Top Automotive Industry News for Week of October 29 – November 4, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-Automotive Manufacturing News-

Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best

(Car and Driver)

Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed

(Forbes)

Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says

(CNBC)

GM memo: We must cut costs, can't wait to see what happens in industry

(Detroit Free Press)

GM Throws Weight Behind Nationwide Electric-Car Quota

(Cars.com)

GM to offer buyout to some workers in cost-cutting move: DJ

(CNBC)

Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump

(autoblog)

Tesla electric vehicles will park themselves in 2019, Elon Musk says

(USA Today)

Tesla’s third-largest shareholder says it’s willing to pump more money
into the company

(CNBC)

The brutal and extreme tests Ram, Ford, Chevy run on trucks

(Detroit Free Press)

US regulators subpoenaed Tesla Model 3 production forecasts, data

(USA Today)

Volvo and Baidu join forces to mass produce self-driving electric cars
in China

(CNBC)

-Automotive Evolution News-

Cadillac cancels its car subscription program after just two years

(autoblog)

Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo

(MarketWatch)

GM is making e-bikes as it expands beyond cars

(autoblog)

Hyundai, Kia Motors to develop new solar charging tech for vehicles

(Reuters)

Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems

(LA Times)

Uber says it's ready to start testing self-driving cars again

(Mashable)

VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year

(Forbes)

Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises

(Forbes)

-Automotive Retail News-

5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list

(USA Today)

FCA, Honda and VW Lead October Auto Sales

(The Detroit Bureau)

GM Financial: More Loans, Fewer Leases in Q3

(Auto Dealer Monthly)

Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market

(CNBC)

New Vehicle Prices Continue to Rise in Fourth Quarter

(The Detroit Bureau)

Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars

(USA Today)

Rising interest rates pinch U.S. auto sales, consumer confidence

(Reuters)

Vehicle sales reached 11-month high in October

(MarketWatch)

-Automotive Wholesale News-

Car Depreciation Reaches 10-Month High

(Vehicle Remarketing)

Lane watch: Wintry chill hits wholesale prices

(Auto Remarketing)

-Automotive Ownership News-

A Comfortable Place to Spend 38,000 Hours Behind the Wheel

(The New York Times)

-Automotive Enthusiast News-

140-car collection headed to Mecum’s Las Vegas auction

(ClassicCars)

Here are the most Googled car brands of 2018

(autoblog)

-Automotive Servicing News-

AAA offers free Lyft rides to and from repair shops

(autoblog)

New car safety technology saves lives — but can double the cost of
repairs

(NBC)

Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines

(Detroit Free Press)

Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling

(USA Today)

-General Business & Executive News-

Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel

(Reuters)

New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands

(PR Newswire)

U.S. Auto Industry's October Surprise

(Forbes)

With $50M investment, AutoNation obtains 7% stake in Vroom

(Auto Remarketing)

-AEA Reminder-

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Communauto receives City of Toronto’s first permit for free-floating car-share pilot

Communauto FLEX Toronto will begin operations in November 2018
Canada’s longest-running car-sharing company Communauto will begin operating Toronto’s first free-floating car-share project under the City of Toronto’s new pilot program. The service, Communauto FLEX, plans to have more than 500 cars on the ground covering 100 square kilometres in Toronto.

During the first phase of the pilot in November 2018, Communauto FLEX will operate in the downtown core. Even more, 200 cars servicing 50 square kilometres will be available. Communauto president M. Benoit Robert received the City’s first permit from the Mayor of Toronto and Barbara Gray, the City of Toronto’s General Manager of Transportation. The event toke place during a press conference on October 9.

“Car-sharing technologies have the power to change how people go about their day-to-day lives and get around this city. I’ve encouraged the introduction of these new technologies and believe that there can be many benefits, including potentially reducing traffic and congestion by removing cars from the road,” said Mayor John Tory. “I’m proud we’ve worked to strike a balance between the benefits of car-sharing and the potential impacts it could have on neighbourhoods. I’m thrilled that the team at Communauto is among the first to join the pilot and operate here within these new regulations.”

