Monday, August 15, 2022

EV Maker Rivian Reports $1.7 billion 2nd Quarter Loss

[Auto Styling News]

Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders, according to the Wall Street journal.

The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first three models. Rivian started manufacturing vehicles for the first time late last year.

Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Saturday, August 6, 2022

KIA Goes Electric With It's 2023 Niro

[Auto Styling News]

The "Sustainable mobility" 2023 Kia Niro is said to be by the Kia to be built to be  "accessible for everyone." the Second-generation Niro CUV comes in hybrid (HEV), plug-in hybrid (PHEV) and all-electric (EV) variants, further advancing Kia’s "Plan S" electrification initiative.

This all-new Kia Niro features a bold and dynamic design, featuring what the company calls it's ‘Opposites United’ design philosophy, and specifically its design philosophy, ‘Joy for Reason.' Let's just say that Korean car companies think differently than American car companies!

The design treatment allegedly takes its inspiration from nature, while the choice of colors, materials and finishes aim to strike a balance between an environmentally responsible approach to mobility and a future-oriented passenger car vision.

The side profile of the 2023 Kia Niro is accentuated by the Aero Blade, a highly distinctive shape that also aids airflow underneath. The Aero Blade can be painted in body color or in a variety

Dimensionally, the 2023 Niro retains a compact footprint but is surprisingly larger than the vehicle it replaces. The wheelbase increases to 107.1 inches, and overall length increases to 174 inches. Cargo capacity behind the rear seats increases to 22.8 cubic feet. And with 6.3 inches of ground clearance, Niro can easily handle urban activities. With these changes, Niro has 8 more cubic feet of passenger cabin room and 50 percent more cargo room than the Tesla Model 3.

Photos and text courtesy of Kia Motors

Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Wednesday, July 13, 2022

#Toyota CEO Urges Slowing Down The Rush To EVs

[Auto Styling News]

Toyota's stance on electric vehicles has been in sharp contrast to many other major players in the industry. While the brand finally has a modern EV in the form of the bZ4X, it is still electrifying its lineup at a slow pace, reports Car Buzz.

Last year, the company's CEO warned that a sudden transition to EVs at the expense of internal combustion could damage Japan's economy, and more recently, it said that it's important to give customers in different regions the choice of an EV or a conventionally-powered vehicle
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Monday, April 4, 2022

#Lotus Launches All-Electric Hyper-SUV, The Eletre

[Auto Styling News]

The all-new and all-electric Lotus Eletre is a strikingly gorgeous SUV. It takes the core principles and Lotus DNA from more than 70 years of sports car design and engineering, evolving them into a desirable all-new lifestyle car from the British automaker. (* Now 51% owned by Chinese automaker Geely Holdings, 49% owned by a Malaysian holding company.)

Eletre has an elegant and highly exotic look, with active aerodynamics and a dramatic, porous design. The use of pioneering sustainable materials is just icing on this delicious looking cake.

With it's high stance and gaping maw up front, it instantly reminds one of the Lamborghini SUV, Urus, which will be direct competitor in this segment, along with the Aston Martin DBX 707 and the upcoming Ferrari Purosangue. The Tesla Plaid also has to be mentioned in the same breath as these supercars.

Of course, to compete in this realm means one has to look absolutely stunning, in this vehicle delivers.

An all-glass roof offers much light to the interior greenhouse. 

The car has more creases and indentations then the face of an octogenarian actor. Heavy creases on the doors is this car look right, though, and give it an exotic feel. The rear features taillamps hidden in deep crevices, and an elegant light bar. 

The rear of the car is dominated by a carbon fiber spoiler that has its center removed so that it resembles wings, a look inspired by racing vehicles, the company says.

Despite being electric, the company says it offers a true Lotus experience. Optimal structural rigidity and active dynamics, combined with a potent blend of high power and torque, provide the kind of performance that is expected from a Lotus.

The vehicle - which Lotus claims is a "hyper SUV" - might very well live up to that hype, since it will deliver a stunning 900 horsepower and have a 373-mile range on a charge. This more than makes it a strong competitor with the other, gas-powered luxury SUVs in this class.

