Tag Archives: Environment

What Chip Shortage? Tesla Posts Strong Q2 Sales Results

2021 Tesla Model Y blue
Tesla raised the price on its Model Y Long Range by $10,000 due, in part, to supplier issues.

As many automakers struggle to find semiconductor chips for their high tech vehicles, Tesla Inc. clearly has the issue taken care of as its second-quarter sales pass the 200,000-unit mark.

“In the second quarter, we produced and delivered over 200,000 vehicles,” the company said in a statement. “Our teams have done an outstanding job navigating through global supply chain and logistics challenges.”

For many car companies, the second quarter’s been difficult as it relates to keeping a steady supply of the chips. Tesla did have a short shutdown in February due to the problem, but since then has been churning out vehicles steadily, especially during the most recent quarter.

Tesla delivered more than 200,000 Model 3 and Model Ys during the quarter.

The company produced 204,081 Model 3 or Model Ys last quarter, a massive increased when compared with the year-ago period’s 75,946 vehicles. While pushing out its most popular vehicles — Model Y being the company’s biggest seller — it put the freshened 2021 Model S and Model X on the road during the quarter. It moved

Chip problems

The company did have a production hiccup in the first quarter of last year due to chip problems, but has since not had a problem. CEO Elon Musk said the semiconductor problem was causing some companies to behave impulsively.

“Our biggest challenge is supply chain, especially microcontroller chips. Never seen anything like it,” he tweeted June 2. “Fear of running out is causing every company to overorder — like the toilet paper shortage, but at epic scale. That said, it’s obv not a long-term issue.”

However, it doesn’t mean Tesla hasn’t been part of the sales rush. The Financial Times reported Tesla held discussions with chip makers to pay in advance, including offering deposits on high-volume orders. The company reportedly explored the idea of buying a plant to build its own chips.

Ford Mustang Mach-E GT Beats Original Mileage Estimate

The new GT version of the Ford Mustang Mach-E will deliver substantially better range than the automaker originally estimated — the EPA rating the high-performance package at up to 270 miles per charge.

Ford’s Mustang Mach-E is one amongst a wave of new EV products coming to market.

That’s 20 miles more than what Ford initially claimed for the Mach-E GT. Meanwhile, the Mach-E GT Performance Edition will deliver 260 miles per charge, up from Ford’s original estimate of 235 miles.

“We already pushed the envelope by creating an electric vehicle with the pony badge, so it’s only natural that we push it even further,” said Darren Palmer, Ford’s global director for battery electric vehicles. “Mustang Mach-E GT Performance Edition not only gives you the added performance you expect from the GT name, but accentuates the thrill with the responsiveness of an all-electric powertrain.”

Charging up the market

2021 Mustang Mach-E GT
The 2021 Mustang Mach-E GT gets 270 miles on a full charge, better than the previously expected 250 miles.

The electric “pony car” received something of a mixed response when Ford first unveiled it in November 2019 at the Los Angeles Auto Show. Some traditional fans lamented the idea of going electric, others disturbed to see an SUV wearing the familiar Mustang badge. But since the base and mid-range models went on sale late last year, the Mustang Mach-E has scored a solid hit. It has taken market share away from Tesla and helped power the 95% jump in overall U.S. sales of plug-based vehicles during the first four months of 2021.

Several factors have played out for Ford. Despite the concern of traditionalists, the crossover design comes at a time when SUVs have come to dominate the American market. And the initial models have come in with some of the best range numbers of any new battery-electric models. Depending upon the trim level and battery pack, the original front- and all-wheel drive Mach-E models delivered EPA numbers of 211 to 305 miles per charge.

The 2021 Ford Mustang Mach-E GT Performance Edition is expected to arrive sometime this fall.

The new GT models don’t quite match what the Tesla Model Y Performance model delivers, at 303 miles, but they remain contenders in the emerging electric muscle car segment.

The “standard” GT, meanwhile, punches out 480 horsepower and 600 pound-feet of torque. The Performance Edition bumps the torque number up to 634 lb-ft, enough, Ford says, to launch from 0 to 60 in 3.5 seconds. The special edition gets some additional help from stock Pirelli summer tires, the stock GT coming with all-season rubber.

