Blog

Will GMC enter the subcompact crossover segment after all?

GMC last year categorically ruled out launching a subcompact crossover positioned below the Terrain, but the decade-old rumor refuses to die. The on-again, off-again model is back on track for production, according to a recent report. Citing anonymous sources, enthusiast website GM Authority claims the soft-roader is closer than ever to receiving the proverbial green light for production. It hasn't been approved yet, so development work hasn't started. What it will look like if it receives a thumbs-up from executives is up in the air, but GMC can take several paths into this lucrative (and increasingly popular) segment of America's new-car market. Chevrolet has two fighters in the ring: the Trailblazer and the Trax. GMC could feasibly choose one, put it in a brand-specific wrapper, and call it a day. It could also design its entry from scratch, though this option would take longer and cost significantly more. Either way, the model will allegedly be called Granite or Graphyte, and it will be positioned below the Terrain in terms of size and price, meaning it would likely start above $20,000. In 2019, GMC explained it ruled out expanding its range towards the bottom to position itself as a premium brand. It wanted to focus on high-profit models, like the Sierra and the Canyon, but the crossover's ever-increasing popularity may have proven too alluring to resist. Besides, small and premium aren't mutually exclusive, and downsizing would help the brand increase its annual sales. If you're experiencing deja vu, it's likely because we've heard murmurs about a city-friendly GMC since the Granite concept (pictured) made its debut during the 2010 edition of the Detroit Auto Show. It was approved for production that year, approved again in 2011 (tentatively on a Cruze platform), and abruptly canceled in 2012. GMC hasn't commented on the report, so we'll need to be patient to find out if it's accurate — and how it would differentiate its entry-level crossover from Buick's. In the meantime, the company is putting the final touches on the electric Hummer, which will be offered as a pickup and as an SUV, and it's about to unveil the 2022 Sierra. Featured Gallery GMC Granite Concept Rumormill GMC Crossover

Infiniti teases November debut of new QX55 crossover-coupe

Infiniti will officially unveil its new QX55 crossover-coupe via social media on Nov. 11, Nissan's luxury subsidiary announced early Wednesday. Infiniti is calling it a return to the segment which the company helped pioneer when it launched the FX crossover back in 2002.  "With a roofline and visual elements inspired by the iconic Infiniti FX, the QX55’s provocative design will fuse the stance and versatility of a premium midsize crossover with the sleek profile of a sports coupe," Infiniti's announcement said. "Beyond its provocative looks, the QX55 will also feature innovative technologies designed to empower, engage and connect luxury customers to the road ahead." The announcement was accompanied by the above teaser image, which depicts the QX55's tapered liftgate. It's quite a bit more conservative than the previously released design sketch suggested, but certainly looks the part.  The QX55 is one of five new vehicles Infiniti plans to launch in the next three years. It was first teased last August during Monterey Car Week. While Infiniti has been leaning heavily on the heritage of the original FX (which later became the QX70) since releasing that first design sketch, the QX55 will actually have little in common with its spiritual ancestor. While they may share fastback SUV looks, the QX55 will be based on the QX50 — a modern, front-wheel-drive crossover with small, efficient engines. The FX was derived from Infiniti's sport sedans and coupes, and even boasted a V8 option for much of its existence. Production of the new crossover-coupe was slated to begin in June, but was reportedly pushed back due to complications at its production facility in Aguascalientes, Mexico. The facility is a joint-venture project between Mercedes-Benz parent company Daimler and Nissan, and produces several other front- and all-wheel-drive vehicles for both companies.  Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.    

2021 Jaguar F-Type R Exhaust Test | Music to a gearhead's ears

Against all odds, England has outmaneuvered America for the most savage and wicked-sounding V8 among the two countries. The 5.0-liter supercharged V8 in the Jaguar F-Type has sounded better than anything since it was popped into the R and SVR. Sorry Hellcats, Coyotes, and small blocks everywhere. Jaguar wins. Ford’s flat-plane crank Voodoo V8 in the GT350 and GT350R might be the only one that can compete on the same playing field. One drive in the 2021 Jaguar F-Type R will have you asking, how is this legal? The sheer level of noise coming out of those four very real chrome exhaust tips ensures every single head turns towards the Jaguar sports car if it hadnÂ’t already. In fact, itÂ’s so loud that we even struggled to record it authentically. You see, flooring it all but overwhelmed our microphone with the deafening roar. The key to hearing what the actual exhaust note sounds like is listening to it rev at a slower rate of speed. Then thereÂ’s the trouble of picking up its glorious overrun full of racecar-like yowls and crackling for days. No matter how you drive, youÂ’re guaranteed to be the most obnoxious individual around. Revving it up to around 3,500 rpm in first gear then releasing the throttle unloads a scary level of pops and crackles that echo throughout entire downtown blocks. ItÂ’s almost like Jaguar figured people would still want to make a stupid amount of noise even if theyÂ’re driving along slowly. This car has no chill. Pulling an upshift anywhere past 4,000 rpm prompts a chainsaw-like, ripping braaaaap that will scare small children and the easily-startled everywhere. It induces endless laughter and enjoyment for the driver behind the wheel. The cliche of "itÂ’ll bring out your inner child" perfectly applies to the F-Type R.  Americans can rest assured that theyÂ’re getting the most savage version of JaguarÂ’s exhaust, too. European F-Types have the required gasoline particulate filters that choke the noise, whereas U.S. cars donÂ’t. Sorry, Earth. If youÂ’ve done much reading on the 2021 F-Type already, youÂ’d know that this updated R actually gets the same engine as the previous generationÂ’s SVR. That means it has 575 horsepower and 516 pound-feet of torque. However, the exhaust on the new R is different from the old SVR in that itÂ’s slightly tamer. ItÂ’s difficult to fathom a wilder exhaust than the one fitted to this R, but it makes perfect sense to reserve the ultimate noise maker for the ultimate version of the F-Type.

Mazda announces mild-hybrid variant of MX-30 crossover in Japan

Mazda hinted its first series-produced electric car, the MX-30 introduced in late 2019, might not be sold in the United States. We could see it on our shores with another powertrain under its coupe-like sheetmetal, however. The company announced a mild-hybrid variant of the crossover during a press conference held in Japan. Technical details about the gasoline-electric MX-30 are hazy, but Mazda said it's powered by the same basic mild-hybrid system available in the Mazda3 and the CX-30. That means the drivetrain is built around a 2.0-liter four-cylinder engine and a small electric motor that captures the kinetic energy generated while braking. It uses this electricity to power the car's electronics, and it injects it into the driveline to deliver bursts of extra power. Fuel economy and performance figures haven't been released yet. We expect the mild-hybrid model will be quicker than the heavier electric version, and its driving range will be appreciably greater. The electric model is equipped with a relatively small, 35.5-kilowatt-hour lithium-ion battery pack that delivers a 124-mile range. Mazda explained using a smaller pack yields total CO2 emissions on par with a turbodiesel-powered Mazda3. The biggest visual difference between the two variants is an e-Skyactiv-G emblem on the hatch. Both model wear the same sporty design characterized by a steeply-raked roof line and a set of rear-hinged half doors reminiscent of the rotary-powered RX-8. It's the same story inside, where the hybrid and the EV are all but identical. Significantly, the hybrid MX-30 is expected to cost less than the electric model, which carries a base price of ˆ33,490 (about $40,000) in Germany. All told, it's better positioned than the EV to stick the landing if it's sent to the United States. Mazda hasn't yet published a list of the countries where it will sell the hybrid MX-30. Autoblog asked the company for additional details, and received word back that the company hasn't yet "made any announcements on MX-30 for the U.S. market." Related Video:     Featured Gallery 2021 Mazda MX-30 e-Skyactiv-G Green Mazda Crossover Electric Hybrid