Approved in April 2018
The Free-Floating Car-Share pilot project was approved by the City of Toronto in April 2018. Free-floating car-sharing allows members to take one-way trips beginning in one location and ending in another. This service enables drivers to pick up cars from and drop off cars to legal residential parking spaces throughout the city, rather than being confined to a fixed location.

Communauto FLEX has no monthly fees and is free to join, using a pay-as-you-go structure. Daily trips begin at $0.41/minute, $15/hour, $50/day and $35 is charged for any days following. The first 150km is included in the price of each trip.

During launch, users will receive the first 30 minutes of each trip free for one month after joining.

Torontonians can pick up Communauto FLEX cars from and drop them off at legal on-street parking spaces within the service area, and drive anywhere they want to go in between.

CEO Benoit Robert wishes to add to the existing transit options
“As a Canadian company, we’re proud to be the first to bring a free-floating car service to Toronto under this pilot. Our FLEX service will make car-sharing easy and affordable for city residents, and our goal is to work together with Toronto’s existing transit options to provide better solutions to mobility issues,” said Benoit Robert, Communauto president. “Car-sharing offers a number of social and environmental benefits to individuals and businesses. We are looking forward to working with the city, our users and other community partners to create thriving mobility solution.”

Free-float zone
Communauto FLEX will launch in Toronto with 200 Hyundai Accent hatchbacks. The free-floating car-share will service an area that will cover close to 50 square kilometres in the downtown core. It’s parking zone will span to High Park and Runnymede in the west, Dupont and Danforth in the north, and Victoria Park in the east. Excluded from the service area at launch: metered parking spaces and Green P lots.

If the pilot project is approved after the first 18 months of operations, Communauto FLEX will expand to have more than 500 cars on the road and will grow its service area to cover 100 square kilometres, serving residents up to Eglinton Ave.

How it works
Communauto FLEX offers Torontonians 24/7 access to one-way carsharing. Therefor, it is a simple way to improve their mobility inside and outside the city.

Registered users can locate and reserve cars using the Communauto FLEX mobile App. Doors can also be unlocked and locked using a smartphone or a membership card.

The first 30 minutes of booking are free.

This timelaps gives users enough time to reach the vehicle. Even more, drivers can stop and start their journey at any time.

To pre-register for Communauto FLEX, please visit: https://toronto.communauto.com/

More information on Toronto’s Free-Floating Car-Share pilot project is available at http://bit.ly/FFCarSharePilot2018

About Communauto
Founded in Quebec City in 1994, Communauto is the oldest car-sharing service in North America and the one serving the largest number of communities in Canada. With a fleet of more than 2,000 vehicles, the company serves 13 cities each one with a local approach. Among these Edmonton, Waterloo Region, Hamilton, London, Guelph, Kingston, Ottawa, Gatineau, Montréal/Laval/ Longueuil, Quebec City/Lévis, Sherbrooke, Halifax and Paris in France. Communauto group operates gas, hybrids and electric cars and offers both round-trip and free-floating carsharing.

Toronto’s new car-share service Communauto FLEX launches November 24

First company to receive a permit under the City of Toronto’s new free-floating car-share pilot program TORONTO, November 21, 2018 – Communauto FLEX is bringing free-floating car-sharing back to Toronto under the City’s new pilot program. Beginning this Saturday, November 24, Communauto FLEX will operate in the downtown core with 200 cars servicing 50 square… Continue reading Toronto’s new car-share service Communauto FLEX launches November 24

Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls

SEOUL/WASHINGTON (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed. FILE PHOTO: The logo of Hyundai Motor is seen on wall at a event in Mexico City, Mexico August 2, 2017. REUTERS/Henry… Continue reading Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls

Richmond Motor Group completes Drayton dealership acquisition

Richmond Motor Group has completed the acquisition of a former Fiat and Abarth showroom in Drayton. The Southampton-based car retail group recently added the MG Motor UK brand to its portfolio in Portsmouth and Southampton and looks set to expand its representation with Citroen and Hyundai following the purchase of the new facility on Havant… Continue reading Richmond Motor Group completes Drayton dealership acquisition

