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Archive for the ‘industry news’ Category

PostHeaderIcon Geely Wants Lotus To Start Playing With The Big Boys

Geely’s plans for Lotus includes bringing the once-proud British sports car brand back to relevancy. But a new report from Automotive News Europe reveals that the Chinese auto giant now has bigger plans for its new acquisition, specifically increasing its stake in Lotus with a fresh $1.9 billion investment. If Geely’s plans come to fruition, it could up its stake in Lotus from 51 percent to a more significant ownership percentage. Doing so would cut into the shares of Malaysia’s Erika Automotive, which currently owns 49 percent of Lotus.

PostHeaderIcon Ferrari Is Raking in Tons of Money for Each Model it Sells

A recent study conducted by German economics professor Ferdinand Dudenhoffer revealed what a lot of us have known for quite some time: Ferrari is the most profitable brand in the auto industry. The Italian automaker has held that title for a while, including the last six months, when it reported an operating profit of around $80,000 for every new model it sells. Ferrari isn’t the only automaker that is making money for every new model it sells, but its operating profit is head and shoulders above what other brands come away with. In this sense, Maranello is king.

PostHeaderIcon Ferrari Is Raking in Tons of Money for Each Model it Sells

A recent study conducted by German economics professor Ferdinand Dudenhoffer revealed what a lot of us have known for quite some time: Ferrari is the most profitable brand in the auto industry. The Italian automaker has held that title for a while, including the last six months, when it reported an operating profit of around $80,000 for every new model it sells. Ferrari isn’t the only automaker that is making money for every new model it sells, but its operating profit is head and shoulders above what other brands come away with. In this sense, Maranello is king.

PostHeaderIcon Rumors Say that the BMW 3-Series GT Isn’t Long for this World

It looks like the BMW 3-Series GT might not see the light of day in the coming decade. According to BMW Blog, the 3-Series GT will be dropped from BMW’s lineup once the current generation goes out of production in 2020. This is solely because of poor sales figures, and the fact that the widely spread 3-Series has enough on its plate already.

PostHeaderIcon Rumors Say that the BMW 3-Series GT Isn’t Long for this World

It looks like the BMW 3-Series GT might not see the light of day in the coming decade. According to BMW Blog, the 3-Series GT will be dropped from BMW’s lineup once the current generation goes out of production in 2020. This is solely because of poor sales figures, and the fact that the widely spread 3-Series has enough on its plate already.

PostHeaderIcon Replica Motorsport Has The Coolest Mini Lego Engines Ever

Man’s fascination with Lego stems from the insatiable need to build things. Whether it’s a small Lego kit or a 3,599-piece Bugatti Chiron, the act and subsequent gratification that comes from building Lego kits is a big reason the toy line remains as successful as it is today. Some people, like Instagram user Replica Motorsport, even make businesses out of the kits they build. Replica Motorsport’s Lego gig involves recreating some of the auto world’s most beloved engines in miniaturized sizes and then selling them to those interested enough in trying to recreate the build. It’s not something casual Lego builders would be interested in, but for the auto-obsessed lot out there, and there are many, these small engine kits are the perfect embodiment of your Lego fandom.

PostHeaderIcon A New Roof Design Patent Could Pave The Way For Ferrari To Bring Back The Targa

A lot of automakers have been spending a lot of time in patent offices these days. The latest to do so is Ferrari, which has reportedly filed a patent for a new targa top design with the European Patent Office. Pictures of the patent images reveal what you might expect from a Ferrari that’s sporting a targa-style roof. According to Ferrari, the setup involves a coupe body with a rigid roof that’s supported at the front up the upright of the windshield and at the back by a full-width roll bar. The roof, as expected, is completely removable.

PostHeaderIcon Don’t Like Ferrari’s $30,000 Book? Why Not Go For Bentley’s 66-Pound Book

A few days ago, we caught wind of Ferrari’s$30,000 book and engine sculpture offering. If for nothing else, the book was a flex in audacity on the part of the Italian automaker. But as it turns out, Ferrari isn’t the only automaker that’s floating an opus of its own. British automaker Bentley is in on the fun, as well. Its book, called the Bentley Centenary Opus, is a celebration of the company’s 100th anniversary, and while it doesn’t have a price tag yet, it does have its own attention-grabbing quality: it weighs 30 kilos, which converts to around 66 pounds.

