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Cheers and Gears
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We ♥ Cars
We ♥ Cars

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Tesla Finds Itself Under Investigation By the Justice Department - We have to wonder if Tesla CEO Elon Musk regrets posting this tweet as the Justice Department has opened an investigation into the company. Bloomberg has learned from two sources that federal prosecutors opened a fraud investigation into the company after Musk\'s tweet sent shares soaring. This follows an inquiry by Securities and Exchange Commission into whether or not Tesla had issued \"misleading pronouncements on manufacturing goals and sales targets.\" The investigation is in the early stages according to a source and its unclear how big of a scope the investigation could take. Prosecutors could look into other statements by Musk concerning Tesla\'s overall health and the circumstances surrounding Dave Morton, Tesla\'s former chief accounting officer. “Last month, following Elon’s announcement that he was considering taking the company private, Tesla received a voluntary request for documents from the DOJ and has been cooperative in responding to it. We have not received a subpoen
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Ferrari\'s New CEO Reveals Plans Through 2022 - Ferrari held their annual Capital Markets Day where the company provided details about their plans through 2022. CEO Louis Camilleri revealed a roadmap that is similar to what former CEO Sergio Marchionne presented previously. 15 new models are expected to launch by 2022 and that will include a new SUV called Purosangue. However, Camilleri has pushed back the launch from 2020 to 2022 to \"get it perfect.\" There will also be a new mid-engine model that may serve as Ferrari\'s performance flagship as it is said to be quicker than the La Ferrari. Ferrari is also expanding its hybrid offerings, planning to offer 60 percent of its total production with a hybrid engine by 2022. This will include a new V6 with turbocharging. Camilleri has also pulled back on Marchionne\'s earnings target of 2 billion euros to a range of 1.8 to 2 billion by 2022. \"This is an ambitious plan, but a doable one based on a concrete, detailed framework,\" said Camilleri. Source: Bloomberg
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2019 Audi e-tron Joins the Electric Car Fray - September has become electric-vehiclepalooza as various automakers have revealed either production or concept electric vehicles. Audi is the latest automaker to join this as last night, they unveiled the 2019 e-tron crossover. Unlike the Jaguar I-Pace or Mercedes-Benz EQ C, the e-tron looks very conventional. The basic shape, grille, and lighting fits in line with Audi\'s other crossovers. There are some little touches that reveal this isn\'t your normal crossover such as the closed-off grille and aerodynamically optimized 20-inch alloy wheels. One item that the U.S. version will miss out on are the cameras that take the place of the side-view mirrors. Audi is working with regulators to get approval for them. The interior is instantly recognizable as an Audi with a modern design for the dash and dual-screen layout for the infotainment. One interesting touch is the uniquely styled wrist-rest on the center console that has a toggle on the edge for switching gears. The e-tron\'s drive syste
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2019 Volkswagen Beetle Final Edition Marks the End - The end of the Volkswagen Beetle is coming. Volkswagen announced last week that production of the iconic coupe and convertible will end next July at the company\'s Puebla, Mexico. Before the final curtain call, Volkswagen will be building a Final Edition version. Available as a either a coupe or convertible, the Final Edition will be available with two exclusive colors - Safari Uni and Stonewashed Blue. You can also get it in white, black, or grey if the exclusive colors don\'t interest you. Convertibles aside from those painted in Safari Uni will get a light brown top. A set of multi-spoke 17-inch wheels are standard on the SE, while 18-inch retro styled wheels come on the SEL. For the interior, the Final Edition comes with seats that have pleating. SE models come upholstered in a combination of leatherette and cloth, while the SEL makes do with leather. Power comes from the same 2.0L turbo-four found in other Beetles. It produces 174 horsepower and 184 pound-feet of torque. This is pa
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Lucid Motors and Saudi Arabia\'s PIF Sign An Investment Agreement - Last month, we reported on a rumor that that Saudi Arabia\'s Public Investment Fund (PIF) was in talks about possibly providing funding to electric car start-up Lucid Motors. The fund would provide an initial investment of $500 million, but would expand it to a billion if certain milestones were met. This morning, Lucid Motors announced that it signed an agreement with the PIF totaling over $1 billion, subject to necessary regulatory approvals. If given the go-ahead, Lucid will use the money to finish building their plant in Arizona, complete development on Air, and begin production by 2020. “By investing in the rapidly expanding electric vehicle market, PIF is gaining exposure to long-term growth opportunities, supporting innovation and technological development, and driving revenue and sectoral diversification for the Kingdom of Saudi Arabia,” said a spokesman for the PIF. The PIF made headlines last month when Tesla CEO Elon Musk revealed the fund as being the provider for the a