Going head-to-head with Tesla

That’s about the same as the Tesla crossover with its performance package making 456 hp and 497 lb-ft of torque. Preliminary reviews have also faulted some aspects of the Tesla crossover’s handling. Initial reviews of the Mustang GT and GT Performance Edition are not yet available.

Ford has been taking advance orders for the Mustang Mach-E GT. It said Wednesday it will now take orders for the Performance Edition — and let those with existing orders upgrade.

The GT will start at $61,000, the Performance Edition at $66,000. Those figures don’t factor in the current $7,500 in federal tax credits, nor do they include delivery fees and taxes.

Deliveries are expected to begin this autumn.

Fisker, Magna Complete EV Deal

With a new wave of electric vehicles moving closer to launch pads, Fisker announced it signed a binding agreement with Magna International Inc. to build a new EV for distribution in Europe and North America. 

Henrik Fisker said his company and Magna aligned very quickly when it came to the Ocean.

This finalizes the memorandum of understanding the two agreed to last October

Fisker and Magna, one of the world’s largest automotive suppliers, also confirmed production of the all-electric Fisker Ocean SUV is slated to begin Nov. 17, 2022, keeping it on the original timeline for deliveries in late 2022. Production is expected to jump to 50,000 units in 2023.

The new vehicle will be built at Magna’s facility in Graz, Austria. The factory has produced more than 3.7 million vehicles for several global automakers, such as BMW and Jeep, throughout the years. The finalized agreement gives the EV maker a partner with deep pockets as it launches its EV venture. 

“From the start of this partnership, Fisker and Magna aligned very quickly on the importance of delivering a high-quality vehicle on time,” said Chairman and CEO Henrik Fisker.  

“We continue to strengthen our partnership beyond platform development and manufacturing into areas such as the development of Fisker Intelligent (FI) Pilot. I am very confident Fisker and Magna will deliver an incredible product to our customers.” 

Broad agreement critical

Magna’s facility in Graz, Austria already builds a variety of vehicles for established automakers.

This agreement runs through the expected lifecycle of the vehicle — 2029 — covering planned volumes, manufacturing costs, quality metrics as well as critical planning and launch phases. It also covers all facility investments, including body shop, a clear path to start-of-production in November 2022 and rapid ramp up to full run-rate production, the two companies said in a statement. 

It also allows for future collaboration and partnerships with the Ocean or other FM29 architecture variants, as well as collaboration on efficiencies in the production process that may drive post-launch manufacturing and cost innovations, the company noted in a release.

Along with the previously signed agreements on electric vehicle (EV) platform sharing and ADAS package, the agreement finalizes the framework established between the two companies beginning in October 2020, the statement added. As part of the deal, Canada-based Magna will take a 6% stake in Fisker. 

“Our complete vehicle systems approach, combining all elements of our portfolio, makes Magna’s proposition highly competitive — in capital efficiency, launch reliability and speed to market,” said Magna Steyr President Frank Klein. “Our collaboration with Fisker is an excellent example demonstrating the unique capabilities Magna offers as the go-to supplier when it comes to delivering world-class technologies and vehicles for our customers.” 

Fisker offers a good hint as to what it plans to bring out by 2025.

Partnership accelerates timeframe, reduces costs

By teaming up with Magna, however, Fisker should be able to better spread out its assets as it won’t have to come up with the money needed to set up a factory to start building the Ocean SUV – a project that Henrik Fisker said should save as much as $1 billion. 

Fisker also will have a ready-made, skateboard-style platform it can use to underpin the Ocean and some of the products scheduled to follow, amounting to more big savings.

The platform Magna has developed is slightly larger and will allow Fisker to make Ocean slightly larger. “So, it allows us to put in a third row and achieve class-leading range” with a larger battery pack than originally planned, said Fisker.The prototype featured an 80 kilowatt-hour lithium-ion pack. Fisker won’t say how much larger the new platform’s pack will be but stressed that it will allow the production version of the Ocean to top the longest-range version of the Tesla Model Y which currently manages 315 miles between charges, according to the EPA.

