Why General Motors Left Europe
CNBC:
In 2017, General Motors,
the largest U.S.
automaker with brands known around the
world made perhaps one of
its boldest moves in its history.
It sold its European Opel and
Vauxhall brands to the French
automaker PSA known for brands
such as Peugeot and Citroen.
It was the end of an era
for GM which had first ventured into
Europe nearly 90 years before.
It also marked the end of nearly
two decades of losses for the
brands under GM's stewardship.
GM executives said the deal
would unload a difficult and
struggling business and allow the company
to focus on its more
profitable North American market and free
up cash to make needed
investments in new technologies such
as electric cars and
autonomous driving.
But the move came with risks.
The European new car market is about
as large as that of the
United States and leaving it would
not only hit GM's volume but
also increase its exposure to the
ups and downs of the U.S.
auto market.
The sale of the unit
also racked up huge costs.
GM took a $3.9 billion
loss in 2017 owing
mostly to the $6.2
billion in costs it had to
shell out for the sale.
So why did GM leave?
Did the automaker simply
screw up or fail?
Was it wise to get out of Europe?
And what does it mean for GM's
future and the future of the auto
industry?
The decision actually says a lot about
how difficult it is to be a
global automaker today and the
sometimes subtle ways markets
around the world increasingly favor
local players who can tailor
their products to
specific markets.
In the end GM may have failed
in Europe in part because it just
isn't European.
The numbers show General Motors was
having a rough time on the
continent in the nine years or
so before the divestiture of GM's
European business.
It bled money at the EBIT line
every single year for a total of
about $14 billion in
losses on $208.4
billion dollars in sales it's nine
year weighted loss of 6.9
percent.
EBIT stands for earnings before interest
and taxation and is the
metric GM uses to report
the money its international business
divisions make.
Its worst year during that time
was during the financial crisis in
2009.
Where GM incurred a 15
percent loss of $3.6
billion dollars.
The best year in that period was
2016 where it still had a 1.4
percent loss totaling
about $257 million.
Now that sounds like an improvement
and in absolute terms it was.
But consider that over the same
nine year period GM turned a
profit in North America of
$28 billion on $823.7
point billion in sales.
That's a nine year
weighted gain of 3.4
percent an automaker generally tries to
target an 8 percent EBIT
for any given region and for
the world as a whole.
GM's rival, Ford for example has an
8 percent EBIT target for its
European business.
The automobiles never really
sold well with consumers.
And one of the reasons they
weren't able to achieve profitability
is because what they did sell
were primarily passenger cars and
not the higher margin trucks and SUVs
that they saw a lot of in
the U.S..
So that's that's a
big part of it.
There's also a lot of headwinds that
they faced on the cost side
of the equation with with the
cost of labor, unions, and
also more stringent regulation
particularly from an emissions
standpoint.
So a lot of those reasons are
why they had such mixed results and
from a market share perspective when
they pulled out they were
they only had about 6
to 7 percent market share.
So it wasn't really a
dominant market for them.
And GM was losing ground
during that time to competitors.
Consider that the automaker
had a 9.3
percent share of the European car
market in 2008 but that fell
below 7 percent in 2014 and stayed
there for two years and then
fell again to around
6 percent in 2016.
Meanwhile European competitors seem
to be faring better.
And once GM sold off its
European business its earnings shot up.
The automaker earned a
global EBIT of 9.9
percent in 2017 and 8.4
percent in 2018.
But why was GM struggling in Europe
when it does so well in the
United States and is
even leading U.S.
automakers in China a market that is
by no means easy to do
business in.
One reason is that
Europe is pretty unique.
To be fair to GM it is not
the only automaker that has had trouble
there.
American cars have never been an
easy sell in the European market.
Ford for example has dialed back
its presence in the region.
Gm is not alone
in their struggles.
You see Ford pulling out of
Europe and American cars just never
have really sold very well there.
That market is really dominated
by the big three German
manufacturers and others.
But it's also a
fairly fragmented market.
So they just really were never
able to compete and consumers just
didn't really like their cars.
There were larger economic and political
factors such as the great
recession and tightening emissions
regulations that made it
tougher for companies to
do business there.
Another factor is the
distinctiveness of European tastes.
At the time GM CEO Mary Barra
said 80 percent of the vehicles in
the Opel portfolio didn't share
parts or platforms with those
sold in any of
GM's other markets.
When we look at the portfolio
going forward from a vehicle
perspective or a portfolio perspective
only 20 percent of the
portfolio overlapped with the rest
of the General Motors
portfolio.
So we think the real opportunity
for PSA is to leverage that
Europe specific scale.
That put the company
in a tough position.
Major automakers generally want to
build flexible platforms and
parts that can be used in
a variety of models in different
markets.
This helps them keep costs low
and achieve those highly desired
economies of scale.
There are forces however that make
it difficult to share parts and
platforms.
Automobiles tend to be highly regulated
products and many of the
markets where they are sold
and the regulations can vary
sometimes widely from
region to region.
One example of this is
fuel economy and emissions regulations.
Both the U.S.
and Europe have them.
But they tend to differ and
producing cars to meet each
regulatory regime costs
more money.
It requires that the company engineer
and test every vehicle to
fit every set of rules.
But many industry observers say GM
made a number of missteps over
the years that contributed to
the brand's struggles in Europe.
Opel and Vauxhall are often thought
of as sensible cars but they
do not have the glamorous
reputations of more premium brands.
GM typically sold Opels and Vauxhalls
in high volumes usually to
keep costs low.
But simple supply and demand shows this
has a way of driving down
prices.
And while GM produced a lot of cars
it was hard for it to make
money on the cars it made.
It also introduced its Chevrolet brand
into Europe which had the
effect of undermining sales
of Opel and Vauxhall.
Both brands already had
difficulty distinguishing themselves in
Europe's competitive landscape and
selling highly similar
Chevrolets right next to
them further confused buyers.
Furthermore the company didn't
have the right products.
Opels portfolio was heavily
weighted toward traditional passenger
cars such as
subcompact and sedans.
And the brand missed the boom
in crossover and small SUV sales.
At the end of the day Europe is
a large market but it is a mature
one and does not offer the
opportunities for growth companies can
find in China and other emerging
markets or even the kinds of
opportunity in the U.S..
A lot of it is really reflection
of the economic growth in Europe
relative to China.
You have one of the fastest growing
countries in the world and the
U.S. which is growing stronger a
lot stronger than Europe now.
You know if you look at European
GDP over the last several years
just has really lagged the
North American market in Asia.
China is now the world's largest
car market with 28 million new
vehicles sold in 2018.
That number is likely to continue
to rise as the auto market
continues to grow.
In North America particularly the
United States, is becoming an
ever more profitable market as
consumers turn toward higher
priced crossovers, SUVs,
and pickup trucks.
So GM cut the cord in Europe and
said it would use the money to
focus more on its strong business
selling trucks in North America
while sinking piles of cash
into its investments in electric
vehicles and self-driving cars.
