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Found 170 results

  1. Ford truck lineup will be growing by one with the introduction of the Ranger early next year. But a new report from Automobile says there's another truck in the cards, one that is smaller than the Ranger. Ford is working on a replacement for the Brazilian market Courier subcompact pickup truck, last sold in the 2013 model year. The model is expected to move from an old Fiesta platform to the platform underpinning the new Focus. This has caught the eye of Ford's product planners in the U.S. and there are plans to possibly bring it here by 2022. Production is expected to take place in Ford's Cuautitlan, Mexico plant. Currently home to the Fiesta, the plant will switch over to producing a new Focus-based crossover sometime in 2020, followed by the new truck. The elephant in the room deals with the NAFTA negotiations. Currently, trucks built in Mexico aren't subject to the 25 percent 'Chicken Tax'. But who knows what could change in next year or so considering not much progress has been in the talks. Source: Automobile View full article
  2. Ford truck lineup will be growing by one with the introduction of the Ranger early next year. But a new report from Automobile says there's another truck in the cards, one that is smaller than the Ranger. Ford is working on a replacement for the Brazilian market Courier subcompact pickup truck, last sold in the 2013 model year. The model is expected to move from an old Fiesta platform to the platform underpinning the new Focus. This has caught the eye of Ford's product planners in the U.S. and there are plans to possibly bring it here by 2022. Production is expected to take place in Ford's Cuautitlan, Mexico plant. Currently home to the Fiesta, the plant will switch over to producing a new Focus-based crossover sometime in 2020, followed by the new truck. The elephant in the room deals with the NAFTA negotiations. Currently, trucks built in Mexico aren't subject to the 25 percent 'Chicken Tax'. But who knows what could change in next year or so considering not much progress has been in the talks. Source: Automobile
  3. Volvo is shifting production of XC60s destined for the U.S. from China to Europe in an effort to avoid a 25 percent tariff on Chinese imports. "We will, of course, reshuffle here and take XC60s for the U.S. from our factory in Europe, and let China produce for other markets," Volvo CEO Håkan Samuelsson told Reuters. Samuelsson went on to say that the shift has already begun. Earlier this month, the Trump administration slapped a 25 percent tariff on $34 billion in Chinese imports, including Volvo's XC60 and S90. Unlike the XC60, the S90 is only built in China, leaving it in a difficult place. In turn, the Chinese government increased tariffs on imported U.S. vehicles to 40 percent. Source: Reuters View full article
  4. Volvo is shifting production of XC60s destined for the U.S. from China to Europe in an effort to avoid a 25 percent tariff on Chinese imports. "We will, of course, reshuffle here and take XC60s for the U.S. from our factory in Europe, and let China produce for other markets," Volvo CEO Håkan Samuelsson told Reuters. Samuelsson went on to say that the shift has already begun. Earlier this month, the Trump administration slapped a 25 percent tariff on $34 billion in Chinese imports, including Volvo's XC60 and S90. Unlike the XC60, the S90 is only built in China, leaving it in a difficult place. In turn, the Chinese government increased tariffs on imported U.S. vehicles to 40 percent. Source: Reuters
  5. The threat of a 20 percent tariff on vehicles exported from the European Union has a number of automakers panicking. But that tariff could be taken off the table if the EU removes their tariff on vehicles exported from the U.S. German paper Handelsblatt learned from sources that a meeting was held between the US ambassador to Germany, Richard Grenell and number of CEOs from German automakers. Grenell presented an offer directly from President Donald Trump - "elimination of all tariffs on automobile imports on both sides and removal of non-tariff barriers, such as regulations on the size of rear mirrors." Currently, the U.S. levies a 2.5 percent tariff on vehicles imported from EU. A 10 percent tariff is slapped on by EU members on vehicles imported from the U.S. The hope is that German automakers can put some pressure on the government to possibly bring this up with other EU members. Diamler, Volkswagen, the German Economy Ministry, and the European Commission declined to comment when asked by Reuters. Source: Handelsblatt, Reuters View full article
