January 27, 2021

Tesla will struggle to make $25,000 car compelling, says auto expert

  • Elon Musk said last month that Tesla will sell a $25,000 car “about three years from now.” 
  • The company has long worked to bring down its prices, and announced multiple innovations to help it get there at its “Battery Day” presentation last month. 
  • But those innovations may not be enough to create a vehicle customers are still willing to pay for, says auto manufacturing expert Sandy Munro. 
  • Visit Business Insider’s homepage for more stories.

Elon Musk had plenty of innovations to show off at Tesla’s Battery Day in September.

Advancements in battery design, chemistry, and even manufacturing processes should help the company bring down costs while producing more total power output and increasing factory efficiency. Coupled with factory automation improvements from the days of “production hell” and the infamous tent, Tesla should be able to produce a car that sells for $25,000 in around three years, Musk said.

It would

Read More

Amazon complicates auto industry’s worker-shortage challenge

As employers try to get new hiring projects on track, or just return to previous production levels, the shortage of workers is a bottleneck. Missing just a tenth of a needed work force can hold back volumes or thwart efforts to operate a plant efficiently.

David Kalb, president at Applied Tech Industries, a Tier 2 specialized automotive coatings provider in Chesterfield, Mich., said he has not been able to find enough workers to keep up with production commitments shortly after the industry came back on line.

“We had to go to 10-hour shifts, six days a week because we couldn’t get good help, other than the people we had,” said Kalb, who services 12 auto assembly plants.

In addition to working additional hours, Kalb had to outsource some work to competitors. “Just in trying to find people, we’ve added more temp agencies,” he said. “We had to increase our pay

Read More

Judge wrongly dismissed lawsuit by customer who claimed auto dealer sold him a previously wrecked car: Pa. court

A county judge overstepped his bounds when he dismissed a lawsuit by a customer who claimed a car dealer had sold him a Ford Mustang that had been wrecked and rebuilt, a state appeals court panel has ruled.

Northumberland County Judge Charles H. Saylor tossed out the case Lawrence Pinno Jr. filed after finding Pinno had named the wrong defendants in the case.

That’s not so, the Superior Court found, so it reinstated the suit against the Blaise Alexander auto dealership chain and the Alexander employee who sold Pinno the car.

Pinno filed his suit in 2013, a year after buying the used 2005 Mustang from Alexander Buick Cadillac GMC Truck Inc. in Sunbury, Judge Mary Murray noted in the state court’s opinion.

Pinno, who has since died, contended he was told by the salesman that he didn’t want a car that had been previously damaged in any way. He

Read More

Rocky River police warn of carjacking risk as auto thefts are on the rise

ROCKY RIVER, Ohio — With car break-ins and thefts rising in the Cleveland area, local police are concerned that carjackings could become part of the picture.

Just last month, the Rocky River Police Department was warning residents to lock their car doors and remove their valuables after a string of vehicle break-ins. Now, police are offering advice on how to avoid becoming a victim of a carjacking.

According to the department, carjacking is a form of robbery — theft by use of force, or the threat of force, by an armed attacker against an occupied vehicle.

The police say to first understand how carjackers approach their victims: bumping your car, pretending to be a stranded motorist or flashing their own vehicle lights as if they are warning you that something is wrong with your car.

You might be tempted to pull over — only to have your car taken. Instead,

Read More

Tesla Third-Quarter Auto Sales Surge

When the coronavirus pandemic forced businesses to close this spring, the auto industry was hit particularly hard. North American auto plants that typically churn out more than a million cars a month produced fewer than 5,000 in April.

While airlines and other industries continue to struggle, automakers are now enjoying a clear upswing. Last month, some large automakers reported that sales in the United States were up from the previous September. If this pace of sales continues for a year the industry would sell more than 16 million cars and trucks, up from an annualized pace of 13 million in June.

This recovery is being led by Tesla, the electric car pioneer. On Friday, the company reported record deliveries in the third quarter as steady growth in China and Europe more than offset weakness in the United States. The company does not provide a geographic breakdown of its sales.


Read More

Looking to buy a new car? Auto industry is rebounding from pandemic shortage, but you still may need to wait till 2021 for next year’s model.

The hardest part about buying a new car during the pandemic may be finding a new car.

a person standing in front of a car: Mechanic Mark Petrauskas performs a repair on a customer's vehicle in the service department at the Packey Webb Ford dealership in Downers Grove on Oct. 1, 2020.

