Hybrid drivers rejoice! You are in the process of being replaced as the trolls of the automotive world by EV drivers like this one. What this Tesla pilot clearly doesn’t understand is that his/her license plate is every bit as self-satisfied and obnoxious as this one. And nowhere near as clever or inventive as this one.
It is not at all clear that the greatly accelerated pace of the dealership closings during one of the most severe economic downturns in our nation’s history was either necessary for the sake of the companies’ economic survival or prudent for the sake of the nation’s economic recovery
Whoops! Who could have thought that the biggest political fight of the bailout era was picked over something never really needed to happen. At least, not according to the SIGTARP, the Special Inspector General for TARP, Neil Barovsky. In his latest report on the GM and Chrysler dealer cull [full document in PDF here], Barovsky explodes a lot of the myths surrounding the move to accelerate dealer closings, and even goes so far as to assign real blame… and not to GM or Chrysler either.
We don’t know for sure, but Dr. Sanjay Mehta (TTAC commentator doctorv8, awesome brother) did the deal on a 2010 Corvette ZR1 for 0% while the autoblogosphere still had it in editing. Not that the Internet is slow, he’s just that damn fast.The dude’s been keeping tabs on the inventory nightmare, calling out for GMAC’s corrective action on the Corvette Forum…almost a month ago. It’s so nice to see the two brothers speak The Truth About Cars, via different media.
(Read More…)
If GM wants to pull off a smashing IPO, they need smashing numbers. There are people they can learn from: Their friends and joint venture partners at China’s SAIC. China’s largest automaker (they have joint ventures with both GM and Volkswagen, can’t get any bigger), said first-half profit may have more than quadrupled from a year earlier, reports Bloomberg. And the secret to their success? (Read More…)
With President Obama set to sign a new financial oversight bill into law on Wednesday, the New York Times has dug into the bill looking for key oversights. Because auto dealers were exempted from the bill (thanks at least in part to their mobilization by the GM/Chrysler dealer cull), auto dealer finance tactics ended up square in the NYT’s crosshairs, and paper’s Your Money blog has a rundown of three of the most heinous of these tactics: the Yo-Yo, the Markup and the Add-On.
The Wisconsin Court of Appeals on Wednesday overturned the conviction of a woman arrested for driving under the influence (DUI) because she smelled of alcohol. Brittany A. Meye, 22, stopped for gas at a Kwik Trip gas station on January 22, 2009 just before 3:30am. A Pewaukee police officer claims that he caught the scent of intoxicating beverages as Meye and her passenger walked past him into the store. After a few minutes inside, the pair returned to their vehicle, and the officer arrested Meye as she got behind the wheel. The appellate court found the officer’s response inappropriate.
Ok, so we heard that BYD is moving onto the home appliance market. Now, BYD takes development to a whole new level We hear that they will build whole homes! No drywall comments, please, these are environmentally friendly homes. China’s electric car manufacturer BYD Auto teamed up with California’s KB Home to build new energy homes in Lancaster, California. The first-phase construction of the project has recently been completed, Gasgoo says. (Read More…)
Honda is moving closer to the grid. Honda is working on on a plug-in hybrid, and an all-electric car. It will take a while until they are ready, if you want one, you need to wait until 2013. Toyota is a step and a year ahead: ToMoCo will begin mass production of plug-in hybrids and electric cars in 2012. (Read More…)
So when you thought things at Toyota are getting back to normal, what with NHTSA backpedaling on their ghost in the machine busting attempts, here comes a biggie: A federal grand jury in New York served Toyota with a subpoena, seeking information relating to defects in its steering relay rods. Fancy lawyers call that a subpoena duces tecum, and charge more. The Washington Post reckons this might “potentially widen an investigation that began with reports of sudden unintended acceleration.” (Read More…)
17 year-old Steven Ortiz is the envy of his friends at Charter Oak High School. The reason? He drives a Porsche Boxster S to school. And before you say it, it doesn’t belong to his parents. It’s legally his. Now I know what you’re thinking at this stage, “How does this punk drive a Porsche to school and I had to make do with a Ford Pinto?” Well, the answer lies with 3 things, an old mobile phone, a little time and Craigslist. (Read More…)
A few months ago, I wrote about a concept car which Peugeot showcased at the Geneva Motor Show. It was going to emit small levels of CO2, sip diesel, rather than drink it, and have more power than Ferdinand Piech. Everyone was sceptical as concepts rarely turn out they way they were planned once marketing, accountants and managers have had their way with the car. Well, something funny happened…. (Read More…)
This is not a review of the Transit Connect. That’s coming next month courtesy of another TTAC writer. This is a story about childhood, loneliness, obsession, friendship, the Gateway Arch and its ridiculous security humiliations, and what happens when four old white guys play a Rage Against The Machine song in a state-of-the-art studio. You’ve been warned.
There’s this company, you see, called St. Louis Music. If you’ve ever heard of Dan Armstrong, Ampeg, or Crate, you’ve heard of “SLM”. They used to make good stuff, and they made a lot of it in the United States. During the Seventies, the product quality of many US-made items was in the toilet. The Big Two of American guitars, Gibson and Fender, seemed to be engaged in a war where the prize was bankruptcy and the weapons were crap guitars, high prices, indifferent corporate ownership, and refusal to listen to their dealers.
What’s that? We still haven’t plumbed the depths of our bag-o-automotive-sales-data thoroughly enough to have published annual sales for the Toyota Prius? Well, here it is, my truth-starved friends: ten years of Prius sales, culminating in two consecutive years of falling sales. And granted, most nameplates are down over the last two years because the market has been down for a solid two years now. Also, if you think the downturn is due to gas prices, you’ve got a surprise waiting for you after the jump. So has the Prius lost its luster? Could the most culturally significant passenger car of the last ten years be running out of steam (or whatever it runs on), or is this just a natural drop in demand in line with a weak market?
Like most modern corporations, car companies tend to be extremely opaque. Only rarely do non-insiders like us get a peek behind the PR curtains of a major automaker, and when we do, we have to wonder why we’re getting the show… and what are we looking at, anyway? Just such a moment has arrived, as a tipster has pointed us to coolsprings.com, where an interview with a Nissan consultant based at Nissan North America’s headquarters in Tennessee appears to be literally overflowing with the kinds of juicy scandals, corporate gossip, and inside baseball that we so rarely see in print. But can the self-described whistleblower Sharyn Bovat be trusted? Is Nissan-Renault’s upper management really locked in a global struggle for control of the company? Do Tennessee taxpayers really pay for Nissan executives’ spa treatments? Did Nissan really relocate a number of employees from California to Tennessee, only to try to fire them shortly thereafter? This is The Truth About Cars, so we’ll proceed with caution… but this story is just too juicy to ignore.
The good news? GM is so desperate to move Corvettes, it’s decided to give you $3k back or 0% financing on every single new ‘vette, including the world-beating ZR1. The bad news? You have to build the engine yourself. Also, this won’t exactly help GM climb off its throne as the reigning king of incentive spending. But hey, if $106k for a Corvette was sounding a little ridiculous, at least the price point has effectively fallen to $103k. If you’ve been on the fence over that three thousand dollars, it’s time to adjust your spreadsheet accordingly. [ZR1 incentives explained after the jump]
Recent Comments