GM’s Cruise Secures $5 Billion Credit Line to Buy Vehicles

Cruise LLC CEO Dan Ammann announced the company secured a $5 billion credit line to buy the Origin shuttles it needs for its autonomous vehicle services from General Motors in a few years.

GM has already begun building the 100 pre-production Origin shuttles in Detroit.

GM — essentially Cruise’s parent company — will build the Origin’s driverless shuttles at its new Factory Zero plant in Detroit. To close the loop on this deal, the credit line comes from GM Financial, the auto company’s in-house finance arm.

The $5 billion credit line makes it so Cruise “can efficiently finance the expansion of our fleet as we scale up over the next few years,” Ammann wrote in a blog post Tuesday. “This bumps up Cruise’s total war chest to over $10 billion as we enter commercialization.”

Production is already underway as GM’s already built several pre-production models — a total of 100 are coming before they’re set for business.

Next step in the business plan

GM’s Factory Zero in Detroit is readying the first round of shuttles for validation and testing.

Ammann, who was previously president of GM before taking over as CEO at Cruise, noted in the blog entry that he’s excited seeing the first few vehicles already built and to have them begin the validation and testing process.

“Seeing them up close and in person is absolutely thrilling,” he wrote in the post.

The company, which also counts Honda and Microsoft among its investors, recently received the go-ahead to begin testing its self-driving technology in California from the state’s public utilities commission. The company is using Chevrolet Bolt EVs for the testing run. 

To date, Cruise has fielded 300 modified Bolt EVs, logging 2 million miles of testing on public roads. Most are being run near its San Francisco headquarters, though others are operating in Phoenix, another popular test site for autonomous startups, including Waymo.

Cruise’s $5 billion credit line aims to ensure the business can operate efficiently.

Until recently, companies like Cruise, Waymo and others have been allowed to test their autonomous technologies on public roads, but only with a back-up “safety operator” onboard, ready to retake control in an emergency.

Autonomous businesses

The Cruise Origin is expected to be used in a ride-sharing service similar to what Google spinoff Waymo plans to set up. It is unclear whether the GM subsidiary may also sell the Origin or other products to competing ride-share services.

The first production models of the toaster-shaped shuttle are expected to be ready for 2023. The company already set to begin a commercial ride-sharing service in Dubai that same year. 

The Cruise vehicles will use Level 4 technology that expands the range of roads on which they can operate without a driver onboard. The planned Cruise Origin shuttles won’t even have controls like a steering wheel or brake and accelerator pedals. Still, the vehicles will be “geo-fenced,” meaning they can be used only on specific roads and places and under defined conditions. It remains unclear when it will be possible to go the next step, fielding driverless vehicles that will be able to operate on their own, anywhere and at any time.

CEO Tavares Giving 14 Stellantis Brands a Chance to Prove Their Worth

The merger of Fiat Chrysler Automobiles and the PSA Group created an automotive powerhouse now called Stellantis, but it’s also produced a jumble of 14 individual brands. And CEO Carlos Tavares says each of them will have to prove their worth — though he’s giving them time to do so.

Stellantis sign Auburn Hills
Stellantis’ North America offices in Auburn Hills, Michigan, house Chrysler, Dodge and Ram — which may not make the final cut.

Even before the merger there was widespread speculation that some FCA brands might be on the chopping block due to declining sales. But the merger adds a layer of complexity, especially at a time when Stellantis must pick up the pace of its electrification and mobility services programs.

As an executive known for moving quickly, Tavares seems to be in no rush, however. Instead, he appears to be willing to let all 14 of the Stellantis brands lay out plans and prove they’ll work.

Showing the love

“For the time being, we love them all,” the Portugese-born executive said during a webinar sponsored by Automotive News.

“Each (individual brand) CEO has 10 years for which I am telling him or her that he has the funding, the ability to build his long-term business plan and plan for the different product launches and technologies to make the brand grow or rebound and create value for the company.”

Smoke and mirrors won’t help the Dodge brand make the cut in the long term.

Post-merger, Stellantis has more individual automotive brands than any other company, even Volkswagen’s dozen. The list includes a handful of truly global marques, such as Jeep, but most focus on specific markets or regions. Ram is largely limited to the Americas, while Peugeot and Citroen abandoned North America back in the 1990s. Some, like Jeep, have posted dramatic growth in recent years. Others, including both Fiat and Chrysler, are struggling.

