Tag: Motors (Page 3 of 4)

Tesla Sedans Regain Consumer Reports Recommended Status

November 14, 2019 / WIL BALDWIN

DETROIT (Reuters) – Tesla Inc’s <TSLA> Model 3 and S sedans both regained “recommended” status in Consumer Reports magazine’s annual reliability survey, allowing the electric carmaker’s overall standing to rise slightly.

Tesla’s ranking improved four spots to No. 23 out of 30 brands in the U.S. market as it worked to resolve production problems with the Model 3, said Jake Fisher, senior director of auto testing at Consumer Reports. Both the Model 3 and S raised their reliability ratings to “average.”

“People really like their cars,” he said of Tesla owners. “Hopefully, if that frantic rate of change can slow down a bit, they can maintain reliability.”

Tesla has touted the popularity of the Model S, listed in the top ranks of a different Consumer Reports survey, on owner satisfaction, every year since 2013 when the carmaker was first included.

Fisher cautioned he expected Tesla’s reliability to remain fluid given its inconsistent track record.

Tesla’s Model X SUV still ranks among the least reliable models, according to the annual survey released on Thursday.

The poll predicts which new cars will give owners fewer or more problems, based on data collected for more than 400,000 vehicles. Its scorecard is influential among consumers and industry executives.

Reliability rankings tend to suffer when automakers offer new or redesigned models, which dragged down Volkswagen AG’s <VWAGY> namesake and Audi brands. The VW brand slid nine spots to No. 27, while Audi fell seven spots to No. 14.

Brands with no major changes to their lineups, such as Fiat Chrysler Automobiles’ <FCAU> Dodge and Chrysler, made significant gains. Dodge was the highest ranked U.S. brand at No. 8, making the biggest gain of 13 spots. Chrysler rose seven spots to No. 19, while Jeep finished at No. 26.

Ford Motor Co’s <F> Lincoln and Ford brands were No. 15 and 16, while General Motors Co’s <GM> Buick, GMC, Chevrolet and Cadillac brands ranked No. 18, 22, 25 and last at 30, respectively.

The reliability of full-sized pickups, the most popular vehicles in the U.S. market, was weak. Ford’s F-150 and FCA’s Ram trucks were rated “well below average,” while GM’s pickups – the Chevrolet Silverado and GMC Sierra – both had “below average” reliability.

Toyota Motor Corp’s <TM> Lexus luxury brand finished atop the survey, followed by Mazda Motor Corp <MZDAY> and the Toyota brand.

(Reporting by Ben Klayman in Detroit; Editing by Richard Chang)

SBB’s New Double-Deck Train is Getting Better and Better

November 10, 2019 / WIL BALDWIN

Significant increase in reliability and ride comfort

The introduction of the new “FV-Dosto” double-deck long-distance train on the Swiss Federal Railways (SBB) route network is making significant and measurable progress. As the manufacturer Bombardier Transportation explained at its Swiss headquarters in Zurich, the reliability of the 25 trains available to the SBB has been increased by a factor of seven, and ride comfort has been substantially improved thanks to newly installed software. This and the train’s highly energy-efficient drive concept, also led to a significant improvement in punctuality on the routes operated with the FV-Dosto. With the help of software developed and adapted by Bombardier, it has been possible to reduce the previously noticeable vibrations, particularly in the upper decks of trains by up to 75 per cent, thereby substantially increasing ride comfort.

As Stéphane Wettstein, the Swiss Managing Director of Bombardier Transportation, explained, the technical reliability of the FV-Dosto trains used, once again significantly increased to 6,914 km of trouble-free operation in October. This corresponds to an improvement by a factor of seven over the last 11 months. Approximately 34 per cent of service disruptions are caused by operational and passenger-triggered incidents and accordingly affect the overall reliability of operations. Wettstein put the increase in the technical reliability of the trains down to the effectiveness of the agreed actions and the increasing mileage of the Dosto fleet, which has now covered a total of around 2.27 million kilometres. He is therefore confident that technical and operational reliability will continue to improve steadily. Since the timetable change in December 2018, around 75 per cent of the technical causes of disruptions have been eliminated.

