The ad says that cotton is “the fabric of our lives.” It wasn’t the fabric of my youth, I can tell you that. There were the blue school uniforms, seemingly forged in a single piece from iron-strong polyester, hot in the summer and abrasive in the winter. There were suits and ties in rough wool to wear during the weekends, sweaters in soft Lacoste velour and miserable Brooks cable knit, and the instantly dirty, plasticized leather of the Nike “Burt Bruin” shoes on my feet. And, of course, there was M-B Tex, eternal and unchanging, perennially youthful even as the car surrounding it disintegrated into flakes of chromed rust. (Read More…)
AGI) Turin – FIAT CEO Sergio Marchionne has said that it is not true that FIAT is Americanizing its models, on the contrary, more than 50% of Chrysler parts “start off from a European basis”. Speaking at a press conference, Marchionne also emphasized that the “internationalization process has began, and is making progress and our engineering is too.” The CEO also said that, “it is totally absurd to say that an American car is not a Fiat product.”
As galling as the auto bailout was for many Americans, the hidden “stealth bailouts” that occurred during the government-led industry reorganization are often even more galling. Today the final chapter of one of those “stealth bailouts” has taken place, as GM has sold its stake in its spun-off supplier Delphi for $3.8b, booking a $1.6b gain on the deal. So, how is GM divorcing its former in-house supplier a stealth bailout? Back in the dark Summer of 2009, the government organized a GM-led rescue of Delphi, which had been languishing in bankruptcy since 2005 (after GM. By buying a chunk of Delphi for $2.5b of the government’s money and selling it back for a profit, GM’s helped itself to a little extra bump of public money. Oh, and did we mention that GM dropped all kind of pensions in Delphi’s lap when it spun the supplier, including workers who had never been employed by Delphi.
But that’s not the worst part: any guesses as to why GM’s stake in Delphi is suddenly worth so much more? A recovering industry, perhaps? Wrong. Shortly after GM bought back its stake in Delphi, the supplier dumped $6.5b worth of pensions onto the government’s Pension Benefit Guarantee Company, causing huge benefit cuts and hidden government costs. What did the PBGC’s stake, given as “partial compensation” for that pension dump, yield it? A cool $594m. Meanwhile, thanks to the government ‘s arguments, GM still had to top-up UAW retiree pensions, leaving non-union retirees and members of other unions out in the cold [read all about it in a just-released GAO report in PDF here]. A shell game inside of a political payoff inside of another shell game, in other words. There’s nothing to not love here…
When you’ve got a team of LeMons veterans who have been racing a Volvo 245 wagon since the earliest days of the 24 Hours of LeMons and you want to add a second car to the stable, you’re going to face stern disapproval if that second car happens to be a BMW E30 or a Mazda Miata. Those choices lack imagination! There must be some way to make a Miata fit Bernal Dads Racing’s Volvo-wagon ethos… but what could it be? (Read More…)
Tesla has sued Top Gear for depicting its Roadster running out of electricity in the 2008 segment shown above. According to the San Jose Mercury News, Tesla is suing because
Top Gear’s allegation that the car’s range is 55 miles is defamatory because it suggests Tesla “grossly misled potential purchasers of the Roadster,”
We can confirm that we have received notification that Tesla have issued proceedings against the BBC. The BBC stands by the programme and will be vigorously defending this claim.
And, as long as the Tesla Roadster that Top Gear tested was a first-generation machine (and we think it is), Tesla’s going to have a little problem making the case that the BBC defamed their car… (Read More…)
Test Drive Unlimited 2 (TDU2) is the latest pistonhead-oriented video game, a genre I’ve enjoyed since Test Drive first arrived in 1987. My PS3 usually spins two amazing time wasters: Gran Turismo 5 (GT5) for sheer hotshoe geekiness and the Grand Theft Auto series (GTA) for snark, storyline and reality-blurring gameplay. TDU2 sets out to blend elements of both, making it unique and intriguing in concept alone. But does the promise of a game that’s less serious than GT5 but more car-focused than GTA work in practice? (Read More…)
Texas is the last state in the nation that still imposes different speed limits on its highways depending on whether it is daytime or nighttime. Roads marked 70 MPH during the day can only be legally driven at 65 MPH when its dark. Big rig trucks must also obey specially lowered speed limits. The state House Transportation Committee yesterday filed a favorable report on legislation that would simplify the Lone Star State’s speed laws and boost the speed limit in most rural areas.
“A difference in vehicle speeds can contribute to accidents,” the House committee report explained. “HB 1353 seeks to minimize the number of accidents that can occur when cars and trucks change lanes or pass or tailgate slower-moving vehicles by removing the different, lower speed limit for heavy trucks.”
A lot of people ask what is the K-factor, what is the Koreaness, in the cars, which is hard to answer because there isn’t any really. To be honest, we don’t want the cars to look Korea.
This one we did with the inspiration of using Koreaness. So it will have some clues in it coming from Korean crafts and art
How so?