Those aren't cheap aspirations and it may
be a long time before GM
or anyone else makes
money off them.
Meanwhile GM's North American sales
have grown pretty consistently
from 56 billion dollars in 2009
to 113 billion dollars in 2018
according to FactSet.
Meanwhile it was able to sell the
business to Peugeot and a large
focusing on Europe but who
also has plans to
return to the U.S..
They've been very open over the
last few months about their
interest in specifically
Fiat Chrysler.
Which I think they view as a
opportunity to gain a foothold in the
North American market and obviously
you know that company has
said some very well-received brands with
Jeep and a lot of the
new products that
they're introducing.
In a comment to
CNBC, General Motors
said:
Peugeot surprised the industry by saying
it had restored the Opel
and Vauxhall brands to profitability in
part by cutting costs and
introducing new more
profitable models.
Charlotte Flair learns Bhangra in India: WWE Now India
WWE:
2015 Chevrolet Cruze Diesel - TestDriveNow.com Review by Auto Critic Steve Hammes | TestDriveNow
Steve Hammes New Car Reviews:
Hear that? That's a sound you haven't heard
from a Chevy car in a while. In my 17 years
of test drives this is the first American
car I've had with a Diesel engine. But the
headline here is 46mpg highway and it comes
courtesy of the Chevy Cruze.
When 50-state compliant diesel engines began
showing up a few years ago, the push was primarily
engineered by the VW Group. Gas prices were
sky high and alt fuel vehicles were in consumers’
minds.
2015 Chevrolet Cruze DieselSo Chevy decided
to see how a small diesel-powered car would
do against competitors’ hybrids and other
diesel models. Now in its 2nd year, Chevy’s
best-selling global car with a 2.0-liter clean
turbo-diesel is the choice for about one out
of every 10 Cruze buyers in the U.S. GM’s
unreliable diesel models from the 80s left
Americans with a negative impression of this
gasoline alternative but with so many advancements
in the technology since then, diesel cars
nowadays are no more of a concern than any
other propulsion you may choose.
So why go Cruze Diesel? It’s all about fuel
economy and torque with secondary considerations
given to a diesel engine’s reputation for
longevity. In this case, the engine was specifically
adapted for the U.S. market, meeting stringent
emission standards while producing peak torque
of 264 pound-feet that gives this Cruze an
instant on feeling when you press the go pedal,
particularly impressive in passing maneuvers
on the highway. Don’t measure this engine’s
strength by its mediocre 0-to-60mph time of
about 8.5 seconds; it has the low-end gumption
drivers appreciate when stepping off. As for
the efficiency angle, as paired with the only
available transmission – this 6-speed auto
– the city/highway spread of 19mpg is greater
than that of any other new vehicle. Rated
at 27mpg city/46mpg highway and 33mpg combined,
the Cruze Diesel’s return on investment
will greatly depend on where you drive most
of the time. I averaged 35mpg for the week
and during a highway run from NYC to Albany
I managed over 45mpg. So unlike some other
alternative powertrains, the impressive diesel
mileage numbers are once again for real.
The most obvious difference between the Cruze
Diesel and the Jetta TDI is the clatter heard
from the engine. VW really knows how to mute
the typical diesel sounds while Chevy makes
it loud and proud. Does that bother me? Well,
it's a little off-putting and everyone who
stands near it or rides in it instantly noticed
but I'm sure to some diesel aficionados it
sounds like a badge of honor.
It’s also not a sporty car when running
on these fuel-saving tires, instead it promotes
comfortable cruising – diesel sounds and
all. There were also occasions where the 6-speed
felt confused.
The Cruze debuts an updated front fascia this
year with LED daytime running lights and the
Diesel model comes with a rear spoiler, an
aero performance package and ultra low-rolling
resistance tires. Inside, Apple Siri integration
is a welcome addition as is OnStar with 4G,
not 3G, built-in Wi-Fi hotspot. The sport
mesh trim used around the cabin is a unique
look and though the next generation Cruze
will debut shortly as a 2016 model, this car
has maintained its premium composure quite
well with features such as a back-up cam,
side blind zone and rear cross traffic alert
the very agreeable Chevy MyLink system with
navigation. Remote start is always appreciated,
too. And as long as the folks in the front
aren’t too long legged, the rear seats are
useable and are elevated for better forward
visibility.
Priced as the premium model in the Cruze lineup
from $26,485 and stickered here for $29,105,
the Cruze Diesel’s nemesis is the gas fueled
Cruze Eco which the EPA estimates costs $100
less per year to fuel with the culprit being
the high cost of diesel vs. a gallon of regular.
Leasing Vs Buying A Car (Pros and Cons) | How to Calculate a Car Lease Payment
Next Level Life:
Well, yet another week and yet another Finance
Friday video.
So as I said last week the car is the most
expensive purchase most people make that goes
down in value.
Now with that in mind wouldn't it make sense
that you wouldn't want to make a big purchase
on something that is almost guaranteed to
go down in value?
What if you didn't actually buy the car at
all?
Would that be better for your financial Foundation?
That's what we're going to be talking about
today as you can see by the title of the video
today we're going to be talking about leasing
versus buying a car.
Hey everyone, Daniel here and welcome to Next
Level Life a channel where you can learn about
Investing, debt, retirement, and many other
general financial education videos because
the school's aren't going to do it for us.
So if any of those topics sound interesting
to you or if you want to learn how to better
handle your money and have more financial
freedom be sure to hit that subscribe button
and the bell next to my name to be notified
every time I upload a video.
So I thought talking about this would be a
good follow-up to last week's video on the
20, 4, 10 rule.
So today I'm going to be talking about what
leasing a car is and how it differs from buying
a car, some of the benefits and downsides
of both Leasing and buying.
I’ll show you how a car lease payment is
calculated and then doing a bit of a mathematical
comparison between the two options where I
will also tell you how Dave Ramsey says that
car leases charge you an effective interest
rate of about 14% or 15%.
This is going to be a bit of a longer video,
so let's get started.
So first let's define the difference between
Leasing and buying a car.
The best way that I can explain it is to say
that leasing a car is basically just renting
the car.
Similar to how you might decide to rent an
apartment instead of buying a house.
When you lease a car the lessor or the person
holding the lease rents the car to the lessee,
or you, for a specified period of time in
return for periodic payments.
Now that sounds in many ways very similar
to what happens when you sign a car loan right?
You got the car in return for making regular
payments to the loaner.
The difference, of course, is that once you
finish paying off the car loan you own it.
However, when you lease a car and the lease
term ends you trade the car in and assuming
you sign another lease you get a new one.
This means that at no point in time do you
actually own the car.
It is never an asset for you.
Whereas if you were to sign a car loan and
make payments the car would be an asset to
you after the final payment is made.
Now, of course, you can decide to purchase
the car that you least out right at the end
of the lease, that is an option, but not a
whole lot of people do that and we'll get
to why that is later in the video.