Reliability and drive concept have a positive effect on punctuality

The greater reliability and increasing trouble-free availability of the trains also have a positive effect on the punctuality of the IR and IC services operated by the FV-Dosto. According to the surveys on the statistics website pünktlichkeit.ch, it is better in eastern Switzerland than in other parts of the country. This is not only due to higher reliability of the FV-Dosto trains, but also to their drive concept: unlike conventional trains, the FV-Dosto is not pulled or pushed by a locomotive, but driven by high energy-efficient and permanent magnet motors on the axles of the individual carriages. This allows long-distance trains to accelerate much faster, which positively contributes to timetable adherence.

Substantial improvement of ride comfort

In recent weeks, great progress has also been made in terms of ride comfort. With the new software installed in September 2019, it has been possible to eliminate the vibrations that used to be felt, mainly in the upper deck, to such an extent that some of them are now lower than in conventional double-deck trains. However, Stéphane Wettstein pointed out that, although Bombardier’s mechatronic bogies had been able to improve ride comfort, railway infrastructure, which also influences passengers’ level of comfort, has not gotten any better.

The technologically complex system for eliminating vibrations is based on stabilizing the carriage body in every driving situation, in such a way that the passenger feels less of the centrifugal forces in curves and changes of direction when passing over points than in conventional double-deck or tilting trains. While the ICN tilting train, which was also built by Bombardier as the consortium leader, tilts inwards in curves up to 7°, the FV-Dosto stays perpendicular to the track level. Together with the drive system and the pressure-tight carriage body, which prevents unpleasant pressure on the ears, especially when travelling through tunnels, this system is one of the major innovations of what is currently the world’s most modern long-distance train.

SBB already has 25 new trains

“The FV-Dosto is technologically a leading product in the industry in terms of its energy efficiency and the wide range of comfort it offers its passengers, even on a global scale – something Switzerland can be proud of, especially since important systems such as the traction or the bogies were developed in Switzerland and are largely manufactured in Switzerland,” says Swiss Managing Director of Bombardier Transportation Stéphane Wettstein.

Bombardier has now delivered a total of 25 of the FV-Dosto trains, which corresponds to SBB’s planning for the timetable change in 2019. By summer 2021, the entire fleet of (62) trains will have been delivered. The great public interest in the FV-Dosto has also prompted Bombardier to intensify communication regarding this high-tech train. The company has launched a website at swissdosto.ch which provides continually updated information on the introduction and operation of the train on the Swiss rail network.

Bombardier creates considerable value in Switzerland

Bombardier Transportation is one of the world’s largest manufacturers of public transport vehicles, mainly rail vehicles. The company is headquartered in Montreal, Canada and employs around 40,000 people around the world. More than 100,000 Bombardier vehicles are in service worldwide, carrying some 500 million passengers every day. In Switzerland, Bombardier’s roots go back some 120 years; many of the famous Swiss railway manufacturers from Secheron and MFO to BBC, ABB and Schindler Waggonbau to SLM have been combined under Bombardier over the decades. Today, around 870 employees work for Bombardier in Switzerland, 340 of them at the headquarters and global development centre in Zurich and 530 at the Villeneuve (VD) plant. Numerous Swiss suppliers are also involved in the development and production of the FV-Dosto, and their order volume accounts for around 50 per cent of the total external investment volume of CHF 600 million for the (62) ordered trains. After all, Bombardier is not only the supplier of FV-Dosto for SBB, but also of locomotives, technical services and the BOMBARDIER FLEXITYtram, which is already being used successfully in Geneva and Basel and the first of which will also be handed over to the Zurich public transport operator VBZ on November 15, 2019.

Fiat Chrysler, Peugeot Owner PSA Once Again in Talks to Combine

October 29, 2019 / WIL BALDWIN

(Reuters) – Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday.

Fiat Chrysler shares rose sharply after news of the talks and ended up more than 7.5% in U.S. trading. The companies and the French government had no comment.

