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Ford has quietly ended production of the C-Max Energi plug-in hybrid and will be ending C-Max Hybrid production sometime next year at their Michigan Assembly Plant in Wayne, MI. "Ford C-Max Energi production has ended," said Dan Jones, Ford's North America Car Communications Manager to Green Car Reports. "We will continue to make C-Max Hybrid [models] at [the] Michigan Assembly Plant until mid-2018." The C-Max Hybrid and Energi were introduced in late 2012 as 2013 model year vehicles to take on the likes of the Toyota Prius. But the two models would be hit with a double whammy. First was a number of complaints and lawsuits from owners saying the real-world fuel economy didn't match up with EPA figures. Ford would revise the numbers for the hybrid twice, while the Energi would only be adjusted once. The second was the decline in sales. In 2013, Ford would sell 35,210 C-Max models. So far in 2017, Ford has only moved 15,512 models. Source: Green Car Reports View full article
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I think this paragraph from Car and Driver has your answer,
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2019 Chevrolet Corvette ZR1 Arrives With 755 Horsepower
William Maley posted an article in Chevrolet
After countless months of speculation, spy photos, and someone leaking out the cover of this month's Car and Driver, Chevrolet has revealed the 2019 Corvette ZR1. This is the maddest Corvette that Chevrolet has ever built. Beginning under the hood, the ZR1 packs an LT5 V8 engine. While carrying the same name as the engine found in the original ZR-1, the new ZR1 skips the dual-overhead cams found in the original LT5. Instead, Corvette engineers took the supercharged 6.2L V8 found in the Z06 and installed a larger Eaton supercharger that pumps in 52 percent more air into the engine. The LT5 also features direct and port fuel injection, upgraded crankshaft, dry sump lubrication, and a 4-inch throttle body (the largest ever fitted to a Corvette). The end result is action with 755 horsepower and 715 pound-feet of torque. Chevrolet is keeping quiet the 0-60 mph time, but did say the ZR1 can reach a top speed of 210 mph. Like the Z06, the ZR1 will be available with the choice of a seven-speed manual or eight-speed automatic. According to a report from Automobile, engineers tried to fit GM's new ten-speed automatic into the ZR1 but couldn't due to packaging issues with the Corvette's architecture. Polarizing is the best way to describe the Corvette ZR1's styling, especially in the front with large air ducts. This is to help maximize cooling with each duct featuring a radiator and intercooler. The front fenders are slightly wider to make space for wider tires. Unlike the previous ZR1 with a window on the hood showing off the supercharger assembly, the new model makes do with a carbon fiber “halo” hood featuring vents and a shaker piece covering the supercharger. The ZR1 shown in the photos provided by Chevrolet features the optional ZTK performance package which comes with an adjustable high-wing kit, front splitter with carbon-fiber end caps, Michelin Pilot Sport Cup 2 tires, and special tuning for the chassis and magnetic ride control system. The large rear wing is said to provide 60 percent more downforce than the Z06 with the optional Z07 package. The standard ZR1 sticks with a fixed, low wing that is said to deliver the highest top speed. Those wanting to stand out further with their ZR1 can order the Sebring Orange Design Package. It includes a Sebring Orange Tintcoat for the exterior, brake calipers finished in orange, rocker panels and splitter featuring orange stripes; orange seatbelts and stitching for the interior; and bronze aluminum trim. The Corvette ZR1 arrives at dealers next spring. No word on pricing, but we wouldn't be shocked if it begins over $100,000. Source: Chevrolet Press Release is on Page 2 2019 CORVETTE ZR1: RETURN OF THE KING The fastest, most powerful production Corvette ever retakes its supercar crown DUBAI — The King is returning, stronger than ever. Chevrolet today introduced the 2019 Corvette ZR1, a supercar that pushes Corvette’s performance legacy with the highest power, greatest track performance and most advanced technology in its production history. “I’ve never driven a Corvette like this before, and nobody else has either, because there’s never been one like this before,” said Mark Reuss, executive vice president, Global Product Development, Purchasing and Supply Chain. “Its unprecedented performance puts all other global supercars on notice that the ZR1 is back.” The Corvette ZR1’s exclusive LT5 supercharged engine, which is rated at an SAE-certified 755 horsepower (563 kW) and 715 lb-ft of torque (969 Nm), is establishing a