Tesla will upgrade its base model with all-wheel drive, a bigger battery, dual electric motors, and increased range. To be known as the 70D, driving range will increase from 208 miles to 240 between charges. The price goes up $5K to $76,070. Tesla said its customers wanted all-wheel drive and increased range and the new model announcement drove its shares higher on the NASDAQ.
Honda will halt production of its slow selling Crosstour model effective with the 2016 model year. It will also transfer production of the Accord hybrid from Marysville Ohio to a facility in Japan. The move will allow the Ohio plant to concentrate on the upcoming HR-V subcompact crossover based on the Fit. Honda also celebrated the assembly of its 1 millionth car at the plant in Greensburg, Indiana.
Mercedes is selling more than a few vehicles worldwide. It announced the delivery of 183,467 vehicles last month, its highest monthly sales ever for the month of March and an almost 16 percent improvement over the same month a year earlier. It said sales were strong in Asia and Europe in particular.
It is no secret that demand has been strong month after month for large Sport Utility Vehicles, so GM is considering a big upgrade to its plant in Arlington, Texas to the tune of $1.3 billion. It is home to the Cadillac Escalade, Chevy Tahoe, Suburban, and their GMC brothers. The city is considering tax breaks to sweeten the pot. The Detroit News reports that GM is also considering expansion of its Tech Center in Warren, Michigan that could add 2,000 jobs.
Kia is getting a new leader in the U.S. Michael Sprague will take over the newly named position of COO of Kia Motors America. The former leader, Byung Mo Ahn, will become an advisor to the company. Sprague had been Kia’s sales and marketing leader in this country. The Korean automaker said it wanted to beef up its overseas sales.