1. VW GOLF 571,838 +23.9%
2. FORD FIESTA 472,091 +44.0%
3. PEUGEOT 207 367,160 -9.7%
4. OPEL/VAUXHALL CORSA 351,807 -2.5%
5. FIAT PUNTO 323,536 +15.9%
6. RENAULT CLIO 312,925 -6.8%
7. FORD FOCUS 309,134 -15.1%
8. FIAT PANDA 298,914 +33.8%
9. VW POLO 282,780 +2.4%
10. OPEL/VAUXHALL ASTRA 275,638 -14.1%
With all the now-distant brouhaha over the VW – Porsche tie up, it’s easy to forget that they started out as kissing cousins siblings, in more ways than one.
Starting this week, the fine citizens of Quebec will be required to take 24 hours of theory and 15 hours of practical driving instruction before getting their driver’s licenses. According to CTV, the provincial government has capped the expense of courses at $825 in order to prevent the cost from becoming too onerous of a burden on new licensees. Still, even in Canadian dollars that’s no chump change. And as instinctive as it is for me to resist this kind of regulation of personal mobility, mandatory driving instruction is common in much of the developing world (i.e. Europe). Moreover, the next time I’m on the interstate having an aneurysm over rampant on-road incompetence (let alone lane etiquette), I’ll approach the idea with a lot less libertarian zeal. Still, unless Ray LaHood (or Oprah?) gets more traction in the War on Distracted Driving, I don’t see the idea catching on in the US. Especially at the prices that Quebec is talking about. Do you think mandatory driver education is a reasonable option in these car-crazed United States?
Forget distracted driving, the new Shelby GT350 proves that obesity is the real epidemic in America’s automotive life.
Shortly after GM’s bankruptcy, we wondered why so many people were still trading “old GM” stock. After all, old GM stock is in a liquidation company with no chance of ever emerging from bankruptcy. In order to clear up any confusion, the SEC forced GM Liquidation (then GMGMQ) to change its ticker to MTLQQ. Apparently that didn’t work. CNN Money reports:
On Jan. 11, the first day of the big auto show in Detroit, about 41.6 million shares of MTLQQ exchanged hands. To put that in perspective, that’s more than the volume of Apple (AAPL, Fortune 500), Google (GOOG, Fortune 500) and IBM (IBM, Fortune 500) combined that day.
Holy fiduciary responsibility, Batman! The report goes on to note that MTLQQ is the ninth most-researched stock of 2010 at CNN Money, beating stocks like Microsoft and ExxonMobile. TTAC has expressed skepticism in the past about GM’s forthcoming IPO on silly grounds like the firm’s lack of profit, turmoil in overseas divisions, weak sales and questionable strategy. Frankly, this news makes us question whether any of these things matter. If a 70 cent (but worthless) stock in a company that has no bearing on New GM can rack up that kind of trading volume, clearly there are some unfathomable dynamics at play. Maybe a $60b GM IPO market cap is possible after all!
Recent comments on today’s Japan’s C4C program post and 487 billion similar web posts since Al Gore invented the internet make it clear that there is a lingering misunderstanding about the import of US cars to Japan. Specifically, that Japan has managed to stave off a tsunami of Chevy Cavaliers and all the other wonderful American cars that the rest off the world has been snapping up by the imposition of certain restrictions, barriers or other obstacles. It’s way time to shed a bit of light on the Toyota Cavalier and this subject of great import. (Read More…)
In case you were wondering, Ed Whitacre’s assessment that the Volt will “make a margin” at a price point “in the low 30s” is the GM Chairman/CEO’s second big lie in as many weeks. Well, lie might be a bit harsh. Gross and willful misrepresentation is probably more accurate. GreenCarReports‘ John Voelcker got in touch with a GM spokesman who confirms what we all pretty much knew from the get go: GM “has not officially announced final Volt pricing, a price in the low 30’s after a $7,500 tax credit is in the range of possibilities.” In other words, we’re back to the same old $40k-ish number that GM execs have been throwing around for ages. Unless GM is talking about the electric-only (non-range-extended) Volt that Bob Lutz recently confirmed. But what about the margin thing?
