AD #2379 – Porsche Acquires Stake in Rimac, Ford & VW Explore Partnership, Honda Insight Driving Impressions
June 20th, 2018 at 11:50am
Runtime: 6:59
0:29 Ford & VW Explore Partnership
1:03 Hyundai & Audi Partner to Develop Fuel Cell EVs
1:34 Porsche Acquires Stake in Rimac
2:27 Volvo Opens 1st U.S. Plant
2:48 Magna to Build Cars in China
3:17 Nissan Develops New High Strength Steel
4:34 Honda Insight Driving Impressions
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On today’s show…Ford and Volkswagen explore making commercial vehicles together…Canadian supplier Magna partners to make EVs in China…and we share our impressions of the all-new Honda Insight hybrid. All that and more coming right up on Autoline Daily.
This is Autoline Daily the show for enthusiasts of the automotive industry.
FORD & VW EXPLORE PARTNERSHIP
Ford and Volkswagen are exploring a partnership to jointly develop commercial vehicles and other projects. The two companies didn’t reveal many details but the alliance won’t involve equity arrangements, including cross ownership stakes. As of now, there’s no timetable as to when they’ll make the alliance official but the two companies will provide updates as they go along. It will be costly for automakers to meet future environmental and safety regulations, and that’s why we’re seeing two of the largest automakers in the world partnering up to share the costs.
HYUNDAI & AUDI PARTNER TO DEVELOP FUEL CELL EVs
Hydrogen fuel cells provide longer range and shorter refueling times for electric vehicles. But fuel cell EVs are still in their infant stages. Because of this, Hyundai and Audi have partnered to advance this technology more quickly. Audi will also have access to Hyundai’s hydrogen fuel cell components, which will lower production costs. In the end, Audi and Hyundai believe this partnership will cut R&D costs and development time, bringing FCEVs to the mainstream sooner.
PORSCHE ACQUIRES STAKE IN RIMAC
Porsche just acquired a 10 percent stake in electric hypercar-maker Rimac to develop electric powertrains. And it’s easy to see why Porsche wanted to partner with Rimac. Its latest hypercar, the “C Two”, has a reported 2,000 horsepower, around 403 miles of range, a top speed of 256 miles per hour and a 250-kilowatt fast charging system that can charge the battery to 80 percent in 30 minutes.
Still to come…Volvo celebrates opening its first plant in the U.S.
VOLVO OPENS 1ST U.S. PLANT
Volvo opened its first plant in the U.S. today in Charleston, South Carolina. The facility will build the S60 starting this fall and in 2021 it will make the next-generation XC90. The plant can build up to 150,000 vehicles a year and is expected to create 4,000 jobs over the coming years.
MAGNA TO BUILD CARS IN CHINA
Canadian auto supplier Magna is partnering with BAIC subsidiary Beijing Electric Vehicle Company, to build you guessed it, electric vehicles. Production of the EVs starts in 2020 in China. For Magna, it’s their first time building and engineering cars outside of Austria. The two companies will use an existing BAIC facility to make the EVs, which is expected to make up to 180,000 a year.
NISSAN DEVELOPS NEW HIGH STRENGTH STEEL
Nissan has developed a new type of high-strength steel that it claims is lighter, stronger, and easier to form than traditional high-strength steels. And best of all, it can be cold-stamped, which is more efficient for manufacturing than heat stamping. The current Infiniti QX50 has front and sides beams made from the steel, which helped reduce weight and improve its fuel efficiency. In the future, Nissan hopes the high-tensile steel will make up 25% of its vehicle’s parts-by-weight.
Have you heard of graphene? It’s an amazing material and on Autoline After Hours tomorrow afternoon we’ll have a company called Promethient explaining how its Thermavance technology uses graphene for automotive applications. It should be an interesting show, so be sure to tune in.
Honda’s new Insight hybrid goes on sale soon and we’ll share our thoughts on the car, coming up next.
HONDA INSIGHT DRIVING IMPRESSIONS
The all-new Honda Insight goes on sale June 29th and here are our thoughts on the hybrid. First off, I like that a number of automakers are getting away from goofy designs for their hybrids. It’s a welcome change in my book. It was also nice to feel how neutral the Insight is on the road. Not too sporty and easy to maneuver. If I had any complaints about this, which I make the same observation about most vehicles, is that the wheels on the Touring model we drove were too large for my taste. The ride would be better with smaller wheels and I think it also contributes to a bit of tire noise coming into the cabin. They’re certainly not deal breakers, you can get 16-inch wheels on lower trims, but it’s something I took note of. And speaking of notes, the sounds the engine made were a bit weird. Since this uses Honda’s two motor hybrid system, the engine only directly drives the wheels above 65 miles-per-hour, otherwise it’s used to charge the battery. During acceleration, I felt like the engine was spinning faster than it would be in a traditional setup. In other words, the engine sound didn’t match the seat-of-your-pants feel and it was a bit weird to me. But for a different perspective, I talked with After Hours co-host, Gary Vasilash, who also drove the car, and he said the buzz of the engine didn’t bother him at all. But the real selling point for the new Insight is impressive fuel economy. The Civic, from which the Insight is based, is rated at up to 42 miles-per-gallon on the highway and up to 36 MPG combined. The insight comes in at 52 MPG combined and we were able to get over 51 miles-to-the-gallon in mixed driving with the AC blasting. Not too shabby. When it goes on sale at the end of the month, the Insight will start at nearly $24,000 and a top-of-the-line Touring model comes in at just under $29,000, both including destination charges.
But that’s it for today, thanks for watching and please join us again tomorrow.
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June 20th, 2018 at 12:03 pm
Seems like the Honda Volt er Chevy insight..whatever is priced reasonably. Great car to be sure, I just wonder when Honda will apply this to an SUV?
June 20th, 2018 at 12:04 pm
I guess Volvo wanted the cache of Charleston, S.C.; though actually the plant will be about 30 miles from Charleston (between Summerville and Ridgeville). I believe production is slated to begin in the fall.
June 20th, 2018 at 12:17 pm
Why don’t they call that Honda hybrid a Civic Hybrid, or something like that? If they call it Insight, it should be a liftback, like earlier Insights.
June 20th, 2018 at 12:48 pm
Volvo’s first North American plant was in Nova Scotia built in 1963 to take advantage of the new Auto Pact between Canada and the U.S.. It assembled a number of models shipped CKD from Sweden. It was closed in 1998.
We had one of those Volvo’s. Their claim to fame was their reliability. It never left us stranded away from home. Always broke down still in the driveway. Rusted so badly, it was taken away with a broom. I understand they’re better now.
June 20th, 2018 at 12:52 pm
4 That description of your Volvo was entertaining. Yeah, I hope they’re better now.
June 20th, 2018 at 1:27 pm
Would love to see a segment on the second hand market for these Hybrids and EVs. Resale values, long term ownership costs, who can fix them, battery replacement costs, recycling issues, and the latest battery fires. On my street, all of the young families each park on the streets at night so as to not be blocked in for the morning commute and school. If half these cars are EVs in the future, would they have to run industrial gauge cables across the lawn out to the street to charge each evening? Or with one EV charger per household, how is this going to workout?
June 20th, 2018 at 1:31 pm
Volvo cars is a wholly owned subsidiary of Geely motors since 2010. Therefore it is a Chinese car company. Have read a few times about “ when the Chinese begin to make cars here in the US…” well it’s already going on. Wonder who they had to partner with here in America and share technology with to be able to produce here? Hmmm oops forgot that only applies to anyone wanting to produce in China.
June 20th, 2018 at 2:16 pm
Why would Porsche want to invest in Rimac? The Mission E “or Taycan” seems pretty well sorted and once the mainstream manufacturers are fully online, I doubt there will be any room for these boutique car makers.
June 20th, 2018 at 2:18 pm
6 I don’t know about other hybrids, or EV’s, but I replaced a 2010 Prius with a new 2017 about a year ago, and the 2010 depreciated at about the same rate as most vehicles. It had about a year, and a few thousand miles of the 8/100K battery warranty left, so the depreciation may have had an uptick if I’d kept it another year, and the battery warranty was finished. My personal maintenance amounted to oil changes and a set of tires.
Roger, I, too, would like to know more about the “end of life” issues with hybrids and EV’s, like recycling of materials in the batteries and motors.
Actual resale value of hybrids and EV’s, like other vehicles, depends on current fuel prices. If gas went to $5/gallon next week, my 2017 Prius would probably be worth $3k more, and a 2017 Expedition would be worth $6K less.
June 20th, 2018 at 2:29 pm
I had only one Volvo, it was a 1986 760 gle turbo. It was very fast and safe for its day but the build quality and engine, suspension issues never ended. It ate 3 turbo’s in less than 3 years in spite of it being intercooled and made by Bosch. As the end of the warranty approached I unloaded real fast and never looked back. The brand has a lot of baggage to overcome with former owners. They are sort of like owning a Land Rover..either buy the extended warranty or dump it before the warranty runs out. Being owned by a Chinese company doesn’t instill any more confidence in the cars quality for me. They look very nice but so did my 86 760.
June 21st, 2018 at 11:11 pm
Volvo is stepping up their game now that they open their first US plant. I’ve read that they are in the works of creating a pickup truck. They already released the concept for it. They are known for creating huge commercial truck parts but now they are trying to tap the market of pickup trucks.
June 23rd, 2018 at 11:50 pm
You know you are getting old when you complain of tire noise and oversize wheels. 16″??? This is not 1996.