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William Maley

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Everything posted by William Maley

  1. The appetite Americans have for crossovers is quite large and automakers are trying their best to appease this. Acura for its part is looking at whether it should bring the subcompact CDX crossover to the U.S. Introduced for Chinese market last year, the CDX is underpinned by the same platform as the Honda HR-V. Power comes from a 1.5L turbo-four from the Civic and an eight-speed DCT. “It’s a model that interests a lot of our people, so we have our R&D guys looking into the possibility,” said Jon Ikeda, group vice president for Acura to Wards Auto. For Acura to bring the CDX over to the U.S., they would need to make a number of changes for the vehicle to meet the various regulations here. Ikeda also revealed the brand is looking into derivatives of existing models to build up its crossover lineup. A possibility is a larger CUV with a more spacious third-row. But Ikeda does say Acura "needs to be mindful of its performance and luxury direction." “There are many, many things we could do with derivatives of our vehicles. I’m never going to say never…(but) we have to be smart with how we approach it.” Source: Wards Auto
  2. The appetite Americans have for crossovers is quite large and automakers are trying their best to appease this. Acura for its part is looking at whether it should bring the subcompact CDX crossover to the U.S. Introduced for Chinese market last year, the CDX is underpinned by the same platform as the Honda HR-V. Power comes from a 1.5L turbo-four from the Civic and an eight-speed DCT. “It’s a model that interests a lot of our people, so we have our R&D guys looking into the possibility,” said Jon Ikeda, group vice president for Acura to Wards Auto. For Acura to bring the CDX over to the U.S., they would need to make a number of changes for the vehicle to meet the various regulations here. Ikeda also revealed the brand is looking into derivatives of existing models to build up its crossover lineup. A possibility is a larger CUV with a more spacious third-row. But Ikeda does say Acura "needs to be mindful of its performance and luxury direction." “There are many, many things we could do with derivatives of our vehicles. I’m never going to say never…(but) we have to be smart with how we approach it.” Source: Wards Auto View full article
  3. Daily: 2003-2004 Infiniti M45 (Not in silver) Utility: Early 2000s Jeep Grand Cherokee Cruiser: Lexus LS430 Fun Car: Dodge Neon SRT-4
  4. Chinese automakers see the U.S. as a land opportunity and have been making promises to start selling vehicles in the near future. None so far have made it. Now one Chinese brand is reconsidering their plans. SAIC Motor Corp., China's largest automaker and partner with GM, has put their U.S. ambitions on hold. Michael Yang, executive director of SAIC Motor’s international department said at a briefing that they have uncertainties about the trade policy between China and the U.S. due to the election of Donald Trump. Yang went on to say that the company would implement their U.S. strategy once it has gotten clarity. For the time being, SAIC has moved up plans to start selling vehicles in the European Union. “Eventually we aim to have all, but at the moment we are focusing on” China and then Europe, Yang said. “The reason is the ‘climate change’ after the new presidency.” This contrasts with another Chinese automaker, Guangzhou Automobile Group Co., (GAC) which plans on entering the U.S. by 2019 with their Trumpchi brand. Although there is talk that GAC is considering changing the name of the brand before arriving in the U.S. Source: Automotive News (Subscription Required) View full article
  5. Chinese automakers see the U.S. as a land opportunity and have been making promises to start selling vehicles in the near future. None so far have made it. Now one Chinese brand is reconsidering their plans. SAIC Motor Corp., China's largest automaker and partner with GM, has put their U.S. ambitions on hold. Michael Yang, executive director of SAIC Motor’s international department said at a briefing that they have uncertainties about the trade policy between China and the U.S. due to the election of Donald Trump. Yang went on to say that the company would implement their U.S. strategy once it has gotten clarity. For the time being, SAIC has moved up plans to start selling vehicles in the European Union. “Eventually we aim to have all, but at the moment we are focusing on” China and then Europe, Yang said. “The reason is the ‘climate change’ after the new presidency.” This contrasts with another Chinese automaker, Guangzhou Automobile Group Co., (GAC) which plans on entering the U.S. by 2019 with their Trumpchi brand. Although there is talk that GAC is considering changing the name of the brand before arriving in the U.S. Source: Automotive News (Subscription Required)