The Wall Street Journal first reported the discussions. PSA’s supervisory board was due to meet on Wednesday to discuss the potential merger, another source close to the matter said.

If a combination of Peugeot and Fiat Chrysler succeeded in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.

Peugeot Chief Executive Carlos Tavares has predicted “ten years of chaos” for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.

Investors have speculated for several years that Fiat Chrysler was hunting for a merger partner, encouraged by the rhetoric of the company’s late chief executive, Sergio Marchionne.

In 2015, Marchionne outlined the case for consolidation of the auto industry and tried unsuccessfully to interest General Motors Co in a deal. Fiat Chrysler earlier this year broached a merger with French automaker Renault SA that ultimately collapsed.

Created when Fiat, under Marchionne’s leadership, bought control of Chrysler out of a U.S. government-backed bankruptcy in 2009, Fiat Chrysler has one of the global auto industry’s most profitable franchises in the Jeep sport utility vehicle brand and a money-spinning North American pickup and commercial van operation in Ram. Both would boost Peugeot, which does not sell vehicles in the U.S. market.

Peugeot and Fiat Chrysler could over time share engines and vehicle architectures, reducing capital spending and freeing up cash to invest in electric vehicles and emissions reduction technology required in Europe, China and other global markets.

Fiat Chrysler is under increasing pressure to invest in clean car technology. The company disclosed earlier this month that it faces a $79 million fine for falling short of U.S. fuel efficiency standards. Fiat Chrysler agreed to pay U.S. electric car maker Tesla Inc for credits to help it comply with European emissions standards until 2022.

Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot “should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger.”

Peugeot and Fiat Chrysler had discussed a combination earlier this year, before Fiat Chrysler proposed a $35 billion merger with Renault. At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot.

Fiat Chrysler Chairman John Elkann broke off talks with Renault in June after French government officials intervened and pushed for Renault first to resolve tensions with its Japanese alliance partner, Nissan Motor Co.

Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners. But he said the Italian-American automaker could go it alone despite mounting costs to develop electric vehicles and comply with tougher emissions rules in Europe, the United States and China.

Along with Jeep and Ram would come Fiat’s Italian operations, which have struggled in recent years. Fiat’s Mirafiori assembly complex in its home city of Turin has run below 50% capacity, with thousands of workers on temporary layoffs.

Overall, Fiat has 58,000 workers in Italy, where the government has long resisted mass lay-offs by large employers.

Peugeot’s Tavares dismissed the idea of a combination with Fiat Chrysler during a discussion with reporters at the Frankfurt auto show last month. “We don’t need it,” he said when asked whether he was still interested in a deal with Fiat Chrysler.

Tavares has moved aggressively to expand Peugeot, acquiring German auto brand Opel from General Motors Co for $2.6 billion in 2017. Since then, he has overseen a turnaround at Opel.

Fiat Chrysler already has a commercial vehicle partnership with Peugeot.

(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel, Richard Chang and Dan Grebler)

General Motors to Restart Mexican Plants after Labor Deal Ratified

October 25, 2019 / WIL BALDWIN

MEXICO CITY, Oct 25 (Reuters) – General Motors Co will gradually restart operations at several idled plants in Mexico beginning this weekend, after unionized workers for the U.S. automaker ratified a new labor contract, the company’s Mexican unit said on Friday.

The United Auto Workers (UAW) union announced earlier on Friday that its members had formally approved a new four-year labor contract with General Motors, ending a 40-day strike with the top American automaker.

GM said that by the end of next week all of its Mexican operations should be operating normally with all employees back to work.

In a statement, GM’s Mexican unit said its Ramos Arizpe motors plant will resume operating on Saturday, while its transmissions plant and Chevrolet Blazer assembly line located at the same facility will start back up on Monday. The Ramos Arizpe facility is located in the Mexican border state of Coahuila, just south of Texas.

All of the plants located at GM’s Silao facility, in central Guanajuato state, will restart on Monday.

Thousands of Silao workers had been furloughed as anxiety grew earlier this month among residents who viewed the facility as the city’s economic anchor.

