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Found 8 results

  1. Volkswagen CEO Matthias Mueller told a group of 20,000 employees today in Germany that the company will be cancelling and delaying a number of projects in light of the diesel emission scandal. "Therefore we are putting all planned investments under review. What is not urgently needed will be scrapped or delayed. And therefore we will adjust our efficiency program. I will be very open: this won't be painless," said Muller. Fixing around 11 million vehicles around the world that are affected by the rigged software is a costly prospect for Volkswagen. Muller says the $7.29 billion set aside for repairs will not be enough to pay for fines and lawsuits. Volkswagen has been criticized for being an “incredibly inefficient” company. Last year, the automaker had set aside $17.4 billion research and development. That is higher than what Ford and General Motors spent on r&d combined last year. “Where’s the innovation? Obviously not in diesel engines. There’s a culture of spending and a lack of focus on efficiency in favor of striving to be bigger,” said Arndt Ellinghorst, an analyst with Evercore ISI. Source: Bloomberg
  2. Changes are afoot at Honda as they get ready for a massive product overhaul coming in the next few years. Autoblog reports that at the end of 2015 model year, the Civic Hybrid and Natural Gas models will be no more due to customer preferences changing. "These moves will allow greater focus on Civic's sporty new driving character," said John Mendel, Honda executive vice president and head of US automotive operations. The new Civic will go on sale sometime later this year in sedan, coupe, and hatchback forms. The Type-R which was announced to come to the U.S. sometime later has been given an arrival date of 2017. Source: Autoblog
  3. How many models does the entire Volkswagen group sell around the world? 75? 125? How about 340 models. No that isn't a misprint. According to German business paper Handelsblatt, that is the amount all of the brands of the German automaker build. CEO Matthias Müller believes that is too many. "The total number of our today around 340 model variants, we are in the course of reducing," Volkswagen CEO Matthias Müller at a press conference last week. But how many models are going on the chopping block? Sources tell Handelsblatt that 40 plus models will be cut. "A decision on how many models will be phased out or ceased has not been taken yet," said a Volkswagen spokesman to Reuters when asked for comment. Source: Handelsblatt (Subscription Required) Reuters
  4. William Maley Staff Writer - CheersandGears.com August 6, 2013 Despite piling on incentives to move Chevrolet Volts off dealer lots a couple months ago, sales rose to a meager 0.1 percent to 11,643 vehicles through July. Add in the fact that the Nissan Leaf dropped it price earlier and is currently experiencing a rise in sales and the inevitable was bound to happen. Today, General Motors announced a $5,000 price cut to the 2014 Volt. That means the starting price is now $34,995 (including $810 in destination). Factor in the $7,500 federal tax credit and you're looking at a price of $27,495. “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership. The 2014 Volt will offer the same impressive list of features, but for $5,000 less," said Don Johnson, Chevy’s US VP of sales. Source: General Motors William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 2014 Chevrolet Volt Now Offers Even Greater Value Pricing for the 2014 model will start at $34,995 2013-08-06 DETROIT – The Chevrolet Volt, already recognized for having the most satisfied owners will soon come with another people pleaser: a lower price. The 2014 model will start at $34,995, including an $810 destination fee (excluding tax, title, license and dealer fees). If consumers include federal tax credits ranging from $0-$7,500 (depending on individual tax liability), pricing could start at $27,495. Individual tax situations differ, so consult a tax professional prior to claiming any credits to confirm eligibility for vehicle tax benefits. “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” said Don Johnson, U.S. vice president, Chevrolet sales and service. “The 2014 Volt will offer the same impressive list of features, but for $5,000 less. “We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” Johnson said. “In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.” Volt owners who charge regularly typically drive 900 miles between fill-ups and visit the gas station about once a month. The 2014 Volt will continue to provide owners with impressive fuel economy of 98 MPGe (electric) and 35 city/40 highway on gasoline power without any need to change their daily driving habits while saving $900 in annual fuel costs. Today’s Volt owners have logged 364 million miles, including 225 million electric miles. The Volt’s lower price also changes the comparative set of vehicles on popular auto information sites like kbb.com, Edmunds.com and cars.com, where visitors to these sites can search for a new vehicle by type and/or prices. The Volt’s lower price will broaden its exposure to price-sensitive prospective buyers using these sites to search for a plug-in electric vehicle or a gas-powered alternative sedan. The Volt continues to be the best selling plug-in vehicle in America and is attracting new buyers to the Chevrolet brand. More than 70 percent of Volt buyers are new to General Motors. Not surprisingly, the Toyota Prius is the most frequently traded-in vehicle for a Volt. California continues to be Volt’s largest market. The 2014 Volt will continue to offer a low emissions package that earns the Volt a coveted “sticker” for single-occupancy HOV lane access in California and New York. The Chevrolet Volt allows gas-free driving for an EPA-estimated 38 miles (61 km), depending on terrain, driving techniques and temperature. The range-extending engine gives the Volt up to 380 total miles (615 km) of total driving range. The 2014 Volt will start to be available in dealer showrooms late this summer. Chevrolet will introduce two new colors – Ashen Gray Metallic and Brownstowne Metallic for the 2014 model year – and a leather-wrapped steering wheel.
