Posts tagged with "general motors"

Tesla Illustration by Alex Bogdan for use by 360 Magazine

Tesla’s Record High R&D

Tesla spends more on research and development (R&D) than any other automaker.  According to data presented by StockApps, the firm spends $2,984 on R&D per car produced. That’s thrice the industry average and higher than the collective R&D budgets of Ford, General Motors (GM), and Chrysler per car.

Commenting on the report, StockApp’s Edith Reads had this to say.” Tesla spends more than any other carmaker on R&D in order to maintain its lead in EV technology. And if you ask them about it, they’ll tell you this is the key to keeping their customers happy—which is what keeps them in business.”

Tesla’s investment in R&D is paying off

Its vehicles are not only making strides in environmentalism, they’re also safe, fast, and excellent at technology integration. Elon Musk‘s commitment to spending time developing new products and services is what makes Tesla successful.

Tesla is famous for its ambitious production goals. So if anyone is going to invest in making those dreams a reality, it’s them. And you can see why: while most carmakers focus on marketing themselves as a brand first and foremost, Tesla is focusing on making every car a piece of innovative engineering.

No Advertising Spending

Further, Tesla’s spending proves they are future-focused, unlike other manufacturers. While Tesla spends $0 on advertising per car, the industry average is $485. This further illustrates that consumers want to buy vehicles for their functionality and rely on testimonials for brand awareness rather than beautifully crafted commercials.

The company’s lack of an advertising budget is even more impressive than its R&D spending. Tesla’s unique business model becomes clear when we consider what its competition spends per vehicle on advertising. Ford and Toyota spend $468 and $454 per car respectively. 

Despite not spending anything on advertising, Tesla is technically a marketing magnet. That’s why it is one of the world’s fastest-growing brands. The firm dominates the press and social media engagements. Most of that comes from widely popular Elon Musk.

image from Ben Lewis for use by 360 Magazine

ASTON MARTIN VALKYRIE DECLARED MICHELIN’S SHOWSTOPPER

  • The Aston Martin Valkyrie hypercar was voted winner of the illustrious Michelin Supercar Paddock Showstopper of the Festival at FOS
  • The all-electric Rimac Nevera hypercar and the bespoke Glickenhaus SCG 004S road car were runners up
  • Showstopper Award judges Jodie Kidd, Frank Stephenson, Mr JWW and Mike Fernie commended the Valkyrie’s design and pursuit of function over form, making it an instant winner
  • The Michelin Supercar Paddock stage saw a host of special guests and celebrities including Jenson Button, Olly Gavin, James Glickenhaus, Marek Reichman, Paul Swift, Colin Turkington, Darren Turner, Andy Wallace, Oli Webb and Matt Windle
  • Bugatti Chiron Pur Sport, Corvette C8, Koenigsegg Regera, Ford Mach-E 1400, Ferrari SF90 and the all-new Lotus Emira were among the star cars on the Paddock stage

The all-new Aston Martin Valkyrie hypercar has been declared the Michelin Supercar Paddock Showstopper of the Festival at this year’s Goodwood Festival of Speed.

The Michelin Supercar Paddock Showstopper award was presented to Darren Turner, Marek Reichman and the Aston Martin Valkyrie team by judges Jodie Kidd, legendary designer Frank Stephenson, Mr JWW and DriveTribe’s Mike Fernie.

Chosen for its pursuit of function over form, the judges were impressed with the hypercar’s impeccable road-going credentials, as well as its striking aerodynamic design and mind-blowing performance.

The Aston Martin Valkyrie made its global dynamic debut at Goodwood Festival of Speed and is the first hypercar the legendary British marque has ever produced. The name of the car intentionally evokes images of an otherworldly power, and its performance lives up to that billing. Featuring a huge 6.5-litre V12 hybrid engine capable of delivering 1160 horsepower in a car which is exceptionally lightweight—its 100% carbon fibre chassis and body weigh just over 1,000 kilograms—helping it achieve better than a 1:1 power to weight ratio.

The hypercar takes design and engineering cues from Formula One racing, thanks to collaborative input from Red Bull Racing’s legendary design guru Adrian Newey. The aerodynamics around the car were designed to give F1 standard of performance, downforce and handling. Capable of reaching 0-62mph in a blistering 2.5 seconds, the Valkyrie has an astonishing top speed in excess of 250mph.

