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By on February 3, 2010


“We’re not finished with Toyota,” said Transportation Secretary Ray LaHood in an e-mailed statement to Reuters. Bad choice of words? Doesn’t that sound a tad vengeful? If a 900 lbs gorilla barks “I’m not through with you” at me, then I’m very afraid. Toyota should be too. (Read More…)

By on February 3, 2010

And the hits, they keep on coming. Now, brakes of the Prius flake out.

Japan’s transport ministry has received 14 complaints about problems with brakes on Toyota’s latest. The ministry has asked Toyota to investigate the complaints, says the Nikkei [sub.] “Those are purely reported cases, so we still need to investigate to find out where problems really exist,” said a ministry spokesman, who said that the number of complaint over such a short time-span “more than usual.” There is more in the U.S.A. (Read More…)

By on February 2, 2010

We overlooked a key point in our write-up on Tesla’s IPO plans: the profits Elon Musk has been touting are a mirage. As this balance sheet from Tesla’s IPO prospectus [read the whole thing at the SEC here, it’s a giggle] proves, Tesla might have fudged a one-month profit, but the company is hardly on a sustainable footing. Unless you consider seven million bucks in “gross profit” (including Zero Emissions Vehicle credits) enough to offset a nearly $29m operating loss, in which case, I’d like to talk to you about underwriting TTAC’s budget. This also puts into Tesla’s disclosure that it faces declining revenue into some scary perspective. Notch another one up for Farragoian skepticism

By on February 2, 2010

“Pedalgate” has kept me a bit busy, at the expense of Curbside Classics. But that and the “lawyergate” story kept our servers running as hot as the flames on this Cutlass, and we smashed TTAC’s recent page view record yesterday, with 114k page views. And the NY Times is using our pictures of pedal guts. Well, I’m getting a little tired of looking at pedal insides; how about a whole, (or almost whole) car? And to keep on the theme, how about one that broke records as well as jumps, literally. (Read More…)

By on February 2, 2010


Chrysler sales in January of 2009 were “Medusa class” ugly [down nearly 55 percent] in the always-apt words of one Robert Farago, which makes the Pentastar’s January 2010 sales [PDF release here] whatever 8 percent uglier than Medusa class is. The Chrysler brand was down 2 percent, with only the Sebring (+85%, 3,593) and Town & Country (+6%, 4,531) in the black. Jeep fell 8 percent despite growth in Compass (+52%, 1,244) and Grand Cherokee (+6%, 3,311) sales. Dodge was up one percent on strong growth from Avenger (+44%, 3,134), Journey (+55%, 4,790) and Caravan (+34%, 4,298), and the Ram brand fell 25 percent, with Ram pickup volume dropping below 10k units. Fugly? Heinous? Tragic? Pick the adjective you’re most comfortable with.

By on February 2, 2010

HUMMER is the big loser of GM’s dead brand version of “The Biggest Loser,” with an epic 2,493 vehicles left on lots after 9 months of “winding down” (not to mention the two plus years with a “for sale” sign stuck on the brand). As this table from GM’s January sales release shows, even Saab has trimmed more inventory since GM announced the cut to four brands last May. HUMMER did beat the Swedes in sales last year, barely, clocking 9,046 units to Saab’s 8,680. But Saab also sold more 9-7x Trollblazers (2,218) than HUMMER sold H2s (1,513). Figure that out. And people wonder why the Chinese government doesn’t want Sichuan Tengzhong to buy this hummer of a brand. [UPDATE: HUMMER’s Communication Director responds after the jump]

(Read More…)

By on February 2, 2010

Nissan scored another hit in its recent sales streak. Driven by strong increases of its passenger cars (Sentra: +41%; Altima: +32%; Versa: +18%), Nissan cars overall posted a powerful 37% increase from a year ago. The 370Z is the laggard, down 47%; perhaps from the heavy pony car trio of Camaro, Mustang and Challenger? Nissan trucks were down 8%, but the Titan is stabilizing, and was about even with last year. Infiniti was down 6% in January. Full chart here.

Meanwhile, Honda slipped: (Read More…)

By on February 2, 2010

Corporate fleet sales were back with a vengeance last month, as GM admitted that these lower-profit fleet sales made up a full 29 percent of its total sales in January. Those total sales, including the winding-down Pontiac, Saturn, Saab and HUMMER brands were up only 13.6 percent. Core brand sales were up 30 percent in total, but again, most of those gains were in fleet sales, as core brand retail sales gained only 3 percent over GM’s moribund performance in January 2009. Zoinks! Full release in PDF format here, details after the jump.