But first, let's talk about some of the benefits
of leasing a vehicle.
The first benefit that people often point
to is that under most circumstances unless
you make a really big down payment when you
buy a car the monthly payment on a lease is
generally going to be lower than the monthly
payment on a car loan.
And again I will show you exactly why that
is when I get to the comparative example but
for now, let's just go through the benefits.
The second benefit that people often pointers
that there's no need to worry about selling
your car at the end of the lease term because
when the lease term ends as I said is simply
drop the car off at the dealership and either
sign a new lease or move on to some other
car buying strategy.
The third benefit to leasing that many people
point to is that the car often times remains
covered under a warranty because the lease
terms generally don't last more than say 3
or 4 years and sometimes they're even shorter.
And since the warranty on most cars is roughly
the same as the lease length or at least the
average lease length you often times have
a more predictable total cost of car ownership.
And some leases may even include basic maintenance
so if that's the case you're only cost would
be insurance and fuel.
The fourth benefit that many people going
to is the small down payment that is required
for a lease.
And you could argue whether or not that's
really a benefit but we'll get to that later
in the video.
But for those consumers who don't have a lot
of money saved up for a downpayment, it often
seems like a good benefit.
And obviously when you're leasing cars every
few years you always have access to at least
nearly the latest technology if not the latest
technology goes your car is new.
And for many, this is a huge benefit.
The last benefit that people often point to
when it comes to leasing versus buying a car
is the potential tax savings that you may
experience.
Although you'll definitely want to check with
a tax professional to find out how leased
vehicles are taxed in your area because it
does vary from place to place so that may
be a benefit and may not be a benefit depending
on your situation.
The downsides to leasing a car are of course
the rules and restrictions that seem to pop
up all over the place.
Depending on your lease you may have mileage
restrictions, excess wear-and-tear fees, ride-sharing
restrictions, the need to have excellent credit,
and possibly even the need to purchase gap
insurance.
Typically you will have mileage restrictions
on leases between 9,000 and 15,000 miles per
year and if you go over that you get charged
a pretty hefty excess mileage fee which can
range from $0.20 a mile to a $0.25 a mile
or maybe, even more, depending on what it
says in your lease.
Now of course I'm told from people who have
leased cars that they don't generally check
the amount of Miles you've driven each year
but rather if it's say a 3-year lease and
you have 15,000 miles per year that you're
allowed to drive they will check it at the
end of the lease and see if you went over
45,000 miles and if you did they will charge
you for the extra miles at that point.
I have not ever released a car so I have to
go with what I've heard from people who have
and that's what they've said.
As far as the excess wear-and-tear fees go
I'm told that some wear and tear is to be
expected you won't be charged for every minute
thing but you are expected to return the car
in nearly its original condition and any customization
that you have put on the car needs to be easily
removable.
And in some places you'll also have to be
able to show that all recommended Services
were performed on the car at the proper times
so I imagine there is quite a bit more paperwork
with this route as opposed to buying a car,
which may matter for some but for some others
it may be worth it.
I've also been told that with very few exceptions
you need to have top-notch credit scores to
be able to lease a car and leasing companies
almost across the board require you to purchase
gap insurance.
And of course the last downsides to leasing
a car is that some leases will have early
trade-in fees or penalties and you never hold
any equity in the vehicle when you return
it at the end of the lease contract you will
have nothing to use as a down payment on your
next vehicle unless you were diligent and
saved up during the time that you had the
lease.
And obviously, when you're buying a car the
benefits and downsides are flipped.
When you buy a car you don't have any monthly
payments after the loan is paid off you don't
have mileage restrictions or any customization
or excess wear-and-tear fees and your credit
does not have to be excellent although it
would certainly help when it comes to interest
rates on a loan.
However it is generally more expensive in
the short-term month-to-month then leasing
a long-term loan since it makes the monthly
payment look smaller but it usually carries
a higher interest rates and of course keeps
you in debt longer which is generally not
a good thing, and you may need a pretty hefty
down payment depending on your situation.
So how do you calculate a monthly lease payment?
This is one thing that I wasn't going to do
initially in this video but decided that I
should do it because I couldn't find too much
information about this in other videos on
YouTube.
First, you'll need a few things.
You'll need the MSRP of the vehicle also known
as the sticker price of the vehicle.
Next, you'll need the money factor which is
also sometimes called the lease factor or
even a lease fee and you'll usually need to
call the dealership that you're looking to
lease the car from in order to get this.
They will likely ask you what brand make and
model you're considering leasing so be sure
to have that information ready when you call.
Third, you'll need the term or length of the
lease most sites that I researched recommend
leasing for no more than 36 months but there
are some specials for 39 months.
But the point is you need to know how long
your lease term is going to be.
Once you have that you'll want to find the
residual value of the car by asking the dealer
what the residual percentage is for the specific
car that you're considering while you're on
the phone with them.
The residual percentage varies of course between
dealers in cars but it's usually somewhere
in the neighborhood of 45% to 60% for a 36-month
lease.
You also need to find out if there are any
fees associated with the lease.
Common fees include registration fees, acquisition
fees, and sometimes down payment tax but there
may be others.
And the last thing you'll need is any rebates
that are available to you if you have any.
Once you have all that information here's
how you calculate your monthly lease payment.
For this example let's say that John is going
to lease a car with an MSRP of $25,000.
To keep the math simple will say the residual
percentage is 50% and the money factor or
the least Factor will be 0.00125.
He's Leasing and will not make any down payments
on the car and he does not have any rebates,
but he does have $1,200 in various fees and
has a lease term of 36 months.
Once you have all that information here's
how you calculate your monthly lease payment.
The first step is to take your vehicle's MSRP
and multiply it by whatever the residual value
is that you are given.
In John's case, that means he takes $25,000
* 50%.
This gives him a residual value of $12,500
for his leased car.
We're going to assume for the sake of this
example that he did not negotiate the actual
sale price on a car and instead just purchased
it for the sticker price or MSRP.
Therefore Step 2 is to take the sale price
and add in any of the fees that you have to
pay in order to get what the car manufacturers
called the gross capitalized cost.
In this case, since he didn't negotiate, he
paid the MSRP of $25,000 and had $1,200 in
fees.
Therefore his gross capitalized costs are
$26,200.
Step 3 is to take any down payment, trade-in
equity, or rebates that you might have an
add them together in order to get what they
call your capitalized cost reduction.
In John's example, he didn't make any down
payments and he didn't have any trade-in Equity
or rebates so his capitalized cost reduction
is just going to be zero.
Step four is to take the gross capitalized
cost that you figured out in Step 2 and subtract
the capitalized cost reduction you just figured
out in step three in order to get your adjusted
capitalized cost.
again in John's case, he didn't have anything
in step three so is adjusted capitalized costs
are the exact same as gross capitalized costs
cost of $26,200.
