Daimler Benz will launch a new lighter and more fuel efficient C-Klasse in 2014. Auto Motor und Sport caught a prototype. The Erlkönig is only slightly camouflaged. Its Blade Runner outfit could not stop the AMS PhotoShop expert from recreating a C Class as it hopefully will appear in showrooms two years from now. See below. (Read More…)
Toyota will increase production of the Toyota RAV4 from 150,000 to 200,000 per year at their Woodstock, Ontario, Canada plant. The investment will add 400 new jobs and Toyota’s investment will total $80 million.
Among all the loans being held by Americans, car notes appear to have lower delinquency rates, according to a report by the Associated Press.
Honda will build its Fit compact at the new Honda factory in Mexico, from where it will be exported to the U.S. and other markets. This is what the company told Hans Greimel, Automotive News [sub] rezident in Tokyo. (Read More…)
The Maverick (and its Mercury sibling, the Comet) was once one of the most numerous cars on American roads. From a period extending from 1970 through about the middle 1980s, the Maverick was everywhere, much as the Taurus is today. It was a cheap, simple machine, based on the same outdated but sturdy and well-understood-by-mechanics chassis design that Ford used beneath Falcons, Mustangs, Granadas, you name it, going back to the early 1960s. The Maverick is just about extinct now, other than a few kept alive by collectors; these days, I might see one every year or so at self-service junkyards. That makes this one (spotted at a yard in Northern California last week) a special Junkyard Find. (Read More…)
Following the many inter-company alliances and dalliances is becoming as cumbersome as covering the couplings in a swing club. PSA Peugeot Citroen is said to be in talks with Toyota. The same PSA that just hooked up with GM is reportedly talking tie-up with GM’s arch nemesis Toyota. They discuss sharing PSA’s Sevelnord plant in northern France, where PSA’s erstwhile partner Fiat pulls out. Still with me? (Read More…)
Opel’s supervisory board meeting ended with nothing. All the board, which consists of 50 percent labor and 50 percent of what is called “the equity side,” could agree on was that revenue, costs and margins are important. It’s good they have figured that out by now. Plant closures have been tabled. There is no sense in announcing them now anyway – plants cannot be closed before 2015. (Read More…)
You want a challenge? Try sitting in a design studio when tasked with redesigning an automotive icon. I especially enjoyed these tasks, because you could to honor a brand and maybe even go retro on your vellum. If I was still in that game, I’d go heavy on the E36. That was my favorite of the 3-series, because it had a proper BMW look, without being tiny and cheap looking like the E30. And while this isn’t a retro 3-series by any stretch, the toning down of Chris Bangle’s flame surfacing continues. And that’s a good thing. (Read More…)
A year ago nearly to the day, I was investigating the connection between Libyan dictator Muammar Gaddafi and Fiat. With an American-led intervention in Libya underway, Reuters had reported that a Wikileaked State Department document revealed that the Libyan Government owned a two-percent stake in the automaker Fiat as recently as 2006. When I contacted Fiat’s international media relations department for comment, I received this response:
Dear Mr Niedermeyer,
Further to your email, I would mention that the Reuters report you refer to is incorrect. As too are other similar mentions that have appeared recently in the media concerning the LIA’s holdings in Fiat.
The LIA sold all of its 14% shareholding in Fiat SpA in 1986 – ten years after its initial stake was bought. It no longer has a stake in Fiat SpA.
I trust that this clarifies the matter.
It didn’t, actually. In fact the matter remained as clear as mud to me until just now, when I saw Reuters’ report that Italian police have seized $1.46 billion worth of Gaddafi assets, including “stakes in… carmaker Fiat,” under orders from the International Criminal Court.
(Read More…)
Anyone looking for a Ford Taurus SHO with a bit more room and towing capacity have their prayers answered with the Ford Explorer Sport.
Our own Ed Niedermeyer recently penned an excellent and well-thought-out article involving the whole Fiat-Chrysler imbroglio. Now, I don’t work for Fiat. However, I do live in, arguably, Fiat’s most important production center. You can’t go anywhere without running into someone who works at Fiat. Heck, Fiat owns 50% of the car market in my city! (Read More…)
GM has turned its Ellesmere Port plant into “a no-go area for media amid ongoing speculation over its future,” says The Guardian. Staff and suppliers have been told to avoid reporters. “Attempts to photograph Astras awaiting delivery at the site’s distribution centre prompt a visit from security guards who ask the Guardian to desist,” says the paper. (Read More…)
Ontario’s 2012 budget was released this morning, and while the United States under the Obama administration seems intent on boosting subsidies for alternative fuel vehicles, including EVs, those in the Great White North’s most populous province are able to see the writing on the wall with regards to EVs.
Renault has realized a new trend: Imports are hot in Japan. Nissan established a new company, Renault Japon Co., Ltd., to import and sell Renault vehicles in Japan, effective April 2, 2012. Previously, Renaults were sold in Japan by a division of Nissan.
While American automakers sit sulking in a corner and complain about mythical import restrictions to Japan, European makers are looking back at a great year exporting their cars to the island nation. While the Japanese market as a whole dropped 14 percent, imports to Japan rose 22.5 percent. (Read More…)
When do wholesale prices equal retail prices?
Think about it for a second. When do the prices of a consumer good become so expensive that there is virtually no markup?
Here are a few scenarios that I can come up with… given what I’ve seen at the auto auctions these days.
1) Extreme shortage of product and too many wholesale buyers.
2) Most everyone buying the product is financing it to sub-prime customers who only care about ‘the monthly payment’.
3) You have enough seasonal dealers, overseas buyers, and funny money that the laws of economics no longer apply.
Now having said that, I ended up buying five vehicles at one sale recently. My purchases were…
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