new benchmark in performance. Further, the ZR1 elevates Corvette’s track capability with two wind tunnel-honed aerodynamics packages, including an available High Wing that provides an estimated 950 pounds of downforce. Most powerful ever The ZR1’s LT5 6.2L V-8 engine advances Corvette’s supercharging legacy, which began with the 2009 sixth-generation ZR1 and continued with the 2015 seventh-generation Z06. The LT5 delivers the highest output ever for a Chevrolet production vehicle, thanks in part to a new, more-efficient intercooled supercharger system that offers 52 percent more displacement than the Z06’s LT4 supercharger. GM’s first dual-fuel-injection system, which employs primary direct injection and supplemental port injection, helps the LT5 achieve its record output. Seven-speed manual and eight-speed paddle-shift automatic transmissions are available with the LT5. It’s the first time an automatic transmission has been offered in a ZR1. Fastest ever The 2019 Corvette ZR1’s aggressive appearance is driven by function, contributing to its distinction as the fastest production Corvette to date. An all-new front fascia is designed to channel air for propulsion-system and drivetrain cooling, with four new radiators bringing the heat-exchanger total to 13. A special carbon-fiber “halo” hood is open in the middle to clear the LT5 engine’s supercharger/intercooler assembly. Additional features, including aero packages with stanchion-mounted wings, help push the ZR1 harder onto the track for more confident handling and faster lap times. Top speed of the ZR1 is over 210 mph. “As the highest-performing Corvette ever, the ZR1’s design supports its capability in every way,” said Kirk Bennion, Exterior Design manager. “The new wings, for example, help generate more downforce without adding drag, enhancing road holding and top speed.” The ZR1 will offer two aero packages: a standard rear Low Wing, which delivers the highest top speed and helps generate up to 70 percent more downforce than the Z06’s base aero package, and an available two-way-adjustable High Wing that offers maximum downforce on the track for the quickest lap times — about 60 percent more downforce than the Z06 with the available Z07 Performance Package. All models also feature a Chevrolet-first, downforce-enhancing front underwing. The adjustable High Wing is part of the new ZTK Performance Package, which also includes a front splitter with carbon-fiber end caps, Michelin Pilot Sport Cup 2 summer-only tires, and specific chassis and Magnetic Ride Control tuning for greater cornering grip. Both of the ZR1’s wings are tied into the chassis, like the Corvette Racing C7.R racecar, for strength and stability. Sebring Orange Design Package The Corvette ZR1 introduced today also debuted a dynamic, available Sebring Orange Design Package. Centered on its Sebring Orange Tintcoat exterior color, the package also includes orange brake calipers, orange rocker and splitter accent stripes, orange seat belts, orange interior stitching and unique, bronze aluminum interior trim. The new design package complements the Corvette ZR1’s tradition of offering maximum performance with refinement and design distinction. The driver-focused, well-appointed cockpit includes standard leather-trimmed seats, with sueded microfiber inserts offered. Heated and vented Napa leather-trimmed seating is also available, as well as a carbon fiber-rimmed steering wheel, competition sport seats, Performance Data Recorder, Bose premium audio system and more. The 2019 Corvette ZR1 goes on sale next spring, poised to take on the world’s best. It’s good to be the King.- 45 comments
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After countless months of speculation, spy photos, and someone leaking out the cover of this month's Car and Driver, Chevrolet has revealed the 2019 Corvette ZR1. This is the maddest Corvette that Chevrolet has ever built. Beginning under the hood, the ZR1 packs an LT5 V8 engine. While carrying the same name as the engine found in the original ZR-1, the new ZR1 skips the dual-overhead cams found in the original LT5. Instead, Corvette engineers took the supercharged 6.2L V8 found in the Z06 and installed a larger Eaton supercharger that pumps in 52 percent more air into the engine. The LT5 also features direct and port fuel injection, upgraded crankshaft, dry sump lubrication, and a 4-inch throttle body (the largest ever fitted to a Corvette). The end result is action with 755 horsepower and 715 pound-feet of torque. Chevrolet is keeping quiet the 0-60 mph time, but did say the ZR1 can reach a top speed of 210 mph. Like the Z06, the ZR1 will be available with the choice of a seven-speed manual or eight-speed automatic. According to a report from Automobile, engineers tried to fit GM's new ten-speed