Step 5 is to take the adjusted capitalized
cost you figure it out and step 4 and subtract
the residual value that you figured out and
step one in order to get what they call you
or depreciation amount.
In John's case, his adjusted capitalized costs
were $26,200 and his residual value was $12,500.
So punching those into the calculator you
find that his depreciation amount for the
car lease will be $13,700.
This number is very important because it's
what your base monthly lease payment is going
to be calculated with.
And that's what we do in Step 6 you take the
depreciation amount you figured out and step
five and divide it by however many months
you are leasing goes for.
In John's case, he had a 36-month lease so
he takes $13,700 and divides it by 36 which
gives him a base monthly payment of about
$380 a month.
But don't get excited we're not quite done
figuring out your actual monthly payment yet
there still a few more steps.
In Step 7 you take the adjusted capitalized
cost that you figured out and step for and
add the residual value that you figured out
in Step 1 and then you multiply that number
by the money factor.
So in John's case, he had an adjusted capitalized
cost of $26,200 and a residual value of $12,500.
So we add those and that gives us $38,700.
we then take that $38,700 and multiply it
by the money factor of 0.00125 which gives
us a little over $48 a month.
This number is what the leasing companies
called the rent charge.
Step eight is where you at that rent charge
to the base payment that you calculated in
Step six to get your pre-tax lease payment.
In John's case, this means he takes the $380.56
that he calculated In Step 6 and adds the
$48.38 from Step 7 to get a pre-tax monthly
lease payment of $428.94.
Now if you're lucky enough to live in a state
that doesn't charge sales tax you're done
calculating your lease payment.
However, if you're like most of us that live
in a place that does charge sales tax then
you need to multiply that pre-tax monthly
lease payment by the local sales tax rate
where you live to get your total monthly lease
payment.
Let’s say John lives in Santa Monica California
just for the sake of this example they have
a sales tax of about nine and a half percent.
Meaning that he would have to take that pre-tax
monthly lease payment of $428.94 and multiply
it by 1.095 to get his monthly total monthly
lease payment of $469.69.
So that's how you calculate a lease payment.
Now I know that many of my viewers also watch
Dave Ramsey and so you’ve probably heard
him say that leasing a vehicle is the most
expensive way to own a car.
He says that on average the effective interest
rate on car leases are about 14%-15% which
is about as high as the average interest on
credit cards.
So this is kind of a big deal.
But one thing that I haven’t heard him talk
about before is how the people calculating
that effective interest rate arrives at 14%
or 15% because you certainly don’t see anything
on the lease contract that says you’re paying
15% interest on this lease.
You see what the money factor is but that’s
about it.
Well here’s how you calculate it.
When John was paying for that lease on his
$25,000 MSRP car, the base monthly payments
weren’t actually being calculated based
off of $25,000 like they would be on a normal
car loan were they?
No, they were being calculated based off of
the difference between the cost of buying
the car (after things like registration fees
were taking into account) and what the residual
value of the car will be at the end of the
lease term, which is obviously estimated by
the leasing company prior to you signing the
lease.
In the example with John, the difference between
those two numbers was $13,700.
So let’s say that for example instead of
leasing a car, he decided to buy a car for
the same $13,700 that his base monthly lease
payments were being calculated with.
And let’s also say that the $13,700 car
loan that he signed when he bought the car
was for 36 months and his monthly payments
were just under $470, just like they ended
up being for his lease.
If you punch those numbers into a loan calculator
and ask it to find you the interest rate on
the loan, you’ll see that it comes out to
be about 14.2%.
And just for grins and giggles do you want
to know how much you would be paying a month
if you bought a $25,000 car instead of leasing
it?
Well assuming we go with the averages, the
average interest rate on a new car loan according
to Experian is a little under 4.5%, so I’ll
use that for the interest rate and I’ll
say it's a 60-month car loan.
The monthly payment?...
$466.08.
So not all that much different than the lease,
except for the fact that you may have some
resale value at the end of the car’s run
that you can then use for a downpayment on
the next one.
So as you can probably tell, I personally
am in favor of buying a car as opposed to
leasing it, but that doesn’t mean that my
opinion is objectively and universally the
correct one.
For some people, it may be worth taking on
that higher effective interest rate in order
to always be driving with the latest technology
and not having to go through the hassle of
selling the car at the end of its run.
And that’s perfectly fine, my goal with
this channel is not to tell you what to do
with your money.
My goal is just to make sure you are aware
of what options are out there and do my best
to clear up any mysteries in the realm of
personal finance.
But that'll do it for me today once again
if you enjoyed this video be sure to subscribe
and hit that Bell next to my name so that
you'll be notified of all my future uploads.
I generally upload every single Friday, and
if you have a friend that would be interested
in this kind of content be sure to share it
with them and let's really get this information
out there and start our own Financial revolution.
Ford's Fight To Remain An American Icon
CNBC:
Ford Motor Companyis the oldest U.S. automaker. More than one century old,
it is the only one to have survived the
Great Depression, two World Wars and the 2008 financial
crisis without having to sell to a foreign buyer or file for bankruptcy. After one hundred fifteen years,
Ford is now at a critical juncture in its storied history.
Global auto sales peaked in 2016.
The entire industry is struggling with higher interest rates more expensive material costs and a global trade war.
Then there's Uber, Waymo, Tesla and
other new startups and companies that are
upping the pressure on the industry
to keep up with the latest technology.
Autonomous driving, electric vehicles, hybrids, all of which will take billions of
dollars in investment and years to
develop before any real payoff comes.
The automaker's stock sank below 10
dollars a share in July 2018 for
the first time since emerging from
the financial crisis in late 2009.
Under former CEO Alan Mulally. Since his departure in 2014 Ford, has struggled with his successors.
Mark Fields who was an executive with Ford for nearly three decades held the top job for just three years before
the board replaced him with current CEO Jim Hackett, a company outsider in April 2017.
And Hackett is already under pressure sales in China have plummete.
Falling 45 percent in October 2018 over
the same quarter in the previous year.
Ford's European business has deteriorated and it has long struggled in Latin America.
Hackett's promised $11 billion turnaround plan hadn't fully materialized by late 2018.
Although, investors have become impatient, analysts say
Hackett still has the backing of Henry Ford's great grandson.
Ford was founded at the turn of the 20th century by Henry Ford, a mechanically inclined young man from a
farm outside Detroit, Michigan. Uninterested in farming, He worked as an engineer at the Edison Illuminating Company,
where Thomas Edison encouraged the young entrepreneur to experiment with automobile designs.
Ford ultimately teamed up with a Detroit coal dealer and founded the Ford Motor Company in 1903.
I think it's important to know that Ford was not afraid of failure in fact he embraced and welcomed failure.
He would talk about how his first two car companies failed.
He would have rather setbacks along the way but he saw each failure as a to lessen a chance to learn something
and do better with the next attempt. So I think that was important.
At that time, cars were assembled slowly by teams of skilled craftsmen. Ford saw the potential to streamline the process.
