Tag: Ferrari

Interview: former Mercedes boss Dieter Zetsche – Top Gear

Few people have had as much influence on the cars we drive as Dieter Zetsche. He was chief engineer at Mercedes from the early-1990s, responsible for a rapid expansion in the model range. He was made boss of the merged DaimlerChrysler organisation, and boss of the Daimler Group since the two split. A quarter century. We… Continue reading Interview: former Mercedes boss Dieter Zetsche – Top Gear

Thursday Morning Auto News, Jul 25, 2019

‘Not a lot to like’ – Analysts pan Tesla as the shares are slammed on poor results – CNBC: “We continue to believe Tesla is fundamentally overvalued but strategically undervalued,” Morgan Stanley said. “Overall, we doubt this quarter will …
Tesla Tech Chief’s Exit Is Latest High-Profile Departure – Wall Street Journal: In January, Tesla surprised investors when it announced during another earnings … Mr. Straubel outlasted Martin Eberhard, another founder of Tesla.
Tata Motors posts wider quarterly loss on weak JLR sales – Nikkei:
Diesel Chevy Silverado 1500 pickup blows past Ford F-150, Ram in mpg – Freep: “Any consumer looking for a fuel-efficient, powerful option can find one in the diesel option of America’s favorite vehicle, the pickup truck,” Diesel …
Eight Months After Ghosn’s Exit, Nissan Remains Stuck in a Rut – Bloomberg: A weaker Nissan means less clout for the carmaker in its alliance with … Saddled by aging car models such as the Juke and Murano, Nissan sold 6% …