  5. How many models does the entire Volkswagen group sell around the world? 75? 125? How about 340 models. No that isn't a misprint. According to German business paper Handelsblatt, that is the amount all of the brands of the German automaker build. CEO Matthias Müller believes that is too many. "The total number of our today around 340 model variants, we are in the course of reducing," Volkswagen CEO Matthias Müller at a press conference last week. But how many models are going on the chopping block? Sources tell Handelsblatt that 40 plus models will be cut. "A decision on how many models will be phased out or ceased has not been taken yet," said a Volkswagen spokesman to Reuters when asked for comment. Source: Handelsblatt (Subscription Required) Reuters View full article
  6. Changes are afoot at Honda as they get ready for a massive product overhaul coming in the next few years. Autoblog reports that at the end of 2015 model year, the Civic Hybrid and Natural Gas models will be no more due to customer preferences changing. "These moves will allow greater focus on Civic's sporty new driving character," said John Mendel, Honda executive vice president and head of US automotive operations. The new Civic will go on sale sometime later this year in sedan, coupe, and hatchback forms. The Type-R which was announced to come to the U.S. sometime later has been given an arrival date of 2017. Source: Autoblog View full article
  7. Volkswagen CEO Matthias Mueller told a group of 20,000 employees today in Germany that the company will be cancelling and delaying a number of projects in light of the diesel emission scandal. "Therefore we are putting all planned investments under review. What is not urgently needed will be scrapped or delayed. And therefore we will adjust our efficiency program. I will be very open: this won't be painless," said Muller. Fixing around 11 million vehicles around the world that are affected by the rigged software is a costly prospect for Volkswagen. Muller says the $7.29 billion set aside for repairs will not be enough to pay for fines and lawsuits. Volkswagen has been criticized for being an “incredibly inefficient” company. Last year, the automaker had set aside $17.4 billion research and development. That is higher than what Ford and General Motors spent on r&d combined last year. “Where’s the innovation? Obviously not in diesel engines. There’s a culture of spending and a lack of focus on efficiency in favor of striving to be bigger,” said Arndt Ellinghorst, an analyst with Evercore ISI. Source: Bloomberg View full article
  8. William Maley Staff Writer - CheersandGears.com August 6, 2013 Despite piling on incentives to move Chevrolet Volts off dealer lots a couple months ago, sales rose to a meager 0.1 percent to 11,643 vehicles through July. Add in the fact that the Nissan Leaf dropped it price earlier and is currently experiencing a rise in sales and the inevitable was bound to happen. Today, General Motors announced a $5,000 price cut to the 2014 Volt. That means the starting price is now $34,995 (including $810 in destination). Factor in the $7,500 federal tax credit and you're looking at a price of $27,495. “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership. The 2014 Volt will offer the same impressive list of features, but for $5,000 less," said Don Johnson, Chevy’s US VP of sales. Source: General Motors William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.comor you can follow him on twitter at @realmudmonster. Press Release is on Page 2 2014 Chevrolet Volt Now Offers Even Greater Value Pricing for the 2014 model will start at $34,995 2013-08-06 DETROIT – The Chevrolet Volt, already recognized for having the most satisfied owners will soon come with another people pleaser: a lower price. The 2014 model will start at $34,995, including an $810 destination fee (excluding tax, title, license and dealer fees). If consumers include federal tax credits ranging from $0-$7,500 (depending on individual tax liability), pricing could start at $27,495. Individual tax situations differ, so consult a tax professional prior to claiming any credits to confirm eligibility for vehicle tax benefits. “The lower price and cost savings from driving on electricity provide Volt owners an unmatched balance of technology, capability and cost of ownership,” said Don Johnson, U.S. vice president, Chevrolet sales and service. “The 2014 Volt will offer the same impressive list of features, but for $5,000 less. “We have made great strides in reducing costs as we gain experience with electric vehicles and their components,” Johnson said. “In fact, the Volt has seen an increase in battery range and the addition of creature comforts, such as a leather-wrapped steering wheel and MyLink, since its launch in 2010.” Volt owners who charge regularly typically drive 900 miles between fill-ups and visit the gas station about once a month. The 2014 Volt will continue to provide owners with impressive fuel economy of 98 MPGe (electric) and 35 city/40 highway on gasoline power without any need to change their daily driving habits while saving $900 in annual fuel costs. Today’s Volt owners have logged 364 million miles, including 225 million electric miles. The Volt’s lower price also changes the comparative set of vehicles on popular auto information sites like kbb.com, Edmunds.com and cars.com, where visitors to these sites can search for a new vehicle by type and/or prices. The Volt’s lower price will broaden its exposure to price-sensitive prospective buyers using these sites to search for a plug-in electric vehicle or a gas-powered alternative sedan. The Volt continues to be the best selling plug-in vehicle in America and is attracting new buyers to the Chevrolet brand. More than 70 percent of Volt buyers are new to General Motors. Not surprisingly, the Toyota Prius is the most frequently traded-in vehicle for a Volt. California continues to be Volt’s largest market. The 2014 Volt will continue to offer a low emissions package that earns the Volt a coveted “sticker” for single-occupancy HOV lane access in California and New York. The Chevrolet Volt allows gas-free driving for an EPA-estimated 38 miles (61 km), depending on terrain, driving techniques and temperature. The range-extending engine gives the Volt up to 380 total miles (615 km) of total driving range. The 2014 Volt will start to be available in dealer showrooms late this summer. Chevrolet will introduce two new colors – Ashen Gray Metallic and Brownstowne Metallic for the 2014 model year – and a leather-wrapped steering wheel. View full article

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