Nissan’s move to localize production of their cars and trucks is moving full steam ahead. The next generation Rogue, built on the new modular CMF architecture, will be manufactured at Nissan’s plant in Smyrna, Tennessee.
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There’s been all sorts of interesting stuff on the auction block lately, but surely the car above has the Seventies lovers in the audience all shook up.
Company on the ropes seeks tie-up with financially secure dominant global player
PSA Peugeot Citroen has its backs to the wall, and empty pockets. After casting around for the usual suspects in China, PSA is back to their American Friends at GM. PSA is ready to hand over the keys and control to GM, as long as the General keeps PSA from dying. Says Reuters: (Read More…)
While Doug and I are preparing our next installment of “Derek and Doug’s Fantastic Crapwagons“, this gem came across my desk thanks to a sharp-eyed reader.
Mired in the same overcapacity crisis as the rest of Europe’s auto makers, the founding family of PSA is reportedly willing to give up control of the company that owns Peugeot and Citroen in exchange for a fresh infusion of capital from GM, which currently owns 7 percent of PSA.
Over at Autobytel, Juan Barnett (better known as DC AutoGeek) takes a look at the history of auto financing, originally intended as a way for the common man to be able to afford an automobile some 90 years ago. The most striking thing is how attitudes have changed so dramatically over time.
Initially, bankers were calling for a ban on financing of personal automobiles, fearing that it would lead to financial imprudence. How times have changed.
In a 2008 letter to the Security and Exchange Commission, a collection of automotive finance companies argued against a proposed federal rule that would have made 60 months the maximum term for an automotive loan. The group said “[that the] 72 month term has become the industry standard,” and that it was critical to the American economy to allow banks to determine independently the risk as it relates to automotive loans. They argued that any mandated term limit would cripple the automotive industry. They were probably right.
“To suffer”
With luck- and hapless Susan Docherty cleaning out her desk in Europe, GM needs someone else to lead Chevrolet in Europe. They found Thomas Sedran, who will take the helm at Chevrolet’s EU HQ in Zurich, Switzerland. Sedran will start in July, says Reuters, while Docherty will be leaving GM in September. (Read More…)
Back when I was coming of automotive age, in the early 1980s, most of my peers who got hand-me-down cars from relatives ended up with Vegas, Pintos, Colts, and Datsun 210s (for some reason, I don’t recall anyone at my high school getting a Civic, and very few got Corollas). Almost all the 210s are long gone these days, since there’s little interest in restoring them and you can get better fuel economy and reliability from a 1990s Tercel or Metro, but every so often I see one in a self-service wrecking yard. We saw this ’79 four-door in 2011, and today we’ll be looking at a ’79 two-door. (Read More…)
Workers at GM’s South Korean plant will stage a partial walkout, ominously on Independence Day, July 4th, Reuters heard from a union spokesman. The walkout could turn into a full-fledged strike, union spokespeople said. Reports Reuters:
Now that I’m done reviewing Bob Lutz’s new book, I’m going to give a copy away, just like we do with all the accumulated swag over at TTAC Towers. There may or may not be some greasy fingerprints sustained during an attempt to read this book while eating a grilled cheese sandwich. But the price is right. If you want it, all you have to do is give me the most compelling reason why you deserve it. Email your answers to editors at ttac dot com. Contest closes one week from today.
When Jack Baruth took the Scion FR-S to the track and pronounced it the least desirable among its chief rivals, some readers were despondent. How could the car that would supposedly provide good care for the sick and slow the rise of the oceans be ranked dead last against a hairdresser’s car and a Korean Pony Car?
Credit our sorely missed EIC/Editor Emeritus Ed Niedermeyer for being well ahead of the curve. Back in 2011, Ed told me about how the rise of fuel efficient vehicles would create a revenue shortfall for the federal Highway Trust Fund, and that would lead the government to look at implementing all sorts of unpleasant things like a Vehicle Miles Traveled tax. Guess what Ray LaHood is proposing? You guessed it.
The perpetual promise of Alfa Romeo’s return to North America has gone on for so long, it’s become the car guy equivalent of a religious belief that one day, we will be redeemed by Christ/Mashiach/The 12th Imam. Every year, we hear that Alfa is coming, only for it to be pushed back again and again. Now I’m wondering, why bother?
This is the Honda Grom. In the rest of the world, it’s called the MSX125. Squint really hard, and it almost looks like a Ducati Monster. I say almost because this thing is tiny – those are 12 inch wheels, you know. It packs a whopping 125 cc, much like a scooter, but it has a real 4-speed gearbox. It also gets 130 mpg.
The spyshots were right all along. This is the hatch version of the 2015 Mazda3. We’ll get an official look at the car today at 2:30 PM EST, along with technical details. Europe will get 1.5L and 2.0L gasoline SKYACTIV motors making 99, 118 and 163 horsepower respectively. Expect the 2.0 to make it here, along with the 2.5L engine in the CX-5 and Mazda6. Europe will also get the 2.2L diesel used in the 6, which would be a real treat, and a nice rival to the Golf TDI. No weight figures have been announced, but the new 3 should be a good deal lighter than the current model. No word on a sedan model either.
EDIT: The North America spec 2.0L makes 155 horsepower. No word on a North American diesel. The i-ELOOP regen braking/capacitor system will power the car’s entire electronics, as well as an all new HUD system. Production will take place first in Japan, then in Mexico starting in Spring, 2014. Sales start in September. Sedan to debut in 2 weeks. Weight should be down by a couple hundred pounds, wheelbase is up 2.4 inches while overall length is down by 1.8 inches.
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