A troubled future for two namesakes

In fact, the two namesake Fiat Chrysler marques have been teetering on the edge almost since the day FCA was formed a decade ago. Former CEO Sergio Marchionne had largely shifted focus — and resources — to two Italian brands, Alfa Romeo and Maserati. But the grand plan the late Marchionne laid out has yet to pay off despite billions of dollars spent on new products.

When the FCA-PSA merger plans were announced in 2019 many analysts thought that a retrenchment was inevitable. And they pointed to Tavares, who was designated to become Stellantis CEO, as someone unwilling to tolerate ongoing losses.

2021 Chrysler Pacifica Limited AWD S front
The Pacifica is currently one of only two offerings from the once iconic Chrysler brand.

But the 62-year-old executive has also shown a willingness to give struggling brands a second chance. That became apparent when PSA completed the acquisition of long-struggling Opel-Vauxhall in 2017. The German-based manufacturer had lost billions under the ownership of General Motors during the prior two decades. Yet Opel wound up back in the black within the first year it was run by Tavares.

By the brand

Whether he can pull off a similar turnaround with the other Stellantis brands is far from certain. Fiat and Chrysler are clearly going to be the most trouble, according to analysts. The U.S. marque now offers only two models, the aging 300 sedan and the Pacifica minivan, not much on which to base a brand. Fiat’s U.S. turnaround fell flat and it is barely hanging on there. It’s continued to lose ground in its home European market, as well.

Dodge isn’t in much better shape. It does have a loyal following for its Charger and Challenger muscle cars, as well as the Durango SUV. But it will have to adapt to a world in which electric drivers, rather than supercharged Hellcat V-8s, rule the road.

2021 Jeep Wrangler Rubicon 4xe white climbing
Jeep’s new plug-in hybrid only continues to expand the brand’s global popularity, making it virtually assured of surviving long term.

Alfa and Maserati are still works in progress but have yet to deliver the sort of sales and earnings numbers Marchionne predicted at an FCA investors seminar shortly before his untimely death in July 2018. Both brands are making major changes to their product programs, among other things, increasing focus on electrification.

Only Jeep and Ram, of all the FCA brands, have a strong and clearly identified path laid out for them. But both must also adapt to an electrified future.

Europe has its own issues

The French Stellantis brands appear to be a bit better positioned than their Italian and American counterparts, but Peugeot, Citroen and DS have their own challenges, especially when it comes to entrenching themselves in China, the world’s largest automotive market. And, shortly after the FCA-PSA merger was completed this year, Tavares called off plans to return Peugeot to the American market.

Stellantis instantly became the world’s fourth-largest automaker based on vehicle sales once the deal was completed. But it lags behind its three largest competitors, Volkswagen Group, Toyota and the Renault-Nissan-Mitsubishi Alliance, in some key categories. That includes not only a weak presence in China, but also a slow push into both battery and autonomous vehicle technologies.

It appears that Tavares is looking to give each Stellantis brand enough time to define the path forward, rather than racing to cut them out of the family.

Q&A: Green Car Pioneer Ron Cogan Offers Sage Insights

Green Car Journal Publisher Ron Cogan at the 2020 Green Car Awards. He’s been covering the shift to environmentally friendly vehicles for three decades.

The automobile has transformed we live, work and play. Unfortunately, it’s also had a seriously detrimental impact on Planet Earth. And now, as it becomes more crucial to address issues like climate change, the automobile is in the crosshairs.

That’s a message many have come to just lately. Not Ron Cogan. The veteran automotive journalist was among the first to recognize the need to clean up the car, in 1992 launching Green Car Journal. Where some have focused exclusively on electrified vehicles, pure battery-electric models, in particular, Cogan and his magazine have looked at all the various green car technologies that have come — and, in many cases, gone — during the past three decades.

The latest issue of Green Car Journal focuses specifically on battery-electric vehicles. But, as is Cogan’s style, it takes a pragmatic, even somewhat skeptical, look at this potentially game-changing technology, recognizing there are still many challenges to be overcome before BEVs can clearly replace the time-tested internal combustion engine.

