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  1. In Europe, Volkswagen offers a couple of plug-in hybrid models such as the Golf GTE. But don't expect any those plug-in hybrids to come to the U.S. "It's a bridging technology," between internal-combustion and full-electric cars, said Matthew Renna, Volkswagen North America Region's vice president of e-mobility yesterday at the Chicago Auto Show. "It's very cost-prohibitive to have two different powertrains on one platform." Volkswagen has made no secret about their electric car ambitions, with plans to launch a full lineup within the next few years. While Europe will get a small hatchback based on I.D. Concept, the U.S. will get a production version of the Crozz concept. Volkswagen is also planning on selling their upcoming EVs in all 50 states, not only in those that require automakers to sell certain number of EVs. "The plan is to sell nationwide. The goal is a nationwide roll-out ASAP," said Renna. Source: Roadshow View full article
  2. In Europe, Volkswagen offers a couple of plug-in hybrid models such as the Golf GTE. But don't expect any those plug-in hybrids to come to the U.S. "It's a bridging technology," between internal-combustion and full-electric cars, said Matthew Renna, Volkswagen North America Region's vice president of e-mobility yesterday at the Chicago Auto Show. "It's very cost-prohibitive to have two different powertrains on one platform." Volkswagen has made no secret about their electric car ambitions, with plans to launch a full lineup within the next few years. While Europe will get a small hatchback based on I.D. Concept, the U.S. will get a production version of the Crozz concept. Volkswagen is also planning on selling their upcoming EVs in all 50 states, not only in those that require automakers to sell certain number of EVs. "The plan is to sell nationwide. The goal is a nationwide roll-out ASAP," said Renna. Source: Roadshow
  3. China has announced today that it would be reducing tariffs on U.S.-built cars and car parts from 40 to 15 percent beginning on January 1st. This reduction will last for three months as the U.S. and China begin hashing out a new trade deal. We first reported the reduction of the tariffs earlier this week. China's Ministry of Finance posted on their website said it hopes the talks between the two can go quickly and remove "all additional tariffs on each other’s goods" that were brought forth before the current trade-war. “China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!” President Donald Trump wrote on Twitter in response to the announcement. China raised the tariffs on U.S.-built vehicles and parts back in July in response to the U.S. raised tariffs on Chinese-built vehicles and parts to 27.5 percent. The move caused a number of headaches for automakers which had to increase prices on models sold in China or change up various plans. Various automakers and groups welcomed the news. At the moment, the U.S. hasn't announced any plans to reduce the 27.5 percent tariff on Chinese-built vehicles and parts. Source: Associated Press, Reuters View full article
  4. Hyundai was planning on offering three different powertrains for the Santa Fe; the 2.4L four-cylinder as the base, an optional turbocharged 2.0L turbo-four, and a new 2.2L turbodiesel. The diesel would also be the only Santa Fe model to offer a third-row. But Green Car Reports has learned the diesel option has been canned. Brandon Ramirez, a spokesman for Hyundai confirmed the cancellation of the diesel during a first drive event of the Palisade in South Korea. The reason was due studies showing that consumers were not as willing to purchase a diesel as before. Likely helping this is the downward trend in gas prices and the increasing push into electrification. The departure of the diesel also means no option of a third-row for the Santa Fe according to Ramirez. This follows the announcement made by Kia back in October that the Sorento diesel option was canned. Source: Green Car Reports View full article
  5. William Maley

    Hyundai Cans Santa Fe Diesel For U.S.