He adapted assembly line techniques learned from other industries, such as brewing and canning.
This dramatically sped up production and reduced costs.
Henry's Model T car was the first automobile produced on a mass scale would turn him into a legend.
Its initial price in 1908 of $825, under $23,000 in today's currency, gave it widespread appeal.
By 1916, Model T production rose to more than 585,000 units and the price fell to $360. During their lifetime,
Model Ts represented half of all the cars on the road worldwide.
In 1917, the company made its
first foray into producing the vehicles, it is perhaps best known for today,
the pickup truck.
The truck was based on the Model T
and was a sturdy frame with a cab in the front.
Ford sold roughly 4 million pickups
before stopping production during World War II.
In the postwar period, the company would release a number of now classic cars, including the legendary Thunderbird.
Ford rolled out the Mustang, a two door pony muscle car in 1964.
Steve McQueen would turn it into an icon in the 1968 film, Bullet.
By the early 1980s though, Ford had suffered a number of bad years
and executives at the company began
looking for challenging and inspiring new designs.
The company rocked the automotive world in 1985 when it released the Taurus, a front wheel drive sedan with
rounded edges, that was strikingly different from what sedans looked like at the time.
The car is often credited with saving the company and its so-called Jelly Bean shape influenced auto designs for more than a decade.
But Ford would later face other challenges.
Reports started surfacing in the late 1990s of accidents involving the tires on Ford Explorer sport utility vehicles.
The scandal resulted in more than 270 deaths and 800 injuries in the United States alone prompted congressional investigations.
Millions of dollars in settlements and legal costs forced several executives to resign and severely damaged Ford's reputation.
Just as Ford was putting the scandal behind it,
Ford which made $1.6 billion in 2005 lost an astounding $12.6 billion the next year.
At the height of the financial crisis in 2008, it booked a record loss of $14.7 billion.
The big three Detroit automakers: Ford, General Motors, and Chrysler would go to Washington hat in hand for a combined $34 billion in loans that December.
But Ford was spared the fates of its rivals. Then CEO Mulally, who had been hired from Boeing in 2006,
was credited with having the foresight to see the credit markets tightening.
He amassed a $20 billion war chest
through borrowing before the crisis was in full swing.
The gamble paid off.
Ford was the only Detroit automaker that didn't take federal assistance or file for bankruptcy and has booked annual profits ever since.
But since Malawi's departure in 2014, the company has seen its fortunes sink.
Some industry watchers say Mulally, like other auto executives, missteps
by realigning Ford's portfolio around passenger sedans and compact cars,
missing the dramatic consumer shift toward SUV and pickups.
Hackett has inherited a challenge.
With U.S. auto sales down from their 2016 peak of 17.5 million vehicles sold,
the industry has been increasingly relying on high priced trucks and SUV fees to bolster profits.
The company has to slim down its operation, remain profitable, invest in new products for
the short term, and still show it is looking further ahead into the future.
And it has to do this while fending off competition from not only traditional automakers but a whole new ecosystem of companies,
from industries such as technology.
Some of which have very deep pockets.
They are in this transitional challenging place right now and and taking a lot of criticism.
But let us not forget it is not a company that's on the verge of bankruptcy.
They are still very profitable.
They have a lot of cash. So, it's not a company that's going away tomorrow as Ramos said it wouldn't.
Ford wouldn't make it through the next recession. That couldn't be further from the truth.
Of course Ford certainly has its strengths.
It has a strong brand, loyal customers and good products among other things.
But the auto industry could look very different in just a few years.
Investors aren't yet convinced Hackett can navigate through these choppy waters.
Whether Ford will see another century as an American icon remains to be seen.
Why Not to Buy an Extended Car Warranty (Scam)
Scotty Kilmer:
rev up your engines, today I'm going to
help you decide if you should buy an extended
warranty when you buy a car or not, now
extended warranties came into my mind a
few days ago, when one of my customers
was buying a brand new car and they said,
the salesman was pushing and
pushing for hours to sell them one of
these extended warranty plans, and since
they're buying a new Toyota I said, well
you didn't waste your money and buy one
did you, they said no, we just went with a
warranty that the car came with, but they
wanted to know why they were pushing the
warranty sales to him, well I did a
little research on the internet and
found out why, the answer was simple, it
turns out that when they're selling you
one of these extended warranty plans, the
Commission to the sales guy is almost
50% of what you're paying for the entire
insurance policy, so they're making the
money selling it to you, and conversely,
that means that half of the money you're
spending goes for a commission, so the
insurance policy is only worth half of
the money you pay for it, that's a great
deal for the salesman, but not such a hot deal
for you, as an example, I had a customer
with a Volvo that bought one of those
extended warranties on a used car, and he
brought it to me and I looked I said,
well the rear main seal the engine is
leaking oil, so I called up the company
and they said, oh well that's not covered
under the warranty, you have to realize
that an extended warranty is just an
insurance plan through an insurance
company, and guess who decides what's
covered and what isn't the company
itself, and when I read through the guys
policy, I told him, I said, the only
person that could really comprehend this
policy would be a lawyer / mechanic,
because there were legal terms, but there
are also mechanical terms, so you're not
going to find too many lawyers /
mechanics to help you out, and to make
matters even worse, I had another
customer who had a Fiat, and they bought
an extended warranty from a third party,
when they brought it over here and I
found out that it needed an alternator, I
called the 1-800 number, only to find
that the company didn't exist anymore,
they'd gone bankrupt, I find if you're
buying a quality car like a Toyota, or Honda,
and something that's really going to last,
you're better off looking at the money
that it costs for the extended warranty,
just put that in the bank, and use that
for repairs, and you'll probably be
thinking Scotty years down the line, when you
don't spend any of that money on the
repairs that would have been covered, and
you still have the money that you would
have wasted on this policy, but there are
times that I do advise my customers to
buy a warranty policy, and that is when
they buy the wrong type of car, if they
buy a Mercedes, or a Jaguar,
by all means buy a policy, but buy it
from the dealer where it's going to be
stood by, because I've had many customers
with Jaguars, Mercedes, Porsches, they
ended up getting five or six times the
amount of work done that they paid for
the policy on those cars, because they
break down as they age, but then again if
you're wise, don't even buy those cars in
the first place, so now you know a bit
more about extended warranty policies
why it's probably not a good idea for
you to waste money on them, but why the
salesmen love try to sell them to you, more
quick fixes on the Scotty Kilmer
channel.
How to put reverse gear in Kwid | I10 | I20 | Reverse gear with lifting arm
Car.Review:
This video explains how to engage reverse gear in this kind of gear system.
In this kind of gear system wherein you have to lift the arm up
So such kind of gear systems are found in
most of the Hyundai cars, Renault cars and many others high end cars
This is my car, Renault Kwid.
In this kind of gear you have to take it to the extreme and and
then lift the arm up, I will show you the arm.
This is the arm, you have to lift it like this
Could you see that?