Its pale green jade color is derived from that used in Korean Celadon-style pottery. The headliner is made from hand-crafted hanji paper. Korean oak is used to trim the doors and cover the floor, as it is in traditional Korean architecture.
And the rest of the design? Is that supposed to reflect Schreyer’s “Germaness,” or is it a product of his German-based perception of what “Koreaness” is supposed to be? Meanwhile perhaps the most interesting question for Schreyer would be: how do you keep production Kias from “looking Korean”? The national question is one huge can of worms, and it inevitably leads to some awkward conversations. And, in this case anyway, it seems to have even led to an awkward design.
I’ve been a long time reader of TTAC and am a big fan of the New or Used and Piston Slap columns. I am in the market for a new or lightly used (CPO) car and have a preference for rear wheel drive. I have a budget in the 20-25k range for this purpose. This car will be my only car; hence it should be able to handle daily driver duties (25-30 mpg would do) without being a complete snooze to drive (that’s where the rear wheel drive part comes in). A 4 door isn’t strictly necessary since I am single with no kids.
The 2011 Mustang V6 and the Hyundai Genesis Coupe seem to fit the bill nicely. I’ve test driven both and found them a hoot to drive. The fuel efficiencies, ride, and interiors are also up to the mark. However, I can only get the 2.0T version of the Genesis Coupe for the same money as the V6 Mustang. So, the Mustang seems to offer more value for the money, live rear axle notwithstanding.
When Chevrolet announced a few months ago that its new Cruze compact sedan would start at $16,995, more than a few people (who likely had not had a chance to personally experience the new car) were shocked. The Cobalt, which the Cruze replaced, had been priced nearly $1,300 lower—and had required incentives to sell at that price. Now Ford has announced pricing for the totally redesigned 2012 Focus, and it starts at…$16,995. (Read More…)
It’s been a bad week for the Department of Energy’s Advanced Technology Vehicle Manufacturing Loan program. First, the GAO slammed the program for weak oversight and a lack of performance metrics and professional expertise, and now the Center for Public Integrity and ABC News are unwinding a web of patronage that appears to be taking advantage of the program’s many shortcomings.
The investigation centers around Steve Westly, a fundraiser who “bundled” half a million dollars in donations to the Obama campaign, only to be given a spot on the DOE’s Energy Advisory Committee. From there, the CPI report alleges, Westly was instrumental in acquiring ATVM access for Tesla, a company that Westly sat on the board of from March 2007 until December 2009. Loans were given to Tesla when Westly was still serving on the board, and his firm, The Westly Group, has made millions on the sale of Tesla stock since the firm’s IPO. And it seems that most of the DOE loan recipients have some kind of connection to one Obama fundraiser or another, like John Doerr, who backs Fisker, another ATVM loan recipient. Meanwhile, smaller firms allege that their requests for loans were simply ignored, and with the GAO knocking the program for treating applicants “inconsistently,” it seems that some kind of favoritism is afoot. But then, isn’t that how Washington works?
When March sales come out tomorrow, the Chevrolet Malibu will likely find itself in a tough position again. Last month the car that was once hailed as Chevy’s Lutzian turning point had fallen to fifth place in the midsized segment, having sold only slightly better than the Impala which has never been hailed as anything other than a large, inexpensive and unsexy sedan. But Chevy has learned from Ford that the right amount of mid-cycle styling freshening can go a long way: the Fusion never quite lived up to its hype until an update that was more than just a facelift improved its aesthetics, sending it soaring to the number two sales spot in the segment. Chevy is clearly hoping that a fresh look, featuring Camaro-style taillights (a move that echoes the new Charger’s retro-taillamp graft from the Challenger) will juice up the ‘bu… and with no Impala replacement coming for at least a few years, most of Chevy’s midsized-segment chickens are in this retro-look basket.
During my recent trip to California, I stopped by one of the biggest self-service wrecking yards in the San Francisco Bay area, a steel-company-owned yard that turns over its inventory of many hundreds of cars and trucks about every two months. If you see a car in this yard, you can be sure that its steel will be on a China-bound container ship within eight weeks. Such is the case with this 59-year-old Buick sedan. (Read More…)
In the usual show of unity, all three Japanese majors will have at least some production up by mid April. Honda told The Nikkei [sub] today that it will resume auto assembly at its two domestic production plants in Saitama Prefecture, near Tokyo, and Mie Prefecture, western Japan, from April 11. (Read More…)
The Nikkei must have had too much sake at Yokohama’s famous seaside watering holes after they finished an interview with Nissan and Renault CEO Carlos Ghosn yesterday evening. Their reports of an imminent merger of the two (and sundry others) under a joint holding company turn out to be utter nonsense, or rather “a misinterpretation of a wide-ranging interview,“ as Rachel Konrad, Director of Communications of the Renault Nissan Alliance, tells us in more elegant words. (Read More…)
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