Despite everything we tell our kids, sometimes procrastinating and prevaricating actually pays off. Like this photograph, for instance. I’ve been wanting to do a Rabbit/Golf CC focusing on its role in succeeding the Beetle ever since I started this series, but the cars I kept finding weren’t genuine early (’75-’76) versions. So I just kept pushing it off. Then one day on our daily walk: bingo! A superb red specimen, exactly like the first Golf I ever drove. I shot its profile first, than moved to shoot it from the front quarter (above), and just as I was about to push the trigger, I realized there was a red Beetle in the background. Kazaam! It doesn’t get better than this if you want to tell the story of how VW replaced the Beetle with the Golf, especially considering how much dithering and just plain luck played into its birth and existence. It also perfectly captures the day I stepped out of my ’64 Bug and drove a new ’75 Rabbit; I couldn’t have staged it better. Children: there are times when dithering and dumb luck trumps all the (business) plans in the world. (Read More…)
Truck marketing is so out of ideas. Despite a few hesitant signs that the old “bigger, stronger, butcher” paradigm might be giving way to less primitive appeals to consumers, GM’s Tom Stephens has dragged truck marketing back to the stone age, issueing the following challenge to Ford [via Pickuptrucks.com].
You’re going to love our new diesel Duramax engine in the new Heavy Duty. You know what I want to do to prove it? I want to take our truck and Ford’s [new Super Duty] and chain them together back -to-back. Then I want to have them pull against each other. I know our truck will beat theirs.
Pickuptrucks.com has passed the memo on to Ford, in hopes of spawning a “V-Series Challenge”-type media stunt. Too bad it will never happen. When the trucks are evenly-matched, these contests tend to come down to driver skill, timing and luck. And what would that prove? Note to GM: if you want to market your trucks in wholly unoriginal ways, leave reality out of it and just make an ad showing your truck kicking the other trucks asses or mocking owners of competing brands. You know, the way the good lord intended trucks to be marketed. These guys have it figured out.
What, you thought Ray LaHood’s war on distracted driving would be limited to a lot of hot air, a do-nothing summit and a ban on federal employees text messaging in federal vehicles? Yeah, so did we. Turns out that the position of Transportation Secretary leaves plenty of time for windmill tilting, as the WSJ reports LaHood is back on his old hobbyhorse. The SecTrans is pushing for the federal ban on texting while driving, and he’s back to the old double-nickel strategy: deny federal highway funding to states that refuse to pass local bans on texting while driving. Which is certainly better than some of the more Patriot Act-esque enforcement methods LaHood had been considering. Still, didn’t the mess that was the distracted driving summit convince LaHood that it’s impossible to legislate against stupidity, especially when there’s such a lucrative business in perpetuating said stupidity? Guess not.
The Opel negotiations are stuck – again. By the end of January, GM wants to present its final plan for the restructuring of Opel. An important part: The workers. Opel workers are supposed to forego €265m a year as a contribution to the cause. The unions want a share of the Opel business in return. Suddenly, GM balks at it. (Read More…)
A strong team is only as good as its weakest link, particularly in the automotive industry. Treat your suppliers well and they’ll play fair by you. Try to screw them and they’ll collapse leaving you with serious production problems. Detroit (Chrysler in particular) had the worst reputation for treating their suppliers badly, but the Pentastar brand now claims to be trying to change all that.
There’s a lot happening in the world of cars these days, but few stories are as compelling as the emergence of two rival US-based firms created by two former bosses of the Chinese automaker Brilliance. At face value, both Hybrid Kinetic Motors and Greentech Auto are little more than visa scams: neither attempts to hide the fact that their fundraising plans involve a US Visa program (EB-5) which allows citizenship to foreign nationals who invest a half-million bucks in an American business. For additional scam warning points, both firms purport to use mythical hybrid engines and plan factories with annual capacities of a million units. But as easy as it is to simply write these firms as Chinese visa hucksters grifting the good folks of such towns as Tunica, Mississippi and Bay Minette, Alabama, they keep showing up in the news with stories that predecessors like ZAP would have given their stock-price-boosting-press releases for. To wit: the latest news that Alabama hopeful Hybrid Kinetic Motors has signed a half-billion dollar deal with Italdesign-Giugiaro, the largest order in the famed design house’s 42-year history.
U.S. auto makers need to find something else to kvetch about. The Japanese Trade Ministry said kankei nai ne (who cares, or more polite words to the same effect) and changed the Nipponese cash for clunkers program. If you trade in your clunker for a car imported from the United States, you now qualify for a government handout. According to Reuters, clunker cash will be given to buyers of “suitable cars imported under the “Preferential Handling Procedure,” a deal agreed with the United States in 1986 to speed the import of models that sell less than 2,000 units a year.” Under this program, cars are not properly homologated in Japan, and receive no official mpg rating. The lack of that rating excluded them from Japanese clunker largess. (Read More…)
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