My initial self-appointed assignment was to come up with a comprehensive cost analysis of the Volt in comparison to the Prius and other vehicles. I first took this on two and a half years ago, and the results from that gazing-into-the crystal-ball exercise are actually still remarkably accurate, except for the Volt failing to meet its then-promised 50mpg fuel economy. The task, given the infinite variables, is essentially impossible, and thankfully, I was forwarded a link to this Electric Car Calculator. It’s far from perfect, given that it doesn’t account for depreciation, finance costs, leasing, maintenance, etc. What it does do is allow you to input your driving regime, both weekdays and weekends, electric and gas costs, and come up with a comparison for overall fuel costs with your choice of another vehicle; a good start: (Read More…)

Ohio Republican Reps LaTourette and Boehner have officially requested that President Obama suspend GM’s dealer wind-down agreements until the Special Inspector General for TARP (SIGTARP) completes an investigation of the government-approved GM and Chrysler dealer culls. The representatives focused on the fact that SIGTARP’s initial report on the dealer cull, which had criticism for GM, Chrysler and the government task force, wasn’t publicized until after arbitration for culled dealers ended. WKYC quotes the representatives’ statement as saying

There is too much at stake to proceed in an atmosphere where dealers were denied so much crucial information in a process rife with secrecy. As the findings of this investigation may shed much needed light on the proceedings affecting hundreds of dealerships nationwide, we believe it is necessary to thoroughly analyze its results before continuing with the closures of hundreds of dealerships, and the potential loss of thousands of jobs.

And Republicans aren’t alone in urging a halt to wind-down proceedings pending the SIGTARP’s latest investigation… Democrat Dennis Kucinich has already staked out the position now occupied by the House Republican leader. And did the artist sometimes known as “Government Motors” blink in the face of bipartisan pressure?

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For a vehicle named after a unit of measure, the Chevrolet Volt is a difficult car to pin down. From its drivetrain to its efficiency rating, the Volt defies categorization. From price point to performance, it defies comparison. It’s a rolling contradiction, this car, part electric car and part gas-burner, part high-concept moonshot and part […]

In almost perfect contrast to Ford’s rapidly rising average transaction prices (previous post), Toyota is having to keep incentives and dealer discounts high in order to keep moving the metal. Automotive News reports that Toyota dealers, once money printing machines, are having to accept lower gross profits. Transaction prices on new 2011 models are the lowest, as a percentage of sticker prices, of all mainstream brands, according to TrueCar and Edmunds.com. And Toyota dealers aren’t denying it: (Read More…)

If you regret not buying Ford stock when it was $1, you might want to reconsider even at the current $14. Bloomberg reports that Ford may well report a record third quarter profit of some $1.37 billion, based on the projections of five analysts. Considering that the market is still depressed, some analysts see plenty of potential left on the upside, projecting a possible $20 share price within the next 12 months. The keys to Ford’s success? Here’s just one: the new Fiesta is fetching $3,000 to $4,000 above its $14k base price, because buyers are happily taking them loaded with options. The result is that average transaction prices for the Fiesta are higher than Honda Civics and Toyota Corollas. And the Fiesta is a class smaller. The small cars-can’t-be-sold-profitably-by-Detroit curse has finally been exploded. (Read More…)

The 2011 Dodge Charger’s unofficial debut came in the form of a police cruiser which mixed things up at the Michigan State Police trials this year. And though they’ve showed off a few teasers of the new full-sized Dodge, the updated Charger’s official debut won’t come until the annual Las Vegas tuner-fest known as the SEMA show. Which begs the question: when will Dodge start marketing this car to consumers that are neither law enforcement officers nor criminals? We kid… sort of. Meanwhile, this rendering gives you some idea of what Dodge’s less-classy customers might do to their own 2011 Charger. Still interested?

You’ve heard the old joke about ham and eggs, right? The chicken is involved, and the pig is committed? Well, I’m going to give ethanol a shot for a while and report the details to all of you. I’m involved, and my Town Car is committed.