  6. The threat of a 20 percent tariff on vehicles exported from the European Union has a number of automakers panicking. But that tariff could be taken off the table if the EU removes their tariff on vehicles exported from the U.S. German paper Handelsblatt learned from sources that a meeting was held between the US ambassador to Germany, Richard Grenell and number of CEOs from German automakers. Grenell presented an offer directly from President Donald Trump - "elimination of all tariffs on automobile imports on both sides and removal of non-tariff barriers, such as regulations on the size of rear mirrors." Currently, the U.S. levies a 2.5 percent tariff on vehicles imported from EU. A 10 percent tariff is slapped on by EU members on vehicles imported from the U.S. The hope is that German automakers can put some pressure on the government to possibly bring this up with other EU members. Diamler, Volkswagen, the German Economy Ministry, and the European Commission declined to comment when asked by Reuters. Source: Handelsblatt, Reuters
  7. Former Volkswagen CEO Martin Winterkorn has been indicted for his involvement in the diesel emission scandal. The indictment, which was filed under seal at the U.S. District Court in Detroit back in March, was unsealed yesterday. U.S. Attorney Matthew Schneider said in court filings the reason for unsealing is "because there is no longer a belief that unsealing these documents will compromise an ongoing investigation." Winterkorn has been charged with four felony counts, including wire fraud and violating the clean air act. In the indictment, it is alleged that Winterkorn was told about the efforts to manipulate U.S. emission tests with their TDI vehicles in May 2014 and July 2015. Winterkorn has previously stated that he only found out about the cheating in August 2015. The indictment also mentions a meeting that took place on July 27, 2015 at Volkswagen's Wolfsburg headquarters. It is reported that a Powerpoint presentation was shown to various executives, including Winterkorn, that laid out the process of deception that Volkswagen was doing to regulators. Allegedly at the meeting, Volkswagen employees recommended that the company work on getting the approval of 2016 model year diesel vehicles without revealing the existence of the cheat software. Various executives including Winterkorn agreed to the plan. "If you try to deceive the United States, then you will pay a heavy price," said U.S. Attorney General Jeff Sessions in a statement. So, when should expect Winterkorn to appear in a U.S. courtroom? The answer is never and Automotive News explains why, Emphasis mine. A source told Reuters that Winterkorn is in Germany and will be staying there. He is likely aware of what happened Oliver Schmidt, who pleaded guilty for his participation in the scandal. Schmidt was arrested in late 2016 when he was traveling in the U.S. German prosecutors will continue their investigation into Winterkorn's involvement in the diesel emission scandal. "Our investigation strategy does not change just because the Americans have filed charges against Winterkorn," said a spokesman for the Lower Saxony prosecutors' office. Source: Automotive News (Subscription Required), 2, Reuters
  8. Former Volkswagen CEO Martin Winterkorn has been indicted for his involvement in the diesel emission scandal. The indictment, which was filed under seal at the U.S. District Court in Detroit back in March, was unsealed yesterday. U.S. Attorney Matthew Schneider said in court filings the reason for unsealing is "because there is no longer a belief that unsealing these documents will compromise an ongoing investigation." Winterkorn has been charged with four felony counts, including wire fraud and violating the clean air act. In the indictment, it is alleged that Winterkorn was told about the efforts to manipulate U.S. emission tests with their TDI vehicles in May 2014 and July 2015. Winterkorn has previously stated that he only found out about the cheating in August 2015. The indictment also mentions a meeting that took place on July 27, 2015 at Volkswagen's Wolfsburg headquarters. It is reported that a Powerpoint presentation was shown to various executives, including Winterkorn, that laid out the process of deception that Volkswagen was doing to regulators. Allegedly at the meeting, Volkswagen employees recommended that the company work on getting the approval of 2016 model year diesel vehicles without revealing the existence of the cheat software. Various executives