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Dual-Motor Model 3 Production Imminent As Tesla Registers First VINs

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Dual-Motor Model 3 Production Imminent As Tesla Registers First VINs

23 Jan 2018, 13:09 UTC · by Mircea Panait
/ Home / News / Car Profile

Production of the Model 3 started with great pomp and circumstance in July 2017, and to this day, Tesla has yet to hit the production target it has set for the most affordable car it has ever offered. But 2018 will see Tesla hopefully get its act together.
5 photosA quick look at Tesla.com reveals all-wheel-drive Model 3s will start production in spring 2018, with international deliveries of left-hand drive vehicles to start in the second half of the year. Come 2019, the Fremont plant will welcome the right-hand drive Model 3 for markest such as the UK.
But first, let’s focus on the Dual-Motor Model 3. According to Model 3 VINs on Twitter, the Palo Alto-based electric vehicle automaker registered 19 examples of the dual-motor variant, ranging from vehicle identification numbers 8370 to 8388. A look-up on NHTSA.gov confirms the info.
Given these circumstances, Tesla is certain to have addressed some of the bottlenecks that hampered the Model 3 in the past. And as it’s the case with the S and X, the 3 with Dual-Motor integrates a permanent-magnet motor in the front axle that should mirror the output of the rear drive unit.
It remains to be seen if it’s the same design as the electric motor in the rear-wheel-drive Model 3, which develops 258 horsepower according to the EPA filing when matched with the extended-range battery. The Model 3 Performance, on the other hand, is certain to up the ante even further. The difference is likely to be made by the output of the rear electric motor.
Whatever kind of surprise the automaker has in mind for the Model 3 Dual-Motor and Model 3 Performance, you can bet your sweet bippy 2018 will be a better year for Tesla's new contender in the EV arena. Production was upped in December 2017 to more than 1,000 Model 3s per week. By the end of the first quarter of 2018, the production target is 2,500 units per week.
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Confirmed: Subaru WRX STI Leaves Europe After 2018, Special Edition Incoming

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Confirmed: Subaru WRX STI Leaves Europe After 2018, Special Edition Incoming

22 Nov 2017, 16:57 UTC · by Mircea Panait
/ Home / News / Industry

In a Facebook post published by Subaru of Germany, the Japanese automaker confirmed a suspicion that set the WRX STI community on fire in the past couple of weeks. And that is, the performance-oriented sedan will be pulled off from Europe at the end of 2018. The reason for this decision? The EJ25 engine.
11 photosHere’s Christian Amenda, the managing director of Subaru Deutschland: “The WRX STI has a long and successful motorsport history and enjoys a small but loyal fan base. The increasingly stringent [CO2] emissions regulations in Europe make the [commercial] conditions for such a classic athlete more difficult, which is why Subaru has opted to stop production.” Clear enough?
Fret not, for the WRX and WRX STI will live on in markets such as the United States of America. Over in Europe, however, the writing was on the wall eons before the current breed went official in 2014 for MY 2015. Take Germany as the best case in point possible, a market where high-performance automobiles are in demand. From 2011 to date, Subaru sold less than 1,000 examples of the rally-bred WRX STI in Deutschland, so that’s that.
This is not the end of the Euro-spec WRX STI, though, with the automaker highlighting that “there’s gonna be some delicacies” in 2018. Most likely, Subaru might adapt the Type RA for the Old Continent or offer the WRX STI in 50th Anniversary Edition flavor. Another possibility might be the Final Edition announced for the UK market only recently. What’s more, hearsay suggests work is underway on the next-generation WRX and WRX STI.
According to the rumor mill, the newcomer will welcome hybridization to improve both performance and carbon dioxide emissions. But as Subaru prepares to take the veils off the Ascent seven-seat crossover at the 2017 Los Angeles Auto Show, a second rumor made the rounds. And that is, why wouldn’t the next-generation WRX and WRX STI get the Ascent's 2.4-liter turbocharged boxer engine as a replacement for the venerable EJ25?
Whatever trick Subaru will pull out of the hat for the next generation, don’t expect the torch to be passed before 2020. And with that, now’s the right time to place an order on the WRX STI if you like the smell of a new car.
Editor's note:

UK-spec Subaru WRX STI Final Edition pictured.

