You better get them while they last, folks, as the next Dodge Challenger looks like it’s going to be a very different beast to the car on sale today. That’s the word of Fiat Chrysler Automobiles CEO Mike Manley, who took over following the sudden death of his predecessor, Sergio Marchionne, last July. “I think… Continue reading FCA boss: Next Challenger to use electric boost, skip 700-hp supercharged V-8 – Motor Authority
Tag: GM
Commentary: Toyota Corolla Hybrid ad brags about not plugging in
2017 Toyota Prius Prime, Catskill Mountains, NY, Nov 2016
In Toyota's latest ad for its new Corolla Hybrid in Britain, it's 2002 all over again.
The ad shows the new Corolla Hybrid (in non-U.S. hatchback form) bypassing all kinds of road transportation alternatives from different eras—from a stagecoach and an early brass-era car to 1950s hot rods and, finally—an electric car plugged in and charging by the side of the road.
It's clearly a dig at plug-in cars, reliant on battery power and electric motors to get around. Plug-ins are even more popular in Britain, with its high gas prices, than they are in the U.S.
Yet Toyota is the company that paved the way for modern electric cars, the first to take electric propulsion seriously when it introduced the Prius in 2000 (and in 1998 in its home market.)
When it debuted, the original Prius, and especially the second-generation that followed in 2002, was the first vehicle that revealed a hidden market of millions of buyers who hungered to do better by the Earth. Along the way, as more and more people became familiar with it, the Prius demonstrated to drivers that electric power is smoother and quieter than gas.
Many Prius drivers wanted nothing more than to be able to plug in to maximize the number of miles they could drive on “nicer” electricity.
READ THIS: Toyota Corolla Hybrid rated 52 mpg: Why Toyota says it won't cannibalize Prius sales
Of course, electricity is also far more efficient and cleaner than gasoline—as the Prius amply demonstrated by trouncing the fuel-efficiency estimates of similar compact economy cars such as the Corolla. That's what Prius buyers love.
Even ordinary electric cars, however, such as the Nissan Leaf, from one of Toyota's longest-standing competitors, get almost double the fuel-economy rating of even the best versions of the Prius.
Yet, even as it demonstrated the market for driving on electricity, Toyota became famously skeptical of cars that used more electricity—and even less gas—by plugging in.
CHECK OUT: Follow-up: In the end, I bought a Toyota Prius Prime plug-in hybrid
When Toyota introduced the second-generation Prius for 2003 and captured the environmental movement's attention, it seemed to think buyers would be skeptical of plugging in. Prius ads at the time touted that “you never have to plug it in,” as if that were a feature, and buyers might be terrified of a car that needed electricity to run. That may have been fair in an era when few people had experienced electric cars, and almost none knew how they might charge one.
The company famous for responding to its buyers' demands later dragged its feet in introducing a plug-in version of the Prius, which it first discussed in 2007 and showed in 2008. Toyota didn't introduce the first Prius plug-in until 2012—two years after an independent company began selling thousands of unauthorized conversion kits—and even then, it had only 11 miles of electric range. A 2014 ad for the car showed the Prius Plug-In Hybrid…not plugging in.
It took until 2016 for Toyota to introduce the Prius Prime, with a realistic 25 miles of electric range—after five years of losing sales to the Chevrolet Volt plug in hybrid and a new crop of all-electric cars, including the Leaf.
DON'T MISS: Toyota Prius Plug-In Hybrid Ad Shows Driver…Not Plugging In
Toyota executives made all kinds of excuses along the way about the cost, emissions, and “inconvenience” of electricity, and how Americans' driving cycles didn't favor electric driving. Meanwhile, in Japan, Toyota engineers, with subsidies from the government, focused on developing fuel-cell vehicles, and the company has now sold a few thousand fuel-cell Mirais in California.
If the Prius proved anything, it was that using an electric motor and battery to offset the worst inefficiencies of an internal combustion car was not only extremely effective, it should be the minimum best practice for any new car model.
Now that electric car sales are booming and the Prius Prime makes up more than 30 percent of Prius sales, it's disappointing to see Toyota falling back on that old trope that charging is inconvenient and ineffective in its latest ad for the Corolla Hybrid. And that market of millions of buyers who want to do right by the environment have already begun looking elsewhere.
Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
SAN FRANCISCO (Reuters) – Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. FILE PHOTO: Uber’s logo is displayed on… Continue reading Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO
Amazon leads $700M round in electric automaker Rivian
Rivian, the electric automaker that debut its first two vehicles just three months ago, has raised $700 million in a round led by Amazon. The news follows a report earlier this week by Reuters that GM and Amazon were in talks to invest in the electric vehicle company. “We’re inspired by Rivian’s vision for the… Continue reading Amazon leads $700M round in electric automaker Rivian
Electric truck start-up Rivian announces $700 million investment round led by Amazon
Source: Rivian
Rivian R1T electric pickup truck
Electric truck start-up and potential Tesla rival Rivian announced a $700 million investment round led by Amazon on Friday.
The announcement comes just months after the Michigan-based company unveiled both an electric pickup truck and sport utility vehicle at the LA Auto Show in November.
