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Skoda plans big investment into electric cars as part of rebound effort

PRAGUE — Czech carmaker Skoda, part of the Volkswagen Group, said on Wednesday it would invest around 2.5 billion euros over the next five years on future technologies, with more than half going to electric vehicle investment. The Czech Republic's largest exporter is hoping for a rebound in 2021 from a global car sales drop but faces uncertainty over the coronavirus pandemic and a semiconductor shortage rattling the industry. "This year is likely to be another big challenge," finance director Klaus-Dieter Schuermann said. "We expect Skoda Auto's group performance to improve, with sales revenue significantly above the level of last year." Skoda reported on Wednesday a 54.5% drop in 2020 operating to 756 million euros ($894 million). Sales revenue dropped 13.8% to 17.1 billion euros. Global deliveries remained above 1 million cars for a seventh straight year despite a 19% drop after production outages at the outset of the pandemic and a fall in China, its biggest single market. Chief Executive Thomas Shaefer said the car company was managing the semiconductor shortage "but it will follow us for awhile" and the impact was not visible yet. Skoda's core market in Europe would be electric in the future, Shaefer said, although it was still not time to completely switch away from traditional models, which include the launch last year of a new generation of its flagship Octavia model. It has also started production of the all-electric Enyaq iV model, which is a version of Volkswagen's ID.4. Skoda plans investments of 1.4 billion euros into electromobility development as part of its five-year investment plan. Investments will also go into digitalization activities and plant modernization. Related video: Green Volkswagen Skoda Electric

2019 Hyundai Veloster N vs. hot hatch rivals: How they compare on paper

The highly anticipated top-rung of the Veloster line, the 2019 Hyundai Veloster N, is on the verge of hitting dealers. And the company has finally dropped all the specifications, and perhaps most importantly, the car's official pricing that starts at $27,785. So you know what that means: it's time to see how it stacks up to the competition. The Veloster N falls into an interesting niche in the hot hatch world. It's the most potent of its model line, but it's not as powerful as vehicles such as the Civic Type R, Focus RS and Golf R. But it also doesn't have the price of those cars. As such, we decided to compare it with other sub-$30,000 sport compacts. We examined each car's power, fuel economy, size and pricing. You can see all the vital statistics in the chart below, as well as additional photos and analysis after that. As always, specifications only tell so much, so be sure to check out our detailed reviews of these cars. Also be sure to check out our comparison tool if you want to compare these with other models. Engines, transmissions and performance Three of these cars are impressively close in output, and one is, well, not. The Veloster N Performance Pack is the clear horsepower champion with 275 ponies. Second place for power is almost tied, with the Focus ST's 252 horses edging out the standard Veloster N's 250. The Focus ST also boasts the most torque at 270 pound-feet. The GTI nearly matches both Velosters with its 258 pound-feet, but its 228 horsepower is far behind the Korean and American entries. The Civic Si lags far behind with just 205 horsepower and 192 pound-feet of torque from the only 1.5-liter engine here. The rest use 2.0-liter engines. 2019 Hyundai Veloster N View 47 Photos Every vehicle here sends its power to the front wheels, and three of the four do so exclusively with 6-speed manual transmissions. That means that if you don't want to work a clutch, your only option is the VW GTI. It offers a 7-speed dual-clutch transmission, which, like all VW Group dual-clutch units, is really smooth and fast. While the Civic Si is at the back of the pack in terms of power, it does make up for it somewhat with excellent fuel economy. It's capable of hitting 38 mpg on the highway, and city mileage is rated at a solid 28 mpg. The Veloster N is at the back of the pack here, with its highway mileage the same as the Civic's city economy. Its city fuel economy is just 22 mpg.

10 of 18 midsize SUVs earn 'good' IIHS side impact safety rating

It's not terribly surprising that midsize SUVs earned better safety ratings than small SUVs in the latest side-impact tests performed by the Insurance Institute for Highway Safety (IIHS). Just how much better they scored, on the other hand, certainly raises an eyebrow. Ten out of 18 midsize SUVs earned the highest rating of 'good' in the stringent new test, altered for vehicles starting with the 2020 model year with a heavier barrier (4,200 pounds) that moves at a higher speed (37 miles per hour) and is fitted with a hard honeycomb frontal structure. By way of contrast, just one out of of 20 small SUVs earned a 'good' score.  SUVs that receiving 'good' scores were the Ford Explorer, Infiniti QX60, Lincoln Aviator, Mazda CX-9, Nissan Pathfinder, Subaru Ascent, Toyota Highlander, Volkswagen Atlas, Volkswagen Atlas Cross Sport and Volkswagen ID.4. For EV fans, it's worth noting the ID.4 was the only electric vehicle included in the test. The Buick Enclave and Chevrolet Traverse scraped away with 'acceptable' ratings while the Honda Passport, Honda Pilot, Hyundai Palisade, Jeep Wrangler 4-door, Kia Telluride and Nissan Murano were deemed merely 'marginal' in the tough new test. Only two models — the Mazda CX-9 and Volkswagen ID.4 — earned a "Good" rating in every test category.  Interestingly, the Jeep Wrangler would have scored a 'good' rating if it were equipped with side airbags for the rear seating positions. It would likely be an engineering challenge to equip its removable top and/or doors with airbags, but the lack of that safety feature allowed the head of the rear passenger dummy to hit the vertical support of the top. Otherwise, the Wrangler scored good ratings across the board. The new Ford Bronco, which makes more allowances for side-impact safety, has not yet been tested.  The popular Hyundai Palisade and Kia Telluride SUVs stand out in the test with 'poor' ratings for driver pelvis injuries. The Nissan Murano, a vehicle last redesigned for the 2015 model year, was the only vehicle tested that received a 'poor' rating for its structure and safety cage. Videos of the tests of 12 of these 18 SUVs can be found on the IIHS' YouTube page. Related video: Green Buick Chevrolet Ford Honda Hyundai Infiniti Jeep Kia Mazda Nissan Subaru Toyota Volkswagen Safety Crossover SUV IIHS Insurance Institute for Highway Safety