Mazda drops the cover on MX-5 Miata in 1989

Mazda introduces the MX-5 Miata at the Chicago Auto Show on Feb. 9, 1989, giving new life to the classic roadster.

The MX-5 Miata went on sale in May 1989 with a starting price of $13,800 and a 1.6-liter four-cylinder engine with 116 hp and 100 pound-feet of torque.

A five-speed manual transmission was standard but a four-speed automatic transmission was available as an option. It featured a four-wheel, independent double wishbone suspension and four wheel-disc brakes with the front ventilated.

Mazda engineers created a lightweight, threefold, easy-to-operate soft top with simple one-hand operation.

The MX-5 Miata weighed just 2,116 pounds and could reach 60 mph in less than nine seconds.

The Miata's development roots went all the way back to1979, when Mazda Managing Director Kenichi Yamamoto hosted Bob Hall, the West Coast editor of Automotive News.

According to the 1989 book Mazda MX-5 Miata — The Rebirth of the Sports Car in the…

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BYD, GAC to produce face masks to help contain virus

Chinese automakers BYD Co. and GAC Motor Co. are preparing to produce face masks and disinfectants to help motorists and the public ward off the ongoing coronavirus outbreak in China.

BYD said it expects to launch production of face masks and disinfectants on Feb. 17. 

Two BYD plants in the south China province of Guangdong are expected to be churning out 5 million face masks and 50,000 bottles of disinfectants a day by the end of the month, the company added. 

The first batch of face masks and disinfectants will be donated to drivers of public buses, taxis and ride-hailing fleets as well as volunteers fighting the viral outbreak. 

Masks and disinfectant will also be sold to the public at factory prices.

The two plants will keep producing masks and disinfectant until the end of the epidemic, the company said. 

GAC, a state-owned automaker based in the south China city of Guangzhou, has dispatched a team of employe…

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DealerSocket settles lawsuit with co-founder

A co-founder of dealership software company DealerSocket has agreed to settle a lawsuit he brought against the company he helped start nearly 20 years ago and the private equity company brought in as an investor, according to a court filing signed Monday by a judge in the case.

The settlement may clear the way for DealerSocket, which sells customer relationship management software to car dealers, to proceed with its acquisition of dealership management system provider Auto/Mate. The acquisition, announced in January, had temporarily been held up in court.

Vice Chancellor J. Travis Laster on Monday signed off on an order to lift a temporary restraining order blocking the deal, according to a DealerSocket lawyer and confirmed by the Delaware Court of Chancery.

DealerSocket Co-founder Brad Perry filed the lawsuit in January, accusing private equity company Vista Equity Partners, DealerSocket and several board members of deliberately …

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Hyundai recalls nearly 430,000 U.S. vehicles over possible short circuit

Hyundai Motor America is recalling nearly 430,000 vehicles in the U.S. because moisture can get into the antilock braking module, resulting in an electrical short and possible engine-compartment fire.

The recall covers 2006-11 Hyundai Elantra and 2007-11 Hyundai Elantra Touring vehicles. The automaker did not release a global number of vehicles involved.

Hyundai issued a letter to NHTSA on Feb. 6, acknowledging the safety defect.

"An electrical short in the ABS unit may cause an electrical fire, even when the car is turned off, increasing risk of an injury," the automaker said in the letter.

Hyundai has not been able to identify a "discernible trend relating to a design or manufacturing defect" that is causing the moisture intrusion, according to a NHTSA document.

To fix the problem, dealers will install a relay in the affected vehicle's main junction box to prevent the risk of an ABS short circuit while …

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Trump budget would ax loan program sought to revive Lordstown plant

WASHINGTON -- President Donald Trump’s proposed budget would kill a loan program that an electric-truck company is counting on to revive an Ohio factory vacated last year by General Motors.

The company, Lordstown Motors Corp., is seeking a $200 million loan from the Advanced Technology Vehicles Manufacturing Loan Program. The Energy Department initiative doled out billions of dollars to help companies retool factories to build advanced electric vehicles, including a $465 million loan to Tesla Inc. for its Model S in 2010, which the company repaid in 2013, according to the department’s website.

Lordstown Motors plans to hire as many as 400 workers by the end of 2020, according to U.S. Rep. Tim Ryan, D-Ohio, who has urged the department to approve the loan. A company representative didn’t immediately respond to a request for comment.

