Newly promoted, high-priced executives at Mazda seem to think there’s something to this crossover fad.
That, Hyundai’s landed a Benjamin Button to lead Genesis and I wish I would have known how cheap I could have purchased an F1 team … after the break.
New Mazda boss keying on crossover sales
New Mazda North America chief Masahiro Moro will push the company to sell more crossovers next year when he takes the reins, according to Automotive News.
Moro will take over for outgoing, longtime CEO Jim Oâ€™Sullivan on Jan. 1, and Moro said that heâ€™d like the automakerâ€™s business to be based more on its high-margin crossovers and less on its slim-profit sedans, such as the Mazda3.
“In the past, we have had a business model with too much reliance on Mazda3 series,” Moro told Automotive News. “With that business model, it is very difficult to make good money.”
To bolster that bid to sell more big vehicles, Mazda introduced its CX-3 in 2015 and will bring a new CX-9 in 2016.
More â€œboom-boom,â€� less â€œzoom zoom,â€� I suppose?
Former Lamborghini exec leading Hyundaiâ€™s Genesis division
Manfred Fitzgerald, who led Lamborghiniâ€™s brand and design up until 2011, will take over at Hyundaiâ€™s new Genesis brand, the automaker announced Monday.
Fitzgerald will be based in Seoul, South Korea, and will be responsible for the fledgling brandâ€™s strategy and marketing, according to the statement.
Apparently Fitzgerald is 52 years old, which youâ€™d never know by the above photo.
Toyota will likely retain crown for worldâ€™s largest automaker
Toyota outsold Volkswagen for the fifth-straight month in November, which means that the Japanese automaker will likely retain its crown for 2015 as the worldâ€™s biggest automaker.
(Volkswagen, you may have heard, has had a little difficulty selling cars since the summer.)
Reuters reported that Toyota said group sales have slid 1 percent year-to-date over last year, but that the automaker shipped 9.21 million cars in November.
Renault bought Lotus F1 for less than you think
How does $1.50 sound? Thatâ€™s how much Renault paid for the flagging Lotus F1 team, according to Motorsport.
The complicated stock transaction boiled down to just a single, British Pound, according to the report. Grigny will be the immediate owner of the team, according to Motorsport, and is a subsidiary of Renault. Grigny was involved in Renaultâ€™s last F1 bid, when the former was called Benetton.
All Pastor Maldonado needs to know is whose name to put on the check.
Recalls coming at year-end, but 2015 may come second
A flurry of year-end recalls for vehicles are bringing to a close a busy year for safety regulators, but that may not top last yearâ€™s record 64 million recalled vehicles, The Detroit Bureau reported.
The year-end rush may have something to do with the fact that Congress recently passed stiffer penalties for automakers as part of its federal highways bill.
Federal regulators have handed out record penalties already to automakers this year including $105 million to Fiat Chrysler Automobiles and $900 million to General Motors for its faulty ignition switches.