Friday 28 August 2015

Redesigned 2016 Chevrolet Camaro Priced Higher than Mustang

2016 Chevrolet Camaro

If you've been anxiously waiting to find out how much you'll have to pay for the redesigned 2016 Chevy Camaro, the wait is over. Chevrolet announced in a press release today that the 2016 Camaro will start at $26,695, which includes a $995 destination fee. That is $1,995 more expensive than the 2015 model, which has a starting price of $24,700. The V8-powered 2016 Camaro SS starts at $37,295.
The base 2016 Chevrolet Camaro comes standard with a 275-horsepower, turbocharged 2.0-liter four-cylinder engine. An optional 3.6-liter V6 makes 335 horsepower, though pricing for Camaros with this engine has not been announced. The Camaro SS has a 6.2-liter V8 that produces 455 horsepower. With any engine, the Camaro comes standard with a six-speed manual transmission, while an eight-speed automatic is optional.


2016 Chevrolet Camaro
Not only is the redesigned 2016 Camaro more expensive than the outgoing model, it is also pricier than one of its main competitors, the Ford Mustang.Parts The Mustang differs from the Camaro in that the Mustang's base engine is a V6, and a turbocharged four-cylinder engine is optional. A base, V6-powered 2016 Ford Mustang starts at $24,700, which is $1,995 less expensive than a base 2016 Camaro. A V8-powered Mustang GT undercuts the Camaro SS by $4,095, with a starting price of $33,200.


2016 Chevrolet Camaro

The 2016 Camaro comes with a host of standard features that Chevrolet says were either optional or unavailable on the 2015 model, including a rear view camera, automatic climate control, fully power-adjustable front seats, proximity key/push-button start, the My Link infotainment system with Apple Car Play connectivity and On Star with 4G LTE and a built-in Wi-Fi hot spot. Available features in the 2016 Camaro include leather upholstery, heated and ventilated front seats, a heated steering wheel, a Bose audio system, a power sunroof, navigation, rear cross-traffic alert, blind spot monitoring and lane change alert.
As we reported in May when it was first unveiled, reviewers' initial impressions of the redesigned Camaro are favorable. Auto blog said the 2016 Camaro's exterior design helps it look lighter and more agile than the outgoing model, and Cars.com was impressed with the cabin design and materials quality.
Chevrolet says the 2016 V6- and V8-powered Camaro coupes will hit dealers by the end of this year and that convertibles and models fitted with the turbocharged four-cylinder engine will go on sale in the first quarter of 2016.


Source: USNEWS

Wednesday 19 August 2015

2015 Tesla Model S 70D


An analyst with Morgan Stanley says the stock price of electric car maker Tesla could soon be worth almost twice as much as it is now largely because of the potential of self-driving cars that consumers can rent on demand, like Uber.
In a research note to clients Monday, Adam Jonas raised his target price for Tesla shares to $465 US. That's more that 66 per cent above his old target of $280 and well above the $243 level the stock closed at on Friday. 




Ride-sharing app?
Jonas' main reason for optimism is a business segment that the company doesn't even do yet, which is a ride-sharing service using driverless cars.
Worldwide, humans drive more than 16 trillion kilometresevery year, most of which is done in cars made by "companies practicing a 100-year-old business model of human-driven, privately owned, internal-combustion vehicles," Jonas said."This is fundamentally changing."

Tesla's Elon Musk proving why patents are passé
Robot drivers will mean good riddance to humans

Tesla is a leader in the electric car world, but sells just a fraction of the hundreds of millions of cars that major gasoline-powered players like GM, Toyota and Volkswagen sell every year. While the company says it is on track to selling a million cars a year within the next decade, it is still a far cry off from the leaders. 



Self-driving cars soon

But Tesla has an advantage in a business area it hasn't even entered into yet, Jonas says, which is self-driving cars in an on-demand mobility service. Jonas' idea would see a new business that works a bit like ride-sharing app Uber, but entirely populated by self-driving Teslas.
He calls the division "Tesla Mobility" and unlike conventional cars, Teslas today already have a leg-up in autonomous driving because their vehicles are fully electric, wirelessly connected to each other and can "learn" on the go via software updates. "No other established automaker can claim this today," he said, which makes it a lot easier for the company to roll out a self-driving vehicle than for other companies to do so.
Jonas expects the entire car business to shift away from the current owner-operator model and toward an autonomous future in which people are driven around by robots in vehicles they can access only when they need them.

Tesla launches Powerwall home battery system

Instead of selling cars to ridesharing companies, Tesla could theoretically take out the middle man and sell the service directly to customers themselves.
"We view this business opportunity as potentially additive to Tesla's existing model of selling human-driven cars to private owners and see potential for this model to conceivably more than triple the company's potential revenues by 2029," Jonas' says.
Although the company officially has no plans to do something similar to the "Tesla Mobility" unit that Jonas' envisions, the analyst " we would be surprised if Tesla did not share formalized business plans on shared mobility within the next 12 to 18 months." The first driverless on-demand Teslas would then hit the road some time in 2018, he said.
DON PITTIS: Thanks to Tesla, the electric car is in a passing lane to the future
If it happens, it's an idea that could be worth billions. Jonas comes up with his $465 price target because it's the midpoint between the base case assumption that the shares could be worth $319 if the business stays as it is, but as much as $611 a share if these new revenue streams come to pass.
The car company, as it stands now. is worth about $280 per share, Jonas' says, with the recently announced battery division adding as much as $39 per share. But Jonas' optimistic take is that the battery unit increases to $87 a share, along with $244 a share for the as yet non-existent ride-sharing unit, on top of the core electric car business.

"If Tesla wants to make good on its mission to accelerate the world's transition to sustainable transport, we see the move to a shared mobility model as critical," Jonas said. 

Source: CBC News

Monday 10 August 2015

Nissan, Honda outpace the market on crossovers, sedans


American HondaParts Motor Co. and Nissan North America both showed solid sales growth in July, thanks to brisk sales of small crossovers, midsize sedans and luxury cars, data released today show.




Both automakers, as well as their volume divisions, Honda brand and Nissan brand, outpaced the industrywide gain of 5.3 percent in July.

American Honda’s sales rose 7.7 percent to 146,324 units. Honda-brand sales climbed 6.5 percent to 131,409, while Acura sales shot up 20 percent to 14,915.
The Honda Accord had a robust month, with sales of 34,496 units. That was down 1.6 percent from a year ago, but was still the highest Accord total since August 2014.

The small Civic also performed well, with its sales increasing 3.7 percent to 31,139. But sales of the subcompact Fit dropped 15 percent to 4,332.
The HR-V small crossover, in its second full month on the market, accounted for sales of 5,909 units.

      “You hear reports that car sales are collapsing. Well, ours aren’t collapsing,” said John Mendel, executive vice president of American Honda.


The AcuraParts brand’s total put it ahead of Cadillac’s 14,154 for the month, the tenth time in the last 11 months it has bested its older and traditionally larger rival. Powering Acura higher were the new TLX sedan, with sales of 3,530 cars in July, and the redesigned ILX, up 31 percent last month to 1,613.

Mendel said the new cars add a dimension to Acura on top of its solid footing in luxury sport-utility vehicles, where the MDX and RDX combination is long established among the segment leaders.

Faster-growing Nissan
Nissan North America’s growth outpaced American Honda’s. Its sales rose 7.8 percent to 130,872 cars and trucks. Nissan-brand sales climbed 6.7 percent to 120,439 units; Infiniti had an increase of 22 percent, to 10,433.