Cogan spoke to TheDetroitBureau.com about his years covering the green car world and what he sees coming in the years ahead.

Cogan’s enjoyed a front-row seat, watching and writing about the shift from ICE-powered vehicles to electrified models in the U.S.

TheDetroitBureau: These days, everyone is writing about electric vehicles but you’ve been at this for a long time, haven’t you? And don’t you take something of a broader look when it comes to environmentally friendly vehicles?

Ron Cogan: Green Car Journal, which launched in 1992, has been all about options, everything that’s happening in the green space, whether it’s methanol, ethanol and natural gas, even high fuel-efficiency gasoline. Now, there’s a huge push towards electrification. It wasn’t our call to tell people what to drive. With our 30th birthday coming up we wanted to let people read different opinions from industry leaders.

TDB: We now have General Motors CEO Mary Barra setting a transition to all-electric vehicles and announcing a second battery plant. Is this the year of the tipping point for battery-electric vehicles?

Cogan: I would agree there’s a tipping point going on in the sense that there’s a major commitment by a lot of automakers. It’s gone beyond lip service. For the industry, the tipping point is here. The question is whether it is a consumer tipping point yet. Only so many people are willing to step up to pure electric vehicles. More see a hybrid as the way to go because it’s so seamless, and some to plug-in hybrids. But have we reached a tipping point for consumers? I’m not so sure.

Cogan notes that hybrids provide a level of convenience that pure EVs cannot.

TDB: Yet BEVs do seem to be gaining a lot of momentum.

Cogan: Well, the range issues is being overcome to a large degree, But even with 250 miles, on a long trip you have to plan ahead (to find places to charge), which is why I think plug-in hybrids are going to be pretty huge. When you can’t plug in you’re not limited, so I think that category is really going to expand. With a plug-in you can do everyday driving in electric but switch to internal combustion when you have to go farther. I think it’s a win-win. And it will get more people into buying electric vehicles.

TDB: I find that the best way to promote electric vehicles is to get people into electric vehicles. They’re often surprised by the performance, for one thing.

Cogan: Yeah, today’s electric vehicles are pretty amazing given what they offer — everything a combustion vehicle can offer and more. The launch in an electric vehicle can be pretty exciting and some companies, like Tesla, are keying in on that, talking about how they can beat a Ferrari on track and all that. I think that’s surprising a lot of people.

Cogan is quick to note that EVs are not the only way to improve the efficiency of vehicles. His publication’s honored several diesels.

TDB: I have more and more people asking if this is the right time to buy an electric vehicle. Many worry that, like with an iPhone, if they buy today something better will soon come out and they’ll regret it. What would you tell them?

Cogan: The technology, the range, all of that will improve over time, as will the cost which will continue to go down incrementally. So, it’s a tough question. If you find the right vehicle that appeals to you, it makes sense, go ahead and buy the vehicle. There are some great choices out there now and there are going to be more coming up. The jump to 250 miles (which most new BEVs are offering) is huge and there are going to be more and more charging stations coming online. True, the nature of it is that there’s always going to be something better. But do you never buy an electric vehicle because of that?

TDB: Doesn’t that make an argument for leasing, rather than buying? You can move to something newer and better in a few years — and not worry about trade-in values.

Cogan: I think leasing is the ideal way to go with electric vehicles. It means you don’t have to take as much of a risk. You know what your payments are. You know when you’re going to turn it in. And then, you can move on to the next generation of electric vehicles. Leasing takes the risk out.

Green Car Publisher Ron Cogan, Chevy Marketing Director Steve Mojoras and the 2016 Volt, which was honored by the Green Car Awards.

TDB: Let’s talk about batteries — in particular, next-generation batteries. Honda, Ford and others are all talking about solid-state batteries (which supposedly will be lighter, deliver longer range and shorter charging times and even reduce the risk of fire). Are they real? And will they live up to expectations?

Cogan: It seems that if solid-state comes close to all the promises it would put BEVs over the top, making all the difference in the world. Solid-state, from what we hear, is the ideal technology.