Four automakers, California strike compromise on vehicle emissions – Reuters: Ford Motor Co, BMW AG, Volkswagen AG (VOWG_p.DE) and Honda Motor Co said on Thursday they have reached a …
Stocks making the biggest moves premarket: 3M, Comcast, Raytheon, Southwest, Tesla & more – CNBC: Names on the move ahead of the open.
Jaguar Land Rover posts £395 million loss due to falling sales – Autocar: Jaguar Land Rover recorded a £395 million loss in the last three months, due to declining sales and the impact of a planned Brexit shutdown – but …
VW Q2 operating profit rises 30% as utility vehicle push pays off – Automotive News: VW expects vehicle deliveries in 2019 to exceed last year’s figure and for revenues in the passenger cars and commercial vehicles divisions to grow at least 5 percent.
ABB cautions on China as robotics sales flag – Reuters: ABB Ltd (ABBN. … Demand for cars in Europe is 3.1% down in the year to date while Mercedes maker Daimler this week also …
DiDi, Toyota to set up JV for smart fleet management – Xinhuanet: The two parties announced collaboration on the e-Palette, a self-driving modular store in January 2018, and have piloted vehicle-related services for …
Tata Motors first-quarter loss nearly doubles – Reuters: Tata Motors Ltd reported a bigger quarterly loss on Thursday, as a slump in demand for cars continued at home, while plant shutdowns and delays resulting from issues arising due to Britain’s planned exit from the European Union also hurt earnings.
Earnings tumble at automakers, but VW defies the gloom – Reuters: More evidence has emerged of tough times for the auto sector following weak numbers at Ford, Nissan and Tesla. But Volkswagen is defying the …
Alphabet’s Sales Under Microscope After Last Quarter’s Debacle – Bloomberg: … year and updates on progress in hardware and Other Bets, which includes its self-driving car unit Waymo, according to UBS analyst Eric Sheridan.
The Little Hybrid That Could, and Still Can – New York Times: When Honda introduced the first hybrid vehicle in America, the 2000 Insight, there was technological wonder, but few would call …
Aston Martin Bear Says It Needs to Raise a Billion Pounds to Catch Up With Ferrari – Bloomberg: The only analyst with a sell rating on Aston Martin Lagonda shares says the luxury carmaker will need to raise at least a billion pounds ($1.25 billion) in *fresh* …
Aston Martin fails to sell Vanquish’s tooling, design drawings – Automotive News: Aston Martin has written off 19 million pounds ($24 million) after the sale of the tooling and design drawings of the automaker’s Vanquish …
China exports gasoline to Mexico, Nigeria amid overflowing output – Reuters: … confidence as the trade war continues, reflected also in slumping car sales, said … Gasoline demand growth is also sliding as Chinese automobile sales, … (GRAPHIC: China’s auto sales in 12 months decline – tmsnrt.rs/2MlLS4b).
India’s auto parts makers warn of 1 million job cuts if slowdown continues – Reuters: India’s auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the slowdown in vehicle sales …
Nissan will cut 12500 jobs as Q1 profit nearly wiped out – Automotive News: Nissan said it is axing 12,500 jobs after reporting its quarterly profit was nearly wiped out, hurt by an aging product lineup and a slide in …
Volkswagen to boost SUV sales to 40% of total by 2020 – Reuters: Volkswagen expects the proportion of sports utility vehicle sales to rise to 40% by 2020, from 25% last year, Chief Financial Officer Frank Witter said on …
Nissan to cut 12,500 jobs, more than double initial plan – Nikkei:
Nissan Earnings Sees 99% Profit Plunge – Bloomberg: Nissan reports a 99% plunge in first-fiscal quarter operating profit. Bloomberg’s Dani Burger reports on “Bloomberg Markets: European Open.” (Source: …
Nissan to Cut 12500 Jobs as It Struggles After Ghosn’s Arrest – Wall Street Journal: Nissan Chief Executive Hiroto Saikawa is cutting costs as he seeks to … On Thursday, Nissan said it planned to cut global production capacity by 10% …
Nissan to cut 12,500 jobs as first-quarter profit nearly wiped out – Reuters: Nissan Motor Co said on Thursday it would slash 12,500 jobs globally by 2022 and cut output to rein in costs as it suffers from sluggish sales and rising costs and tries to recover from a scandal surrounding ousted Chairman Carlos Ghosn.
Volkswagen Has ‘Strong Foundation,’ CFO Says – Bloomberg: Volkswagen AG Chief Financial Officer Frank Witter talks about the automaker’s financial results and business outlook. Volkswagen’s second-quarter operating …
Toyota Invests $600 Million in Chinese Ride-Hailing Giant Didi – Bloomberg: Their partnership builds on an alliance Didi started last year with a coterie of carmakers including China FAW Group, Dongfeng Motor Group and …
Nissan’s Ignoring the Rot at Home – Washington Post: If you’re looking for a metaphor for how politics has swamped decision-making at Nissan Motor Co., look no further than reported plans to restructure …
Volkswagen first-half operating profit up 10% on higher Volkswagen, Porsche sales – Reuters: Volkswagen Group (VOWG_p.DE) on Thursday said its first half operating profit rose 10.3% to 9 billion euros ($10.02 billion), …
Toyota says to invest $600 million in China’s Didi, new joint venture – Reuters: Toyota Motor Corp said on Thursday it will invest $600 million ( £481 million ) in Didi Chuxing and a new joint venture, as part of an agreement to expand …
As Tesla losses continue, Musk points to global growth – Automotive News: Tesla CEO Elon Musk, after reporting a surprisingly large loss in the second quarter, pointed toward an eventual, if delayed, return to profitability and …
Tesla Breaks Records But Doesn’t Break Even – Bloomberg: Just before the Q&A portion of Wednesday evening’s second-quarter call, CEO Elon Musk announced that JB Straubel, the company’s veteran chief …
SpaceX stops test of Starship prototype rocket during surprise livestream – CNBC: SpaceX was attempting to fly its “Starship” prototype rocket in its first short flight of more than a few feet off the ground on Wednesday.
Space jam? Companies risk clutter, conflict in race for the skies – Reuters: Aerospace companies such as Musk’s SpaceX and Bezos’ Blue Origin are aiming to become the first private firm to launch a human into space.

Related

Farewell to the V12: celebrating the endangered engine

You start to really hear the engine and, here’s the thing, feel it, too. It’s not a howl like that made by the best six-cylinder motors, nor the rumble and thunder of a crossplane-crank V8. In fact, it’s almost impossible to define without resorting to the kind of terms that have become clichés because they… Continue reading Farewell to the V12: celebrating the endangered engine

