Porsche Automobil Holding SE announced Thursday that it would propose its CFO Hans Dieter Poetsch to succeed Berthold Huber as chairman of Volkswagen’s supervisory board. The proposal was supported by Volkswagen AG.

Huber was appointed interim chairman for the German automotive giant after Ferdinand Piech was ousted in a dustup among leadership.

The announcement comes only a few days after Volkswagen said it extended its contract with its current CEO, Martin Winterkorn, for two more years and effectively ending his bid to replace Piech. Winterkorn and Piech publicly feuded over VW’s direction, eventually leading to Piech’s surprise resignation as chairman in April.

As a member of the board of majority shareholder in VW’s parent company, Porsche SE, Piech voted alongside the rest of the board unanimously to approve Poetsch as proposed chairman.

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Tesla’s third production model, its Model X crossover, will start arriving to customers who have already ordered the car September 29, the automaker announced.

Customers for the crossover, which costs $133,000 to $144,000, began ordering options and colors for their cars that include premium sound and “ludicrous speed” modes.

The company announced it would hand over its first few cars to new owners at their headquarters in California.

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Automakers may try to negotiate a massive health care co-op with the United Auto Workers — similar to the one it has with its retirees — and potentially change private health care in the U.S., Bloomberg is reporting.

At issue are the roughly 300,000 workers and beneficiaries, and 750,000 retirees and their families who rely on the UAW for health care.

The pool of more than one million workers and their families could give the Big Three unprecedented negotiating power with U.S. hospitals and clinics.

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Going to visit a dealer on a rainy day or the third Sunday after a holiday might not help you get a better deal on a used car, but tracking how long it’s been sitting on the lot may work in your favor. Aged inventory takes up valuable lot space while interest adds up every day motivating most dealers to drop the price to sell it quickly.

Most cars arrive on a dealer lot arrive from wholesale auctions or customer trade-in and are paid out from dealer funds or by a loan through floorplan financing. As with most loans, interest and fees are paid until the loan is satisfied for the floorplan. Each day of interest cuts into the potential profit for a vehicle so dealers try to move inventory as quickly as possible.

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In the opening moments of the above scene from the flick “Fargo,” Oldsmobile dealership sales manager Jerry Lundegaard is working up some bogus paperwork to cover his tracks with General Motors Acceptance Corporation (GMAC). We can infer that he sold some floor-planned cars and did not pay back GMAC, which was the impetus for the movie’s storyline of his bumbling attempt to extort money from his father-in-law.

Jerry’s store may have been “out of trust” with GMAC on a few dozen 1987 Cutlasses, but that pales in comparison to the scheme concocted by New York car dealer John McNamara.

Between 1980 and 1991, McNamara convinced GMAC to advance him $6.2 billion to pay for 248,000 conversion vans that did not exist. It was one of the largest Ponzi schemes in history and ended up costing GMAC $436 million, equal to $725 million in today’s dollars.

We would like to show you a photo of McNamara but none are to be found. That may be because it is believed he went into the Witness Protection Program a few years after his conviction for fraud in 1992. Just picture Lundegaard with a really big brain.

McNamara’s brilliant swindle was deliciously simple. It was based on one undeniable truth he learned from his years of owning a Buick-Pontiac-GMC dealership on Long Island: General Motors and GMAC were too incompetent and too bureaucratic to figure out that they were being scammed.

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With a resume as accomplished as Dan Gurney has, he would be well within his rights to retire to a life of leisure. The man is 84 years old, after all. However, Gurney stays busy at his All American Racers shop in Santa Ana, California and he recently announced that he’s been granted a United States patent on what he calls the “moment cancelling” engine.

Gurney claims that by using two transversely oriented, counter-rotating crankshafts, the vibrations inherent in reciprocating piston engines will be reduced and reliability and efficiency will be improved, along with what he says will be turbine smoothness. (Read More…)

Tony writes:

Sajeev,

My new wife brought to the marriage her ’07 fleet-queen Taurus. She’s not a car pamperer by any means, but she does change her oil. This car got flogged like a racehorse in its previous life. Its body tightness is well-nigh gone, it unpredictably emits a strange unidentifiable groan from the depths of the dashboard center on moderate acceleration, the dime-size floormats are practically ground into dust, and the trunk barely agrees to open even when unlatched. (Read More…)

I’ll admit it. I, the millennial managing editor of an automotive blog, would absolutely rely on an autonomous car for my day-to-day errands or long-distance commutes. Why wouldn’t I? I can kick back, relax, talk with people, get some writing done, or anything else I could possibly do on an airplane. As long as all the other vehicles on a roadway are autonomous, it’ll be safer, too!