For NissanParts brand, the biggest gain came from the Rogue, whose sales jumped 51 percent to 25,081 vehicles. Its larger crossover, the Murano, also posted a gain of 18 percent, to 5,459 units.

                  Nissan’s Altima sedan bucked the downward trend in small and midsize cars, as it sales soared 27 percent to 33,842 units, a July record.
“There’s no doubt the midsize segment is under fire, under pressure, but the Altima continues to deliver for us,” said Fred Diaz, Nissan’s senior vice president for sales and marketing.
He said the automaker did not rely on heavy incentives to drive its sales in July. “We’re not doing anything crazy, nothing special. We’re just being competitive,” he said.
The company is now four months into a sales push that set ambitious growth targets for its dealers, and pays specific bonuses to Nissan dealers who outpace the Honda and Toyota stores in their area.
In contrast to the Altima, sales of the Leaf, Versa and Maxima each fell by more than 25 percent.
At Infiniti, sales of the Q50 jumped 55 percent to 3,807, even as sales of the Q40/Q60 slid 64 percent to 726. Sales of the QX60 surged 68 percent to 3,760.

SOURCE : autonews


Monday 27 July 2015

2016 Lexus IS Gains 2.0-Liter Turbo-Four Engine In Place of Base V-6



The 2016 Lexus Parts IS adds a new turbo-four engine, as well as a lower-powered V-6 option, in a mild refresh for the sports sedan. The IS also receives a few equipment changes, such as a heated steering wheel being offered as a standalone option.




The new 2016 Lexus IS200t replaces the former IS250 as the car's base model. Offered only with rear-wheel drive and an eight-speed automatic transmission, the 200t's 2.0-liter turbocharged inline-four engine offers 241 hp and 258 lb-ft of torque. That's up from the 204 hp and 185 lb-ft that the outgoing IS250's 2.5-liter V-6 engine offered. Lexus also expects the new engine to improve fuel economy, which was rated at 21/30 mpg (city/highway) in the rear-wheel-drive IS250.

The 2.0-liter engine is already in use in the Lexus NX200t crossover and is likely to spread to more Toyota and Lexus models in the U.S. The Lexus IS200t was already revealed in Europe earlier this year, with its engine rated for 244 hp.
The Lexus IS350 continues to offer its 306-hp, 3.5-liter V-6 engine with both rear- and all-wheel drive. But to sate drivers who want a more affordable all-wheel-drive sedan, the 2016 Lexus IS also adds a new IS300 AWD model. A detuned version of the 3.5-liter V-6 offers 255 hp and 236 lb-ft; this trim level essentially takes the place of the outgoing Lexus IS250 AWD, as the new turbo engine is not offered with all-wheel drive. The V-6 engines are also mated exclusively to an eight-speed automatic transmission.

Source :  Automobile

Friday 10 July 2015

65,844 Land Rovers recalled for doors, sunroofs that can fly open

JaguarParts Land Rover is recalling 65,844 Land Rover SUVs for doors and sunroofs that can fly open while the vehicle is in motion, the National Highway Traffic Safety Administration said.
The defects are divided into two separate recalls, one for faulty door latches and one for weak sunroof adhesive.


The door latch recall covers 65,352 Range Rover and Range Rover Sport SUVs from the 2013-16 model years. The affected vehicles were manufactured with doors that can remain unlatched with the door is in the “closed” position, without any indication to the driver that a latch is not secure.
Doors that do not latch properly can open while the vehicle is in motion.
Ford Motor Co. has recalled more than 1.5 million vehicles for a similar defect since mid-2014. It is not clear if the two recalls are related.
The Range Rover models covered in the door latch recall were manufactured from July 26, 2012 through March 9, 2015.
The sunroof recall is smaller, covering 492 Land Rover LR4 SUVs from the 2012 and 2013 model years. The adhesive and primer used to attach the affected sunroofs to the LR4 roof can weaken, causing excessive noise and water leakage.
In one case, a consumer reported to NHTSA that the sunroof detached from the vehicle while it was in motion.
The door latching issue is the result of a software glitch that allows doors to come unlatched without warning, Jaguar Land Rover spokeswoman Maria Rodriguez said.
It is not clear if this defect originated at the supplier, Brose Schließsysteme, or if it is the fault of Jaguar Land Rover manufacturers, she said.
In the case of the sunroof defect, the bonding agent used by supplier NSG Group was not up to the correct specifications.

Source :  autonews

Tuesday 7 July 2015

BMW Regains Top Spot in USA Premium Sales, Besting Mercedes-Benz

It’s an extremely tight race at the top of the sales charts in the US within the premium segment.

To be more precise, BMW Parts sold 32,176 units in the US across the previous month while Mercedes-Benz sold 28,044. Both companies showed growth compared to the same month of last year but while the Bavarians grew by 6.5%, their rivals sold only 5.8 percent more.


















Overall, when looking at the figures for the whole year, BMW posted a year-to-date increase in sales of 7.1 percent to a grand total of 168,623 units while Mercedes delivered 164,970. In percentages, the challenger grew more, at 8.8%. As you can see, at the moment, there’s just 3,653 units between the two giants.

The best selling car for the blue and white roundel company was the 3 Series, as usual. What’s surprising is that unlike Mercedes, it’s not its cheapest model. The growth the three-pointed star company is recorded is due mainly to the CLA-Class which is its cheapest FWD model in the line-up. That could also point to a couple of differences in the demographic that is interested in the two brands.

Compared to June of 2014, the X5 SUV posted an incredible 89 percent surge in demand while the 4 Series came in second with a growth of 69 percent.

When it comes to Audi, even if this was yet another month of constant increase in demand, they are still far behind with 93,615 units. Due to the new A3 line-up, they are also starting to cover more ground but with 18,262 deliveries across June, things aren’t looking great for now.

They are overshadowed by Lexus that comes in third in this ad-hoc top, they too reported an 11 percent increase in sales, at a grand total of 26,121. So far, the Toyota-owned brand sold 158,848 units, a 15 percent increase.



Source : autoevolution

Sunday 5 July 2015

Jeep will keep Cherokee's 'spot on' shape, styling

CHELSEA, Mich. -- The popular Jeep CherokeeParts departed from the brand's traditional boxy styling, and Jeep strategists plan to keep the polarizing look when the midsize SUV is freshened in mid-2016.

"I think the overall styling, the overall shape, the overall accommodation of that vehicle is spot on," Jeep brand head Mike Manley said at Fiat Chrysler's proving grounds here. "I don't think that there's anything that dramatically needs to change with that vehicle going forward."
Since its introduction in late 2013, the Cherokee has been a top-seller for Jeep, outselling in some months the more established Grand Cherokee and Wrangler.
Through June, Cherokee is Jeep's top-selling SUV in the U.S., with sales up 31 percent over the same period of 2014.
The Cherokee has been plagued by quality and software problems with its transmission. FCA US is conducting a customer satisfaction campaign to reset the transmission software on early Cherokees to improve the nine-speed automatic's operations.
Manley said those efforts should help lift the brand's overall quality.
"We've made significant progress on Cherokee in terms of the transmission," Manley said, "and we are going to continue to look to make quality improvements wherever we can."

