AD #3348 – Ferrari Says No to Autonomous Vehicles; GM Preps for EV Launch In EU; Porsche Nailed for Cheating on Emissions

June 17th, 2022 at 11:45am

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Listen to “AD #3348 – Ferrari Says No to Autonomous Vehicles; GM Preps for EV Launch In EU; Porsche Nailed for Cheating on Emissions” on Spreaker.

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Runtime: 9:22

0:08 Gasoline Is $6.76 In Canada
0:38 GM Preps for EV Launch In EU
1:27 Car Thieves Steal Right Off the Assembly Line
2:54 Ferrari Says No AVs, Not Never
3:50 Renault Re-Thinks Sound Inside EVs…
4:45 …And Hardens Them from Cyber Attacks
6:00 Porsche Nailed for Cheating on Emissions
6:39 New Electric Commercial Van Startup
7:41 Study Finds Quarter of EV Chargers Don’t Work

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22 Comments to “AD #3348 – Ferrari Says No to Autonomous Vehicles; GM Preps for EV Launch In EU; Porsche Nailed for Cheating on Emissions”

  1. Kevin A Says:

    Sean, as I’m sure you know, gasoline costs the same almost everywhere, if you take out the taxes. The US charge low gas taxes so has low cost gas. Canada and most of Europe has high gas taxes on purpose so has high prices. I’m always amazed that Americans are surprised that California has the highest US gas prices, just because they have the highest taxes. (plus some restrictions on imports that prevent other states from shipping to Cali.) There is no mystery is gas pricing. People only have to pay attention.

  2. Wim van Acker Says:

    @2 Well put, Kevin. Gasoline prices in the Netherlands and Norway are among the highest in the world.

    1 The Netherlands has 17 million well off citizens living on a small area at the Atlantic coast. Rotterdam is one of the largest petroleum ports in the world, large scale oil refineries are next to the port and the distribution is relatively cheap because of the high population density. Gasoline cost at the pump should be low compared to other countries, but the fuel prices are among the highest in the world.
    2 Norway has a huge oil reserve and production, and only 4 million citizens concentrated in the southern part of the country. The Norwegian Sovereign Wealth Fund indirectly owned by its 4 million citizens is the world’s largest, 10% larger than the Chinese Sovereign Wealth Fund for 1.2 billion people. The Norwegian Government could provide free fuel to all citizens and fuel has low cost per gallon. Still the fuel prices are very high. Because the Norwegian government wants, just like the Dutch government, to have the population conserve energy and move as much as possible to electric vehicle propulsion.

    Please note that I am just describing the situation, so not providing any opinion on what I believe is right or wrong.

  3. Kit Gerhart Says:

    1 Gas is cheap in the US compared to much of the world because of low taxes, but prices vary within the US for reasons in addition to taxes, described here:

    https://www.eia.gov/energyexplained/gasoline/regional-price-differences.php#:~:text=Gasoline%20prices%20vary%20over%20time,retail%20competition%20and%20operating%20costs.

  4. Albemarle Says:

    When we lived in Montreal many moons ago, the most expensive gas I would buy was right next to the refinery, and the cheapest was 300 miles away north of Quebec City in the Lac Saint-Jean area. Same taxes. Go figure.

  5. George Ricci Says:

    1. Another contributing factor to why California has the highest gasoline prices, is we have a special Reformulated Gasoline that is only made in California. It is supposed to reduce emissions, but it requires changes to the refinery, is harder(costlier) to make, and reduces gas mileage/horsepower.

  6. XA351GT Says:

    Maybe if the EPA standards were reasonable the manufacturers wouldn’t feel the need to cheat it. I get it to a point , but until the entire world has to abide by the same standard for emissions and safety I think it’s a problem waiting to happen.

  7. GM Veteran Says:

    I would love to see a breakdown of that $2,000 to $3,000 savings per vehicle the manufacturer would save by having a direct sales model. I think Mr. Farley has some bad information.

    I was a factory sales rep for GM for ten years and contacted dealerships from the West coast to the East coast and I’m familiar with the financial advantages the dealership model provides to the manufacturer. There are some very good reasons that the dealership model was developed in the first place.

    Think about how much money Tesla has tied up in showrooms, service centers, all of the equipment those need and the employees that staff them. Add in the inevitable carrying cost of inventory once the whole industry is producing EVs. Consumer demand will rise and fall as it always has and there will inevitably be lots filled with vehicles and incentives to help move them. The OEMs will not be as disciplined in their production as they think they will be. They have had discipline forced on them over the last several years because of the pandemic and the chip shortage. Without those restraints, the dealers would be full of inventory and incentives would be pervasive.

