With battery partner Toyota already $50m deep in Tesla’s equity (and another $60m deep in an electric RAV4 development agreement), Automotive News [sub] reports the Japanese automaker’s main EV partner, Panasonic, is investing $30m of its own in the Silicon Valley EV form. Panasonic and Toyota jointly build NiMh and Li-ion batteries in a venture called Primearth, and the move appears to bring Tesla closer into Toyota’s orbit. Tesla already uses Panasonic cells in its drivetrains (although not exclusively), and the two firms have already partnered on power-pack development. Panasonic’s $30m investment is said to have bought it a two percent stake in Tesla, and the two will cooperate together on sales and marketing of those battery packs in the future.

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With GM’s IPO officially launched, we thought we’d send ChartOTD diving inside GM’s sales performance this year. The graph above shows GM’s top nameplates by volume for the January-October 2010 period, compared to the same ten months of 2009. All of GM’s top-ten volume vehicles are doing better than they did last year, but these are not in fact GM’s fastest-growing nameplates. For that graph and more, hit the jump…

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My niece and nephew are about to have their B’nai Mitzvah. To call this event a ‘gala’ will be like calling Lillith Fair, “a trite affair with a few left-leaning ladies.” Money will be spent aplenty. Ceremonies that are thousands of years old will be performed and honored, and I will have the best time since last year’s demo derby. Even though I live in Georgia, I love coming back ‘home’, and some cars that were truly authentic for their time still give me that same feeling.
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John writes:

I need a different vehicle. I need something that is better suited for towing my racecar than a Sentra. I also need it to be able to hold 4 people comfortably. My kids are getting too big for to be contained in the back of a compact car. So any vehicle I get will probably be a 4door pickup or large SUV. I have thought about a F250, a Navigator, or the compromise between the two: the 80’s Bronco.

My problem is I’ve never owned anything other than compact cars. I’ve never had a reason to own a tow vehicle until now. Can you educate me on requirements of tow vehicles? Is an automatic acceptable? Should I add/upgrade any components like a trans cooler or brakes?

Please hook me up like a tow truck.

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The need to expand automotive brands while improving fuel economy is driving automakers to some interesting lengths of late. From GM future concepts that have more in common with a Segway than a Cruze, to Honda’s U-3X and Chrysler’s ill-fated PeaPod, automakers are sending strong hints that the future will be smaller and decidedly less car-like. And MINI and Smart recently took this trend to its logical conclusion, each announcing that they would build (or, more precisely, re-brand) scooters… or as they call them, “alternative mobility concepts.” Which raises the question: what’s a scooter brand to do? Well, Piaggio, maker of the Vespa and other scooter-based “alternative mobility concepts” isn’t going to just drone off into that good night, and it’s fighting back by creating an “alternative” to its core scooter products: a four wheeled car-like “mobility concept.”

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Who spent the most money on volume-building but profit-sapping incentives over the last month? Well, it depends on who you ask. Edmunds.com’s True Cost Of Incentives index puts GM at the top of the heap, with an October estimate of $3,437 spent per sale. Truecar.com has a similar number for GM, at $3,472, but says that Chrysler was the king of incentivized sales last month, spending $3,629 per car sold. Interestingly, both firms put Ford at just over $3,000 spent per vehicle, but Edmunds says Chrysler is actually under that mark, spending $2,927 per vehicle. In another discrepancy between the two reports, TrueCar puts Nissan at $3,050 while Edmunds puts the Nissan number at $2,321. In any case, Toyota may just be the Japanese automaker that breaks Detroit’s dominance of average incentive numbers. Toyota’s Bob Carter has revealed that big incentives are coming as Toyota struggles to get its volume up by year’s end, telling Automotive News [sub]

You will see an enhancement to marketing and incentives but [they] will remain consistent in the APR and lease arenas,” he said. “They will be the best deals of the year — leasing and APR deals are moving the market.

