• Moody’s bumps GM to investment grade

    September 24, 2013
    General Motors’ stock got a major boost this week to go along with the company’s growing sales as Moody’s Investors Service bumped its rating of the automaker’s stock to investment grade.


    Moody’s announced on Monday that it has moved GM’s stock from Ba1 to Baa3 – the investment firm’s lowest investment grade. GM’s stock hasn’t been listed as investment grade since 2005.

    “Good things happen when you build great cars and trucks and deliver strong financial results,” GM CEO Dan Akerson said in a statement. “Today’s news from Moody’s further underscores that this is exactly what we are doing today.”


    Moody’s cited GM’s “steadily improving operational and financial trajectory” for its improved rating of the stock.


    “We think that the disciplines the company has embraced, combined with the strength of its U.S. product portfolio and a healthy domestic market, will enable it to stay on that path,” Bruce Clark, a senior vice president at Moody’s, said, according to Automotive News.


    The news follows GM’s announcement that it has agreed to buy back 120 million shares from the UAW’s retiree health care fund. That move will cost GM an estimated $3.2 billion.

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  • First Drive: 2014 Jeep Cherokee [Review]

    September 24, 2013
    How the automotive landscape has changed in recent years. One by one, the sacred cows have been tipped over, toppled by the invisible hands of company growth targets, increasing efficiency standards and shifting consumer preferences.


    We now live in a world with an automatic-only Porsche 911 GT3, a BMW 3-Series bereft of sublime steering and a Jeep Cherokee that looks nothing like the crate it was shipped in.

    Of course, change isn’t always a bad thing, especially in the case of the Cherokee. Had Jeep decided to favor stylistic evolution instead of revolution, the brand might not have been able to liberate its new model from the memory of its lackluster Jeep Liberty predecessor. And that would have been a pity, because the new Cherokee is a major step forward that stands with the best the compact crossover segment has to offer.


    Beauty is in the eye of the beholder

    French philosopher Albert Camus wrote that “to breathe is to judge,” and it’s certainly difficult for anyone with a pulse not to have an opinion about the Cherokee’s sheetmetal. Eschewing the boxy lines of the Liberty and the much-beloved “XJ” Cherokee, it adopts a menacing face marked by an unusual triple-level light treatment and a deep crease than runs all the way from the seven-slot grille onto the rear liftgate.


    Whatever your take on the polarizing new look, it certainly demands attention and achieves the vital task of setting the Cherokee apart in one of the market’s most crowded and viscously competitive segments.


    Beneath the flashy duds, there’s genuine substance to go along with the style. A version of the Fiat-derived, FWD-based Compact U.S. Wide architecture that forms the basis of the Dodge Dart provides the Cherokee with a lighter, stronger and more dynamically-gifted foundation than its forbears, which also relied on unibody (albeit RWD-based) underpinnings.


    Forget all about the Liberty’s primitive interior design and Rubbermaid furnishings – with an attractive layout, ample tech goodies and generous swaths of premium materials, the Cherokee’s cabin is in the running for best-in-class honors. Soft-touch panels on the dashboard and doors set the tone, with details like convincing faux-metal trim and stitched accents providing pleasing garnishments.


    Looking to add a few reminders of Jeep’s heritage to contrast with the wild exterior, designers say they shaped the trim around the central air vents and infotainment screen to resemble the front end of the original Willys (a stretch?), included Willys as reference cars for the parking assist system’s display, and also hid a depiction of the Hell’s Revenge trail in Moab, Utah, as an “Easter egg” in the interior plastic.


    Vehicle info is relayed through an available seven-inch screen in the instrument cluster, and Chrysler’s excellent Uconnect Access infotainment system with its attendant 8.4-inch touchscreen is optional. An impressively extensive range of other safety and convenience features can also be spec’d, including heated/ventilated front seats, adaptive cruise control, forward collision warning, lane departure warning, blind spot monitoring with cross traffic assist, and automated parallel and perpendicular parking systems.


    Go wild with the options, and the Cherokee can approach the $40,000 mark in range-topping Limited trim, although you don’t need to spend that much to get a nicely-equipped example – the volume-selling Latitude starts at $24,495 and comes standard with 17-inch alloy wheels, 10 airbags, a 5.0-inch touchscreen, leather-wrapped steering wheel and shifter, Bluetooth and a household-style 115-volt power outlet.