    Again, I would love to hear where those savings will come from. I don’t see how that will happen.

  8. Kit Gerhart Says:

    6 It seems that only VW group is into cheating on such a large scale. The EPA and EU standards are reasonable, for their parts of the world, but it would not be reasonable to have the same standards in very poor countries, like Somalia and Haiti.

  9. GM Veteran Says:

    Wow, the new Four 8 commercial van company certainly is ambitious! I wonder who is behind them and what their source of funding is. Given the established players and several startups that may survive, the odds are long that this company is going to make it. Just my two cents as Elms filed for liquidation bankruptcy this week, Workhorse seems to be circling the drain and Lordstown would already be there if not for the last minute bailout from China. I will add this company to my watchlist.

  10. Kit Gerhart Says:

    9. It looks like Four8 may be nothing but a web site, looking for donations, or “investors.”

  11. merv Says:

    another great week of autoline,thanks

  12. XA351GT Says:

    Kit @ 8 Why not ? don’t they breathe the air? Allowing “poor” nations to do as they please it a big reason why this problem exists in the 1st place. India and China were considered poor nations not that long ago and they are 2 of biggest polluters if they aren’t on the planet. If either of them had to abide by the same standards as we do they’d not be able to undercut us so bad . Well that and their use of damn close to slave labor.

  13. James Says:

    The average price of regular 87 is $2.08 a litre in Canada

  14. James Says:

    The average price of regular 87 is $2.08 a litre in Canada. Number of litres to a US gallon is 3.785. $2.08 x 3.785 = $7.87 a US gallon. Where I live the it’s $2.22 so that’s $8.40 USG.

  15. Kit Gerhart Says:

    12 Yes, things are not fair in a lot of ways, but in places where average wage is a few hundred dollars a year, people are not able to buy $50K vehicles with modern emission controls. Most can’t buy vehicles at all.

    As far as China, they are “cleaning things up” a lot, but they still have a way to go. Yeah, India has a long way to go.

  16. Sean Wagner Says:

    15 Kit – About substitutes for Europe’s NatGas imports from Russia. That’s an excellent question.

    All I know is that many shipments to Asia have been rerouted (so original buyers outbid), and the US is now directing a lot more to Europe too.

    I don’t have the answers. One addendum: Russia can’t simply sell that gas elsewhere, equivalent pipelines don’t exist.

    See also
    U.S. liquefied natural gas exports to Europe increased during the first 4 months of 2022
    http://www.eia.gov/todayinenergy/detail.php?id=52659

  17. Kit Gerhart Says:

    16 Thanks for the info. I’d think LNG would be a very expensive substitute for gas from pipelines, but it looks like a lot of it is moving around the world, including from the US to Asia.

  18. Sean Wagner Says:

    17 LNG definitely costs more.

    I’ve now heard Germany will also be using more coal, while trying to fill up the gas reserves for winter. If a miracle happens, they’ll keep the last two nuclear reactors running (so not).

    I’m afraid our Russian sanctions regime – concerning gasoline at least – has been self-defeating.

    Instead of listening to some sensible economists who recommend an increasing levy on fossil fuel imports from Russia, we’re attempting to completely cut them off asap.

    The resulting price spike means that their inflow of hard currency has actually increased, while the world economy takes a hit. Can we have it all, all at once, or should we settle for the more attainable lesser evil?

    Not that the American predilection for gas hogs is anything other than a personal choice and evident financial risk.

    To be clear, I think that all other sanctions make perfect sense and need to be enforced.

  19. Lambo2015 Says:

    Just a reminder gas was under $2 a gallon 3 years ago.

  20. Lambo2015 Says:

    Just a reminder gas was under $2 a gallon 3 years ago.

  21. Kit Gerhart Says:

    19,20 Huh??? Gas was $2.87/gallon in June 2019 in Indiana, which does not have the highest gas prices in the US.

    http://www.wbiw.com/2021/06/01/indiana-gas-prices-have-risen-5-6-cents-a-gallon-in-the-past-week/#:~:text=Historical%20gasoline%20prices%20in%20Indiana,U.S.%20Average%3A%20%242.81%2Fg)

  22. Peter Smith Says:

    Maybe if goverment’s mandates on fuel economy for performance car manufacturers wasn’t so ridiculous , Porsche wouldn’t have to go to “such lengths” to fudge the economy ratings at all .

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