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Automotive News

Car quality is getting worse, JD Power finds

June 27, 2023

New-vehicle quality improved at 12 of 33 brands ranked in the study: Dodge, Ram, Alfa Romeo, Porsche, Maserati, Jaguar, Subaru, Jeep, Mitsubishi, Audi, Chrysler and Volvo. “It’s not one thing that’s detrimental in the industry,” said Frank Hanley, senior director of auto benchmarking at JD Power. “There’s just a lot of little things going wrong, and it’s adding up to big problems for customers.” The number of problems tracked per 100 vehicles rose 6.5 percent from 2022 to 2023, following an 11 percent rise from 2021 to 2022, Hanley said. Before then, the largest increase in problems in a given…

Automotive News

Millions Of Kia Cars Could Have Dangerous Airbags

June 26, 2023

View of the dashboard of a 2007 Kia Optima as it’s being driven.good morning! It’s Thursday, June 1, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Kia And ARC Automotive On Wednesday, a newly released federal document placed the number of Kia vehicles equipped with airbags supplied by Knoxville-based ARC Automotive at almost 4 million, according to The Wall StreetJournal. This is believed to be merely a fraction of the total number of affected…

Automotive News

The Infiniti showroom redesign is lounge-like

June 26, 2023

The lack of fresh product has put Infiniti into a multi-year slump. Last year, the brand reported 46,619 US sales, its lowest since 1992, according to Automotive News Research & Data Center. Another retailer also said he’s unlikely to pull the trigger on a store upgrade until he sees a “Cadence product that is true and believable — not just promises.” “Infiniti has been a disappointing brand for years,” Haig said. “Its dealers are not making any meaningful money compared to almost any other franchise.” Anticipating the pushback, Infiniti is pitching the redesign to its dealers as optional. “It’s not…

Automotive News

EV makers are dividing into leaders and stragglers in US

June 25, 2023

Some of the recent darlings of the EV market, including Kia and Rivian Automotive, are off to a slow start this year due to supply chain issues and the loss of the federal EV tax incentive because of tougher eligibility rules. Overall, new EV registrations grew 72 percent in the January to April period, according to Experian, driven primarily by Tesla, with 52 percent growth and a 60.8 percent share of the electric-car market. Non-Tesla brands split the rest of the EV market among 24 marques. But not all makers are enjoying the EV sales surge evenly. And some promising…

Automotive News

Reasons DIY Auto Glass Solutions are a Bad Idea

June 24, 2023

You may be tempted to try DIY auto glass solutions to resolve cracks in your windshield or other damage to your auto glass. However, these at-home kits can fail to produce the desired results and can even cause additional damage to your vehicle’s windshield in many cases. A Low Chance of Success According to the National Windshield Repair Division of the Auto Glass Safety Council, less than 10 percent of all auto glass damage can be repaired safely with DIY auto glass solutions. Even if your windshield falls to this 10 percent, the chance that you could repair it to…

Automotive News

Buick Electra E4 goes on sale in China

June 24, 2023

Buick launched sales of its second Ultium platform-based electric vehicle, the Electra E4, this week in China, as General Motors continues to expand its lineup of EVs in a key market. The electric coupe, available in two- and all-wheel-drive versions, is priced from 189,900 yuan ($26,448) to 259,900 yuan, GM’s China unit said. It is 4,818 mm long, 1,912 mm wide and 1,581 mm tall, with a 2,954 mm wheelbase. The two-wheel variant, installed with a 65 kWh battery pack, can drive up to 530 kilometers on one charge. A permanent magnet synchronous motor in the front generates a maximum…

Automotive News

The Port of Vancouver creates a ‘logistical nightmare’ for Canadian auto deliveries

June 23, 2023

Delays of up to a month at the Port of Vancouver, driven by heightened vehicle imports and a shortage of railcars, are prompting automakers that ship vehicles through the West Coast logistics hub to enact elaborate contingency plans to get vehicles to Canadian dealers. Facing weeks of waiting at Vancouver’s Annacis Auto Terminal, Hyundai Auto Canada, for one, has begun diverting vessels to ports in the United States, where vehicles are offloaded, placed on railcars and shipped across the border into Canada. The rerouting is no simple task, said company CEO Don Romano, but it beats a month of idling…

Automotive News

Stella Automotive AI hires Rich Sands as CEO

June 21, 2023

Stella Automotive AI, a Tampa, Fla., auto retail technology startup funded in part by dealership groups Maroone USA and Pohanka Automotive Group, has hired auto industry consultant Rich Sands as its new CEO. His hiring, effective May 26 and announced Monday, comes after the company in early May announced it had closed a seed round of financing. Beyond Geoffrey Pohanka, the 2023 chairman of the National Automobile Dealers Association and chairman of his namesake group, and Mike Maroone, CEO of Maroone USA, funding round participants included Czubay Family Enterprises and Presidio Group, a Denver and Atlanta investment banking and advisory…

Automotive News

VW’s PowerCo, Stellantis, Glencore back $1B mine deal in Brazil

June 20, 2023

LONDON — Global miners Glencore, Stellantis and Volkswagen Group’s battery unit PowerCo have agreed to back a $1 billion deal by blank-check fund ACG Acquisition Company to buy two mines in Brazil, ACG said. The deal comes as a mining M&A spread picks up, spurred in part by investors betting on the rising demand for metals needed for the global green energy transition in coming years. ACG, a London-listed special purpose acquisition company (SPAC), will buy the Santa Rita nickel sulfide and Serrote copper mines from private equity funds advised by Appian Capital, which has hired Standard Chartered and Citigroup…

Automotive News

2024 Polestar 2 to start at $51,300

June 19, 2023

Polestar’s electric fastback, the Polestar 2, delivers more power, range and content for the new model year — along with a higher sticker price. The 2024 models arrive in August. The updated Polestar 2, like its XC40 and C40 siblings from major shareholder Volvo, receives a new-generation permanent magnet electric motor and new silicon carbide inverters to help boost efficiency and performance. It also gets larger, improved lithium ion batteries. For 2024, the single-motor Polestar 2 starts at $51,300, including shipping — a 3 percent premium over the current model. The single-motor variant shifts from front- to rear-wheel drive. A…

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