Fisker is worth around 200 Karmas at retail. “A team including former General Motors Co executive Bob Lutz and China’s largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the “green” car company’s estimated worth almost a year and a half ago,” Reuters says. (Read More…)
The tweet was true: As indicated on Tuesday, Tesla paid off its DOE loan on Wednesday. Nine years before the note was due, Tesla “wired $451.8 million to repay the full loan with interest,” as Reuters says. (Read More…)
Ford has long been at the forefront of the currency debate, claiming currency manipulation when the yen went to levels that nearly killed the Japanese auto industry, and shouting “currency manipulation” now that the yen is back to normal levels. Now, Ford itself experiences the devastating effects of changing exchange rates: Ford is shutting down all its manufacturing operations in Australia. The reason: A strong Australian dollar. Says Reuters: (Read More…)
Muller and lawyer Geers in court – Both are suspects of tax evasion
As suspected, the Swedish Saab scandal over avoided taxes grows wider. Yesterday, it reached the failed takeover artist Victor Muller. “Muller prime suspect in Saab tangle,” headlines Swedens Svenska Dagbladet, The paper obtained court documents that say Muller is wanted for questioning. (Read More…)
Ford is adding a week of production at most of its North American factories this year for an additional 40,000 vehicles, Reuters says. Plants will be idled for just one week this summer instead of the traditional two. (Read More…)
When was the last time you saw a major car company do something silly in a commercial? No, not like that Lincoln ad made from Tweets curated by Jimmy Fallon, I mean something deliberately silly. There may be more recent ones but Isuzu’s “Joe Isuzu” ad campaign is the most recent one that I can think of and that was so long ago that when young people see Joe’s I-Mark ads on YouTube they must ask, “Isuzu sold cars? I thought they just sold trucks ” (Read More…)
Now that you know everything about the Top 200 best-selling models in the world, it’s time to snap back to April and have a close look to Europe.
Surprise surprise number 1: Sales are up for the first time in 19 months…
Surprise surprise number 2: For the first time since the launch of the nameplate in 1996, the Audi A3 is among the 10 most popular models on the continent.
More detail after the jump…
I must start today’s article with an announcement: this is a big day. That’s because today is, in fact, my birthday. To celebrate, I will take a rare day off from writing a story of great importance to everyone, like the one about that woman crashing her Highlander into a house. (Read More…)
First signs of the interaction between Opel and its Bochum workforce getting nasty. Today, Opel workers in Bochum stopped the lines for several hours to attend a so-called “information session” with the works council, Germany’s Automobilwoche [sub] says. (Read More…)
When former TTAC Editor-in-Chief and now Editor emeritus Edward “Op-Ed” Niedermeyer wrote an op-ed in the Wall Street Journal and warned that GM’s center of gravity shifts more and more to China, GM’s retired multi-role fighter Bob Lutz reamed Ed via Fortune. Now, Bob Lutz himself appears to be an accessory in a deal that transfers U.S. government-financed technology to China for pennies on the dollar. Says Deepa Seetharaman, in-house alternative drivetrain expert at the Reuters Detroit office, in her in-depth article: (Read More…)
More than 50 years after the E-Type was launched, Jaguar has brought its successor, the F-Type to the market. You might wonder why such a long gap between both the cars. Well, the British automaker was developing the F-Type way back in the 1980s but the project was delayed time and again, finally being cancelled after Ford bought the company. In 2000, Jaguar showcased the F-Type concept but that too did not make it to production. Now the F-Type is finally on sale and is offered with an option of 3 engines, the base V6, mid level V6 S and top end V8 S. The F-Type is priced right between the Porsche Boxster and Porsche 911 Carrera, thereby sitting in no man’s land.
(Read More…)
At just 10:30 AM the sun was already near its full zenith and it beat down upon the city of Osaka with an intense, angry glare. Waves of heat shimmered up from the pavement and superheated the air which blew around in tepid, weak breezes that offered little respite. Perhaps later, the column of heat created by the great city’s many square miles of pavement would spark a sudden thunderstorm as it rose high into the stratosphere and the resultant rain would bring relief as it cascaded down and turned the streets into raging torrents. For now, however, there was only the glare of the sun, the stifling heat and, for me, the thought that riding an 1100 cc air cooled sport bike in a full set of leathers was a choice I should have avoided making.
How long has it been since the Range Rover was “the best 4x4xfar”? Since the original 2-door Spen King special went out of production? Since Toyota replaced Land Rover vehicles (including the Defender, Range Rover and the like) as the vehicle of choice for African off-roaders and UN peacekeepers? Since the Range Rover was catapulted from Anglophile obscurity to the must have vehicular fashion accessory of the wannabe Kardashian set?
I find 1960s cars in self-service wrecking yards all the time, but the last time I saw a Nash Metropolitan in this type of yard was, I think, in 1983, at the long-defunct U-Pull in east Oakland. I went back to the East Bay last weekend to visit family and decided to visit some of my favorite yards while I was there. I thought maybe I was hallucinating from the 90-degree heat and the endless rows of Tauruses, but no— this is a rust-free, complete Metropolitan! (Read More…)
WARNING: The content following the jump, albeit taken from a popular car site, could be viewed as highly objectionable when viewed here. It could also get you fired at YOUR workplace, or get you in DEEP trouble at home. DO NOT click the jump if this offends you, and DO NOT complain if the warning is not heeded. Mature language. Parental guidance is advised.
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