including Winterkorn agreed to the plan. "If you try to deceive the United States, then you will pay a heavy price," said U.S. Attorney General Jeff Sessions in a statement. So, when should expect Winterkorn to appear in a U.S. courtroom? The answer is never and Automotive News explains why, Emphasis mine. A source told Reuters that Winterkorn is in Germany and will be staying there. He is likely aware of what happened Oliver Schmidt, who pleaded guilty for his participation in the scandal. Schmidt was arrested in late 2016 when he was traveling in the U.S. German prosecutors will continue their investigation into Winterkorn's involvement in the diesel emission scandal. "Our investigation strategy does not change just because the Americans have filed charges against Winterkorn," said a spokesman for the Lower Saxony prosecutors' office. Source: Automotive News (Subscription Required), 2, Reuters View full article
  9. Ever since PSA Group announced that it would be making a return the U.S. as part of a 10-year plan, there has been a large amount of speculation as to which brand would be sold. Would it be Citroen, DS, Peugeot, or the recently acquired Opel/Vauxhall? “We’ve chosen a brand, but it’s too early to talk about it,” said Larry Dominique, president and CEO of PSA North America to Car and Driver. PSA Group is still in the first phase of its plan with the Free2Move mobility aggregation platform (shows various ways of getting around such as bikes and electric vehicles) in Seattle. Somewhat worrying is that the company has only “activated its marketing” in Seattle recently according to Dominique - Free2Move launched back in October. Out of all of the brands under PSA Group, Car and Driver says there is a good chance that Opel could be the brand coming to the U.S. They point out a comment made by PSA Group CEO Carlos Tavares saying after purchasing Opel/Vauxhall is that Opel engineers can “ensure the future products for this market will be fully U.S. compliant,” in terms of regulations and taste. But there is a possible complication to PSA's plans. Yesterday, President Donald Trump's tariffs on imported steel and aluminum went into effect. There is also talk about a possibly matching up the tariff on imported vehicles - currently, the U.S. imposes a 2.5 percent tariff on imported European vehicles. Earlier this month, Tavares told Automotive News that he is watching the situation closely and that if a new vehicle tariff does come, it will make the company rethink their plans. “If the overall framework of tariffs change, it may have an impact on our strategy. That’s clear, because if we don’t have a profitable business plan, then we don’t go,” said Tavares. Dominique is a little bit more hopeful. Speaking at the J.D. Power Automotive Summit this week, Dominique said he doesn't believe an increase in the tariff will happen and expressed confidence that the various trade issues could be worked out. Source: Car and Driver, Automotive News (Subscription Required), 2 View full article
  10. Ever since PSA Group announced that it would be making a return the U.S. as part of a 10-year plan, there has been a large amount of speculation as to which brand would be sold. Would it be Citroen, DS, Peugeot, or the recently acquired Opel/Vauxhall? “We’ve chosen a brand, but it’s too early to talk about it,” said Larry Dominique, president and CEO of PSA North America to Car and Driver. PSA Group is still in the first phase of its plan with the Free2Move mobility aggregation platform (shows various ways of getting around such as bikes and electric vehicles) in Seattle. Somewhat worrying is that the company has only “activated its marketing” in Seattle recently according to Dominique - Free2Move launched back in October. Out of all of the brands under PSA Group, Car and Driver says there is a good chance that Opel could be the brand coming to the U.S. They point out a comment made by PSA Group CEO Carlos Tavares saying after purchasing Opel/Vauxhall is that Opel engineers can “ensure the future products for this market will be fully U.S. compliant,” in terms of regulations and taste. But there is a possible complication to PSA's plans. Yesterday, President Donald Trump's tariffs on imported steel and aluminum went into effect. There is also talk about a possibly matching up the tariff on imported vehicles - currently, the U.S. imposes a 2.5 percent tariff on imported European vehicles. Earlier this month, Tavares told Automotive News that he is watching the situation closely and that if a new vehicle tariff does come, it will make the company rethink their plans. “If the overall framework of tariffs change, it may have an impact on our strategy. That’s clear, because if we don’t have a profitable business plan, then we don’t go,” said Tavares. Dominique is a little bit more hopeful. Speaking at the J.D. Power Automotive Summit this week, Dominique said he doesn't believe an increase in the tariff will happen and expressed confidence that the various trade issues could be worked out. Source: Car and Driver, Automotive News (Subscription Required), 2
