AUTO CENTRAL CHICAGO June 27, 2021 Every Sunday, Larry Nutson, The Chicago Car Guy and Executive Producer, with the expert assistance of Senior Editor Thom Cannell of The Auto Channel Michigan Bureau, puts together the “recording” of the Auto Channel for last week’s automotive news in easily digestible new nuggets.
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Nutson’s Automotive News Wrap-up – Week Ending June 26, 2021; Below are the all-important, relevant, semi-secret, or snappy automotive news, opinions, and inside stories from the past week, presented as expertly crafted, easily digestible news nuggets.
* President Biden has signed an infrastructure deal with a bipartisan group of Senators and signed their plan to allocate approximately $ 579 billion in new investments in roads, broadband internet, electricity, and other projects in hopes of pushing through a crucial part of his economic agenda in Congress . The plan provides $ 15 billion for the infrastructure of electric vehicles and electric buses. A nationwide network of EV charging stations accounted for $ 7.5 billion of this.
* The Detroit News reports that global electric vehicle supremacy will arrive by 2033 – five years earlier than previously expected – as tighter regulations and rising interest drive demand for zero-emission transportation, according to a new study. The consultant Ernst & Young LLP now sees that sales of electric vehicles in 12 years in Europe, China and the USA – the largest automobile markets in the world – will outperform fossil fuels. And by 2045, sales of non-electric vehicles will drop to less than 1% of the global car market, predicts EY using an AI-based forecasting tool.
* Our friends at the Detroit Bureau report that new data from Experian shows that EV registrations rose 95% in the first four months of 2021. The entire market is not languishing as it has increased by 36% overall. The jump pushed the U.S. electric vehicle market share to 2.3% – an increase of 1.6% for the same period in 2020, Automotive News reported. Tesla Inc., the world’s leading supplier of electric vehicles, saw registrations for three of its four vehicles decline during the reporting period. Only Model Y rose.
* Audi has announced that it will phase out internal combustion engine development by 2026 and become a fully electric brand by 2033. From 2026 Audi will only launch new fully electric models on the world market. Ultimately, it is the customers who decide when the internal combustion engine will be discontinued at Audi. It could come before 2033.
* Tesla ousted Ford first place in the annual Cars.com ranking of the most American vehicles. Assembled in Fremont, California, the Tesla Model 3 is # 1 on the American Made Index in 2021, the first time an electric vehicle has claimed the spot. The index is from 2006. The Ford Ranger Midsize Pickup, which was assembled in Wayne, Michigan, was No. 1 last year, but fell partially out of the top 10 because the content under the American Automobile labeling “pretty much.” greatly reduced “became a law that relates to whether parts are domestic or foreign.
* According to the Black Book, which tracks car and truck data, used car prices rose an average of 30% over the past year. That created a lot of insane situations where high-demand vehicles sell for more than they did when they were new, said Alex Yurchenko, the company’s senior vice president of data science. Yurchenko has found 73 models of 1 to 3 year old vehicles that are sold at auctions (where dealers buy their vehicles) at prices above their original sticker, called the manufacturer’s suggested retail price. According to the Department of Labor, used car price hikes accounted for a third of the sharp rise in inflation last month. Prices soared a record 10% in April and a further 7.3% in May as inflation rose 5%, the largest 12-month increase since 2008.
* The recently published CarGurus Self-Driving Vehicle Sentiment Survey collected and analyzed consumer feedback on topics related to autonomous vehicles (AV), such as comfort in driving oneself, how people perceive the technology to be used, and the timeframe to adoption. The study showed that over the past two years, familiarity with AVs has increased while enthusiasm has stagnated. When asked how comfortable they feel with the further development of self-driving technology, 37% of those questioned were neutral and 33% were enthusiastic.
* Infiniti has finally removed the cover of its new QX60 luxury three-row crossover for the whole world to see. The QX60 is completely new for 2022, with the exception of the 3.5-liter V6. It was brought to life in the short branded film, INFINITI Presents: Conquer Life in Style with All-New QX60, which was created to showcase the brand new 2022 INFINITI QX60 customers around the world. The film played Golden Globe-winning and Oscar-nominated actress, producer, entrepreneur, and mother Kate Hudson. The QX60 will arrive in the showrooms in late 2021.
* Honda introduced the 11th generation of its hatchback Civic compact car, which is built in Indiana. Honda is betting that younger buyers, bored of SUVs they grew up in, will be attracted to efficient, sporty small cars with advanced technology features.
* After leaking a few photos, Toyota gave us a first look at the brand new 2022 Tundra pickup truck, powered by a brand new iForce Max engine, which is likely the same twin-turbo V6 found in the 2022 Toyota Land cruiser. The tundra should also have some sort of electrification option, as part of Toyota’s commitment to building hybrid and electric trucks.
* Ferrari has presented a completely new plug-in hybrid in series. The 296 GTB will be the brand’s new mid-rear engine berlinetta. The model is powered by an aluminum V6 paired with a 7.45 kWh battery, with this drive train producing a total of 818 hp.
* At the upcoming Chicago Auto Show in July, Jeep will unveil an updated 2022 Jeep Compass Crossover Utility and the Wrangler Xtreme Recon Package, which for the first time offers 35-inch tires from the factory and a creep ratio of 100: 1.
* Reuters reports that the future of the ultra-premium brand Bugatti within the Volkswagen Group will soon be decided, said Porsche boss Oliver Blume. Volkswagen has considered whether Bugatti should partner with Croatian electric supercar maker Rimac – a move that would bring Mate Rimac and his talented electric vehicle engineers even closer to the heart of VW’s premium electric vehicle operation.
* Hagerty announced the acquisition of the Amelia Island Concours d’Elegance. The move follows Hagty’s recent acquisitions of other automobile premieres, including the Concours d’Elegance of America, the California Mille and the Greenwich Concours d’Elegance. Bill Warner, who founded the Concours in 1996, remains Chairman emeritus. Hagerty will work with the existing Concours operations team to expand the annual event. The 27th annual Amelia Island Concours d’Elegance will take place March 3-6, 2022.
* Tim Kuniskis, Dodge Brand Chief Executive Officer – Stellantis, Eric Malone, star of MotorTrend’s “Fastest Cars in the Dirty South”, and Mike Finnegan, host of MotorTrend’s “Roadkill” series, gave us more details on the upcoming MotorTrend Presents Roadkill Night’s Powered by Dodge event and the new Celebrity Showdown Format. The event in Pontiac, Michigan kicks off Woodward Dream Cruise week August 13-14, and the sixth annual event features drag racing on The 1/8 mile stretch of Woodward Avenue will compete with high-horsepower street-legal dragsters for a price of $ 10,000. Dodge gives each of four popular online muscle car celebrities and TV host Eric Malone of “Fastest Cars in the Dirty South” $ 10,000 to modify a Dodge Hellcat to complete in a Grudge Match.
* The Nissan Sentra is being recalled because of a bent tie rod in the steering linkage. Almost 139,000 units of the 2020-21 model year of the compact sedan are affected.
* Factoid of the week: The Jeep Wrangler 4Xe was the best-selling plug-in hybrid (PHEV) in the US in May.
Stay safe. Be good.