This is one of 1,540 Sunbird GT turbocharged four door sedans built in 1987. And given how few gen1 J-Cars are still on the streets, is it off the wall to guess that there might be…say… fourteen left in the world; if that many? Well, the fourteen 1970 Hemi Cuda convertibles ever built are fetching around a million bucks each. I know where this car lives, and my finder’s fee is very reasonable. But hurry; if the owner finds out what he inherited from his Aunt, he may become obstinate. (Read More…)

With its IPO hitting markets, GM has released limited preliminary results that show the firm earned $1.9b to $2.1b in the third quarter of this year. That performance outstripped Ford’s $1.73b Q3 profit, and GM’s $36b in revenue also beat Ford’s $29b figure for the same quarter. GM also announced that it expects to generate positive EBIT in the fourth quarter, although it warned that its Q4 results would not be as strong as the previous three quarters in which GM claims to have earned $4b to $4.2b in net income attributable to shareholders. The projection of weaker Q4 results proves that political considerations weren’t the only factor pushing for an immediate post-election IPO. One note of warning, however: GM has not released complete data on its results, meaning we haven’t seen the impact of GM’s recent debt-cutting moves on cashflow. On the other hand, with a $5b revolving line of credit secured and profits rolling in, GM isn’t likely to be facing liquidity problems in the immediate short term. We’ll wait for full results before we pass final judgment, however.

Nearly three out of every four Anaheim, California residents voted Tuesday to ban the use of red light cameras in the city. Twenty-five miles away in Gardena, the police chief warned the city council in February that the devices lack public support. Gardena began using automated ticketing machines five years previously. As the contract came up for renewal, city councilmen asked during a Finance Committee meeting for the police chief to report on the public perception of the camera program. Chief Edward Medrano’s assessment was brutally honest and did not tend to support the notion that the program was put in place to reduce accidents.

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As TTAC readers know, the city of Houston kicked its red-light cameras to the curb in Tuesday’s election. Another city, Baytown, voted in a clever ordinance that requires the physical presence of a police officer at any intersection where red-light ticketing is taking place. The voters have spoken… but the municipalities in question may not listen. At least not yet.

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Our patent-pending China new car market prediction system (take GM China, deduct a few percent) hasn’t been doing so well lately, due to the poor showing of Wuling, which confused the mix. Let’s give it another cautious go.  GM China increased its October sales by 19.6 percent on strong sales of Buick, Chevrolet and Cadillac cars. That according to Bloomberg, which has it straight from GM Shanghai. (Read More…)

GM China has made good on its threat to sell Made in China GMs abroad. According to The Nikkei [sub], Shanghai General Motors Co. has begun exporting the Chevrolet New Sail from China to Chile. Some of the B&B opined that this is nothing new. However, the Nikkei says that “this is the first time a world-class automaker will export from China a model it developed in the country.” A few weeks ago, Terry Johnsson, Shanghai GM vice president of vehicle sales, service and marketing, said that this is “the first locally developed and manufactured passenger car from an international brand to be exported.” (Read More…)

Honda is finally doing something against the ever stronger yen: They are selling more cars to make up the difference. Honda’s CFO  Yoichi Hojo told The Nikkei [sub] today that his company can make profits, even with the yen at its current near-record high against the dollar, if it can increase its global sales by 200,000 vehicles per year. The figure is already in their current budget. In the current fiscal, which ends March 31,2011, the want to sell 3.615m vehicles worldwide, modestly up from 3.392m a year earlier. They’ll probably do better. (Read More…)

Toyota drops in China, Canada, The United States, Japan and (almost certainly) Europe, too. You’d think good news would be scarce. And you’re right, it is! But wait, there’s one! (Read More…)

Since we had so much fun with body cavity openings lately, let’s do another. This one looks like it may have contracted some nasty disease, though, so make sure you’re careful examining it.

The ’63 Catalina went undiscovered, but two of you came mighty close. Dr. Lemming guessed a ’67 Pontiac, and partsisparts said “early sixties Grand Prix”. Close.