Aston Martin’s DBX SUV a Huge Success

Aston Martin recently reported a massive 224% sales increase to its dealerships. These sales numbers were largely due to their first SUV, the DBX.

The DBX SUV, which has only been available for about a year, accounted for more than half of Aston Martin’s sale of 2,901 vehicles between January and June.

Aston Martin stated that with the success of their first SUV, the DBX, they have delivered two other new vehicles will help position the company for continued growth.

The DBX went into production in July 2020 has widened the appeal of the company in one of the most lucrative segments of the auto market, SUVs, and has been profitable for Aston Martin’s rivals.

In the first half of 2020 Aston Martins losses were at about 315 million dollars and fell to just $126 million by the end of 2020.

 

Ford May Ship Chip-less Vehicles to Dealerships to Be Finished Later

As a fix to the global chip shortage Ford Motor Co is considering shipping unchipped vehicles to dealerships to finish as chips become available. While the vehicles would be un-driveable to consumers, the vehicles would help fill dealership lots which are becoming more and more baren by the day.

When the chips on back-order become available dealership techs would insert the components in the vehicles, some of which might even be pre-sold and then immediately sent to the homes of consumers.

Ford spokesperson Said Deep stated that Ford is still investigating if dealerships are interested  and noting is for certain yet.

Shipping won’t happen right away. If Ford goes forward shipping could happen by the end of the year.

Dealership technicians already possesses the skill set and tools to do the work as it is very much like recall orders and repairs they deal with all the time. The logistics are all in place, Ford and its dealerships just have to make the decision to move forward.

For would hold vehicle titles until the vehicle is 100% complete and drivable for a buyer. This doesn’t allow Ford to record the sales any sooner than normal.

 

SAIC States Chip Shortage Will End After 3rd Quarter

The Shanghai Automotive Industry Corporation has stated that they expect the semiconductor crisis in the global auto industry that they expect the situation to be alleviated by the 3rd quarter.

SAIC Chairman Chen Hong made the statement during the annual shareholders general meeting. He stated specific that the chip shortage can be ended by late July. While OEM manufacturers struggled to produce in June, according to SAIC, things will be back to normal in the 3rd quarter.

Chen, when pursued further, said that the chip shortage would not affect the company’s annual target of selling 6.8 million vehicles.

Company president Wang Xiaoqiu state the lack of chips has had a great impact on the company. Though he also noted that SAIC’s total performance had not been affected.

Chen Hong noted that the shortage of chips had changed the relationship between OEM’s and chip makers. While previously OEM’s didn’t work directly with the chip makers, they now do. And with the increase in smart vehicles, SAIC is trying to increase its supply chain.

 

Porsche Recalls 43,000 Taycan EVs Over Software Issue

Porsche, well known luxury sports car maker, recalled 43,000 electric Taycan cars when they found a glitch in the software that can cause the electric engine to suddenly shut down.

The recall is out for all Taycan vehicles produced and delivered by June according to Porsche. Porsche is offering a free software update to fix the issue.

The Taycan was launched just last year.

Porsche told the press that while there are no known accidents associated with the software issue, it had been observed in 130 Taycan vehicles.

The Taycan is a low riding, four-door, sports car. It has a 280 mile range. It is Porsche attempt to attract high-end customers into their EV market.

Porsche noted that an over-the-air software update would not be possible for the Taycan and that owners should expect a one-hour visit to fix the issue.

General Motors Invests in Lithium to Supply EV Production

General Motors has invested in a U.S. lithium plan to might become the country’s largest. This would also make GM the first automaker to create its own source for a resource critical for batteries and the electric vehicle industry.

The deal comes at a time as automakers worldwide race for access to lithium and other important EV materials.

GM said it’ll make an investment in the multimillions to help develop the Controlled Thermal Resources ltd’s Hell’s Kitchen geothermal brine project which is near California’s Salton Sea southeast of LA.

GM stated that this will potentially supply the automaker with a large amount of the lithium they need. The company declined to mention a specific investment amount. As travel restrictions ease GM’s scientists and engineers will visit the site.

While Great Wall Motor Co and BYD (both Chinese automakers) have previously made a similar move to invest in lithium producers, GM is taking it more than just one step further. Other automakers may make similar investments as lithium demand is suspected to increase by 20% over the next four years.