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Skoda Expands Karoq Production To Second Plant

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Skoda Expands Karoq Production To Second Plant

23 Jan 2018, 9:57 UTC · by Mircea Panait
/ Home / News / Car Profile

Mlada Boleslav may be the stomping ground of Skoda, but the Karoq’s place of origin is Kvasiny. But as demand for the compact-sized crossover keeps on growing, the automaker sees fit to add the all-new Karoq to the Mlada Boleslav plant too, effective January 2018.
33 photos“We are proud to have established Mlada Boleslav – beside Kvasiny – as a further production site for the Karoq in the Czech Republic,” declared Michael Oeljeklaus, board member for production and logistics at Skoda Auto. “The high demand for our SUV models underlines the fact that we have launched the right vehicles at the right time.”
When all is said and done, the Karoq is more appealing than the Yeti it replaces, whichever way you look at it. With pricing from less than €20,000 for the front-wheel-drive model with a manual transmission and the 115-horsepower 1.0 TSI, the newcomer bridges the gap between the best-selling Octavia and Kodiaq. A smaller crossover (subcompact in size), based on the SEAT Arona, will be added to the lineup in 2019.
To keep up with demand, Skoda poured lots of money into Mlada Boleslav to sustain production. On full song, the factory is capable of producing 320 examples of the Karoq on a daily basis. The fact of the matter is, no other Skoda except for the Karoq is made in two Czech plants, and that’s saying something about the model’s commercial success.
In addition to value for money and ample space, the Karoq is gifted with Kodiaq-infused styling and the dynamic capabilities of Volkswagen’s MQB platform. Customers who want the best Skoda can offer are offered optional extras that include LTE connectivity with Wi-Fi hotspot, a fully customizable digital instrument cluster, and the seven-speed DSG gearbox.
At the present moment, the most powerful Karoq is the 1.5 TSI and 2.0 TDI, both rated at 110 kW. Research and development head Christian Strube is advocating for a hotter Karoq, though it remains to be seen if the higher-ups will give him the go-ahead for the RS.

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Volvo XC40 Starts Production, T5 Twin Engine PHEV And EV Coming In 2018 And 2019

The smallest utility vehicle Volvo ever made is now production reality. The XC40 started rolling off the assembly line in Ghent, Belgium today, and the first customer-bound crossovers are en route to Volvo dealers.

To date, Volvo received more than 13,000 orders for the newcomer of the XC family… (continue reading >>)

Toyota And Mazda Choose Huntsville, Alabama For U.S. Factory

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Toyota And Mazda Choose Huntsville, Alabama For U.S. Factory

10 Jan 2018, 19:31 UTC · by Mircea Panait
/ Home / News / Industry

A whopping $1.6 billion. That’s how much Toyota and Mazda will invest in setting up a production plant in Huntsville, Alabama. Announced in May 2016, the U.S.-based joint factory will open its doors in 2021 and will see up to 4,000 workers churn out up to 300,000 vehicles per year.
50 photosLocated approximately 150 miles from the Tuscaloosa site operated by Mercedes-Benz and 15 miles from Toyota Motor Manufacturing, Alabama, Inc., the Huntsville facility is described by both parties as a “mutually beneficial long-term partnership.” What that means is, Toyota will acquire 5.05 percent of Mazda, whilst Mazda will get 0.25 percent.
Toyota’s 11th manufacturing plant in the United States, and the second in Alabama, will welcome the next generation of the Toyota Corolla to its assembly line. Mazda, meanwhile, announced that it’s working with the North American office “to introduce a totally new and different type of SUV,” a damn cryptic choice of words if you think about it for a minute.
The State of Alabama is, at the present moment, the 5th largest manufacturer of cars of light trucks in the U.S. of A. More than 150 tier 1 and tier 2 suppliers are supporting the industry, translating to something in the ballpark of 57,000 automotive manufacturing jobs in the Cotton State.
“The partnership between Mazda and Toyota will expand innovative automotive manufacturing in Alabama,” said governor Kay Ivey. “Their decision to locate this new facility in Huntsville is a testament to the talented workforce in our state. We are proud that this partnership puts Alabama on the forefront of technology in this dynamic global industry.”
Other than the new production plant, Mazda and Toyota are joined at the hip. First there’s electrification technology the two will share, then there’s the rotary extender engine, but that’s not all. If the wildest of rumors are to be believed, the next-generation Mazda6 is expected to go rear-wheel-drive thanks to the Toyota-developed FR platform. The same backbone is anticipated to help the RX-9 rotary sports car happen.