  11. Last week, Ford unveiled the Raptor Ranger. The bad news as we reported was the model wasn't going to come here, but a tweet from Ford's North America Product Communications manager gave some hope that possibly, a smaller Raptor could come. More fuel has been added to this fire via some comments made by the chief engineer for Ford Performance, Jamal Hameedi. Speaking with Australian outlet Drive, Hameedi said the truck "would do really well in the states." “I think it’s certainly like it’s a baby Raptor, it depends what you’re looking for. There are a lot of people that just want that size in a pickup truck and they don’t want anything larger,” said Hameedi. Hameedi went on to say that the diesel engine found in the Ranger Raptor would likely be swapped for a gas engine. “I think most American off-roaders would actually prefer a petrol gas engine, but a diesel is the absolute way to go for the rest of the world.” We think a version of Ford's 2.3 EcoBoost could be the engine of choice for a U.S. variant. But it will likely be a while before a final decision is made on the Ranger Raptor coming to the U.S. “We haven’t said anything about availability in the US, our first priority is to get a Raptor available to everyone on the planet earth. So Americans already have an F-150 Raptor, we’ve got to spread Raptors to the rest of the planet,” said Hameedi. Source: Drive View full article
  12. Last week, Ford unveiled the Raptor Ranger. The bad news as we reported was the model wasn't going to come here, but a tweet from Ford's North America Product Communications manager gave some hope that possibly, a smaller Raptor could come. More fuel has been added to this fire via some comments made by the chief engineer for Ford Performance, Jamal Hameedi. Speaking with Australian outlet Drive, Hameedi said the truck "would do really well in the states." “I think it’s certainly like it’s a baby Raptor, it depends what you’re looking for. There are a lot of people that just want that size in a pickup truck and they don’t want anything larger,” said Hameedi. Hameedi went on to say that the diesel engine found in the Ranger Raptor would likely be swapped for a gas engine. “I think most American off-roaders would actually prefer a petrol gas engine, but a diesel is the absolute way to go for the rest of the world.” We think a version of Ford's 2.3 EcoBoost could be the engine of choice for a U.S. variant. But it will likely be a while before a final decision is made on the Ranger Raptor coming to the U.S. “We haven’t said anything about availability in the US, our first priority is to get a Raptor available to everyone on the planet earth. So Americans already have an F-150 Raptor, we’ve got to spread Raptors to the rest of the planet,” said Hameedi. Source: Drive
  13. Subaru will be launching their first plug-in hybrid for the U.S. later this year and plans on offering a full electric vehicle in 2021. But to pull both of these off, Subaru is enlisting various automakers to help. Takeshi Tachimori, Subaru's chief technical officer said they are drawing heavily on partnerships with Daihatsu, Hino, Mazda, Suzuki, and Toyota to help with the upcoming plug-in hybrid and EV. The reason for using the expertise of other automakers is Subaru's r&d budget doesn't stretch to include in-house development of these models. "We can't engage in a large-scale development," he told Automotive News. As more stringent emission regulations come into effect around the world, Subaru is counting on this plan to meet them. Tachimori also talked about the upcoming plug-in hybrid. While he wouldn't reveal what model it will be based on, he did say the model would use the powertrain from the Toyota Prius Prime with a twist: the gas engine will be one of Subaru's boxer engines. "For our plug-in hybrid to be introduced this year, we have used Toyota's technologies as much as possible," said Tachimori. The plug-in hybrid will be sold initially in states that have adopted California's zero-emission vehicle regulations. Source: Automotive News (Subscription Required)
