It’s a curious coincidence of history that the most anti-American parts of the globe are so dependent on old American cars. Havana is the classic example of this, and its still-rolling examples of classic American cars have become photographic icons, simultaneously representing both the failures of the communist government and the excesses of the preceding (but long-gone) American-backed regime. Another example of history written in the automotive landscape comes to us today from The BBC, which hosts a slideshow of cars from the Gaza Strip.
Chrysler has always held a special place in TTAC’s chronicling of Detroit’s decline, enjoying a bespoke “Suicide Watch” in contrast to our Ford and GM “Deathwatches.” In the first entry in that series Frank Williams wrote of a gutted firm, dependent on incentives and flagging truck sales, seemingly doomed to drag its foreign partner into bankruptcy. Four years and countless opportunities for death with (some) dignity later, Chrysler presents much the same picture. Sure, it’s been rinsed of debts and excess capacity in bankruptcy court, but the Pentastar’s brands are still fundamentally damaged from years of self-abuse and the firm is struggling (and failing) to improve on last year’s sales numbers, which were recorded en route to said bankruptcy. Inventory may be under control, but Frank’s four-year-old assessment of an investor warning by JP Morgan could have been written yesterday [with “DCX” replaced by “Fiat”]:
JP Morgan remains convinced that management patience towards Chrysler has “worn thin and increases the likelihood that DCX will reduce exposure to Chrysler.” It’s the investment community’s equivalent of yelling “jump!” to someone standing on a ledge.
In fact, analysts from London’s Bernstein Research wrote nearly the exact same line yesterday. Chrysler has officially shuffled back onto the ledge, and once again the analysts are shouting “Jump!”
Well, apparently, someone at Toyota shouted “yatta” (I found it) too early when they said that the GX 460 troubles will be solved with a simple reflash. As Robert Walter put it so succinctly: “Even God’s Own Motor Company couldn’t approve and roll-out a minor change from one day to the next …” A day later, Toyota agrees with Robert. The Nikkei [sub] has the news that production of the Lexus GX 460 will be halted through the end of the month. And the troubles are just beginning … (Read More…)
US District Court Judge James B. Zagel on Wednesday unsealed documents filed in the case against former Illinois Governor Rod R. Blagojevich (D). The 91-page document lays out in greater detail the evidence in the prosecution’s corruption case against a man charged with using his office to line his own pockets. One of the central money-making schemes alleged is a multi-billion deal to install High Occupancy Toll (HOT) lanes inside an existing toll road. Blagojevich announced the program in 2008.
When people get married, they normally follow it up with a honeymoon and (at least traditionally) the consummation of said marriage. So, when Daimler and Renault-Nissan got hitched, how do you think they’d celebrate their first year of marriage? Build a car a together? Announce a joint venture factory? Start sharing dealerships? No. They had an argument. Just like your old polyamorous married couple. (Read More…)
A day after Ford’s attempt to abscond with Volkswagen’s thunder, the boys in Wolfsburg delivered just the right antidote: Forget the single brand modern math. Stop moving countries around the map. Volkswagen Group’s worldwide deliveries grew 24.6 percent in the first quarter of 2010, says Europe’s (still) largest auto maker in a press release. The positive trend that lifted global automotive markets by 19.4 percent should not remain unnoted. Volkswagen is outperforming the market, and that means gaining market share.
And where does that first quarter growth come from? You guessed it: (Read More…)
It seems like the Chinese government is getting worried a bit about what Greenspan would have called „irrational exuberance“ in the Chinese auto market. If Greenspan would have worked for the Chinese. Would have been interesting. Anyway … (Read More…)
The European Car Manufacturers Association has released its March numbers for Europe. At first glance, they are promising: New car registrations in the EU (as defined in Brussels) were 10.8 percent higher than in the same month of 2009. In the EU27 plus EFTA (including Iceland, Norway and Switzerland) registrations rose 11.1 percent. From here on, we will use the EU27 plus EFTA definition, just like the industry usually does.
Are there two sadder words in the world of car design than “design intent”? Translated, the term actually means “the inevitable letdown after months (or years) of hype based on a buffed-and-polished prototype.” And for upstart California EV outfit Aptera, a slick, otherworldly prototype was a key to being taken even remotely seriously. Unfortunately, yesterday’s unveiling of the “design intent” Aptera 2e revealed a cheaper, droopier version of the vehicle Aptera had been collecting deposits on the strength of. Don’t believe us? Check out a gallery of prototypes after the jump, and compare for yourself. Besides, the vehicle wasn’t the only ugly part of Aptera’s presentation…
TTAC commentator VanillaDude asks: “So? What would a 2011 Checker look like?” If VPG has their way, it’ll be this, their MV-1, supposedly going into production in October of this year. Well, it may, or not, be a legitimate Checker successor, but its still a hell of a lot easier on eyes compared to what they were planning to build before they touched it up a bit and rounded off the edges. Here comes, so be ready: (Read More…)
We’re right on the verge of having 12 million in vehicle sales
UAW boss Ron Gettelfinger waxes optimistic in a recent speech at Wayne State University [via The Freep]. “Not so fast,” says Automotive News [sub]’s delightfully cranky senior editor, John K. Teahen Jr., in a piece appropriately titled 12 million sales this year? Don’t hold your breath.
It’s a line of attack that Ford has been careful to avoid in the US, but Ford Europe is lashing out at GM’s request that European governments help finance the restructuring of its Opel division. Businessweek reports that Ford of Europe’s vice president of government affairs Wolfgang Schneider laid into GM’s request for $2b, saying:
Restructuring your business is your own job and you should pay for it yourself and you should not use taxpayer money. We are definitely against any support for Opel. The Europeans have made the choice that they would use their tax money to sustain companies and business and to sustain capacity levels that from an economical point of view are not sustainable. We do not believe that governments will be able to continue that policy forever. Governments run out of money, as well.
Smackdown! Now, why hasn’t Mulally been saying the same thing for the last two years?
Someone has posted a treasure trove of Checker photos at Flickr, and I’ve pulled a few of the ads to share (thanks, whoever you are!) because they’re irresistible. Checker obviously couldn’t afford the big agencies and ad campaigns, but their quaint and home-baked ads are as compelling in telling the Checker story as the cars themselves. (Read More…)
After much back-and-forth, it seems that the Camaro convertible is a sure thing after all, as this picture has surfaced at the Camaro’s Facebook page. Would you friend it?
For sixty years, Checker Motors had a record unbroken run of profits building a few thousand cars per year in a small little factory in Kalamazoo, Michigan. In 1981, it posted its first loss, $488,326, and its owner made good on his threat to stop production of the iconic Marathon if his workers didn’t accept wage concessions. But Checker continued to stamp out body parts for GM into 2009, including for the Buick LaCrosse. The Carpacolypse of 2009 finally shuttered the ancient plant, but no need to shed a tear for the original owner’s son, David Markin: his wealth is estimated at over $100 million. And it was all due to a shrewd investment of $15,000 that his father made in 1920, which put him in the driver’s seat of Checker Motors. Let’s take a ride through Checker’s history. Taxi! (Read More…)
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