Aston Martin is spending all its SUV money wisely, American dealers being rebuilt, and Tesla. in all that and more morning shift For September 14, 2021.
1st Gear: It Wasn’t Long Before Aston Martin Was on the Death Watch
But just refer to it as DBX The hit Aston Martin has proved to be needed. Now, its leader Lawrence Stroll – who also owns Aston Martin’s Formula 1 racing team – says he will invest up to £200 million in a new complex for the F1 team to take on Red Bull and Mercedes. In a bid for heavyweight sport.
From financial Times:
The 37,000-square-metre complex, which will include a wind tunnel to help improve aerodynamic performance and speed, is located near Silverstone Racetrack in Northamptonshire. Work on the site is underway and Aston Martin said it would be the first new F1 factory in the UK since rival McLaren opened its Woking campus in 2004.
Aston Martin F1 expects to complete work on its new headquarters in early 2023, after construction was delayed due to the pandemic.
Stroll has been talking to banks about various funding options, including issuing bonds or a traditional mortgage, though he said he was less keen on sale and lease arrangements.
“Right now, I’m funding it myself,” he said. “I want to be in control of the building . . . you know, I don’t want to go to someone every time we want to change the lightbulb.”
Stroll in the mold of Enzo Ferrari or Henry Ford II or Ferdinand Pitch is the kind of old-time automaker leader we don’t see very much right now. Elon Musk might even be placed in that category, except Elon doesn’t give a crap about racing.
2nd Gear: US Dealers Are Consolidating, Faster
wall street journal this weekend had a good story About how dealerships are changing in the US. This is due in large part to the pandemic, as customers these days want to buy cars online, but not completely. The old model was that some rich guy was the owner of your local dealer; The new model is that there could be a national chain instead. There is also bargaining going on. And so, perhaps, a lot is buying, as automakers learn new things about inventory given the global chip shortage.
Dealers will keep fewer cars on lots and operate more like service-and-delivery centres, using their dealerships as hubs where customers can pick up and get their vehicles ordered online.
Some of the larger cash-rich dealership chains are already attracting smaller competitors, in the hope that this scale will help them dominate this transformation. According to dealership consulting firm Kerrigan Advisors, the number of acquisitions last year stood at 289, the highest count in years. Deals continued to climb this year, according to Kerrigan, up 27% in the first half of 2021.
“It was my time to ride into the sunset,” said John Medved, 73, a Denver-area dealer who sold his six-store chain to a large dealership group in Canada last year. Mr. Medved, a recognizable face and local Voice on the Airwaves, said they weren’t sure how to connect with consumers who wanted to shop online.
“Nobody’s seen anything. Nobody’s touching anything. I can’t do that.”
As the story notes, this is also due in large part to Tesla, which has a direct-sales model and has trained a new generation of new-car buyers about what to expect, and so can car sellers like Carvana. is used. Still, the old guard is stubborn.
Despite this surge of online competition, the dealership business is still largely dominated by smaller, personally held operations. The top 50 largest dealerships in the country by new vehicle sales accounted for only 16% of US new vehicle sales in 2020, according to Kerrigan Advisors.
Some dealers said the rise in online shopping would not diminish the importance of these local businesses to shoppers. “Gradually, more and more is being done digitally,” said Paul Walser, a Minnesota dealer and president of the National Automobile Dealers Association. “But I don’t see a time – at least in the next few years – where the importance of that face-to-face contact is going to end.” “The industry is still heavily dependent on dealers across the country, especially in rural markets, to connect with their consumers,” he added.
I’ve never bought a new car and probably never will but if I ever do I’ll ask for a classic feel for the old times. You know, go to a dealer and get a salesperson to try and actually sell me on something. This would inevitably lead to me driving in an extreme Malibu.
3rd Gear: Ford’s Flat Rock Assembly Plant Will Resume Production Next Week
The plant was the source of the fuel leak who saw hundreds of gallons of unleaded fuel leaking into the local sewer system. Ford said on Monday it had fixed the problem and was to reopen the plant next week.
To Detroit Free Press:
“Ford repaired the leaking pipe and removed the gasoline from the tank so that no more gasoline could escape,” Kelly Felker, Ford’s global manufacturing and labor communications manager, told the Free Press. “In addition, we are shutting down all underground gasoline piping and replacing it with aboveground piping.”
Felker said the work is being reviewed and approved with Michigan’s Licensing and Regulatory Affairs, Underground Storage Tank Division, and will be completed before any refueling operations can be resumed at the plant.
“We are also evaluating whether any additional changes to our systems and operations are needed to address the possibility of this leak path reoccurring,” she said.
Felkar said factory operations were expected to resume on 20 September.
4th Gear: NHTSA Is Escalating Its Tesla Autopilot Investigation
The National Highway Traffic Safety Administration has asked a dozen automakers to provide data on their semi-autonomous driving systems, according to bloomberg. This includes BMW, Honda, Toyota and Ford.
NHTSA is seeking various documents about the way different manufacturers’ driver-assistance facilities work, how companies determine if facilities were engaged during accidents and how systems detect the presence of first responders and law enforcement vehicles. engage and respond.
The agency last month launched a formal investigation into Tesla’s Autopilot system involving first-responder vehicles after nearly a dozen collisions at crash scenes, prompting an investigation into the system offered by the carmaker for the past half-decade. advances.
The investigation covers an estimated 765,000 Tesla Model Y, X, S and 3 vehicles since the 2014 model year. The regulator – which has the power to order defective and recall cars – said it launched an investigation after 11 crashes that resulted in 17 injuries and one death.
NHTSA asked companies to respond to letters by November 17.
I’d be surprised if anything real comes from all of this, though, for the sake of its customers, Tesla could use a real kick in the ass.
5th Gear: There’s No Detroit Auto Show This Year But There’s Something Called Motor Bella
There, the public will be able to see the GMC Hummer SUV in the flesh for the first time, According to the Detroit Free Press. GM’s display actually feels quite large.
GM Motor will showcase a range of performance and electric vehicles, including the GMC Hummer SUV EV, at the Bella, new car event at the M1 Concourse in Pontiac starting Sept. 23, GM said Monday.
GM’s performance will also include GM Defense Infantry Squad vehicles and a full lineup of Chevrolet performance and motorsport cars, including the Corvette C8.R and NASCAR Next Generation Camaro ZL1 race cars.
“For decades, GM and Chevrolet have served as industry leaders in automotive innovation, constantly pushing the boundaries of what new technology and precision engineering can bring to racetracks, showrooms, and the aftermarket,” said Jim Campbell, of GM Performance. Said Vice President, Motorsports & Accessories. “GM’s Motor Bella display is a testament to the dedication and determination of our performance, motorsports and production teams.”
GM will showcase two 2022 International Motor Sports Association GT Lemons Championship Edition Corvette Stingrays and a full range of exclusive high-performance Camaros, including a fifth-generation, 2022 Big Block V-8 and electrified drag racing concept car.
Exciting stuff, if you’re a big GM fan. Here’s the full press conference list for Motor Bella, a rundown of the Detroit Auto Show:
It all seemed normal to me and then I googled whatever “nolan finley” is and found that Are a replacement level conservative columnist. Hmm.
Reverse: To the Moon
Neutral: How are you?
I’m going to Detroit tomorrow and must be down in time to catch the Tigers destroyed by the Brewers in Comerica Park. first baseball game in years; can not wait.