  14. Subaru will be launching their first plug-in hybrid for the U.S. later this year and plans on offering a full electric vehicle in 2021. But to pull both of these off, Subaru is enlisting various automakers to help. Takeshi Tachimori, Subaru's chief technical officer said they are drawing heavily on partnerships with Daihatsu, Hino, Mazda, Suzuki, and Toyota to help with the upcoming plug-in hybrid and EV. The reason for using the expertise of other automakers is Subaru's r&d budget doesn't stretch to include in-house development of these models. "We can't engage in a large-scale development," he told Automotive News. As more stringent emission regulations come into effect around the world, Subaru is counting on this plan to meet them. Tachimori also talked about the upcoming plug-in hybrid. While he wouldn't reveal what model it will be based on, he did say the model would use the powertrain from the Toyota Prius Prime with a twist: the gas engine will be one of Subaru's boxer engines. "For our plug-in hybrid to be introduced this year, we have used Toyota's technologies as much as possible," said Tachimori. The plug-in hybrid will be sold initially in states that have adopted California's zero-emission vehicle regulations. Source: Automotive News (Subscription Required) View full article
  15. There has been a small number of people wanting Volkswagen to bring the Amarok over to the U.S. There are numerous issues to this, the big one being the 25 percent Chicken Tax on trucks, But some recent news has brought hope to this small group. Motor Authority reports that Volkswagen filed a trademark application for Amarok last November. This could mean one of two things; either Volkswagen is planning on introducing the Amarok to the U.S., or the German automaker is covering all bases. As Motor Authority notes, Volkswagen has trademarked the name before. Aside from the Chicken Tax problem, the Amarok would run into the problem that other midsize trucks are facing at the moment, a slowdown in sales. Despite the massive rise in full-size truck sales, midsize trucks aren't seeing the same trend. A lot of this comes down to truck manufacturers offering generous incentives for their full-size trucks, bringing the price down to the same level as midsize trucks and causing buyers to go with the larger ones. Source: Motor Authority View full article
  16. There has been a small number of people wanting Volkswagen to bring the Amarok over to the U.S. There are numerous issues to this, the big one being the 25 percent Chicken Tax on trucks, But some recent news has brought hope to this small group. Motor Authority reports that Volkswagen filed a trademark application for Amarok last November. This could mean one of two things; either Volkswagen is planning on introducing the Amarok to the U.S., or the German automaker is covering all bases. As Motor Authority notes, Volkswagen has trademarked the name before. Aside from the Chicken Tax problem, the Amarok would run into the problem that other midsize trucks are facing at the moment, a slowdown in sales. Despite the massive rise in full-size truck sales, midsize trucks aren't seeing the same trend. A lot of this comes down to truck manufacturers offering generous incentives for their full-size trucks, bringing the price down to the same level as midsize trucks and causing buyers to go with the larger ones. Source: Motor Authority
  17. Volkswagen recently held an event for journalists and investors to talk about the upcoming Jetta. But the company also gave a preview of their product plans for the near future. According to Autoblog, those plans include two new crossovers. The first will be a five-seat model that will slot between the Tiguan and Atlas. Volkswagen North America CEO President and CEO Hinrich Woebcken described it as 'coupe-like'. We're assuming this model will compete with the likes of the Ford Edge and Nissan Murano. The second will slot below the long-wheelbase Tiguan (what we get in the U.S.). This could either be the short-wheelbase Tiguan or a new model that was hinted by Volkswagen's director of development, Dr. Frank Welsch back in September. It comes as no surprise that Volkswagen is planning to expand their crossover offerings. During his presentation, Woebcken showed that light truck sales increased a whopping 51 percent year-to-date, compared to 1 percent for car sales. Still, Volkswagen is planning to walk away from sedans just yet. 2018 will see the new Jetta and launches of the Arteon and Passat GT. Down the road, Volkswagen will introduce a new Jetta GLI and redesigned Passat. Source: Autoblog