  6. Fiat Chrysler Automobiles' CEO Sergio Marchionne has a track record of saying things that make jaws drop everywhere. Case in point comes to us from The Detroit Free Press. During the company's first-quarter earnings call, Morgan Stanley analyst Adam Jonas asked Marchionne if there was a possibility of spinning off Jeep and/or Ram Trucks into a separate, standalone company. "Yes," said Marchionne. The Free Press notes that Jonas dropped this subject and moved on to another question. It needs to be noted that this isn't the first time that Jonas has brought this idea up. Back in January, Jonas estimated Jeep's value on a standalone basis would be $22 billion. Ram Trucks isn't far behind with an estimated value of $11.2 billion. There is also precedent for this idea. Marchionne has a history of spinning off brands while keeping them under the FCA corporate umbrella. Last year, Ferrari was spun off to its own standalone company and now trades on the New York Stock Exchange. It currently generates more than $3.4 billion in annual revenue and close to $435 million in net income. Marchionne serves as the chairman and CEO of the company. But if such a move was to happen, it would take a fair amount of time for this changeover to take place. Source: Detroit Free Press View full article
  7. Fiat Chrysler Automobiles' CEO Sergio Marchionne has a track record of saying things that make jaws drop everywhere. Case in point comes to us from The Detroit Free Press. During the company's first-quarter earnings call, Morgan Stanley analyst Adam Jonas asked Marchionne if there was a possibility of spinning off Jeep and/or Ram Trucks into a separate, standalone company. "Yes," said Marchionne. The Free Press notes that Jonas dropped this subject and moved on to another question. It needs to be noted that this isn't the first time that Jonas has brought this idea up. Back in January, Jonas estimated Jeep's value on a standalone basis would be $22 billion. Ram Trucks isn't far behind with an estimated value of $11.2 billion. There is also precedent for this idea. Marchionne has a history of spinning off brands while keeping them under the FCA corporate umbrella. Last year, Ferrari was spun off to its own standalone company and now trades on the New York Stock Exchange. It currently generates more than $3.4 billion in annual revenue and close to $435 million in net income. Marchionne serves as the chairman and CEO of the company. But if such a move was to happen, it would take a fair amount of time for this changeover to take place. Source: Detroit Free Press
  8. The Model 3 is Tesla's most anticipated vehicle and biggest gamble the company has undertaken. But this gamble has become more risky thanks to a decision concerning the production line. Reuters reports that Tesla is skipping a step most automakers undertake when producing a new vehicle. Prototype tools are bought in on the production line to help determine issues in terms of fit and finish. Once these issues are worked out, the prototype tools are scrapped and automakers place orders for permanent and expensive tools. But Musk told investors last month, Tesla was jumping into the permanent and expensive part first so they can meet their self-imposed volume production deadline of September. "He's pushing the envelope to see how much time and cost he can take out of the process," said Ron Harbour, a manufacturing consultant at Oliver Wyman. According to a source, this 'soft tooling' caused problems for Model X. Due to a tight timeline to get the vehicle into production, Tesla was unable to take any of the lessons learned from this before ordering the final production tooling. "Soft tooling did very little for the program and arguably hurt things," said the source. Musk said computer simulations has helped with skipping the prototype tooling stage. This move fits Elon Musk's tendency to take big gambles and do things a bit different than what is expected in the industry. Most of the time, it has paid off. The problem is if this equipment proves to be flawed in some way, it could cost Tesla millions to fix the issue and introduce production delays. "It's an experiment, certainly," said Jake Fisher from Consumer Reports. Tesla could possibly fix these errors quickly, "or it could be they have unsuspected problems they'll have a hard time dealing with." Source: Reuters View full article
  9. The Model 3 is Tesla's most anticipated vehicle and biggest gamble the company has undertaken. But this gamble has become more risky thanks to a decision concerning the production line. Reuters reports that Tesla is skipping a step most automakers undertake when producing a new vehicle. Prototype tools are bought in on the production line to help determine issues in terms of fit and finish. Once these issues are worked out, the prototype tools are scrapped and automakers place orders for permanent and expensive tools. But Musk told investors last month, Tesla was jumping into the permanent and expensive part first so they can meet their self-imposed volume production deadline of September. "He's pushing the envelope to see how much time and cost he can take out of the process," said Ron Harbour, a manufacturing consultant at Oliver Wyman. According to a source, this 'soft tooling' caused problems for Model X. Due to a tight timeline to get the vehicle into production, Tesla was unable to take any of the lessons learned from this before ordering the final production tooling. "Soft tooling did very little for the program and arguably hurt things," said the source. Musk said computer simulations has helped with skipping the prototype tooling stage. This move fits Elon Musk's tendency to take big gambles and do things a bit different than what is expected in the industry. Most of the time, it has paid off. The problem is if this equipment proves to be flawed in some way, it could cost Tesla millions to fix the issue and introduce production delays. "It's an experiment, certainly," said Jake Fisher from Consumer Reports. Tesla could possibly fix these errors quickly, "or it could be they have unsuspected problems they'll have a hard time dealing with." Source: Reuters
