What’s News: Gen Y & Micromobility

Micromobility

FOR URBAN MILLENNIALS, MICROMOBILITY WILL BE THE KEY TRANSIT CHOICE OF THE FUTURE

Gen Y has been pivotal in the trend of resurgence in America’s urban areas. Not only do they have a significant preference for city living, they are also 21% more likely to buy their homes near city centers than Gen Xers. For the cohorts aged 25-34 and 35-44, the critical factor in that decision is access to transit, according to a Journal of Regional Science study.

Given that millennials make up America’s largest-ever generation, that is positive news for the sector of the transportation industry most primed to capture the future urban market: micromobility.

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Micromobility services — including ride-hailing platforms like Uber and Lyft, bike-share programs like New York City’s Citi Bike, and electric-scooter rental services like Bird and Lime — have grown rapidly in recent years. Today, there are more than 85,000 e-scooters available for rent in 100 cities across the US, with more than 38.5M trips made in 2018 alone. As a whole, the micromobility sector is expected to be worth up to $300B by 2030.

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What’s News: Tesla truck prototype pushed out to Nov.

  • Tesla‘s pickup truck will likely be unveiled in November, CEO Elon Musk said Monday.
  • That’s later than previously expected arrival times for the truck, which Musk has talked about for years.
  • Musk previously said a prototype “might” be here by 2019, but that full production would follow the Model Y, which has yet to be built

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What’s News: Tesla shares take a hit

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  • Shares of Tesla initially rise Thursday after a German business publication reports that Volkswagen CEO Herbert Diess is interested in buying a stake in the company, citing sources.
  • The stock pares some of its gains after Volkswagen denies the report.
  • A VW spokesman tells CNBC the report is “completely unfounded.”

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Where did they get a crazy idea of a VW acquisition? Well, from stories like this one.

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What’s News: Ford EV SUV inspired by mustang?

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Brian Williams snapped some photos outside of the automaker’s Dearborn, Mich., development center, of what’s assumed to be a prototype for the upcoming utility vehicle. The high-performance vehicle is wearing a bulky wrap to obscure it a little. The testers always drive each new prototype on public roads for real-world testing at some point in the process. What can’t be known for sure is if this is truly the mustang “inspired” SUV that has been rumored.

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What’s News: Rent a brand new Mustang?

“For $177, you can stand in lines at Disney all day. You can cover a night in a decent hotel room or eat a plate of deconstructed fried pickles at a Michelin-starred restaurant. Or you can invest in 24 hours with the supercharged 600-plus-hp Mustang Shelby GT-S. Let’s put that last one into perspective: You can’t buy even half of a rear tire for the Shelby with $177.”

German automotive rental giant, Sixt, entered the US market in 2011, and has grown quickly since–probably due in part to sharp decisions like this. Sixt’s Shelby fleet currently stands at 20 nationwide among cities like Las Vegas, Los Angeles, Fort Lauderdale, and Miami, (price tags vary by market). When Car and Driver rented one in Florida the cost was $177 / day with an extra $0.83 /mi after the first 175 miles.

This sure beats renting a minivan to haul the family to a world famous amusement park and doesn’t cost that much more, really, does it???

“The Shelby GT-S turns every open road into a thrill ride that you pilot. And if it takes your entire vacation budget to make it happen, know that you can probably cook a steak on the car’s supercharger and sleep in the passenger’s seat.”

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What’s News: Pickups, that’s what.

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Dodge Ram finally overtakes Chevy’s Silverado for the #2 spot in full size trucks.

The change has been stark, as the Silverado used to ship more than 150,000 more units than the Ram, and now it’s down over 20,000. Typically, buyers of said trucks tend to stick with whatever brand they bought last time

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And Tesla’s truck, which doesn’t really exist yet BTW, has overtaken the mighty Ford F-150 as most talked about.

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“Tesla’s CEO has sought suggestions for features to add to the Tesla truck under development and he revealed some planned features, like an option for 400 to 500 miles of range, Dual Motor all-wheel drive powertrain with dynamic suspension, as well as ‘300,000 lbs of towing capacity’.

The automaker also released a teaser image of the Tesla pickup truck, which they plan to fully unveil later this year.

That’s code for ‘Rivian has it so we will too’

As a theme it’s David over Goliath on July 4, 2019. Still, the checkered flag hasn’t waved on any of these races yet.

What’s News: Electric F-150?

The top selling truck in the US is F-150. In 2017, Ford decided to create an all-electric pickup truck. Their hybrid version comes out in 2020, which moved both the company and the market toward an EV truck. Ford’s video Tuesday demonstrates the electric truck’s remarkable towing capacity.

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The video shows a prototype pull 10 double-decker rail cars over 1,000 feet. Are the rail cars empty? Well, yes, the 1st time. The 2nd time they’re loaded with over 40 I.C.E. F-150s weighing roughly 1.25 million pounds. As impressive as this is, Ford is behind Rivian and Tesla in tackling an E.V. pick up.

What’s News: Tesla price cut on standard models

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(Reuters) – Tesla Inc (TSLA.O) has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, in a sales push that comes days after the U.S. electric vehicle maker reported record deliveries.

To simplify its offerings, the automaker on Tuesday limited variants of its Model X sport-utility vehicle and Model S sedan to “Long Range” and the more expensive “Performance”. It also trimmed the price of its now entry-level Long Range variants.

The discontinuation of the standard-range variants, however, means a rise in starting prices – to $84,990 for the Model X and $79,990 for the Model S, excluding potential buying incentives.

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What’s News: Ford knew about transmission issues

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Ford Motor Co. knowingly launched two low-priced, fuel-efficient cars with defective transmissions and continued selling the troubled Focus and Fiesta despite thousands of complaints and an avalanche of repairs, a Free Press investigation found.

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The cars, many of which randomly lose power on freeways and have unexpectedly bolted into intersections, were put on sale in 2010-11 as the nation emerged from the Great Recession. At least 1.5 million remain on the road and continue to torment their owners — and Ford.