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Polestar 1 Production Plant Starts Construction In China

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Polestar 1 Production Plant Starts Construction In China

20 Nov 2017, 13:55 UTC · by Mircea Panait
/ Home / News / Industry

Chengdu isn’t just one of the most populous areas in the People’s Republic of China, but it briefly served as the capital of the country from 1949 until the closure of the Chinese Civil War. Chengdu is the region’s equivalent to Silicon Valley in the United States, which might have had something to do with Polestar deciding to set base in this area of China.
21 photosSpun off from Volvo as a standalone brand and controlled by Geely, Polestar announced that the production facility for the 1 plug-in hybrid supercoupe is coming together in Chengdu. By mid-2018, the factory should be completed and ready to start tooling and pre-production tests.
The nine-month construction plan is challenging in its own right, but then again, the Polestar 1 is a plug-in hybrid unlike any before it. If that wasn’t impressive enough, Polestar highlights the plant “will be the most environmentally-responsible car factory in China.” And that’s saying something considering China’s environmental record isn’t all that green.
“We are building a Production Centre that is a reflection of our brand,” declared head honcho Thomas Ingenlath. “A facility that is modern, progressive, technically advanced and environmentally responsible. The Polestar Production Centre will be an embodiment of the Polestar brand.”
Described by its maker as a grand touring coupe, the 1 features a performance-oriented powertrain with 600 horsepower on tap and up to 150 kilometers of electric range. To whom it may concern, that translates to the longest pure electric distance of any hybridized car in the world.
Production of the 1 will start by mid-2019 and be capped at 500 examples per year, with pricing expected to range from €130,000 to €150,000 ($153,000 to $177,000) for the entry-level trim. There’s also the possibility Polestar will adopt the Care by Volvo subscription service introduced by the XC40. It all boils down to a flat fee that covers things such as the cost of the car, insurance, and maintenance into one monthly paid installment.

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Second charge mortgage market growth continues in August

6 October 2017
Commenting on the August 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:
“The second charge mortgage market reported another strong month in August, with new business continuing to grow from a low base.
“A second charge mortgage provides a useful alternative where homeowners want to raise additional funds but do not want to change their existing first charge mortgage.”
Table 1: New second charge mortgage lending
Aug 2017
% change on prev. year
3 months to Aug 2017
% change on prev. year
12 months to Aug 2017
% change on prev. year
Value of new business (£m)
91
+25
274
+27
974
+10
Number of new agreements (No.)
1,905
+11
5,852
+18
20,910
+4
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £88 billion of this was in the form of consumer credit, representing over a third of total new consumer credit written in the UK in 2016.For media enquiries, please contact the FLA press office on 020 7420 9656.

Consumer finance up 4% in August

6 October 2017
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in August grew by 4% compared with the same month last year.
Credit card and personal loan new business together grew by 4% compared with August 2016, while retail store and online credit new business increased by 7%. Second charge mortgage new business increased 25% by value and 11% by volume over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The modest growth in consumer finance new business overall in August reflects subdued consumer confidence about the general economic outlook.
“New business grew by 6% in the first eight months of this year, which is in line with single-digit growth expectations for UK new consumer credit in 2017 as a whole.”
Table 1: New consumer credit lending
Aug 2017
% change on prev. year
3 months to Aug 2017
% change on prev. year
12 months to Aug 2017
% change on prev. year
Total FLA consumer finance (£m)
7,155
+4
22,470
+8
91,582
+6
Data extracts:
Retail store and online credit (£m)
501
+7
1,589
+7
6,668
+2
Credit cards & personal loans (£m)
4,038
+4
11,997
+10
46,872
+7
Second charge mortgages (£m)
91
+25
274
+27
974
+10
Car finance (£m)
2,101
+6
7,416
+7
32,924
+7
Note to editors:
FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £88 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2016.For media enquiries, please contact the FLA press office on 020 7420 9656.