Nuance spins off automotive segment into new publicly traded company

November has been a month of consolidation for voice recognition software maker Nuance. After selling its document imaging business for $400 million last week, Nuance just announced that it plans to spin off its automotive division into a separate, publicly traded company called Nuance Auto. Nuance said the move will help the company become more… Continue reading Nuance spins off automotive segment into new publicly traded company

Kia dealer network sees 5% rise in profitability

These are good times at Kia. Against a downward curve of new car registrations so far this year, year-on-year lower by 7.5% across the industry over the first nine months, Kia is one of very few to have managed an increase. It has bucked the trend with sales up by 2.8%. While WLTP and other… Continue reading Kia dealer network sees 5% rise in profitability

Mercedes-Benz delivers first F-Cell plug-in hybrid fuel-cell SUV in Germany

Mercedes-Benz GLC F-Cell, 2017 Frankfurt Motor Show
Mercedes delivered its first plug-in hybrid F-Cell fuel cell SUV in Berlin earlier this week.

Like earlier projects from Toyota, Honda, and GM in the U.S., Mercedes is only leasing or renting the vehicles (it says “renting short-term or long-term”) to select customers in German cities where hydrogen refueling infrastructure is available. Those include Berlin, Stuttgart, Düsseldorf, Hamburg, Frankfurt, Munich, and Cologne.

Germany currently has 50 hydrogen fueling sites in those seven cities, and Mercedes-Benz has partnered with chemical and petroleum companies to expand the network to 100 stations by the end of 2019—and eventually to 400 stations, the company said in a release.

CHECK OUT: 2020 Mercedes-Benz EQC specs revealed (Updated)

The F-Cell reportedly has some common components with the upcoming Mercedes-Benz EQC electric SUV, which is expected to have a 200-mile range from its batteries in European driving. Mercedes officials in the U.S. have said it will have a longer range when the car goes on sale here in 2020.

Mercedes-Benz GLC F-Cell

The F-Cell's tanks hold 4.4 kilograms of hydrogen, which give it a range of 267 miles on hydrogen. And as the first fuel-cell vehicle that also has a plug-in battery, the F-Cell gets another 32 miles of range from its plug-in battery (based on a European driving cycle.)

Originally shown in at the Frankfurt Motor Show in 2017, the F-Cell has four driving modes: Battery, which runs strictly on the battery for up to 32 miles; F-Cell, maintains the charge level in the battery, using net energy only from the fuel-cell; Hybrid, which depletes both the battery and the hydrogen in the tanks in what Mercedes says is the most efficient way; and Charge, which uses the fuel cell to charge the battery.

READ THIS: Mercedes invests in pilot program to keep fuel cells alive

The motor puts out 208 horsepower, which Mercedes describes as an output that helps to “ensure high driving dynamics,” though on paper that horsepower rating falls well behind the Tesla Model X or many competing gas-powered SUVs.

Mercedes points out in its press release that it has been working on fuel-cell vehicles since it produced the NECAR 1 test van in 1994, a full-size commercial van in which the fuel cell occupied the entire cargo area. Indeed, the company was once a leader in fuel-cell vehicles, along with General Motors. Now the landscape has changed, with Honda and Toyota (and, soon again, Hyundai) as the only automakers who make fuel-cell vehicles available to consumers.

Gestamp and BHAP launches a joint venture in China with an investment of more than 50 million

Published 11/15/2018 11:12:00 CET TIANJIN (CHINA), 15 Nov. (EUROPA PRESS) – The Spanish manufacturer of components for automobiles Gestamp has launched, together with the Chinese Beijing Hainachuan Automotive (BHAP), a new joint venture in China that is dedicated to the design, development and production of high-engineering metal components, for that an investment of more than… Continue reading Gestamp and BHAP launches a joint venture in China with an investment of more than 50 million