The Glickenhaus 004S and the Rimac Nevera were runners up of the Michelin Supercar Paddock Showstopper Award.

Owner Dr. Cecilia Muldoon drove the Glickenhaus SCG 0004S for the first time on the Goodwood Hillclimb and came straight to the Paddock stage to showcase the unique and wonderful supercar. With a supercharged V8 delivering 650bhp, the three-seater with a central driving position and includes some amenities rare in the world of track cars, including air conditioning, Bluetooth speakers and a backup camera.

On the Michelin Supercar Paddock Stage James Glickenhaus described the car as “a road car born on the track.” Judges were extremely impressed with the car’s bespoke design, both inside and out, coupled with the vehicle’s performance and rarity. They felt it was unique and worthy of being a Showstopper finalist.

The judges were also blown away by the outstanding all-electric Rimac Nevera. The Croatian hypercar was a runner up for the award. It produces a staggering 1914 horsepower and can accelerate from 0 to 100 kph in 1.97 seconds, and from 0 to 300 kph in 9.3 seconds. Each of the Nevera’s wheels are driven by their own electric motor, and each wheel’s torque is automatically adjusted for improved handling.

Other automotive highlights from the Michelin live stage include, Lotus (Emira), Bugatti (Pur Sport), Ferrari (SF90), Porsche (GT3), Zenvo (TSR-S), Callum Design (Vanquish 25), Ford (Mach-E 1400), Corvette (C8), Mini (ePacesetter), BMW (2 Series), Mission H24 (LMPH2G), Koenigsegg (Regera), Everrati (964), The Little Car Company (Baby Bugatti).

Working alongside General Motors for the debut of the all-new RHD Chevrolet Corvette Stingray, Michelin had five-time 24 Hours of Le Mans winner and Corvette Ambassador, Oliver Gavin, on the live stage to reveal the model ahead of its first-ever run up the hill. The Supercar Paddock also saw a number of guest appearances talking to presenters Vicki Butler-Henderson and Tim Harvey, including Jenson Button, Oli Webb, Andy Wallace, James Pickford, Colin Turkington, Paul O’Neill, Darren Turner, Caffeine & Machine’s Phil McGovern and Dan Macken, Charlie Cooper, Richard Westbrook, Paul Swift, Mazin and Nabil Naamo, Zach and Raziz.

illustration by Samantha Miduri for use by 360 Magazine

MANN+HUMMEL Named GM Supplier of the Year

MANN+HUMMEL was named a GM Supplier of the Year winner in General Motors’ 29th annual Supplier of the Year awards.

GM recognized 122 of its best suppliers from 16 countries for performance in the 2020 calendar year. The annual awards highlight global suppliers that distinguish themselves by exceeding GM’s requirements, in turn providing GM customers with innovative technologies and among the highest quality in the automotive industry.

This is the 26th time MANN+HUMMEL has received the award.

“As GM works to achieve a future with zero crashes, zero emissions, and zero congestion, we are proud to have innovative and dedicated suppliers around the world as partners in this mission,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

“Throughout a challenging year, our suppliers have shown resilience and dedication in working toward our shared goal of long-term sustainability for our planet and the communities we serve, while meeting our present needs,” Amin said. “We are pleased with what we’ve accomplished together in the past year and we are excited by the opportunity that lies ahead.”

The 2020 Supplier of the Year winners were selected by a global team of GM purchasing, engineering, quality, manufacturing, and logistics leaders. Winners were chosen based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.

“I could not be prouder of our global team for again earning this very important recognition from General Motors for 2020. Especially during an extremely challenging year for our entire industry, our team remained focused on doing what was needed to support our customer General Motors,” said Mike Ternes, Vice President OE Americas MANN+HUMMEL.

“With this being our 26th time receiving this award it proves that MANN+HUMMEL delivers high performance across our business year after year. It also shows the special and long-term relationship we have with General Motors,” said Harald Späth, President and General Manager Original Equipment MANN+HUMMEL.

Tesla Illustration by Alex Bogdan for use by 360 Magazine

Tesla Outperformed Rival Stocks

Tesla is among the notable growth stocks that have recorded significant returns for investors. Despite the electric vehicle manufacturer’s stock slumping in 2021, it has maintained an edge over competitors.