Lift it like this
Then take it to the extreme left and then forward
Now it's (reverse gear) has been engaged
If you are not lifting the arm, then it will engage the first gear.
Now I'm not lifting the arm, so it will be simply first gear, not the reverse gear.
With the are, it's reverse gear, and with out the arm, it's the first gear.
Thank you.
2019 Ford Edge ST: FULL REVIEW | The Edge on STeroids!
Car Confections:
Good morning, everyone
Midsize two row crossovers over the past decade have started a die-off until is basically just the edge and Murano left
However, starting in 2019
This segment is experiencing a rebirth both Chevy and Honda have new entries due out early next year
Which is why Ford took the time to fortify its leadership in the segment with an extensive refresh for 2019
What we have with us today is the brand new sport model the ST finished here in a menacing full black
of course, you want to give a special thanks to our friends at Madison County Ford Lincoln for providing this fully loaded edge and
if you're in the market for any new Ford
Be sure to pay their dealership a visit or check out their website, which we provided a link to in the video description
So with that said let's go ahead and see if the edge has what it takes to battle the new product onslaught
So getting started here at the exterior, the entire edge lineup has seen real extensive changes this year
The main thing Ford did was massage the blunt look into a softer and more sophisticated design
But then for the ST
They turn right around and took the elegant out in favor of an aggressive black mesh as opposed to the standard silver finish
the headlights too were upgraded to look sleeker and the upper two trims now have full LEDs instead of the
HIDs from last year and then down below you'll see that the glow stick lights have been replaced with traditional LED fog lights
Now the siding back have seen far less changes than upfront but there are still some nice refinements
For one the LED tail lights no longer connect to each other. So instead you have a black piece that goes across the back
no matter what trim issues and
Then setting off the rear our standard circular dual exhaust outlets or for the esti
These are large horizontal exhaust outlets that show it means business
Overall I have to say I'm impressed by the updated design for the entire lineup
But especially for this murdered-out ST which looks exceptionally clean in person
But what makes this particular
ST, really stand out are the optional 21 inch gloss black wheels
They are definitely worth the nine hundred ninety five dollars, especially if you're going to go with the black exterior
Otherwise the esti comes standard with 20-inch contrast alloys the
Titanium with 19-inch nickel painted alloys and then the SE and SEL both have 18 inch silver painted alloys
Moving on to the mirrors they are always power but the base model doesn't have heating approach lighting or LED turn signals
Interestingly though unlike the rivals board includes standard blind spot monitoring and rear cross-traffic alert across all the trims
Now those systems are part of Ford's brand new co-pilot 360 system
Which packages nearly every other safety system into standard equipment
It includes automatic emergency braking with pedestrian detection
Lane Keeping Assist Auto high beam headlights and the blind spot monitoring that I already mentioned
Additionally, there is a co-pilot 360 Plus package also offered and that further adds adaptive cruise control with stop and go
Lane centering and evasive steering assist
This means that the edge now has more standard safety equipment than the Nissan Murano or the upcoming Chevy Blazer
Finally we'll wrap up the outside at the fuel tank
now the size vary slightly depending on whether it's front or all-wheel drive, but all models do get good ranges of
515 miles on the top end or
389 on the low end which is predictably this ST
But anyways, that's all there is to cover on the aggressive exterior
So now let's go ahead and see what upgrades Ford has made to the inside
So for the edge for does nicely include standard smart entry and is really nice-looking key fob here on the st
We do have special st badging as well as the remote start system
Now to get inside the vehicle there is a sensor behind the door handle so all you have to do is grab it
All right
So checking out the cabin of the 2019 edge as you can probably tell there's less changes in here than there are to the outside
Now as far as your colors and materials what you're looking at is cloth on the SE and SEL in Ebony or dune
Full leather on the titanium in ebony ceramic or cognac and then here on the st
All you get the option of is just the black with my co inserts
Turning to the door trim, it does have a really upscale
Look, you've got leather all through here as well as a special portion with a contrast stitching
The top part is padded and the door handle is made of real aluminum
on your top two trims, you will find 3 person memory seating and
Then your windows are one touch automatic for the front two
Of course on the st. You've got your special Ford Performance branding as well as your metallic pedals
By coming over here to the seat this is 10-way power adjusting and it comes on all but the base trend
And then like I've already mentioned here on the st we have these special micro inserts
Little nice feel to them and you get your special st embroidering
So like I already said the cabin is not hugely different from last year
However, as far as the materials are concerned it did not need an upgrade
Now pretty much all the areas that you could touch are soft
So you've got some soft touch plastic across all the upper - and then right here in the middle on the st
We have a faux carbon-fiber
Down through here. This is also padded and then in the middle, you've got a piano black trim
Now push-button start is standard on every edge so I have to do is press it to go
When you power the vehicle on you will find an 8 inch display on your top 2 trims and this is also optional on the
SEL
Now over here with the gauges
You've got a pretty unique setup where you actually have to multi information displays on both sides of an analog speedometer
Now this is your out greatest set up. It does come standard on the titanium and st
And then like I said, basically you just have the ability to reconfigure both of these display so you can take your tachometer off
And replace it with different things like your driving controls and safety systems
And then on this side, you've got a second pad and it does the same different things
So you have a navigation phone voice? So it just allows you to split
Basically all the functions so you can have two things up at the same time
Now coming back to the steering wheel you do have a thin rimmed steering wheel
It is leather wrapped on titanium and st and of course on st
we have special branding as well as color contrast stitching really nice-looking with
perforation as well
now as far as your buttons
Like I already mentioned you've got two pads for your two multi information displays
Here is your buttons for your adaptive cruise control. And then on this side, you've got your all your audio functions
Back behind the shifter your top two trims again come with rain sensing wipers and here on the St
You do have paddle shifters as well
And then I am also happy to see that you've got a power adjusting steering wheel
Now moving on to storage the edge has seen improvements this year so starting out with your center console, right?
