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Morgan Stanley predicts radical auto industry consolidation

A lack of technological foresight and changing economic conditions may bring dramatic consolidation to the auto industry in the next 15 to 20 years. Industry analyst Adam Jonas at Morgan Stanley believes that the number of major automakers could go from around 30 today to as few as 6 in that time. However, a catastrophe is avoidable.
Jonas' argument is that the world has more automakers than it can sustain. He contends that too many of them are more focused on next year's models than attempting to adapt to technological change. Without looking forward, they won't survive.
Tesla might be the lighthouse leading automakers away from the rocks. While still quite small, it has disrupted the status quo and shown that there's more than one way to prepare for new innovations. "With proper execution, Detroit may thank Tesla Motors for being that stiff board in the back of the head right when they needed it," said Jonas to The Detroit News.

Panasonic not sure about Tesla Gigafactory commitment; Texas dealers wary, too

Just about the entire US southwest is ready to jump into the financial bed with Tesla Motors as the electric-vehicle maker looks for a place to put its massive "gigafactory." But lithium-ion battery maker Panasonic? Not so much, says Bloomberg News. Panasonic President Kazuhiro Tsuga spoke to a group of reporters in Tokyo and said he strategically understood the need for Tesla to go large-scale with its factory production, especially as it prepares to debut an SUV as well as a model that will be priced at about half of what a Model S costs. But, he added cautiously, there will be significant risk involved in the investment and his company hasn't committed to its involvement just yet. Texas dealers are already sounding the alarm against changing franchise laws to woo the battery plant. Panasonic or not, Tesla is taking the "go big or go home" approach to a factory that it says will cost about $5 billion ($2 billion already committed from Tesla itself) and may support 6,500 jobs. That latter point has states such as Arizona, Nevada, New Mexico and Texas tripping over themselves to figure out the financial incentives necessary to be the further production base for California-based Tesla. Texas auto dealers are already sounding the alarm against changing the state's franchise laws to woo the automaker's battery plant. An open letter sent by the Texas Automobile Dealers Association says it does not believe, "that economic development efforts to bring any business to Texas should in any way be connected to changing established laws in Texas for the singular benefit of any one company. ... We believe this sets a bad precedent for future economic development efforts by linking them to special interest changes in law." Last fall, Tesla expanded its battery-production agreement with Panasonic, saying at the time that Panasonic would provide almost 2 million automotive-grade battery cells for the Model S and Model X during the next four years.

'King of Lemon Laws' Vince Megna files suit against Tesla Motors

Tesla Motors is already busy in the courts, filing a suit in New Jersey last week to appeal the direct-sales ban of its automobiles in that state. But now it's going to have to deal with the self-described "King of Lemon Laws," Vince Megna, in Wisconsin. Now that we think about it, this showdown was quite inevitable. In a video that is obviously part one of who knows how many (view it below), Menga sets up his argument against Tesla because the Model S of a client won't start. Then, he picks up a cardboard George Clooney hitchhiker and goes off to file suit in Milwaukee County Courthouse with an assistant with duct tape on her mouth and "WTF" on her shirt. Subtle, Megna is not. If that cardboard celebrity bit seems familiar to you, then perhaps you're thinking about the Justin Bieber standup that Megna used in his lemon lawsuit over the Fisker Karma. In fact, Megna is famous in the auto industry for fighting against automakers that he says make shoddy products. In this case, he claims Tesla sold a faulty Model S to a doctor in Franklin, WI. This doctor, Robert Montgomery, got his 2013 Signature Performance Model S in March 2013, and the car has been in the shop for more than 30 days since then. He has asked for his money back, but the automaker has apparently not responded. The nearest shop is in Chicago, so the car gets to ride in a flatbed back and forth, as you can see in the video below. Plus, of course, Megna's one-sided conversation with a fake George Clooney. Tesla told AutoblogGreen it does not comment on pending litigation. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.