Tensions over the future of manufacturing in North America were at the heart of the striking GM workers. The debate pitted U.S. labor advocates eager to reduce Mexico’s cost advantage against Mexican trade unions fighting to protect local jobs.

The strike began in September with UAW negotiators demanding higher pay for workers, greater job security as well as a bigger share of profits and the protection of healthcare benefits.

(Reporting by Anthony Esposito; Writing by David Alire Garcia; Editing by Sandra Maler and Leslie Adler)

Electric Vehicle Startup Rivian Gets Big Van Order From Amazon.com

September 20, 2019 / WIL BALDWIN

DETROIT, Sept 19 (Reuters) – Electric vehicle startup Rivian Automotive LLC got a big boost from one of its investors on Thursday when Amazon.com announced it was ordering 100,000 electric delivery vans.

Before Rivian has even begun commercial production at its factory in Normal, Illinois, the Amazon order rocketed it to the forefront of electric vehicle makers.

Amazon Chief Executive Jeff Bezos said in Washington that as part of the online retailer’s plan to be carbon neutral by 2040 it would order the electric vans from Rivian, with deliveries starting in 2021. The goal is to deploy all the vehicles by 2024.

Rivian, a potential rival to Silicon Valley’s Tesla Inc, unveiled its electric R1T pickup and R1S SUV last November, but had piqued Amazon’s interest earlier. Bezos personally reached out to Rivian CEO R.J. Scaringe last summer to express interest in an investment, sources previously said.

Plymouth, Michigan-based Rivian, founded in 2009, has raised close to $1.9 billion from investors, including a $700 million February round led by Amazon.

The deal solidifies Rivian’s place among EV builders, said Sam Fiorani, a vice president with Auto Forecast Solutions. “It helps boost the image of the (Rivian) brand,” he said.

Rivian aspires to be the first to produce a mass market electric pickup. It intends to begin selling its R1T by the end of 2020, a target that has not changed with the Amazon deal in place, said Rivian spokeswoman Amy Mast said.

Traditional U.S. automakers Ford Motor Co, a Rivian investor, and General Motors Co, as well as Tesla, are pushing to develop their own electric pickups.

The Amazon vans, under the exclusive deal, will be built at Rivian’s plant, a former Mitsubishi factory in Normal, Illinois, Mast said. The first vehicles will be delivered in 2021 and 10,000 should be on the road by late 2022, she said. The vehicles will be serviced by Rivian.

Scaringe has described the Rivian vehicle’s platform as a skateboard that packages the drive units, battery pack, suspension system, brakes and cooling system all below wheel height to allow for more storage space and greater stability due to a lower center of gravity.

Amazon is looking to speed packages to shoppers’ doorsteps regardless of spikes in consumer demand or shortages of delivery personnel. Last year, Daimler AG’s Mercedes-Benz said Amazon had become the biggest customer of its Sprinter vans, securing 20,000 vehicles for delivery contractors.

Ford invested $500 million in Rivian in April with plans to use the Rivian EV platform to build a new vehicle in North America. Details of that vehicle were not disclosed. Ford is not involved in the Rivian deal, Mast said.

Cox Automotive Inc, the owner of the Autotrader online automobile market and the Kelley Blue Book car valuation service, invested $350 million in Rivian this month. The companies will explore partnerships in digital retailing, service operations and logistics.

Other backers include Saudi auto distributor Abdul Latif Jameel Co, Sumitomo Corp of Americas and Standard Chartered Bank.

Amazon’s reputation and the contract size would raise Rivian’s status with potential customers and investors, Fiorani said. It also offers the advantage of not having to chase buyers or ship vehicles all over the country.

(Reporting by Ben Klayman in Detroit; Editing by David Gregorio)

Strong SUV, Truck Demand Drive U.S. June Auto Sales Higher

July 2, 2019 / WIL BALDWIN

July 2 (Reuters) – Automakers including Fiat Chrysler Automobiles NV and Hyundai Motor Co on Tuesday reported a rise in U.S. sales for June, lifted by strong demand for sport utility vehicles and trucks.