Up and you've got a basically of one tier with nice felt lining and they push that out of the way
You've got an extremely deep
Console going way down as well as having a little area tucked in underneath of this part
It is eliminated and you also have a 12v outlet as well
In addition to that you've got several little cubbies sync up a little area good for sideways phone
another area good for standing up your phone and
Then if you open this up
You got a really surprisingly deep area that has been expanded this year since we have a an electronic shifter
There's no get to in a second
But it's extremely deep
ST Here. We also ma titanium. We also have wireless charging as well and two USB ports
So like I just said instead of the physical controller this year we now have Ford's new rotary controller
it's really easy to get used to all you have to do of course is
Turn it over to drive and then you can press s here to go into sport mode and shift with those paddle shifters
Going into reverse you will find a standard backup camera across all models
However here on the St
with the optional 401 a package, you'll find an additional camera system now it is not a
360-degree bird's-eye camera, but instead a front 180 camera
So shifting in a park here so I can show you you just press this camera button and it launches you into your front view
If you press it once more then you also get your corner view as well. So it's kind of interesting
I believe it's this way on the Explorer as well
but it's better than
Not having a front camera at all
And then back behind the shifter you will also find an electronic parking brake
As well as your buttons to defeat the auto start/stop system
Parking sensors and this button here is for your auto park function good for both parallel and perpendicular spots
Now moving on up to this panel, it's pretty much dedicated to your climate controls
You it is dual zone automatic on the titanium and st and a manual setup for your SE and SEL
But controlling this system is pretty easy. You've got all your functions represented here with physical control. So you get your fan speeds
Temperatures as well as other functions laying both sides here
Can also make similar adjustments up here on the screen if you prefer so you can adjust all the same things
And you do have physical buttons for your three-stage heated seats and three-stage ventilated seats
Though the heated steering wheel is accessible by hitting the menu and hitting that right there
Our big central knob here is for the audio system
So we've got a brand-new 12 speaker bang an Olsen sound system on ST and Titanium's. So let's go ahead and take a listen
Just like all four bang & olufsen sound systems, I'm really impressed. That sounds great
But anyways that brings us to our sync 3 system. So let's go ahead and take a quick look at that
So this is the same version of sync 3 that you seem pretty much all other Ford's so you've got your basic
Homescreen and then you've got shortcut buttons that go across the bottom
So you can just click in any of these sections like audio control the Bluetooth audio from here and switch sources
Then I've already mentioned your climate controls. You also have your phone button
Its gives you access to your contacts which automatically sync over as well as text messages
All the top 2 trims we do also have standard navigation
It's very responsive map
You don't have to have navigation though, you can use Android auto or apple carplay if you prefer to that set up
Bus pretty much just a quick covering of the main features
However, we do have a really detailed tech help video available
If you want to learn more a link to that is in the video description
Now moving on up board does nicely include this auto dimming mirror with your three Homelink Universal remotes on the SEL trim and up
And then turning over here, you'll notice the really large panoramic moonroof
Now this is optional on your SEL
titanium and ST
As you can see it's really large including this front panel which opens up on this all the way
So it gives you a lot of open airspace and includes your windscreen as well
But overall, I really like the way Ford balances sport and luxury in this cabin
Now I'll go ahead and hand it off to Mason to check out all the rear areas
In the back of the edge st you're going to find a large amount of space
You'll find forty point three inches of rear legroom and forty point six inches of rear headroom
That does place it larger than the Nissan Murano and Hyundai Santa Fe
Now the seat itself is made of that Alcantara and leather design. It's very comfortable and soft
Just like the front so you have leather where your armrest as was a stitch design above it
your window is power and
Down below that you do have some door storage
All edges do have nice amenities in the rear since they do come standard with these air vents and on the ST and
titanium you do have the option for these two-stage heated rear seats and
down below that you do have a 12-volt power outlet and
A looks like a house with a stop on that as well
And above that you do have a large storage area
As was a nice bit of harness so let the rap thing does have some cup holders in the end
Now up top
We do have this beautiful panoramic moonroof that really airs up the cabin and you do also have an assistive coat hook and LED lighting
Now behind rows five eight driving position I do have plenty of space
So I have probably six to eight inches of rear legroom and my feet do have plenty of room to move up under the seat
Sliding over even with the seat scooted all the way back. I still have several inches of legroom
So your space is not going to really be an issue in the edge
So overall, I'm a big fan of the edges rear seat
It's spacious and comfortable impacts a lot of the features that the luxury offerings have in the class
Now to fold the seat you do have this little handle if you want to do it up here
Where there are buttons and the trunk, which I'll show you in a bit
Now coming around to the trunk it is hands-free power on the titanium or optional on the st
So just wave your foot right under the bumper and it will open right up
So inside the trunk of the Edge ST you're gonna find another large amount of space
You're gonna find 39 cubic feet with the rear seats in place expanding to 73 cubic feet with them folding
That does make it larger than the Nissan Murano and Hyundai Santa Fe once again
now, of course
It is finished nicely back here with a nice carpet floor
And here's the buttons that I was mentioning earlier too powerful the second row. So just push it and it does fold nice and fast
In addition to that you do have a 12-volt power outlet as well as some storage areas and
Underneath the cargo floor you do have a spare tire
Now the passenger seat does have SD Brandi was the same beautiful design and on this model
It is 10-way power adjusting or it would be six way power adjusting on the lower models or fully manual
Now in front of the passenger you do have nice materials with the padded dashboard so with some faux carbon fiber trim
Down below that you do. Have a nice glove box
It's good-sized and dampen
And above that you do have a Sun Visor with a mirror and light you can also detach it and extend them
Well guys, that's all I'm going to cover up here
So now let's go ahead and see the big feature of the edge st which is the powertrain
Now of course this is the ste so we have the performance powertrain
however
Most edges come standard with a 2-liter turbo four and that produces 250 horsepower and 280 pound-feet of torque
Now for 2019 this 2-liter turbo does have more power than last year and that's a good thing because the optional three and a half
Liter v6 has been dropped from the lineup entirely
Now for the st. And the st only you've got a
2.7 liter turbo v6 and that produces
335 horsepower and 380 pound-feet of torque
As far as the transmission all models come with an 8-speed automatic
With standard front wheel drive or optional all-wheel drive
Except here on the st. Where you've got standard all-wheel drive
And then as far as your fuel economy's they are right in line with what you get from the Murano
So for your two liter with front-wheel drive
You've got 22 city 29 highway 25 combined
Drop into 23 combined when you add all-wheel drive and then here on the ST with its
2.7 liter and standard all-wheel drive. We've got nineteen city twenty six highway 21 combined
Well guys for you enjoyed watching this in-depth look at the 2019 Ford Edge ST
Stay watching for a quick look at the pricing and don't forget to those like and subscribe buttons below
We'll catch you next time as we sample more of the latest automotive delicacies
You
2019 Ford Ranger - First Review
Kelley Blue Book:
This is the fourth generation Ford
Ranger. We can't drive it yet, so I'm just
gonna climb all over it and talk about
it. That's all that's all. In 2011 the
Ranger was discontinued in the US but it
sold elsewhere around the world.For a
company who's all but walked away from
cars to focus on trucks and SUVs, the
mid-sized Ranger's reappearance now isn't
much of a surprise but something of a
necessity. The Ranger comes as a SuperCab that's the smaller cab but a larger
bed and SuperCrew, a four-door cab with
a shorter bed. There are three available
trim levels, the XL XLT and Lariat, and
Chrome and Sport appearance packages are
also available. Aesthetically the Ranger
is simple, but it's not boring. It's got
some of the same character features as
the beefier F-150. The raked windshield
and the high belt line definitely give a
sport truck look and helped with
aerodynamics, but I don't know, maybe it's
just me but does it kind of look like a
car.
But sporty good looks isn't enough. A
truck actually has to work. Ford claims
a best-in-class
payload capacity of 1,860 pounds,
and that it can tow up to
7,500 pounds when
properly equipped.