    Really our only serious gripe with the interior stems from a relative lack of cargo capacity. Jeep markets the Cherokee as a mid-size crossover, and that’s certainly true with respect to the exterior, which stretches about four inches longer than rivals like the Honda CR-V and Ford Escape. It’s a different story inside, though, with the Cherokee offering only about 55 cubic of stowage space with the rear seats folded; the Escape and CR-V can haul around 70 cubes. Still, it’s worth noting that there’s ample real estate for the rearmost passengers, and the 2nd-row seats feature six inches of fore/aft adjustability to prioritize people or cargo space as needed.


    Engine toom

    The first nine-speed automatic transmission to hit the U.S. market helps the Cherokee to extract maximum mpgs from the buyer’s choice of two engines, neither of which includes the old Cherokee’s venerable 4.0-liter straight-six.


    The standard mill is a 2.4-liter “Tigershark” four-cylinder with 184 horsepower and 171 lb-ft of torque, which is rated at 22/31 mpg in FWD form. More power can be had by spec’ing the optional V6, a rarity in a time when most rivals have switched to turbocharged four-bangers or abandoned upgrade engines altogether. Essentially Chrysler’s familiar 3.6-liter Pentastar V6 with reduced bore, the 3.2-liter mill sends 271 horsepower and 239 lb-ft of torque to the front wheels while returning 19/28 mpg. Towing capacity maxes out at 4,500 lbs. for properly equipped Pentastar models.


    This being a Jeep, three different four-wheel-drive systems are available, all of which feature a trick rear-axle disconnect feature to reduce fuel consumption when real 4×4 capability isn’t required. Most buyers will opt for the fully automatic, AWD-like Active Drive I setup, which features a single power takeoff unit and is intended mainly to provide extra traction in inclement weather. Active Drive II adds a second PTU, low-range gearing and four different traction/stability control modes: Auto, Snow, Sport and Sand/Mud. Finally, Active Drive Lock brings a locking rear differential and an additional Rock mode.


    The latter system is offered only on the off-roading-focused Trailhawk trim, where it is standard. Other items unique to the $29,495 Trailhawk include shortened bumpers front and rear that afford increased approach and departure angles, elevated ground clearance (8.6 inches), skid plates, red tow hooks, unique trim inside and out, and Jeep’s “Trail-Rated” designation.


    On – and off – the road

    Get behind the wheel, and the Cherokee’s car roots are immediately apparent. Though not quite a sports sedan on stilts, it does drive better than many of its peers – body motions are well-controlled, the steering is precise (if largely feedback-free), and brake feel is more than respectable. Things only get better in Sport mode, which livens the steering, heightens throttle response and alters shift points.


    We spent the majority of our time with the Pentastar, which provided ample power and went about its business with a minimum of fuss. Also unobtrusive was the nine-speed, which quickly allayed our concerns about excessive gear hunting by smoothly and consistently grabbing the right cog for the situation.


    Despite the transmission’s best efforts, the four-cylinder felt slightly overmatched, especially when saddled with four-wheel-drive. That’s likely a result of the Cherokee’s mass, which is several hundred pounds weightier than most of the competition.

    Off the beaten path, the Trailhawk proved itself more than capable, clawing its way through deep ruts and over vertiginous inclines of sand and rock. Unsurprisingly, it can’t match the Wrangler’s off-roading chops, but it’s especially user-friendly due to a novel Selec-Speed control system that maintains a speed of 0.6 mph in 1st gear and can be hastened in 0.6 mph increments through the other eight gears. Select the gear for the speed you want, and the setup will maintain that velocity up and down hills and over obstacles.


    Leftlane’s bottom line

    It doesn’t hold with tradition, this Cherokee, and for the most part it’s better for it.


    While its styling can be (and most likely will be) debated endlessly, it’s hard to argue with the crossover’s handsome interior, impressive technology and poise on – as well as beyond – the pavement.


    2014 Jeep Cherokee base price range, $23,990 to $30,490.


    Photos by Nat Shirley.