Source : Auto News

Saturday 4 July 2015

How Kirk Kerkorian changed Detroit's auto industry

Kirk Kerkorian, the billionaire investor known for mega-deals and hostile takeover bids, was seen as a "deep value" investor and he loved kicking the tires in Detroit, looking for value, especially among auto companies that were on the discount rack many times over the years.



His strategies roiled Detroit's auto and casino industries on multiple occasions. Here are some of his most memorable deals that solidified his reputation as an aggressive activist investor. He died Monday night at 98.

But he leaves a tremendous legacy, especially when it come to the auto industry. He touched each of Detroit's Big 3 automakers. Here's how:
• General Motors bid: Kerkorian's Tracinda made a run at General Motors in 2006. He began buying GM shares in the spring of 2005. But that dance led nowhere. GM's management and Kerkorian just didn't get along. Kerkorian had urged a global partnership among GM, NissanParts Motor and Renault USA. Didn't work.

• Chrysler takeover attempt: Kerkorian first invested in Chrysler in 1990 after meeting with the automaker's boss Lee Iacocca. Five years later, his stance as a passive investor gave way to a takeover bid when the company didn't perform as he'd hoped. Ultimately, he lost, but only after a long and rancorous fight.

• Ford stake: If Kerkorian is best known in Detroit for his failed takeover attempt of the old Chrysler in 1995 and his frustrated efforts to push GM into an alliance with Renault and Nissan Motor in 2006, he also played a part at the Blue Oval.

In 2008, Kerkorian's Tracinda had built up a 6.5% stake in Ford Motor But later in the year, Tracinda started selling off Ford shares. By the end of 2008, Tracinda had sold off all its Ford shares.

Tracinda said in a statement in the fall 2008 that "in light of current economic and market conditions, it sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries."

Source: USAToday

Monday 29 June 2015

Leather car seat upholstery maker rides auto sales wave

MONTEBELLO, Calif. -- A factory here bustles with activity, whether it is workers scrutinizing dyed steer hides for imperfections or sewing together leather strips, thanks to the sizzling market for new cars.

Katzkin Automotive Leather is one of hundreds of companies that cater to customers who want to customize or otherwise dress up their new cars or trucks. Though the leather upholstery maker has been in business since 1983, these are particularly good times for Katzkin. It's riding the wave thanks to the strongest new-vehicle sales so far this year in a decade. Lately, it has been seeking to cash in on huge demand the pickup trucks.

"People who buy pick-up trucks tend to accessorize them," David Giddings, the company's marketing vice president, says. "They are a natural target for us. It was tailor-made for accessories."

Katzkin executives think it's a case of right place, right time. Auto sales are up 4.5% this year through May, compared to the same five months last year, Autodata reports. The growth has been driven entirely by pickups and SUVs, which are up 10% while cars are down 1.3% over the same period.

Once behind the wheel, many new-vehicle buyers can't wait to pimp their rides. They're adding on everything from custom chrome wheels to upscale audio systems -- and yes, leather interiors. Aftermarket purveyors raked in $33 billion in 2013, a figure that likely will have risen 10% last year once the figures are in. Peter MacGillivray, vice president of the aftermarket trade group, the Specialty Equipment Market Association or SEMA, says 2015 looks like another boom year as well.


Buyers are "taking perfectly fine automobiles and making them even better," he says. "It's making these cars fit the owner like a glove."

Katzkin aims to make its leather car coverings fit like a glove. The company seeks to lure owners by being a cheaper alternative for leather seat coverings. Instead of buying having to take the leather option when they buy the car, which may include a lot of other accessories that the buyer doesn't want, it can pay about $1,500 for the leather interior alone.

The company not only provides the leather needed to reupholster the seats, but also adds leather to the side panels of the doors and on the center console.
"It really makes a huge impact," he adds. "It's like putting paint in a home when you buy a new home, it makes it feel new and it makes it feel like it's yours."

Nowadays, however, seats have become as complicated as just about everything else on a car. Some have as many as 250 pieces that have to be sewn together. It requires high-tech cutting machines working in tandem with traditional hand sewing.

"Seats are much more structural (now)," Chief Designer Dave O'Connell adds. "We've had to raise our game of craftsmanship."

The aftermarket option is mainly offered through car dealers. The toughest part is getting the word out so customers know they have it as an option.

"I like to think of us as one of the best kept secrets around, but provide a really cool option for everybody out there who has a vehicle that does not have leather," adds CEO Tim Clyde.

Source: USAToday

Wednesday 24 June 2015

Auto insurers aren't ready for self-driving cars

Auto insurers are unprepared for the changes self-driving vehicles will create for their business, and most don't think the technology will have a significant impact for at least a decade, according to a study released Wednesday by consulting firm KPMG.


The survey asked executives of insurance companies with about $85 billion of auto insurance premiums a series of questions designed to measure their knowledge and opinions of autonomous transportation.

Among the findings: More than four out of five (84%) insurance companies don't think driverless vehicles will have a significant impact on their business until 2025.

Google is testing a fleet of 100 autonomous cars around its northern California headquarters. Audi and Delphi Automotive have teamed up on a self-driving car that completed a cross-country trip earlier this year. Tesla Motors is rolling out a software update that will enable its Model S to drive autonomously from San Francisco to Seattle.

CadillacParts is planning to introduce an advanced system it calls Super Cruise on a 2017 model that will take over steering, accelerating and braking in highway driving. Toyota plans to offer crash-avoidance technology in all Toyota and Lexus models by 2017.

"The disruption of autonomous vehicles to the automotive ecosystem will be profound, and the change will happen faster than most in the insurance industry think," said Jerry Albright, a leader of KPMG's actuarial and insurance risk practice. "To remain relevant in the future, insurers must evaluate their exposure and make necessary adjustments to their business models, corporate strategy and operations."

How quickly consumers will embrace self-driving vehicles and how much they will cost remain unclear. But most of the technology that enables autonomy -- such as lane-departure alerts, cruise control and collision-avoidance sensors -- was created to improve safety.

Most of the insurance executives did acknowledge they need to learn more about the technology and its impact on insurance underwriting. For example, one possible channel for self-driving cars could be through taxi-like fleets where consumers purchase the service by number of trips or by miles.

So individual consumers may be driving less in their own vehicles, but more in shared transportation networks.

Advocates of self-driving cars say safety will be their primary selling point as the software and sensors that control them are refined.

"The share of the personal auto insurance sector will likely continue to shrink as the potential liability of the software developer and manufacturer increases," said Alex Bell, managing director of KPMG's CIO advisory group. "At the same time, losses covered by product liability policies are likely to increase, given that the sophisticated technology that underpins autonomous vehicles will also need to be insured."

Earlier this year, the Insurance Information Institute released a study that acknowledged the likely impact of autonomous vehicles.

"There will still be a need for liability coverage, but over time, the coverage could change, as manufacturers and suppliers and possibly even municipalities are called upon to take responsibility for what went wrong," the study stated.
During the transition to wholly autonomous driving, insurers may rely more on telematics devices, known as "black boxes," that monitor driver activity. Some drivers may object to them based on concerns about privacy.

The institute also warned that autonomous vehicle may reduce the number of accidents, but the cost of replacing damaged parts "is likely to increase because of the complexity of the components."

But KPMG says the combination of fewer cars on the road and consumers driving less in their own vehicles will raise expectations of lower premiums.
"Assuming consumers demand lower premiums to reflect fewer accidents, there is the possibility of frenzied competition," said Joe Schneider, director of KPMG corporate finance practice.