2021 Mazda3 2.5 Turbo starts at over $30,000

Following its introduction a few weeks ago, we now have official pricing for the 2021 Mazda3 2.5 Turbo. The most affordable version is the sedan starting at $30,845. The hatchback adds $1,000 for a total of $31,845. The full list of standard features hasn't been announced, but either model comes standard with all-wheel-drive, an automatic transmission and the turbocharged 2.5-liter four-cylinder that makes 250 horsepower and 320 pound-feet of torque on premium fuel. A higher Premium Plus trim is available for the turbo Mazda3, too. It starts at $33,395 for the sedan and $34,695 for the hatchback. One of the key features added to the Premium Plus is an "Aero Kit" that adds front and rear spoilers to the hatchback, and a rear spoiler to the sedan. An enhanced version with sideskirts and a rear diffuser is also available for an additional $1,075. The complete kit is available as an option on the base turbo hatchback for $1,900. The trim also adds leather upholstery, navigation, low-speed lane-keep assist called "Traffic Jam Assist," parking sensors and rear automatic emergency braking. Furthermore, you can add 18-inch BBS forged wheels to not just the turbo 3, but any model, and a full set will cost you $3,675.80. At the other end of the spectrum is the revived Mazda3 with a naturally aspirated 2.0-liter engine. It makes just 155 horsepower and 150 pound-feet of torque and is only available on the sedan with an automatic transmission and front-wheel-drive. It starts $21,445, bringing the base price for the small Mazda down by $1,000. The base price for the naturally aspirated 2.5-liter sedan still starts at $22,445. One final note, the Mazda3 2.5 S with Premium Package remains the only way to get a manual transmission in the Mazda3. It starts at $28,795. You can see the full breakdown of pricing below. Mazda3 2.0 Sedan FWD: $21,445 Mazda3 2.5 S Sedan FWD: $22,445 Hatchback FWD: $23,445 Mazda3 2.5 S Select Sedan FWD: $23,645 Hatchback FWD: $24,645 Sedan AWD: $25,045 Hatchback AWD: $26,045 Mazda3 2.5 S Preferred Sedan FWD: $25,295 Hatchback FWD: $26,295 Sedan AWD: $26,695 Hatchback AWD: $27,695 Mazda3 2.5 S Premium Sedan FWD: $27,795 Hatchback FWD: $28,795 Sedan AWD: $29,195 Hatchback AWD: $30,195 Mazda3 2.5 Turbo Sedan: $30,845 Hatchback: $31,845 Mazda3 2.5 Turbo Premium Plus Sedan: $33,395 Hatchback: $34,695 Related Video:    

GM cites evidence of offshore accounts, wants FCA racketeering lawsuit revived

General Motors on Monday asked a U.S. federal judge to reinstate a racketeering lawsuit against Fiat Chrysler Automobiles NV (FCA), saying it has new information on foreign accounts used in an alleged bribery scheme involving its smaller rival and union leaders. In its filing to U.S. District Judge Paul Borman, GM says the scheme, which it alleges occurred between FCA executives and former United Auto Workers (UAW) leaders, "is much broader and deeper than previously suspected or revealed as it involved FCA Group apparently using various accounts in foreign countries ... to control corrupt individuals by compensating and corrupting those centrally involved in the scheme to harm GM." Last month, Borman threw out the racketeering lawsuit, saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations. GM alleged FCA bribed UAW officials over many years to corrupt the bargaining process and gain advantages that cost GM billions of dollars. GM was seeking "substantial damages" that one analyst said could have totaled at least $6 billion. "These new facts warrant amending the court's prior judgment, so we are respectfully asking the court to reinstate the case," GM said in a statement. "FCA will continue to defend itself vigorously and pursue all available remedies in response to GM's attempts to resurrect this groundless lawsuit," FCA said in a statement. In affidavits accompanying GM's filing, attorneys for the automaker said "reliable information concerning the existence of foreign bank accounts" used in the alleged scheme had only come to light recently. "The UAW is unaware of any allegations regarding illicit off-shore accounts as claimed," by GM, the UAW said in a statement. "If GM actually has substantive information supporting its allegations, we ask that they provide it to us so we can take all appropriate actions." Earnings/Financials Government/Legal UAW/Unions Chrysler Fiat GM

Ram open to releasing electric pickup if buyers ask for one

Ram hasn't announced plans to launch an electric pickup yet, but it confirmed it's keeping a close eye on the burgeoning segment in case it needs to jump in. At least half a dozen electric pickups are scheduled to enter production during the first half of the 2020s, including models from Ram's rivals and from start-ups. "The reason we haven't spoken much about electric pickup trucks is not because we view that market as non-existent. We've always had a slightly different view of timing and adoption rates, particularly in North America in terms of full electrification. We are very committed to our electrification strategy — most of which we have revealed," Mike Manley, the head of Ram parent Fiat-Chrysler Automobiles (FCA), told The Detroit News. There is not a single electric truck available new in the United States in 2020, but the segment is expected to balloon in the coming years. Tesla and start-up Rivian both introduced close-to-production concepts that remain over a year away from entering production. Ford will make an electric derivative of the 14th-generation F-150, while General Motors will send both Chevrolet and GMC marching into the segment; the latter will resurrect the Hummer name. On paper, it looks like Ram is behind. In reality, it's still too early to tell if the demand is there. What remains to be seen is whether carmakers can turn social-media likes and eye-catching headlines into profitable sales, or if the electric pickup will become the proverbial brown, turbodiesel, and stick-shifted station wagon of the 2020s — a vehicle everyone loves the idea of but that no one wants to spend a dime on. Pickups have ruled America's sales chart for decades, but electric cars remain a small niche at best; they represented a 1.6% share of the market in 2019. Ram is essentially waiting to find out if installing one of America's least popular propulsion technologies in the nation's favorite body style by a long shot will resonate with buyers. "We haven't revealed everything. But, obviously pickup trucks are a key franchise for us, and we're not going to sit on the sidelines if there is a danger that our position gets diluted going forward," Manley stressed. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

