Car culture is definitely changing, but can it change in a relatively short amount of time? Bob Lutz thinks so. As one of the top executives at General Motors, Lutz championed for the creation of the Pontiac GTO and G8, the return of the Camaro, and the introduction of the Cadillac SRX. Lutz is a gearhead but also a cunning businessman who has a knack for seeing trends and predicting the future of cars. In 2008, for instance, he said that the electrification of the automobile was inevitable. By 2010 he had successfully guided the Chevy Volt into existence, and today, the future of EVs is, indeed, inevitable. Just wait ’till you hear what he’s saying now. In an article published at Automotive News, Lutz wrote,
Even scarier, Lutz predicts that this will happen within 15 to 20 years and that people will have about five years of warning to get their cars off the road or “sell it for scrap.” That’s not a very rosy outlook if you enjoy the thrill of driving or the pride of car ownership. Frankly, though, it seems a little outrageous. There are 253 million cars in the United States, and it isn’t feasible to scrap them all in the next two decades. That’s not to mention the heavy financial investment folks have in their cars and the personal attachment Americans have made with them. I don’t want to believe it, but maybe we shouldn’t bet against the great Bob Lutz. Do you want a future of transportation modules, instead of cars, as former Vice Chairman of General Motors Bob Lutz has predicted? -tgriffith Find Certified Pre-Owned Cars and Used Cars in your area at CarGurus. Used Pontiac GTO Shopping for a new vehicle? Bob Lutz: The Automotive Era Is Ending posted first on http://www.cargurus.com/blog/ via Blogger Bob Lutz: The Automotive Era Is Ending
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Source: @DealerGlassofAZ November 10, 2017 at 03:15PM More info Dealer Auto Glass AZ via Blogger DealerGlassofAZ #DAGAZ Auto glass chip repair event! ... https://t.co/Hl9Lfk4hBI ... https://t.co/MuSbTXGT3F When Tesla started selling cars, CEO Elon Musk probably didn’t think his little company would eventually cause Porsche to completely restructure itself. But it’s starting to happen. As demand for Tesla cars continues to grow, other automakers are wondering how they can grab a piece of the action and divert some of the dollars from that demand into their own bank accounts. Porsche is discovering just how expensive that effort will be. The electric luxury market is exceptionally small right now, and Tesla has a firm hold on what little market share exists. CNBC, citing data from Moody’s, suggests that the Tesla S and X models account for 45 percent of EV sales in the U.S. Most automakers see the segment growing, though, and want to make sure they’re not left behind. But the investment required to catch up to Tesla is staggering. Porsche’s CFO Lutz Meschke recently spoke with Automotive News Europe about the company’s plan to stay profitable as it invests billions into its electric vehicle program. Specifically, Porsche will be dropping some $3.5 billion into the development of EVs and plug-ins while continuing its dedication to gas and diesel propulsion. To afford it all, the automaker will implement company-wide cost-cutting measures to retain its profit margin of 15 percent. Meschke said,
It sure is a burden, and we have to wonder if it’s an investment that wouldn’t have happened without Tesla’s entry into the auto world. Porsche’s answer to Tesla is called the Mission E, a large premium 4-door sedan that will be competing in the same segment as Tesla’s Model S. In fact, Porsche is even aiming for a sub-$100,000 price, maybe even as low as $86,000, which will put it within shouting distance of the Model S. If early reports hold true, we can expect a driving range of about 250-300 miles and a 0-60 time of about 3.5 seconds. Electrek noted that Porsche has been spotted benchmarking the Mission E against the Model S, so it wouldn’t surprise anyone if the specs are significantly better by the time the car debuts in 2019. Would you buy an electric Porsche instead of a Tesla? -tgriffith Find Certified Pre-Owned Cars and Used Cars in your area at CarGurus. Shopping for a new vehicle? Tesla Becomes an “Enormous Burden” on Porsche posted first on http://www.cargurus.com/blog/ via Blogger Tesla Becomes an “Enormous Burden” on Porsche
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