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Ford F-150 SVT Raptor sales jumping to new heights
Thu, 12 Sep 2013Ford can't seem to build F-150 SVT Raptors fast enough. The off-road-ready trucks have been one of the Blue Oval's most reliable sellers, with record sales in eight of the last 10 months and a 14-percent jump in 2013. That's impressive enough, considering that the least expensive Raptor starts at $44,000. Factor in the modded F-150's fuel economy (it's rated at 11 miles per gallon in the city and 16 on the highway) and a national average gas price, as of this writing, of $3.55 per gallon, and its success is as unlikely as Ford's home team, the Detroit Lions, winning the Super Bowl this year (sorry, Lions fans, we're just quoting the experts in Vegas...).
Yet for some reason, Raptors spend an average of just 15 days on dealer lots before being snapped up, which is a quarter of the 60-day industry average. According to Ford's truck group marketing manager, Doug Scott, it's capability that keeps the Raptor selling strong. "What's helping drive Raptor sales is that Raptor delivers unmatched off-road performance to our customers. Raptor is also proof of our commitment to offer a truck for every customer and continuously improving them to meet our customers' evolving needs."
To address the strong demand for Raptors, Ford will bump production from three trucks per hour to five. Not much, we agree. But building an extra 48 trucks per day, at most, seems like a prudent way of addressing demand without oversaturating what is ultimately a niche market. Check out the press release below for more.
DoJ fines Japanese parts firms $740M in massive automotive price-fixing scandal
Fri, 27 Sep 2013Nine Japanese suppliers have pleaded guilty in US court over charges of price fixing in the automotive parts industry, resulting in the Department of Justice doling out a total of $740 million of fines, according to a report from Bloomberg. The scandal, which has resulted in General Motors, Ford, Toyota and Chrysler spending up to $5 billion on inflated parts and driving up prices on 25 million vehicles has sent the DoJ hustling into investigations. "The conduct this investigation uncovered involved more than a dozen separate conspiracies aimed at the U.S. economy," Attorney General Eric Holder (pictured above) said during yesterday's press conference.
As the investigation stands, the DoJ has issued $1.6 billion in fines against 20 companies and 21 individual executives, with 17 of the execs headed to prison. Deputy Assistant Attorney General Scott Hammond said, "The breadth of the conspiracies brought to light today are as egregious as they are pervasive. They involve more than a dozen separate conspiracies operating independently but all sharing in common that they targeted US automotive manufacturers."
Big-name suppliers indicted in the investigation include Mitsubishi Electric, Mitsubishi Heavy Industries, Hitachi Automotive and Mitsuba Corporation. A list of fines and other corporations named in the investigation is available at Bloomberg.
Inside the 2016 Ford Focus RS at the New York Auto Show
Fri, Apr 3 2015The Ford Focus RS made its US debut Wednesday at the New York Auto Show, offering Americans their first chance to experience the hot hatch live and in the flesh. Naturally, we wanted to know more, especially about what the Focus RS will mean to US buyers. We caught up with John Wicks with Ford Performance program management and Omar Odeh, a Focus product marketing manager, on the show floor of the Javits Center in New York, where they explained the ins- and outs of all-things Focus RS. The car was first revealed in Germany in February, and then traveled to the the Geneva Motor Show in March. It will employ a modified version of the 2.3-liter EcoBoost four-cylinder used in the 2015 Mustang tuned to make more than 315 horsepower. It also received upgraded brakes, suspension components and aerodynamic pieces compared with more sedate Focus models. Underscoring its sporting credentials, Ken Block helped Ford engineers during the hatch's development, and the Focus RS showcases a new all-wheel-drive system with torque-vectoring. The New York show debuted two colors that will be worn on the production Focus RS: a light, bright shade called Nitrous Blue and a more sinister hue named Stealth Gray. The Focus RS enters production late this year at a factory in Germany. New York Auto Show Ford Hatchback Performance Videos 2015 ny auto show