Automotive News [sub] reports that supplier giant Denso, which is 23 percent owned by Toyota, will launch a competitor to Ford’s Sync system. The system, named Blue Harmony, will provide music, directions, e-mail, Internet radio, news headlines and other driver distractions through a touchscreen on the center of the instrument panel, according to Denso sources. The system will use Denso apps to bring Pandora internet radio, Facebook, Flickr and other web-based services to the Blue Harmony platform.
Buffett-backed Chinese EV firm BYD is back at the Detroit Auto Show after making its main-floor debut last year. Like most automakers, BYD has toned things down a bit this year, featuring the same vehicle it brought last year, the all-electric e6 crossover. Last year, BYD said the 250-mile, 14-sec 0-60 e6 would be coming to the US at an estimated $40k pricetag. This year, BYD’s Fred Ni is telling ABC that the e6 could be more reasonably priced, implying that it would be sold at a price point comparable to similar gas-powered vehicles.
In 1994, you could buy a base model Saturn for $9995 plus tax, tag and dealer fee. In 2002, you could buy a base model Saturn for $9995 plus tax, tag and dealer fee. In 2010, you may very well be able to buy an entry level Saturn for…. (Read More…)
Once upon a time, luxury brands built unique cars and added special editions for extra profit. Now luxury brands tend to build more cars based on volume brand platforms, the special edition seems to be giving way to a new phenomenon: unique luxury trim levels. GM has been a proponent of this system for some time, adding Denali trim levels to its GMC upgrades of Chevrolet trucks. Now, The General’s Cadillac brand has announced it will be adding Platinum trim level options to every vehicle that isn’t available in “V” form. The impetus for this is clearly the dream of coaxing BMW “M” or Cadillac “V”-style markups from consumers who don’t care about dynamics or power, but it also fundamentally undercuts Cadillac’s status as a true luxury brand… as well as Buick’s raison d’etre as an entry-lux brand. Or does it?
Despite Ford’s surging stock price, new models and rising customer confidence there’s always been that one bone of contention which had divided peoples’ opinion: debt. $35 billion of it. Though they’ve tried to restructure it, selling new shares and raising cash throughout 2009, it’s still a problem. But apparently it’s becoming less of a problem. ABC news report that Fitch Ratings upgraded their assessment of the risk of Ford defaulting on its debt obligations, basing their optimistic view on a better economic environment, the company’s stronger margins, increased market share and cash position. Oh yes, and a small matter of $5.9b in federal DOE retooling loans [full Fitch release here]. Ford’s Credit unit also received a hearty slap on the back from Fitch because of its improving access to capital, as its rating was raised from “CCC” to “B-“. But let’s not get carried away. While this is a positive step in Alan Mulally’s vision of a sustainable Ford, the rating still qualifies Ford debt as non-investment grade.
Another year passes and another Lincoln sprouts a baleen-feeder snout. Because familial consistency is more important than allowing innocent retinas to go unseared.
NPR reports that Hyundai’s Assurance Plan, which is widely credited for much of that automaker’s success since the financial meltdown, has been taken advantage of fewer thn 100 times since it was instituted a year ago. In that time, Hyundai has sold over 435k vehicles, meaning the program has cost surprisingly little. Hyundai Motor America CEO John Krafic explains:
we treat it almost like a kind of insurance, a kind of social insurance, so we had to make some, you know, financial set-aside for it. And in the end, it ended up being substantially below what our expectations were, thank goodness.
According to Krafic, the program took only 37 days to implement. [Hat Tip: ClutchCarGo]
The Cadillac XTS Platinum Concept, which debuts today at the NAIAS, is a look at the new Cadillac flagship which goes into production in early 2012. The XTS’s brief is to replace the moribund DTS and STS sedans, a task that Cadillac desperately needs done properly if it wants to be taken seriously as a luxury competitor. So why is the XTS concept little more than a glorified Buick LaCrosse?