TDB: What would you estimate will be the BEV share of the market by 2030? And could it be even bigger than people are forecasting now?

Cogan: It’s tough to make a prediction, and I try to avoid that. But automakers and other interests are pushing for them and there’s a lot of interest in setting up a nationwide rapid charging network. All of that takes us in the direction where we know there’s going to be significantly more electric vehicles sold by then. But many things could influence the fate of gasoline vehicles. How’s the price of gas? If gas prices stay low there’ll be less incentive for electric vehicles. Technology will influence things. A recession could, as well. Legislation clearly will have an influence, especially if it’s a disincentive to drive on gasoline.

Honda has been at the forefront of fuel-cell vehicles with the Clarity.

TDB: On the subject of politics, the Biden administration wants to have 500,000 charging stations in place by 2030. Could that mean a faster growth rate for electric?

Cogan: If we get the range to drive on battery like you would on gasoline and you have a network of rapid chargers, suddenly, your functionality is increased exponentially. But there’s no way yet to know if the government is going to create (that public charging network). Administrations change. Agendas change. So, I don’t put stock into what you can count on as far as legislation matters.

TDB: But the Biden administration is clearly making a lot of proposals to promote electric vehicles. Do you like what you’re seeing?

Cogan: Yeah, as far as I can tell. I mean, we’re going to see how this all unfolds. This administration has a more proactive agenda for environmental issues in general and clean cars, specifically, than the previous administration. But I have to say you can’t always count on that. Back under the Obama administration, he wanted a million electric vehicles by 2015. It was never going to happen because there weren’t enough vehicles to make it happen. (But) I look at all of these things (Biden is proposing) as positive … a direction that seems to make sense for electrified vehicles.

Cogan drove a GM EV1 for a full year.

TDB: You started publishing Green Car Journal in 1992. Looking back on the last three decades, what were biggest surprises, the things you didn’t count on early on?

Cogan: One of the milestones was the debut of the GM Impact prototype and then the actual production of the GM EV1, I drove one of those for a year. It was an amazing car to be in on the evolution of electric vehicles. It was also interesting to note how hydrogen was big and then (see automakers) backpedaling, Now they’re interested in hydrogen again. It’s gaining momentum again.

One of the (other) things that surprises me is that we’re seeing such a push for electrification, at the extreme high end of both luxury vehicles and sports cars and exotics.

 

TDB: To wrap up, is the age of the internal combustion engine coming to an end?

Cogan: I don’t think you can discount internal combustion because it keeps getting better and better. And I don’t think you can discount hybrids and plug-in hybrids and focus just on battery-electric vehicles. Those are all a big part of the solution. It may have narrowed from when we started publishing. It’s no longer really about ethanol and natural gas and propane. It’s really about electrification and significantly more efficient internal combustion engines — and a combination of the two. It’s going to be even more exciting in the years ahead seeing how it will play out.


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Bentley Shifting to All-Electric Portfolio by 2030

Bentley CEO Adrian Hallmark discusses the company’s Beyond100 plan.

British performance luxury marque Bentley plans to shift from internal combustion powerplants to battery-electric fast enough to make your head snap like so many of the vehicles it produces — in less than a decade.

Bentley’s push to electrify its entire portfolio with hybrids and battery-electric vehicles by 2026 with a move to BEVs only by 2030 is part of the company’s overall goal of being a carbon-negative company by the end of this decade. Those goals, and others, are all wrapped up in its Beyond100 strategic plan designed to keep the brand at the top of the luxury heap with its current customers as well as future buyers.

It’s this push – driven largely by governmental mandates – to make the company carbon neutral that ultimately trickled down into the plans for the vehicles, CEO Adrian Hallmark said.

(Bentley unwraps updated 2021 Bentayga.)

Bentley executives participate in the Beyond100 webcast Thursday.

The company will launch not one, but two new hybrids next year. Further it expects that its entire model line-up will offer a hybrid variant to match the gas-powered vehicle by 2023. This will be followed by Bentley’s first-ever pure electric model in 2025 as it marches on to its goal of full electric by the end of the decade.