automatic into the ZR1 but couldn't due to packaging issues with the Corvette's architecture. Polarizing is the best way to describe the Corvette ZR1's styling, especially in the front with large air ducts. This is to help maximize cooling with each duct featuring a radiator and intercooler. The front fenders are slightly wider to make space for wider tires. Unlike the previous ZR1 with a window on the hood showing off the supercharger assembly, the new model makes do with a carbon fiber “halo” hood featuring vents and a shaker piece covering the supercharger. The ZR1 shown in the photos provided by Chevrolet features the optional ZTK performance package which comes with an adjustable high-wing kit, front splitter with carbon-fiber end caps, Michelin Pilot Sport Cup 2 tires, and special tuning for the chassis and magnetic ride control system. The large rear wing is said to provide 60 percent more downforce than the Z06 with the optional Z07 package. The standard ZR1 sticks with a fixed, low wing that is said to deliver the highest top speed. Those wanting to stand out further with their ZR1 can order the Sebring Orange Design Package. It includes a Sebring Orange Tintcoat for the exterior, brake calipers finished in orange, rocker panels and splitter featuring orange stripes; orange seatbelts and stitching for the interior; and bronze aluminum trim. The Corvette ZR1 arrives at dealers next spring. No word on pricing, but we wouldn't be shocked if it begins over $100,000. Source: Chevrolet Press Release is on Page 2 2019 CORVETTE ZR1: RETURN OF THE KING The fastest, most powerful production Corvette ever retakes its supercar crown DUBAI — The King is returning, stronger than ever. Chevrolet today introduced the 2019 Corvette ZR1, a supercar that pushes Corvette’s performance legacy with the highest power, greatest track performance and most advanced technology in its production history. “I’ve never driven a Corvette like this before, and nobody else has either, because there’s never been one like this before,” said Mark Reuss, executive vice president, Global Product Development, Purchasing and Supply Chain. “Its unprecedented performance puts all other global supercars on notice that the ZR1 is back.” The Corvette ZR1’s exclusive LT5 supercharged engine, which is rated at an SAE-certified 755 horsepower (563 kW) and 715 lb-ft of torque (969 Nm), is establishing a new benchmark in performance. Further, the ZR1 elevates Corvette’s track capability with two wind tunnel-honed aerodynamics packages, including an available High Wing that provides an estimated 950 pounds of downforce. Most powerful ever The ZR1’s LT5 6.2L V-8 engine advances Corvette’s supercharging legacy, which began with the 2009 sixth-generation ZR1 and continued with the 2015 seventh-generation Z06. The LT5 delivers the highest output ever for a Chevrolet production vehicle, thanks in part to a new, more-efficient intercooled supercharger system that offers 52 percent more displacement than the Z06’s LT4 supercharger. GM’s first dual-fuel-injection system, which employs primary direct injection and supplemental port injection, helps the LT5 achieve its record output. Seven-speed manual and eight-speed paddle-shift automatic transmissions are available with the LT5. It’s the first time an automatic transmission has been offered in a ZR1. Fastest ever The 2019 Corvette ZR1’s aggressive appearance is driven by function, contributing to its distinction as the fastest production Corvette to date. An all-new front fascia is designed to channel air for propulsion-system and drivetrain cooling, with four new radiators bringing the heat-exchanger total to 13. A special carbon-fiber “halo” hood is open in the middle to clear the LT5 engine’s supercharger/intercooler assembly. Additional features, including aero packages with stanchion-mounted wings, help push the ZR1 harder onto the track for more confident handling and faster lap times. Top speed of the ZR1 is over 210 mph. “As the highest-performing Corvette ever, the ZR1’s design supports its capability in every way,” said Kirk Bennion, Exterior Design manager. “The new wings, for example, help generate more downforce without adding drag, enhancing road holding and top speed.” The ZR1 will offer two aero packages: a standard rear Low Wing, which delivers the highest top speed and helps generate up to 70 percent more downforce than the Z06’s base aero package, and an available two-way-adjustable High Wing that offers maximum downforce on the track for the quickest lap times — about 60 percent more downforce than the Z06 with the available Z07 Performance Package. All models also feature a Chevrolet-first, downforce-enhancing front underwing. The adjustable High Wing is part of the new ZTK Performance Package, which also includes a front