To survive in India, a diminished Nissan bets big on a small SUV

NEW DELHI — By any measure, Nissan has had a dreadful run in India. A push to revive its lower-end Datsun brand flopped, sales have slumped 60% over the past five years, and its sole plant in the country is operating way below capacity. But the amount of money and energy that Nissan — battered by scandal and expecting a record $4.5 billion annual operating loss worldwide — will spend to turn its fortunes around in India will hinge on the sales of one vehicle, its new Magnite compact SUV. The SUV may also determine how much heft Nissan will wield as it and alliance partner Renault thrash out their respective roles in the Indian market. Unveiled this month and due to be launched either late this year or early 2021, the Magnite will be Nissan's first new vehicle in India in two years. It's expected to have a 1.0-liter three-cylinder engine with 72 horsepower, and a turbocharged version of that engine making 100 horsepower. It will have features such as an 8-inch touchscreen, cruise control, and a 360-degree camera. Moreover, it will be just one of three Nissan-branded models in the market after two others were pulled in April when tougher emission rules kicked in. "Magnite will buy Nissan a couple of years to figure out a plan for India and the SUV's success will determine whether it invests more or scales down operations," said one source. A second source called the sport-utility vehicle Nissan's "last hope" to revive the brand in India. Japan's No. 2 automaker has, however, no plans to withdraw from India, where it has invested over $800 million, and discussions about strategy are ongoing, the sources said. They were not authorized to speak to media and declined to be identified. The Datsun brand is likely to be phased out as part of a global overhaul, they added. Nissan's only other models in India are three Datsun cars. Nissan said in a statement to Reuters it is committed to the Indian market and has a well-defined strategy for "a sustainable and profitable business". It declined to comment on sales goals for the Magnite.   Who will lead? Nissan's internal plans call for sales of 1,500 to 2,000 Magnites a month, the first source said — which if realized would exceed the average India monthly sales it achieved last business year with seven models. The SUV will be priced "aggressively," the sources said without elaborating.

Driving the Honda Ridgeline and marveling at Tesla | Autoblog Podcast #638

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Associate Editor Byron Hurd. They start off talking about why more people should buy the Honda Ridgeline, because it's a pretty darned good truck. Next, Byron talks about some Hyundais. He shares his experiences with the 2020 Sonata Hybrid and talks briefly about the prototype 2021 Elantra currently occupying his driveway. Up next, Jeremy shares his feelings about the BMW X1 crossover he spent some time with, prompting the gang to mull over the notion of BMW's modern interpretation of "Ultimate Driving Machine." After that, Byron talks about towing his 1990 Mazda Miata with the 2020 Infiniti QX80, and then they wrap up with some discussion of the mystery surrounding the Ford Maverick and some comments on the current state of Tesla. Autoblog Podcast #638 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Hauling dirt with the 2020 Honda Ridgeline Driving the 2020 Hyundai Sonata Hybrid Discussing the 2021 Hyundai Elantra Driving the 2020 BMW X1 Towing a 1990 Mazda Miata with a 2020 Infiniti QX80 News Ford Maverick tailgate stamping leaks; we may see the whole thing in 2021 Tesla reports profit for fourth straight quarter, setting it up to join S&P 500 Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Subaru ends orders for BRZ in Japan as production winds down

Production of the Subaru BRZ has ceased, marking the end of an eight-year run for the small enthusiast car. The final examples have rolled off of the assembly line ahead of what is expected to be a brief hiatus before the introduction of its successor.  The wind-down of the current BRZ and Toyota GT86 should come as no surprise; Subaru even announced a "Final Edition" BRZ for the German market earlier this year. British outlet Autocar reports that Subaru's production partner, Toyota, is still taking orders for its version of the jointly developed sports coupe, though an announcement regarding its wind-down is expected to be forthcoming.  The timing is especially tricky for potential buyers in Japan who may be looking to snag the rear-wheel-drive sports coupe, as they are limited to whatever remains in dealer inventories. According to Subaru's Japanese BRZ landing page, there may not be a ton of options for shoppers still in the market.  "We have finished accepting orders for build-to-order manufacturing of the models listed," the translated page says. "Due to stock availability at retailers, we may not be able to meet customer requests for body colors and options . Please contact your dealer for more information." We don't yet know for certain when Toyota and Subaru will announce their plans for the next-generation GT86 and BRZ, which were first introduced eight years ago. Rumors have suggested that they could be powered by a turbocharged four-cylinder producing approximately 250 horsepower, which would be a healthy bump from the existing cars' 197-horsepower outputs.  The next-generation car is expected to ride on a new joint platform, and may ditch the current generation's boxer engine in favor of a more traditional inline layout. Despite hints that Toyota wants its next GT86 to "surpass" the Supra, it's unlikely that an affordable sports coupe will infringe too drastically on the more-expensive halo car's performance turf.  Related Video:    

North America profit helps Fiat Chrysler limit its losses from coronavirus

MILAN — Italian-American automaker Fiat Chrysler Automobiles (FCA) posted a smaller-than-expected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID-19 pandemic. FCA said on Friday it had an adjusted loss before interest and tax of 928 million euros ($1.1 billion) in April-June, versus a forecast 1.87 billion euro ($2.2 billion) loss in an analyst poll compiled by Reuters. The group also said it made adjusted earnings before interest and tax of 39 million euros ($46.2 million) in North America, the home market of its Jeep and Ram brands, in the quarter. Milan-listed FCA shares were up 1.2% at 1125 GMT, after being little changed before the results. Chief Executive Mike Manley said the group's plants were up and running and car dealers were selling in showrooms and online, following disruptions caused by the pandemic. "We have the flexibility and financial strength to push ahead with our plans," he said in a statement. FCA, which is set to tie-up with Peugeot maker PSA to create Stellantis, the world's fourth largest carmaker, said on ongoing probe launched by European Commission competition authorities was not expected to delay the merger timetable. Despite the pandemic, PSA earlier this week delivered a profit in the first half of the year and stuck to its medium-term margin goal. FCA said its industrial free cash flow was minus 4.9 billion euros in the second quarter, with a slightly lower cash burn compared with January-March.  

Mazda braces for record annual operating loss as car sales slump

TOKYO — Mazda Motor Corp forecast a record annual operating loss on Friday as the Japanese automaker continues to be pummeled by falling vehicle sales due to the COVID-19 pandemic. Japan's No. 5 automaker anticipates a 40 billion yen ($383.5 million) loss for the year to March, joining a growing number of automakers, including Ford and Nissan, which expect annual losses after the virus shuttered vehicle plants and kept customers away from car dealerships. Even before the coronavirus outbreak, the maker of the CX-5 SUV crossover and the Mazda3 sedan had been suffering from sliding profits for the past two years as slim new vehicle offerings has knocked sales in the United States and China, its two biggest markets. In the year to March, Mazda anticipates an 8% fall in global vehicle sales to 1.3 million units, its lowest in seven years, which will likely result in an operating loss. The automaker said it would forgo paying a dividend this year. Ahead of Friday's announcement, the company's shares fell 7%, as the consensus forecast in a Refinitiv poll of 19 analysts was for a 46 billion yen annual loss. Mazda posted an operating loss of 45.3 billion yen for the first quarter, its weakest in 11 years, due to a 31% drop in vehicle sales between April and June. In the April-June quarter, sales fell to 244,000 units, largely due to a drop in demand at home and in Europe. Sales in North America, Mazda's biggest market, fell 19% in the same period. But China was a bright spot, as sales rose 13% during the quarter as car demand has returned to the world's largest auto market, having recovered relatively quickly from the virus.