Continue reading for the full story.

PostHeaderIcon Would You Spend $30,000 on a Ferrari Book That’s Encased Inside an Engine Sculpture?

There are a lot of things you can buy with $30,000, and in the event you want to spend all of it on one book, you can buy this incredible book dedicated to Ferrari for, you guessed it, $30,000. The unprecedented product is more like a Ferrari opus than an actual book. It features everything you need to know about the Italian automaker, revealing the full story behind one of the world’s most storied and exclusive brands. Only 1,697 books will be created, each priced at $6,000. A handful of these books — the first 250 printed, to be exact — will be offered with a sculptural bookstand that drives the cost up to a staggering $30,000.

PostHeaderIcon Don’t Bother Flipping the Mercedes-AMG Project One If You Don’t Want Merc Getting Mad At You

Mercedes-AMG’s promise to keep sales of the Project One hypercar exclusive is taking shape after reports that prospective buyers will have to sign contracts that include clauses preventing them from flipping their vehicles in the second-hand market immediately. Apparently, Mercedes-AMG is making it crystal clear to people with build slots for the Project One that the practice of flipping won’t be tolerated. It’s a move that other automakers have done in recent years, including Aston Martin and Ford, both of whom included similar clauses to customers of the Valkyrie and GT, respectively.

PostHeaderIcon Audi’s New Patent Could Point Us in The Direction of The SQ3

We’re barely a week into seeing the all-new Audi Q3 in all its glory, and yet here we are, confused and intrigued about what looks to be a sportier derivative of the crossover that has found its way in patent form at the European Union Intellectual Property Office. The patent filing was made by Audi last month, but the design of the crossover doesn’t look like the all-new Q3. Could this be a sportier version of the Q3? Is that you, Audi SQ3?

PostHeaderIcon What Will Happen to Mitsubishi Now That the Man Behind VW and Alfa Romeo Design Is On the Team?

Mitsubishi has been struggling as of late, first killing off the beloved Evo, then replacing it with a line of less-than exciting models that left us with a very profound sense of “meh.” However, recent reports indicate a substantial increase in sales over the first half of 2018, and now the company is taking on a new executive design director. Does this herald the dawn of a new day at the beleaguered automaker?

Continue reading for the full story.

PostHeaderIcon You Can Still Get Manual M Cars Because of the BMW M2, At Least Until Autonomy Kills Them

Automatic transmissions have taken over the world. Period. There are so many cars that are now sold as automatics-only that we are in a time where manual cars are a niche. The same applies to BMW M, except that there is a blessing in disguise that has kept stick-shifting alive – the M2. How, you ask?

PostHeaderIcon Sergio Marchionne, Savior of Chrysler, Has Passed Away at 66

Sergio Marchionne, the man who saved Chrysler from going belly up during the 2009 recession, has passed away at the age of 66. He was recently admitted to the hospital for routine should surgery but took a turn for the worst shortly thereafter. Reports came in early in the week that he had been placed on life support without expectation of recovering. He passed away shortly thereafter, leaving behind two sons and a legacy of hard work and dedication that can never be forgotten.

“Unfortunately, what we feared has come to pass. Sergio Marchionne, man, and friend is gone,” John Elkann, chairman of FCA, said in a statement.

Those are grim words, no doubt. Earlier in the week, FCA, Ferrari, and CNH Industrial took steps to replace him and announce that he would be unable to work. Now that he’s gone, it’s important to remember him for what he was – a dedicated worker. Reports show that he worked nearly non-stop. He took over Chrysler with no cash down during the Great Recession of 2009 and managed to turn it around, saving 300,000 jobs in the process. He even initiated the first-ever no-strike pledge with the UAW and brought FCA brands up to par with benefits and pay familiar to only familiar to those working at Toyota and Honda. He made seemingly constant trips between Italy and Detroit.

