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Autoblog Minute: VW financial woes continue, Tesla Model X dazzles

Volkswagen sees its financial woes continue, and Tesla reveals the all electric Model X crossover. Autoblog's Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Update: The post has been updated to show the complete range of estimated MPGe specs for the Model X P90D and not just the 92 combined MPGe. Show full video transcript text [00:00:00] Volkswagen sees its financial woes continue, and Tesla reveals its all electric Model X crossover. I'm Senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. Volkswagen has been removed from the DOW Jones Sustainability Index, or DJSI. A decision that takes effect on October 8th. Removal from this key index is yet another black eye for the embattled automaker and it [00:00:30] indicates VW's fall as a company leads the way in economic, environmental and social performance. Ever since the emissions scandal broke the world's top selling automaker's stock has struggled. Reports estimate VW's losses to be a staggering 30.8 billion dollars. Tesla rolled out the Model X this week. A live web-stream showed us what to expect. Like, how the Falcon Wing doors adapt to tight parking spots and low garages. Towing capacity [00:01:00] was also demonstrated. The CUV is said to be able to haul 5,000 pounds, while carrying 7 passengers and luggage. Still, there was no mention of how towing would affect battery life or the range of the all electric crossover. The Model X also boasts a giant air filtration system with a "Bioweapon Defense Mode," a feature that is said to protect passengers against bacteria, harmful gasses and as Elon Musk joked, possible apocalyptic events. [00:01:30] Stay tuned. According to early EPA estimates, the Model X 90D has a range of 257 miles with 90 MPGe city, 94 highway and 92 combined MPGe. Those are the highlights from the week that was. Be sure to check out my full weekly recap this Saturday. Plus I'll have some added insight into Mazda's new sports car. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Tesla Volkswagen Crossover Diesel Vehicles Electric Autoblog Minute Videos Original Video vw diesel scandal

United States drivers buying fewer Mexican-made cars

Crossovers and pickup trucks are not only growing in market share, they're also more profitable than cars. A crossover on the same platform as a sedan retails for thousands more, despite similar components. It's one of the reasons we've seen automakers rapidly shifting production of their sedans and hatchbacks to Mexico, where cheap labor preserves the thin profit margins on these inexpensive vehicles. But as the market continues to shift in the United States, Mexico is getting burned by its lack of product diversity. The country's auto exports, which are heavy on cars, suffered a 16-percent drop last month, Automotive News reports. In total, year-over-year exports fell from 233,515 to 197,020 last month, while year-to-date exports are down by 7.4 percent, from 922,029 to 854,118. The number one culprit? America – which usually accounts for 75 percent of Mexico's exports – and its appetite for crossovers and pickup trucks bolstered by cheap gas prices. While Mexico does build some light truck models – AN specifically calls out the Ram 2500, Honda HR-V, GMC Sierra, and Toyota Tacoma as export leaders – the vast majority of vehicles rolling out of its factories are sedans and hatchbacks. In fact, the three biggest drops in Mexican exports came from companies whose south of the border factories only build cars – Ford (Fusion/Lincoln MKZ and Fiesta), Mazda (Mazda3), and Volkswagen (Golf and Jetta). Mexican Automotive Industry Association President Eduardo Solis told AN the export shortfall will likely be sorted out sooner rather than later, thanks to a pair of new factories – a Kia car factory and an Audi SUV plant – that are coming online by year's end. The two facilities will add around 100,000 vehicles to the country's export totals, which Solis said should leave the industry on the verge of breaking another export record in 2016. But how sustainable will these record-breaking years be? Slapping an "Hecho en Mexico" sticker on a new German SUV won't be enough to change the fact that Mexico's product mix is tilted too heavily towards body styles that are not growing in volume. Mexico's record-breaking export years probably aren't at an end, but we'd argue they're certainly under threat. News Source: Automotive News - sub. req.Image Credit: Omar Torres / AFP / Getty Images Plants/Manufacturing Ford GMC Honda Mazda RAM Volkswagen Truck Crossover SUV Mexico

Recharge Wrap-up: VW Caddy TGI BlueMotion, VR tour of Tesla Model X

Take a 360-degree virtual tour of the Tesla Model X. Best viewed in the YouTube app on your smartphone, the video above - courtesy of Canadian Press Video News – allows you to look around the inside of the Model X as though you were sitting inside it. While you're viewing it, keep in mind Tesla CEO Elon Musk's words about virtual reality: "It's quite transformative. You really feel like you're there." See the video above, and read more at Teslarati. LG Chem's batteries for the 2017 Chrysler Pacifica Hybrid minivan will be the Korean company's first time engineering and manufacturing a complete battery pack in Michigan for a volume production North American plug-in hybrid. The packs include lithium-ion cells, electronics and control units. The batteries were engineered at LG Chem's Troy, Michigan facility, and will be built at the company's Holland, Michigan plant. "Our experience with entire battery packs, including cell design and manufacturing capability, as well as our expertise in vehicle integration, makes us the ideal battery supplier for the Pacifica Hybrid," says LGCPI CEO Denise Gray. "We believe our technical strengths, engineering and manufacturing expertise, position us as a leading battery and control system provider for electric vehicles today and in the future." Read more at Green Car Congress. Volkswagen Commercial Vehicles will debut its Caddy TGI BlueMotion van at the Geneva Motor Show. The van, which is suited to family, taxi or city delivery use, can run on CNG or bio-natural gas in addition to gasoline. It also features a six-speed DSG dual-clutch transmission – a first in its class. The multiple high-pressure tanks for compressed gas are located under the floor, preserving all the Caddy's precious cargo space. A TGI version of the Caddy Alltrack will also be available, initially with a six-speed manual transmission, with the DSG option arriving in the middle of 2016. Read more at Green Car Congress, and in the press release below.