Reuters reports:

Opel, part of GM Europe, has long sought to free itself of the constraints imposed by GM, which aims to keep it as a regional brand.

“One proposal would be to give Opel shares to SAIC,” [Opel union boss] Klaus Franz told Reuters, adding this move would allow GM to receive in return the 1 percent in the SAIC joint venture it is missing for a 50 percent stake.

“GM has never accepted that it owns 49 percent in the joint venture with SAIC and that the Chinese partners have 51 percent,” Franz said.

The joint venture builds Chevy, Buick and Cadillac vehicles in China.

“It would be a win-win situation for all and it would be a good way for us to enter the Chinese market,” Franz said.

Franz has long been a provocateur, but this one probably takes the cake. After all, SAIC and Opel together would almost be a better GM than GM… product development and booming China/India sales with none of the North American legacy costs. Don’t count on this happening, but it is an interesting sign of Opel’s renewed desire for independence from Mother GM.

Today, credit rating agency Moody’s cut the rating on Fiat’s bonds down two notches from Ba1 to Ba3. Merrill Lynch wrote  in a letter to customers that it is ”worth remembering that Fiat debt is already junk rated so there will not be a change in the credit investor base for Fiat, but cost of refinancing goes up.”

Officially, bonds in the Ba family are regarded to be of “questionable credit quality”. In the business, “Ba1” is known as junk, B3 as “bad junk”. It is interesting what got Fiat the demerits: Chrysler. (Read More…)

While in California to check out Billetproof Nor-Cal last weekend, I had the chance to visit The Island That Rust Forgot. It didn’t take long to find this ’67 Barracuda convertible and today’s find. (Read More…)

Saab is on court ordered life support.  On appeal, the Court of Appeals for Western Sweden has approved Saab’s request for protection from creditors. Saab can now attempt a business reconstruction without the threat  of imminent bankruptcy, The Local reports. (Read More…)

Speak the truth, even if your voice shakes. Robert Farago didn’t invent the idea of telling the truth about this business, but he made it possible for me, and others like me, to bring that truth forward. At this very moment, there are several “respected journalists” flying business class to Europe where they will be fêted and pampered like kings in five-star hotels along the Spanish coast. There, they will pretend to be the customers for cars they will never be able to afford as they attempt to drown the still, small voices of their stunted consciences with free alcohol. Best of luck to them.

Back here in the United States, one East Coast autowriter received the following email and decided that the best, the most fitting, the most ethical thing possible would be to forward it to me, so that I, and all of our readers, can see “how the sausage is made.”

(Read More…)

This man has become a fixture at Nissan’s press events. He walks around with a small video camera and a laptop hanging from his neck, as if he’s selling hot dogs at a ballgame. His name is Shotaro Ogawa, and he is most likely the biggest revolution when it comes to automakers connecting with their customers. Ogawa is Nissan’s walking live video stream and real time social networker. And he may put us old timey bloggers out of business. (Read More…)

When we went on the plane this morning for the some 600 mile trip to see a Nissan plant in Kyushu, the southernmost of the four main Japanese islands, we asked ourselves: Why?

After all, the plant had been there since 1975. What’s new? We soon should find out: Nissan CEO Carlos Ghosn went on a full frontal attack against the high yen, threatened several times that Nissan and most of the Japanese industry would pack up and leave, and delivered an ultimatum: “If six months down the road we are still in this situation, then this will provoke a rethinking of our industrial strategy.” (Read More…)

At the launch event for the 2012 Toyota Camry, the presenting executive noted price reductions of up to $2,000. Quite often such reductions are accomplished by deleting previously standard features. Case in point: the 2012 Volkswagen Passat, where we found that once you adjust for feature differences a $7,180 price drop shrunk to a much smaller, if still substantial, $2,400. So with the redesigned Camry I withheld commenting on the price reduction until I could run the car through TrueDelta’s car price comparison tool.

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From all the hype it gets, you would think hybrid technology is intrinsically green—and many Americans, including some policy-makers actually believe that. The Union of Concerned Scientists’ (UCS) new hybrid scorecard lays that canard to rest.