Cadillac Lyriq teased ahead of debut next week

The Cadillac Lyriq is just around the corner, set to be fully revealed on August 6. Cadillac just released a few teaser photos and videos as preparation for the big debut a week from today. It’s our best look at the production version of the car yet. Of course, you may remember photos of the EV concept released over a year ago, but the production crossover is shaping up to be a little different. This carÂ’s most intriguing element so far is the charge outlet panel integrated into the front fender. The large piece appears to lift up and slide out of the way when itÂ’s time to plug in. This reveals a decorative LED light strip that outlines the outlet, ultimately leading into the Cadillac logo above. Below the panel is a small, silver GM badge that if our guess is correct, says “Ultium” for the Ultium battery technology going into the Lyriq.  The wheels feature a unique silver and black two-tone design. Those black inserts are ridged, and the wheel is likely designed for better aero performance and increased range. ItÂ’s tough to say much about the design itself, but the silhouette is giving us crossover coupe vibes with its heavily raked rear window and sloping roofline. It appears to have a couple spoilers, one on the roof and then another as a ducktail below the rear window. CadillacÂ’s video teasers provide for the briefest of front end glimpses. Still, we can see the fancy lighting signature that Cadillac has created. ThereÂ’s both a light-up Cadillac badge and small LED lighting strips integrated throughout the grille. ItÂ’s concept car-like in appearance, so we do wonder whether this will find its way into a production Lyriq. The vertical DRL weÂ’re used to seeing on other Cadillacs has also made an appearance on the outer edges of the front bumper. ItÂ’s been previously stated that the Lyriq would enter production in 2022, so even when GM does reveal the electric Cadillac next week, itÂ’ll be a long while till we see the vehicle on the road. Related Video:

2021 Acura TLX Type-S to be powered by 355-horsepower V6

The 2021 Acura TLX Type-S is on track to deliver 355 horsepower, Honda's luxury subsidiary said Thursday, floating the power figure in an announcement that a prototype of its new sport sedan will serve as the pace car for the 2020 Pikes Peak International Hill Climb on August 30. The 3.0-liter V6 will also boast 354 pound-feet of torque, Acura said. These figures put it in the heart of the midsize performance sedan category, alongside the likes of the Cadillac CT5-V (360 horsepower) and Audi S4 (349 horsepower); BMW, Mercedes-Benz and Infiniti all offer more. The 2021 TLX sits on a new, stiffer platform and marks the return of a double-wishbone front suspension.  2021 Acura TLX to Make Racing Debut at Pikes Peak International Hill Climb "Racing is a key expression of Acura’s Precision Crafted Performance DNA. For the past nine years, Acura has utilized the grueling Pikes Peak hill climb as an opportunity to grow the skills of the companyÂ’s young engineers and as a test bed for future performance technologies in Acura production vehicles. The Acura Pikes Peak race team is comprised of a group of volunteer R&D engineers and is responsible for all aspects of the competition, including the development of vehicles, race prep, crew support and navigating race cars to the finish line," Acura's announcement said.  Acura will field two TLX race cars in the Exhibition class at Pikes Peak. Both will be powered by the base, 2.0-liter turbocharged four-cylinder. Based on the company's announcement, it appears that one will be front-wheel drive and the other equipped with Acura's Super Handling All-Wheel Drive (SH-AWD), which is standard on the Type S. This engine makes 272 hp in street tune, but the race cars have received upgrades. The SH-AWD model boasts a larger turbocharger and intercooler for additional power, while the front-wheel-drive model received a milder tune and some suspension tweaks. A Time Attack NSX piloted by James Robinson will accompany the sedans. The Type-S will serve only as a pace vehicle, not a competitive entry.  Related Video:

2021 Kia K5 First Drive | Comfy, cool, but not quite king

Despite the sedan market continuing to lose market share to crossovers and SUVs every year, it’s still a segment that sells millions of units a year. ItÂ’s also one of the most hotly contested segments with strong offerings from Honda, Toyota and Mazda among others, which means itÂ’s hard to stand out. But the 2021 Kia K5 aims to do exactly that. It discards the long-running Optima nameplate for the model's Korean-market alphanumeric designation, and adopts the most dramatic styling Kia has ever used on a midsize sedan. Kia has coupled that with a stylish, quality interior, and a driving experience that is exceedingly comfortable. It's not particularly engaging to drive, which prevents it from being the segment's best, but itÂ’s a strong competitor thatÂ’s worth your consideration. Like the K5Â’s Optima predecessor, the K5 is mechanically related to the Hyundai Sonata, and shares powertrains with it. But this time, itÂ’s a bit choosier. The only engine available at launch is a 1.6-liter turbocharged four-cylinder making 180 horsepower and 195 pound-feet of torque coupled to an eight-speed automatic transmission. The Sonata's naturally aspirated four-cylinder is nowhere to be found. Fuel economy comes in at 27 mpg city, 37 mpg highway and 31 mpg combined for most trim levels, with the base LX basically getting 1 mpg better. 2021 Kia K5 GT-Line View 11 Photos The K5 will also offer all-wheel drive with this engine, again differing from the Hyundai. Later this year, a much more powerful 290-hp turbocharged 2.0-liter engine shared with the Sonata N-Line will be offered on the K5 GT. This version will be front-wheel-drive-only and get an eight-speed dual-clutch automatic instead of a traditional torque-converter unit. Kia is promising a 0-60 time of 5.8 seconds, which would be blisteringly quick for a family sedan. In the EX and GT-Line models we tested out, we found the standard engine had plenty of torque throughout the rev band, so it will comfortably haul you around, but never really excite. ItÂ’s mostly quiet, but pushing it hard will elicit some buzziness. The transmission is quite smooth and chooses gears well enough, but gear changes in manual mode are sluggish. Again, weÂ’re hoping the GT will liven things up a bit. Not being exciting is not necessarily a bad thing, though. It wonÂ’t be long before you discover that the K5Â’s advantage is its superb comfort.

