Inside the Industry

Detroit Children's Fund to get $3 million from auction of Corvette VIN #0001

(January 21, 2020) SCOTTSDALE, Ariz. — The Detroit Children’s Fund, a nonprofit focused on high-potential investments to provide Detroit school children the opportunity to receive an excellent education, will be able to invest an additional $3 million in their mission thanks to the auction of the first 2020 Chevrolet Corvette Stingray.

The history-making VIN #0001 of the first mid-engine Corvette — a 3LT with the Z51 performance package — crossed the block at the 49th Annual Barrett-Jackson Scottsdale Auction just weeks before the Corvette begins shipping to Chevrolet dealers.

Volvo to give away $1 million in cars for a safety in the Super Bowl

(January 21, 2020) ROCKLEIGH, N.J. — To celebrate more than one million lives saved by Volvo safety innovations, Volvo Car USA has announced Volvo Safety Sunday, a pledge to give away $1 million in cars if a safety occurs during football’s biggest night on Feb. 2.

For a chance to win, contestants must first visit VolvoSafetySunday.com where they’ll be prompted to design their own Volvo car and submit a unique configuration code as an entry between Jan. 20 and just before kickoff on Feb. 2. They can choose one of any 2020 Volvo models currently available in the U.S., in any trim and color.

Volkswagen, University of Tennessee to collaborate on innovation hub

(January 20, 2020) HERNDON, Va. — Volkswagen Group of America and the University of Tennessee have announced a collaboration to create Volkswagen’s first innovation hub in North America at the UT Research Park at Cherokee Farm.

“Working with the University of Tennessee and Oak Ridge National Laboratory is a great opportunity to continue growing Volkswagen’s engineering footprint in the North American region,” said Wolfgang Demmelbauer-Ebner, executive vice president and Chief Engineering Officer, Volkswagen North American Region.

2020 Audi Q5 gets boost with plug-in hybrid

(January 19, 2020) HERNDON, Va. — Audi of America has introduced its first plug-in hybrid (PHEV) variant of its bestselling SUV, the Audi Q5, with addition of an electric motor coupled with a traditional TFSI gasoline engine. The versatile new PHEV offers customers a premium SUV with an efficient, yet powerful driving experience.

Audi says the combination of standard quattro all-wheel drive, powerful gasoline engine, and electric motor heighten performance at a competitive price point. The Audi Q5 TFSI e will be joined by the A8 TFSI e and the Audi A7 TFSI e in the coming months.

Toyota Indiana completes $1.3 billion modernization project

(January 18, 2020) PRINCETON, Ind. — Furthering Toyota’s commitment to better serve customers and build vehicles where they are sold, Toyota Indiana (TMMI) invested an additional $700 million and added 150 new jobs to complete the transformation of its plant modernization project, announced in January 2017.

The project adds 550 new jobs and represents a total new investment of $1.3 billion, which was used for retooling, new equipment installation and advanced manufacturing technologies to further modernize the facility and meet strong demand for the all-new 2020 Toyota Highlander.

Nearly 700,000 Toyota, Lexus vehicles recalled over fuel pump issue

(January 17, 2020) Toyota Motor North America will recall 696,000 Toyota and Lexus vehicles from the 2018-19 model years in the United States equipped with a fuel pump that might stop working and could lead to a potential stall, the automaker said.

According to Toyota, the recall involves non-hybrid powertrains from the following models — 2018-19 Lexus LS 500, GS 350, ES 350 and IS 300 sedans; LC 500, RC 350 and RC 300 coupes; LX 570, and GX 460 and RX 350 crossovers; as well as 2019 NX 300, RX 350L crossovers and GS 300 sedans.

Lexus creates moon mobility concept sketch for lunar design portfolio

(January 17, 2020) Joining an elite group of design industry luminaries, luxury automaker Lexus was selected to contribute a suite of design concept drawings to Document Journal’s prestigious portfolio. For Document Journal‘s issue No. 15, the art & fashion magazine invited a selection of the culture’s most compelling architects and designers to find their inner Major Toms and imagine human life on the moon for The Lunar Design Portfolio. How shall we live? What will it look like? What will we wear? What will we drive?

2020 Jeep lineup ready for winter with North Edition models

(January 17, 2020) AUBURN HILLS, Mich. — As the bitter cold of winter moves into much of the country, Jeep is delivering new North Edition models across its lineup, with legendary 4x4 capability and a host of standard content to tackle frosty commutes.

“When winter weather hits, your Jeep SUV can be your best friend,” said Jim Morrison, Head of Jeep Brand. “Every Jeep 4x4 is engineered to easily tackle winter, and our new North Editions add features and technology to make winter driving even more of a pleasure.”

GM investing $6.7 million in its Tonawanda Engine Plant

(January 17, 2020) TONAWANDA, N.Y. — General Motors has announced a $6.7 million investment in its Tonawanda Engine Plant to upgrade the plant’s production systems. Of the total investment, $4.4 million is in capital investment and $2.3 million is in project expense to improve efficiencies in producing the 5.3L V8 engine used in full size trucks.

”Tonawanda Engine Plant’s talented and engaged workforce continuously strives to help our plant succeed. This investment helps expand our flexibility to make multiple products to meet customer demands,” said Plant Director Ram Ramanujam.

No turbocharging — Porsche adds 4.0-liter 394 hp six in Cayman, Boxster

(January 17, 2020) ATLANTA — Porsche is adding two new models to its mid-engine sports car range: the 718 Cayman GTS 4.0 and the 718 Boxster GTS 4.0. The new mid-engine sports cars are powered by a naturally-aspirated four-liter six-cylinder boxer engine developing 394 hp and 309 lb.-ft. of torque.