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Autoblog Minute: New Civic, FCA UAW Agreement, Frankfurt

FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. Autoblog senior editor Greg Migliore reports on the Weekly Recap edition of Autoblog Minute. Show full video transcript text [00:00:00] FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. FCA reached a tentative labor agreement with UAW leadership. The major focus of the new deal reportedly includes: the eventual elimination of the two-tier pay scale [00:00:30] and pooling worker health care. Now that a leadership agreement is in place, the deal will be sent to FCA's rank-and-file. FCA has about 36,000 hourly employees. We got a first look at the interior and exterior of the 10th-generation Civic. Honda expects the new sedan to dominate the C-segment when it hits dealerships later this fall. Civic coupe, five-door hatchback, Si and Type R will all come later. The 2015 Frankfurt Motor Show is in the books and there was a lot of news to get excited about. [00:01:00] Porsche introduced a fully electric concept car in the Mission E. If they make this car, Porsche could give Tesla nightmares. We also saw SUVs from Jaguar and Bentley. There were two beautiful Italian convertibles from Ferrari and Lamborghini. Meanwhile, Mercedes introduced a concept of their own in the IAA - a vehicle that experiments with adaptable aerodynamics. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. Plus we'll have some added insight on General Motors' deal to [00:01:30] avoid federal prosecution. 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. UAW/Unions Frankfurt Motor Show Bentley Chrysler Ferrari Honda Jaguar Lamborghini Mercedes-Benz Porsche Rolls-Royce Tesla Convertible SUV Concept Cars Electric Supercars Autoblog Minute Videos Original Video porsche mission e concept

Ferrari's bid for review of penalty against Vettel is rejected

LE CASTELLET, France — Formula One stewards on Friday dashed Ferrari's hopes of overturning a penalty that denied Sebastian Vettel victory in Canada, ruling that the Italian team had not presented significant and new evidence. Vettel, who finished first in Montreal on June 9 but was demoted to runner-up behind Mercedes' Lewis Hamilton after a five second penalty, told BBC radio he was disappointed with the outcome. Ferrari team boss Mattia Binotto, who had sought a review of the Montreal decision, echoed the sentiment and told reporters the matter was now closed. "As Ferrari we are all very unhappy and disappointed. We are disappointed certainly for Ferrari but for the fans and for our sport," he said. The Italian team believed they had 'overwhelming' proof to trigger a review but the FIA revealed some of that was Sky Sports' television analysis carried out by Indian racer Karun Chandhok. The Indian, who raced in Formula One for now-defunct tail-end teams Hispania and Team Lotus in 2010 and 2011 without scoring a point, was apparently unaware that his opinion formed part of the evidence. "Er... so, can I send you an invoice Ferrari? I mean, lawyers send bills whether you win or lose a case so...!!," he said on Twitter. The stewards decided Chandhok's video was "new but not significant and relevant" and the "personal opinion by a third party." The ruling means that Hamilton, a five-times world champion, has his 29-point lead over teammate Valtteri Bottas confirmed. He's 62 points ahead of Vettel. Mercedes has won all seven races this season, and nine in a row in total, and are favorites to chalk up another in France on Sunday. Ferrari sporting director Laurent Mekies had said earlier that the team believed the evidence to be "quite overwhelming when it comes to establishing that Sebastian did not breach any regulations." The stewards clearly found it underwhelming. They said footage of Vettel's face camera was previously available, as were analysis of telemetry data, camera angles from the car, post-race video images and the German's witness statement. The right of review calls for a team to present significant and relevant new evidence that was not available at the time of the decision. The stewards, whose ruling is final, had sole discretion to determine whether such a new element exists.

The Prancing IPO

Owning a Ferrari is something that a lot of car nuts hope to achieve. If you cringe every time you see some celebrity put massive rims on a 458, or paint an F430 neon purple, then you are the kind of person that appreciates what a Ferrari is. It's not a status symbol that will somehow make everyone love you and think you the most amazing person. Rather it is a medium with which to connect yourself to the history and heritage that exists in Modena. The sights, sounds, and smells of the car are worth more than any "thumbs up" you might get driving down the street. The exclusivity of the brand is one of the mechanisms that helps preserve that absolute care it takes to create a Ferrari. Now I don't own a Ferrari, but I appreciate that the Mr. Enzo Ferrari had a very significant part in molding car culture and motorsports. That tradition was carried on by a lot of people after Enzo himself. During my formative years that person was Luca Di Montezemolo. Every time he stepped in front of the camera in his distinctively Italian suit and shoes, I knew Ferrari was in good hands. Just the attitude he had made me feel safe that this very significant part of car culture was in safe hands. He could be giving an interview in Italian and without understanding a single word (well maybe one word, Ferrari) knew he was going to keep the Ferrari in Ferrari. Enter Sergio Marchionne. Now I am a huge Sergio fan. This guy is not your typical auto exec. His office isn't in the highest part of the tallest tower in Auburn Hills, and he doesn't wear a hand-crafted suit made of million thread count cloth. Not dogging in the man's style (his wardrobe is for sure worth more than mine and most others), but basically he is normal guy that doesn't conform to what might be considered the norm. He is his own man. On top of all that, he is a financial wizard. I was skeptical when he took over the reins at Ferrari only because he seemed to have so much on his plate to begin with. In the end I knew a car-guy, albeit one with a CPA/MBA, was in charge. So now when I heard he wanted to spin off Ferrari, I started trying to guess how long it was going to be before the geniuses of Wall Street started pushing Ferrari to pump volume. I saw a horrible future where there was now some entry-level Ferrari with a turbo-six, and four doors...just so every 30 yr-old analyst could flash their Ferrari key at the bar. Then I started thinking about another thing, the value. What is it worth?