splitter with carbon-fiber end caps, Michelin Pilot Sport Cup 2 summer-only tires, and specific chassis and Magnetic Ride Control tuning for greater cornering grip. Both of the ZR1’s wings are tied into the chassis, like the Corvette Racing C7.R racecar, for strength and stability. Sebring Orange Design Package The Corvette ZR1 introduced today also debuted a dynamic, available Sebring Orange Design Package. Centered on its Sebring Orange Tintcoat exterior color, the package also includes orange brake calipers, orange rocker and splitter accent stripes, orange seat belts, orange interior stitching and unique, bronze aluminum interior trim. The new design package complements the Corvette ZR1’s tradition of offering maximum performance with refinement and design distinction. The driver-focused, well-appointed cockpit includes standard leather-trimmed seats, with sueded microfiber inserts offered. Heated and vented Napa leather-trimmed seating is also available, as well as a carbon fiber-rimmed steering wheel, competition sport seats, Performance Data Recorder, Bose premium audio system and more. The 2019 Corvette ZR1 goes on sale next spring, poised to take on the world’s best. It’s good to be the King. View full article
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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From the album: 2019 Chevrolet Corvette ZR1
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Industry News: Europeans Fall Under the Spell of Trucks
William Maley replied to William Maley's topic in Industry News
Ford has been selling a small pickup in Europe since the 70's, beginning with badge engineering the Mazda B-Series as the Courier. The Ranger nameplate wouldn't arrive till about 1998.- 16 replies
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Rumorpile: Bentley To Use Porsche Mission E For A New Sedan
William Maley posted an article in Bentley
Bentley appears to have electric vehicles on the brain. Back in September, we reported that the luxury automaker decided to go forward on an electric coupe over a small SUV. It seems there are plans for another electric vehicle. According to a report from Automobile Magazine, Bentley will be working on its own version of the Porsche Mission E codenamed J1. The new model will use the Mission E architecture which is said to have three different power outputs - 402, 536, and 670 horsepower. But there is talk of Porsche working on a monster version producing 936 horsepower and coming with larger batteries. Expect a four-door coupe design and possibly wearing the name of Barnato. There is a wrinkle to this as Audi is said to be working on its own take on the J1 possibly named e-tron GT. Source: Automobile Magazine- 3 comments
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Bentley appears to have electric vehicles on the brain. Back in September, we reported that the luxury automaker decided to go forward on an electric coupe over a small SUV. It seems there are plans for another electric vehicle. According to a report from Automobile Magazine, Bentley will be working on its own version of the Porsche Mission E codenamed J1. The new model will use the Mission E architecture which is said to have three different power outputs - 402, 536, and 670 horsepower. But there is talk of Porsche working on a monster version producing 936 horsepower and coming with larger batteries. Expect a four-door coupe design and possibly wearing the name of Barnato. There is a wrinkle to this as Audi is said to be working on its own take on the J1 possibly named e-tron GT. Source: Automobile Magazine View full article
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Europe is starting to develop a case of pickup truck fever. According to data from JATO Dynamics, 80,300 trucks were sold in Europe in the first half of this year. This pales in comparison to the 1.1 million full-size and 216,194 midsize trucks sold in the U.S. in the same timeframe. But sales in Europe are climbing. LMC Automotive says sales of trucks in Europe are up 19 percent and they predict sales will crest 200,000 next year. Why this steady rise in pickups? According to Automotive News Europe, it comes down to the lack of alternatives and government regulations. "One of the reasons is usage. Previously people used large, body-on-frame SUVs to tow boats or horse trailers. Nowadays, with high regulations and pressure [to move to] small engines with dual-clutch automatic gearboxes, it's not really possible to use SUVs to tow. People with these hobbies need to have a truck," said Renault's product director of pickups, Anton Lysyy. Take for example the Land Rover Defender. When production of this off-road icon ended last year, many buyers switched to the likes of the Ford Ranger as it offered the off-road capability of the Defender. Truck manufacturers have taken notice of this increase in sales and are starting to offer more extras. That includes new infotainment systems, active safety equipment, and a long list of accessories such as hardtops. New manufacturers are wanting to take a slice of this growing market as well. Mercedes-Benz will soon be launching their X-Class, while Renault announced their Alaskan truck (both models based on the Nissan Navara). PSA Group revealed earlier this year that it would be working with Chinese automaker Changan Automobile on developing a new truck that would be sold in China and Europe in 2020. Source: Automotive News Europe (Subscription Required)