© Antonio Perez / Chicago Tribune/Chicago Tribune/TNS
Mechanic Mark Petrauskas performs a repair on a customer’s vehicle in the service department at the Packey Webb Ford dealership in Downers Grove on Oct. 1, 2020.

While the automotive industry is showing signs of recovery, months of production stoppage, supply chain interruption and stay-at-home disruption has left many Chicago-area dealers with few new cars and lots of empty spaces.


Load Error

Adding to the inventory shortage, the new model year — an automotive rite of fall — has yet to hit showrooms in any significant numbers. Many 2021 models may not actually arrive until 2021.

“It’s kind of hard to sell from an empty cupboard when you don’t have any new vehicles,” said John Webb, a principal with family-owned Packey Webb Ford, a 58-year-old Downers

Read More

The 2020 Election and Auto: Cars.com Compares Each Presidential Candidate’s Automotive Policies | News

– October 1, 2020

Cars.com outlines what a President Donald Trump reelection or a Former Vice President Joe Biden presidency means for the future of the automotive industry and car shopping 

CHICAGO, Oct. 1, 2020 — Cars.com (NYSE: CARS) is a leading digital automotive marketplace and solutions provider. The Cars.com team of experts explored the differences in each candidate’s platforms and looked into major impacts the upcoming election will have on the automotive market and American consumers. The full report can be found at Cars.com/news/election2020.

“The first point people should understand about the auto industry is that vehicles are manufactured for years in essentially the same form based on an enormous upfront investment — vehicle platforms last 6.7 years on average,” said Joe Wiesenfelder, executive editor for Cars.com. “Contrast this with a four-year presidential term, and it’s hard to accept any claim that a president or nominee has

Read More

Global Automotive Auto Cruise Control Switch Market Set for Rapid Growth and Trend 2020-2026-Market.biz

Pune, Maharashtra, India, September 30 2020 (Wiredrelease) Reseller –:The “Impact of COVID-19 on the Automotive Auto Cruise Control Switch Market Report Research Industry, 2020” The Latest report has been added to market.biz offering. 

Based on our recent survey, we have several different scenarios about the Automotive Auto Cruise Control Switch growth rate for 2020

Global Automotive Auto Cruise Control Switch Market 2020 Research Report provides key analysis on the market status of the Automotive Auto Cruise Control Switch manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Automotive Auto Cruise Control Switch Sales, Price, Revenue, forecast, Gross Margin and Market Share, cost structure and growth rate. The report considers the revenue generated from the sales of This Report and innovations by different application segments.

Automotive Auto Cruise Control Switch  is a scientific

Read More

Viral outbreaks at auto plants lead to new-car shortage in Maine

First it was hand sanitizer. Then toilet paper.

For the latest shortage caused by the coronavirus pandemic, look to new car dealers’ lots.

John Emerson, owner of Emerson Chevrolet Buick in Auburn, said some popular models are in short supply, because of factory shutdowns in late spring caused by the pandemic.

For instance, Emerson said he typically likes to have 40 to 50 new Chevrolet Silverados, a popular large pickup truck, on his lot. These days, however, it’s more like a half-dozen.

The same goes for the Equinox, Emerson said, with only four or five models of the SUV on the lot, about one-tenth of his normal supply.

That’s why he treats every invoice he gets from the carmakers as a reason for celebration. The car may not yet be on the lot, but the invoice means it’s made, has a vehicle identification number and is likely to be on

Read More

U.S. Auto Sales Continue V-Shaped Recovery in Third Quarter

– Annual vehicle sales pace in September is expected finish near 15.5 million, the fifth consecutive month of improvement.

– Sales volume in September is expected to be near 1.275 million units, nearly equal to year-ago levels.

– New-vehicle inventory levels continue to slip lower, with only 3% of available inventory being model year 2021, far below normal levels.

ATLANTA, Sept. 28, 2020 /PRNewswire/ — Auto sales in the U.S. are forecast to continue their COVID-19 recovery in September as the new-vehicle sales pace should increase over last month. The seasonally adjusted annual rate (SAAR) is likely to reach 15.5 million, a modest improvement over August’s 15.2 million, and the fifth consecutive month of sales pace improvement after April’s historic low, according to a forecast released today by Cox Automotive.

Cox Automotive (PRNewsfoto/Cox Automotive)
Cox Automotive (PRNewsfoto/Cox Automotive)

Sales volume is expected to be down just 0.3% compared to year-ago levels; however, September

Read More