Automakers have focused on selling the more profitable larger SUVs and trucks and had offered heavy discounts of up to 30% or more on their most popular models in June amid a slowdown in the broader market.

U.S. auto sales are slowing after a long bull-run that has satiated replacement demand.

Fiat Chrysler said its sales rose 1.9% to 206,083 vehicles in June, driven by a 45% surge in sales of its Ram trucks.

Hyundai said its sales rose 1.5% to 64,202 vehicles in the month, boosted by a 36% increase in sales of its Santa Fe sport utility vehicles.

GM and Ford are yet to report their sales numbers.

Mitsubishi Motors North America Inc said its June sales rose 10.5% to 12,317 vehicles due to an increase in sales of its seven-seater Outlander and Eclipse Cross SUV’s.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli and James Emmanuel)

Lucid Motors Hires Former Tesla Production Executive

July 1, 2019 / WIL BALDWIN

July 1 (Reuters) – Lucid Motors said on Monday it hired Tesla Inc’s former vice president of production at its Freemont factory, Peter Hochholdinger, as vice president of manufacturing.

The Newark, California-based electric carmaker in April also named Peter Rawlinson, former chief engineer of Tesla’s Model S, as its chief executive officer.

Lucid, which has more than $1 billion investment from Saudi Arabia’s Public Investment Fund, was founded in 2007 as Atieva by Sam Weng and Bernard Tse, a former vice president of Tesla.

The company positions itself as being less of a direct competitor to Tesla than with luxury car makers such as Audi or BMW, Rawlinson had said.

Hochholdinger, a former production executive at Volkswagen AG, left Tesla last week after three years with the company. At Tesla, he was tasked with improving production for Tesla’s luxury Model S sedan and Model X sport utility vehicle as well as helping build a cost-effective manufacturing program for the Model 3 sedan.

He was the latest high-profile executive to leave Tesla in the past two years, as the automaker struggles to ramp up production of Model 3, which is seen as crucial for its long-term profitability.

Rawlinson said Hochholdinger’s experience in manufacturing would help the company in launching Lucid Air and other future models.

Tesla is expected to report its second-quarter delivery and production numbers this week.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by James Emmanuel)

GM to Boost Heavy-Duty Pickup Truck Production

June 12, 2019 / WIL BALDWIN

FLINT, Mich. (Reuters) – General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant in Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year.

Reuss announced the investment at the Flint truck assembly plant wearing a United Auto Workers pin.

The Detroit automaker announced in February it was adding 1,000 jobs in Flint to build a new generation of heavy-duty pickup trucks.

GM did not say that the latest investment would add more jobs at the plant, but Reuss said there could be opportunities to add workers as the launch of the automaker’s new trucks progresses.

FILE PHOTO: A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint

GM has been under pressure from U.S. President Donald Trump and lawmakers of both parties to add jobs in the United States after it said last November it would idle a small car assembly plant in Lordstown, Ohio, and had no new products for three other U.S. manufacturing plants.

The Flint investment will include upgrades to the plant’s conveyors and other new tooling, and will be completed in the first half of 2020. GM has invested more than $1.6 billion in the plant since 2013.

Last month, GM said it would invest $24 million to increase truck production at its assembly plant in Fort Wayne, Indiana, which makes Chevrolet Silverado and GMC Sierra models.

FILE PHOTO: The frames of Chevrolet 2019 heavy-duty pickup trucks sit on the assembly line in the paint department at General Motors Flint Assembly Plant

Sales of heavy-duty pickups in the United States have grown to more than 600,000 vehicles a year, up more than 20 percent since 2013, according to industry data. Prices for luxury models can easily top $70,000.

GM’s Chevrolet and GMC brands have long trailed Ford Motor Co’s F-series heavy duty trucks in the lucrative segment. The new Chevrolet and GMC heavy duty trucks have been re-engineered to tow heavier trailers, and keep pace in what has become an arms race among the Detroit Three automakers to claim superior torque and towing capability.