Continued growth in asset finance

6 October 2017
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 3% in August, compared with the same month last year.
The plant and machinery finance sector reported new business up in August by 4% compared with the same month in 2016, while new finance for business equipment was up by 8% over the same period.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The asset finance industry has reported solid new business growth so far in 2017. Growth in asset finance provided to manufacturers has been particularly robust, with new business for production and processing plant up by more than 40% in the first eight months of 2017.”
Aug 2017
% change on prev. year
3 months to Aug
2017
% change on prev. year
12 months to Aug
2017
% change on prev. year
Total FLA asset finance (£m)
2,204
+3
7,957
+6
31,803
+6
Total excluding high value (£m)
2,163
+4
7,726
+10
30,643
+7
Data Extracts:
By asset:
Plant and machinery finance (£m)
502
+4
1,773
+21
6,546
+14
Commercial vehicle finance (£m)
513
-7
1,771
+1
7,479
+2
IT equipment finance (£m)
171
-3
595
+3
2,224
-2
Business equipment finance (£m)
187
+8
694
+10
2,567
+14
Car finance (£m)
613
+10
2,452
+9
9,842
+7
Aircraft, ships and rolling stock finance (£m)
7
-76
27
-82
611
+12
By channel:
Direct finance (£m)
1,108
+2
4,041
+9
15,571
+6
Broker-introduced finance (£m)
453
+7
1,385
+7
5,744
+16
Sales finance (£m)
602
+7
2,300
+12
9,327
+6
By product:
Finance leasing (£m)
272
0
989
+5
4,018
-2
Operating leasing (£m)
470
+4
1,687
+9
7,107
+8
Lease/Hire purchase (£m)
1,194
+3
4,201
+7
16,618
+9
Other finance (£m)
268
+4
1,080
0
4,059
+3
Note to editors:
In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £30 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2016.For media enquiries, please contact the FLA press office on 020 7420 9656.

Consumer new car finance volumes down 8%

6 October 2017
New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer new car finance market fell by 8% in August, compared with the same month in 2016, while the value of new business was up by 2% over the same period.
The percentage of private new car sales financed by FLA members through the POS held steady at 86.0% in the twelve months to August.
The POS consumer used car finance market reported new business in August up 8% by value and 2% by volume, compared with the same month last year.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The August figures reported by the POS consumer new car finance market are in line with wider trends in private new car sales. These trends are not unexpected given the strength of the market in recent years and subdued consumer confidence about the general economic outlook.
“New business volumes in the POS consumer car finance market overall were stable in the first eight months of 2017 compared with the same period in 2016.”
Table 1: Cars bought on finance by consumers through dealerships
New business
Aug 2017
% change on prev. year
3 months to Aug 2017
% change on prev. year
12 months to Aug 2017
% change on prev. year
New cars
Value of advances (£m)
817
+2
3,561
+2
18,356
+4
Number of cars
45,728
-8
191,258
-7
1,002,368
-3
Used cars
Value of advances (£m)
1,284
+8
3,855
+12
14,568
+10
Number of cars
113,221
+2
339,625
+6
1,301,475
+5
Table 2: Cars bought on finance by businesses
New business
Aug 2017
% change on prev. year
3 months to Aug 2017
% change on prev. year
12 months to Aug 2017
% change on prev. year
New cars
Number of cars
30,146
+3
132,405
+5
513,616
0
Used cars
Number of cars
5,293
+51
17,534
+54
58,848
+35
Note to editors:
In 2016, FLA members provided £118 billion of new finance to UK businesses and households. £88 billion of this was in the form of consumer credit, over a third of total new consumer credit written in the UK in 2016. £41 billion of it supported the purchase of new and used cars, including over 86% of private new car registrations.2. For media enquiries, please contact the FLA press office on 020 7420 9656.