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Autoblog Minute: VW Q3 financial woes, 2015 Tokyo Motor Show

Consumer Reports pulls its Tesla recommendation, the U.S. Copyright Office offers a ruling affecting car owners, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] Consumer Reports pulls its Tesla recommendation, the U.S. copyright office offers a ruling that affects car owners and gear heads, VW gets hit hard with third-quarter losses, and lots of exciting news from Tokyo. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. After a week away testing vehicles for Autoblog's Tech of the Year award, we're back in the office to recap the week in automotive news. [00:00:30] One of the things you might have missed was Consumer Reports pulling its recommendation of Tesla's Model S sedan. The blemish for Tesla comes after a tally of reviews from customer surveys. The most common problem areas for the Model S as cited by survey takers included: the drivetrain, power equipment, charging equipment, body and sunroof squeaks, rattles, and leaks. So lots of stuff. Though they could not ignore a score of "worse-than-average", Consumer Reports still [00:01:00] highlighted the fact that the Model S was "the best performing car" they've ever tested. Telsa CEO Elon Musk took to social media to defend his sedans saying: "Consumer Reports reliability survey includes a lot of early production cars. Already addressed in new cars." And, "Tesla gets top rating of any company in service. Most important, CR says 97% of owners expect their next car to be a Tesla (the acid test)." In Financial news, Volkswagen took a hit and reported an operating loss of [00:01:30] $3.84 billion. This is the first such loss for VW in 15 years. Toyota reclaimed the crown as the world's largest automaker as well. It's important that it's not all doom and gloom for VW though in Q3. Sales revenues were up and the company's automotive division boasts $30 billion dollars in liquid assets. It's a sizable war chest that will no doubt come in handy, as the company has yet to feel the full brunt of the diesel emissions scandal. Good news for gear heads. The US copyright office [00:02:00] ruled in favor of mechanics and car owners by granting an exception to existing copyright law. The law was originally meant to prevent software pirating and bootlegging of Hollywood movies.

Mazda names new North American chief

Mazda has announced today the appointment of a new president and CEO of its North American operations. Jim O'Sullivan, who has been running the office for 13 years, is now leaving the company. In his place the head office has appointed veteran manager Masahiro Moro, and as you can see, he could not be more thrilled with the appointment. A 55-year-old native of Kyoto, Moro has been with Mazda since 1983. One of the company's managing executive officers, Moro currently heads up its global sales and marketing division. He also previously served as vice president of marketing and of product planning for Mazda Motor Europe, and as director of the company's Australian operations. He'll now be relocating with his wife and family to Southern California to take over the North American division based out of Irvine, effective January 1. His predecessor Jim O'Sullivan has held the office since 2003, also ranked as one of the Japanese automaker's managing executive officers. The Detroit native previously worked at Ford, where he started his career in 1976. "I have been very lucky that the car business has afforded me so many incredible experiences, and taught me so much. However, now is the right time for me to retire from Mazda," said the 40-year industry veteran of his departure from the company in the statement below. "I don't know how the next chapter in my life will read, but it's time for me to spend time with my wonderful wife, my children and my grandchildren. I've travelled the world for nearly 40 years, who knows what the future holds?" Related Video: Masahiro Moro Named President, Mazda North American Operations - Jim O'Sullivan, Current President, to Retire after 13 Years Leading the Company - IRVINE, Calif., Dec. 21, 2015 /PRNewswire/ -- Mazda North American Operations (MNAO) today announced the appointment of Masahiro Moro to the position of President and CEO, MNAO. Moro, a Managing Executive Officer of Mazda Motor Corporation, will take over from Jim O'Sullivan, the company's long-serving outgoing president, who will be retiring from the company. The changes were announced today to company employees, and will be effective January 1, 2016. O'Sullivan joined MNAO as President and CEO in 2003, and also held the title of Managing Executive Officer of Mazda Motor Corporation.

Mazda announces mild-hybrid variant of MX-30 crossover in Japan

Mazda hinted its first series-produced electric car, the MX-30 introduced in late 2019, might not be sold in the United States. We could see it on our shores with another powertrain under its coupe-like sheetmetal, however. The company announced a mild-hybrid variant of the crossover during a press conference held in Japan. Technical details about the gasoline-electric MX-30 are hazy, but Mazda said it's powered by the same basic mild-hybrid system available in the Mazda3 and the CX-30. That means the drivetrain is built around a 2.0-liter four-cylinder engine and a small electric motor that captures the kinetic energy generated while braking. It uses this electricity to power the car's electronics, and it injects it into the driveline to deliver bursts of extra power. Fuel economy and performance figures haven't been released yet. We expect the mild-hybrid model will be quicker than the heavier electric version, and its driving range will be appreciably greater. The electric model is equipped with a relatively small, 35.5-kilowatt-hour lithium-ion battery pack that delivers a 124-mile range. Mazda explained using a smaller pack yields total CO2 emissions on par with a turbodiesel-powered Mazda3. The biggest visual difference between the two variants is an e-Skyactiv-G emblem on the hatch. Both model wear the same sporty design characterized by a steeply-raked roof line and a set of rear-hinged half doors reminiscent of the rotary-powered RX-8. It's the same story inside, where the hybrid and the EV are all but identical. Significantly, the hybrid MX-30 is expected to cost less than the electric model, which carries a base price of ˆ33,490 (about $40,000) in Germany. All told, it's better positioned than the EV to stick the landing if it's sent to the United States. Mazda hasn't yet published a list of the countries where it will sell the hybrid MX-30. Autoblog asked the company for additional details, and received word back that the company hasn't yet "made any announcements on MX-30 for the U.S. market." Related Video:     Featured Gallery 2021 Mazda MX-30 e-Skyactiv-G Green Mazda Crossover Electric Hybrid