Fisker plans lineup of four electric vehicles by 2025

Fisker recently declared it wants to secure the rights to use Volkswagen's MEB platform to underpin an electric crossover named Ocean. Although the deal hasn't been finalized yet, it released a preview image that sheds light on some of the other cars it plans to release. Company founder Henrik Fisker envisions a four-car range by 2025. Introduced as a concept at CES 2020, the Ocean takes the form of a battery-powered soft-roader that's about the same size as the Ford Mustang Mach-E. Although we don't know which platform it will be built on yet, it's expected to enter production in early 2021 and land with a base price in the vicinity of $38,000 before local and federal incentives enter the equation. Fisker announced it will also launch a flexible lease program. Fisker described its second vehicle as "a segment-busting super-sports sedan based on the EMotion concept," and its preview image shows the design study it introduced during CES 2018. There's no word yet on how it will evolve as it makes the transition from a show car to a production car, but Fisker explained it delayed the sedan's introduction until 2022 at the very earliest, in part because the solid-state battery technology it hopes to make available isn't ready for production yet. It also anticipates the Ocean will sell in greater numbers than the EMotion. The California-based company's range will also include a "sports crossover," which looks like a fastback on stilts in the vein of the BMW X4. Shown for the first time, it seemingly receives a much sportier design than the Ocean. Finally, it reaffirmed its plans to enter the burgeoning electric pickup segment, but the truck it plans to catapult into this increasingly crowded ring is hidden under a sheet. Fisker added all of the aforementioned models will be built using "platforms, battery packs, and components" sourced from the world's leading manufacturers and suppliers. They'll all be electric — gasoline-, diesel- and hybrid-powered vehicles aren't part of Fisker's plan. Fisker can talk the talk, there's absolutely no doubt about it, but now it needs to prove it can walk the walk. It's in the process of going public by merging with a blank-check company backed by Apollo Global Management. The deal will give it a $2.9 billion value, and provide it with $1 billion in gross proceeds it will use to make the Ocean a reality. Proceeds from that model will presumably be used to develop and launch production of its other cars.

2021 Maserati Quattroporte spied getting ready for another light refresh

Maserati just announced that both the Quattroporte and Ghibli sedans would get Trofeo versions next month, but it looks like the standard Quattroporte is going to get a facelift soon, too. The Quattroporte is on the old side of the spectrum at this point (last refreshed for 2017), and we expect this to be the last refresh before a totally new model is released. From the looks of these spy shots, Maserati is painting the Quattroporte with a very light brush. Camouflage simply covers the front bumper of the white sedan and the rear lights of the black one. Everything else looks identical to the current car, so look for an updated front bumper, grille and lights with this refresh on the exterior. The vast majority of changes coming to the Quattroporte are likely going to be those we can’t see.  Look for updated tech in the infotainment system and instrument cluster. ItÂ’s generally made up of tech borrowed from FCA now, so an update from the parent company could help the Quattroporte keep pace with its luxury competition. Expect minor updates with additional features and possibly a number of additional driver assistance technologies.  WeÂ’re still unsure if Maserati will update the engine lineup. Right now you can choose between a couple of boosted engines, one a V6 and the other a V8. When the Trofeo comes, we expect the new flagship will offer the same power as the Levante Trofeo with its Ferrari engine. The Quattroporte maxes out at 523 horsepower now, and if nothing else changes, the Trofeo would bring it up to 590 horsepower. Assuming the Trofeo debuts sporting the facelifted styling, we donÂ’t have long to wait for the full details on what weÂ’d assume is the 2021 model year car. Maserati says itÂ’s revealing the Trofeo on August 10, so check back in for the full details on that car and the Ghibli Trofeo. Related video:

Renault gets a 'wake-up call' — a record $8.6 billion loss

PARIS — French carmaker Renault said it had been given a wake-up call on Thursday with a record net loss of 7.29 billion euros ($8.6 billion) in the first half of the year, inflicted by the COVID-19 crisis and troubles at its alliance partner Nissan. Global automakers have been hit hard by the coronavirus pandemic, which has shuttered factories and kept many customers away from car dealerships. But the Renault-Nissan alliance has been hit especially hard as it was already weakened by low margins and boardroom turmoil surrounding Carlos Ghosn, the architect of the alliance who was ousted in 2018. Renault shares were down 3.3% when trading opened in Paris. "Today's results will be a disturbing wake-up call," CEO Luca de Meo, the former Volkswagen executive who started at Renault this month, said on a call with analysts. "We are currently touching the bottom of a negative curve that started several years ago, and probably even earlier," de Meo added. "We are in a complex, difficult situation. We all are. But ... we were already, I would say, feverish. So for sure it is even harder for us." De Meo said the company would now double down on a previously announced turnaround plan, laying off thousands of workers, reducing the range of models, and improving cooperation between alliance partners on vehicle production. He said a team of 40 senior executives from across Renault was cloistered on the top floor of the company's headquarters in Boulogne-Billancourt near Paris, working on details of a strategic plan which will be presented in January at the latest. He said his focus would be pushing the Renault brands that can deliver profits — especially compact cars, SUV crossovers, and electric and hybrid vehicles — and shifting emphasis from volume to value. "We know what we need to do," de Meo said. "Better times are waiting at the end of this twisty road." Renault said group operating losses, factoring out the effect of Nissan's losses, reached 2 billion euros in the first half, compared with operating income of 1.5 billion last year. Sales slumped 34.9%, a result the company attributed mainly to the global COVID crisis and Renault burned through $6.38 billion in cash over the first half. Nissan Motor Co this week warned of a record $4.5 billion operating loss this year and its lowest sales in a decade. Its negative contribution accounted for 4.82 billion of Renault's net losses, the French firm said on Thursday.

Rumor suggests Kia Soul EV replacement will not come stateside

The replacement for the Kia Soul EV may not come to the United States after all. Despite the company's plans to introduce it here last year, presumably as a 2020 model, a Kia source has reportedly told Roadshow that plans to bring the next-generation compact electric hatchback to the U.S. have effectively been canceled. While Kia has not officially commented on the current status of the Soul EV, its delayed introduction is a troublesome signal to those who hoped to see the second-generation electric hatchback on U.S. dealer lots. While a delay of just a year is fairly minor compared to what we've seen from some promised introductions in the past decade (looking at you, Mazda), this rumor — combined with the lack of official updates from Kia — is nonetheless concerning to those who were excited by the prospect of Kia's small EV returning.  The Soul EV has been on sale in Europe since late last year. It can drive for up to 243 miles on a single charge, which is about double that of the last-generation model. Kia originally blamed the delay on supply issues related to its battery pack, which it shares with the Hyundai Kona Electric, and Kia Niro EV. Roadshow speculates that priority is being given to the Niro here in the United States, as it is already on sale and its crossover format gives it an advantage with American buyers. When reached for comment, a Kia spokesperson confirmed that the company is focused on Niro EV deliveries and that the Soul EV is not expected to arrive any sooner than 2021, but stopped short of confirming that it is currently on track for release next year.  If this rumor turns out to be accurate, it will be a blow to the compact electric car segment, as the Soul EV looked to be a highly competitive entry, with more polish and refinement than the Chevrolet Bolt and a healthy range advantage over the Nissan Leaf.  Related Video:

GMC Hummer pickup and SUV previewed in video, set to be revealed in fall

GMC has just provided us with our first good look at the upcoming Hummer EV pickup and SUV. A video was posted online previewing the two models that also happens to feature LeBron James. From clay sculptures to prototypes in various levels of completeness, GM is allowing the world a sneak preview of what’s to come. A couple of the more revealing images come in silhouette photos of both the truck and SUV at the end of the video. The truck has a big four-door crew cab and an exceptionally small bed behind it. The angle from cab to bed is also notable. ItÂ’s not easy to see exactly whatÂ’s going on since itÂ’s shrouded in darkness, but when we saw the Hummer pickup, it was rocking sail panels that resemble the ones on the truck weÂ’re looking at. The truckÂ’s general shape is off-road oriented with squared-off, sharp lines tracing the entire silhouette. Its big, knobby tires and blocky wheels are clear indicators of what GM was aiming for with this electric pickup. As for the SUV, comparisons to the Ford Bronco four-door will be inevitable. If our eyes are picking up the scale of this photo correctly, though, the Hummer SUV appears to be a slightly larger vehicle than the four-door Bronco is. Although, the wheelbase for the SUV is shorter than that of the Hummer truck. ThatÂ’ll help it off-road. Those small bumpers and short overhangs along with the bumper cutouts should be hugely beneficial to approach and departure angles, as well. Hummer EV prototype View 6 Photos GMCÂ’s shots of the Hummer in the studio are equally as revealing. We can see what looks to be an intense front skid plate and two big tow hooks. In addition to the off-road gear, GMC has allowed a look at the frunk. The front “grille” is one piece with the hood of the truck, so the whole assembly pulls up. That makes for what appears to be a very easy-to-load front trunk compared to other EVs that force you to lift items up and over the front of the car. The whole removable roof assembly is exposed in this video, too. We can see the crossbars that the removable panels attach to and also what the truck looks like with the tops removed. The SUV appeared to have removable roof panels from our short glimpse of it in a studio awhile back. Other new details GM mentioned in the video include Adrenaline Mode, Crab Mode and Next-Gen Super Cruise. We donÂ’t know what Adrenaline Mode or Crab Mode do yet, but theyÂ’re certainly off-road modes that GM has designed specifically for this electric Hummer.

Lamborghini Essenza SCV12 is an 830-horsepower track weapon

Following in the footsteps of the likes of the Diablo GTR and the Miura Jota, the new Lamborghini Essenza SCV12 is the latest limited-run, uber-performance GT car that offers more power than any other naturally aspirated V12 model Lamborghini has ever produced. To say the Essenza SCV12 is purpose-built would be understating it. From the carbon fiber monocoque and the adjustable aerodynamics to the structurally integral gearbox, everything about the Essenza SCV12 was engineered expressly for speed by Lamborghini's motorsports division. Lamborghini says the V12 actually makes more than 830 horsepower, but didn't offer us anything more specific. Its multi-function wheel was even inspired by the control interfaces found in Formula One, and the rest of the cockpit is similarly racecar-spartan, down to the FIA-homologated carbon-shell seats. The exterior bodywork comprises just three sections to facilitate quick repair and replacement. All four wheels are magnesium alloy and the brakes were developed by Brembo. "Essenza SCV12 represents the purest track driving experience that our brand can offer, an engineering feat that highlights the inextricable link between our cars and the asphalt of the track," said Lamborghini CEO Stefano Domenicali in the company's announcement. "Lamborghini is a brand constantly looking to the future and searching for new challenges, but we never forget our roots and who we are: Essenza SCV12 is the perfect combination of our unconventional spirit as a super sports car manufacturer and our true passion for motorsport." The Essenza SCV12 puts all 830 horsepower to the ground via the rear wheels. The aforementioned structural gearbox is a six-speed sequential unit and the mounting point for the rear pushrod suspension. The aero elements, which were borrowed (with modifications, of course) from Lamborghini's racing cars, produce more than 2,600 pounds of downforce at 155 MPH — more than you get from the aero on a GT3 race car.  Making the deal even sweeter is the fact that purchasing one of these 40 Essenza SCV12s also confers access to a series of exclusive track events along with storage space in a new building (a hangar, Lamborghini says) that the company has built at its facility in SantÂ’Agata Bolognese.  "We wanted to elevate not only performance and driving pleasure but also the experience off the track," said Giorgio Sanna, Head of Lamborghini Motorsport.

2021 Buick Envision's bold design means small space gains, a few big losses

So far, every preview we've had of the 2021 Buick Envision compels us to believe that it isn't playing in the same league as the current Envision, nor is it playing the same sport. The chiseled, crisp exterior is matched by an interior that, in pictures at least, sends a genuine premium message. GM Authority got early intel on dimensions for the new crossover, the numbers showing that the only close relationship between the current and the new Envision is in size. According to GMA, the 2021 Buick will be 185.5 inches long on a wheelbase of 109.4 inches, it'll stand 74.1 inches wide without mirrors, and 64.6 inches tall. Front and rear tracks are matched at 63.3 inches. That makes the new version 1.8 inches longer than the current five-seater, with a wheelbase stretched 0.9 inches, while width is 1.7 inches wider but overall height is 2.2 inches lower. The track has been expanded by 1.3 inches front and back. The four-trim lineup will be base, Preferred, Essence and Avenir. Buick's website pegs the current Envision at the single curb weight of 3,755 pounds. GMA writes that the new car comes in at 3,685 pounds in base form, or 3,932 in top Avenir trim. Those could all represent weights for front-wheel-drive models. AWD will be optional on all but the base 2021 Envision. The price for edgier design is a tiny cut in interior room in front. In the coming crossover, front headroom shrinks 0.4 inches to 39.6 inches, front legroom shrinks by 0.5 inches, front shoulder room goes down by 0.3 inches. Front hip room gains 0.7 inches, however, Occupants in the row behind get a tiny bit more space in two dimensions, rear headroom going up 0.4 inches, rear legroom by 1.8 inches, Rear shoulder room gets shaved 0.7 inches, and those haunches on the 2021 model take a bite out of rear hip room, that spec dropping by 5.7 inches to 47.4.  Cargo room sees a slight dip, too, there being 25.2 cubic feet of space behind the second-row of seats compared to 26.9 feet available now. The gap grows with the rear seats down, the coming Envision able to swallow 52.7 cubic feet behind the front row, the current Envision managing 60 cubic feet.  When product starts showing up on dealer lots, we're to expect a 2.0-liter turbocharged four-cylinder under the hood with 230 horsepower and 258 pound-feet of torque, shifting through GM's nine-speed automatic transmission. GMA believes pricing will start around $34,000, which would be about $500 more than the current Envision.    

