Volkswagen will roll out its new NFS, MQB, MLB and MSB kit architectures to Brazil, Volkswagen do Brasil chief Thomas Schmall told Automobilwoche [sub]. The first representative will likely be a very small SUV, based on the UP! NFS (New Small Familiy) architecture.
Cratering China sales due to the islands row made Toyota revise its production targets. Worldwide production by the Toyota Group including Daihatsu and Hino “now looks likely to reach around 9.8 million units to 9.9 million units for the calendar year instead of the currently projected 10.05 million units,” The Nikkei [sub] says.
The Volkswagen Up! and Skoda Citigo are compact cars with a huge potential for emerging markets like India. As much as Indians love small cars, they are big fans of sedans too. Thus everyone wants to upgrade to a sedan as soon as possible. However, big sedans are priced quite high since they attract additional excise duty. In India, a car which is less than 4-meters in length and has a gasoline engine less than 1.2-litre capacity or diesel engine less than 1.5-litre capacity, is classified as a small car. (Read More…)
GM wants to double its $5 billion revolving credit line. However, the junk credit rated company does not want to pay junk credit interest for it. “We think we can get it priced as if we’re investment grade, which is kind of one of our goals going into 2013, to achieve investment grade,” GM CEO Dan Akerson told Bloomberg yesterday in Sao Paulo.
The first American automobile built as a joint venture in China could soon be built at a China joint venture again. Fiat plans to bring Jeep production back to the Middle Kingdom, Bloomberg says. (Read More…)
I have not read Automobile magazine regularly since the late David E. Davis, Jr. departed the Ann Arbor rag a few years ago. I did grab a copy of their November issue while stuck in an airport last week and was treated to a pair of puzzling pieces from Contributing Writer Ezra Dyer. (Read More…)
La Carrera Panamericana 2012 ran its third day yesterday, and we’ve got a report of a five-cars-over-a-cliff wreck during yesterday’s race segment ending in Querétaro. (Read More…)
Warning: Video NSFW in Sharia jurisdictions and parts of corporate America
Nissan plans a budget Leaf to be sold along the current version, Nissan’s Andy Palmer told the Financial Times. With the stripper model, Nissan hopes to extend the car’s reach beyond early adopters to “pragmatists.” Another problems remains unsolved: The car’s reach. (Read More…)
Union representatives at Ford’s Genk plant in Belgium have been summoned to an emergency meeting on early Wednesday morning. No reason has been given, but unions expect the worst, says Reuters: The closure of Ford’s Genk factory. (Read More…)
Hong Kong, and I speak from experience, is a great place to incorporate, to save taxes, and to throw a cloak of secrecy over financial operations which otherwise would be out in the open. In the case of GM, it is also a great place to save their Korean behinds. In December 2009, GM sold a 1% stake in its Shanghai-GM (SGM) joint venture to the Hong Kong part of its Chinese partner SAIC for the paltry sum of $85m. GM also put its India business into a Hong Kong based joint venture (HKJV). GM provided the India business, SAIC provided cash. As it turned out later, unearthed in Ed Niedermeyer’s seminal oeuvre about the mystery golden share, SAIC also underwrote a $400 million loan. In its darkest hour at the end of 2009, GM was kept afloat by the Chinese. Now, history seems to repeat itself in some convoluted way. (Read More…)
After not seeing a single Catera on the street for several years, I ran into this ’98 Catera in a Denver wrecking yard over the winter. That’s the last time I’ll see one of those, I thought, but then a 24 Hours of LeMons team raced a Catera in South Carolina (as the ill-advised result of all my demands for a LeMons Catera). That Cadillac failed spectacularly, of course… and now here’s another Catera in a Denver junkyard! (Read More…)
TTAC Commentator itsgotvtakyo writes:
Hi Sajeev,
I recently purchased a 1999 Honda Accord LX for my sister. It has 115,000 on the ULEV 4cyl and an automatic transmission. The car is very straight and clean on the inside and out for the year and miles. The seller was a middle aged gentleman who bought the car four years ago for his daughter. The vehicle has obviously been maintained but there’s one glaring issue I have my fingers crossed on… the transmission. (Read More…)
Chinese traffic jams are great equalizers: They slow down all cars (except black A6 with flashing lights and a police escort.) Our reader and commenter Daveinchina spotted this car with an odd paintjob on the Hukun Expressway in Songjiang, on the outskirts of Shanghai. (Read More…)
After traveling to Iran, Japan, and Russia, after having a peak at what cars the wealthiest Americans buy and hopping across the Caribbean Sea to land in Puerto Rico last week, I am now taking you to California.
Don’t feel like ‘California dreaming’ today? No worries. You can discover the best-selling models in 169 additional countries and territories in my blog. Or look at a more general view of the US market with the Top 277 best-selling models in the USA over the first 9 months 2012…
Back to California.
In America’s biggest state, the 6 best-selling cars are Japanese and there are only two Americans in the Top 15…
The great October surprise announcement of progress at GM’s Opel front is turning into an October letdown. What will be announced “this month, early next month” will be a joint purchasing agreement between GM and 7 percent partner PSA Peugeot Citroen, GM CEO Dan Akerson told Reuters ahead of the Sao Paulo Auto Show’s media preview. In the industry, the joint purchasing agreement is seen as a non-event.
(Read More…)
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