-tron retails on the same market from €79,900, the Jaguar I-Pace from €78.240 and Tesla’s Model X starts at €85,300.
Mercedes will try to make an extra buck by launching the EQC Edition 1886, a version that will be available from launch. This variant will come with increased range and a price tag of €84,930.
Despite the lower price for the entry-level trim, the EQC will offer, besides the feel of a Mercedes, about the same performance as all the others, with a range of 445 – 471 km (276 – 292 miles), as measured in the NEDC cycle, and 402 hp coming from two electric motors, fitted one on each of the axles.
Power for the SUV is stored in an 80 kWh lithium-ion battery built in-house, a battery that can be charged via a 7.4 kW onboard charger or via charging stations of up to 110 kW. If this latter solution is chosen, 80 percent battery capacity can be achieved in around 40 minutes.
Like all the other recent Mercedes cars, the EQC is equipped with the MBUX infotainment system.
“With the Mercedes-Benz EQC, we are entering a new era of mobility. It is part of the growing family of all-electric vehicles at Mercedes-Benz and combines brand-defining features such as quality, safety and comfort,” said in a statement Britta Seeger, the executive in charge with Mercedes-Benz cars sales.
“We offer our customers progressive design and unique ride comfort – and this with a range absolutely suitable for everyday use.”
As said, Mercedes kicked off production for the model, with the first EQC expected to roll off assembly line shortly. It is manufactured at the plant in Bremen, on the same production line as the C-Class and GLC.

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Maserati Alfieri Pre-Production Starting In First Half Of 2020

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More on this:1 Maserati Levante Vulcano Limited Edition Ready to Erupt in Europe and Asia2 Maserati Recalls Ghibli, Quattroporte Over Damaged Fuel Lines3 $120,000 Maserati Levante GTS Coming to Los Angeles Auto Show4 FCA CEO Acknowledges Maserati Is Failing5 Ares Design Reimagines the Maserati A6G/2000 Spyder by Frua

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Maserati Alfieri Pre-Production Starting In First Half Of 2020

12 Feb 2019, 11:41 UTC ·
by Mircea Panait

Home > News > Car Profile

Remember when Honda said it would bring the NSX back, better and more exciting than the original? Took them a long time, and following years of overpromising, the Ford Motor Company overshadowed the reveal of the NSX with not one, not two, but three performance-oriented vehicles at the 2015 North American International Auto Show in Detroit.
30 photosMaserati finds itself in a similar problem with the replacement for the GranTurismo, shown as a concept at the 2014 Geneva Motor Show and promising to go into production every six months or so. This time around, the House of the Trident isn’t slacking anymore, deciding to confirm pre-production of the GranTurismo-replacing sports car in Modena, Italy.
An unassuming press release with “public authorities” and “unions” in the title serves as the confirmation. There are two statements of interest to us and prospective customers, starting with “the plan is to upgrade and renew the current production lines starting this autumn.”
Even though Maserati doesn’t name the Alfieri in the release, “the first pre-series production cars of a totally new model, a characteristically Maserati sports car, will roll off these lines starting in the first half of next year.” No points will be awarded to who guesses what the Fiat Chrysler Automobiles-owned brad is talking about.
Maserati previously stated the Alfieri would ride on an aluminum spaceframe and feature two body styles (coupe and cabrio). Under the Maserati Blue sub-brand, the Italian automaker will introduce its “first luxury EV coupe” with E-AWD coming courtesy of three electric motors, 800-volt battery technology, full active torque vectoring, active aerodynamics, and a top speed in excess of 300 km/h (186 mph), based on the Alfieri.
Capable of hitting 100 km/h (62 mph) in approximately two seconds, the Alfieri EV won’t be available at launch. Instead, a V6 plug-in hybrid and standalone V6 engine options will have to make do. It’s believed the entry-level configuration is a twin-turbo V6 with 410 PS (404 horsepower) and rear-wheel drive.
Given time, Level 3 semi-autonomous driving technologies and the D-UV (a.k.a. Alfa Romeo Stelvio by Maserati) will be introduced as well. An all-new Levante, Quattroporte, and “Ghibli MCA” will be revealed by 2022.

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MASERATI models:MASERATI Levante Trofeo Medium SUVMASERATI Ghibli GranLusso LuxuryMASERATI GranCabrio Roadster & ConvertibleMASERATI GranTurismo CoupeMASERATI Ghibli LuxuryAll MASERATI models

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BMW X3 M and X4 M Join Production Queue in Spartanburg, South Carolina

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More on this:1 UPDATE: BMW M3 Nurburgring Taxi Running Costs Explained, Total Is €235,000/Year2 BMW X3 and X4 Get M Variants with 480 HP Engine3 2021 Rolls-Royce Ghost Prototype Shows Sleeker Headlights4 2020 Alpina B7 xDrive Is the Only Production BMW 7 Series with 600 HP5 BMW Bids Farewell To M140i With Finale Edition In Australia

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BMW X3 M and X4 M Join Production Queue in Spartanburg, South Carolina

14 Feb 2019, 13:53 UTC ·
by Daniel Patrascu

Home > News > Car Profile

Fresh out of the box as the newest additions to lineup of BMW M models, the X3 M and X4 M have already joined the list of cars being manufactured at the carmaker’s facility in the U.S. With their addition, the location in Spartanburg, South Carolina, increases the number of X models it assembles to nine.
2 photosAnd it’s no surprise that is so, considering the fact that the Xs in the lineup, meaning BMW’s SUVs, accounted for more than half of the company's sales in the country last year. At the same time, with a production capacity of 450,000 vehicles per year, the Spartanburg facility is BMW’s largest in the world and the perfect point of origin for the two cars.
“The addition of these two all-new models plus the first-ever BMW X7, which began production last December, is a testament to the performance, passion and pride of the more than 11,000 people working at Plant Spartanburg and serves to further underscore BMW’s commitment in the U.S.,” said in a statement Knudt Flor, MW Manufacturing CEO.