According to data acquired by Finbold, Tesla stock registered an ROI of 224.93% between June 2021 and June 2020, outperforming some of its major competitors. Among the selected vehicle manufacturers, Tesla only trailed China-based NIO, which had almost double returns at 539.13%. Ford Motor ranks third with returns of 152.28%, followed by General Motors at 141.08%, while Volkswagen AG ranks fifth at 116.62%.

Other stocks with key returns include XPeng (75.47%), Oshkosh (74.08%), Navistar (60.29%), Toyota  42.19%), and Honda (25.22%)

Between the period, Tesla also maintained a superior stock price growing from $191.95 in 2020 to $623.71 in 2021. Elsewhere, last year, NIO’s stock price was at $6.9, while in June 2021, the stock stood at $44.1.

Tesla benefiting from green energy debate 

Having established its position as a  leader in electric vehicle manufacturing, Tesla stock benefitted from some of the initiatives around environmental conservation. According to the research report:

“In the wake of a new focus towards the climate change agenda, Tesla has been at the center of attention, with more investors betting on the company. Some jurisdictions are also enacting legislation favouring consumers opting for electric vehicles, and as a leader in the sector, Tesla stands to gain.”

Based on the Tesla returns, it is clear the massive gains made in 2020 were enough to sustain profitability for investors despite the stock slumping in 2021. The growth was mainly guided by fundamental factors like greater retail investor interest in the stock and the inclusion of the S&P 500 index. To increase recession profits, check out this step by step guide that aims to help anyone achieve wealth and expand profits at any time, even during and after economic recessions.

However, for Tesla to remain with the upper hand, the company needs to look out for competition.

Read the full story with statistics here.

Cybertruck illustration by Heather Skovlund for 360 Magazine

Cybertruck × Tesla

Cybertruck hits 1 million pre-orders milestone exceeding Tesla’s last 2 years deliveries

Despite being a new entrant in Tesla’s electric vehicle models, the Cybertruck continues to attract more interest from potential buyers. The market enthusiasm surrounding the model has resulted in a pre-order milestone beating other Tesla vehicle delivery in recent years.

According to data acquired by Finbold, as of May 25, 2021, the estimated Cybertruck reservations were 1.08 million. The figure is more than the 866,750 total vehicles delivered by Tesla in two years between 2019 and 2020.

Last year, the electric vehicle manufacturer delivered 499,550 vehicles, while in 2019, the figure stood at 367,200. Furthermore, Tesla has recorded a steady annual increase in vehicle deliveries, with the figure surging 558.2% between 2016 and 2020. In 2016, 2017 and 2019 the delivered stood at 75,890, 103,020 and 244,920 respectively.

Small reservation fee potentially driving Cybertruck demand 

The report explains some of the driving factors in record Cybertruck reservations alongside the potential impact on deliveries. According to the research report:

“The massive interest in the Cybertruck also reflects the conditions set by Tesla for reserving the vehicle since customers need to deposit a refundable $100. The amount is affordable, but analysts have remained skeptical about the reservation numbers getting converted into deliveries. In the end, Tesla fans can take the money from their bank account, reserve the Cybertruck and get a refund later.”

Despite Tesla recording impressive Cybertruck pre-orders, the company still faces competition from other players who are ramping up their products for the electric truck niche. For example, both General Motors and Ford have announced their entry into the market.

Read the full story with statistics here

CES 2021: The Latest in Innovation

CES, the Consumer Electrionics Show, convened digitally this year. This is the first time that CES has ever been conducted fully virtually due to the ongoing Coronavirus pandemic. The event produced and owned by the Consumer Technology Association (CTA) featured technology related to Digital Health, Smart Cities, Immersive Entertainment, Lifestyle, 5G and Internet of Things (IOT), Artificial Intelligence, Automotive, Startups, Tech Enabling the New Normal, and more. Some notable brands who participated in the conference portion of the event include Sony, GM, Intel, Audi, Panasonic, Samsung, and Mercedes-Benz. Despite the virtual interface, the overall reception of this year’s event was positive.

More than 500 companies participated in the exhibition event, though some garnered more social media buzz than others. According to analytics from Talkwalker, a social listening and analytics company, Samsung had 11 thousand social media mentions related to the event. This was aided by the ever present social media monster that is the BTS army who blew up this tweet before the event had even started. Some other products that generated a lot of buzz are Razer’s N95 facemask with gaming lighting and over this Keurig-but-it’s-ice-cream contraption.