(Read More…)

By on February 2, 2010

First things first: TTAC reports gross monthly sales numbers, not adjusted for daily selling rate (DSR). That explains why (almost) everyone else is reporting Toyota as down 8.7%. Either way, it hurts. And it’s pretty obvious that the sales freeze and recall on certain products is a major contributor. Lexus cars, not affected, are up 11%. Toyota brand cars, hit hard by the affected Camry (down 24%) and Corolla (-11%) are down 12% overall. Toyota brand trucks took an even bigger hit, down overall by 28%, thanks in major part to a crash in Tundra sales, down a whopping 45%. Toyota managed to sell just 3,904 big Tundras in January. (Read More…)

By on February 2, 2010

Complete numbers for U.S. January 2010 light vehicle sales are pretty much in (subject to change.) They look mildly promising. Overall, Automotive News [sub] records a gain of 6 percent over January 2009 so far. Here are the sales reported: (Read More…)

By on February 2, 2010

Ford’s sales momentum continues unabated, as the Blue Oval has announced that its January sales were up 25 percent over January 2009 [full release in PDF format here]. Sales were led by a a strong performance from Ford-branded cars, which were up 54 percent as a category, with individual nameplates logging gains ranging from 33 percent (Focus, 10,389 units) to 121 percent (Taurus, 3,768 units). Ford Crossovers and SUVs were up 16.7 and 12.9 percent respectively, with most of the volume gains coming from CUVs like the Escape (+28.6%, 10,753) and Edge (+25.5%, 6,243 units). Ford truck sales were up 14.5 percent, with heavy commercial vehicles falling and the Ranger recording a strong 47.3 percent gain to 4,143 units.

(Read More…)

By on February 2, 2010

The media and “celebrities” are making hay over the Toyota recall issue, desperate to find evidence of electronic and software gremlins. We’re adamant in stating that Toyota needs to change their software to give braking priority over a stuck pedal, and to replace the pedals, of course. And there may well be genuine software or electronic glitches out there, but we’d like to see solid evidence of them. Instead, we’re stuck listening to Steve Wozniak’s experience with a faulty cruise control on his Prius. It’s being spun as an example of Toyota’s electronics gremlins, creating  confusion and scare-mongering. As if there wasn’t enough of that already. (Read More…)

By on February 2, 2010

Germany is suffering from Abwrackprämien-withdrawal. Message to dealers: Not this month, we have a headache. January sales are down 4.3 percent compared to January 2009. Only 181,189 new cars found their way on Deutschland’s roads. 4.3 percent may not sound earth shattering. But we are comparing with an exceptionally crummy January 2009, when sales were so awful that Berlin quickly launched their German cash-for-clunkers Abwrackprämien program. This time around, Germans bought even less. It’s been the most miserable January in some 20 years. (Read More…)

By on February 2, 2010

This spy shot was sent in to us by an anonymous tipster, who caught what appears to be an extended-wheelbase Ford Fusion Hybrid. But it’s not just stretched: those wheel arches are definitely not stock Fusion kit, which suggests that the Fusion Hybrid body might just be a mule body concealing an unrelated chassis under development. Can you spot any other clues that might hint at what we’re looking at? Got a guess? Let us know in the comments. [Thanks to you know who you are!]

By on February 2, 2010

Toyota Sienna boy band, Boyota from Jennifer Vuong on Vimeo.

Standard & Poors Equity Research [via BNET] says you shouldn’t dump that Toyota stock just yet.

Will the aggressive action of cutting production and recalling so many vehicles scare away potential Toyota buyers, or will consumers think the abundantly cautious response shows a commitment to customer care and quality? We think it is too early to tell, but we believe resilience and global growth of vehicle demand will help TM (Toyota Motors)

You know, until mechanics actually start finding malignant hellspawn demons within Toyota electronic throttle control units. In which case you should invest heavily in law firms. Meanwhile, Toyota is apparently hiring shamans to cleanse their new product of metaphysical infestation by way of bizarre voodoo ceremonies like the one shown above [Hat Tip: Vanity Fair Gay Cars blog].

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