  • Chrysler suspends shift at Jeep Cherokee plant

    September 24, 2013
    In a rare move, Chrysler has scrapped a second shift that was recently added at its Toledo Assembly Complex to build the all-new Jeep Cherokee.


    Chrysler added a second shift to its Toledo production facility in late August to boost production of the 2014 Cherokee, but earlier on Tuesday the Auburn Hills-based automaker confirmed that it has suspended that addition work shift. The unprecedented move has left 500 people without work and another 600 reassigned at the Toledo Assembly Complex.

    “We have been producing vehicles since the end of June and have now built the critical number of vehicles we need to stock dealerships once containment is released,” Chrysler spokeswoman Jodi Tinson wrote in a statement to Automotive News.


    “We will temporarily idle the second shift so as not to put additional strain on our logistics partners to get these vehicles into the hands of customers as quickly and efficiently as possible upon release.”


    Chrysler previously stated that it would begin selling the new Cherokee “in volume” during the third quarter, but so far not a single example of the utility vehicle has been shipped to dealers. Chrysler has mostly kept quiet on the subject, saying only that the Cherokee required a software fix.


    In addition to its market delay, Chrysler was also forced to postpone the Cherokee’s media drive. Chrysler said it pushed back the event to “further improve powertrain calibration.” The Cherokee is the first vehicle to launch with Chrysler’s nine-speed automatic gearbox.


    Chrysler says it will begin shipping the Cherokee by next week.

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  • Bentley to launch four-door coupe in 2018?

    September 24, 2013
    A new report finds Bentley is preparing to add a four-door coupe to its lineup in order to take on the next generation of the Mercedes-Benz CLS63 AMG and the BMW M6 Gran Coupe.  The yet-unnamed Bentley is scheduled to reach showrooms around the world in 2018.


    Designed to slot at the very bottom of the Bentley lineup as an entry-level offering, the four-door coupe will ride on the MSB platform that will also underpin the next generation of the Porsche Panamera.  It will stretch about 188 inches long and its exterior design will be inspired by Bentley’s upcoming design language.  

    Under the hood, the Baby Bentley will pack six- and eight-cylinder gasoline-burning engines and it might come equipped with the British firm’s first-ever turbodiesel in order to boost sales in Europe.  Both rear- and all-wheel drive models will be offered.


    Bentley is keeping mum about the car, but rumors indicate it will cost between €125,000 and €150,000 (roughly $170,000 and $200,000) when it goes on sale in Europe.  The firm expects to sell about 4,500 examples a year, a figure that would make the four-door coupe Bentley’s highest-volume model.  


    If the rumor proves true, Bentley’s first four-door coupe will be previewed by a thinly-veiled concept that will bow at a major trade show in 2015 at the earliest.  <![CDATA[
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  • Lamborghini’s Gallardo-replacing Cabrera hits the ‘Ring

    September 24, 2013
    Lamborghini’s Gallardo successor has has been spotted undergoing its first round of shakedown testing on Germany’s Nurburgring. Believed to be called the Cabrera, Lamborghini’s latest supercar will likely bow sometime next year as a 2015 model.


    The Cabrera remains covered by camouflage, but it’s clear that Lamborghini’s entry-level model will borrow styling cues from the company’s Aventador flagship. The Cabrera will also adopt the Aventador’s use of lightweight composites – such as carbon fiber and aluminum – which should result in a significant weight loss compared to the outgoing Gallardo.

    Up front the “eyes” of the bull are exposed, revealing that the Cabrera will adopt the same style of LED daytime running lights as the Aventador.  Two large are inlets are also visible in the lower section of the front bumper.


    Heavy camouflage masks most of the Cabrera’s other design details, but air vents just aft of the front doors and quad exhaust outlets will be part of the package. 


    The Cabrera will retain the Gallardo’s V10 engine, but power should increase to 600 horsepower. The Cabrera will be offered exclusively with an automatic transmission.


    Carbon ceramic discs can be seen peeking out from behind the Cabrera’s multi-spoke wheels, indicating the stopping tech will at least be on the car’s option list, if not standard.


    Look for the Lamborghini Cabrera to make its auto show debut sometime in 2014.

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