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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 announces live-streaming vehicle intro on Xbox

In April, Mazda introduced a marketing campaign titled "Game Changers" to showcase how certain people have made significant impacts in their respective sports, and now it's the Japanese automaker that is changing the game by creating an innovative way to launch a new product. Mazda is teaming up with Xbox to offer a first-of-its-kind live-streaming global debut of a new product. Mazda didn't say which model will be debuted, but our guess is that it will be the next-generation Mazda3.
The actual reveal will take place at 9 pm on June 26 during a live concert from the band Metric in New York City, but there will be other live events preceding the concert in Melbourne, St. Petersburg, Istanbul and London. Mazda will be promoting the event on social media using the hashtag #GameChanger, and there is also a contest on Xbox where one winner will receive $2,500 to attend a music event of their choice. Scroll down for the full details of the contest and vehicle debut event.

Fiat 124 caught entirely undisguised

Dear automakers, please continue making these kind of mistakes. Thanks to what we're guessing is some lax security, the all-new, Mazda MX-5 Miata-based Fiat 124 was spotted taking part in a photo shoot near Santa Barbara, CA. The images show what we'd consider a fairly simple rebadging job. The 124 gets new front and rear clips that not only harken back to the original 124 (not to mention other Fiat roadsters, like the Barchetta), but also serves to distance this droptop from the rest of the company's US range. The similarities between the 124 and the car it's based on are even more obvious in the cabin. This is an MX-5 interior with Fiat's big, red badge on the tiller. That means the same quality materials and knob-dial infotainment system that have been so well received in the Miata. It's under the hood, though, where the Fiat really differs from its Japanese cousin. According to our spy, the vehicle shown here features some kind of two-pedal setup – probably the six-speed Euro twin-clutch used in the 500L and Dodge Dart. Don't worry, though, a six-speed stick will also be on offer. Regardless of transmission, we can expect a 180-horsepower version of the 1.4-liter, turbocharged, four-cylinder offered in the 500 Abarth. And if that's not enough good news, a dedicated Abarth model will likely arrive after launch, which our spies claim will use the 1.75-liter turbo and DCT from the Alfa Romeo 4C. While this represents a good look at the new 124, we'll probably be waiting until the LA Auto Show in November for the official look. Stay tuned.