2021 Lexus LC 500 Convertible First Drive | Is less roof better?

The azure waters of the French Riviera are set ablaze by the setting sun as a cool breeze wafts in from the Mediterranean. The warm breath from the neck-level heaters commendably compensate. The 2021 Lexus LC 500 Convertible turns inland, the road winding through the rocky terrain like an ebony ribbon. A stunning blonde in a vintage Ferrari waves as she passes by; a man resembling Pierce Brosnan, but richer, gives a thumbs up. I'm sure someone is having this experience during their first drive of the new LC Convertible, but it sure isn't me. I'm in Scappoose, Oregon, which is as picturesque as it sounds. It's raining. Hard. An old woman in a Subaru pulls out of the Dutch Bros. So yeah, this won't exactly be a romantic tale of car and locale meeting on equal terms of grandeur. Resplendent in Flare Yellow paint, the LC Convertible couldn't be more conspicuous here if there were literal yellow flares bursting from its tailpipes. Yet, even on the Cote d'Azure, the LC would assuredly stand out. Being the color of an electric banana helps, but it’s a stunning car in any shade. From the A pillar forward, it's identical to the LC Coupe, but as expected, things change rearward. Currently available in two colors — black and "sand" — the four-layer soft top fits snugly over the cabin and creates a much different silhouette than the coupe. Although the LC's shoulder line rises to roughly the same point in both body styles, it meets a black trim piece on the coupe that creates the impression of a "floating" roof that extends deep onto the tail, resulting in a tiny trunk lid. By contrast, that shoulder line meets the convertible's roof directly, which pinches the rear quarter window, abruptly ends the roofline and creates a comparatively vast plain of a trunk lid. From the rear and with the roof up, the coupe is the more elegant car. Roof down, it's debatable. To these eyes, that rising shoulder line creates a bit of the hunchback look you get with the 911 Cabriolet. There are other design changes. The trunk lid kicks up further and extends wider, creating a more pronounced integrated spoiler. Within it is the relocated brake light. Covering the lowered roof is a rigid tonneau cover with humps that neatly align with the back seat's headrests. Between them is a small wind deflector that manages to be enough when the windows are raised to create an impressively serene cabin in the brief moments when the drizzle clears to motor al fresco.

2021 Lexus NX 300 and NX 300h stick to the formula

After placing the limited-run NX 300h F Sport Black Line Special Edition at the top of the range, Lexus has announced few changes for the rest of the NX lineup going into 2021. For its sixth year on the market, on the exterior of the compact luxury crossover, Blue Vortex Metallic slips off the color wheel, replaced by Nori Green Pearl. The deep forest hue dazzled recently on the 2020 Lexus LC 500 Inspiration Series. Less visible to outsiders, NX models get low-profile windshield wiper blades, and power-folding, auto-dimming, reverse-tilt mirrors. Revisions to the standard interior have been confined to a revised horn pad, and a slightly different red zone on the tachometer, but Lexus didn't clarify what that last point means. Among the feature set, every NX will include blind spot monitor with rear cross traffic alert in the driver safety technology that's grouped under the Lexus Safety System+ 2.0 banner. Turning to the options sheet, ordering the Navigation package will include the HomeLink garage door opening system, and the Mark Levinson audio system comes with an updated amplifier.   After that, what we're already familiar with from the NX lineup carries on. That means three trims, the NX 300, NX 300 F Sport, and NX 300h, plus the NX 300h F Sport Black Line until they're all sold. Engine choices are a 2.0-liter four-cylinder with 235 horsepower and 258 pound-feet of torque on the non-hybrid models, and a 2.5-liter Atkinson cycle four-cylinder engine in the NX 300h that works with three electric motors to produce a total combined output of 194 horsepower. The non-hybrid NX trims get a six-speed transmission, the hybrid employs a CVT. Related Video:

Jaguar Land Rover names ousted Renault boss as new CEO

LONDON — Jaguar Land Rover (JLR) has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain's biggest carmaker to profit after a big hit from the COVID-19 pandemic. Bollore took over at Renault in January 2019 after the fall of Carlos Ghosn, but was always viewed as close to the French carmaker's longtime boss and was pushed out in October when the company was looking for a fresh start. Bollore will take over at JLR on Sept. 10, replacing Ralf Speth, whose tenure ends after more than 10 years. "It will be my privilege to lead this fantastic company through what continues to be the most testing time of our generation," Bollore said in a statement on Tuesday. JLR was hit this year first by disruption to sales in China and then by lockdowns across Europe and North America as the COVID-19 outbreak spread around the globe. In 2019, it cut jobs to address tumbling diesel sales, which helped it return to profit. But as the pandemic struck, it slumped to a pretax loss of 422 million pounds ($545 million) for the year ended March 31, 2020. The company has already taken steps to tackle the crisis, including agreeing to a loan facility of around $700 million with lenders in China and further staff reductions. JLR is also in talks with the British government over potential support, according to media reports. Bollore takes over a business that built just over 500,000 cars in 2019/20. He faces a number of tasks, including how to handle the Jaguar brand, which underperforms the Land Rover marque, how quickly to electrify its lineup and a potential hit from Brexit if trade barriers are imposed. JLR has a partnership with BMW on electrification, and parent company Tata Motors recently recommitted to the company. "Tata Group recognizes and values Jaguar Land Rover's future potential highly," said JLR Chairman Natarajan Chandrasekaran earlier this month. "That is why this company is central to our global automotive presence – a presence that we intend to develop for years to come." Related Video:         (Additional reporting by Chris Thomas in Bengaluru and Gilles Guillaume in Paris; editing by Jason Neely and Mark Potter)

Jaguar InControl Touch Pro Infotainment Review | Improved, but far from the best

The infotainment systems in Jaguar or Land Rover vehicles over the past many years have been a cause for concern. They’ve been slow to respond, lacking in features and lagging behind the high-tech luxury competition by a wide margin.  Software updates and newer, better hardware keep coming, though. That being the case, it's time to take another look at what the latest infotainment system from Jaguar can do and how it goes about its business. We happened to be in JaguarÂ’s freshest product on the market for this test, too, the 2021 Jaguar F-Type R. Watch out for a full test on that car soon. Jaguar names its tech the Jaguar InControl Touch Pro system, and itÂ’s running on every model but the ancient XJ. The refreshed XE is also distinctive in that itÂ’s running the Touch Pro Duo screen setup that replaces the vast majority of the physical climate controls with a touchscreen. To get a visual guide and watch the screen in action, check out the video above.  In addition to the central screen, we also dive into the fully digitized instrument cluster thatÂ’s become the standard for other Jaguar models. The F-Type gained the screen this year, and it operates similarly to all the others.  On the surface, JaguarÂ’s infotainment system is rather simple and modern. ItÂ’s a clean UI thatÂ’s free of the many frills and fancies you might find in a Mercedes or Audi. YouÂ’ll never get lost in a sea of menus or settings a la BMW iDrive, as Jaguar never allows you to dive several levels deep. ThatÂ’s good for simplicityÂ’s sake and makes operating the system a cinch once you learn where the functions are. JaguarÂ’s bottom row of frequently used items is a perfect place to start, because thereÂ’s a good chance that youÂ’ll rarely need to stray from this small subset of functions. Both Apple CarPlay and Android Auto boot right up via a wired connection. They worked without issue all week long in the F-Type without glitches or failures to operate. In fact, we were generally impressed with this infotainment system and the accompanying digital cluster. It was only plagued by the occasional stutter or long pause between clicks, but not as often as in past Jaguars and Land Rovers. Unfortunately, itÂ’s tough to keep up when the German competition seems to be running systems that are faster, more fluid and bursting with features. Admittedly, some of those features are things that may never be truly useful and add to their aforementioned complexity.