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Matt writes:

Sajeev,

I have a 2007 Mustang GT that I bought new. I love the car, but hate having a car payment ($372/mo for another 2 years). A local Lincoln dealer has a 1998 Mark VIII for six grand with 72k miles. My father had a then-new ’94 Mark VIII, but it got parked underneath a F-250 before I was old enough to drive it.

I’m also thinking about getting a Grand Marquis, since used low-miles Panthers are plentiful here in Florida. My commute is short and littered with deputies, so something low-key has it’s appeal. I imagine the Mark VIII would be more work, but while Panthers will be plentiful here for years to come, the Mark VIII is a rare breed.

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No, Virginia, that’s not a turbo Eldo, that’s a turbine Eldo

Paul Niedermeyer’s article and more recent book review concerning Chysler’s Turbine car show that Chrysler was savvy to use it as a halo vehicle – its appeal continues to resonate today. Though we’re learning new details all the time, most car enthusiasts know that Chrysler made a turbine powered car in the 1960s. Less well known is the fact that General Motors also had their own turbine program. While Chrysler’s Turbine Car was mostly a short lived PR effort, it happens that GM had a much longer lasting automotive turbine development program, starting in the 1950s and lasting for at least 40 years, without ever coming anywhere near to production. TTAC commenter jmo, alerted us to the existence of a powdered coal fired turbine powered Eldorado that GM developed after the oil crises of the 1970s, and we were hooked.

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With Mercury going the way of Olds and Pontiac, Ford has made much of its intentions to turn its struggling Lincoln brand around. Ford has promised a $2b investment in Lincoln’s product line, and is pushing for the closure of 200 or so Lincoln dealers in order to concentrate the brand’s weak sales at its most successful dealers. But that’s not all. Ford is requiring the surviving Lincoln dealerships to invest heavily, as much as $2m per store, to stay on board the Lincoln Revival Express. But, according to Automotive News [sub], the Lincoln dealers are starting to wonder if they’re being asked for too much. One dealer tells the industry paper

You know that something is a fad when A) it’s bubbling on the stock market or when B) snake-oil salesmen tout the newest revolution, and regular folks actually start believing them.We’re not quite there yet with “A)”, but check out what I call an exhibit for “B)”. (Read More…)

It’s been some time since since we had a “Trade War Watch” on mounting trade tensions in the auto industry, and thank goodness for that. In this economic climate of cuts, currency swings and bankruptcies, what we need are things which will make the situation worse, right? In May I reported about how the EU put a 20.6 percent tariff on aluminium wheels from China. The EU did this in response to complaints from domestic manufacturers. Naturally, this left a sour taste in China’s mouth. Well, over 5 months later, you’d think that the EU would have calmed down and this nasty business would be swept under the carpet, right? Erm, not quite….

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A class action lawsuit against fifty-nine red light camera programs in the state of California will be heard before Judge William H. Alsup in the US District Court for the Northern District of California. Attorney Bruce L. Simon, who is suing Redflex Traffic Systems and American Traffic Solutions (ATS), moved Friday that the case return to the state court system. Simon argues that the contracts of Redflex and ATS with municipalities are illegal under California law.

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You might think I’ve been taking pictures of old cars on the streets forever. Not so, actually. I’ve been ogling them, but I always saved my film for family. Probably not completely coincidentally, I started CC about the same time our nest was emptying. But there was one single exception, and today I stumbled on it: a photo of a 1951 Mercury that lived on the street a few blocks from our house in Santa Monica. Its dark blue paint was oxidizing into a divine shade of purple, and one day in 1979 on our regular walk to the beach, I had the impulse: to immortalize this aging neighbor before it disappeared. Technically, this wasn’t really an exception, because Stephanie is in it. That part has changed, mostly. (Read More…)

Is Sergio Marchionne’s Italy-dissing getting your weekend down? Check out the Italian rebuttal, courtesy of Ferrari’s 458 Italia Challenge, the road-racer version of Maranello’s game-changing supercar. Italy may not buy enough Puntos and Pandas to keep its unions and mass-market brands happy, but it still knows how to produce some of the most viscerally intoxicating automobiles around. And when it comes to weekend entertainment, that’s good enough for us.