Yesterday, the Wall Street Journal wrote: “Hell, in modern imagination, is not a place of fiery lakes and acrid fumes. It’s a maze of deposition rooms you can’t escape, where nothing is what it seems. That’s where Toyota has landed.“
Welcome to hell. (Read More…)
Supreme court justices in Missouri yesterday openly questioned the constitutionality of the red light camera program in the city of Springfield. The high court heard oral arguments in the case of retired highway patrol officer Adolph Belt, Jr. who attempted to defend himself in a court of law against the automated citation he received in the mail from Lasercraft, a UK-based camera vendor. Springfield insisted that Belt had no such right and that an administrative hearing presided over by a municipal judge constituted the first and last appeal in the matter. This procedure raised eyebrows among members of the high court, as administration represent a function of the executive.
Hyundai’s fourth quarter profit quadrupled over last year’s fourth quarter results, reports Bloomberg, as net income hit $822m, up from $210m in the same period last year. Operating profit rose 44 percent to $722m. This comes despite an increase in the value of the Won, which has reduced profit on Hyundais exports, which make up half the firm’s revenue. And unlike other automotive firms reaping surprise year-end profits (like Ford), Hyundai’s gains come from increased sales rather than cost-cutting. Hyundai’s overall sales rose 14 percent to 3.2 million units last year, driven by growth in the US and Indian markets. Hyundai finished 2009 with just over five percent of the world market. Hyundai expects sales to rise 11 percent in 2010, and the firm is looking to take advantage of Toyota’s weakness by offering conquest incentives like those now offered by GM, Ford and Chrysler.
What got into the German unions? The powerful German metal workers union IG Metall is vehemently against government aid for Opel. The Berlin paper Der Tagesspiegel writes that union chief Armin Schild appealed to the federal government in Berlin and to the Opel states: “No government aid should be given on the basis of this restructuring plan.” (Read More…)
The Obama administration either decided that Toyota has been sufficiently maimed and weakened to give its wards of the state some breathing room (a theory rising in popularity amongst some conspiracy buffs), or Toyota has definitely found the definitive cure for UAS (unintended acceleration syndrome). Be it as it may, the NHTSA has approved the shim fix, says Reuters. If the Wall Street Journal got it right, recalled Toyotas may also get a re-flash, and a feature amiss in most American cars. (Read More…)
Update: To see all of TTAC’s related articles on the subject of Toyota gas pedals, go here:
In yesterday’s post , we offered a bounty for anyone to open up both the CTS (bottom) and Denso (top) Toyota gas pedal assemblies. No one took us up, and no one anywhere else has done it, so we took it upon ourselves . Here they are, both e-pedal assemblies taken apart and examined, in our quest to understand if and what the significant differences are, and how Toyota’s possible “shim” fix would work. On initial observation, it appears that the CTS may be perceived as being the more solidly engineered/built unit, in that the pedal pivots on a traditional and solid steel axle whose bearings are brass or bronze sleeves. The Denso’s whole pivot and bearing surfaces are relatively flimsy-feeling plastic. But that can be deceptive, and we’re not qualified to judge properly if it is indeed inferior or superior. So the question that goes beyond the analysis of these e-pedals is this: are these units really the full source of the problem, or are they scape goats for an electronics and/or software glitch? Pictures and tear down examination and analysis follows:
Update #2: It’s clear to me now that the CTS unit I took apart already had the side cover plates (sheet metal) removed before I examined it. One can see where they fit, and are obviously intended to protect the exposed axle pivot and bushing seen above and below:
(Update #3: Also see our follow-up stories on Toyota’s fix and our replication of the fix and its results)
Toyota hopes to re-open its shut NA plants by the end of February. Then, sales of eight recalled models will be re-started, said “three sources briefed on plans” to Reuters:
Also, if the shim solution is approved, Toyota dealers can begin fixing flawed accelerator pedals as early as next week, said the anonymous sources. (Read More…)
When a Japanese company NFSWs up in a big way, it is customary that the CEO says “honto ni moshiwake arimasen” (“I am deeply, seriously sorry”) in front of running cameras, takes a very deep bow and exits stage left, not to be seen or heard of anymore while someone else takes his job . That’s just the way Nipponese crisis management works.
