The new diesel engine that is expected to arrive in the Dodge Ram 1500 and Jeep Grand Cherokee (which, we hear, has been pushed back a few times already) has had an interesting life. The 3.0L twin-turbo diesel engine never was intended for Chrysler or Fiat products, but rather, Cadillac.
Ally Financial, what used to be known as the General Motors Acceptance Corporation, GMAC, before GM’s bankruptcy and bailout, itself received over $17 billion from the U.S. Treasury during the bailouts of 2009. On Tuesday the company said that it was looking into options on how to repay that money and comply with the Federal Reserves’ latest stress tests for financial institutions. Ally is 74% owned by Treasury and it is trying to buy back some taxpayer-owned stock and reach an agreement with the Fed on its capital structure (known as the “Comprehensive Capital Analysis and Review”) so it can offer stock in an IPO. Ally had originally planned on a 2011 IPO but having to resolve claims against its bankrupt Residential Capital mortgage unit delayed that. ResCap hopes to be out of bankruptcy by 2014. (Read More…)
The EU Commission has provisionally sided with France in that country’s decision to stop the sale of new Mercedes-Benz cars because of Daimler’s decision to continue to use R134a refrigerant in it’s HVAC systems. The EU has banned R134a out of concerns for global warming. The only available replacement that meets the new regulations is R1234yf, made by Honeywell, and Mercedes-Benz has insisted that their tests show that the new refrigerant is dangerously flammable and could start an underhood fire under certain conditions. The provisional ruling could be a problem for Daimler in other EU countries.
New York is one of 40 states that have banned texting while driving. In the four or so years since the ban went into effect in New York state, a bit more than 11,000 tickets have been issued for all hand held phone violations, including texting.
I’ve had a lot of cars. You’ll know this if you bought my book, in which I detail most of the wonderful cars I’ve owned, and also my 2001 Toyota Prius. For those of you who have never had the chance to experience a 2001 Prius, I strongly suggest you do so immediately, and probably at your local junkyard.
In my time with various cars, I’ve noticed something: some cars wave to each other. What I mean is, you’re cruising down the street, you see another car of the same make and model, the driver waves to you, you wave back, and everyone’s day is a little better because of the entire experience.
I have a problem. I own a 2002 GMC Envoy. No, my ownership of a GMT360 SUV isn’t the problem although it is probably enough to get me committed to a mental institution. At 140,000 hard miles, my Envoy is getting old and there’s nothing out there to replace it. That’s a problem.
While Equitorial Guinea is one of the wealthiest countries in Africa, only half of the people have access to clean, safe drinking water. One fifth of children born in the country die before they are five years old. Two years ago the French government raided the €80 million, 101-room mansion near the Champs Elysees belonging to Teodorin Obiang, the son of the president of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, in power since 1979. Among the treasures found in the mansion were a cache of supercars, which have now been sold off.
Having failed to learn from previous mistakes, Volkswagen is inexplicably bringing the Phaeton back to North America, despite being totally contradictory to their push downmarket to appeal to mainstream American car shoppers.
For all of Hyundai’s successes in Europe, it is conspicuously absent in perhaps the lone major growth segment on the continent; small crossovers. We’re not talking “small” in the sense of the Hyundai Tucson either. Think more along the lines of the Opel Mokka (our Buick Encore), the Ford EcoSport and the Dacia Duster. Even premium brands are getting into the fold, with the BMW X1, Audi Q3 and the upcoming Mercedes-Benz GLA vying for market share.
Ever since someone at Ford decided that it would be a good way to promote their new 1 liter three cylinder EcoBoost engine by dropping a tuned version into a Formula Ford open wheel racecar set up to be street legal they’ve been making sure that the enthusiast world knows about it.
TTAC commentator bumpy ii writes:
I have a 2007 Hyundai Accent 5-speed manual hatch. When I’m driving, sometimes I’ll hear a little ‘psssht’ noise as I pass through 2500 rpm. It almost sounds like a tiny blowoff valve under the car. (Read More…)
Though handicapped by continued sliding sales in the overall European market, GM announced today that global sales for the first 6 months of 2013 were up 4% over the comparable period last year.
In India for the relaunched Datsun brand’s first car, the Go, CEO of the Renault-Nissan alliance, Carlos Ghosn, announced that Renault and Nissan will jointly develop a platform for low cost and ultra low cost cars aimed at India and other emerging markets, which Ghosn believes will make up 60% of the global automotive market by 2016. To do that, the alliance will spend another $5 billion on investments in their Indian operations over the next five years. Renault-Nissan is committed to using India as its global hub for emerging markets, developing the cars there as well as assembling and exporting them. (Read More…)
Though Ford, VAG’s Seat brand, and Renault’s low-cost Dacia posted gains, overall car and light truck sales in June in Europe were down 6.3% compared to June of 2012, weighed down by declining sales at VW, Opel, Fiat and PSA. According to Automotive News, only 1.18 million new vehicles were registered in the EU and EFTA, the lowest they’ve been in two decades.
A proposed consumer protection class action lawsuit has been filed in U.S. District court in California over the MyFordTouch (and similar systems in Lincoln and Mercury vehicles) system.
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