Why do I think this way? The majority of the driving we do is boring. I can just imagine hailing an autonomous car on my phone, waiting for it to arrive to my home, and setting it to drive me wherever I want in relative comfort. Why should I need to stay alert at a four-way stop if technology can make that a thing of the past?

Except it probably won’t work quite like that.

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According to a report by Automotive News, Maserati North America may have falsified nearly half their sales in December 2014 and an undisclosed amount for other months through a demonstration car scheme that rewarded dealers for being complicit in the scheme.

A lawsuit filed by Recovery Racing, owner of multiple Maserati stores in the northeastern U.S., claims a program aimed at falsely boosting sales numbers financially disadvantaged its business because of its reluctance to participate.

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BlueIndy, the nation’s first electric car sharing service, launched in Indianapolis on Wednesday, according to Time, but with controversy.

The car service, which uses Bollore Group electric cars, has met initial opposition with the Indianapolis City Council, who’ve taken aim at the mayor who launched the project with Bollore — whose other EV car-sharing cities include Paris and London.

The cars shouldn’t be parked in downtown spots, council members say.

“The mayor needs to understand that even though this is one of his pet projects, he is not above the law,” City council member Zach Adamson, told WXIN.  (Read More…)

Google. While breaking privacy laws seems to be their global sport of choice, they sure do stick to the letter of the law when their autonomous cars are perusing American roads.

Oddly, that’s a problem according to the New York Times, because the rest of us operate our automobiles in a legal gray area, bending the rules to our benefit when we know we won’t get caught.

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In 37 pages of Fiat Chrysler Automobile’s consent order with the government, the unprecedented action mentions little about what life will be like for the cars re-sold by the automaker after being repaired.

At issue are thousands of trucks and SUVs — Ram 1500s, 2500s, 3500s, Dodge Durangos and Dakotas, and Chrysler Aspens — that could be eligible for buyback from the automaker. FCA spokesman Eric Mayne told us in July that FCA has the ability to buy, repair and resell those cars under the order.

The recall order doesn’t address whether those cars would need to be identified as “buyback” cars, which the manufacturer isn’t obligated to disclose. But already, the consent order asks FCA to go above and beyond what the law requires for a while.

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Go to any small town cruise-in, and you’re likely to find one: a tribute to the owner’s favorite “movie car.” A “Bullitt“ Mustang, or for the younger guys who like fixing stress cracks in cheap fiberglass, a “Gone in Sixty Seconds” Mustang. A “Smokey and The Bandit” Trans Am, complete with screaming chicken. A racist General Lee. If the show is at a private golf club rather than the back lot of a Sonic Drive-In, perhaps a “Goldfinger” DB5.

DeLoreans figure heavily into this mix, too. Faux flux capacitors abound. But for me, my absolute favorite movie car is Marty’s Toyota HiLux from “Back to The Future.” Gleaming in black, with polished rims, a phalanx of lights atop a useless roll bar, the truck of Marty’s dreams was also that of mine when I was seven. I recall building a plastic scale version as a poor substitute.

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Hyundai’s U.S. sales chief Bob Pradzinski left abruptly Tuesday and was promptly replaced by Nissan’s U.S. sales chief — and former Hyundai exec — Derrick Hatami, Automotive News is reporting.

Separately, Nissan announced that Chief Marketing Officer Dan Mohnke would assume lead sales responsibilities after Hatami’s departure.

Pradzinski’s sudden departure may have triggered the moves, but it’s not unusual for Hyundai, according to the report. Pradzinski assumed his No. 2 role after former CEO John Krafcik abruptly left Hyundai and became president of TrueCar.

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Forgive me for getting all emotional here.

The 2015 Toyota Tacoma represents to me the end of the road for the truck I knew so well, complete with a growl more familiar to me than my own father’s voice. Like many mountain-state millennials, the Tacoma seemed for me to be just the right size for a party in the mountains, a last-minute move (or eviction, perhaps), a camping trip or hauling an over-welded pig smoker and cherry picker to a friend’s backyard.

I expected the 2015 Toyota Tacoma TRD Pro to be a greatest hits album, replaying the most successful tunes from my young adulthood through its chunky tires and searing orange paint package.

It turned out to be more of a remix.

When I had the chance to drive the all-new 2016 Toyota Tacoma and the 2015 Toyota Tacoma TRD Pro back-to-back, I presumed that I’d get misty-eyed and nostalgic for one; geezerly and cynical for another.

In a way, I am. The TRD Pro feels like a rough-and-tumble truck, the kind of burnt orange brick to throttle through your neighbor’s window if they call the cops too many times for loud music. The 2016 Tacoma has a 3.5-liter engine like a Camry for chrissakes.

I just didn’t count on the fact that I grew up. (Read More…)