Not so at Toyota. (Read More…)
Here’s some gutsy news from one of the gutsier companies around. Tesla filed papers for an initial public offering (IPO) today, hoping to raise up to $100 million. In its Form S-1 registration statement with the SEC, the Silicon Valley start up said the stock would be issued “as soon as possible”. That part is not very surprising, coming on the heels of securing a $465 million loan from the DOE to help build the Model S. But deeper in the that filing comes a couple of juicier facts: Tesla has lost some $236 million so far, and plans to kill the Roadster, its only product on sale, in 2011. (Read More…)
The Japan Automobile Manufacturers Association today officially conceded defeat and yielded the title “world’s top automobile manufacturer in 2009” to China, reports the Nikkei [sub]. The world had known for quite some time that China made more than 13m cars in 2009, and that Japanese production was a mere shadow of its former self. But it needs some time to sink in and to make it official.
Note: All that follows are production data, as opposed to sales data. In China, production data nearly equal sales data. Couldn’t be more different than in Japan. Here, usually twice as many cars are made than sold. Half of the Made in Japan cars are exported. Usually. Let’s see what happened this time. (Read More…)
I wasn’t going to do this car today. But venting my spleen on yesterday’s 1971 Ford Galaxie 500 and all the discussion it prompted forces the issue: what was the best of the big popular-priced big cars of the era? Having handily eliminated the Ford from the running leaves a tough choice: The Plymouth Fury/Dodge Polara, or the Chevy Impala. Now I have a pretty major soft spot for the big Mopars of the era, and I wrote quite the paean to a ’69 Fury here. But that memorable ride was colored by the circumstances of the day. Truth be told, both the big GM and Mopars had it all over the Fords, but there were a few crucial differences between the two; one in particular. (Read More…)
Ford’s announcement that it would restore merit pay increases and 401k matching to salaried employees has drawn protests from the UAW even though it has restored profit-sharing for UAW workers. The UAW’s head of Ford representation Bob King tells the Detroit News:
They’re two separate issues. We gave up a long laundry list of benefits. None of that is being restored. We think they should use the money to pay down debt
We agree that they’re not linked,” say Ford spokesfolks. “But we don’t believe that we violated the contract.” And while the union bashes Ford for restoring white-collar benefits, it’s actually reaching out to salaried Delphi retirees, as MLive reports that UAW boss Ron Gettelfinger has written a letter to Delphi asking it to restore salaried pensions which are being cut. So does the UAW support salaried auto industry employees, or does it see them as an opponent in a zero-sum game? More than likely, the answer is neither. Or both. As this video of chaos breaking out at a UAW meeting of NUMMI workers seems to indicate, the UAW is still an out-of-control juggernaut, unable to share a coherent perspective on the industry. But hey, thanks to their ownership of a majority stake in Chrysler and about 15 percent of GM, they’re an out-of-control fact of life.
Kudos to Edmunds Inside Line for throwing up pictures of two Toyota gas pedal assemblies. The recalled unit, made by CTS, is shown above in a 2010 Camry. The non-recalled Denso-produced unit is after the jump.
So you thought the Saab deal is done? A deal is never done until the check clears. Speaking of clearing, Laurence Stassen, a member of the European Parliament, and a member of the Dutch Partij voor de Vrijheid (a right-of-the-center party in the Netherlands) is seeking clarification from Competition Commissioner Neelie Kroes.
Vrouw Stassen wants to know if there is any forbidden state aid involved in the Saab/Spyker deal, the Dutch news site NU.NL reports. The Swedish government guarantees a loan of €400m, which Spyker then is supposed to get from the European Investment Bank. Spyker is, well, banking on that money. (Read More…)
Staff from the House Energy and Commerce Committee met with representatives from Toyota yesterday, reports Automotive News [sub], as Congress wades into the Toyota recall debacle. According to a letter from the Energy and Commerce Committee to NHTSA administrator David Strickland and Toyota North America Boss Yoshimi Inaba [letters available in PDF format here], the discussions with Toyota were characterized as “helpful,” but that “it left important questions unanswered, including when Toyota learned about this serious safety defect and what actions the company took to investigate and resolve the hazard.” Hearings have been scheduled for February 25, and the Committee’s letter to Inaba requests disclosure of all internal communication related to to the production shutdown, among other company documents.
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