Month: November 2019

DETROIT – Fiat Chrysler Automobiles and the UAW reached a tentative agreement on a four-year labor contract covering wages, benefits and job security for 47,200 workers, the union and company said Saturday. The UAW did not immediately provide details of the deal but it’s expected to follow the framework set by contracts the union has ratified
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Many in the automotive industry are talking about the need to consolidate to overcome the challenges of emissions regulations and autonomous cars, but Carlos Tavares is doing something about it. In 2017, PSA acquired Opel/Vauxhall from General Motors and within 18 months the money-losing German/British brands were recording 5 percent operating margins. This year, Tavares
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The arrival of Tesla Inc.’s latest attempt at automotive disruption — a high-performance cargo hauler called the Cybertruck — left Wall Street analysts befuddled and its would-be pickup competitors snickering. CEO Elon Musk had trumpeted the electric pickup for years, promising futuristic Blade Runner-inspired looks and specs that top offerings from the Detroit 3. The
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Lamborghini this week unveiled a new concept car. It’s a single-seater packing a hybrid V-12 powertrain, and we wouldn’t be surprised if it delivers Formula One-rivaling performance. 2021 Volkswagen ID 4 (Crozz) spy shots – Photo credit: S. Baldauf/SB-Medien One of the upcoming vehicles we spied this week was Volkswagen’s Tesla Model Y fighter, the
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The all-new mid-engine C8 Corvette’s impressive $59,995 starting price is only good for the first year, as we reported back in August, and unless it goes up by $20,000, Chevrolet will continue to lose money on low-trim cars, a senior GM source tells MotorTrend. We had a feeling the $59,995 starting price was too good
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The 2020 X3 offers thrilling performance in top trims, but even the base car is noteworthy.  Starting from an average score of 5, the 2020 X3 gets points above average for a good ride and powertrains that range from very good to excellent. It’s an 8 out of 10.  The base engine is a 248-hp
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DETROIT — Perched at the top of McLaren Automotive’s product lineup is the Ultimate Series, an elite group of hypercars built in scarce production runs with prices that start in the high six figures. That’s far out of reach for most of the North American vehicle market, but McLaren is expanding the segment rapidly —
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PARIS — Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance CEO Carlos Ghosn. Renault is trying to repair relations with its Japanese partners after they were shaken by Ghosn’s arrest in Tokyo a year
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PARIS/BEIJING — PSA Group and Chongqing Changan Automotive are preparing to sell their stakes in a Chinese joint venture that builds cars for PSA’s DS upscale brand. PSA is looking to sell out of the venture, a spokesman said on Thursday. The company said it plans to continue sell DS cars in China, without giving
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The 2020 Lexus IS is polished and poised, but ultimately short on compelling qualities. The 2020 Lexus IS was once a gym rat, but its consistent routine means its predominantly European competition has bypassed this once-compelling four-door compact sedan. The allure of a decent value and the option of a strong, smooth V-6 engine don’t
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Cue the Benny Hill music. The amusing story of the week, month and probably year comes from Russia and it involves a BMW X6 engulfed in flames and a sewage truck that might have wanted to join the fire department during its younger years. Now, we’ll go into specifics in a moment, after catching our
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LOS ANGELES — Alfa Romeo, battling a 27 percent U.S. sales decline this year, admitted to “shortcomings” in its U.S. product lineup and promised the 2020 model-year versions of the Giulia midsize sedan and Stelvio compact crossover will begin to fix them. Bob Broderdorf, director of Alfa Romeo North America, told an audience of media
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DETROIT — Since taking the CEO job at Adient in October 2018, Doug DelGrosso has been operating as a kind of field surgeon — cutting away situations of the past that left the seating giant with billions in losses, applying a tourniquet to its bleeding business units and ultimately asking the company’s employees to endure
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Editor’s note: The first name of Doug Ostermann, FCA’s business development chief, was incorrect in an earlier version of this story. TURIN — PSA Group and Fiat Chrysler Automobiles will continue to operate as competitors until their planned $50 billion merger gets approval by the various antitrust authorities around the world, a process that could take
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