Manvir Sangha

Lamborghini Urus

Photo Credit: Audi AG | Lamborghini

Back in 2012, Lamborghini made the announcement that they would be producing a high-end SUV in addition to their sports car lineup. Now, a production date has been set and the new SUV will be available to purchase in 2018, will cost approximately $200,000, and can clock a top speed of 330 km/h. The final name has not been confirmed yet, but the concept name of the SUV is the Lamborghini Urus. Lamborghini also plans to produce a plug-in hybrid version of the Urus by 2020 and is considering producing a zero-emission version of the SUV as well.

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Auto ISAC

Photo Credit: Automotive ISAC

Fiat Chrysler Automobiles (FCA) announced recently that they will be offering rewards up to $1,500 to ethical hackers who can find data security weaknesses in their vehicles and report them to the company. This news comes exactly one year after a Jeep Cherokee was turned off remotely by two hackers in conjunction with a reporter from Wired.com. You can read that full story here. That hack led to the recall of 1.4 million vehicles by FCA. Since then, automakers across the board have increased efforts to fix potential hacking issues with vehicles equipped with high-speed Internet connections.

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Brexit

Photo Credit: Globalresearch.ca

On June 23rd, 2016, the United Kingdom held a referendum on the country’s continued membership to the European Union (EU). The British people voted in favour of the British exit (Brexit), with 51.9% in favour of an exit and 48.1% in favour of remaining. This decision is projected to make huge waves on the economy and various industries, and the automobile industry is no exception. Shares of various suppliers and dealership groups with ties to the U.K. took a hit immediately following the results of the referendum. Share prices on Fiat Chrysler Automobiles, which has its headquarters in London, dropped on the New York Stock Exchange from $7.19 to $6.31 on the day after the referendum results.

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2016 Tesla Model S

Photo Credit: Green Car Reports

The Tesla Model S electric sedan has had a great first quarter of sales in Canada. 325 Canadians purchased the Model S during the month of March alone, which is now the all-time sales record for plug-in vehicle sales for a single month. March sales made up for a relatively sluggish first two months of the year, where the Model S sold 47 and 88 units in January and February. Altogether, this gives the Model S 460 total units sold in Q1 of 2016, which slightly outpaces the second place Chevy Volt which has 442 units sold in the same time period.

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IIHS Crash Test Results

Photo Credit: IIHS Media Release

Earlier this month, the Insurance Institute for Highway Safety (IIHS) introduced a new crash test that would test the safety of 10 different variants of pickup trucks belonging to major auto dealers Ford, Chevrolet, GMC, Ram, and Toyota. The test works by replicating a situation where the vehicle runs off the road and the front end hits a tree or a pole at 65 km/h. The results of this test could be quite influential considering the intense competition that currently exists in the truck segment. So far in 2016, Ford has sold over 186,000 F-150s. In comparison, Chevy has sold 128,965 Silverados in the first quarter of the year and Fiat-Chrysler has sold 113,367 Rams.

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Automatic Emergency Braking

Photo Credit: Consumerreports.org

On March 21st, Toyota announced at the New York Auto Show that they are going to make automatic emergency braking (AEB) a standard feature on almost all of their Toyota and Lexus models by the end of 2017. 25 out of 30 models total will be equipped with either the Lexus Safety System + or the Toyota Safety System depending on the model. Both systems have AEB as a standard feature. The only models that will not have AEB as a standard by the end of 2017 will be the Lexus GX, the Toyota Mirai, 4Runner, and 86, and the Scion iA.

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Tesla Model X

Photo Credit: Jeremy C. Owens/MarketWatch

The price of Tesla Motors Inc. shares dropped to the lowest point in the last two years in February. The share price dropped 9 percent to $147.99 on February 8th and hit a low of $143.67 on February 10th, which is the lowest that it has been since January 2014. The drop in the price is due to two main concerns: cheap gasoline in the United States and questions over whether Tesla can meet their production schedule for 2016.

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BMW, Mercedes-Benz, and Audi Logos

Photo Credit: The Globe And Mail

The battle for the top luxury brand in 2015 between the three luxury vehicle brand juggernauts BMW, Mercedes-Benz, and Audi ended with BMW inching out the other two brands for the top spot in total sales. BMW is no stranger to this success, having held the top spot in sales among luxury brands every year dating back to 2005.

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Volkswagen Das Auto

Photo Credit: Autoblog.com

Volkswagen is in the process of a full image rebuild after the emissions scandal of late 2015. One of the casualties of the image rebuilding process is the “Das Auto” slogan that was used by the German automaker in their global advertising campaigns since 2007. The slogan translates to “The Car” in English.

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Genesis Motors

Photo Credit: Autoblog.com

On November 4, 2015, Hyundai made an announcement that confirmed their intention to create a separate, stand-alone luxury brand. The South Korean automaker had been flirting with the luxury vehicle market for a few years with the introduction of the Genesis and the Equus. Now, Hyundai has decided to hit the luxury market at full throttle with the creation of their new luxury vehicle division called Genesis Motors. The new Genesis brand will be similar to the Lexus and Acura brands that are offered by Toyota and Honda.

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