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Found 10 results

  1. When Polestar announced their first model, the 1, they said it would be available through a subscription for either two or three years. But it seems that you might be able to buy one outright if you have the cash. "I think it would be very difficult to me to turn around to a customer who walks in with a 'hundred-and-x thousand dollars' and says, 'I want to buy one.' I think I'm not particularly convinced that I'll be turning them away and saying, 'Absolutely not, sir or madam. You have to have it on subscription.' I think subscription is going to be a key part of it," said Jonathan Goodman, chief operating officer of Polestar to Roadshow. "I can't see us being a hundred-percent subscription, but that'll be the main offer we go through. If someone wants to buy a car, we need to look at the possibility of doing that, as well." If one was to buy a Polestar 1, how much would they be looking at? A statement from World Media Wire (marketing agency working with Polestar) said, "The target retail price of the Polestar 1, if purchased outright, is 1.3M SEK (130k Euro)." So we're looking at a price tag of $153,000. Source: Roadshow
  2. Jaguar Land Rover has been on a bit of a roll ever since being taken in by Indian company Tata Group. But the British automaker is considering possibly acquiring another brand. Various sources have told Bloomberg that internal discussions have been taking place about buying up another brand, specifically one that fits in with their current lineup. Senior officials at Tata believe Jaguar Land Rover "needs to bulk up to stay competitive, and the Indian conglomerate is willing to provide financial support for potential acquisitions if needed, one of the people said." Jaguar Land Rover play a significant role in Tata Group's revenues. According to Bloomberg data, 78 percent of Tata's revenue comes from the luxury brands. It is unclear which brands could be under consideration for JLR. Bloomberg does mention Alfa Romeo and Maserati, which was rumored to be possibly spun off from FCA. The report also notes that JLR is considering purchasing tech companies that would boost their efforts on autonomous vehicles and electric powertrains. Source: Bloomberg
  3. The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom. According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers, with almost half living in the suburbs. They're upsizing their vehicles as well to go with their new home. Large SUV sales jumped 11 percent in first half of this year according to Ford Motor Co. Midsize SUVs rose 9 percent and small SUVs jumped 4 percent in the same timeframe. “We do see that demographic group driving larger sport utility sales as they acquire homes, create families and gain some wealth,” said Michelle Krebs, an analyst at car-shopping website Autotrader. “They started with compact sport utilities and now, with families, they’re moving up.” Expect more millennials to follow suit. LMC Automotive estimates that sales of large SUVs will rise 25 percent between now and 2025. “There’s no question people are waiting longer, but people still want to have children. As long as people have children and those children grow and acquire friendships, it requires more space,” said Erich Merkle, Ford’s U.S. sales analyst. Currently, the largest group of buyers for midsize and large SUVs are Gen Xers, but millennials are expected to eclipse them due to there being a large number of them - about 80 million. “There’s going to be an extra 25 million people passing into and through the 35- to 44-year-old demographic over the next 10 to 15 years,” Merkle said. “That’s going to lead to a gradual increase in the growth of large and midsize SUVs that’s already starting to happen.” Source: Bloomberg
  4. Ever since the rumor of a Chinese automaker possibly buying Fiat Chrysler Automobiles came to light last week, the various Chinese brands have been saying 'not us'. It seemed no one was interested in taking FCA to the dance, or wanted to admit it out loud. That changed today as Great Wall Motor revealed to Automotive News that it was interested in buying FCA, well part of it. Great Wall President Wang Fengying wrote in an email to Automotive News that the company is intending to buy Jeep and is "connecting with FCA" to possibly begin negotiations. Xu Hui, a spokesman for Great Wall said in a follow-up email that the company "has indirectly expressed interest in Jeep but has not yet made a formal offer or met with FCA's board." A statement from FCA says that it has not been contacted by Great Wall about Jeep or any other business matter. It doesn't come as a big surprise that Great Wall is only interested Jeep. The brand is seen by many as being the crown jewel of FCA due to its reputation of being a go-anywhere SUV. Analysts believe the brand on its own is worth more than FCA as a whole. Morgan Stanley analyst Adam Jonas estimated last week that Jeep has a value of $33.5 billion vs. the $32 billion for FCA. If Great Wall was to purchase Jeep, what would they do with it? "Our strategic goal is to become the world's largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better" than Great Wall could do with its own brands, said Hui. Great Wall has an r&d center in Los Angeles and has just set up another one in Detroit this year to learn more about the U.S. market. The big question is will FCA be willing to part with Jeep or require Great Wall to buy most of FCA. Source: Automotive News (Subscription Required)
