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Autoblog Minute: VW Q3 financial woes, 2015 Tokyo Motor Show

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Consumer Reports pulls its Tesla recommendation, the U.S. copyright office offers a ruling that affects car owners and gear heads, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. After a week away testing vehicles for Autoblog's Tech of the Year award, we're back in the office to recap the week in automotive news. [00:00:30] One of the things you might have missed was Consumer Reports pulling its recommendation of Tesla's Model S sedan. The blemish for Tesla comes after a tally of reviews from customer surveys. The most common problem areas for the Model S as cited by survey takers included: the drivetrain, power equipment, charging equipment, body and sunroof squeaks, rattles, and leaks. So lots of stuff. Though they could not ignore a score of "worse-than-average", Consumer Reports still [00:01:00] highlighted the fact that the Model S was "the best performing car" they've ever tested. Telsa CEO Elon Musk took to social media to defend his sedans saying: "Consumer Reports reliability survey includes a lot of early production cars. Already addressed in new cars." And, "Tesla gets top rating of any company in service. Most important, CR says 97% of owners expect their next car to be a Tesla (the acid test)." In Financial news, Volkswagen took a hit and reported an operating loss of [00:01:30] $3.84 billion. This is the first such loss for VW in 15 years. Toyota reclaimed the crown as the world's largest automaker as well. It's important that it's not all doom and gloom for VW though in Q3. Sales revenues were up and the company's automotive division boasts $30 billion dollars in liquid assets. It's a sizable war chest that will no doubt come in handy, as the company has yet to feel the full brunt of the diesel emissions scandal. Good news for gear heads. The US copyright office [00:02:00] ruled in favor of mechanics and car owners by granting an exception to existing copyright law. The law was originally meant to prevent software pirating and bootlegging of Hollywood movies.

Mazda MX-5 Miata Cup racecar priced at $53,000

The 2016 Global MX-5 Cup is one of very few internationally competitive racing series that the average person can imagine (or afford) getting into. The ready-to-race Miatas are available to order now for $53,000 and deliveries are set to begin later this year. The first one is actually already on track as a pace car at Mazda Raceway Laguna Seca. With competition planned in North America, Europe, and Asia, all of the cup cars are identically prepared to emphasize drivers' skill rather than their bank account. The full list of Cup components hasn't been announced yet, but the roll cage and stripped interior are obvious. The 2.0-liter SkyActiv four-cylinder is still under the hood, too. The Global MX-5 Cup will also offer competitors big rewards, including a $200,000 scholarship for the season champion to move another rung up the motorsports ladder. In addition, Mazda will bring together the top racers from across the world to Laguna Seca to crown a series world title holder in a finale event. That winner will get a test In Mazda's prototype from the IMSA Weathertech SportsCar Championship. For now, Mazda is giving first priority to buyers planning to compete in its series. In the future, buyers of MX-5 Cup cars have other competition options, being eligible for some classes in Sports Car Club of America and National Auto Sport Association racing. Related Video: Mazda Announces Global MX-5 Cup Race Car Pricing - Initial Orders Being Accepted for the $53,000 Ready-to-Race 2016 MX-5 Miata - Oct 1, 2015 IRVINE, Calif., Oct. 1, 2015 /PRNewswire/ -- The Mazda MX-5 Miata is the most road-raced production car in the world. The reason is simple - great performance at an affordable price. The new Global Mazda MX-5 Cup race car follows that formula, and will be Mazda Motorsports' first-ever ready-to-race MX-5 Miata. The new race car will be available at the special introductory price of $53,000. The race car ordering process begins on www.MazdaMotorsports.com with first deliveries scheduled to begin later this year. 2016 Global Mazda MX-5 Cup Race Cars Having a turnkey, ready-to-race car removes the effort of engineering and costs of fabrication, enabling the racer to focus on racing. All racers can purchase identically-built race cars so that driving talent will be the number one determining factor for on-track performance, rather than budget, engineering capability or fabrication skills.

2017 Tokyo Motor Show | Mega Gallery

The 2017 Tokyo Motor Show has been a big and busy one. It's also had machinery ranging from beautiful to bizarre. But there's been something for everyone. Companies such as Honda and Subaru brought performance oriented vehicles, Toyota showcased a wide array of funky and practical concepts, and Yamaha even broke away from motorcycles to do another car concept. You can check all of these vehicles out, and more in the galleries below. 2018 Honda Gold Wing: View 5 Photos Honda Neo Sports Cafe Concept: View 5 Photos Honda Riding Assist-e Concept: View 7 Photos Honda Sports EV Concept: View 5 Photos Honda Super Cub: View 3 Photos Isuzu FD-SI and Elf EV: View 9 Photos Lexus LS+ Concept: View 18 Photos Mazda Kai Concept: View 18 Photos Mazda Vision Coupe Concept: View 15 Photos Mitsubishi e-Evolution Concept: View 8 Photos Nissan IMx Concept: View 29 Photos Nissan Leaf Nismo Concept: View 8 Photos Subaru Viziv Performance Concept: View 12 Photos Toyota Century and Crown: View 7 Photos Toyota Concept-i Series: View 16 Photos Toyota GR HV SPORTS Concept: View 6 Photos Toyota Tj Cruiser: View 12 Photos Yamaha Concepts (Cross Hub, MOTOROiD, MWC-4, Motobot): View 5 Photos Related Video: Tokyo Motor Show Honda Isuzu Lexus Mazda Mitsubishi Nissan Subaru Toyota