  10. When I last reviewed the Acura MDX back in 2014, I mentioned that it and the RDX crossover made up a majority of the brand’s sales. That’s still true in 2017 as both models currently make up 63.8 percent of Acura’s sales through the end of March. In closing my review, I said Acura focused on fixing the issues that hurt the MDX before and left other things well alone, creating a balanced luxury crossover. But does that still hold up in a field that has become very competitive in the past couple of years? It seemed a revisit was in order. Acura did a significant refresh for the 2017 MDX with the biggest change being the design. Up front, Acura has swapped the shield grille for a larger pentagonal grille from the 2016 Precision Concept. While the shield was considered by many to a bit polarizing and a turn-off, I find the new grille to be a bit cartoonish. It doesn’t really work with the rest of the MDX’s design. At least certain traits such as the ‘Jewel Eye’ headlights and sloping roofline are still here and still work. The interior hasn’t changed much since our last test and that’s both a good and bad thing. The good is the MDX’s material quality is towards the top of the class with a fair amount of leather and wood trim used throughout. Although considering the price tag of just over $59,000, it would have been nice if Acura added some more luxury touches. Those sitting up front or in the second-row will find plenty of room and a set of supportive seats. The MDX is one of the few models in the class that offers a third-row as standard, but it is best reserved for small kids or being folded into the floor to increase cargo space. The bad mostly deals with the AcuraLink infotainment system. This dual screen setup brings more headaches than any other system I have used. A perfect example is when you want to switch from music to a podcast on your USB device. You need to use the top screen and a control knob to go through the various menus to find the show you want to listen to. Not only is this pain, but it also creates a distraction when driving as your eyes are taken off from the road. I wish Acura would scrap this system and start back from square one. Power still comes from a 3.5L V6 offering 290 horsepower and 267 pound-feet of torque. A nine-speed automatic routes power to either the front-wheels or all four-wheels via Acura’s super-handling all-wheel drive (SH-AWD). Advanced models like ours come standard with a stop-start system. The V6 in the MDX is such an impressive motor. Power delivery is quite strong throughout the rev band and the engine doesn’t make much noise during acceleration. However, the stop-start is a bit of a mess. It takes a few seconds for the system to realize that you took your foot off the brake before it restarts the engine. The system can be turned off which we recommend doing. The nine-speed automatic needs a bit work as well as we found shifts to be somewhat clunky at low speeds. Also, the transmission is slow to downshift when you need to make a pass. At least paddle shifters mounted on the steering wheel solves this issue somewhat as you can do it yourself. EPA fuel economy figures stand at 19 City/26 Highway/22 Combined when the MDX is equipped with SH-AWD. I got none too shabby 23 MPG average for the week. One area we’re glad to see Acura not messing with the MDX refresh is the suspension tuning. The MDX has stuck the right balance of comfort and handling. Some of this is credited to the Integrated Dynamics System (IDS) that alters various settings for the suspension, steering, and a few other items. This means the MDX can be tailored to deliver a sporty ride when driving down a curvy road and ironing out road imperfections when commuting. There is one big issue for the MDX, price. Our MDX Advance & Entertainment tester came with an as-tested price of $59,475 with destination. Considering what you get for the price and compare against other models, the MDX is a bit of a poor value. Stick with one of the lower trims. The Acura MDX stands in a bit of an odd middle ground, where it is above the mainstream, but below luxury competitors. It remains a very competent crossover that seems to do most things right. But we can’t help but wonder if Acura was given a bit more time to mess with the stop-start system and automatic transmission, along with making it slightly more luxurious, it could take it a bit further from the middle ground the MDX currently sits in. Disclaimer: Acura Provided the MDX, Insurance, and One Tank of Gas Year: 2017 Make: Acura Model: MDX Trim: Advanced Entertainment SH-AWD Engine: 3.5L 24-Valve SOHC i-VTEC V6 Driveline: Nine-Speed Automatic, All-Wheel Drive Horsepower @ RPM: 290 @ 6,200 Torque @ RPM: 267 @ 4,700 Fuel Economy: City/Highway/Combined - 19/26/22 Curb Weight: 4,292 lbs Location of Manufacture: Lincoln, AL Base Price: $58,500 As Tested Price: $59,475 (Includes $975.00 Destination Charge) Options: N/A View full article