(Reporting by Joe White in Detroit and Sanjana Shivdas in Bengaluru; Editing by Sriraj Kalluvila and Nick Zieminski)

FILE PHOTO: A General Motors Co. assembly worker does quality control checks on the paint of Chevrolet 2019 heavy-duty pickup trucks in Flint

Cirrus Aircraft Announces New Chief Executive Officer

June 5, 2019 / WIL BALDWIN

Duluth, Minn. and Knoxville, Tenn. (4 June 2019) – Cirrus Aircraft announced today that Zean Nielsen has been selected to succeed Co-founder Dale Klapmeier as its next Chief Executive Officer (CEO). Nielsen has held senior leadership roles at a range of global world-class organizations, including Tesla Motors, James Hardie and Bang & Olufsen.

“Cirrus Aircraft has a remarkably bright future ahead,” noted Dale Klapmeier, Co-founder and National Aviation Hall of Fame member. “We are fortunate to have someone of Zean’s caliber and experience to lead us into the next era of growth. I am looking forward to moving into a Senior Advisory role and continuing to work with our exceptional team on reinventing the future of personal transportation.”

“I am honored and humbled to join this team of experienced general aviation leaders and a world-class workforce as we continue to bring game-changing products and services to market,” said Zean Nielsen, CEO of Cirrus Aircraft. “Our mission is to deliver an aviation experience that is the pinnacle of innovation, quality and safety to our customers – and that is exactly what we will continue to do for many years to come.”

Zean most recently served as the Executive Vice President of North American Sales at James Hardie, a leading industrial building materials company. Prior to his role at James Hardie, Nielsen ran all aspects of Tesla Motors worldwide sales operations efforts as the Vice President of Global Sales Operations. Zean began his career at Bang & Olufsen, the luxury electronics maker, where over a 17 year career he ascended to more senior roles before he ultimately became the President of Bang & Olufsen North and South America, prior to joining Tesla Motors.

Nielsen assumed the CEO role at Cirrus Aircraft on 3 June 2019.

About Cirrus Aircraft

Cirrus Aircraft is the recognized global leader in personal aviation and the maker of the best-selling SR Series piston aircraft and the Vision JetTM, the world’s first single-engine Personal JetTM, as well as the recipient of the Robert J. Collier Trophy. Founded in 1984, the company has redefined performance, comfort and safety in aviation with innovations like the Cirrus Airframe Parachute System® (CAPS®) – the first FAA-certified whole-airframe parachute safety system included as standard equipment on an aircraft. To date, worldwide flight time on Cirrus aircraft has passed 10.5 million hours and 172 people have returned home safely to their families as a result of the inclusion of CAPS as a standard feature on all Cirrus aircraft. The company has four locations in the United States, located in Duluth, Minnesota, Grand Forks, North Dakota, Knoxville, Tennessee and McKinney, Texas.

Emirates Airline Selects Cirrus Aircraft SR22 for Flight Training Academy Fleet

Canada’s Answer to Tesla Is a $15,500 Electric 3-Wheeler

February 13, 2019 / WIL BALDWIN

(Bloomberg) — It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s one of the oddest-looking vehicles you’ve ever seen — and it may just redefine the commuter car.

As General Motors Co. prepares to shut the plant near Toronto that got car-making started in Canada more than a century ago, a new model is taking shape in a tiny production facility in Vancouver’s outskirts.

Meet the Solo — a one-seater vehicle made by Electra Meccanica Vehicles Corp. that costs $15,500. By December, 5,000 will be zipping around the streets of Los Angeles, with an additional 70,000 to be delivered over the next two years across the West Coast. Electra Meccanica may have a market value of just $80 million, yet it has $2.4 billion in pre-orders. The stock almost doubled in New York Wednesday.

Click the link for the full story! https://finance.yahoo.com/news/tesla-apos-latest-competitor-15-220000179.html

The company also has designs on the 4-wheel market…

Reliability and drive concept have a positive effect on punctuality

Substantial improvement of ride comfort

SBB already has 25 new trains

Bombardier creates considerable value in Switzerland

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