    Hyundai was planning on offering three different powertrains for the Santa Fe; the 2.4L four-cylinder as the base, an optional turbocharged 2.0L turbo-four, and a new 2.2L turbodiesel. The diesel would also be the only Santa Fe model to offer a third-row. But Green Car Reports has learned the diesel option has been canned. Brandon Ramirez, a spokesman for Hyundai confirmed the cancellation of the diesel during a first drive event of the Palisade in South Korea. The reason was due studies showing that consumers were not as willing to purchase a diesel as before. Likely helping this is the downward trend in gas prices and the increasing push into electrification. The departure of the diesel also means no option of a third-row for the Santa Fe according to Ramirez. This follows the announcement made by Kia back in October that the Sorento diesel option was canned. Source: Green Car Reports
  6. China has announced today that it would be reducing tariffs on U.S.-built cars and car parts from 40 to 15 percent beginning on January 1st. This reduction will last for three months as the U.S. and China begin hashing out a new trade deal. We first reported the reduction of the tariffs earlier this week. China's Ministry of Finance posted on their website said it hopes the talks between the two can go quickly and remove "all additional tariffs on each other’s goods" that were brought forth before the current trade-war. “China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended U.S. Tariff Hikes. U.S. is doing very well. China wants to make a big and very comprehensive deal. It could happen, and rather soon!” President Donald Trump wrote on Twitter in response to the announcement. China raised the tariffs on U.S.-built vehicles and parts back in July in response to the U.S. raised tariffs on Chinese-built vehicles and parts to 27.5 percent. The move caused a number of headaches for automakers which had to increase prices on models sold in China or change up various plans. Various automakers and groups welcomed the news. At the moment, the U.S. hasn't announced any plans to reduce the 27.5 percent tariff on Chinese-built vehicles and parts. Source: Associated Press, Reuters
  7. The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported American-made cars, something China did not confirm at the time." Shares of various automakers including Diamler, Ford, and Tesla rose on the news. The trade war between the U.S. and China has taken a toll on automakers. Both BMW and Dimaler have warned of lower profits as tariffs have forced them to raise prices in China. Others such as Volvo and Ford have made changes to production and vehicle plans. China's Finance Ministry didn't respond to Bloomberg's request for a comment. Source: Bloomberg View full article
  8. The Chinese government is considering a proposal to reduce tariffs on U.S.-Built vehicles from the current 40 percent back down to the 15 percent before the trade war broke out between it and the U.S. Sources tell Bloomberg a proposal has been submitted to the cabinet to be reviewed in the coming days. This proposal stems from a trade summit in Buenos Aires where U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the trade war earlier this month. After the meeting, Trump tweeted out that "China agreed to “reduce and remove” tariffs on imported American-made cars, something China did not confirm at the time." Shares of various automakers including Diamler, Ford, and Tesla rose on the news. The trade war between the U.S. and China has taken a toll on automakers. Both BMW and Dimaler have warned of lower profits as tariffs have forced them to raise prices in China. Others such as Volvo and Ford have made changes to production and vehicle plans. China's Finance Ministry didn't respond to Bloomberg's request for a comment. Source: Bloomberg
  9. Back in June, Ford and Volkswagen signed a Memorandum of Understanding for a new alliance that would focus on commercial vehicles. Since then, the two companies have been in discussions about it and there have been various rumors flying about. Yesterday, Volkswagen CEO Herbert Diess added some more fuel to the fire. Speaking to reporters outside of the White House, Diess revealed that the German automaker is interested in using Ford's plants in the U.S. to build vehicles. "We might use Ford capacity here in the U.S. to build cars for us," said Diess. “We need additional capacity here in the United States, we need an additional car plant for VW and Audi combined.” The company is in "quite advanced negotiations in Tennessee" about a new plant in the state - Volkswagen operates one in Chattanooga for the Passat and Atlas. But Diess did say "there might be other options as well," most likely talking about using some of Ford's plants in the U.S. For now, this is an idea being floating out there. The two are continuing their talks about what this alliance will look like. Diess said more details would come out in January. Source: Automotive News (Subscription Required) View full article
  10. Back in June, Ford and Volkswagen signed a Memorandum of Understanding for a new alliance that would focus on commercial vehicles. Since then, the two companies have been in discussions about it and there have been various rumors flying about. Yesterday, Volkswagen CEO Herbert Diess added some more fuel to the fire. Speaking to reporters outside of the White House, Diess revealed that the German automaker is interested in using Ford's plants in the U.S. to build vehicles. "We might use Ford capacity here in the U.S. to build cars for us," said Diess. “We need additional capacity here in the United States, we need an additional car plant for VW and Audi combined.” The company is in "quite advanced negotiations in Tennessee" about a new plant in the state - Volkswagen operates one in Chattanooga for the Passat and Atlas. But Diess did say "there might be other options as well," most likely talking about using some of Ford's plants in the U.S. For now, this is an idea being floating out there. The two are continuing their talks about what this alliance will look like. Diess said more details would come out in January. Source: Automotive News (Subscription Required)
  11. Mini has been struggling in the U.S. for the past few as more consumers shun small cars. The brand which expected annual sales to total 100,000 vehicles by 2017, peaked at about 66,500 models in 2013 according to Automotive News. Sales through the first ten months of the years have totaled 37,359. This isn't good news for the 127 standalone Mini dealers in the U.S. as it makes it tough for owners to justify the investment. In 2016, 45 percent of Mini dealers reported being unprofitable. A year later, that number rose to 54 percent. "As a dealer and a manufacturer you have a vision of where the brand is going, and you have to prepare for it. In this case, the vision now isn't what it was when some of these stores were built," explained Jason Willis, a member of the Mini National Dealer Council and general manager of fixed operations at Willis Auto Campus in Des Moines, Iowa. Mini's parent company, BMW is considering various options to help improve profitability. One of the options on the table is allowing dealers to integrate Mini into their BMW stores. To make sure the brands stand apart, Mini is looking into having a separate showroom with dedicated employees for sales and service. "We've given a lot of flexibility for the dealers to present ideas. This is to help make sure that, until our next wave of product, and the market becomes more favorable, our dealers each remain a strong and going concern," said Thomas Felbermair, vice president of Mini Region Americas. But there comes an issue with this idea. Mini has 31 dealers that don't have a BMW dealership that they can integrate into. A spokesman for Mini said they "are looking at additional forms of support for stores that remain fully exclusive," but didn't expand into how they plan on doing that. Source: Automotive News (Subscription Required) View full article
  12. Mini has been struggling in the U.S. for the past few as more consumers shun small cars. The brand which expected annual sales to total 100,000 vehicles by 2017, peaked at about 66,500 models in 2013 according to Automotive News. Sales through the first ten months of the years have totaled 37,359. This isn't good news for the 127 standalone Mini dealers in the U.S. as it makes it tough for owners to justify the investment. In 2016, 45 percent of Mini dealers reported being unprofitable. A year later, that number rose to 54 percent. "As a dealer and a manufacturer you have a vision of where the brand is going, and you have to prepare for it. In this case, the vision now isn't what it was when some of these stores were built," explained Jason Willis, a member of the Mini National Dealer Council and general manager of fixed operations at Willis Auto Campus in Des Moines, Iowa. Mini's parent company, BMW is considering various options to help improve profitability. One of the options on the table is allowing dealers to integrate Mini into their BMW stores. To make sure the brands stand apart, Mini is looking into having a separate showroom with dedicated employees for sales and service. "We've given a lot of flexibility for the dealers to present ideas. This is to help make sure that, until our next wave of product, and the market becomes more favorable, our dealers each remain a strong and going concern," said Thomas Felbermair, vice president of Mini Region Americas. But there comes an issue with this idea. Mini has 31 dealers that don't have a BMW dealership that they can integrate into. A spokesman for Mini said they "are looking at additional forms of support for stores that remain fully exclusive," but didn't expand into how they plan on doing that. Source: Automotive News (Subscription Required)
  13. Kia's car-heavy lineup has been hurting them in terms of sales as consumers want more truck and utilities. Through September, Kia sales in the U.S. dropped 1.3 percent to 452,042 vehicles. But Kia CEO Han-Woo Park tells Automotive News that he expects "our performance in the U.S. market to rebound soon." This will be due in part to two new crossovers arriving next year; the Telluride next Spring, followed by a new subcompact crossover in the second half. The subcompact crossover will be based on the SP Concept that debuted at India's Auto Expo in March. Production of the U.S. version will take place in South Korea. Park said Kia would consider other crossover models and possibly a small truck, though there are no plans for the latter. "It's not an easy market, the pickup market in the U.S.," he said. Source: Automotive News (Subscription Required) View full article
  14. William Maley

    Ford Says No To Ranger Raptor For U.S.

    Many people were hoping that Ford would bring the new Raptor Ranger to the U.S. It would offer the off-road performance and capability of the larger F-150 Raptor, but in a smaller and (hopefully) more affordable package. But that isn't going to be happening. Hermann Salenbauch, the vehicle line director for Ford Performance told journalists yesterday that the company has no plans to bring the Ranger Raptor to the U.S. A key reason mentioned by Salenbauch is due to the high costs to make the Ranger Raptor legal to sell in the U.S. as the model is based on the global Ranger. We have to assume a key part would come from trying to either make the twin-turbo 2.0L diesel legal or finding a possible replacement. But Autoblog notes there is another reason not mentioned by Salenbauch, pricing. Considering the base price of the F-150 Raptor is $52,855, we would guess the Ranger Raptor would be a few thousand dollars less taking into account the various changes that would be needed. For a number of buyers, spending a few extra thousand dollars to get a bigger and badder truck isn't that big of a problem. Plus, Ford is making a nice amount of profit on each Raptor sold - especially considering that Raptors sit on dealer lots for an average of 20 days. Why introduce a competitor that would make less money? That isn't to say Ford isn't taking the Raptor Ranger off the table for the U.S. fully. Autoblog writes that "Salenbauch didn't say the Ranger Raptor would never come here, and he and other Ford executives said they're always listening to feedback and open to new models." Source: Autoblog
  15. Kia's car-heavy lineup has been hurting them in terms of sales as consumers want more truck and utilities. Through September, Kia sales in the U.S. dropped 1.3 percent to 452,042 vehicles. But Kia CEO Han-Woo Park tells Automotive News that he expects "our performance in the U.S. market to rebound soon." This will be due in part to two new crossovers arriving next year; the Telluride next Spring, followed by a new subcompact crossover in the second half. The subcompact crossover will be based on the SP Concept that debuted at India's Auto Expo in March. Production of the U.S. version will take place in South Korea. Park said Kia would consider other crossover models and possibly a small truck, though there are no plans for the latter. "It's not an easy market, the pickup market in the U.S.," he said. Source: Automotive News (Subscription Required)
  16. Many people were hoping that Ford would bring the new Raptor Ranger to the U.S. It would offer the off-road performance and capability of the larger F-150 Raptor, but in a smaller and (hopefully) more affordable package. But that isn't going to be happening. Hermann Salenbauch, the vehicle line director for Ford Performance told journalists yesterday that the company has no plans to bring the Ranger Raptor to the U.S. A key reason mentioned by Salenbauch is due to the high costs to make the Ranger Raptor legal to sell in the U.S. as the model is based on the global Ranger. We have to assume a key part would come from trying to either make the twin-turbo 2.0L diesel legal or finding a possible replacement. But Autoblog notes there is another reason not mentioned by Salenbauch, pricing. Considering the base price of the F-150 Raptor is $52,855, we would guess the Ranger Raptor would be a few thousand dollars less taking into account the various changes that would be needed. For a number of buyers, spending a few extra thousand dollars to get a bigger and badder truck isn't that big of a problem. Plus, Ford is making a nice amount of profit on each Raptor sold - especially considering that Raptors sit on dealer lots for an average of 20 days. Why introduce a competitor that would make less money? That isn't to say Ford isn't taking the Raptor Ranger off the table for the U.S. fully. Autoblog writes that "Salenbauch didn't say the Ranger Raptor would never come here, and he and other Ford executives said they're always listening to feedback and open to new models." Source: Autoblog View full article
  17. Volkswagen was originally planning to roll out the Arteon in the U.S. towards the end of this year. But complications stemming from the European Union's Worldwide Harmonized Light-Duty Vehicles Test Procedure (WLTP) has caused the German automaker to push back the launch to early 2019. Automotive News reports that the first hint of the delay came when Volkswagen cancelled a media drive event in California that was scheduled for next month. A spokesman told the outlet the delay comes down to delays in the certification process caused by a backlog in meeting [new] WLTP worldwide emissions testing." Beginning this month, all new vehicles sold in the European Union must meet the new WLTP emissions parameters. But long delays in testing have meant that automakers only started receiving certification recently. This in turn has meant automakers are under immense pressure to keep an adequate supply of WLTP-compliant vehicles to dealers. The Arteon is one of those models and Volkswagen has made the decision to prioritize production for Europe for the time being. Source: Automotive News (Subscription Required) View full article
  18. Volkswagen was originally planning to roll out the Arteon in the U.S. towards the end of this year. But complications stemming from the European Union's Worldwide Harmonized Light-Duty Vehicles Test Procedure (WLTP) has caused the German automaker to push back the launch to early 2019. Automotive News reports that the first hint of the delay came when Volkswagen cancelled a media drive event in California that was scheduled for next month. A spokesman told the outlet the delay comes down to delays in the certification process caused by a backlog in meeting [new] WLTP worldwide emissions testing." Beginning this month, all new vehicles sold in the European Union must meet the new WLTP emissions parameters. But long delays in testing have meant that automakers only started receiving certification recently. This in turn has meant automakers are under immense pressure to keep an adequate supply of WLTP-compliant vehicles to dealers. The Arteon is one of those models and Volkswagen has made the decision to prioritize production for Europe for the time being. Source: Automotive News (Subscription Required)
  19. Polestar has revealed new details as to how it plans on selling their vehicles in the U.S. As we have previously reported, Polestar will be using an online system for customers to do research, configure, and order their vehicle. They'll also have the choice of either purchasing a vehicle outright or doing a subscription model where insurance and maintenance is covered in the payment. But as Thomas Ingenlath, CEO of Polestar admits in a statement, "many people want to physically see a car before ordering." That's where Polestar Spaces come into play. These will be franchised by dealers and allow customers to check out the cars and learn more from product information specialists - not working on commission. The spaces will also handle servicing of the vehicles, although customers won't need to drop their vehicles off. Using a smartphone app, customers will be able to schedule a pickup for servicing. Once completed, Polestar will drop the vehicle back off. According to Car and Driver, Polestar will open their first space in New York City in late 2019 or early 2020. Nine more spaces will follow: Atlanta, Boston, Chicago, Dallas or Houston, Los Angeles, Miami, San Francisco, Seattle, and Washington, D.C. Source: Car and Driver, Polestar Polestar – the new electric performance brand and a new approach to car ownership for US customers As a new entrant into the electrified automotive industry, Polestar has confirmed its positioning and innovative go-to-market strategy in the important North American car market. As a start-up electric car brand owned by Volvo Car Group, Polestar will offer electric performance cars with a modern, fully digital customer experience. “Launching an entirely new car brand gives us the opportunity to assess what customers enjoy about car ownership, and what they are less keen on,” says Thomas Ingenlath, Chief Executive Officer at Polestar. “As an electric performance brand, we want to maximize our customer’s enjoyment of driving. Polestars will be great looking cars with avant-garde design that are full of modern technology and great to drive. “We also want to remove the hassle from traditional car ownership. The customer will be able to research, configure and order their car online. They can choose our innovative subscription model that enables them to have all their motoring costs covered by one single monthly payment. “We also know that many people want to physically see a car before ordering, so our customers will be able to meet the brand in a franchised Polestar Space. In a town center location, they’ll interact with non-commissioned product experts who are totally focused on enhancing their brand experience and giving them the information they want and need. They will also have pick-up and delivery servicing, meaning that their days of standing in line at service reception are over.” “Polestar is a global brand from day one, operating in the world’s most important car markets – Europe, China and North America. We will therefore be opening Polestar Spaces in major US cities as demand requires them. We are also developing a new Polestar North America organization to meet the demands of this important market,” concludes Thomas Ingenlath. Polestar’s momentum has been building following its launch as the new electric performance brand. The company’s first car, Polestar 1, was revealed in October 2017 as a 600 hp Electric Performance Hybrid, but with the longest pure electric range of any hybrid in the world. The Polestar 1 will start production in mid-2019 at the new Polestar Production Centre, which is nearing completion. The first full year of production has already sold out, with 200 cars currently destined for North American customers. The brand’s second car, Polestar 2, will be the company’s first full battery electric vehicle and is designed to compete with Tesla Model 3. The Polestar 2 will be revealed early in 2019, with production starting a year later.
