This week’s most impactful OEM headlines, including:
- Key Scion Models Live On as Toyotas – But Get New Names
The Detroit Bureau says despite the death of the scion name; several key models will continue to live on under the Toyota name. Three models (including the Scion Fr-S and Im Hatchback) will be rebadged using names more familiar to Toyota buyers. - Volvo Beats Tesla At Its Own Game With The New XC90 T8 Plug-in Hybrid
Forbes reports that as part of its electrification strategy, Volvo will eventually outfit all of its vehicles with a plug, be it for either a plug-in hybrid or all electric powertrain…starting with the XC90 T8 twin engine plug-in hybrid. One of the stand-out features…a gear stick made exclusively from crystal glass. - We Could Be Seeing a Mercedes-Benz Pickup Truck Very Soon
According to Fortune.com…Mercedes-Benz is reportedly planning to debut its new pickup truck this year. It’s currently unnamed, but fortune says it will likely be called the “X-class” and will be presented for the first time at the Paris Motor Show in October. - Fiat Chrysler can now tap U.S. unit’s cash
Good news for Fiat Chrysler. USA today says FCA has eliminated certain conditions (or covenants) previously tied to two loans, and that will free cash from its U.S. subsidiary for use by the parent company. It adds…after fiat completed its acquisition of Chrysler in 14, the combined company did not have direct access to Chrysler’s cash due to the debt covenants and a cap on dividends.