While the shift away from gas-powered vehicles in such a short period of time may be alarming to some, the 100-plus-year-old carmaker has a few good reasons to put this plan into gear. First, it’s based in Great Britain, which was slated to ban the sale of new gas- and diesel-powered vehicles in 2040. However, there is a push to accelerate the deadline to 2030, which would fit very nicely into Bentley’s new electrification timeline.

That said, Jan-Henrik Lafrentz, Bentley’s CFO, noted during an online event hyping Beyond100, that the company is advocating for hybrids to meet the government’s definition of zero-emission vehicles despite using an internal combustion engine as part of the pairing. He noted the company has been suggesting to government officials that there should be an “overlap period” to allow for the move from ICE-powered vehicles to hybrids because they cost less than pure EVs.

(Bentley Mulliner moves into new era with debut of Bacalar.)

On top of that, Bentley’s own research shows that the younger buyers they want to attract in the near future are looking for “an experience” when they buy a vehicle. They also noticed that 60% of “high net worth” people will be under 40 years old. Further research last year showed that after the brand introduced its EXP 100 GT electric concept car, it managed to get the eye of millennials with a double-digit uptick in the percentage of them saying that they intend to buy a Bentley.

Bentley’s Hallmark, right, said the company expects to be carbon negative by 2030.

In short, electric vehicles draw younger buyers and Bentley’s push to change over quickly means future buyers.

“We really see that we’re in a good position to engage with this customer,” said Chris Craft, the brand’s sales and marketing chief.

However, the company’s efforts aren’t limited to just producing carbon-neutral vehicles as quickly as possible. It’s looking to be the world’s leading environmental automaker. Its production site in Crewe, England was certified carbon neutral by the Carbon Trust. It achieved the ranking by implementing a variety of green processes, such as a water recycling system in the paint shop, planting trees, installing 30,000 solar panels to help it switch to renewable energy sources to power the facility.

Long term, Bentley wants to be carbon negative, and thinks it will happen by 2030. In short, the company’s vehicles and facilities will lower the amount of carbon dioxide in the atmosphere.

(Bentley offers glimpse of its future with EXP 100 Centenary Concept.)

In the short term, Hallmark said the company was handling the impact of the pandemic well. The company expects to post break-even financials for the full year, selling more than 10,000 vehicles. Perhaps more importantly, the number of vehicles on order has risen 60% since the start of the year.

