Trade News

Genesis began the year ready for a brand relaunch with new and freshened product.

After its first wave of sedans sold in limited quantities while the new franchise network was being built, the Korean luxury marque began 2020 with high hopes.

A heavily freshened G90 flagship sedan went on sale in January, a new-generation G80 midsize sedan was waiting in the wings, and its debut crossover — the GV80 — was just months away. The compact G70 sedan also was a rising sales star.

Of course, the coronavirus threw the timeline into disarray, mostly because Genesis needed emissions certification for the G80 and the GV80 from EPA offices that were closed. Its summer of brand rebirth is now scheduled for the fall.

Genesis has 350 dealers nationwide at the ready, along with thousands of reservations for the redesigned sport sedan and midsize crossover, which share a rear-wheel-drive platform. Word from Genesis is that the two vehicle…

Volkswagen Group's luxury sports vehicle unit Porsche has launched an internal investigation into the suspected manipulation of gasoline engines, German weekly Bild am Sonntag reported.

Porsche has informed Germany's automotive watchdog KBA, the Stuttgart prosecutor's office, as well as U.S. authorities of suspected illegal changes to hardware and software that could affect exhaust systems and engine components, the paper said.

"Porsche is regularly and continuously reviewing technical and regulatory aspects of its vehicles," a Porsche spokesman said. "As part of such internal examinations Porsche has identified issues and has, just like in the past, proactively informed authorities."

The spokesman said that the issues relate to vehicles developed several years ago, adding that there were no indications that current production was affected. The carmaker is working closely with authorities, he said.

BamS, not citing where it obtained the informatio…

Manuela Papadopol, CEO of Designated Driver, discusses why the industry adopted teleoperations and how the startup is augmenting AVs and human-driven vehicles alike.

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LOS ANGELES — Hyundai Motor Group has been teasing plans to spend big on electric vehicles, with a goal of 1 million EV sales a year in 2025. Now the metal behind that plan is coming into focus.

The Hyundai brand wants to be the No. 3 maker of eco-friendly vehicles globally, while Kia is planning 11 EV models and the Korean automaker's burgeoning Genesis luxury line has an electric arriving next year.

After talking generally about its game plan for several months, the group is now talking about the next-generation of electric vehicles it will deliver to meet those lofty goals, including the launch of an EV subbrand Hyundai calls Ioniq.

Hyundai plans to roll out the first EV on its new global modular platform, called E-GMP. That platform will yield the Ioniq 5 midsize crossover for the U.S. late next year, a sedan called the Ioniq 6 in 2022 and the Ioniq 7 large SUV two years later.

The plan is an aggressive step forw…

Cars need more than a clear view of the road ahead for new safety technology to fulfill its lifesaving potential. They need a better idea of what's happening along the periphery of their paths.

As transportation officials struggle to address a dramatic and chronic increase in pedestrian deaths on U.S. roadways, automakers and suppliers are introducing technology that improves the effectiveness of systems such as automated emergency braking.

They are enhancing the performance and placement of cameras and radar sensors that are better designed to spot pedestrians and bicyclists who emerge from the sides of a vehicle path. Those road users can be tricky to spot for motorists and driver-assist systems alike.

"It's very sad because there's technology that exists that can address these things," said Kay Stepper, vice president of driver assistance and automated driving at Bosch.

Even as new technology makes vehicles safer f…

Mini plans to sunset its two-door convertible after production of the current-generation model ends in February 2024, according to supply chain sources, ending a nearly two-decade run in the U.S.

A Mini spokesman declined to comment on future plans for the model.

"The convertible remains an appealing model in Mini's lineup," he said.

The decision to jettison the convertible is not surprising given the nameplate's relatively low volume. Last year, Mini sold 4,031 convertibles in the U.S., down nearly 25 percent from 2018. It was the lowest-selling Mini model after the Clubman.

While demand for the Mini hatchback has soared above its novelty status, the convertible remains just a niche player, requiring dedicated tooling and complexity to build, said Sam Fiorani, vice president at AutoForecast Solutions.