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Rumorpile: Toledo Plant To Be Home To New Ram Midsize Truck - In the most recent five-year plan for Fiat Chrysler Automobiles, Ram Trucks revealed that it planned to have a new midsize truck by 2022. Thanks to a new report from Automotive News, we have some tantalizing details. According to supplier sources, the new Ram truck will be built at FCA\'s Toledo, Ohio plant - home to the Wrangler and upcoming Wrangler pickup. Half of the plant has been shutdown since April for retooling to make way for the Wrangler pickup. The line regularly built more than 230,000 JK Wranglers per year before undergoing the retooling process. FCA is not expecting the Wrangler truck to sell in high numbers, leaving a fair amount of capacity ready for another vehicle. Hence where the Ram midsize comes in. This also reveals that the midsize truck will be body-on frame. We\'ve heard previously that Ram was considering unibody construction. The truck is expected to debut in 2020 as a 2021 model. Source: Automotive News (Subscription Required)
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Cadillac Puts Diesel Development on the Back Burner - As part of their ambitions to compete with European automakers on their home soil, Cadillac was working on a range of four- and six-cylinder diesel engines. According to Automotive News, the upcoming XT4 was expected to have a diesel engine by 2020 and other models would follow. There was also plans about selling diesels for Cadillacs in the U.S. But Cadillac President Steve Carlisle said development has been put on hold. \"We have been working on diesel, but the markets may be changing more quickly than we anticipated,\" he said to AN. \"Going forward, we will focus on electrification.\" The diesel program at Cadillac got hit with a double whammy over the past few years. First was the Volkswagen diesel emission crisis that broke in September 2015. There was talk about killing the project, but \"executives felt it had progressed too far to kill\". Then last year, General Motors sold Opel to PSA Group. The German division was working with Cadillac with development. Still, the brand continued
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BMW Vision iNext Puts A Very Bold Face Forward - By 2025, BMW is planning to have 25 electrified vehicles in its lineup - 12 being full electric. One of those models will look somewhat similar to the Vision iNext concept that has been revealed today. Lets address the elephant in the room, the exterior design. The overall shape is very polarizing (we know, huge understatement) with a grotesque take on BMW\'s iconic double kidney grille, square fenders, large glass area, and wheels that looked liked they were pulled off from a fan. No side view mirrors are to be found - instead a set of cameras handle that. There are also door handles. Instead, the surface of the car will light up, indicating where to touch to open the doors. Moving inside, BMW\'s designers went for a wide-open lounge design with an end table masquerading as a center console and the backseat looking more like a love seat. The steering wheel and pedals can pop out or tuck away with a touch of the BMW logo on the transmission selector. Two large screens dominate the dash
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Rumorpile: Mercedes EQ S Will Be First Model To Use A Dedicated EV Platform - Mercedes\' is planning to have 10 fully-electric models by 2022 - a mix of electric models for current nameplates and new models as part of the EQ family. We\'ve already seen the EQ C crossover and the EQ A hatchback is waiting in the wings. A new report from Autocar has revealed some details on the EQ S, the flagship model of the EQ family. The EQ S is expected to launch in 2020 and be first model to use a dedicated EV platform. Known as MEA2, the platform features a lot of aluminum and is designed with a fully flat floor. The EQ C and and EQ A use modified versions of current Mercedes models: MQ C uses a variation of the GLC\'s platform, and the EQ A will be based on a revised version of the A-Class platform. According to source, the EQ S will slot between the E and S-Class, and be similar in size to the CLS-Class. The EQ S will have a \"shorter bonnet and ultra-short overhangs\" to help maximize interior space. Power is expected to come from a dual-motor layout - one mounted on each axl
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Review: 2018 Mazda CX-5 vs. Volkswagen Tiguan - A few weeks ago, I wrote a comparison test between the 2018 Mazda CX-9 and Volkswagen Atlas. It was a close fight, but the Atlas ended up being the victor as it proved to be the better all-around three-row crossover. I find myself comparing these two brands once again, this time with their compact crossovers. Like their larger brethren, the two models take different approaches. The Mazda CX-5 goes for something that provides a premium feel and exciting drive, while the Volkswagen Tiguan uses space and comfort as its guide. Which one of these crossovers Which one of these crossovers is right for you? Exterior Mazda’s design team believed evolution would be the right approach for the second-generation CX-5’s design and we have to agree. Taking the first-generation model, designers added more curves to the body, widened the front grille, and angled the front LED headlights. In what is becoming a very crowded class, the CX-5 stands tall, especially when wearing the optional Soul Red p
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