  20. Polestar has revealed new details as to how it plans on selling their vehicles in the U.S. As we have previously reported, Polestar will be using an online system for customers to do research, configure, and order their vehicle. They'll also have the choice of either purchasing a vehicle outright or doing a subscription model where insurance and maintenance is covered in the payment. But as Thomas Ingenlath, CEO of Polestar admits in a statement, "many people want to physically see a car before ordering." That's where Polestar Spaces come into play. These will be franchised by dealers and allow customers to check out the cars and learn more from product information specialists - not working on commission. The spaces will also handle servicing of the vehicles, although customers won't need to drop their vehicles off. Using a smartphone app, customers will be able to schedule a pickup for servicing. Once completed, Polestar will drop the vehicle back off. According to Car and Driver, Polestar will open their first space in New York City in late 2019 or early 2020. Nine more spaces will follow: Atlanta, Boston, Chicago, Dallas or Houston, Los Angeles, Miami, San Francisco, Seattle, and Washington, D.C. Source: Car and Driver, Polestar Polestar – the new electric performance brand and a new approach to car ownership for US customers As a new entrant into the electrified automotive industry, Polestar has confirmed its positioning and innovative go-to-market strategy in the important North American car market. As a start-up electric car brand owned by Volvo Car Group, Polestar will offer electric performance cars with a modern, fully digital customer experience. “Launching an entirely new car brand gives us the opportunity to assess what customers enjoy about car ownership, and what they are less keen on,” says Thomas Ingenlath, Chief Executive Officer at Polestar. “As an electric performance brand, we want to maximize our customer’s enjoyment of driving. Polestars will be great looking cars with avant-garde design that are full of modern technology and great to drive. “We also want to remove the hassle from traditional car ownership. The customer will be able to research, configure and order their car online. They can choose our innovative subscription model that enables them to have all their motoring costs covered by one single monthly payment. “We also know that many people want to physically see a car before ordering, so our customers will be able to meet the brand in a franchised Polestar Space. In a town center location, they’ll interact with non-commissioned product experts who are totally focused on enhancing their brand experience and giving them the information they want and need. They will also have pick-up and delivery servicing, meaning that their days of standing in line at service reception are over.” “Polestar is a global brand from day one, operating in the world’s most important car markets – Europe, China and North America. We will therefore be opening Polestar Spaces in major US cities as demand requires them. We are also developing a new Polestar North America organization to meet the demands of this important market,” concludes Thomas Ingenlath. Polestar’s momentum has been building following its launch as the new electric performance brand. The company’s first car, Polestar 1, was revealed in October 2017 as a 600 hp Electric Performance Hybrid, but with the longest pure electric range of any hybrid in the world. The Polestar 1 will start production in mid-2019 at the new Polestar Production Centre, which is nearing completion. The first full year of production has already sold out, with 200 cars currently destined for North American customers. The brand’s second car, Polestar 2, will be the company’s first full battery electric vehicle and is designed to compete with Tesla Model 3. The Polestar 2 will be revealed early in 2019, with production starting a year later. View full article
  21. 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
  22. 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
  23. 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
  24. 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
  25. 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

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