Here’s some Saturday morning pictorial randomness to start out the day. Shall we have a thetruthaboutbuses theme today? I’m very fond of them. These folks living in this lot have a pretty wide variety of transportation options ready to roll, right down to the Cozy Coupe. They’re probably off riding their gas powered skateboard.
Premium cars are a hard sell? Not in China. The Chinese developed a ravenous appetite for Germany’s luxury brands. In January, all three German premium makes, Audi, BMW, and Mercedes, more than doubled their sales, reports Das Autohaus. (Read More…)
Incentives are a tricky hand to play. On one hand, you can’t be mean in putting cash on hood, because you want to bring customers into your showroom. On the other hand, too much cash on hood, looks bad and in the long term, it’s proven to be bad for business. So, Edmunds’ January 2010 incentive figures for the United States [release via benzinga.com], were a very interesting read.
(Read More…)
What words shall we use to describe this 1978 Cadillac Eldorado Biarritz Classic Coupe? (actually, it might be a 1978 Cadillac Eldorado Custom Classic Biarritz Coupe). Maybe we don’t need any more words at all; the name pretty much says it all. But let’s throw a few at it and see if they stick: faded glory, wretched excess, the last big Eldorado, the perfect symbol of the seventies, the Bizarritz, a bloated horror, a handsome classic; we could go on all day (and I invite you to add your own to the list). Or we could just look at it in wonder (horror?), this vivid reminder of just how far we’ve come as well as Cadillac with their new CTS Coupe, since the decade when this Eldorado and its Lincoln Mark IV and Mark V counterparts roamed this land, proud and unfettered. (Read More…)
Based on the emails I’ve been receiving from TrueDelta’s members, I have underestimated the impact of the unintended acceleration fiasco on Toyota’s future sales. This fiasco is going to hurt Toyota, possibly for years to come. The problem isn’t that many people feel that Toyotas are unsafe. Most seem to recognize that a very small percentage of Toyotas have suffered from unintended acceleration. But they’re hearing about problem after problem, so Toyota’s quality seems to be lower. Most of all, Toyota’s public statements have seemed dodgy, and people seem to feel that they cannot trust the company to keep owners’ best interests or even their safety in mind.
Does Tesla’s S-1 SEC filing leave you worried about the state of EV startups? The great thing about the seamy underbelly of the EV industry is that there’s always a shadier prospect out there to make even marginal cases like Tesla look good. Our perennial favorite in the EV vapor game is ZAP, the erstwhile maker of the Xebra EV (interestingly, the Xebra still shows up on ZAP’s webpage). Zap’s latest play in its never-ending quest for press-release fodder: a tie-up with (get this) a South Korean optics company, best known for its camera lenses and closed circuit TV security systems. Because sometimes you have to cross an ocean to find a sucker big enough to say things like:
Samyang decided to partner with ZAP because of its extensive industry knowledge in electric vehicle production and the breadth and maturity of its current line of electric vehicles
Oh dear.
I’ve been warned before by the B&B not to read too much into the forward-looking statements in SEC filings, especially the ones where companies ruminate over all the things that could still go wrong with their struggling firms. These legal disclosures of worst-case-scenarios often reflect unlikely scenarios and can be downright misleading, so we held off from diving too deep into Tesla’s IPO S-1 filing [complete document here]. Others around the web have jumped in without compunction, and this week has yielded a steady drip of troubling revelations. It’s a wild and woolly collection of issues, but given that people are going to be asked to invest in this nightmare of a company, it’s only fair that we give the grievances an airing.
First President Obama said the Senate may forego passing cap-and-trade, by far the most critical piece of the energy legislation that’s brewing on Capitol Hill. And now, the Environmental Protection Agency is suddenly pushing snake-oil, uh, corn-based ethanol in the latest iteration of the renewable fuel standard [proposed rule PDF], claiming that its substitution for gasoline will reduce greenhouse gas emissions. This contradicts an earlier renewable fuel standard iteration, and most studies of the matter, including a 2008 study in Science, which found that “corn-based ethanol, instead of producing a 20% savings [as per typical life-cycle studies], nearly doubles greenhouse emissions over 30 years and increases greenhouse gases for 167 years.” [Ed: for more on the corn ethanol sham check out TTAC’s E85BOTD archives]
Oy, will they get slaughtered for that: So Toyota Prez. Akio Toyoda met the press late in the Japanese evening in Nagoya. And what did he say? Basically nothing. He said he “ordered swift action” to get a grip on the reported brake problems of the (in Japan) wildly popular Prius hybrid. But he didn’t say anything else. Recall? Shirimasen. (I don’t know.) Free repair if customer requests it? Shirimasen. Computer reflash? Shirimasen. Does Toyota know what’s going on? Shirimasen. Apparently, LaHood’s threat of bodily harm was lost in translation. (Read More…)
Toyota’s President Akio Toyoda will do something highly unusual tonight: The usually reclusive CEO will meet the press in Nagoya on Friday night at 9 p.m. Japanese time to discuss product quality, says the Nikkei [sub]. Toyoda won’t face the Fourth Estate all alone. Executive Vice President Shinichi Sasaki will also attend, and hopefully deflect the worst.
The press conference is not for Japanese consumption. Friday night at 9, most papers are put to bed, and the evening news are over. The meeting is for U.S. consumption. Friday night at 9 in Nagoya is 7 a.m. in New York. (Read More…)
Yesterday, we reported that China wants to be a market of 20m cars in 2012. We didn’t predict that, just reporting the news, ma’am.
A hue and cry ensued: “Can’t be!”
Commentator ohsnapback, who’s forte is lawyering, a much more complex field than economics, prognosticated an immediate burst of the Chinese bubble, with a mega tonnage of more than 100 times of our housing bubble. The argument was promptly defused. After all, China doesn’t borrow money. They lend it. Mostly to the U.S.
Then, commentator ra_pro rolled out the really big ordnance: “As I said many times previously: Demography is Chinese destiny as it is Japan’s.” If people would only stop prattling on about demographics, and would check their data first. (Read More…)
No one guessed the 1971 Ford grille. That sure doesn’t happen often. So I’ll shut up (which doesn’t happen very often either) and just let this picture do the talking.
We can get ourselves in a tizzy about the defects and quality issues in new cars, but it’s sometimes good to have a little perspective. How would like to try to keep this Maserati Quattroporte stretch limo running? No e-pedals on this baby, but look at that bank of Webers to keep tuned and synchronized. (Read More…)
Ford says emphatically no, but the evidence (such as it is) indicates certain similarities. Let’s take a look…
Recent Comments