  11. When I last reviewed the Acura MDX back in 2014, I mentioned that it and the RDX crossover made up a majority of the brand’s sales. That’s still true in 2017 as both models currently make up 63.8 percent of Acura’s sales through the end of March. In closing my review, I said Acura focused on fixing the issues that hurt the MDX before and left other things well alone, creating a balanced luxury crossover. But does that still hold up in a field that has become very competitive in the past couple of years? It seemed a revisit was in order. Acura did a significant refresh for the 2017 MDX with the biggest change being the design. Up front, Acura has swapped the shield grille for a larger pentagonal grille from the 2016 Precision Concept. While the shield was considered by many to a bit polarizing and a turn-off, I find the new grille to be a bit cartoonish. It doesn’t really work with the rest of the MDX’s design. At least certain traits such as the ‘Jewel Eye’ headlights and sloping roofline are still here and still work. The interior hasn’t changed much since our last test and that’s both a good and bad thing. The good is the MDX’s material quality is towards the top of the class with a fair amount of leather and wood trim used throughout. Although considering the price tag of just over $59,000, it would have been nice if Acura added some more luxury touches. Those sitting up front or in the second-row will find plenty of room and a set of supportive seats. The MDX is one of the few models in the class that offers a third-row as standard, but it is best reserved for small kids or being folded into the floor to increase cargo space. The bad mostly deals with the AcuraLink infotainment system. This dual screen setup brings more headaches than any other system I have used. A perfect example is when you want to switch from music to a podcast on your USB device. You need to use the top screen and a control knob to go through the various menus to find the show you want to listen to. Not only is this pain, but it also creates a distraction when driving as your eyes are taken off from the road. I wish Acura would scrap this system and start back from square one. Power still comes from a 3.5L V6 offering 290 horsepower and 267 pound-feet of torque. A nine-speed automatic routes power to either the front-wheels or all four-wheels via Acura’s super-handling all-wheel drive (SH-AWD). Advanced models like ours come standard with a stop-start system. The V6 in the MDX is such an impressive motor. Power delivery is quite strong throughout the rev band and the engine doesn’t make much noise during acceleration. However, the stop-start is a bit of a mess. It takes a few seconds for the system to realize that you took your foot off the brake before it restarts the engine. The system can be turned off which we recommend doing. The nine-speed automatic needs a bit work as well as we found shifts to be somewhat clunky at low speeds. Also, the transmission is slow to downshift when you need to make a pass. At least paddle shifters mounted on the steering wheel solves this issue somewhat as you can do it yourself. EPA fuel economy figures stand at 19 City/26 Highway/22 Combined when the MDX is equipped with SH-AWD. I got none too shabby 23 MPG average for the week. One area we’re glad to see Acura not messing with the MDX refresh is the suspension tuning. The MDX has stuck the right balance of comfort and handling. Some of this is credited to the Integrated Dynamics System (IDS) that alters various settings for the suspension, steering, and a few other items. This means the MDX can be tailored to deliver a sporty ride when driving down a curvy road and ironing out road imperfections when commuting. There is one big issue for the MDX, price. Our MDX Advance & Entertainment tester came with an as-tested price of $59,475 with destination. Considering what you get for the price and compare against other models, the MDX is a bit of a poor value. Stick with one of the lower trims. The Acura MDX stands in a bit of an odd middle ground, where it is above the mainstream, but below luxury competitors. It remains a very competent crossover that seems to do most things right. But we can’t help but wonder if Acura was given a bit more time to mess with the stop-start system and automatic transmission, along with making it slightly more luxurious, it could take it a bit further from the middle ground the MDX currently sits in. Disclaimer: Acura Provided the MDX, Insurance, and One Tank of Gas Year: 2017 Make: Acura Model: MDX Trim: Advanced Entertainment SH-AWD Engine: 3.5L 24-Valve SOHC i-VTEC V6 Driveline: Nine-Speed Automatic, All-Wheel Drive Horsepower @ RPM: 290 @ 6,200 Torque @ RPM: 267 @ 4,700 Fuel Economy: City/Highway/Combined - 19/26/22 Curb Weight: 4,292 lbs Location of Manufacture: Lincoln, AL Base Price: $58,500 As Tested Price: $59,475 (Includes $975.00 Destination Charge) Options: N/A