The next CES show will be January 5-8, 2022.

Community Service via 360 Magazine for use by 360 Magazine

Twist Out Cancer

Twist Out Cancer will host its Brushes With Cancer program Sept. 25.

The program will be held in Warren, Michigan, at GM‘s Design Center and will kick off with a virtual art exhibition. Brushes With Cancer takes cancer survivors, battlers and caretakers and pairs them with artists who are able to depict the struggles, emotionally and physically, faced by those with cancer.

For the 2020 event, all 25 people affected by cancer and all 23 artists are employed by GM Design, and their story-inspired art will be on display virtually.

After the event, the art will remain on display until Oct. 30 and will then be auctioned off to the highest bidder with proceeds going right back to Twist Out Cancer to provide psychosocial support to those in a face-to-face fight with cancer.

Jenna Benn Shersher, the CEO of Twist Out Cancer, said 2019’s event was a smash success and that Twist Out Cancer was honored to be working with GM Design for the 2020 program.

“We have worked hand-in-hand with employees at GM Design during this unprecedented time to continue our program virtually, which is offering our Inspirations and Artists the same transformational experience our participants have come to expect over the past eight years,” Shersher said. “As Twist Out Cancer has grown, we continue to bring our impactful programming to new cities and new audiences around the world and are thrilled with the start of this new program.”

Virtual events will also be held in Austin Oct. 25 and in Chicago Nov. 14. Twist Out Cancer also encourages anyone to bring an event to their hometown by contacting Amelia Hanrahan at amelia@twistoutcancer.org.

To purchase tickets for the event on Sept. 25, you can click right here.

MANN+HUMMEL Named GM Supplier of the Year

MANN+HUMMEL was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020.

During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year.

This is the 25th time MANN+HUMMEL has received the award.

“Our suppliers play a key role in delivering the products, services and experiences our customers deserve – and these award-winning suppliers went above and beyond our expectations,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

“We also believe it’s important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19,” added Amin. “Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe.”

The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.

“Our entire global organization is once again proud to receive this recognition from General Motors. This is the 25th time MANN+HUMMEL has received this award, which is more than any other supplier. It’s proof that we work consistently and globally to align with our customers’ values and targets.  We remain committed to doing our part in helping General Motors being successful as one of the leaders in the automotive industry,” said Harald Späth, President and General Manager Original Equipment.

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Chris Walker × Hot Wheels

Hot Wheels hosted the first-ever Hot Wheels Legends Tour Virtual Stop, bringing together the most unique custom-builds from around the country to compete for a chance to be turned into an iconic Hot Wheels die-cast.
 
As of late, a team of judges including Hot Wheels designers, Hoonigan auto experts and top motorsports athlete Colette Davis crowned Chris Walker from North Branch, Minnesota with his 1959 Chevrolet El Camino the winner of the first-ever Hot Wheels Legends Tour Virtual Stop. Chris and his custom build will join finalists from Legends stops around the country at SEMA Auto Show where one winner will be selected to become the next Hot Wheels 1:64 scale die-cast.

Chris built this car in his garage in just 60 days, before debuting it at the Las Vegas RatCity Ruckus Show. Nicknamed the “Hulk-Camino,” the car is made from all ’59 El Camino sheet metal and is powered by a small-block Chevrolet engine. There is a 700R4 Monster Transmission in the vehicle, with independent front suspension and coil over shocks. With American racing wheels and Mickey Thompson tires – the ‘59 El Camino is a true life-sized Hot Wheels! 

Mattel, general motors, 360 MAGAZINE, hot wheels

HOT WHEELS LEGENDS TOUR

Hot Wheels announced the Hot Wheels Legends Tour is back for the third year and on the hunt for the next life-size custom car worthy of becoming a Hot Wheels die-cast toy. The world’s largest traveling car show will kick off in Miami on March 7 and make 18 stops at Walmart parking lots across the country looking for cars that embody Hot Wheels’ high standards of performance and design.

“After stopping in more than 20 different cities and seeing almost 10,000 custom builds over the last two years, we’ve been blown away by our fans’ talent and serious passion for cars,” said Ted Wu, Head of Hot Wheels Design, Mattel. “The Legends Tour brings together every aspect of car culture embodied by the Hot Wheels brand, and we’re excited to take it to the next level in an even bigger and better way in 2020.”

