Auto News For Wednesday, October 21, 2015 – Ferrari IPO, Tesla Unrecommended
Here are the five must-read, must-watch auto news stories, recalls and videos for Wednesday, October 21, 2015.
Just as car buyers are willing to pay top dollar for the Ferrari cars, it turns out that investors are willing to pay top dollar to own a piece of the company, too. Ferrari’s IPO raised $893 million for Fiat Chrysler Automobiles.
Consumer Reports’ writers are huge fans of the Tesla Model S, but just because people who work for the publication enjoy driving and looking at the car doesn’t mean it will inevitably be reliable. And it turns out, the Tesla Model S isn’t as reliable as the average new car. As a result, the Model S is no longer on Consumer Reports’ recommended list.
With American Honda’s embargo lifted – writers drove the car weeks ago – we’ve been bringing you reviews of the tenth-generation 2016 Civic all week: videos from AutoGuide and Cars.com and Automobile Magazine’s effusive take, too. Now it’s Car & Driver, where the base 2016 Civic 2.0L with a six-speed manual led Steve Siler to write, “Honda has once again taken up the cause of building basic transportation that doesn’t feel basic.”
The Honda HR-V outsold the Honda Fit by more than four-to-one in the U.S. in September. But it’s not quite as simple as saying, “Crossover good, subcompact car bad.”
Yesterday, Chris Harris published his video on the baby McLaren, the 570S. But last week, Harris drove the more significant McLaren 650S alongside the Porsche 911 GT3 RS and the Aston GT12.