That's more than the Ranger's direct
competitors the Toyota Tacoma, Chevy
Colorado, and Nissan Frontier. That's also
the only one of those competitors that
doesn't have a V6. In the powertrain
department the Ranger's got a singular
option a 2.3-liter EcoBoost inline four
mated to a 10-speed automatic. It's
closely related to the 2.3.-liter in the
current Explorer, but the Ranger's version
of the engine is beefed up to make more
power. That engine should help the Ranger
in the fuel efficiency game, although EPA
estimates aren't available yet, but we'll
have to see how it puts that power down.
The Ranger comes standard with rear
wheel drive and an open differential, but
you can get a rear locker if you want it.
The 4x4 comes either way as well, but
this electronic rear differential will
make a huge difference with your
off-road capability. To that end the FX 4
off-road package is available. That
includes skid plates, an off-road tuned
suspension, and Ford's terrain management
system which has modes for grass, gravel,
and snow, mud and ruts, and sand. It alters
throttle response, transmission shift
points, and traction and stability
control. Ford's trail control system is a
sort of cruise control for low-speed
off-road driving and takes over braking
and acceleration functions. Like hill
descent or ascent features the system
deploys torque to each wheel accordingly
allowing the driver to focus on the road.
Both of those systems are also found on
the dirt monster Raptor. Of course, this
is the time in the video when we would
normally cut to me driving off-road like
a madwoman. We can't do that yet.
In the meantime here's footage of us
driving the Raptor like a madwoman. This
updated Ranger's got short overhangs in
the front and rear for better approach
and departure angles when you're driving
over stuff, and you've got monotube
dampers at the four corners with a
control arm front suspension and a live
axle setup at the rear. The front seats
are comfortable and very supportive. As
far as the design of the interior it's
simple but everything looks intuitively
laid out. There are some hard hollow
plastics, you know, but it's durable materials.
For a truck I would kind of expect that. As for storage up here, the center
console isn't that big, but it's a
midsize truck. In the rear there is some
great and creative under seat storage
right there,
and while the seat backs can go down. You have to reach all the way over here
to do that.They don't lie all the way
flat, and there's no storage behind here
to speak of except for the jack.
It's not a huge cabin, but again mid
sized truck.
Safety-wise automatic emergency braking
is standard across the board. More
advanced features like lane departure
warning, lane keep assist, a reverse
sensing system and blind spot warning
with trailer coverage are standard on
XLT and Lariat trims. Only the Lariat
trim gets adaptive cruise control
standard. Other options to pimp your ride
include Ford's Sync 3 infotainment system,
Apple CarPlay and Android Auto, Ford+
Alexa personal assistant functionality,
navigation, a Bang&Olufsen sound
system, keyless access with a push button
start, AC power outlets, remote start, LED
headlamps and tail lamps, wiper activated
headlamps, windshield wiper de-icer and my
fave, rain sensing wipers. Whew, that's a
lot! The Ranger XL's base price starts
around $25,000
including destination charges. The XLT is
mid-level and will relieve you of closer
to $28,000. The
Lariat is at the top end with a
commensurate price tag of about $33,000
Expect to spend
$40,000 when you start
loading up the goodies on a four-wheel
drive crew cab model.
Well, sadly we couldn't drive it today, but the
Ford Ranger will be driving out of
showrooms in the early part of 2019. And
check back here soon for a full review. I
promise I'm gonna make Micah drive it
like a mad woman with a wig on.
How to Replace the Coolant on a Chevrolet Cruze
Ryan Amy:
this video show you how to replace the
coolant on a chevy cruze before we get
started remember I'm an IT guy and not a
mechanic
so do your own homework but this process
worked for me jack up the front driver
side of the car and make sure you use
jack stands then you're gonna pop open
the hood after that we're gonna go
underneath the car to remove the plastic
panel there are four of these plugs what
you do is you get this tool and you put
it around the middle pin and then you
pop that one loose and then pop out the
big plug there are four of these under
here and I found it was a lot easier
using this tool than just a plain
screwdriver and I put the link for that
in the description once you've removed
those in the back of the panel should
move pretty freely and it's time to
remove the t20 Torx screws there's a
total of eight of them on this car and I
have an extra picture here so that way
you can see where they are to make a
little bit easier for you don't forget
to remove the ones in the corners in
this panel you will pull it out by
pulling towards the back of a car not
directly down that will reveal the
petcock valve which is on the passenger
side of the rear of the radiator you
want to put a 5/16 hose on it about two
feet and that makes it so you can direct
the flow rather than going all of your
garage floor you can direct it right
into a bucket
open up the coolant reservoir cap this
will let the air back into the system
and make it easier to drain underneath
the car open up the petcock valve to
release the coolant
then let it drain until it stops once it
does you're gonna close the petcock
valve to seal it back up using this
method I got about a gallon of coolant
out which is a little bit more than if
you hadn't jacked up the driver side of
that car the next step is to lower the
car and then remove the bleeder valve
that's on the top of the radiator on the
passenger side this will let the air
back out so you can get more coolant in
so we only got about a gallon of the
coolant although it has six quarts and I
want to get more of it out if you want
to skip this step you could just go
ahead and put 50:50 coolant in it right
now but I'm gonna fill it up with
distilled water and then drain it again
once coolant comes out of the bleeder
valve go ahead and seal that back up
then we're gonna get in the car and
bring it up to operating temperature to
get any air out of the system start it
up and then change the display so that
way it shows you what the coolant
temperature is turn the heater on to hot
and low that'll help get the rest of the
air out of the system just don't turn it
too high or the car will never warm up
while it's warming up watch the coolant
level and top it off anytime that you
need to once the temperature gets to
about 200 degrees you're good to go I
realized the thermostat opens at 220 but
that's above the boiling point and I
don't want to do that without the cap on
so replace the cap and took it for a
drive to get the coolant all mixed up
then I let it sit for an hour or so so
that way the coolant would cool off so I
wouldn't burn myself and I also wouldn't
put cold coolant in a hot engine drain
the coolant again using the same process
as before and when it stops close it up
and remove the hose and completely
remove the bleeder valve and we're gonna
fill it up with two and a half quarts of
full-strength
not the 50/50 that's how much we need to
get the 50/50 mix and the radiator when
we're done and top off the rest with the
distilled water
so once coolant comes out of the bleeder
valve go ahead and seal it back up
then we're gonna start it up and check
for leaks I'm gonna make sure nothing's
leaking is you don't want to be stuck on
the side of the road and bring it up to
full operating temperature and shut it
off make sure the coolant reservoir is
topped off and then closed the lid
you're gonna want to check this over the
next couple of weeks because it's the
air gets out the coolant level may drop
and it may need some more
then go underneath the car and replace
the plastic panel you're gonna want to
make sure you get the clips in the right
place it's a little bit of a trick those
have to slide on a portion of the car
and the only thing left to do is to
close the hood and admire your work.
You saved yourself a clean 100 bucks
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