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font-size: 16px; -webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box; border: 1px solid #FF0000; } @media only screen and (max-width: 650px) { html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.mo-optin-error { margin-bottom: -10px; } html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.columbine-two-col1, html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.columbine-two-col2, html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col1, html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col2, html div#gJSomKNtPm div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col3 { float: none; width: 100%; margin-right: 0; margin-top: 10px; } } html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-column, html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-two-col1, html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-two-col2, html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col1, html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col2, html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-three-col3 { float: none; width: 100%; margin-right: 0; margin-top: 10px; } html div#gJSomKNtPm.mo-optin-has-custom-field div#gJSomKNtPm_inpost.columbine-container div.columbine-column textarea.mo-optin-form-custom-field.textarea-field { min-height: 80px; }div#gJSomKNtPm *, div#gJSomKNtPm *:before, div#gJSomKNtPm *:after {box-sizing: border-box;-webkit-box-sizing: border-box;-moz-box-sizing: border-box;}div#gJSomKNtPm_inpost_container div.mo-optin-powered-by{margin:5px auto 2px;text-align:center;}div#gJSomKNtPm_inpost_container div.mo-optin-powered-by a {font-size:16px !important; text-decoration: none !important;box-shadow:none !important;border-bottom-width:0px !important;cursor:pointer !important;}div#gJSomKNtPm_inpost_container #mo-acceptance-checkbox {background-color: #fff;line-height: 0;border: 1px solid #bbb;width: 16px;min-width: 16px;height: 16px;margin: 0 5px 0 0 !important;outline: 0;text-align: center;vertical-align: middle;clear: none;cursor: pointer;}div#gJSomKNtPm_inpost_container .mo-acceptance-label {cursor:pointer}div#gJSomKNtPm_inpost_container div#gJSomKNtPm_inpost p {padding:0px !important;margin:0px !important}div#gJSomKNtPm .mo-optin-form-wrapper label {color:inherit;font-weight: normal;margin: 0;padding:0;}div#gJSomKNtPm.mo-cta-button-flag .mo-optin-form-note .mo-acceptance-label {display:none;}div#gJSomKNtPm .mailoptin-video-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; } div#gJSomKNtPm .mailoptin-video-container iframe, div#gJSomKNtPm .mailoptin-video-container object, div#gJSomKNtPm .mailoptin-video-container embed, div#gJSomKNtPm .mailoptin-video-container video { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }#gJSomKNtPm .mo-optin-form-container .mo-optin-spinner { border-radius: inherit; position: absolute; width: 100%; height: 100%; background: #fff url(https://www.thedetroitbureau.com/wp-content/plugins/mailoptin/src/core/src/assets/images/spinner.gif) 50% 50% no-repeat; left: 0; top: 0; opacity: 0.99; filter: alpha(opacity=80); } #gJSomKNtPm .mo-optin-form-container .mo-optin-success-close { font-size: 32px !important; font-family: “HelveticaNeue – Light”, “Helvetica Neue Light”, “Helvetica Neue”, Helvetica, Arial, “Lucida Grande”, sans-serif !important; color: #282828 !important; font-weight: 300 !important; position: absolute !important; top: 0 !important; right: 10px !important; background: none !important; text-decoration: none !important; width: auto !important; height: auto !important; display: block !important; line-height: 32px !important; padding: 0 !important; -moz-box-shadow: none !important; -webkit-box-shadow: none !important; box-shadow: none !important; } #gJSomKNtPm .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-success-msg { font-size: 21px; font-family: “HelveticaNeue – Light”, “Helvetica Neue Light”, “Helvetica Neue”, Helvetica, Arial, “Lucida Grande”, sans-serif; color: #282828 !important; font-weight: 300; text-align: center; margin: 0 auto; width: 100%; position: absolute !important; left: 50%; top: 50%; -webkit-transform: translate(-50%, -50%); -moz-transform: translate(-50%, -50%); -o-transform: translate(-50%, -50%); -ms-transform: translate(-50%, -50%); transform: translate(-50%, -50%); } #gJSomKNtPm .mo-optin-form-container .mo-optin-form-wrapper .mo-optin-success-msg a { color: #0000EE; text-decoration: underline; }div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-headline, div#gJSomKNtPm div.mo-optin-form-container h2, div#gJSomKNtPm div.mo-optin-form-container h1 { font-size: 32px !important; }div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-description, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost p { font-size: 18px !important; }div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-note { font-size: 14px !important; }@media screen and (max-width: 768px) { div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-headline, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost h2, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost h1 { font-size: 30px !important; } div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-description, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost p { font-size: 18px !important; } div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-note { font-size: 14px !important; } }@media screen and (max-width: 480px) { div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-headline, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost h2, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost h1 { font-size: 25px !important; } div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-description, div#gJSomKNtPm div.mo-optin-form-container div#gJSomKNtPm_inpost p { font-size: 16px !important; } div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-note, div#gJSomKNtPm div#gJSomKNtPm_inpost .mo-optin-form-note * { font-size: 12px !important; } }div#gJSomKNtPm .mo-mailchimp-interest-container { margin: 0 10px 2px; } div#gJSomKNtPm .mo-mailchimp-interest-label { font-size: 16px; margin: 5px 0 2px; } div#gJSomKNtPm input.mo-mailchimp-interest-choice { line-height: normal; border: 0; margin: 0 5px; } div#gJSomKNtPm span.mo-mailchimp-choice-label { vertical-align: middle; font-size: 14px; } div#gJSomKNtPm .mo-mailchimp-interest-choice-container { margin: 5px 0; }div#gJSomKNtPm .mo-mailchimp-interest-label { display:inline-block!important; } div#gJSomKNtPm span.mo-mailchimp-choice-label { vertical-align:baseline!important; } div#gJSomKNtPm .mo-mailchimp-interest-container { padding:18px 0 6px 0; } div#gJSomKNtPm .mo-mailchimp-choice-label { font-size:16px!important; }