3 Stories Hitting Automotive Industry Headlines
Overall, it’s been a pretty low-key week for automotive news. There haven’t been any really high-profile introductions, no major shifts or shakes — all things considered, it’s been business as usual for the most part as automakers gear up for the Paris Motor Show early next month.
However, there have been a couple of notable stories of late that auto news followers and casual observers might want to be aware of. Cadillac’s new large sedan is on the way, Fiat and Mitsubishi have a small truck on the menu, and Ford is seeing slowing demand in Europe.
We’ve taken these stories and boiled them down to make them easily digestible. The original articles are linked, in case you want to read more.
1. Cadillac’s New Flagship
Cadillac has confirmed to the world that it will be building a leading car slotted above the XTS, and it could be — read: will hopefully be — based on the Elmiraj concept pictured above. We don’t yet know its name, but we do know that it will go into production in the fourth quarter of 2015 at GM’s Detroit-Hamtramck assembly plant. The car would be a top-end offering to compete with the likes of the BMW 7 Series, Audi A8, and Mercedes S Class.
As such, General Motors promises that the vehicle will be heavily technology laden, and “in addition to new technology in the car itself, we are instituting innovative manufacturing techniques to assemble it with the precision deserving of a luxury make,” Cadillac’s new president, Johan de Nysschen, said in a statement. The equipment is reportedly already in place, and given the company’s timeline, it wouldn’t be surprising to see the car take a bow at next year’s Detroit Auto Show in January.
2. Fiat’s Marriage with Mitsubishi
Fiat Chrysler reported earlier this year that it was considering a renewed partnership with Mitsubishi for a smaller pickup truck, and on Friday, that became a reality. The two companies drafted a “non-binding Memorandum of Understanding (MoU) concerning the possibility to develop and manufacture a mid-size pick-up truck, supplied by Mitsubishi and based on the next generation of L200,” Auto Scoops reported. Picutred above is a 2006 Mitsubishi Raider, which saw some action in the States.
There’s no word on whether the truck will make it to the U.S., as Fiat Chrysler’s five-year plan indicates a new model for the European and South American markets. However, if the new smaller trucks from GM prove to be successful, Fiat may want to consider using its newly acquired North American network and cast a net for smaller truck buyers.
3. Ford Cuts Fiesta Production in Europe
Despite returning to profitability in the region earlier than expected and packing on some tidy gains for market share, Ford will be cutting back its production of the popular Fiesta compact at its facility in Cologne, Germany, due to a downturn in demand. As a result, the Fiesta production will go offline for 11 days in October and November to allow demand to catch up to supply.
JATO Dynamics data cited by Auto News indicated that Fiesta sales totaled 190,816 in the first seven months of this year, up from 175,433 in the same period the year before. It’s Ford’s best-selling model in Europe and is Europe’s second best-selling model, after the Volkswagen Golf.