August U.S. auto sales will be 5.2 percent below a year ago, taking into account that the peak of industry sales was in 2015. Jeff Schuster, head of forecasting at LMC, said that with mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015. He also considers that it is important to focus on the sustainable high level of demand. Peak does not mean doom and gloom, and while the industry faces risk, it is not destined for a pullback.
The consultancies said they expect August U.S. total auto sales of 1,492,700 vehicles, from 1,574,938 a year earlier. Automakers will report sales next Thursday. Shares in the biggest U.S. auto companies General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles have been pressured because big investors expect sales to slide from their peak.
Find more here: August US car sales seen down 5.2%
In late August, the rolling greens of the Quail Lodge and Golf Club on the Monterey Peninsula in California are transformed into a blue ribbon car show for motorsports fans and collectors from around the world. The Quail is the perfect place to reveal a world premiere concept with a difference. That’s exactly what Ken Okuyama has done this year with his stunning Kode57 supercar.
As creative director of famed Italian design house Pininfarina in the early-2000s, Ken Okuyama also oversaw the styling of the Maserati Quattroporte, as well as one-off concept cars including the Ferrari P4/5 and Maserati Birdcage 75th. Today he is the head of his own design company, Ken Okuyama Design, and he pens everyday things like the 300-kph Shinkansen “Bullet” train, bespoke furniture, eyewear, and tractors, as well as his own brand of rare exotic cars, like the Kode57. The model is propelled by one of the world’s most powerful V12 engines and it is able to generate 600hp. Okuyama calls the super coupe a “few-off” – not a one-off – as he expects to hand-build several examples over the next year or so employing state-of-the-art techniques in a very limited edition run. The car’s name is related to the year 1957 that is an iconic year in which many legendary cars like the Jaguar XKSS and Ferrari 250 Testa Rossa were born and motor racing gained a strong worldwide following.
Find more here: Enzo Ferrari designer stuns Monterey with a breathtaking supercar!
Mercedes-Benz USA is now making some major changes in its working plan, and most importantly it is shuffling some senior managers to new jobs. After it was revealed that its sales in the country were less than predicted, in order to fix the problem the most dedicated persons got higher positions in the company.
Bart Herring has become the general manager of sales operations, overseeing the development and implementation of all policies, programs and activities in support of new-vehicle sales and objectives. He will also head up sales volume planning. For a long time Herring was the general manager of product management, and will be replacing now Mike Nolte in the sales role. Nolte now will be the general manager for the central region in Chicago.
Read more here:Mercedes starts a new program by changing head managers
Seems like Fiat is already working on its new Mazda-based sports car, by producing a hardtop variant within the next year or so. After the Geneva Motorshow were we’ve seen for the first time the 124 model, we have noticed that the brand is trying to distance from the MX-5 automobile, with a full production hardcore coupe.
We’ve been told that a fixed-roof 124 is being developed right now in Italy, and it could be revealed sooner next year. This time the car won’t be based around the Mazda MX-5 RF‘s retractable hardtop and will instead be designed solely as a coupe from the get-go. We don’t know anything about the engine it’s gonna have, it could be a 1.4-litre turbocharged engine or the Abarth 178bhp unit, but this model could be the next top sports car in the automotive market.
Read more here:This flawless Fiat 124 Coupe could be with us by 2018!
When it comes to Horacio Pagani he knows which cars are the best, and has great tastes in cars by the way. The second model ever made by the popular Italian boutique is considered to be one of the most attractive, it was able to get more popularity than even Zonda, yes we are talking about Pagani Huayra. Both are fast and engaging, and use V12 engines from the Mercedes-AMG models. Of course the power of these models is something we can’t argue about, but what makes them more special is the design of cars. Mr Pagani even mentioned that between his most favorite cars a hot spot was took by Ferrari’s from 1960s. Here comes a list of 3 vehicles the car designer loves the most.
Jaguar E-Type is one of the favorite non-Italian cars of Mr. Pagani. Originally introduced in 1961, this model using a E-Type front-engine, has a rear-wheel-drive layout with a 3.8-liter inline-six engine under its long hood.
Read more here:3 Favorite Cars Of Horacio Pagani
Two months after agreeing to a $14.7 billion deal with federal regulators over its cheating on diesel emissions tests
has reached another settlement covering its 650 U.S. dealers.
The maker will pay $1.2 billion over the next 18 months to cover the losses dealers claim to have run up as a result of the scandal, in large part due to a sharp drop in the maker’s sales. Along with cash payments, VW will provide “additional benefits” to those dealers.
‘‘They have cars on their lots they can’t sell,’’ Steve W. Berman, the lawyer for the dealers, told Judge Breyer. “Volkswagen franchise value has gone down. And they have invested millions in these Volkswagen franchises. So we are pleased that the settlement will address the financial harm that they’ve incurred.’’
BMW ALPINA B7 xDrive
BMW’s flagship sedan, the 7-Series, has never received the M performance treatment. That’s OK, though—Alpina is here to help. In fact, the small BMW-exclusive tuner company does such a good job of building what is, in effect, an M7 that we doubt BMW could top it. Alpina is a company of 230 employees that started out 51 years ago by offering a carburetor performance upgrade for the New Series 1500 sedan. The company has worked closely with BMW ever since, and their relationship took the next step in 2002 when BMW began offering an Alpina version of the Z8 roadster. Two years later came the Alpina-tuned 7-Series known as the B7.
Starting at $137,995, the Alpina B7 offers a distinctly different character: the B7 employs atwin-turbo V-8, based on the 750i’s 4.4-liter N63 eight-cylinder. Alpina’s designation for its version of the engine, confusingly, is M3; the car’s name contains the suffix Biturbo in other markets. Alpina—closely allied with Munich but still independent—makes extensive modifications that include upgraded turbochargers…
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