Source: USATODAY

Volkswagen supplier adding 500 jobs in Chattanooga

A metal parts supplier will add more than 500 jobs in an expansion of its Chattanooga, Tenn. operation fueled by the nearby VolkswagenParts assembly plant.

Gestamp, which already supplies Volkswagen's Chattanooga factory, will expand its current operation and construct a new facility in Chattanooga.



Volkswagen said Gestamp is investing $180 million to triple its production capacity. The automaker swapped 59 acres of land with the city of Chattanooga and the county -- property that will be used for the Gestamp expansion -- in exchange for land of similar value.

The supplier is getting new business from two sources: a new sport-utility vehicle planned for the Volkswagen plan and the automaker's consolidation of stamping suppliers currently scattered throughout several states.

By moving stamping operations closer to Chattanooga, Volkswagen will save on transportation costs, a classic example of supply chain cost savings that appeals to auto companies.

The new supplier jobs come as politicians, labor leaders and union opponents remain focused on the economic ripple effects of the Volkswagen plant, where the United Auto Workers union has been seeking a foothold for years.
In 2014, the UAW lost an election seeking to organize the workers at the factory. Earlier this year, the union announced that it has the support of 55% of the hourly workforce to form a local chapter, but that has not yet happened.

Any sign of economic vitality emanating from the Volkswagen assembly plant is bound to affect the debate over whether the factory is better off with or without a union.

Volkswagen noted in a press release that U.S. Sen. Bob Corker and Tennessee Gov. Bill Haslam, Republicans who fiercely opposed the UAW's campaign, "worked tirelessly" to aid Gestamp's expansion.

Gestamp said its newly expanded operation would have so-called hot-stamping technology, making metal lighter but harder and reducing climate-change-causing carbon emissions.

"Chattanooga is now a key component in Gestamp's strategic growth roadmap in North America," Gestamp CEO Francisco J. Riberas said in a statement.

Source: USATODAY

Monday 22 June 2015

Sergio to BMW, Audi: Here comes Alfa

TURIN -- Sergio Marchionne's risky, $6 billion plan to turn Alfa Romeo into a premium brand -- one that can challenge BMW and Audi and end decades of dismal performance -- begins with three new models that will arrive by the end of 2017.


Those vehicles -- and five more scheduled to follow by 2018 -- represent a huge undertaking for Fiat Chrysler Automobiles, although one that may finally be gaining traction.

FCA is set to show its new Giulia midsize sedan this week and will follow with a midsize SUV and flagship sedan, according to supplier sources involved in the projects.

The products are the opening salvos in an effort to overhaul Alfa and increase its global sales from 70,000 vehicles last year to 400,000 by 2018. About 150,000 of the sales goal are expected in North America.

The Giulia will debut in Europe early next year and will arrive in U.S. showrooms between April and June, sources say. It will be followed by a midsize SUV in late 2016 and a flagship sedan in 2017.

The challenge is enormous, and so are the risks for Marchionne. FCA's CEO is counting on Alfa's relaunch to move the group out of Europe's fiercely competitive mass-volume market and gain a foothold in the fast-growing American luxury market.

But there is a long way to go for the brand. Although FCA does not report Alfa Romeo's financial results, analysts say it has been bleeding cash since long before Marchionne joined Fiat 11 years ago.

The broad strokes of the relaunch plan were unveiled by Marchionne in May 2014 and include eight new models between 2015 and 2018, not including the low-volume 4C coupe and 4C Spider.

In January, Marchionne updated the plan. He said one model will arrive in 2015 and seven between 2016 and 2018, but he didn't say in which order they would appear. The eight are:
- The Giulia being previewed this week.
- A full-size sedan -- the project 961 flagship.
- Two SUVs, project 949 and a second one to come later.
- A second midsize model, which sources say may be a large coupe.
- A specialty vehicle, expected to be a two-seat roadster.
- Two compact models, one of which is expected to replace the Giulietta.

But the product cadence will be highly concentrated in the last three years of the five-year plan that ends in 2018, causing some analysts to question whether Alfa Romeo can even get close to its target. IHS Automotive forecasts 2018 sales of about 216,000 cars.

An FCA spokesman declined to comment on Alfa's product strategy beyond what the company announced previously.

This week, Marchionne will preview the Giulia at the Alfa Romeo museum in Arese, outside Milan, where the carmaker was based from 1963 until Fiat took it over in 1986. The June 24 unveiling falls on the 105th anniversary of the founding of Anonima Lombarda Fabbrica Automobili, which became better known as Alfa Romeo.

Delayed a number of times in the past four years, the Giulia is Alfa Romeo's first new volume model since the MiTo subcompact was launched in 2008. The sedan will go against the Audi A4 and BMW 3 series, fitting into a space vacated when Alfa's Europe-only 159 was discontinued in 2011. It will debut in September at the Frankfurt auto show.

Marchionne: First new model, the Giulia, gets a preview this week.


New architecture


FCA plans to begin producing the Giulia in November. Still, two suppliers told Automotive News Europe they fear the start of production could be delayed to year end and that European sales might not start before March. A source said one area in which the Giulia is still falling short is noise, vibration and harshness.

The first mule of a heavily disguised Giulia was spotted on June 12 in Italy, with pictures posted to a Facebook page dedicated to the Alfa 952 project.
Spy photographers spotted a mule for Alfa's first SUV last month near Modena, where about 800 engineers are working on the Alfa relaunch, a program code-named Giorgio.

The midsize SUV, code-named 949, is meant to rival the Audi Q5 and BMW X3. Production is scheduled to start in September 2016. Sales will begin two or three months later in Europe, suppliers said.

The Alfa SUV spotted in Modena is based on a Fiat 500L compact minivan, but the wheelbase and overhangs had been lengthened and tracks widened to accommodate all-wheel drive for a much larger vehicle.

Alfa also is developing a full-size sedan as the brand's flagship. The sedan, code-named project 961 and set to enter production in mid-2017, will rival the Audi A6 and BMW 5 series. Alfa's last large sedan, the 166, was discontinued in 2007.

The three Alfas are based on a new rear-wheel-drive/all-wheel-drive architecture developed by the Giorgio team, which is led by former Ferrari engineer Philippe Krief.

Both the midsize and large sedans and the SUV will be built at FCA's Cassino plant near Rome. The company began retooling the plant last summer with an investment close to 800 million euros ($909 million). This month, Cassino began building Giulia units to test the newly installed tooling. To maintain secrecy, workers are required leave their cellphones before entering plant.

Battling Audi and BMW means reconnecting the brand with its sporty heritage, and to do that Marchionne is counting on new high-performance engines, including range-topping gasoline and diesel V-6s.

The top V-6 gasoline engine will have output of 510 hp, suppliers say. The 3.0-liter direct injection unit, with twin turbochargers, has been re-engineered from the unit Ferrari builds for the Maserati Quattroporte and Ghibli sedans.

Big spending


The core gasoline engine will be a turbocharged four-cylinder 2.0-liter direct injection unit called Global Medium Engine. Different versions will produce output of 180 hp, 250 hp and 330 hp and will be mated with manual and automatic transmissions with rwd and awd applications.

Both gasoline engines deliver high specific output with help from FCA's MultiAir variable valve timing technology. They will be produced in FCA's Termoli plant, which has undergone a 500 million euro ($568 million) retooling.