  5. This morning on MSN / MotorTrend they had the story "15 optional enginese worth buying"! http://editorial.autos.msn.com/15-optional-engines-worth-buying?icid=autos_5982 The end result was the following list: Audi A6 - Upgrade to the TDI V6 Buick Regal - Upgrade to the Turbo I4 {they state this is German Entry Lux alternative worth the money} Ford Fiesta - Upgrade to Ecoboost Turbo I3 Jaguar F-Type - Upgrade to Supercharged V8 from Supercharged V6 Kia Optima - Upgrade to Turbo I4 Subaru Impreza - Upgrade to WRX VW Golf - Upgrade to the GTI Jeep Grand Cherokee - Upgrade to 3L EcoDiesel V6 over regular V6 Mazda CX-5 - Upgrade to Skyactiv 2.5L I4 Lexus IS 250 - Upgrade to 350 Ford F-150 - Upgrade base to 2.7L EcoBoost V6 option Ram 1500 - Upgrade base engine to 3L EcoDiesel V6 Dodge Challenger SRT - Upgrade to Hellcat as cost is only $63 per pony. Cheap MB SL63 AMG - Upgrade to SL65 Chevy Camero SS - Upgrade to Z28 or LT1 So with this list of optional engine upgrades that they feel you should do, I felt it was a great conversation to have here as there are plenty of other auto's not mentioned here that have optional engines that should be done also. Sound off on what auto's you feel should be had with the optional engines!
  6. When Polestar announced their first model, the 1, they said it would be available through a subscription for either two or three years. But it seems that you might be able to buy one outright if you have the cash. "I think it would be very difficult to me to turn around to a customer who walks in with a 'hundred-and-x thousand dollars' and says, 'I want to buy one.' I think I'm not particularly convinced that I'll be turning them away and saying, 'Absolutely not, sir or madam. You have to have it on subscription.' I think subscription is going to be a key part of it," said Jonathan Goodman, chief operating officer of Polestar to Roadshow. "I can't see us being a hundred-percent subscription, but that'll be the main offer we go through. If someone wants to buy a car, we need to look at the possibility of doing that, as well." If one was to buy a Polestar 1, how much would they be looking at? A statement from World Media Wire (marketing agency working with Polestar) said, "The target retail price of the Polestar 1, if purchased outright, is 1.3M SEK (130k Euro)." So we're looking at a price tag of $153,000. Source: Roadshow View full article
  7. The past few years have been tiring if you happen to be a millennial. There has been countless articles talking about how this group are not buying houses or vehicles. Of course, the reason is that millennials don't have the money (saddled with more debt, having entry-level salaries, etc). But that is changing. According to a report from Bloomberg, millennials are beginning to head out to the suburbs, and purchasing houses and cars. The reason? They're having their baby boom. According to data from the Zillow Group, Americans aged from 18 to 34 have become the largest group of home buyers, with almost half living in the suburbs. They're upsizing their vehicles as well to go with their new home. Large SUV sales jumped 11 percent in first half of this year according to Ford Motor Co. Midsize SUVs rose 9 percent and small SUVs jumped 4 percent in the same timeframe. “We do see that demographic group driving larger sport utility sales as they acquire homes, create families and gain some wealth,” said Michelle Krebs, an analyst at car-shopping website Autotrader. “They started with compact sport utilities and now, with families, they’re moving up.” Expect more millennials to follow suit. LMC Automotive estimates that sales of large SUVs will rise 25 percent between now and 2025. “There’s no question people are waiting longer, but people still want to have children. As long as people have children and those children grow and acquire friendships, it requires more space,” said Erich Merkle, Ford’s U.S. sales analyst. Currently, the largest group of buyers for midsize and large SUVs are Gen Xers, but millennials are expected to eclipse them due to there being a large number of them - about 80 million. “There’s going to be an extra 25 million people passing into and through the 35- to 44-year-old demographic over the next 10 to 15 years,” Merkle said. “That’s going to lead to a gradual increase in the growth of large and midsize SUVs that’s already starting to happen.” Source: Bloomberg View full article