  18. Volkswagen recently held an event for journalists and investors to talk about the upcoming Jetta. But the company also gave a preview of their product plans for the near future. According to Autoblog, those plans include two new crossovers. The first will be a five-seat model that will slot between the Tiguan and Atlas. Volkswagen North America CEO President and CEO Hinrich Woebcken described it as 'coupe-like'. We're assuming this model will compete with the likes of the Ford Edge and Nissan Murano. The second will slot below the long-wheelbase Tiguan (what we get in the U.S.). This could either be the short-wheelbase Tiguan or a new model that was hinted by Volkswagen's director of development, Dr. Frank Welsch back in September. It comes as no surprise that Volkswagen is planning to expand their crossover offerings. During his presentation, Woebcken showed that light truck sales increased a whopping 51 percent year-to-date, compared to 1 percent for car sales. Still, Volkswagen is planning to walk away from sedans just yet. 2018 will see the new Jetta and launches of the Arteon and Passat GT. Down the road, Volkswagen will introduce a new Jetta GLI and redesigned Passat. Source: Autoblog View full article
  19. Mitsubishi's lineup in the U.S. is very thin, but that will change soon as the Japanese automaker introduces the new Eclipse Cross and Outlander PHEV crossovers. This is part of an effort to boost sales 30 percent for the U.S. by 2020. While the focus for the U.S. will be on crossovers, Mitsubishi Motors CEO Osamu Masuko hinted that other products could be in the pipeline if they leverage their alliance with Nissan-Renault. In an interview with Automotive News, Masuko said the opportunity to launch new products will come after 2020. This is when Mitsubishi is expected to share powertrains and platforms with Nissan-Renault. One of those new products could be a sedan. "But we don't have plans to develop a sedan on our own. It wouldn't be just a rebadge. The design will be completely different. We would like to clearly differentiate our models and show the special characteristics of each company," said Masuko. We're wondering if this sedan could be the replacement for the aging Lancer compact or discontinued Galant sedan. Masuko said there are no concrete plans at this time for the sedan. Automotive News followed this up by asking if there is the possibility of a pickup truck for the U.S. "The pickups we make are not so big. But the American market requires big-size pickup trucks," said Masuko. "We are focused on developing pickups for non-U.S. markets such as [Southeast Asia] and the Middle East. So for the U.S., if there is an opportunity, we might get it from Nissan. We would like to consider if there are opportunities from within the Alliance." Source: Automotive News (Subscription Required)
  20. Mitsubishi's lineup in the U.S. is very thin, but that will change soon as the Japanese automaker introduces the new Eclipse Cross and Outlander PHEV crossovers. This is part of an effort to boost sales 30 percent for the U.S. by 2020. While the focus for the U.S. will be on crossovers, Mitsubishi Motors CEO Osamu Masuko hinted that other products could be in the pipeline if they leverage their alliance with Nissan-Renault. In an interview with Automotive News, Masuko said the opportunity to launch new products will come after 2020. This is when Mitsubishi is expected to share powertrains and platforms with Nissan-Renault. One of those new products could be a sedan. "But we don't have plans to develop a sedan on our own. It wouldn't be just a rebadge. The design will be completely different. We would like to clearly differentiate our models and show the special characteristics of each company," said Masuko. We're wondering if this sedan could be the replacement for the aging Lancer compact or discontinued Galant sedan. Masuko said there are no concrete plans at this time for the sedan. Automotive News followed this up by asking if there is the possibility of a pickup truck for the U.S. "The pickups we make are not so big. But the American market requires big-size pickup trucks," said Masuko. "We are focused on developing pickups for non-U.S. markets such as [Southeast Asia] and the Middle East. So for the U.S., if there is an opportunity, we might get it from Nissan. We would like to consider if there are opportunities from within the Alliance." Source: Automotive News (Subscription Required) View full article
  21. William Maley

    Range Rover Evoque Coupe Quietly Leaves U.S.