The company crows, "With powerful electric motors and a low centre of gravity, this new icon makes ordinary driving, extraordinary."

Unlike earlier Lotus models, which could have sparse interiors, this one looks as lush and gorgeous as the exterior.

Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Monday, March 21, 2022

#Maserati Set To Unveil Small SUV Grecale

[Auto Styling News]

The Maserati Grecale has been spotted with no camouflage for the first time ahead of a public debut tomorrow, March 22. 

New images posted on Instagram by Wilco Blok show the Porsche Macan rival in full production-spec bodywork. 

It was wearing some of the promotional stickers seen in some recent teaser images, but largely appears as it will at a full official unveiling tomorrow.

The Grecale, named for a Mediterranean wind system, is the second SUV from the Italian automaker, the first being the larger Levante.
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Monday, March 14, 2022

#Lucid Air Is Winning Awards And Delivering EV Luxury

[Auto Styling News]

Lucid Air was awarded MotorTrend’s Car of the Year late last year, competing successfully against a formidable field of 24 competitors from major manufacturers.

The win marked the first time that the initial product from a new automotive company has been awarded MotorTrend’s flagship Car of the Year award.

Designed in Silicon Valley and built in Arizona, Lucid Air delivers an industry-leading 500+ miles of range from Lucid’s proprietary powertrain technology, which is designed and built in-house.

The announcement followed the start of customer deliveries for the fully-reserved Lucid Air Dream Edition, a car that retails at $169,000. The lower end Air is a bit cheaper, at 77,000, and reservations for the Dream have already closed.

The dream comes with a mind-blowing 1, 111 horsepower, which blows almost anything off the road except a Tesla Plaid, which is just about it's only EV competition.

The exterior styling of this beautiful car immediately tells you that it is a luxury vehicle.

Not only is Lucid Air simply stunning, it’s also among the most aerodynamic cars in the world — with a 0.21 coefficient of drag. Inspired by the elegant shape of aircraft, we aimed for clean lines in every detail to create a phenomenally fluid form. Even functional features like the autonomous driving sensors were sculpted in seamlessly.

Exterior lighting is another way Air gets its wow factor. Designed entirely in-house, the Intelligent Micro Lens Array headlights are dazzling. And at the rear, a sweeping speedform taillight creates an uninterrupted impression of light and depth.

And this luxury EV is winning hearts and minds. Legendary Apple co-founder Steve Wozniak, a disenchanted former Tesla owner, recently took delivery of his Lucid Air.
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.

Friday, March 11, 2022

EV Automaker Rivian Sees Stocks Plummet After Bad Fourth Quarter

[Auto Styling News]

Rivian, the U.S. electric automaker that went public late last year, reported its fourth-quarter financial results and calendar 2021 outcome, results that along with its production forecast for 2022 disappointed Wall Street and sent shares to a new low, according to TechCrunch.

Screenshot from Robinhood app 3/10/22
The company (trading as RIVN) are holding steady at just below $36 a share, after losing 12% of its value in after hours trading on Thursday. That followed losing 6% of its value Thursday during daily trading.

A worldwide computer chip shortage, lingering doubts about future energy supplies, and range anxiety are all creating a perfect storm that is causing EV adoption hesitancy in the electric car market, despite a great deal of hype from the auto industry itself.

That is having a serious effect on startups like Rivian and lesser known companies like Canoo (GOEV) an electric automaker that has also has seen its stock plummet in recent months (it stands at $5.76 a share, down 1.35% Thursday) despite a new factory having been constructed in Oklahoma and promises of their van-like Lifestyle vehicle being produced by the end of the fourth quarter of this year - the seemingly ambitious goal that is also being doubted among those watching Rivian.

Nevertheless, Rivian produced just over 900 vehicles by the end of 2021, despite the fact that this was not enough to turn a profit.
Auto Styling News is a blog that covers car concepts, newly released models, and the auto industry.