America’s Sports Car, the Corvette, almost didn’t survive the Great Recession

Vice President Joe Biden’s 1967 Corvette SingrayCNBCChevrolet's official reveal of its eighth-generation Corvette in a splashy preview Thursday night near Los Angeles marks the culmination of a secret project that traces its roots back more than half a century.
But that's no surprise. Over the years, much of the work on the “'Vette” has been conducted out of sight — in some cases hidden even from the top brass at parent company General Motors which, at various points, have considered killing off what has come to be known as “America's sports car.”
From the very start, GM didn't quite know what to do with the Corvette. The original model was only intended to be a flashy concept vehicle, developed for the mobile Motorama car shows the automaker staged across the country, but the design proved so popular that GM rushed out plans to put it into production.
The first car, introduced in 1953 was a striking counterpart to the big sedans and station wagons that, at the time, dominated American highways. But the original Chevrolet Corvette featured a seriously underpowered six-cylinder engine, recalled Ken Gross, an author and automotive historian, and didn't really click with buyers, only 700 being built for 1955.
Things changed with the addition of a new, 283 cubic inch V-8 that, Chevy advertised, offered “one hp per cubic inch.” Sales took off and the Corvette quickly found a place in popular culture, among other things serving as a star in its own rite in the popular TV series, “Route 66.”
But it was the second-generation Corvette that really took off. Today, the 1963 version, with its distinctive “split” rear window, has become one of the most popular American-made cars of the era with collectors, according to experts. Originally listed at $4,257, buyers can expect to pay as much as $100,000 or more for one in good condition today, according to the National Automobile Dealers Association.
The 1963 Chevrolet Corvette is distinguished as the first year of second-generation (or “mid-year”) Corvette; only year with “split window” rear glass. It was also the first Corvette with hidden headlamps and independent rear suspension. Modern Day Successor:General MotorsThrough the mid-1980s, Chevy launched only two more complete Corvette makeovers, though it rolled out a procession of variants, each more powerful than the one before. But they also became heavier and more bloated and, by the early 1980s began to face stiff competition from import brands, like Porsche and Ferrari, which were rapidly gaining a foothold in the U.S. market.
It wasn't until 2004 — a year after the car's 50th anniversary that Chevy began to fight back with the sixth-generation Corvette. It was smaller, nimbler and, according to reviews of the day, better suited to a global audience. But it was the next model, which one executive dubbed “a world-beater,” that was intended to pose a real counter-punch to the imports. Unfortunately for GM, the Great Recession got in the way and, as it teetered ever closer to bankruptcy, it ordered the C7 development program shut down.
2020 Chevrolet Corvette StingraySource: General Motors “That version almost didn't happen,” recalled Tom Peters, the chief designer on the seventh-generation sports car. But Peters and much of the rest of the Corvette team refused to give up. Quietly, they kept working on the program in their off hours until GM emerged from Chapter 11 bankruptcy protection and could free up funding again.
Ironically, said Tadge Juechter, the chief engineer on both the sports car that came out in 2014 and the new C8, unveiled Thursday night in California, “It was a better car for the delay,” the team having more time – and, eventually, money – to do it right.
As for the 2020 Corvette, Chevy has been toying with the idea of shifting from a front to mid-engine layout since the 1960s and has done a number of prototypes over the years. Requiring major changes, not only to the design of the car, but to the Bowling Green plant, as well, GM has long been reluctant to approve the concept. But there was really no longer an alternative going forward, according to Mark Reuss, the automaker's president and a serious performance fan.
2020 Chevrolet Corvette StingraySource: General Motors “The traditional front-engine vehicle reached its limits of performance, necessitating the new layout,” Reuss said in a statement ahead of the new C8 launch.
While he says he will have to see, and then drive, the new model, “This is probably the best chance they've ever had to become a truly global competitor,” said author Gross.
Significantly, even after selling off its German-based Opel subsidiary two years ago, GM retained a small dealer network in Europe for the Corvette. It now hopes that with the 2020 model it will be able to take the battle for sports car dominance onto the home turf of some of its toughest competitors.

GM’s mid-engine Corvette gears up to take on Europeans

TUSTIN, Calif. (Reuters) – General Motors Co was set on Thursday to unveil its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as the No. 1 U.S. automaker faces mounting pressures in a sluggish and uncertain global sales environment. The GM logo is seen at the General Motors… Continue reading GM’s mid-engine Corvette gears up to take on Europeans

Brazil pair arrested over fake supercar factory

Olice in the southern Brazilian state of Santa Catarina have raided a clandestine factory manufacturing bootleg luxury vehicles.Officials from the Santa Catarina Civil Police’s Investigative Unit seized eight semi-assembled replicas of Ferraris and Lamborghinis in Monday’s raid.The investigation began when Ferrari and Lamborghini representatives contacted the Santa Catarina Civil Police.

New Chevrolet Corvette: Stingray name confirmed for reinvented icon

[embedded content] While it’s not clear yet if those technical problems have been overcome, a Corvette dealer in New Jersey was taking $1000 deposits for the new model, even before the reveal date confirmation.   In a further break with tradition, the C8 Corvette will be sold alongside a version of the current car. Sources inside General Motors,… Continue reading New Chevrolet Corvette: Stingray name confirmed for reinvented icon

De Tomaso | The return of a legend for the 60th anniversary

Europe, 15th May, 2019  Dear Friends in the Press, We are pleased to announce that one of the greatest untold stories in automotive history, the legendary marque that is De Tomaso, is officially coming back for its 60th anniversary.  A Man on a Mission “He came to Italy and wanted to make his debut but… Continue reading De Tomaso | The return of a legend for the 60th anniversary