According to a budget summary obtained by Bloomberg News, Trump’s fiscal year 2021 budget calls for canceling the …

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Ford board leaves embattled CEO with little room for error

DETROIT -- A little executive bloodletting can sometimes ease the pressure on an embattled chief executive officer. But Jim Hackett is unlikely to see any letup from Ford Motor Co.’s board following the surprise early retirement of one his two top lieutenants.

Joe Hinrichs, Ford’s 53-year-old automotive president, will leave on March 1 after almost two decades with the company. As a rising star under celebrated former CEO Alan Mulally, he was put on the fast track to be a potential heir to the top job.

With Hinrichs out of the picture, Ford is elevating Jim Farley, the company’s only other president, to become the first COO since the automaker planned for Mulally’s succession seven years ago. The announcement that the board will revive the role of COO came days after Hackett reported dismal earnings results, dogged by the disastrous rollout of the redesigned Explorer large crossover, and forecast more disappointing numbers for the upcoming year.

“Th…

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Chevrolet releases 2021 Tahoe SUV base prices

Chevrolet released its base prices for the 2021 Tahoe full-size SUV, showing slight increases and a price decrease in one model.

The Tahoe LS will start at $50,295, up $1,000 from the 2020 model. The Tahoe LT starts at $55,095, up $800. The Tahoe Premier starts at $63,895, down $100.

The prices include transportation and destination fees.

All three models will have a standard 10-speed automatic transmission and new independent rear suspension. They also offer 10 more inches of third-row legroom, 66 percent more cargo behind the third row and 30 percent more maximum cargo.

U.S. sales of the Tahoe fell 2.8 percent to 101,189 vehicles in 2019, but the nameplate still led the large SUV segment, according to the Automotive News Data Center.

Chevy faces growing competition in that segment from the Ford Expedition, which finished second with sales of 86,422 vehicles — a surge of 58 percent over 2018, according to the Data Center.

The Tahoe holds…

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HAAH reaches deal with China’s Chery to sell U.S.-made autos

HAAH Automotive Holdings, which is planning to bring Zotye vehicles from China to the U.S. next year, says it has reached a North American distribution deal with another Chinese automaker, Chery Automobile Co.

A U.S.-assembled premium SUV from Chery will be sold and serviced under the brand name Vantas as soon as late 2021, HAAH said in a statement Monday.

U.S. production will begin with semi-knockdown kits. The plan is to eventually transition to full manufacturing, Chris Hosford, a spokesman for HAAH, said in an email. The company is scouting a number of states, including Michigan, for a plant, which would employ about 1,000 to 1,500 workers once fully operational, said CEO Duke Hale during an interview with Detroit radio station WWJ.

HAAH plans to begin recruiting dealers at the NADA Show in Las Vegas this week.

The effort, if carried through, could mark back-to-back debuts of Chinese brands in the United States. HAAH is already working to…

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Daimler to ax 15,000 jobs as cost cuts intensify, report says

FRANKFURT --Daimler is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported, citing company sources.

The maker of Mercedes-Benz cars had said in November that it would cut at least 10,000 jobs and reduce staff costs by around 1.4 billion euros ($1.5 billion) by the end of 2022, a number Handelsblatt said would be significantly exceeded.

Daimler plans to announce the expanded savings at its annual news conference on Tuesday, the paper said, adding that CEO Ola Kallenius would also reduce investments in money-losing projects that are not part of the core business.

Daimler will also slim down its product lineup, the paper said. The convertible and coupe versions of Mercedes' range-topping sedan, the S class, will be axed and the future of the B class is uncertain, Handelsblatt said.

Mercedes has already said it will end production of the X-class pickup at the end of May.

A Daimler spok…

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How GM plant in Spring Hill climbed back

General Motors' collapse in the Great Recession left its mammoth Spring Hill, Tenn., vehicle and engine manufacturing complex without a car to build and with an uncertain future.

A decade later, the site is again pumping, garnering more investment and spurring supply chain growth in the region. Since 2010, GM has reinvested more than $2.3 billion at Spring Hill. And significantly for the site, the investments have targeted flexibility and future auto technologies to keep the plant well positioned.

"Customers' demands have shifted and we've evolved here," Ken Knight, GM Spring Hill executive plant manager for the past eight years, told Automotive News.

Knight said new launches, changing technological trends in the industry and talent are all pushing Spring Hill's mission.

Investments over the past four years have brought key changes.

In 2016, GM committed $788.7 million for a new high-efficiency engine program, a…
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