The name may not be inspiring but Lexus has taken the wraps off a compact crossover called the UX that will make its international debut at the Paris Auto Show on September 29th. “The Lexus UX Concept takes Lexus’ bold design language to the next level. Its strongly differentiated identity is meant to appeal to a progressive, urban audience living in a connected environment,” said the company. And aside from the picture, that’s about all we know about the UX this morning.
Also at the Paris show, Porsche said it will reveal the Panamera 4 E-Hybrid with standard all-wheel drive and an electric range of up to 31 miles. The plug-in hybrid has a top speed of 172 mph, with 516 lb-ft of torque. Look for a fast 0-60 of 4.4 seconds, a new eight-speed transmission and a twin-turbo V6. The 2018 Porsche Panamera 4 E-Hybrid is expected to appear in North America by the summer 2017. Pricing will be announced at a later date.
GM chairman and CEO Mary Barra has topped Fortune magazine’s list of the nation’s Most Powerful Women for the second consecutive year. She was cited for raising revenue, handling the ignition switch crisis, and investing in Lyft.
Ford is expanding a recall involving faulty door latches and as a result, cut its 2015 pretax profit forecast from $10.8 billion to about $10.2 billion. Named in the recall were the 2013-15 Ford C-Max cars and Escape sport utility vehicles, 2012-15 Focus cars, 2015 Mustang cars and Lincoln MKC SUVs and 2014-16 Transit Connect vans. The expanded recall covers an additional 1.5 million vehicles, and Ford said that meets a request from the National Highway Traffic Safety Administration. Wall Street was not rattled by all this, as Ford shares closed yesterday up three cents.