Analysts will have a lot of uncomfortable questions tomorrow when Chrysler reports post-bankruptcy financial results, while Fiat unveils “la strategia grande” domani in Italy. They will finally unveil their long-awaited 5 year plan.
According to Reuters, “more questions than answers could still remain about Chief Executive Sergio Marchionne’s turnaround strategy.” The most uncomforting question will be: “Are you sure?” (Read More…)
Having helped launch the fad for four-door coupes that’s currently sweeping Europe with its CLS, Mercedes-Benz wants to move the game on to a whole new niche with this CLS Shooting Brake five-door hatchback. This styling concept [via Autocar] bridges the gap between Mercedes’ current design language, and its next-gen look, which was previewed in Geneva by the F800 Style Concept.
Chevrolet made some interesting choices when it introduced the Camaro. The base model had an interior more worthy of a taxi cab, especially the steering wheel, to ensure buyers would more likely check of the Custom Interior package. But where the Camaro really deviated from the Mustang interior formula was with its column shifter for the Powerglide automatic, and an available “Strato-Back” bench front seat. Why? (Read More…)
China is rapidly becoming the world’s largest market for luxury cars. This is the conclusion of a study by the respected Institut für Automobilwirtschaft (IFA) of the university of Nürtingen-Geislingen, near Stuttgart. The study was made in cooperation with the likewise renowned Anting Automotive Academy of the Tongji University in Shanghai.
The study predicts that by 2015 two million premium cars will be sold in the PRC. That is four times the current uptake of luxury cars. In 2009, Chinese bought 500.000 cars for the upper class. (Read More…)
Fiat Chairman Luca Cordero Di Montezemolo will be leaving the firm to pursue a career in Italian politics, according to Automotive News [sub]. Montezemolo will remain on Fiat’s board, and will continue to serve as chairman of Ferrari, but he will be replaced atop the Fiat empire by vice-chairman and Agnelli family heir John Elkann. Fiat’s shares rallied considerably this morning, according to Bloomberg Businessweek, but not because Montezemolo is on the way out. Rather, Fiat has finally announced the news that speculators have been waiting patiently for: the firm now confirms that it plans to spin off its auto business.
You wake despite the hope that you would never awake, that it was all just a bad dream. But you know she’s there in the bed next to you. In the early gray light of morning, your bleary eyes reluctantly open and fall on her mottled and pallid white skin. She seemed so hot and glamorous last night, in the sparkly beams of light on the dance floor at the Rockin’ Rodeo. Everyone always raved about Camaro, what a hot number she was, and how you just had to have one some day. And last night there she was, and you finally screwed up your courage to ask her for a dance. At the time, all you could see were those hips, those glorious bulging hips. You just knew they promised action, despite the fact they weren’t hardly moving at all. Oh yeah; she was saving her energy for the big run, the final blast, you kept telling yourself. But it never came. (Read More…)
Patent drawings of what appears to be a compact/subcompact MPV bearing the Chevy Volt’s grille have surfaced at GMInsidenews, setting off much speculation as to what it all means. And boy is there room to speculate. Initial impressions are of a Chevy Orlando/Buick Granite with a Volt-alike grille, but upon closer inspection the line drawings appear to show a smaller vehicle. After all, Orlando is supposed to offer a seven passenger option, and it’s hard to imagine sitting aft of those rear doors. And yet the Volt drivetrain was built around GM’s Delta II platform, which underpins both the Orlando and Granite (in concept); why would GM downsize its expensive EREV to the Aveo’s Gamma II platform before building out Delta II variants?
The volcano on Iceland spews trouble for auto manufacturers. Ever since most of Europe has been declared a no-fly zone, just-in-time bit the dust. Literally.
Today, the lines stopped at the BMW factory in Dingolfing, writes Automobilwoche [sub]. On Wednesday, the lines will stop moving in Regensburg and on Thursday in Munich. More than 7000 bimmers are affected. The reason: Electronic parts that usually get flown in. Icelandic ash brings production lines all over the globe to a grinding halt … (Read More…)
The motoring public in Queensland, Australia has foiled a police effort to deploy “covert” speed cameras across the state. Police have expanded their fleet of unmarked vehicles equipped with automated enforcement devices in an effort to boost the number of citations issued. The idea is to ensnare drivers “anywhere, anytime” by blending in with ordinary vehicle traffic in vehicles as diverse as a Toyota sedan, a Volkswagen Golf, a Mitsubishi Lancer, a Subaru WRX, a Hummer H2, and various types of trucks and SUVs.
What is a car dealer’s most profitable business? Selling new cars? One would think so, judging by the amount of money invested into metal, marble and glass used to move new cars. But it’s wrong. If a dealer is good, his new car profit contribution is in the single digits. What makes money in a dealership? Servicing the cars. And selling used cars. As Buickman and Steven Lang will confirm: A dealer often can make more money re-selling a trade-in than selling a new car. This must have dawned on someone at Volkswagen … (Read More…)
Chrysler is considering bringing a Fiat-engineered subcompact sedan from Serbia to North America under the Chrysler brand. The Chrysler brand product plan, unveiled in November, called for a Fiat-derived subcompact sedan to be imported in 2013. The vehicle would be built in Kragujevac, Serbia, where Serbian automaker Zastava Automobili once made the Yugo.
Chrysler? Fiat-engineered subcompact? The Yugo plant? C’mon Automotive News [sub]… April Fools was weeks ago. Besides, this seems too cruelly ironic to even properly be a joke. Remember, these little gags have to come from a place of love…
Ahead of Fiat’s 5-year plan presentations, Automotive News [sub] is reporting that the Turin-based firm is developing a four-door version of its 500 subcompact. And not just to take on Europe’s Opel Meriva and company: the 500 Multipla will be then fourth and final member of the US-market 500 family.
Since GM has only recently come out with GAAP-approved financials, determining the company’s value isn’t easy. Still, The Detroit Free Press‘s Tom Walsh reckons The General is worth more than Ford, despite the fact that GM recently fell out of the Fortune 500’s top ten (and below Ford) for the first time in its 100+ years of history. What gives?
When GM was lobbying for a federal bailout back in the Fall and Winter of 2008-09, desperate times called for desperate measures. Unable to explain why 30+ years of decline didn’t open The General’s corporate eyes to the need for change back when it could still afford it, pro-bailout agitators reached for the most divisive, debate-squelching justifications for a billion-dollar handout they could find. Whether that meant accusing opposition of weakening national security, ingratitude towards the outcome of WWII, racism, classism or even more racism, GM’s pro-bailout campaign left no wedge issue or leverageable political identity untouched. And man, are old habits hard to kick. The Detroit News reports that:
General Motors Co. is making a pulpit pit stop today as part of its accelerating quest to change perceptions among buyers, boost market share and reach new customers — particularly minorities.
Recent Comments