$357k Msrp 2,700 Miles V12 Cameras Lift Shields Daytonas Carbon Fiber Warranty on 2040-cars

Auto blog

EV cost burden pushing automakers to their limits, says Stellantis' CEO Tavares

DETROIT — Stellantis CEO Carlos Tavares said external pressure on automakers to quickly shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle with EVs' higher costs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are "beyond the limits" of what the auto industry can sustain, Tavares said in an interview at the Reuters Next conference released Wednesday. "What has been decided is to impose on the automotive industry electrification that brings 50% additional costs against a conventional vehicle," he said. "There is no way we can transfer 50% of additional costs to the final consumer because most parts of the middle class will not be able to pay." Automakers could charge higher prices and sell fewer cars, or accept lower profit margins, Tavares said. Those paths both lead to cutbacks. Union leaders in Europe and North America have warned tens of thousands of jobs could be lost. Automakers need time for testing and ensuring that new technology will work, Tavares said. Pushing to speed that process up "is just going to be counter productive. It will lead to quality problems. It will lead to all sorts of problems," he said. Tavares said Stellantis is aiming to avoid cuts by boosting productivity at a pace far faster than industry norm. "Over the next five years we have to digest 10% productivity a year ... in an industry which is used to delivering 2 to 3% productivity" improvement, he said. "The future will tell us who is going to be able to digest this, and who will fail," Tavares said. "We are putting the industry on the limits." Electric vehicle costs are expected to fall, and analysts project that battery electric vehicles and combustion vehicles could reach cost parity during the second half of this decade. Like other automakers that earn profits from combustion vehicles, Stellantis is under pressure from both establishment automakers such as GM, Ford, VW and Hyundai, as well as start-ups such as Tesla and Rivian. The latter electric vehicle companies are far smaller in terms of vehicle sales and employment. But investors have given Tesla and Rivian higher market valuations than the owner of the highly profitable Jeep and Ram brands. That investor pressure is compounded by government policies aimed at cutting greenhouse gas emissions. The European Union, California and other jurisdictions have set goals to end sales of combustion vehicles by 2035.

Museo Ferrari launches 'Michael 50' exhibit honoring Schumacher

Michael Schumacher turned 50 years old on Thursday, January 3, 2019. To celebrate the racing legend and to show appreciation for all he has done for the brand, Museo Ferrari opened an exhibition that explores his impact and accomplishments throughout his personal life and racing career. Named " Michael 50," the exhibit is now open in Maranello. This is the third showcase to open in recent months, following the announcement of "Driven by Enzo" and "Passion and Legend," which opened in September 2018 to honor the 120th anniversary of the founder of Ferrari. The Prancing Horse company calls Schumacher "The Most Successful Ferrarista in History," and the exhibition focuses on his many victories. The driver raced his way to seven world titles, 91 first-place finishes, and 155 podiums. Ferrari is displaying many of the cars Schumacher raced in, including the 1996 F310, the 1999 F399, the F1-2000, F2002, F2004, and the 2006 248 F1. In addition to race cars, the display also highlights some of the road cars that Schumacher worked on as a developer after he left Formula One. Using his knowledge and experience, he helped shape the dynamics of the 2007 430 Scuderia and the 2008 California. "Michael 50" was created with the help of the Keep Fighting Foundation, which recently launched an app that has a virtual museum and celebrates Michael and his legacy. According to a recent report, Schumacher is currently "in the very best of hands" and continues to battle back from his injuries. Ferrari did not give a specific time period for the exhibition, but mentioned it will be open for a "few months." Fans can buy tickets here.Related Video:

Ferrari 812 GTS is the droptop 812 Superfast we only dreamed of before

Ferrari just officially revealed the convertible version of the 812 Superfast, and it’s called the 812 GTS. Not Spider, or Aperta or anything in between, just GTS. Frankly, itÂ’s likely going to be even more enjoyable than the regular 812 Superfast on account of its open-air configuration. Ferrari alluded to the sound being downright glorious on a couple of occasions already. “The result is a full-bodied V12 sound in the cabin in all kinds of driving but which is particularly appreciable when the roof is open,” Ferrari says. “The electric rear screen, which acts as a wind-stop, makes the car truly usable with the top down, while, with the top up, it [the rear screen] can be left open to allow occupants to continue to luxuriate in the naturally-aspirated V12Â’s unique soundtrack.” Yeah, we sure would love to “luxuriate” in the noises that 6.5-liter V12 is making. Power isnÂ’t changed between the GTS and Superfast, so itÂ’s still making the same 789 horsepower and 530 pound-feet of torque. The 8,900 rpm redline is the real draw here, and we canÂ’t even begin to imagine how epic it sounds with the top down. Ferrari claims this amount of power makes the GTS the “most powerful production spider on the market.” Fantastico. As you stare at the car, itÂ’s pretty easy to tell what Ferrari did to turn this into a “convertible.” The roof is a power-operated hardtop, and there isnÂ’t a whole lot to it. That big panel behind your head with the twin flying buttresses opens up to allow the roof to sit under it all, leaving passengers with a relatively small opening above their heads. Still, thatÂ’s plenty of opening to let the wind mess up your hair and the exhaust note to more easily reach your ears. Ferrari says it had to redesign the rear of the car to make this work. From the windshield forward, itÂ’s basically an 812 Superfast, though. The buttresses set it apart from the Superfast the most, as the coupe just has a long, sloping glass rear. Ferrari also changed the rear diffuser design in order to compensate for the loss of downforce from the elimination of the rear wheel arch bypass duct.  The last major mechanical change Ferrari made for the GTS comes via the seven-speed dual-clutch transmission in the form of shorter ratios. What does all this mean for the performance? The 812 GTS will get to 62 mph in under 3 seconds and all the way to 124 mph in only 8.3 seconds. Its top speed is also exactly the same as the Superfast at 211 mph.