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Europe is starting to develop a case of pickup truck fever. According to data from JATO Dynamics, 80,300 trucks were sold in Europe in the first half of this year. This pales in comparison to the 1.1 million full-size and 216,194 midsize trucks sold in the U.S. in the same timeframe. But sales in Europe are climbing. LMC Automotive says sales of trucks in Europe are up 19 percent and they predict sales will crest 200,000 next year. Why this steady rise in pickups? According to Automotive News Europe, it comes down to the lack of alternatives and government regulations. "One of the reasons is usage. Previously people used large, body-on-frame SUVs to tow boats or horse trailers. Nowadays, with high regulations and pressure [to move to] small engines with dual-clutch automatic gearboxes, it's not really possible to use SUVs to tow. People with these hobbies need to have a truck," said Renault's product director of pickups, Anton Lysyy. Take for example the Land Rover Defender. When production of this off-road icon ended last year, many buyers switched to the likes of the Ford Ranger as it offered the off-road capability of the Defender. Truck manufacturers have taken notice of this increase in sales and are starting to offer more extras. That includes new infotainment systems, active safety equipment, and a long list of accessories such as hardtops. New manufacturers are wanting to take a slice of this growing market as well. Mercedes-Benz will soon be launching their X-Class, while Renault announced their Alaskan truck (both models based on the Nissan Navara). PSA Group revealed earlier this year that it would be working with Chinese automaker Changan Automobile on developing a new truck that would be sold in China and Europe in 2020. Source: Automotive News Europe (Subscription Required) View full article
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Ford To Build Electric Vehicles in China As Part of A New Venture
William Maley posted an article in Ford
Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.-
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Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry. View full article
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A self-driving shuttle service got off to an auspicious start yesterday in Las Vegas when it was involved in an accident with a delivery truck. According to NBC affiliate KSNV, the accident took place during the shuttle's first hour of service when a delivery truck back into the shuttle. According to an AAA representative on Twitter, the driver was cited by Las Vegas Metro Police. "The autonomous shuttle was testing today when it was grazed by a delivery truck downtown. The shuttle did what it was supposed to do, in that it’s sensors registered the truck and the shuttle stopped to avoid the accident. Unfortunately, the delivery truck did not stop and grazed the front fender of the shuttle. Had the truck had the same sensing equipment that the shuttle has the accident would have been avoided," a representative of the City of Las Vegas said in a statement. The shuttle in question comes from Navya, a French company that specializes in self-driving technology. It features lidar, radar, and video cameras around the vehicle and is powered by an electric motor. The shuttle is part of a year-long study by Navya, AAA, shuttle operator Keolis North America, City of Las Vegas, and the Regional Transportation Commission of Southern Nevada to see how the shuttle fares on public roads and whether or not riders are accepting of it. Source: KSNV, Car and Driver, (2) Pic Credit: KSNV