  8. Ever since the rumor of a Chinese automaker possibly buying Fiat Chrysler Automobiles came to light last week, the various Chinese brands have been saying 'not us'. It seemed no one was interested in taking FCA to the dance, or wanted to admit it out loud. That changed today as Great Wall Motor revealed to Automotive News that it was interested in buying FCA, well part of it. Great Wall President Wang Fengying wrote in an email to Automotive News that the company is intending to buy Jeep and is "connecting with FCA" to possibly begin negotiations. Xu Hui, a spokesman for Great Wall said in a follow-up email that the company "has indirectly expressed interest in Jeep but has not yet made a formal offer or met with FCA's board." A statement from FCA says that it has not been contacted by Great Wall about Jeep or any other business matter. It doesn't come as a big surprise that Great Wall is only interested Jeep. The brand is seen by many as being the crown jewel of FCA due to its reputation of being a go-anywhere SUV. Analysts believe the brand on its own is worth more than FCA as a whole. Morgan Stanley analyst Adam Jonas estimated last week that Jeep has a value of $33.5 billion vs. the $32 billion for FCA. If Great Wall was to purchase Jeep, what would they do with it? "Our strategic goal is to become the world's largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better" than Great Wall could do with its own brands, said Hui. Great Wall has an r&d center in Los Angeles and has just set up another one in Detroit this year to learn more about the U.S. market. The big question is will FCA be willing to part with Jeep or require Great Wall to buy most of FCA. Source: Automotive News (Subscription Required) View full article
  9. Jaguar Land Rover has been on a bit of a roll ever since being taken in by Indian company Tata Group. But the British automaker is considering possibly acquiring another brand. Various sources have told Bloomberg that internal discussions have been taking place about buying up another brand, specifically one that fits in with their current lineup. Senior officials at Tata believe Jaguar Land Rover "needs to bulk up to stay competitive, and the Indian conglomerate is willing to provide financial support for potential acquisitions if needed, one of the people said." Jaguar Land Rover play a significant role in Tata Group's revenues. According to Bloomberg data, 78 percent of Tata's revenue comes from the luxury brands. It is unclear which brands could be under consideration for JLR. Bloomberg does mention Alfa Romeo and Maserati, which was rumored to be possibly spun off from FCA. The report also notes that JLR is considering purchasing tech companies that would boost their efforts on autonomous vehicles and electric powertrains. Source: Bloomberg View full article
  10. G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com EV Group Buying, Is it the Right Thing to do from a State / Federal Level? Washington, Colorado, Florida, Tennessee all have instituted Group buying programs of EVs to push the cost of the EV auto down significantly. Per an editorial on Green Car Reports about this very same thing the quote the following: "The Colorado counties of Boulder, Adams, and Denver cut the price of a 2015 Nissan Leaf S for residents by $8,349. Combined with Federal and state incentives, that effectively reduced the price of this model from $29,860 (including destination) to less than $13,000." Dealerships saw sales jump 10 fold in response to the heavy discounts. FCA took a different approach with leasing in Bulk in the state of california the Fiat 500e according to another story. With state and federal discounts, this reduced the monthly lease payment to $82.75 a month for 10,000 miles and only $1000 down. If you own a non FCA auto you get a $1000 credit so ZERO cost to get into a leased 500e compliance auto according to FCA for the state of California. The 500e per FCA is a true compliance auto allowing them to continue to sell in the state till newer auto's with better MPG and no emissions are available. So with these amazing deals, thousands are jumping on the EV bandwagon. The Question that started this off is, should the states and Feds drive incentives to push this change over to EV's? Should group buying become the norm so as to drive the selling of EVs? The west coast is already more electrified than any other place in the nation. Should the taxpayers fund this conversion to EV auto's or should market forces be allowed to drive what people drive? Sounds Off.
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