"Buyers are moving to small crossovers while the few convertible buyers who remain can get the ... Mazda MX-5…

In a future where cars and trucks will rely increasingly on seeing in the dark, making drivers comfortable and sensing danger, there is a new hot commodity: sensors.

Lots of them.

The market for sensors is expected to explode in the coming decade, outpacing forecasts for global auto production and racing to keep up with the rollout of electronic components, such as night vision and hands-free steering systems.

Why? Because the new innovations in electronic gadgetry do not require one new sensor — they need several of them.

"If you start looking into the car where the sensors are hidden, it's amazing, really. The number of applications is going through the roof," said Frank Findeis, vice president for automotive sensors at German semiconductor maker Infineon, which along with Robert Bosch is one of the top two suppliers for the automotive semiconductors that are the "brain" of modern sensors.

"If you go into…

Cadillac's new North America vice president faces a steep task that will be vital to Cadillac's electric future: Prepare dealers to sell electric vehicles.

In his more than 16 years with General Motors, Mahmoud Samara, 43, has driven record sales in Canada, stabilized Cadillac's U.S. Western region and helped improve GM's digital retail tool. He replaces Rory Harvey, who was promoted to vice president of global Cadillac last month. Samara will oversee Cadillac sales, service and retail marketing in North America, along with dealer network development globally. He reports to Harvey, 52.

Samara was GM's global director of customer experience since November. From 2017 to 2019, he was Cadillac regional director, responsible for sales, service and retail marketing in the Western region. He also held leadership posts with GM Canada.

"As Cadillac stands poised to redefine American luxury, the evolution of our dealer network will be a crit…

Mercedes-Benz is dropping the Freightliner Sprinter van in the U.S. at the end of the 2021 model year, with output ending at a South Carolina plant in September 2021.

Sales are expected to end by Dec. 31, 2021, the company told Freightliner dealers this week.

Mercedes has sold the Sprinter van, redesigned in 2018, through two channels, Freightliner and Mercedes-Benz dealers, and will continue to build and market Mercedes versions.

The company cited multiple factors for the decision to drop the Freightliner van, introduced in the U.S. in 2001, including current and future economic conditions as well as the COVID-19 outbreak.

Mercedes-Benz is also reviewing its global product lineup to reduce costs and complexity.

"The high homologation costs for a single-market, low-volume product as the U.S.-only Freightliner Sprinter brand were central to this decision," Robert Veit, vice president and managing director of Daimler Vans, told dealers i…

Editor's note: This story has been updated to reflect the company’s clarification of Speeks’ oversight of Mercedes-Benz Canada.

ATLANTA -- Nicholas Speeks, CEO of Mercedes-Benz USA, has taken a leave of absence as of Friday morning, the company said late Friday.

It's unclear what prompted the move and Speeks is not expected to return as CEO, said a person familiar with the situation.

Drew Slaven, Mercedes-Benz USA vice president of marketing, will be the CEO on an interim basis, the company said.

Speeks, 61, an outspoken Englishman, took over Mercedes' top job in North America last fall. The executive had steered Mercedes-Benz sales in China for more than six years.

Under his stewardship, Mercedes China grew at a 20 percent annual rate, significantly outpacing the industry and the premium market. Speeks previously ran Mercedes-Benz Japan and has worked for the company in Dubai, Vietnam and Germany.

The vacancy at the top comes as Mer…

Chinese electric vehicle manufacturer XPeng Inc. said it hopes to raise up to $1.1 billion in its initial public offering in New York, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained.

The company said on Friday it intends to sell 85 million American depositary shares, each representing two class A ordinary shares, priced between $11 and $13 per share.

At the top end of the range, XPeng's valuation stood at $9.17 billion.

The IPO comes at a time when U.S.-listed Chinese companies are facing tightened scrutiny and strict audit requirements from U.S. regulators, as tensions escalate between two of the world's biggest economies.

The Chinese EV maker said existing investors Alibaba Group , Coatue, and Qatar Investment Authority had indicated interest in buying up to $200 million, $100 million and $50 million, respectively, of the depositary shares being offered.

Backer Xiaomi Corp. had also indicated interest …