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A self-driving shuttle service got off to an auspicious start yesterday in Las Vegas when it was involved in an accident with a delivery truck. According to NBC affiliate KSNV, the accident took place during the shuttle's first hour of service when a delivery truck back into the shuttle. According to an AAA representative on Twitter, the driver was cited by Las Vegas Metro Police. "The autonomous shuttle was testing today when it was grazed by a delivery truck downtown. The shuttle did what it was supposed to do, in that it’s sensors registered the truck and the shuttle stopped to avoid the accident. Unfortunately, the delivery truck did not stop and grazed the front fender of the shuttle. Had the truck had the same sensing equipment that the shuttle has the accident would have been avoided," a representative of the City of Las Vegas said in a statement. The shuttle in question comes from Navya, a French company that specializes in self-driving technology. It features lidar, radar, and video cameras around the vehicle and is powered by an electric motor. The shuttle is part of a year-long study by Navya, AAA, shuttle operator Keolis North America, City of Las Vegas, and the Regional Transportation Commission of Southern Nevada to see how the shuttle fares on public roads and whether or not riders are accepting of it. Source: KSNV, Car and Driver, (2) Pic Credit: KSNV View full article
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PSA Group Unveils Turnaround Blueprint for Opel and Vauxhall
William Maley posted an article in Opel/Vauxhall
Ever since PSA Group took ownership of Opel and Vauxhall back in spring, many were wondering what the French automaker had in store. Today at a press conference at Opel's headquarters, Opel CEO Michael Lohscheller unveiled the turnaround called PACE. Here is a summary of PACE, Return Opel and Vauxhall to profit by 2020 Lowering costs on each car built by €700 (about $813) Committed to keeping Vauxhall as a brand for Great Britain Entering 20 new markets by 2022, with Brazil and China topping the list Accelerating the transition from General Motors to PSA Group platforms (originally was planned to finish by 2027, now plan to finish by 2024). This will reduce the number of platforms Opel/Vauxhall use from nine to two. Powertrain families will also decrease from ten to four Nine new models by 2020. This begins with a new Combo van next year and Corsa subcompact in 2019 Launching four electrified models by 2020, with an electrified option being available for each model by 2024 According to Lohscheller, the existing product strategy would not meet the upcoming CO2 targets coming into effect. Thus the decision was made to move up plans for electrification Opel's technical center in Ruesselsheim will engineer all-new Opel/Vauxhall vehicles to have them stand out from their Citroen/DS/Peugeot brethren Ruesselheim will also become a global competence center for PSA, building up expertise in various areas such as autonomous driving and fuel cells Pledging to avoid closing down factories or forced layoffs "The necessary and sustainable reduction of labour costs shall be reached with thoughtful measures such as innovative working time concepts, voluntary programs or early retirement schemes,” the company said in a statement. “PACE! will unleash our full potential. This plan is paramount for the company, to protect our employees against headwinds and turn Opel/Vauxhall into a sustainable, profitable, electrified, and global company. Our future will be secured and we will contribute with German excellence to the Groupe PSA development. The implementation has already started with all teams eager to achieve the objectives,” said Lohscheller in a statement. But will it be enough? As Reuters noted, shares in PSA Group dropped 2.2 percent to €19.68 (about $22.65) after Carlos Tavares said Opel's financial health has been getting worse as PACE! was being drawn up. “The situation gets worse by the day,” Travares said, without going into detail. Source: Autocar, Car, Reuters, Opel Press Release is on Page 2 Opel/Vauxhall Go Profitable, Electric and Global with PACE! Return to profitability by 2020: 2% automotive recurring operating margin, positive operational free cash flow[1] Lower financial break-even point to 800,000 vehicles Electrification and CO2 leadership: All passenger carlines to be electrified by 2024 Improve efficiency towards benchmark levels for manufacturing and logistics cost as well as for wage cost/revenue-ratio Intention to maintain and modernise all plants and to refrain from forced redundancies R&D centre in Rüsselsheim to become a global competence centre for Groupe PSA Enlarge commercial scope: Leverage Opel brand for overseas export opportunities and foster growth of Opel/Vauxhall LCV business PACE! execution to immediately unleash Opel/Vauxhall performance and pave the way to a sustainable future Rüsselsheim. Michael Lohscheller, CEO of Opel Automobile GmbH, today announced the strategic plan PACE! to restore financial fundamentals and enhance sustainable competitiveness and growth. All PACE! initiatives will contribute to the goals of generating a positive operational free cash flow as well as a recurring