“For 100 years, people have been dreaming about flying cars,” says, well, a promotion video that attempts to drum up investor interest for a flying car. Despite many attempts, we don’t see many flying cars, nether flying, nor driving. At TTAC, the story is as old as the old Farago-era layout. Fear not, flying cars will be here, real soon now, promise. One will even be at the New York Auto Show. (Read More…)

Stories of Greek defaults and Italian austerity programs make you think that Europe as a whole is just about to implode. Not true at all. The export-oriented German economy profits from the still relatively low Euro. The good mood in Germany is reflected in the number of new cars that were registered in March. Germany’s Kraftfahrtbundesamt reports a 3.4 percent rise in March, compared to the same month of 2011. (Read More…)

Despite high gas prices and a still shaky economy, customers appear to be tired of their old cars and frequented the surviving car dealers en masse in March. Better inventories, juicy lease deals and new models light a fire under sales. We will update this table throughout the day as new numbers come in. (Read More…)

Not only did Americans return to showrooms en masse in March, the also opened their wallets wider. Transaction prices are on a steady climb, says TrueCar. Manufacturers on the other hand show less largesse and tighten incentives. (Read More…)

Today, record March new car sales will be announced. We will keep our eyes on the numbers throughout the day, come back for details. The so far best numbers were released by Chrysler. Chrysler reports U.S. sales of 163,381 units, a 34 percent increase compared with sales in March 2011. According to Chrysler, these are “the group’s best monthly sales in four years.”

Best performing brand in Chrysler’s stable is Fiat. (Read More…)

Top Gear called it the “Sony Ferrari.” Daihatsu calls it quits. Toyota’s mini car division Daihatsu will stop production of the only convertible minicar on the Japanese market, the Copen. (Read More…)

That was close. (Read More…)

GM’s new partner PSA Peugeot Citroen needs more cash. To raise money, PSA sells its headquarters building in Paris and will turn into a renter. Signing GM as a new 7 percent partner apparently hasn’t improved PSA Peugeot Citroen’s cash position. Au contrair, PSA’s credit rating had gone to junk. (Read More…)

Ford wants to rekindle old flames and hopefully find new beaus and babes for its geriatric Lincoln brand. One item to make hearts beat quicker will be a retractable 15-square-foot moon roof, a must have for lover’s lane. If that’s not enough to entice buyers to a little make out (of a check,) Lincoln will invite them on a real date. (Read More…)

A while ago, the UAW started passing out signature cards at Volkswagen’s factory in Chattanooga, TN. It looks like most landed in the garbage can. (Read More…)

Since the early days of the Volt, the folks at GM loved to compare the car to putting a man on the moon. That analogy wasn’t without its problems. The moon program did cost more than three times its original budget of $7 billion, all it produced was a few rocks, and it ran out of money before it could get going in earnest. 40 years after Eugene Cernan and Apollo 17, the moon has remained untouched by human feet. But what the heck, GM loves the symbolism. To death. (Read More…)

“What to call these?” tweeted @edmunds.com. “Dudemobiles? Guy Cars? Testosteroners?” And they linked to their scientifically prepared list of the cars with the most men as buyers. Not a list compiled by basement dwellers, but by Polk. The list reflects total purchases made in 2011. And we are counting down … (Read More…)

It must be the grand plan to make Iran walk or ride mules, because the alliance between GM and PSA is not about reducing over-capacity. This is what PSA told just-auto today. Confessed a PSA spokeswoman: (Read More…)

With membership down to a quarter of the union’s peak size in 1979, dues are not enough to pay the bills at the UAW. The UAW continues to tap into savings to pay for its day-to-day operations, Reuters says.   (Read More…)

Now we know why GM bought seven percent of PSA, a move for which most of the industry had no explanation. Forget overcapacity and scale effects. It was a carefully crafted plan to bring traffic in the Iran to a halt. Stuxnet is nothing compared to this. (Read More…)