“Since the BMW X5 was first introduced, creating the premium SAV segment in 1999, Plant Spartanburg has been BMW’s global center of competence for X models and continues to be so today.”
Both the models to be put together in Spartanburg use the same engine, a 3.0-liter that develops 480 horsepower and 600 Nm (442 lb-ft) of torque. Those figures make it the most powerful six-cylinder inline engine ever used in a car by M.
There will be two variants for each of the two Ms, the regular one, if it can be called that, and the Competition. The main difference between them is the fact that the engine on the Competition variants will develop 510 hp and will have a slightly quicker acceleration time. Both cars will enter production this April.

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BMW models:BMW X4 M Medium SUVBMW X3 M Medium SUVBMW 7 Series (G11) LCI Upper PremiumBMW 8-Series Convertible Roadster & ConvertibleBMW X7 (G07) Large SUVAll BMW models

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Rolls-Royce Can’t Keep Up With Demand Thanks To the Cullinan

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Rolls-Royce Can’t Keep Up With Demand Thanks To the Cullinan

18 Feb 2019, 15:15 UTC ·
by Mircea Panait

Home > News > Car Profile

Love them or hate them, SUVs and car-based crossovers are all the rage these days. From the likes of the Dacia Duster and Suzuki Jimny to leviathans like the BMW X7 and Lincoln Navigator, people all across the world can’t get enough of the utility vehicle craze.
29 photosEven Ferrari announced the Purosangue, its first-ever entry in the segment, featuring all-wheel drive and a hybridized V8 from the Italian automaker’s upcoming supercar. But Rolls-Royce has a different idea in regard to what a high-end SUV should be, and this is where the Cullinan steps in.
Revealed in May 2018 and retailing at $325,000 before opening the options and personalization brochures, the Phantom-based utility vehicle isn’t named after the largest gem-quality rough diamond ever discovered just because Rolls-Royce wants to impress. It is even more luxurious than the Bentley Bentayga, and that’s saying something.
Produced at the Goodwood plant alongside the Phantom, the Double R can’t keep up with demand for the thing even though the first examples of the breed arrived in showrooms in November 2018. Automotive News understands from Martin Fritsches, chief executive of the British automaker in the Americas, that “many customers who already drive the Dawn or Phantom buy a second Rolls-Royce.”
“Self-indulgence” is what motivates these people to add the Cullinan to their car collection, and according to Rolls-Royce, the order books are full through July 2019. In the ballpark of half of Cullinan customers are new to the brand, and the luxo-SUV is incredibly successful with women.
Stefano Domenicali of Lamborghini said the same thing about the Urus before the production model went official, and now look at the Raging Bull of Sant’Agata Bolognese. Sales are better than ever before, and even though Bentley came up with the Bentayga Speed (306 km/h), the Urus (305 km/h) accelerates quicker and handles better.
Because of the high-riding Roller, the Goodwood-based automaker had to increase its staff by 200 jobs, now totaling 2,000 employees. For the sake of comparison, Rolls-Royce had 1,300 employees five years ago.

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ROLLS-ROYCE models:ROLLS-ROYCE Silver Dawn CompactROLLS-ROYCE Cullinan LuxuryROLLS-ROYCE Phantom LuxuryROLLS-ROYCE Phantom Coupe LuxuryROLLS-ROYCE Phantom LuxuryAll ROLLS-ROYCE models

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All-American Kia Telluride Enters Production in Georgia

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All-American Kia Telluride Enters Production in Georgia

19 Feb 2019, 8:53 UTC ·
by Daniel Patrascu

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Designed at the Kia Design Center in Irvine California, named after a town in San Miguel County, Colorado, and now rolling off production lines at the carmaker’s facility in Georgia, the Telluride is getting ready to make itself known to its American customers.
12 photosOn Friday, a little over a month after the car’s presentation at the Detroit Auto Show, the Telluride began rolling off production lines in West Point, in the presence of Georgia Governor Brian Kemp and several other high ranking officials.
“This vehicle was imagined and designed specifically for the United States in our Kia Design Center in Irvine, California and is now being assembled here in West Point,” said in a statement the CEO of Kia’s Georgia facility, Jason Shin.
“There is no doubt that the world-class quality and attention to detail of the Telluride will be second to none.”
The Telluride is a big gamble for the South Korean manufacturer. Aside from being an SUV created specifically for the American market, is it also the company’s largest to date, and at the same time the most expensive.
The Telluride is powered by single engine, a 3.8-liter GDI V6 engine mated to an 8-speed automatic transmission and capable of generating 291 horsepower and 262 lb.-ft. of torque.
The model comes equipped with a large 10.25-inch color touchscreen located in the center of the dashboard and providing access to controls and information, including rear view monitoring and parking guidance.
Pricing for the new Telluride starts at $31,690 for the LX trim but can go as high as $43,490 for the SX. Several packages will be available for the model, the most expensive of which is the Prestige: $2,000 for things like Nappa leather interior, a head-up display or Michelin tires.
Kia did not say when it will start receiving orders for the SUV. At the time of this writing, the company’s U.S. configurator does not include the Telluride.

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KIA models:KIA Telluride Medium SUVKIA Soul EV CompactKIA Soul CompactKIA e-Niro CrossoverKIA Ceed GT CompactAll KIA models

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