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McLaren spends 300 million pounds (415 million euros) a year on new model development. Its latest supercar is the 675LT, which debuted at the Geneva auto show last week.
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Media reports have put Marchionne's 2014 pay from as little as $8 million to $72 million and more. (GLENN TRIEST)
LARRY P. VELLEQUETTE:
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The Cadillac ATS with a turbo 4 cylinder engine: A surprise to drive for one skeptic. (BILL TRUETT)
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The redesigned Mazda Miata MX-5 is nearly as light as the original, yet with a power-to-weight ratio exceeding that of its predecessor.
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As fans of lightweight roadsters know, it’s hard for manufacturers to continually lighten and shrink cars, especially with changing safety and efficiency regulations.
But Mazda’s still fighting the good fight -- and winning. The 2016 Miata MX-5 roadster will tip the scales at just 2,332 pounds.
Mazda said the new MX-5's curb weight would be close to the first generation’s flab, ...
Continue reading "2016 Mazda MX-5 curb weight: 2,332 pounds" »
| Daron Gifford is the partner leading automotive industry strategy consulting at accounting firm and consultancy Plante Moran.|
One of the more advanced technologies used in cars today is the application of radar, lasers or cameras to sense what is happening ahead, allowing the driver, or even the vehicle itself, to react in a proactive way to avoid a potential crash.
It’s this sense of predicting the road ahead that automotive industry leaders are going to have to build into their own thinking. Yes, looking ahead i ...
Continue reading "Why suppliers need to think differently or face extinction" »
| Nick Bunkley reports on Ford for Automotive News.|
Even Ford Motor Co. executives admit being surprised at how fast transaction prices on pickups keep rising.
Not that they’re complaining, of course. Ford execs are more than happy to find somewhere to stash all that money. (Though it could be awkward to show up at the UAW bargaining table in a few months with crumpled $100 bills falling out of their pockets.)
But Ford also knows the pricin ...
Continue reading "Why the F-150 pricing 'gravy train' will eventually slow down" »
| Gabe Nelson covers Silicon Valley for Automotive News.|
Fear often outpaces reality. If any of your friends outside the auto industry have fretted that a computer hacker could take control of a car and plunge it off a bridge, you know what I’m talking about.
I understand this fear. People are used to having their credit card numbers and passwords stolen by hackers, but that’s rarely a matter of life and death.
This is different. It’ ...
Continue reading "Let the car-hacking lawsuits begin" »
| Jim Henry is a special correspondent for Automotive News.|
The Consumer Financial Protection Bureau and its critics on the House Financial Services Committee traded jabs in a tense session last week as CFPB Director Richard Cordray presented the bureau’s semiannual report.
Committee Chairman Jeb Hensarling, R-Texas, used the occasion to advocate again that a bipartisan committee should lead the CFPB, not a single director.
Hensarling repeated the ...
Continue reading "Congressmen get testy with CFPB chief Cordray" »
There’s one last item to address before we close the book on my recent column about General Motors’ latest efforts to reposition Cadillac.
Thanks to central Florida Cadillac dealer Alan Starling, we tested my theory that a good way to obliterate Cadillac’s lingering dinosaur brand image is simply to let people drive the cars.
In a previous column, I mentioned that my brother&rs ...
Continue reading "A test drive converts a Cadillac skeptic" »
Late last week, Fiat Chrysler Automobiles filed its annual report with the Securities and Exchange Commission, setting off a flurry of stories about the compensation of its sweater-clad CEO, Sergio Marchionne.
The numbers, from The Wall Street Journal, Reuters, Bloomberg and others, varied widely: from as little as $8 million to $72 million and more. Yeah, really.
Admittedly, some of Marchionne& ...
Continue reading "Why it's hard to tally Sergio's pay" »
McLaren Automotive CEO Mike Flewitt says the supercar maker doesn’t need an SUV to generate the cash required to keep renewing its range.
Flewitt made the point when asked by reporters at the Geneva auto show last week whether McLaren needs to follow fellow British brands Aston Martin, Bentley and Rolls-Royce into the growing niche for ultra-expensive SUVs.
CEO Andy Palmer said last week t ...
Continue reading "Why McLaren can be profitable without an SUV" »
| Mike Colias covers General Motors for Automotive News.|
General Motors' swift, tidy resolution of Harry Wilson's advance on its board and balance sheet has GM CEO Mary Barra's fingerprints all over it.
By that, I mean it was handled efficiently and inclusively, without raising the temperature or decibel level in the room, by all accounts. And it left the opposing side with nothing but nice things to say.
"She ran an effective and efficient process," ...
Continue reading "Barra's management style signaled in Wilson negotiations" »
Do not hesitate to build that North American vehicle assembly plant, Jaguar Land Rover.
You will be amazed.
Trust me on this one.
I can’t tell you how many times history has repeated itself on this count.
The story always goes like this:
Automaker X wonders whether it has the chops to build vehicles in the U.S., Canada or Mexico.
Automaker X shyly doubts its own sanity.
Automaker X fr ...
Continue reading "Jaguar will discover the magic of U.S. production" »
| Jamie LaReau covers the automotive retail beat for Automotive News.|
When a fictional Russian president says, “I want the Lexus” while reminiscing about copulating with his ex-wife in one, it is either genius product placement or incredibly fortuitous for Toyota’s luxury arm that the writers of Netflix’s hit House of Cards like the brand.
Turns out it was great luck.
“This is totally organic, nothing we placed,” said Maurice Du ...
Continue reading "Lexus gets lucky on House of Cards" »
| Gabe Nelson is a staff reporter for Automotive News.|
For most car companies, a construction delay is an annoyance.
But for Tesla Motors Inc., which is betting the company on a $5 billion “gigafactory” for lithium ion batteries in Nevada, it’s an existential fear.
Tesla needs a steady supply of cheap batteries to launch the mass-market Model 3, which will be the make-or-break moment for Tesla CEO Elon Musk in his quest to take ele ...
Continue reading "Tesla is all smiles on 'gigafactory' progress" »
| Lindsay Chappell is the Mid-South bureau chief in the U.S. for Automotive News.|
France’s Renault brand will eventually return to the U.S. market, I do predict.
Not any time soon, I will concede. But sooner or later.
To be sure, nobody at the Renault-Nissan Alliance has uttered a word publicly to indicate that this is being planned. And Carlos Ghosn, who runs both Nissan and Renault, has plainly stated that it will not happen.
But sooner or later, you have to assume t ...
Continue reading "Why Renault should plan a U.S. return" »
TOKYO -- Can the Chinese succeed where the Koreans and Americans largely have failed: penetrating Japan’s auto market?
BYD Co., the Chinese electric vehicle maker partly owned by Warren Buffett’s Berkshire Hathaway Inc., says it has become the first Chinese automaker to sell vehicles in Japan.
BYD ballyhooed the transaction as a breakthrough for China’s auto industry that crack ...