“This investment is an important milestone for Rivian and the shift to sustainable mobility,” said RJ Scaringe, Rivian Founder and CEO. “Beyond simply eliminating compromises that exist around performance, capability and efficiency, we are working to drive innovation across the entire customer experience. Delivering on this vision requires the right partners, and we are excited to have Amazon with us on our journey to create products, technology and experiences that reset expectations of what is possible.”
The news confirms a Reuters report on Tuesday that Amazon had invested in the firm. Reuters had also reported that automaker General Motors had made an investment in Rivian, but neither GM nor Rivian has confirmed this yet.
The round included investments from Rivian's existing shareholders. It will remain an independent company. Rivian currently has more than 750 employees located in several locations, including Plymouth, Michigan; San Jose and Irvine, California; Normal, Illinois; and Surrey, England.
It plans to launch its R1T pickup truck and R1S sport utility in the U.S. in 2020, and begin introducing them overseas in 2021. The company has modeled both vehicles on what it calls a “skateboard” platform, which it says it flexible enough to accommodate several different vehicle body styles.
Some industry analysts have speculated that Amazon could be interested in Rivian's platform for developing vehicles for its massive global logistics needs.
“We're inspired by Rivian's vision for the future of electric transportation,” said Jeff Wilke, Amazon CEO Worldwide Consumer. “RJ has built an impressive organization, with a product portfolio and technology to match. We're thrilled to invest in such an innovative company.”
This is Amazon's second investment in transportation this month. The online giant recently put money into Aurora, an autonomous vehicle technology company run by Waymo and Tesla alumni.
Trucks and SUVs are also increasingly more popular with U.S. consumers than cars, and customers seem willing to pay more for them, meaning more profits for automakers. The business case for an electric pickup or SUV could be stronger than one for a sedan, given how much money companies have had to sink into electric batteries and motors and how difficult it has been for companies to make money on electric cars.
Morgan Stanley analyst Adam Jonas said in a note this week that a successful electric pickup from an upstart such as Rivian or Tesla could pose a serious threat to Detroit automakers, who depend heavily on sales of truck-based vehicles.
This is breaking news. Please check back for updates.
Everything you need to know about GM’s new electric bikes
General Motors announced last year it was getting into the electric bike business. But besides a crowdsourcing name competition and a few teasers, details were scant. Now, GM has given this new brand a name — ARĪV — as well as names for its two electric bikes, and some information about its go-to-market plan. The name… Continue reading Everything you need to know about GM’s new electric bikes
GM details benefits it will offer Canadian union workers at Oshawa
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GM’s new EV only costs $3400 but there’s a small catch
The catch is it’s an electric bicycle. GM has now joined a number of other automotive companies that have jumped into the rapidly growing electric bicycle industry. GM introduces ARĪV electric bicycle GM announced a $10,000 contest last November to crowdsource a name for its upcoming electric bicycle. Today the automaker announced the winning name: ARĪV… Continue reading GM’s new EV only costs $3400 but there’s a small catch
GM’s Cruise division likely won’t IPO anytime soon – Business Insider
It wasn’t really news, but it was some hard numbers. This week, General Motors filed its annual 10-K report with the Securities and Exchange Commission and detailed a new compensation package for Dan Ammann, the automaker’s former president who last year took over as CEO of Cruise, GM’s self-driving car division. “On February 4, 2019,… Continue reading GM’s Cruise division likely won’t IPO anytime soon – Business Insider
General Motors starts taking orders for its electric bicycle
Source: General Motors
The ARĪV Meld is a compact eBike
General Motors just unveiled its electric bicycle in a bid to arm itself against an uncertain future for cars.
The largest U.S. automaker on Thursday released the name of its bike, Ariv, and said it will start taking orders in select countries in Europe.
The name is the result of a crowdsourced campaign announced in November. There are two versions: the Meld, a compact e-bike, and the Merge, a folding e-bike.
GM is launching the bikes in Germany, Belgium and the Netherlands, where lithium-ion battery-powered e-bikes are popular. In Belgium and the Netherlands, the Ariv Meld starts under $3,200 and the Ariv Merge is around $3,800. Prices will be slightly lower in Germany. GM expects to begin shipping to customers in the second quarter.
It is another move by a major automaker to broaden its portfolio to protect against the uncertainties of a changing market. GM and rivals have expanded into scooters, ride-sharing and self-driving cars in an effort to stay relevant in an era where consumers' transportation choices are changing. Even motorcycle maker Harley-Davidson has unveiled lightweight electric two-wheeler concepts as fears of declining ridership grow.
“I think both GM and Ford are both exploring nontraditional transportation opportunities because their overall vehicle sales have been declining,” CFRA analyst Garrett Nelson said. “We view GM's e-bike and Ford's recent e-scooter investment [in Spin] as an attempt to appeal to a younger and more urban demographic, whose transportation needs are proving to be considerably different than prior generations.”
With ride-hailing companies and similar businesses spreading, some industry watchers wonder whether broad swaths of future generations will even consider car ownership at all.
“Carmakers are highly concerned about the implications of this ongoing shift in consumer preferences on their long-term car sales, particularly with the rise of Uber, Lyft, and various ride-sharing options which weren't available several years ago,” Nelson said. “Their fear is that this demographic may not need — or want to — purchase a vehicle at all.”