    If you want a Range Rover Evoque Coupe, you might want to snap up a 2017 model as soon as possible. Motor Authority reports that Land Rover will stop selling the Evoque Coupe in the U.S. at the end of this year. The reason given was due to slow sales. Surprisingly, Motor Authority notes that the Evoque Convertible outsells the coupe. Last month, Land Rover announced some changes to the 2018 Evoque lineup with the big news being an all-new turbocharged 2.0L four-cylinder. The new engine produces either 237 horsepower and 251 pound-feet of torque or 286 horsepower and 295 pound-feet of torque. Source: Motor Authority
  22. If you want a Range Rover Evoque Coupe, you might want to snap up a 2017 model as soon as possible. Motor Authority reports that Land Rover will stop selling the Evoque Coupe in the U.S. at the end of this year. The reason given was due to slow sales. Surprisingly, Motor Authority notes that the Evoque Convertible outsells the coupe. Last month, Land Rover announced some changes to the 2018 Evoque lineup with the big news being an all-new turbocharged 2.0L four-cylinder. The new engine produces either 237 horsepower and 251 pound-feet of torque or 286 horsepower and 295 pound-feet of torque. Source: Motor Authority View full article
  23. Last summer, Skoda CEO Bernhard Maier said a decision on whether or not the brand would come to the U.S. would be made sometime next year. But it seems that decision has been put on the back burner. Autocar reports that Skoda is taking the lead on developing a new low-cost vehicle for emerging markets. Earlier this year, Volkswagen had entered a partnership with Indian automaker Tata Motors to do the same. However, this would be dissolved as cost targets were not met. “We will need more time to work on the US plans now. The Group has asked us to lead development of a platform with a strong focus on India and to investigate building that business sustainably and in a predictable manner," said Maier. “That is a huge task, and we must always approach projects one step at a time. There is no hurry to rush into the US and no deadline to even decide if we should be looking to go there. There’s no need to make a decision right away.” The last two lines are very interesting, considering that Maier was gung-ho on entering the the U.S. last year. As we reported back in December, an anonymous Volkswagen board member said it would be mad for Skoda to enter the U.S., hinting that plans were scrapped. We'll keep you posted if anything changes. Source: Autocar View full article
  24. William Maley

    Skoda Puts Plans for U.S. On Hold

    Last summer, Skoda CEO Bernhard Maier said a decision on whether or not the brand would come to the U.S. would be made sometime next year. But it seems that decision has been put on the back burner. Autocar reports that Skoda is taking the lead on developing a new low-cost vehicle for emerging markets. Earlier this year, Volkswagen had entered a partnership with Indian automaker Tata Motors to do the same. However, this would be dissolved as cost targets were not met. “We will need more time to work on the US plans now. The Group has asked us to lead development of a platform with a strong focus on India and to investigate building that business sustainably and in a predictable manner," said Maier. “That is a huge task, and we must always approach projects one step at a time. There is no hurry to rush into the US and no deadline to even decide if we should be looking to go there. There’s no need to make a decision right away.” The last two lines are very interesting, considering that Maier was gung-ho on entering the the U.S. last year. As we reported back in December, an anonymous Volkswagen board member said it would be mad for Skoda to enter the U.S., hinting that plans were scrapped. We'll keep you posted if anything changes. Source: Autocar
  25. William Maley

    Skoda To Make A Decision On U.S. Next Year

    Skoda has been cagey with saying when a possible decision of selling vehicles in U.S. will come. Ask anyone at the Czech automaker and they'll say there isn't a timeframe. It seems now there is a timeframe. German business daily Handelsblatt recently talked with Skoda CEO Bernhard Maier. During their talk, Maier revealed a decision for the U.S. will happen sometime next year. “In the course of the coming year, we want to decide on the question of North America,” said Maier. “When we talk about our plans until 2025, then you cannot leave out one of the most important car markets in the world. Therefore, we examine under what conditions and with what cars the entrance to the U.S. market would be possible.” Skoda wants to be in 120 global markets by 2025. At the moment, Skoda is in 102 markets. This will grow next year as the brand will enter Iran, South Korea, and Singapore. Source: Handelsblatt (Global Edition)

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