Indeed, the spending has been large-scale on the revival of Alfa Romeo.
Soon after joining Fiat in June 2004, Marchionne called Alfa his biggest challenge and No. 1 headache. Eleven years and four relaunch plans later, it's still a huge challenge. When the Giulia and the new SUV reach the market next year, the headache may begin to subside -- or the famed Italian brand could be eating up billions and delivering not Alfa red vehicles but red ink.

Source: Autonews

Thursday 18 June 2015

Fiat Chrysler recall failings detailed by regulators, report says

WASHINGTON (Reuters) -- U.S. auto safety regulators have "tentatively concluded" that FiatParts Chrysler Automobiles NV did not adequately remedy safety defects in a timely manner, notify car owners of recalls or keep federal officials informed about ongoing issues, according to an official document seen by Reuters on Wednesday.



The document, an official draft of a notice to be published in the Federal Register, contains the most strongly worded language to date by regulators at the National Highway Traffic Safety Administration and expands from 20 to 22 the number of recalls that NHTSA intends to scrutinize at a public hearing on July 2.

The automaker could face more than $700 million in fines and be required to buy back or replace vehicles if regulators find that it failed in its legal recall obligations.

NHTSA and FCA did not respond to inquiries seeking comment.
All told, the recalls involve more than 11 million cars and trucks, including 1.5 million Jeep Liberty and Jeep Grand Cherokee SUVs recalled in June 2013 to reduce the risk of fire in rear-end collisions. By April 30, 2015, NHTSA said FCA had completed repairs on only 320,000 of the vehicles, or 21 percent.

The notice said NHTSA found that FCA failed to notify owners about defects in two previously unreported cases. In one case, the agency said, FCA "did not notify owners for over five months" about the risk that airbag inflators could rupture.

The public hearing, and an accompanying special order issued to the automaker on May 18, are part of an escalating regulatory battle between FCA and the Obama administration.

FCA said it would cooperate, but added in a June 4 response to NHTSA's special order that it saw no reason to hold a public hearing.
The latest notice provided additional details to support NHTSA's contention that FCA did not meet those obligations.

The FCA recalls earmarked for scrutiny involve a range of Chrysler models that date back to 1993, including Dodge Ram pickups, and Chrysler Town and Country minivans.

As one example of what it said was FCA's failure to remedy vehicle defects in a reasonable time, NHTSA cited a series of three recalls from 2013, involving a million Dodge Ram trucks with potentially defective tie rods. The agency said FCA could not produce enough repair parts and that some of the replacement parts failed after repairs were made.

"At this time, a year and a half after the recall notices were filed, many of the vehicle remain unrepaired," NHTSA said.

Source: Autonews

Toyota tops in retained value, Edmunds.com awards show

ToyotaParts Motor Corp. came out on top in Edmunds.com’s annual Best Retained Value Awards, nabbing a brand-level award and four model-level awards.
The awards recognize brands and nameplates that have the highest projected residual values after five years compared to their average transaction prices when sold new.



ToyotaParts won the nonluxury division with a projected 52.4 percent residual value after five years. The 2015 models of the Tacoma, Avalon, Tundra and Highlander were among the award winners in 24 segments.

Among all segments and nameplates, the Tacoma pickup had the highest average retained value after five years at 64.5 percent. Second to the Tacoma was the 2015 Jeep Wrangler with 62.4 percent.

“Smart car shoppers who are likely to sell their car within five years should always stop and consider projected residual values before making a new car purchase,” Edmunds.com Consumer Advice Editor Carroll Lachnit said in a statement. “Whether you are leasing or buying, the retained value of a car can make a big difference in your wallet.”

AcuraParts took home the luxury brand-level award with a projected five-year residual value of 46.9 percent.

Acura had two model-level award winners: the 2015 ILX with 48.2 percent and the 2015 RDX with 44.8 percent.

Source: Autonews

Saturday 13 June 2015

How Self-Driving Cars Will Disrupt A $200 Billion Industry

No Need For Insurance: How Self-Driving Cars Will Disrupt A $200 Billion Industry

In the age of autonomous vehicles, driving your car could soon become illegalElon Musk recently suggested.

Additionally, getting rid of the driver could also have remove the need for private insurance, as all the liability in case of an accident would be transferred to the car’s manufacturer, the software creator, or other third parties. It makes sense, if you think about it for a minute: if you relinquish control over what your car is doing, why should you pay for any misdemeanor?

And it not just common sense: this possibility (purely theoretical, at this point) is outlined in an essay by Yale Law School student Jack Boeglin in the current issue of the Yale Journal of Law & Technology.

“If nondiscretionary-communicative vehicles became mandatory (as the introduction of either the interactive or remote-controlled models might require), there would be no need for private insurance, since all liability for AVs would be transferred to manufacturers,” writes Boeglin. He adds, “Eliminating the entire automobile insurance industry (which has roughly $200 billion dollars in annual revenue) would be a monumental boost to administrative efficiency.”



In this May 13, 2015 photo, Google’s new self-driving prototype car is presented during a demonstration at the Google campus in Mountain View, Calif. The car, which needs no gas pedal or steering wheel, will make its debut on public roads this summer. (AP Photo/Tony Avelar)

For insurance companies that might be a catastrophe, at least for a while, as they struggle to adjust, but they could soon find other revenue streams, like signing deals with manufacturers.

The chance of having passengers’ full attention during a drive would also create a huge amount of possibilities of monetization for advertisers and content providers.

On the customer’s side, not having to pay for an insurance could prove an irresistible bait for cash-strapped car owners, helping them overcome all their fears related to the further erosion of privacy that could take place if driverless, connected and remotely-controlled vehicles become mainstream.

In Boeglin’s view, freedom, privacy, and liability are not independent elements, but interlocking pieces, that together compose the puzzle of driverless cars’ regulation. It’s like a formula, the final result of which depends on the weight of each element of the equation.

Do you want more privacy and freedom? You’ll have to pay for it. It’s not an altogether new concept. A number of insurance companies already allow customers to pay less, if the consent to install a ‘black box’ on their vehicles which keeps track of certain parameters, like stopping speed, acceleration, and turning radius. Usage-based insurance programs like Progressive PGR -0.22% Snapshot and Allstate ALL -0.18% Drivewise are good examples of that.
But intelligent cars, with the assistance of 360-degree cameras, could provide much more information: from whether a safe braking distance was observed and the laws of the road were followed to how smoothly turns were handled.
“These vehicular telematics could also provide a telling comparison between the driving behaviors of the human driver and her automated companion,” Boeglin says.

In other words, they could help estimate the ‘percentage’ of driver’s fault in case of an accident and distribute the liability between the man and the machine. In the case of what the student calls ‘discretionary communicative vehicles’ (those in which the driver can still override autonomous driving) the guilt would be pondered in accordance with the evidence collected by the vehicle’s computer.
In the extreme scenario, in which the human completely relinquishing control to the machine, all the liability would go to the manufacturer.