Florida Man accused of buying Lamborghini with coronavirus relief funds

We'll preface this by saying that when things work as they're meant to, we don't hear about them. When it comes to the Paycheck Protection Program, created as part of the CARES Act in March to provide loans to businesses to pay employees during the coronavirus lockdown, that means many jobs were saved but we also get stories of honest businesspeople unable to get loans or blackguards abusing the program. This story is the latter. David T. Hines, a 29-year-old Miami man with four businesses, applied for PPP funds in May. He received about $3.9 million in loans, and blew about $500,000 of that before the government began investigating and his bank froze his accounts. Instead of applying for loans to cover monthly expenditures of about $200,000 among his four moving-related companies, the feds say, Hines' four applications through Bank of America claimed combined monthly expenses of $4 million to pay 70 employees. BofA approved three of the four submissions. After the government made its first of three planned deposits of $3,984,557 into Hines' Bank of America account, Hines continued requesting more money, authorities say, ultimately seeking $13.54 million.  The spending began almost immediately after the PPP disbursement. As far as the government could tell by going through Hines' records, none of the money was spent on employees who "either did not exist or earned a fraction of what Hines claimed in his PPP applications.” Instead, officials say, Hines picked up a blue Lamborghini Huracan Evo for $318,497. He paid a person he listed as "Mom" $60,000. Saks Fifth Avenue got another $4,000. In June, $8,500 went to the Graff jewelry boutique, and $7,000 went to Miami's Setai hotel. The disbursement problem has arisen because the Small Business Administration that backs the PPP loans doesn't verify the claims in the applications, according to Assistant U.S. Attorney Michael Berger. How did Hines get caught, then? He got into a hit-and-run accident in his blue Lamborghini in July, and Miami police impounded the car. That eventually attracted investigation from no less than six governmental departments: the FDIC-OIG, USPIS, IRS-CI, the SBA-OIG, the Board of Governors of the Federal Reserve System, and the Bureau of Consumer Financial Protection-OIG. The U.S.

Hyundai now on the electric offensive to catch up with Tesla

SEOUL — Hyundai, an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now's it's going on the offensive in the battery-powered market led by its U.S. rival. The South Korean company plans to introduce two production lines dedicated to electric vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters. Euisun Chung, leader of the Hyundai Motor Group conglomerate that also includes Kia Motors, has also held a series of meetings since May with his counterparts at Samsung, LG and SK Group, which make batteries and electronic parts. The purpose of the talks, which were publicly announced, was for Hyundai to try to secure batteries at a time of tight supply as the race for EVs intensifies, according to several industry sources. Those manufacturers also supply the likes of Tesla, Volkswagen and GM. Hyundai told Reuters it was collaborating with Korean battery suppliers "to scale up" its electric car production efficiently. It declined to comment on any plans to introduce dedicated production lines. Samsung, LG and SK declined to comment. The moves indicate the carmaker is moving aggressively to expand its electric capacity, days after Chung announced on July 14 that Hyundai Motor Group aimed to sell 1 million battery EVs a year and grab a global market share of over 10% by 2025. There's some way to go; Hyundai Motor Group sold 86,434 battery EVs last year, according to data from industry consultant LMC Automotive. That was above the 73,278 sold by Volkswagen Group but behind the 367,500 delivered by Tesla. Hyundai, the world's No.5 automaker together with Kia Motors, said its agility allowed it to lead the charge into EVs. "We are certain Hyundai is never going to fall behind," it added. No Kodak moment A senior Hyundai insider, who declined to be identified because of the sensitivity of the issue, said the company had not been concerned about Tesla when the Silicon Valley company was producing high-end cars. But it became more worried when Tesla brought out a cheaper Model 3 in 2017, according to the insider, who described it as a "strategic victory." No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and software technology.

Maserati adding two more high-performance Trofeo models to the lineup

Two years ago, Maserati introduced its first high-performance Trofeo trim level to the 2019 Levante crossover. With its 590-horsepower twin-turbo V8, it became the most powerful Maserati in the lineup. It seems it will have company soon, as Maserati teased on Twitter the addition of Ghibli and Quattroporte Trofeo sedans. Besides announcing the new models, the company released a single teaser image and a reveal date. We can infer some things based on the existing Levante Trofeo, though. The Quattroporte Trofeo will undoubtedly get the same 590-horsepower V8, since it already has a low-output 523-horsepower version of the engine. The Ghibli could possibly get the V8, too, since it shares its basic underpinnings with the other two cars. Having a 590-horsepower compact sports sedan would be quite the feather in Maserati's cap, since it would outgun everything else in the segment. That being said, even lower-output versions of the V8 in the Ghibli would be exciting. These Trofeo models will also let the world know they're the fastest versions of their respective nameplates. The Levante Trofeo features the most aggressive bodywork of any Levante, and that will surely translate to the sedans. Hopefully Maserati will also see fit to provide the Trofeo sedans with upgraded suspension and brakes to handle the extra power. We should have most of the details soon. The reveal date for these high-speed Maseratis is August 10. Related Video:

Cadillac applies to trademark Symboliq, Optiq and Celestiq names

GM Authority found a General Motors trademark filing with the Swiss Federal Institute of Intellectual Property for the phrase "Cadillac Symboliq" and the name "Symboliq." The documents submitted on July 22 were for the category of "Motorized land vehicles, namely automobiles.” It appears the Swiss action was GM following up on what it had done the day before in the U.S. On July 21, GM filed paperwork with the U.S. Patent and Trademark Office to secure three words and three phrases: Symboliq and Cadillac Symboliq, Optiq and Cadillac Optiq, and Celestiq and Cadillac Celestiq. Every name is listed for application to "Motor land vehicles, namely, automobiles." Cadillac recently explained its switch to model names that end in "iq," pronounced "ick," and the fact that the Celestiq name is among the recent trio leads us to believe the automaker has strong intent to use the other two on future products. We know the Celestiq — a large, hand-built, flagship sedan that will follow the Lyriq to market, predicted to retail for close to $200,000 whenever it goes on sale. We also know Cadillac has three more battery-electric products in the works after the XT5-sized Lyriq and "massive" Celestiq. As laid out in a 2019 GM Sustainability Report pitching 20 new electric vehicles across all brands by 2023, from Cadillac we're anticipating an XT4-sized crossover, an XT6-sized three-row crossover, and an electric take on the Escalade. Two of those three could get the Symboliq and Optiq names. The lineup, and more important, Cadillac's vision, will make more sense on August 6 when we finally get to see the Lyriq concept, with its single pane of 33-inch glass forming the instrument and infotainment display across the dash, tall taillights, and 22-inch wheels.   Related Video: