AD #2424 – Details on New Trade Agreement, Mercedes & Kia Teasers Look Very Similar, New Auto Lighting Company

August 29th, 2018 at 11:34am

Runtime: 6:51

0:31 Details on U.S. & Mexico Trade Agreement
1:31 Musk Back to His Twitter Ways
2:08 Gigafactory Getting Its Solar Roof
2:55 Magna Forms New Auto Lighting Company
3:42 Teasers From Kia and Mercedes
4:12 Aretha Franklin’s Final Ride in Classic Hearse
5:04 Toyota Wants to Triple China Production
5:47 SAE Out to Change AV Perception

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28 Comments to “AD #2424 – Details on New Trade Agreement, Mercedes & Kia Teasers Look Very Similar, New Auto Lighting Company”

  1. Larry D. Says:

    we could not care less about Musk’s tweets that have nothing to do with the focus of this broadcase, ie, the automotive industry.

    What I would really be interested to know is, why the huge discrepancy between Tesla sales estimates by Wards (9,300 last july) and other estimates posted here which are almost twice as many? Even Ward’s are over 50% higher than the outdated 6,000 Automotive News July Tesla sales estimate.

  2. Larry D. Says:

    The relentless shoving down our throats of AVs and all these pie in the sky rosy scenaria about them is the wrong way to go about this.

    Auto Enthusiasts do not want a dumb robot (which, BTW, is NOT perfect, as it was designed by a dumb human) to make decisions for them.

    They, at best, want the Tools and they want the freedom to CHOOSE to use them. Such as lane departure warnings and the like, which are already available in upscale cars and SUVs.

  3. Kit Gerhart Says:

    2 Technology like lane departure warning, like other things, keeps trickling down. The Camry hybrid I drove a few weeks ago had it. The system would beep if leaving a lane without signaling, and gently tug on the steering wheel. The car was the bottom trim level, but the lane departure warning was an option.

  4. Chuck Grenci Says:

    Kia/Hyundai are not new to the copying of design; there are many examples of almost clone-like designs, but with almost simultaneous reveals, perhaps they do have spies (at other companies).

    I’m not totally against autonomous cars, however, seems that when they are force fed (to us enthusiasts), they kind of leave a ‘sour’ taste in one’s mouth. And the same goes for electrics; when they come, they come, I don’t need a constant reminder that they are just around the corner. I’ll parallel my remark with another example: the news in my area constantly bombards (us/me) with the hurricane prediction even when none are on the horizon; seems premature to keep everyone on edge the whole season when in this day and age, with proper warning of an approaching storm, there is time for preparation (without the constant blather that there’s sure to be one ‘sometime’ this season). Sorry for the rant; I shall step down from my soapbox.

  5. Brett Cammack Says:

    I drove 1,360 miles last week from Florida to Tennessee and back, attending the memorial service of a family member. I would’ve adored an autonomous vehicle, particularly since I came down with a headcold on Saturday night and drove home Sunday with a box of tissues on my lap, generating titanic sneezes every couple of minuts.

  6. Barry T Says:

    On the taillights – check out the Lincoln MKC LED taillights since 2015 – Porsche’s seems to my eye to be incredibly similar…

  7. Wim van Acker Says:

    Elon Musk’s logic: “If a Thai diver living in Thailand does not sue me, with my $ 20 billion net worth, in the U.S., he must be guilty.” I hope Elon applies better logic when doing the job he is supposed to do.

    And I hope for Elon that the Thai diver does not sue him in a court in Thailand; the outcome may be very different from what he expects.

  8. JWH Says:

    Sean/John – Some input from the other side since it appears you are receiving criticism for your presentation today. While many times I really don’t care about St Elon & his ramblings, and believe he is just trying to distract people from the bad news he generates, I do give him credit for many of the good things he has accomplished – Honesty on his part would be good. In addition, not in the market for an AV since I enjoy driving (particularly on roads with curves), I do enjoy your input on keeping us informed on these items.

    Long winded way of saying “Please continue informing us as you have”.

    Thanks for the knowledge.

  9. Larry D. Says:

    5 why not fly instead? The distance is too long to drive for such a short stay.

  10. Larry D. Says:

    Will lane departure warning work on twisty country roads with constant sharp turns and curves? And in these cases it is usually one lane each way, which produces far more serious collisions. Two cars against each other going 50 MPH collide with 100 MPH, while on the interstate, a car going 100 hits another going 70 with a mere 30 mph

  11. Larry D. Says:

    8 JWH Says:
    August 29th, 2018 at 1:20 pm
    “… While many times I really don’t care about St Elon & his ramblings, and believe he is just trying to distract people from the bad news he generates…”

    I cannot think of any serious “bad news” Musk has generated, he has faced big problems and, unlike GM and Chrysler, who went Broke and Tesla has not, he made sacrifices, slept on the floor of the plant and solved them. This is how a CEO i can respect should behave.

    by comparison, Ford’s Mark Fields made a mess, got himself fired, and cried all the way to the bank to get an utterly undeserved $57 million parting bonus for being a lousy CEO.

    I know I am a tiny minority in this, the industry contains millions who work for the domestics and especially their dealers whom Tesla is going over their heads to sell its cars directly to the consumer. Not surprising at all so many dislike (not to say hate) Tesla.

  12. Brett Cammack Says:

    #9

    Because I refuse to pay for the privilege of being treated like some sort of potentially criminal cattle. I despise the “security theater” that is foisted on us as being helpful as much as I despise the “We don’t care. We don’t have to.” attitude of the air carriers.

    Curmudgeon I am. I admit it.

  13. Larry D. Says:

    12 I fully agree with you. I also hate to fly under those conditions, . And after 9/11 it has really become very bad, with the lines and the whole production and taking off shoes and belts and all that.

    I used to drive any business trip I could that was less than 700 miles one way, if I had the time. Usually they paid me a nice 50-55 cents a mile when i did it, and one year my private car made a net profit because of 5 trips to wash DC. paid for all expenses and service, even a small repair.

    And if you own a really nice car, you drive really first class

  14. Kit Gerhart Says:

    12 Other than that, how do you like Flying? :-)

    To me, flying vs driving would be a hard call for that trip of ~700 miles each way. It’s about 10 hours of driving each way, assuming the drive is mostly on the interstate. If you fly, you need to be at the airport two hours early. The flight time, departure to gate is about two hours. Then, if you need to rent a car, that takes time, etc.

    When I’m going 1100 miles one way, I generally fly, unless I’m going to stay at the new location for an extended time.

  15. Kit Gerhart Says:

    As far as Elon tweeting, it’s fine if he wants to talk about cars, rockets, etc., but he really needs to avoid talking about stock manipulation transactions, and needs to avoid international name calling discussions.

  16. Larry D. Says:

    I have compared Musk in the 21st century with Henry Ford in the 20th.
    If you want to continue the comparison on non-auto related stuff, you have Musk’s tweets in bad form, but compared to Henry Ford’s bigotry and blatant antisemitism ( Henry Ford was not just a bigot who kept quiet about his prejudices, he published a paper, and even accepted a decoration of some kind from Adolf Hitler, I have recently seen a photo with Nazi bigwigs and Ford in their middle.

    So if you think Musk is bad, Henry Ford was 1,000 times worse.

  17. Kit Gerhart Says:

    Henry also had hired thugs, to beat up union organizers.

  18. Larry D. Says:

    17 that too, but I bet others like Ford did that too, Carnegie for sure.

  19. Larry D. Says:

    4 re Autonomous cars, a lot of the news items about them here are some studies that make projections. It should be made clear that these forecasts are not facts, but opinions that may or may not materialize.

    But most of the problem is in the marketing of the idea, stuffing it down our throats, as if 10 years from now everybody will be sitting in an autonomous car and texting instead of driving and paying attention on the road.

  20. Alexander Crabitses Says:

    It looks like Mercedes and Kia copied the new Porsche Cayenne’s taillamp design.

  21. Kit Gerhart Says:

    10 My experience with lane departure warning is limited, but I think it would work on twisty country roads, if the edge of the road has a painted line. It might not do much good, though, because a lane departure would tend to be more abrupt, than a gradual drift out of a lane on a multilane highway.

  22. BobD Says:

    On the Mexican trade “agreement”, it sounds about weak as the “great” deal Trump negotiated with South Korea. His bragging point was that he increased the number of vehicles each US OEM could import into Korea without a tariff from 25,000 to 50,000 annually, which sounds great, until you realize that no US OEM imports more than 11,000. Lots of talk with no meaningful gain.

  23. Bob Wilson Says:

    Elon tweets on Tuesday and the titteratti catch the vapors. Thanks to the Tesla ‘short’ complaints, I read the TSLA filings at the SEC. So today, I picked up 60 shares of TSLA at my asking price and I’m very happy.

    There are no guarantees but this reminds me of when I bought Apple stock before their first laptop came out. I made over 30% profit in six weeks. That is where Tesla is today with a killer car, the Model 3, established production facilities, and a backlog of eager customers.

    I expect Elon to pick up more shares at today’s discounted price. In effect, the ‘shorts’ are using Elon tweets to discount TSLA stock and making them quite affordable.

    Bob Wilson

  24. Kit Gerhart Says:

    23 Good luck. I’m not enough of a gambler to do that, or buy Apple, but you may do well.

  25. Bob Wilson Says:

    #24 – not gambling as much as a forced hand.

    I’m 68 and at age 70.5, at least 27% of my 401k will be forcibly taken out and sent to me. My 401k holding company also reports I should be 50/50 between stocks and bonds. Finally, I have to keep my income low this year to get a break on our Medicare B premium and not trip up into the next tax bracket. So I took out ~1/3d holding back 20% Federal and 2% State taxes.

    Once the money was in my brokerage account, I put in a low, price limited, bid. Based upon past performance, my guess is the end of August would be a local minimum. Then Elon tweeted. BINGO!

    I thought it would take a week to catch my buy-low price but it came in early.

  26. Larry D. Says:

    25 you got the rules wrong. Once you turn 70.5, you do NOT have to withdraw 27% of the 401k, but the ratio of what you have by 27, or 100/27= 3.8% or so. These are the so called MRW, minimum required withdrawals. You can withdraw more if you want to. The 3.8% is just for the first year, as you get older you naturally need to withdraw a minimum each year which goes up every year.

    If you are like me, who saved and contributed the max, and your investments on average did well, you will have a significant amount in the 401k (very few do), and the TAXES when you withdraw the ever increasing minima will be considerable.

    But what does this have to do with buying Tesla or Apple shares? Nothing.

  27. Larry D. Says:

    Previews of coming attractions. I bet one of the items tomorrow will be Moody’s downgrading Ford. Apparently Hackett’s Hatchet on all ford cars failed to impress Wall Street.

  28. Kit Gerhart Says:

    27 glad I have only a small amount of Ford