Ken Lewenza, President of Canadian Auto Workers, met with Marchionne in 2009
and had something very interesting to say:

“He looked like he just got off a 20-hour shift, and he probably had,”

He never seemed to stop, and he requested the same from his executives, and it drove some of them away, but those who stayed grew into positions they didn’t think were possible. And, that’s exactly what it took to keep a brand like FCA afloat in one of the darkest times in U.S. automotive history. With Marchionne laid to eternal rest, it’s up to Mike Manley, the former head of the Jeep Division to keep the company alive and moving at warp speed. Manley took over just this week once it was discovered that Marchionne had taken a turn for the worst. As CEO of Ferrari, he was replaced by John Elkann, former Fiat Chrysler chairman.

At this point, there’s nothing else to say and nothing to speculate. A good, hard-working man has passed away, and our hearts go out to his family and all those that worked so closely with him. May he rest in peace.

PostHeaderIcon Sergio Marchionne Out as FCA and Ferrari CEO After Complications With Surgery

In a dramatic and unexpected turn of events, Fiat Chrysler Automobiles’ expected change in leadership has been accelerated after CEO Sergio Marchionne experienced complications after surgery. The FCA board held an emergency meeting to address the issue. Ultimately, the board decided to start the CEO transition process way ahead of schedule — Marchionne was supposed to step down in 2019 — by naming Jeep boss Mike Manley as the acting CEO.

PostHeaderIcon Detroit Auto Show Organizers Finally Move Show To June, Change of Schedule To Begin in 2020

The Detroit Auto Dealers Association has decided to move the Detroit Auto Show away from the frigid cold of January to the warmer and more welcoming month of June. The decision was made for a number of reasons, but in the end, the organizer has confirmed that beginning in 2020, the Detroit Auto Show, or the North American International Auto Show as it’s formally known, will take place in June.

PostHeaderIcon Tesla Haters Go Crazy Over Model 3 Stockpile

There’s certainly been no shortage of drama in the world of Elon Musk lately. The billionaire CEO of Tesla had a few choice words for a diver involved in the recent Thai cave incident after he criticized Musk’s
plan to use a submarine to rescue the stranded children. Musk eventually apologized, but Tesla’s stock took a plunge all the same. Now, a raft of Tesla haters have revealed a stockpile of freshly minted Model 3’s parked in California, leading to a host of unfounded accusations thrown at the EV producer.

Continue reading for the full story.

PostHeaderIcon Does This Patent Filing Prove That Ferrari is Working on a New Turbocharged Four-Banger?

Is Ferrari developing a forced-induction four-cylinder engine? That seems to be the case after a patent application to the European Patent Office (EPO) surfaced, revealing what looks to be a forced-induction four-banger with an electronically operated turbocharger. Ferrari’s plans for this engine remains unclear, but it could end up being used by Alfa Romeo, Maserati, and maybe even the long-rumored revival of the Dino nameplate. Only time will tell, but the fact that Maranello seems to have taken an interest in a four-cylinder engine suggests that it has plans to do something with it.

PostHeaderIcon I Am Paul Walker Documentary Set To Premiere Next Month

The long-awaited documentary chronicling the life of the late Paul Walker is set to premiere on August 9. The documentary, titled “I Am Paul Walker,” chronicles the life of the late movie star who died in a car crash in November 2013. Fans of Walker have waited a long time to see this documentary, which will feature never-before-seen footage of his daily life, as well as interviews with his family and friends, including his parents and co-stars in the “Fast and Furious” franchise.

PostHeaderIcon PSA Has Picked 15 States for it’s U.S.-Market Comeback Attack

After exiting the U.S. market in 1991, PSA Group is eyeing a strong comeback. Larry Dominique, CEO of PSA Group North America, revealed that the company is seriously looking to re-establish itself in the U.S. again. In fact, the company has already started setting up their corporate office in Georgia, Atlanta. Are they a tad bit late, given how the trade war is picking up heat?

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