Newly promoted, high-priced executives at Mazda appear to consider this crossover style has one thing to supply.
Hyundai landed a Benjamin Button to run Genesis and I want I had identified how cheaply I might have purchased an F1 group … after the break.
New Mazda boss makes crossover gross sales
Mazda North America’s new head Masahiro Moro will push the corporate to promote extra crossovers subsequent yr if he takes over the reins. according to Automotive News.
Moro will take over from outgoing longtime CEO Jim O’Sullivan on Jan. 1, and Moro stated he would love the automaker’s enterprise to be primarily based extra on its high-margin crossovers and fewer on its low-profit sedans, such because the Mazda3 .
“Prior to now we had a enterprise mannequin that relied too closely on the Mazda3 collection,” Moro informed Automotive Information. “It’s extremely troublesome to make good cash with this enterprise mannequin.”
To bolster this provide of promoting extra massive autos, Mazda launched its CX-Three in 2015 and can deliver a brand new CX-9 in 2016.
Extra “boom-boom”, much less “zoom zoom”, I assume?
Former Lamborghini supervisor who heads Hyundai’s Genesis division
Manfred Fitzgerald, who headed the model and design of Lamborghini till 2011, will take over the brand new Genesis model from Hyundai, the automaker introduced on Monday.
Fitzgerald will probably be primarily based in Seoul, South Korea, and will probably be liable for technique and advertising and marketing for the younger model, in line with the assertion.
Apparently Fitzgerald is 52 years previous, which you’d by no means discover out within the picture above.
Toyota will possible maintain the crown for the world’s largest automaker
Toyota bought Volkswagen for the fifth consecutive yr in November, which suggests the Japanese automaker will maintain its crown because the world’s largest automaker for 2015.
(Volkswagen, as you might have heard, has had some bother promoting vehicles for the reason that summer time.)
Reuters reported that Group gross sales are down 1 % year-over-year, in line with Toyota, however the automaker shipped 9.21 million vehicles in November.
Renault purchased the Lotus F1 for lower than you suppose
How does $ 1.50 sound? That is how a lot Renault paid for the ailing Lotus F1 group. according to motorsport.
The difficult inventory transaction was restricted to only one pound sterling, in line with the report. In response to Motorsport, Grigny would be the instant proprietor of the group and is a subsidiary of Renault. Grigny was concerned in Renault’s final F1 providing when the previous was referred to as Benetton.
All Pastor Maldonado must know is whose title is on the test.
Yr-end recollects, however 2015 might be in second place
A spate of year-end car recollects ended a busy yr for security regulators, however that could not beat final yr’s file of 64 million autos recalled. The Detroit Bureau reported.
The year-end rush could have one thing to do with Congress lately imposing stricter penalties on automakers below its federal freeway code.
Federal regulators have already imposed file fines on automakers earlier this yr, together with $ 105 million to Fiat Chrysler Vehicles and $ 900 million to Basic Motors for defective ignition switches.