  12. The past few years has seen Nissan expanding their lineup of NISMO performance models around the world. But that isn't enough as Nissan plans on expanding NISMO into more markets. To that end, the company announced a new unit called the NISMO Cars Business Unit. This will be part of Autech Japan, Inc - a Nissan group company that convert vehicles for disabled drivers and tunes performance vehicles. Nissan hopes that the new unit combined with the efforts Nissan Motorsports International Co., Ltd. and other group companies can deliver more NISMO products in a shorter timeframe. "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars. With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. Nissan doesn't make any mention of what models are under consideration for the NISMO treatment. Currently, Nissan sells NISMO versions of the 370Z, GT-R, Juke, and Sentra in the U.S. Source: Nissan Press Release is on Page 2 Nissan sets up new unit to boost NISMO road car business More high-performance models to be rolled out globally YOKOHAMA, Japan – Nissan Motor Co., Ltd. has set up a new unit to expand its NISMO road car business by making a greater range of models available to customers in more markets. The NISMO Cars Business Department is part of Autech Japan, Inc., a Nissan group company that makes converted vehicles. Using talent from Nissan, Autech, Nissan Motorsports International Co., Ltd. and other group companies, it will plan and develop more appealing products in a shorter time. Nissan plans to expand the range of NISMO road cars to new segments, market them more globally and boost the lineup in existing markets, including Japan, North America, Europe and the Middle East. This will help increase sales of NISMO cars, which are now about 15,000 units a year. Nissan introduced the NISMO brand to its mainstream model lineup in 2013 to bring customers more innovations and excitement. Featuring performance and styling developed through NISMO's motorsports activities, the cars offer a sporty driving experience combined with Nissan's quality, reliability and durability. NISMO road cars introduced so far include the GT-R, 370Z, JUKE and Sentra in the U.S. – plus the Note and Patrol in markets outside the U.S. "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. "With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever." The new business unit will also work with Nissan Motorsports International on marketing. This includes showing NISMO road cars at Nissan dealerships and showrooms and holding events and activities for NISMO car owners. View full article
  13. The past few years has seen Nissan expanding their lineup of NISMO performance models around the world. But that isn't enough as Nissan plans on expanding NISMO into more markets. To that end, the company announced a new unit called the NISMO Cars Business Unit. This will be part of Autech Japan, Inc - a Nissan group company that convert vehicles for disabled drivers and tunes performance vehicles. Nissan hopes that the new unit combined with the efforts Nissan Motorsports International Co., Ltd. and other group companies can deliver more NISMO products in a shorter timeframe. "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars. With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. Nissan doesn't make any mention of what models are under consideration for the NISMO treatment. Currently, Nissan sells NISMO versions of the 370Z, GT-R, Juke, and Sentra in the U.S. Source: Nissan Press Release is on Page 2 Nissan sets up new unit to boost NISMO road car business More high-performance models to be rolled out globally YOKOHAMA, Japan – Nissan Motor Co., Ltd. has set up a new unit to expand its NISMO road car business by making a greater range of models available to customers in more markets. The NISMO Cars Business Department is part of Autech Japan, Inc., a Nissan group company that makes converted vehicles. Using talent from Nissan, Autech, Nissan Motorsports International Co., Ltd. and other group companies, it will plan and develop more appealing products in a shorter time. Nissan plans to expand the range of NISMO road cars to new segments, market them more globally and boost the lineup in existing markets, including Japan, North America, Europe and the Middle East. This will help increase sales of NISMO cars, which are now about 15,000 units a year. Nissan introduced the NISMO brand to its mainstream model lineup in 2013 to bring customers more innovations and excitement. Featuring performance and styling developed through NISMO's motorsports activities, the cars offer a sporty driving experience combined with Nissan's quality, reliability and durability. NISMO road cars introduced so far include the GT-R, 370Z, JUKE and Sentra in the U.S. – plus the Note and Patrol in markets outside the U.S. "As a Nissan sub-brand, NISMO further builds upon the core values of Nissan cars," said Takao Katagiri, president and CEO of both Autech Japan and Nissan Motorsports International. "With the combined expertise of Nissan group companies, NISMO road cars will make customers enjoy Nissan cars more than ever." The new business unit will also work with Nissan Motorsports International on marketing. This includes showing NISMO road cars at Nissan dealerships and showrooms and holding events and activities for NISMO car owners.