The Federal Highway Administration (FHWA) will issue a final rule next month that will force states to spend an estimated $1.2 billion to implement the “511” traffic information hotline championed by former Vice President Al Gore. So far, thirty-two states have established telephone numbers that provide callers with pre-recorded traffic updates. The rule will standardize the data formats and required features that will apply to all the states, beginning with coverage in the top-fifty metropolitan areas.
Up to now, the M.O. of foreign joint ventures operating in China was that precious intellectual property was brought to China, where the working masses would turn it into cars. Now, the Chevrolet Sail marks a, well, change of tide.
Old China hands remember the Buick Sail. For quite a while, the Opel Corsa supermini had popped up all over the world under various guises: Vauxhall Nova, Chevrolet Classic, Holden Barina, Opel Vita, as the Chevy in Mexico, as Swing, Joy, and in China as the Buick Sail. In China, the Sail came down in 2005.
Now, a new Sail is sold in China. Not just made, but developed in China. (Read More…)
It’s definitely official now. The last word in Chinese vehicle sales has the China Association of Automobile Manufacturers (CAAM,) and the CAAM has spoken. Vehicle sales in China last year rose 46.2 percent to 13.64m units. This is not surprising, but it is nonetheless reassuring that the 13.6m number TTAC had reported last week was only 40,000 short. It is equally official that China is the world’s largest auto market, ahead of the U.S.A. by 3m units, more or less.
Vehicle sales in December alone rose 91.7 percent from a year earlier to 1.41m units in China, the CAAM said. Passenger car sales jumped 88.7 percent in the last month to 1.1m units. Full-year 2009 China passenger car sales are up 52.9 percent in 2009 to 10.3m. If passenger cars alone would count, then the truck and SUV happy USA would look like a 3rd world country: According to Automotive News [sub], only 5.7m new “passenger cars” drove off U.S. dealers’ lots in 2009, slightly more than half of what the Chinese bought.
Will the sales boom continue in 2010? Not as mad as in 2009, expects the CAAM. The manufacturers association expects growth to continue at a more moderate pace of 10 percent. This would mean 1.36m units in additional sales, or a total of a little less than 15m. Merrill Lynch is a little more bullish and thinks that the Chinese market will grow to 15.5 million vehicles this year, the Nikkei [sub] reports. A horrific thought to those who are scared that Chinese will use all our oil, and that melting polar caps will destroy the value of our waterfront properties. Wait, it’s getting worse. (Read More…)
Volkswagen and Suzuki aren’t wasting any time in consummating their marriage. VW is thinking of providing its hybrid technology to Suzuki. This is what Ulrich Hackenberg, head of VW’s Forschung und Entwicklung (R&D) told The Nikkei [sub] on the sidelines of the NAIAS in Detroit. As usual for a tight-lipped R&D guy, Hackenberg did not volunteer any details, timing or models.
Unusual for a usually tight-lipped R&D guy, Hackenberg said Suzuki has excellent technologies, including low-cost production know-how, and that the two firms have a lot to learn from each other. He also said VW will support its Japanese partner in China, where Volkswagen has a commanding market share, and where Suzuki needs help.
“What Volkswagen hybrid technology?” you will surely ask. (Read More…)
We’re going to stay with the finny-grilly theme a bit longer. The not-really-all-that-ugly Datsun F-10 was I.D.’d by DweezilSFV, who if memory serves me right, was a prior winner. Congrats! Let’s see what you all make of this little number.
Ok, it’s not exactly a new phenomena: car company shows a low and slick concept, and the final product looks like an obese baby seal. We took GM to task with its Volt bait-and-switch routine. And now we take on Honda, although probably not quite so ferociously; given that the gap between the CR-Z concept and production version is a tad bit narrower than the Volt Grand (Lie) Canyon. But the Volt was always intended to be a four-seater; not the CR-Z. Therein lies the Honda lie: it’s ok to just chop off the back of a sedan and call it…not good. (Read More…)
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