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Luxury carmakers make way more than just cars

Whether it's as simple as Ferrari offering model cars or as opulent as Bugatti with an $84,000-belt buckle, practically every automaker does more than just sell cars to keep their brands visible. The profits from these ventures might not be enough to keep the lights on, but in such a competitive industry, any extra cash is welcome. For the automakers that get licensing just right, there is a ton of profit to be made. According to a recent story examining the practice by The New York Times, Ferrari makes around $2.6 billion from merchandising each year, and General Motors tops that at $3.5 billion. Beyond just a profit center, merchandising can also protect an automaker's name. Take Hummer for example. The GM division shut down years ago, but it has continued to produce licensed cologne on sale around the world. "Because we still have the active fragrance, we're protecting the brand if we ever decide to bring it back," Gene Reamer, a GM licensing senior manager, told the Times. The whole piece is a fascinating look into this often ignored, but quite lucrative facet of the auto business. Read it for yourself, here. Related Video: News Source: The New York TimesImage Credit: Luca Bruno / AP Photo Design/Style Earnings/Financials Marketing/Advertising Read This Ferrari GM Hummer branding

GMC Hummer EV SUV first drive, RIP Camaro, Ferrari Roma Spider | Autoblog Podcast # 773

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by News Editor Joel Stocksdale. They start off with one of the week's biggest official news items — the impending death of the sixth-gen Chevrolet Camaro. On the subject of powerful American cars, they pivot to a teaser from Stellantis execs that there are big things ahead for its Dodge Charger SRT Daytona Banshee concept. From there, they look at Ferrari's new topless Roma and then get into Ford's multi-billion-dollar electric vehicle pivot. Speaking of expensive EVs, Joel just got back from driving the new GMC Hummer SUV. He also had the new F-150 Lightning Pro in his driveway, and that's followed by Greg's update on Autoblog's long-term Toyota Sienna.  Autoblog Podcast # 773 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown News Chevrolet Camaro production will officially end after 2024 model year Dodge CEO teases more to come from Charger SRT Daytona Banshee Ferrari Roma Spider returns a front-engined soft top to the lineup Ford Model e losing billions as it says EV unit should be seen as startup What we're driving Ford F-150 Lightning Pro 2024 GMC Hummer EV SUV 2023 Toyota Sienna Platinum AWD Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: How to activate Crab Walk on the GMC Hummer EV

Mil-Spec 006 Hummer H1 born into the darkness

Mil-Spec Automotive is up to build number six of its Hummer H1s, this one a customer commission for someone with the last name "Bane." This marks the halfway point in the Launch Edition series of 12 models that will run through to next year. Per customer request, the template started with Build 002, also a four-door slantback, but deviates in a few functional ways. That starts with the four-door slantback variant, but this one gets a much larger rear window. The Bold Body and Tire Package stretches horizontal footprint by eight inches, the bodywork by seven inches. Fender flares hulk over 20-inch gun-black rims wearing 38-inch Nitto Grappler tires. Build 006 shuns the executive interior package on Build 002, putting its cushiness on the outside with the Air-Ride Package. That installs eight-way adjustable shocks all around and automatic ride height adjustment. Sounds like the buyer could need it, since the newest unit also gets the 12K Package that ups GVWR to 12,000 pounds, with beefier axles, springs and braking. A 6.6-liter Duramax diesel sits beneath the $1,299 functional hood scoop, the oil-burner's output rated at 500 horsepower and 1,000 pound-feet of torque. And no road trip to Sonora or Medellin would be complete without a 12,000-pound Warn winch, lavish front brush guard and heavy duty rear step bumper, aluminum snorkel, 60-inch overhead light bar, and Paracord interior door handles. We'd think a locking front axle would be a given on this kind of rig, but apparently this H1 makes do with an ARB air locker on the rear. The brief for the design was "simple yet dramatic." Job done, we'd say, with Build 006 terrorizing the ground like black thunder. The price gets attention just as well: $295,039. This kind of drama doesn't come cheap. Featured Gallery Mil-Spec 006 Hummer H1 View 13 Photos News Source: Mil-Spec Automotive Hummer Truck Luxury Off-Road Vehicles Special and Limited Editions hummer h1