Source: Forbes

 

Wednesday 10 June 2015

2016 Ferrari 488 GTB first drive

Ferrari turbocharges its way to the future

What is it?
It’s a new Ferrari, and that might be all some people need to know. Only this is a big one, for the brand and for car geeks far and wide. The 2016 488 GTB debuts early in Ferrari’s Brave New Turbo era, with very big shoes to fill.
It replaces the frequently acclaimed, much loved 458 Italia, which has been anointed by sundry critics as the best sports car in the world. It follows old-school Ferrari nomenclature -- 488 for the displacement of each cylinder (487.75cc) and GTB for Gran Turismo Berlinetta, which was first used on Ferrari’s first mid-engine V8 (the 308 GTB) when it debuted at the Geneva motor show 40 years ago -- rather than the more recent convention of total displacement combined with some revered locale like Modena, Maranello or Italia.
We’ve known it was coming since Geneva this year: the demise of the 458 Italia’s naturally aspirated V8, often dubbed the best anywhere, and the 9,000-rpm howl that follows it everywhere. There’s plenty of good news, nonetheless. The 488 GTB is a tad lighter than the 458, with a lot more horsepower and much more torque. It surpasses the 458 by any performance measure, and it’s loaded with enough new technology to fill a gearhead book. That tech puts the 488 GTB’s extreme charms within reach of all who can afford it (and then worm their way into an appropriate spot on the dealer’s waiting list).
2016 Ferrari 488 GTB engine, I2
The 2016 Ferrari 488 GTB's 3.9-liter twin-turbocharged engine
By now you know about the new turbo era, too, and the broader, seemingly inevitable creep toward turbocharged engines. It began at Ferrari last September with the California T -- its latest retractable-roof, front-engine GT -- and a 3.9-liter twin-turbo V8.
Ferrari has never been terribly fond of turbos, building fewer than a handful through its 66-year history. Before the California T, its previous turbo engines had appeared in the 288 GTO in 1984 and the F40 in 1987, when the high-performance renaissance was underway and turbos were the best way to make the power required of supercars.
The rationale behind Ferrari’s new turbo V8s is only slightly different, rooted in an increasing green consciousness among elite buyers and government mandates to reduce CO2 emissions. Forced induction remains the best -- maybe the only -- way to reduce displacement and continue the horsepower increases expected from a brand like Ferrari. While the engineers in Maranello frankly admit they’d probably prefer to pass on turbochargers, they also say the challenge has presented big opportunity.
The 488’s 3.9-liter V8 shares its upper cylinder block architecture with other members of Ferrari’s new F154 engine family, presently installed in the California T and the Maserati Quattroporte GTS. It’s cast at the same Maranello foundry as Ferrari’s Formula One engines, and, like the others, it employs a flat-plane crank. There the similarities essentially end.
2016 Ferrari 488 GTB interior wide shot, I3
Inside the Ferrari 488 GTB
The 488’s lower crankcase is reworked for dry-sump lubrication, with a variable-displacement primary pump and five scavenger pumps. The oiling system reduces internal drag 30 percent compared to the 458’s naturally aspirated 4.5-liter V8, according to Ferrari, and there are other friction reductions throughout the 488 engine.
Compared to the California T turbo, the 488’s gets different heads with thinner castings and more expansive cooling passages, different valve springs, different pistons, a different intake manifold with equal-length runners and different exhaust manifolds. It operates at generally higher temperatures than either the California T turbo or the 458 V8. The fuel gets hotter and cylinder pressures are higher, so pressure in the direct-injection system increases to 2,900 psi.
Then there are the two, twin-scroll IHI turbos -- as high-tech as we've seen. The compressors are larger than those in the California T, and fabricated from a low-density titanium-aluminum alloy that reduces inertia and maximizes spool-up speed. The shafts spin sheathed in ball bearings, rather than fixed bushings like just about every other automotive turbocharger on earth. The 488 turbos also use something that Ferrari calls “abradable seals,” which look something like reeds that press around the shafts. These self adjust as they wear and maintain a tighter seal over the life of the engine. Boost pressure peaks at 35 psi, compared to 19 psi in the California T.