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The Mercedes CL550 is one of the most exclusive Mercedes models sold on our side of the pond. With the highest base MSRP of any non-AMG product, and rarer on American roads than all but the boxy G-class and the incredibly rare SLS AMG, the CL plays in quite a different league than the S-class […]

It’s here: after much talk, hype, third-party conversions, hand-wringing, and other drama, Toyota has finally announced the plug-in Prius. It starts at $32,000 plus destination… but the one you really want will cost you a cool forty G. Click the jump for availability, specs, and some personal hand-wringing.

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Thomas writes:

Hi Steve and Sajeev,

Currently I own a 1999 Accord -2Dr V6 with about 76,000 miles. The interior looks good- the leather is in good shape I’m still quite happy with the stereo system I installed in it years ago. However, the exterior is a different story. 9 years of Arizona (un-garaged) sun has not been kind to it. The paint is looking *rough*. Peeling clear coat on almost all the horizontal surfaces. I won’t mention the hack paint job I did on the trunk lid with my Harbor Freight air compressor and E-bay spray gun in my shed. It’s also sporting a tweaked front bumper/light/hood from a tiny fender bender 11 years of parking lot door dings. So it’s UGLY. The Accord has its 75k mile service is coming up, $200 SRS light is on, $800 timing belts have yet to be replaced, and the rubber bits are falling apart (latest is a cracked $300 Shock boot).

In the other corner, the object of my desire: 2003 Infiniti M45 88k miles 4.5l V8 $10k

Family future-proof with 4 doors, fast and classy. I’ve always loved that body style. I figure the difference in premium gas and my commute would hit me for about $400-500 a year (not a deal-breaker) According to the VIN the dealer picked this up for about 7k, I’m guessing I could nab it for 8000-8500 and grab 4k on the trade-in. Thoughts??

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Ed’s outstanding editorial largely disproved ten widely believed myths about Bob Lutz based on their candid interview. But my favorite Lutz myth apparently didn’t pop up in their wide-ranging discussion: that Lutz believes in designing cars from the gut, and opposes testing potential designs with representative car buyers in clinics.

You’ll often read that boring, even bad designs are the way they are because of clinics. Clinics have been blamed for the Edsel, the Aztek, and myriad other car design failures over the past half-century. Touted as the superior alternative: the golden gut, with Lutz as poster boy. The reality from Lutz’s new book, Car Guys vs. Bean Counters: the Battle for the Soul of American Business: he has found clinics to be an excellent indicator of a design’s future potential and firmly believes in their use.

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Dave Ramsey has done an awful lot of good in this world. Millions have been helped. Billions in debt has been eradicated forever. Plus now a lot of folks finally understand that consumer debt is little more than a barnacle of financial enslavement. When it comes to frugality and avoiding consumer spending traps, Dave Ramsey offers a lot of solid advice.

So having said that, will this article be another soulless puff piece about the virtues of Dave Ramseys methods? Hell no!. As much as I love the fact that he helps so many, I think his math is horrific and his conclusions are dead wrong. .

At least when it comes to cars.

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The Chevy’s steering is light and reacts quickly on turn-in. Handling eventually gives way to understeer…

Hmm. Is this a review of the Corvette Z06 Carbon? The new Camaro ZL1? Perhaps a lucky journalist has been permitted to hack a C6.R around Road Atlanta for a few laps? Nope, it’s from Car and Driver‘s recent powder-puff piece on the 2012 Sonic.

You know, the Sonic. The fourteen-thousand-dollar subcompact.

Handling, apparently, “eventually gives way to understeer” in a fourteen-thousand-dollar subcompact. Amazing. I’d figured there would be some kind of hideous snap-oversteer swing-axle murderball hidden inside that bitch. What a joke. Here’s a hint: any time a writer appears to be surprised by understeer in a modern mass-production street car, assume that writer is a moron and close your browser page lest you accidentally catch the stupid through a dirty keyboard or something.

‘Twas not always the case, however. In this article, and a sequel to follow shortly, we will discuss a few things: what understeer really means, why you want it, why it is now the default handling behavior for all “regular” cars, and how making it the default handling behavior is accomplished. Boring stuff, sure — but when you’re done reading it, you will be more qualified to review the Chevrolet Sonic’s handling than the guy who actually got paid to do it.

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