  14. BMW's vice-president of sales and marketing for the M division, Peter Quintus believes that manual and dual-clutch transmissions will be going the way of the dodo bird performance vehicles. According to Drive, Qunitus has been banging the drum on the demise of manual transmissions for a bit. The reason isn't due to emissions but comes down them not being able to handle engines with loads of torque - saying 600Nm of torque (about 442 lb-ft). When asked about using a manual transmission from the U.S. that is able to handle all of this torque, Qunitus said the company found them to be "heavy and the shift quality was awful." The admission of Dual-clutch transmissions not long for this world is bit surprising as more manufacturers are beginning to install them into their performance vehicles as they would deliver fast shifts. That is changing with automatics as new technologies help them shift as fast as DCTs. "We are now seeing automatic transmissions with nine and even 10 speeds, so there's a lot of technology in modern automatics," said Quintus. "The DCT once had two advantages: it was light and its shift speeds were higher. Now, a lot of that shift-time advantage has disappeared as automatics get better and smarter." Source: Drive View full article
  15. BMW's vice-president of sales and marketing for the M division, Peter Quintus believes that manual and dual-clutch transmissions will be going the way of the dodo bird performance vehicles. According to Drive, Qunitus has been banging the drum on the demise of manual transmissions for a bit. The reason isn't due to emissions but comes down them not being able to handle engines with loads of torque - saying 600Nm of torque (about 442 lb-ft). When asked about using a manual transmission from the U.S. that is able to handle all of this torque, Qunitus said the company found them to be "heavy and the shift quality was awful." The admission of Dual-clutch transmissions not long for this world is bit surprising as more manufacturers are beginning to install them into their performance vehicles as they would deliver fast shifts. That is changing with automatics as new technologies help them shift as fast as DCTs. "We are now seeing automatic transmissions with nine and even 10 speeds, so there's a lot of technology in modern automatics," said Quintus. "The DCT once had two advantages: it was light and its shift speeds were higher. Now, a lot of that shift-time advantage has disappeared as automatics get better and smarter." Source: Drive
  16. The rivalry of the Chevrolet Camaro and Ford Mustang has been going for ages in the U.S. But now this fight has expanded into China. Automotive News reports that a growing group of Chinese buyers are being drawn towards to these models as the exude the no-apologies Americana attitude. "We're seeing the beginning of a muscle car culture here. Something that is uniquely American appeals to the Chinese consumer. The image that it relays to the automotive public is very positive," said James Chao, a China market auto analyst with IHS Markit. Sales of both models are small with Chevrolet only moving 2,000 Camaros since its launch 2011. Ford is doing slightly better with 6,200 Mustangs sold since its launch in 2015. In the first quarter, Mustang sales saw a 90 percent increase to 963 vehicles. Part of the reason for the slow sales comes down to the price. The Camaro starts about 399,900 yuan (about $58,000) - more than double of the base price of $26,900 in the U.S. The Mustang isn't that far behind, costing about $15 dollars less. Prices are increased due to a 25 percent import tariff on U.S. made vehicles, homologation and shipping fees, and Chinese buyers trending to splurge on higher-time models. But despite the low sales, the Camaro and Mustang are bringing buyers to dealers. These models act as eye candy to help draw shoppers into showrooms with the hope they'll purchase a vehicle, where it be the eye candy or something a little less exciting. Source: Automotive News (Subscription Required) View full article
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