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Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.

Audi's lunar rover is nearly ready for the moon

Last year, Audi announced it was working on a lunar rover with a group called the Part-Time Scientists. Now the company says the design of its Lunar Quattro is complete, and all that's left is final testing before it's ready to head for the moon. Since Audi and its 16 engineers became involved with the project, the rover has actually increased in size, as have its tires. The company says this is for added stability. Despite the added size, the rover is now lighter, bringing it down from 38 to 30 kilograms (what we'd call 66 pounds). Otherwise, the rover is generally the same as it was last year. All four wheels are still powered by electricity, so Audi touts it as being both a Quattro and an E-tron vehicle. Cute. The rover will undergo final testing in the Middle East where it will run through simulations of the mission. For those unfamiliar, the mission parameters were set by Google for the Google Lunar XPRIZE. The prize is worth $30 million and will go to the first team to land a privately funded lander and rover on the moon, drive the rover 500 meters, and send back photos. If the mission is successful, we should get some great 3D and 360-degree shots of the lunar rover left behind by the Apollo 17 mission in 1972, since the proposed landing site is nearby. The Part-Time Scientists team that Audi partnered with has also booked a launch for its ALINA lunar lander, which will carry a pair of the Lunar Quattro rovers to the moon's surface. The launch was scheduled with Spaceflight Industries and is set for the end of 2017. Spaceflight Industries has managed 11 rocket launches with different companies and rockets between 2013 and 2015, and will also launch a probe from Israeli XPRIZE competitor SpaceIL sometime next year on a SpaceX Falcon 9 rocket. Related Video:

Alpha 10 Audi R8 by AMS Beauty-Roll

For those of you paying attention, we've really ramped up the old Autoblog video game these days. Our new series Car Club USA joins Translogic and The List, and there are more Daily Drivers and Short Cuts than ever. But sometimes, all you care about is the car. The Autoblog Beauty-Roll video series has one goal: bring you glossy video images of cars, and nothing but. We're collecting moving pictures of all the cars we test, inside and out. Each episode comes with a hit of engine sound – start-up and with a few revs – to round out the package. Set your resolution to max, kick it into full-screen, turn up the sound, and enjoy today's subject, the Alpha 10 Audi R8 by AMS. Oh, and if you'd like more Beauty-Roll, click here to see the back catalog.