2016 Ferrari 488 GTB rear 3/4 on track, I4
A rear 3/4 shot of the 2016 Ferrari 488 GTB on track
The result borders on startling. The 488’s 3.9-liter generates 660 hp at 8,000 rpm, and 560 lb-ft of torque at 3,000 rpm. That’s 107 more horsepower than the California T’s V8. More to the point, it’s 18 percent or 98 hp more than the larger 458 V8, with a mammoth 40 percent increase in torque (162 lb-ft). With 179 hp and 144 lb-ft per liter of displacement, the 488 GTB delivers the highest specific output of any road-going Ferrari to date.
Then come the efficiency gains. EPA mileage ratings are pending, but in the combined EU cycle, the 488 GTB’s fuel consumption (11.4 liters/100 km) drops 14 percent compared to the 458 Italia. CO2 emissions drop 6 percent on average, with considerably more power on tap, and 15 percent in steady-throttle operation.
Those numbers represent the big payoff for Ferrari, more than the turbo V8’s power gains. Yet the challenges of the turbo remain. When you put your foot in it, it has to go, sound and feel like a Ferrari, and that means joy at crazy-high revs without a significant drop in thrust.
Corrado Iotti, chief engineer for the F154 engine family, notes that the 488’s horsepower peak is still 8,000 rpm -- 1,000 lower than the 458’s, but far higher than most production V8’s are capable of revving. Yet to hedge its bets, Iotti’s team also applied Ferrari’s version of variable torque management in the 488 GTB. Its ECU adjusts boost and fuel flow to give the engine a different torque map and peak in each of the seven forward gears. The maximum torque available goes progressively higher with the gear, and the 560 lb-ft peak comes only in seventh. The point is to generate progressively stronger acceleration with speed, and to replicate the longitudinal acceleration curve of a normally aspirated engine.
2016 Ferrari 488 GTB front on track, I5
2016 Ferrari 488 GTB on track
Iotti also notes that, when the driver presses the throttle pedal, it takes just 0.06 second longer for torque from the 488’s turbo engine to reach its rear wheels than it does with the 458’s naturally aspirated V8. Six hundredths. And there’s a lot more torque.
Yet beyond throttle response or acceleration curves, there’s the sound. Ferrari spent four years addressing the sound. Turbos work something like a silencer on a handgun, or an extra muffler, but Iotti said no one ever considered fake, electronically generated cockpit noise. The first key is not wasting the noise the turbo engine generates. Among other things, the 488s headers have longer-than-typical, equal length tubing, to maximize harmonics before the flow gets to the turbos and promote the higher pitch of a screaming, naturally aspirated Ferrari V8.
Beyond the engine, Ferrari’s F1 dual-clutch automatic benefits from further development. Upshifts come 30 percent quicker, and downshifts 40 percent, which means the 488 can drop four gears in the time it takes the 458 to drop three. The E-Diff torque-shifting differential has a faster processor and new control algorithms, reducing response time and improving lateral acceleration in the process.
Ferraris says 85 percent of the 488’s parts are new, compared to the 458 Italia. The carryover includes the roof and floor panels, though the engineers say they’ve squeezed a bit more volume into the 488’s cockpit. The aluminum space frame changes mostly at the front and rear -- to accommodate the new engine and the extra airflow it demands.
The 488’s 104.3-inch wheelbase is identical to the 458’s. Its length and tracks increase slightly, yet its frame and shell are 65 pounds lighter. Even with 35 extra pounds for its turbo engine and intercoolers, the 488’s minimum curb weight drops 25 pounds. It bears slightly more weight on its rear wheels than the 458 (59 percent vs. 58 percent), thanks to the heavier engine.
2016 Ferrari 488 GTB profile from above, I6
The 2016 Ferrari 488 GTB in profile
Suspension improvements center on Ferrari’s new-gen SSM-E magnetorheological shocks and something it calls SSC2 (for side-slip control). First applied in the LaFerrari supercar, SSC measures the car’s slip angle on the fly, compares it to the driver’s data base of driving habits and demands, and then adjusts for either more allowable slip or more stability. It originally reacted using the variable-torque E-Diff and traction control. In the 488, SSC adds the adaptive shocks to its management tools, adjusting damping rates at individual corners to minimize body roll and maximize stability.
Bottom line, the 488’s maximum roll angle decreases 12 percent compared to the 458, without stiffer springs, and peak lateral acceleration increases 6 percent on street-oriented Michelin Pilot Super Sports (20-inch 245/35 front and 305/30 rear). Its standard carbon-ceramic brakes are larger than the 458’s, but six pounds lighter. Stopping distances decrease 9 percent, according to Ferrari.
Ferrari’s recent preoccupation with aerodynamics continues in the 488, focused on the challenging task of generating legitimate downforce (as opposed to reducing lift) while also reducing drag—all while feeding the 488’s greater cooling demands. The specifics, including vortex generating channels in the underbody sheathing, could fill an engineering students master’s thesis. Highlights in front include an F1-inspired double splitter, separated by something Ferrari calls an Aero Pillar in the center. The pillar is designed to manage the mass of air striking the front of the car and distribute it effectively along both longitudinal and transverse planes.
In back, the 488 gets a Ferrari-patented “blow spoiler.” Its lip is lower than typical, and barely noticeable in profile, but its surface is more steeply curved. An open channel in the middle bleeds a swath of air through the center of the spoiler and down over rear bumper to break up the vortices that trail the car. The blow spoiler generates downforce in back without the extra drag of a taller spoiler. A larger rear diffuser speeds airflow from under the car. Its chip-controlled active veins adjust to either maximize downforce or reduce drag. As a result, the 488’s dual exhaust tips are positioned wider and higher in the bumper than the signature tri-tips on the 458 Italia.
2016 Ferrari 488 GTB rear from above, I7
View of the 2016 Ferrari 488 GTB rear from above
Ferrari says its wind-tunnel handiwork generates average downforce of 715 pounds at 155 mph -- up 50 percent from the 458. The coefficient of drag, meanwhile, drops from 0.330 to 0.324.
The 488 GTB is the second Ferrari styled by Centro Stile Ferrari, after LaFerrari. Both engineers and designers say that in-house design gets more critical as engineering and aero get more complicated, allowing closer, more constant collaboration that’s harder to manage with a traditional styling house. The challenge, they say, is resolving conflict between engineering demands and aesthetics.
The 488 looks a bit chubbier than the 458 through its midsection and around its new engine. The most obvious difference is big, scalloped air channels -- homage to the 308 GTB -- along its doors to the intakes on its hips. Those intakes are partitioned across the middle, with the top section directed to the turbocharger intake and the bottom feeding the intercoolers.
The 488 is just clean and generally unadorned. As it’s been through much of Ferrari’s history, and particularly of late, the aggression is organic in the shape, rather than a collection of racy details. There are standout details, nonetheless, including door releases that are also little winglets directing air toward the side intakes. The third brake light is a matrix of 12 individual LEDs in the middle of the rear diffuser, like the rain light on an open-wheel race car.
Inside, the 488 has the same floating dash as just about every mid-engine Ferrari V8 since the 308, with no stack or connection to the center console. There’s the familiar switch bridge on the console and Ferrari’s multi-function Manettino steering wheel, now with a keyless start button and longer carbon-fiber shift paddles. Updates include a faster infotainment processor and new graphics from the California T, an optional performance display for passengers hidden in the carbon-fiber trim strip above the glove box, and standard 1,280-watt JBL audio with 16 channels.
2016 Ferrari 488 GTB engine through glass, I8
The 2016 Ferrari 488 GTB's midengine
The 2016 488 GTB hits North American dealerships in September for $242,737, including destination. That’s a hair less than a 2015 458 Italia. Ferrari’s feature color is Rosso Corsa Metallizzato (traditional Ferrari red, with metallic that glints orange), but the 488 will be available in 16 standard paint and leather colors, with six wheel designs. There’s a range of carbon-fiber options inside and out, including the front spoiler, rear diffuser, intercooler intake splitter, door panels and console bridge. All buyers get seven years of standard maintenance.
The world changes. For Ferrari it’s gotten more complicated, far beyond the legislative pressure behind the turbocharged engines. Enzo’s creation is about to become a publically traded company, as Fiat Chrysler Automotive milks what it can from its most successful brand with a pending IPO.
Meanwhile, under stewardship of the Volkswagen Audi Group, Lamborghini has grown much more competitive, and there’s another potential threat that did not exist when the 458 Italia was launched. Ferrari engineers confidently insist that the 488 GTB surpasses McLaren’s 650S in every measurable parameter. While that may or may not be true, the folks in Maranello would never have acknowledged McLaren as a potential production-car competitor five years ago.
Where it goes, no one knows. What we can tell you about the 488 after a teasingly short blast around Ferrari’s Fiorano test track, then an afternoon in the hills and valleys around Maranello, is important enough. There’s no reason to fear the turbo.
2016 Ferrari 488 GTB Manettino wheel, I9
2016 Ferrari 488 GTB Manettino wheel
How’s it drive?
The 488 GTB lives up to just about everything you’d want or expect, but the analysis comes down to a central question: Can a turbocharged engine deliver on expectations formed by the greatest of naturally aspirated V8s?
Yes, ultimately, with a plus or minus here and there.
2016 Ferrari 488 GTB IP, I10
2016 Ferrari 488 GTB instrument panel
As hard as Ferrari tried, the 488 does not sound like a 458 Italia. The new berlinetta’s primary emotion inducers are lower frequency. Its engine noise is less metallic, less shreekeeekeee -- closer to a bellow than a 458 is to a Banshee wail. That shouldn’t imply that the 488 sounds bad. It sounds fabulous.
The payback is substantial, of course, and it starts with the very obvious increase in torque. There’s nothing in the 488 that we’d call turbo lag. Indeed, its reaction to the gas pedal feels even more right-now than the 458. The new stallion kicks when you floor it, and you won’t long be missing whatever aural gratification it gives up to that shrieking sexpot of a 458.
How does one convey the sensation? It might not be worth the trouble, because the acceleration numbers probably say as much as type can. But when you get its wheels straight at an exit, or when you’re faced with a flat, empty stretch ahead, the 488 GTB delivers a rush once reserved for Indy cars or a Yamaha V-Max. It loads your head like a pop of amyl nitrite, slams the saliva toward the back of your throat and twists your gut for a second or two. It’s more intense down low, compared to a 458, but the crazy thing is that the 488 doesn’t run out. Thanks to appropriate ratio selection and Ferrari’s torque management strategy, it just goes and goes if you can find the room to keep it flat. The 488 requires six seconds to go from standstill in first to the rev limiter in fourth. It goes from 0-124 mph in 8.3 seconds, according to Ferrari, and covers the first full kilometer in 18.7.
2016 Ferrari 488 GTB console bridge, I11
2016 Ferrari 488 GTB console bridge, I11
Its throttle can be sensitive, and if there’s a drawback to all the torque and its near-immediate delivery, it may be that the 488 is harder to manage through any sustained sort of throttle steer than the 458. That matters only when the Manettino is dialed to CT Off, of course, and it may add a more brutish element to the 488’s repertoire. But it can be managed.
Watch development driver Raffaele De Simone as he guides you around Fiorano with the 488 locked in a tire-wasting, third-gear, 100-mph drift, casually explaining that Enzo’s personal track is very technical and demands a very conservative approach. A “polite style,” De Simone calls it, apparently oblivious to the implication of his slide. It won’t do much for a mere mortal’s ego, and it could dampen enthusiasm for the opportunity that awaits.
Just don’t pass it up, because the proper line will invariably be marked by lain-down rubber, and by the first full run down the pit straight, the 488 will have restored your confidence. Its steering is awesome -- much better than the front-engine Ferraris, and maybe a bit firmer than the 458s, but no less sensitive. It brakes into bends and throttles out with near perfect balance front to rear, and its neutrality is upset only by the driver’s technique. Regardless of technique, it’s a blast.
At De Simone’s hand, the 488 is faster than the 458 Italia around Fiorano by two seconds, and equal to the late-cycle, track-oriented 458 Especiale, with street tires. The difference is Ferrari’s SSC2 and the electronic bits and algorithms that manage the 488’s power delivery and suspension. And it’s exactly those things that make the 488 GTB a fantastic car for anyone who enjoys driving. Ferrari engineers call it maximum accessibility. We might call it crafted speed, but all you really need is a lick of sense and a desire to try it.

2016 Ferrari 488 GTB interior from side, I12
2016 Ferrari 488 GTB interior
This Ferrari offers an extreme performance envelope, and talented, well-practiced drivers can shut off the gizmos and explore the edges. Yet it’s also good for novices, even at a technical track like Fiorano. Properly configured, it instills a high level of confidence and leaves a good margin for error, and it allows that margin to be decreased as skills improve. It makes old, slow guys feel young and aggressive again, and to Ferrari’s viewpoint, that might be its most valuable trait of all.
Maybe best of all, the charm doesn’t fade on public highways. The adaptive shocks allow a fairly supple ride for a car of this type, but the 488’s athleticism remains. There’s no crashing suspension in front, no lateral jerks in back, no groove tracking. And there’s another turbo payback, probably to the good. The 488 seems the quieter road car, compared to the 458. Its generally lower pitch seems less inclined to penetrate the cabin at more moderate engine speeds.
The turbo engine provides less flywheel effect than the 458’s larger V8. Press the gas hard and it rockets; lift, the boost drains and it dives. That can be good when it comes to saving the brakes, but bad when there are fairly frequent, substantial pulses in traffic. The trick for smooth travel on the road is moderate application of throttle, and staying out of the high-boost zone.
The 488’s cockpit seems a bit less edgy than the 458’s, maybe less avant-garde. Or maybe we’ve just gotten used to it. Its console switch bridge is definitely less bizarre. The thin-shell seats look light, minimalist, but they’re also appropriately padded -- supportive and nearly slide-proof, yes, but quite comfortable. Getting in and out is hardly a chore, though tall folk may have a problem with the low roof.
2016 Ferrari 488 GTB controls, I13
2016 Ferrari 488 GTB controls
The displays screens are easier to follow, with better graphics and a more direct interface, and the Manettino wheel is fantastic. The value of the rev-counting LEDs along the top of its rim should not be minimized. It’s obvious in fairly short order that you don’t need stalks -- that life is better with turn signals and wipers under the thumbs. There are several places to keep things in the 488 GTB without them being displaced the first time you hit the gas, and the view from the driver’s seat is never a serious impediment. Ahead, it’s wide open. The tough spots are over the driver’s shoulders on each side and immediately behind the bumper. Yet the first is well addressed by the side mirrors, and the second by reverse park sensing. It all seems a bit crazy in the traditional Italian Exotic scheme.
Is the 488 GTB better than a 458 Italia? It’s faster, and no less desirable. It’s full of extremes, and six seconds quicker around Fiorano than Ferrari’s last mid-engine turbo -- the beastly F40. But the 488 doesn’t punish in any fashion, and it doesn’t hide its thrills in a dungeon few can breach. It’s a great car for learning track days, a wonder of technology, a piece of fine art and almost exactly what Ferrari promises. The Ferrari quirks it keeps are predominately good.
You decide if it’s better.
2016 Ferrari 488 GTB on track, I14

Johnson Controls Eyes Sale of Automotive Business

Johnson Controls will explore a possible sale of its automotive business, a potentially significant shift in the industry's supply chain.



The supplier, which revealed the decision this morning, said it does not have a specific time frame for its "strategic review." The company said the outcome could involve a range of options, which it did not detail, for its seating business.
Johnson Controls also said it would evaluate growth options as an alternative.

"Today's announcement continues our strategy of proactive portfolio management to drive focus on strategic product-oriented businesses where we can be a global market leader, drive more profitable growth and deliver maximum long-term value for our customers and shareholders," CEO Alex Molinaroli said in a statement.

Theodore O'Neill, senior analyst at Ascendiant Capital Markets, said he's confident Johnson Controls will find a suitor for its automotive business. The seating business had $17.5 billion in annual revenue, according to a company presentation on the possible sale.

O'Neill estimated the business could sell for $20 billion to $40 billion, which would make it one of the largest deals of the year.

He said possible buyers could include auto supplier Lear Corp. or Chinese manufacturers.

"It's definitely going to happen. There's no question it's going to happen," O'Neill said in an interview. "The market's totally ripe for this because the car industry is doing OK."

Citi analyst Itay Michaeli said in a research note that the outcome of the sale process is "highly uncertain," but the decision is a welcome one.
JCI stock jumped 5% on the news in early trading Wednesday.

The company's announcement comes as the U.S. auto industry is flourishing, with widespread expectations that industry sales will top 17 million vehicles for the year.

Johnson Controls, often referred to as JCI, hired Goldman Sachs, Centerview Partners and Wachtell, Lipton, Rosen and Katz as advisers on the review.

Source: usatoday

Thursday 4 June 2015

Top 20 best-selling vehicles in May

Checkout here, where your Make was positioned

1) In first place, all hail the perrenial winner, Ford F-Series Parts

2) In second place, as always, is Chevrolet SilveradoParts


3) In third place, up from fourth is Toyota Camry Parts


4) In fourth place, down from third, is Ram 1500 Parts

5) In fifth place, unchanged, is Toyota Corolla Parts
 
6) In sixth place, Honda Civic Parts is up from eighth
 
7) In seventh place, up from 13th, is Nissan Altima Parts



8) In eighth place, Honda Accord Parts is up from ninth
 
9)In ninth place, Honda CR-V Parts moves down from sixth

10) In 10th place, Ford Fusion Parts is up from 11th place last month
 
11) In 11th place is Chevrolet Equinox Parts, down from seventh

12) In 12th place, down from 10th, is Ford Escape Parts


13) In 13th place, down from 12th, is Toyota RAV4 Parts


14) In 14th place, up from 15th is Nissan Rogue Parts
 
15) In 15th place and new to the list this month, Ford Focus Parts


16) In 16th place, unchanged from last month, is Chevrolet Cruze Parts
 
17) In 17th place, down from 14th, is Hyundai Elantra Parts



18)In 18th place, up from 19th in April, is Jeep Wrangler Parts

19)  In 19th place, up from 20th, is Ford Explorer Parts

20) In 20th place comes the Chevrolet Malibu Parts, new to the list this month.