In 2019, Hot Wheels Legends tour brought together more than 90,000 fans and over 5,000 custom cars from across the United States, Mexico and Germany, with deep rooted ties to car culture across the globe. Continuing in Hot Wheels true challenger spirit, the third annual tour will expand to stops in new cities like Boston and Milwaukee, giving fans even more chances to compete to see their custom car become an iconic 1:64 die-cast toy vehicle.

At each stop, fans will have the chance to show off their unique custom builds from open-wheeled jet-inspired rides like the 2018 tour winning 2JetZ, to classic coupes like The Nash, which won in 2019. Hot Wheels designers and automotive influencers will select one finalist from each stop based on the criteria of authenticity, creativity and garage spirit. At the end of the tour, all 18 finalists will win a trip to the 2020 SEMA Show in Las Vegas, where they will be judged side-by-side to determine the grand prize winner that will become the next Hot Wheels die-cast toy. New for 2020, Mobil 1 will also be providing one additional spot for a vehicle to be featured in the final competition at SEMA, through a fan favorite contest to give the runners up from each local stop at second chance at being immortalized into the Hot Wheels Garage of Legends. 

The 18 stops on this year’s tour will feature even more fun for the family with on-site experiences with partners Walmart, Dickies, A&W Root Beer, American Honda, Dynacraft Wheels and title sponsor Mobil 1. On tour for the first time this year will be Mobil 1’s new Cupid build, a custom truck that aims to inspire the next generation to celebrate car culture. Hot Wheels traveling vending machine truck will also be cruising to Walmart stores across the country between the stops so even more fans can get their own Hot Wheels die-casts.

“The Mobil 1 brand is proud to again support the Hot Wheels Legends Tour,” said Ryan Allen, Retail Marketing, ExxonMobil. “We’re looking forward to continuing our partnership with Hot Wheels to bring family-oriented, exceptional experience to fans. This year, Mobil 1 is going bigger and better by bringing the Fan Favorite to the tour, which will give fans around the world a chance to vote on their favorite car at each of the stops. We can’t wait to see what car fans love best.”

The Legends Tour will stop at Walmart stores in the following cities: Miami (March 7), Tampa (March 21), Atlanta (April 4), Houston (April 18), Dallas (April 25), St. Louis (May 30), Northwest Arkansas (June 6), Boston (June 20), Detroit (July 11), Milwaukee (July 25), Denver (August 8), Salt Lake City (August 15), Portland (August 29), San Jose (September 12), Los Angeles (September 26), San Diego (October 10), Phoenix (October 17). The tour will also make a special stop at Hot Wheels headquarters in El Segundo, Calif. on May 16 to celebrate the brand’s 52nd birthday including new surprises from our partners.

“We celebrated the highly successful 2019 Hot Wheels Legends Tour by taking a one-of-a-kind 1972 HondaN600 with a motorcycle engine to SEMA, so we look forward to what the 2020 Legends Tour might bring,” said Bruce Garfield, Licensing and Brand Manager at American Honda Motor Co., Inc. “Honda and Mattel have enjoyed a long, successful relationship and we look forward to what the future holds for our fans and the tuner community.”

Conceived in 1968 by an innovator, a rocket scientist and a car designer, Hot Wheels 1:64 scale die-cast cars were designed to look awesome and perform. Five decades later, Hot Wheels is the number one selling toy in the world* with more than 16.5 cars sold every second. The brand has evolved from a simple, yet beloved, toy car with orange track system into a global franchise powerhouse that offers fans of all ages multi-channel play experiences.

To learn more about how the Hot Wheels Legends Tour visit www.HotWheels.comand follow #HotWheelsLegendsTour. To check out the Hot Wheels Garage of Legends visit www.HotWheels.com/GarageofLegends

About Mattel

Mattel (NASDAQ: MAT) is a leading global children’s entertainment company that specializes in design and production of quality toys and consumer products. We create innovative products and experiences that inspire, entertain and develop children through play. We engage consumers through our portfolio of iconic franchises, including Barbie®, Hot Wheels®, American Girl®, Fisher-Price®, Thomas & Friends® and Mega®, as well as other popular brands that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music and live events. We operate in 40 locations and sell products in more than 150 countries in collaboration with the world’s leading retail and technology companies. Since its founding in 1945, Mattel is proud to be a trusted partner in exploring the wonder of childhood and empowering kids to reach their full potential. Visit us online at www.mattel.com.