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Autoline Daily Episode 1067.

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Welcome to the Friday's edition of AutolineDaily. We are almost through the week, but there are some interesting things going on in the auto industry that we wanna get to right now. Nissan just reported its earnings for the first nine months of its fiscal year, and it’s a mixed bag, but generally disappointing. The company sold 3.2 million vehicles, up 4 percent. And that boosted revenue by a whopping 21 percent to almost $84 billion. But clearly costs were skyrocketing because the company’s net profit dropped 12 percent to just under $3 billion. Analysts say this is because of the problems that Nissan ran into in China last year, when consumers boycotted Japanese cars. But I say, how odd that Toyota and Honda faced the same problems but they did not see this kind of drop in profit. In other Nissan news, at the Chicago Auto Show yesterday the company unveiled a Nismo version of the Juke and officially kicked off its NV200 commercial van. Toyota unveiled the all-new Tundra at the Chicago Auto Show yesterday which has been redesigned both inside and out. It’s a good, clean, modern looking update. Mechanically the truck is pretty much the same as before, but features new things like a Blind Spot Monitor, a standard back-up camera and standard Bluetooth. The Tundra was styled at the company’s CALTY design center in California, engineered at its tech center in Ann Arbor, and will be built in Texas, and then it goes on sale in September. It looks like Kia wants to step into the full-size crossover segment. Yesterday at the Chicago Auto Show it pulled the wraps off its Cross GT concept vehicle. The CUV is actually 1.6 inches shorter in overall height than the Kia Sorento but has a wheelbase that is 15.7 inches longer, and that makes room for the suicide doors. It comes with a 3.8 Liter V6 hybrid mated to an 8-speed automatic. Kia says it produces 400 horsepower, 500 foot-pounds of torque but still can travel 20 miles in full-electric mode. MINI just introduced the fastest car it has ever made, a souped up version of the Hardtop called the John Cooper Works GP. It’s powered by a specially tuned 1.6 liter four-cylinder that cranks out 211 horses and is mated to a six-speed manual. The GP is 67 pounds lighter than the Hardtop which helps it reach a top speed of 150 mph and move from 0 to 60 in only 5.9 seconds. Even so, it averages 29 mpg. It includes several aerodynamic improvements, adjustable suspension and a special traction control program. The back seats were ripped out, sport seats were added up front and red trim runs throughout the interior. That rear bar in the back, that's not to increase chassis stiffness, it’s to prevent cargo from flying into the front seats. if you break up in an accident. The GP goes on sale in early March with a starting price just under $40,000. But if you want one you better act quick, only 2,000 will be built and only 510 will be sold in the U.S. But that wraps up this week’s reports. Thanks for watching and I hope to see you back here again on Monday.

Video Details

Duration: 3 minutes and 49 seconds
Country: United States
Language: English
Producer: AutolineDetroit
Director: John McElroy
Views: 46
Posted by: vecttra on Feb 15, 2013

Profits Down at Nissan, Fastest MINI Ever Made.

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