operating margin for the auto division of 2% in a first phase by 2020 and of 6% by 2026. Combining strengths will unleash annual synergies on Groupe PSA level of €1.1 billion by 2020 and €1.7 billion by 2026. All actions will contribute to a lower financial break-even point for Opel/Vauxhall of 800,000 vehicles, creating a profitable business model whatever the headwinds may be. Having full access to Groupe PSA technologies, Opel/Vauxhall will become a European CO2 leader. By 2024, all European passenger carlines will be electrified – offering a pure battery electric propulsion or plug-in hybrid version alongside efficient internal combustion engines. By 2020, Opel/Vauxhall will have four electrified carlines on the market, including the Grandland X PHEV and the next generation Corsa as a fully electric vehicle. The company will enhance its competitiveness by 2020 e.g. by reducing costs by €700 per car. Efficiency of marketing expenses will be improved by more than 10%. Overall efficiencies will be increased by reducing complexity across all functions with a ratio G&A/revenue moving from 5.6% to 4.7% and an objective to bring the company towards industry benchmark in terms of wage cost/revenue ratio. Optimising R&D and CapEx at 7-8% of automotive revenue, manufacturing and administration processes by 2020 and releasing working capital of €1.2 billion by 2022 will also contribute to seizing synergies. Improved competitiveness of the manufacturing plants will lead to new vehicle allocations that will provide a better utilisation rate for the next decade. The two Groupe PSA platforms CMP and EMP2 will be localised in all Opel/Vauxhall plants. To start with, an EMP2-based SUV is planned for Eisenach in 2019; and an EMP2-based D-segment vehicle is coming to Rüsselsheim. The allocation of new powertrains in Opel/Vauxhall manufacturing sites will accompany the shift from GM to Groupe PSA engines and transmissions. “PACE! will unleash our full potential. This plan is paramount for the company, to protect our employees against headwinds and turn Opel/Vauxhall into a sustainable, profitable, electrified, and global company. Our future will be secured and we will contribute with German excellence to the Groupe PSA development. The implementation has already started with all teams eager to achieve the objectives,” said Opel CEO Michael Lohscheller. The plan is designed with the clear intention to maintain all plants and refrain from forced redundancies in Europe. The necessary and sustainable reduction of labour costs shall be reached with thoughtful measures such as innovative working time concepts, voluntary programs or early retirement schemes. All new Opel/Vauxhall vehicles will be engineered in Rüsselsheim, which will be transformed into a global competence centre for the whole Groupe PSA. First areas of expertise are identified, e.g. fuel cells, certain automated driving technologies and driver assistance developments. This will further guarantee German engineering quality and affordable innovations. Altogether, the number of platforms Opel/Vauxhall uses for its passenger cars will be reduced from currently 9 to 2 by 2024. Furthermore, the powertrain families will be optimised from currently 10 to 4. “Aligning architecture and powertrain families will substantially reduce development and production complexity, thus allowing scale effects and synergies, contributing to overall profitability,” said Lohscheller. Opel/Vauxhall will switch to efficient and flexible Groupe PSA vehicle architectures faster than originally expected. From 2024 onwards, all Opel/Vauxhall passenger car models will be based on joint Groupe PSA architectures. Next to come are the Combo in 2018 and the next generation of the bestselling Corsa in 2019. This course will be steadily continued with one major launch per year. Counting every body style, Opel/Vauxhall will launch 9 new models by 2020. This line-up will enable to increase the pricing power of Opel/Vauxhall brands and reduce the gap against benchmark by four points. Sales growth of the further profiled and strengthened Opel/Vauxhall brands will be supported by initiatives like the start of even more attractive financial offerings as well as full service leasing offers via the Financial Services of Opel and Vauxhall. Furthermore, Opel will enter more than 20 new export markets by 2022. Beyond that, Opel will explore global midterm overseas profitable export opportunities. To foster growth in the financially attractive light commercial vehicle (LCV) business, Opel/Vauxhall will launch new models and enter new markets with the clear goal to increase its LCV sales by 25% by 2020 against 2017. “PACE! has been designed by Opel/Vauxhall for the benefit of our employees as an immediate performance booster,” said Lohscheller.