GM China and its joint ventures sold 173,398 vehicles in China during the month of July, “as Shanghai GM and GM’s Buick, Chevrolet and Cadillac brands all set sales records for the month,” GM’s press release says. Nonetheless, GM’s China sales in July were down 1.8 percent from the same month last year. Now how did that happen? Why should you care? Why should anybody care? (Read More…)
Here comes a possible explanation for yesterday’s Wild-Ass Rumor Of The Day: Toyota says that “a jointly-developed RAV4 electric vehicle will be built at Toyota Motor Manufacturing Canada, Inc. (TMMC) in Woodstock, Ontario beginning in 2012.” Now what about that billion dollar deal? (Read More…)
Saab’s white collar employees were getting blue in their faces from waiting for last month’s paycheck. Saab had to sell off slices of the company to pay workers who sit at home twiddling their thumbs. According to the always well informed Saabsunited (when it comes to good news), salaries were transferred today at 5pm. On to the next payday.
Meanwhile, things don’t look so good in China. In June, Saab signed a non-binding memorandum of understanding (MOU) with Chinese distributor Pangda Automobile and car manufacturer Zhejiang Youngman Lotus. This had been feted as the second coming of Christ over in Flagwavingland. Put your ear on the ground. Hear that sound? It’s the Chinese, dragging their feet. (Read More…)
Toyota’s Prius defended its title as best selling car in Japan, which it had re-gained from Honda’s Fit in June. Production at Toyota is getting back in gear, and pre-ordered Prius Alpha wagons are finding their way to their owners. Table provided by the Japan Automobile Dealer Association JADA after the jump … (Read More…)
Toshihiro Suzuki, executive vice president of Suzuki said Volkswagen conducting a review of their troubled marriage is “a step forward.” He quickly added that Suzuki had not heard any details, says Dow Jones via The Nikkei [sub].
“Our cooperation is based on the premise of being equal partners,” said Suzuki. “We’ll wait to hear from Volkswagen to confirm that the review under way is being carried out with this idea in mind.”
This doesn’t sound like the remarks of a partner who is ready to kiss and make up & out. (Read More…)
Swedish Automobile NV, the artist formerly known as Spyker, and owner of struggling Swedish car maker Saab, said today it plans to issue new shares to raise cash in order to meet overdue payroll. Response of the union: “Show me the money.” (Read More…)
Despite solid gains at most brands, losses at tsunami-afflicted Honda and Toyota were sever enough to reduced the July bottom line of U.S. auto sales to a tepid 1 percent gain. The seasonally adjusted annual sales rate (SAAR) for July stands at 12.24 million units. The pent-up demand is still in hiding, but automaker have not given up the hope for its return:
“There are people who put off vehicle purchases because of uncertainty about fuel prices, vehicle availability and the economy,” said Don Johnson, head of U.S. sales for GM, told Automotive News [sub]. “As these conditions improve in the latter half of this year, many of these buyers will return to the market.”
Others take a more cautious stance. (Read More…)
Chinese construction workers settled an argument about a parking spot with dynamite. The altercation left four people dead and 16 injured. (Read More…)
Last week, we brought you the news that the Nissan-Dongfeng joint venture will build an EV in China, that it will be ready by 2015, and that it will not be the Nissan Leaf. The Made-in-China plug-in will be offered by Nissan-Dongfeng’s “Chinese” brand, Venucia. This most likely in compliance with yet-to-be-released, but much-rumored regulations which will shower Chinese EV subsidies only on indigenous vehicles.
Barely a week after the news, there already are pictures of the future Chinese EV. (Read More…)
OICA, the international umbrella organization for all automakers, has finally published its 2010 ranking of the world’s largest automakers. TTAC readers are not surprised by the results. They had known the outcome (at least for the top ten) half a year ago.
The race for bragging rights amongst the top three promises to stay interesting throughout the year. Toyota just issued new forecasts which pegs global production across all Toyota Motor Corp. brands at 8.04 million. This should worry Wolfsburg. Volkswagen was seen as the clear number 2 after GM in the 2011 race. Now matters are not so sure. (Read More…)
New car sales in Japan, excluding minivehicles, were down 27.6 percent on the year to 241,472 in July, while Japan slowly recovers from the effect of the March 11 tsunami, but continues to suffer from a contracting market. Data released today by the Japan Automobile Dealers Association shows that this is the 11th month straight down. Gory details after the jump … (Read More…)
New car sales were up 9.9 percent in July in Germany, says the German Kraftfahrtbundesamt. As the picture above shows, sales are slightly above 2010 (red line) and below the Abwrackprämien-addled 2009. Normalcy ensues in Deutschland, which is mostly on vacation anyway. The summer months are not for car buying, they are for car driving. (Read More…)
Ever since the power went out in large parts of Japan after a massive Tsunami slammed into the country on March 11, the big question no longer is “will I be able to charge my EV at home.” It is: “Will I be able to power my house with my car?” This may seem alien to you, but a Tsunami has certain effects, and this is one of them. At a press conference in Yokohama, reporters asked Nissan’s CEO Carlos Ghosn: “When will it discharge?” Meaning the Leaf into the house. A few days later, Toyota showed a house that can be powered by a plug-in Prius should the lights go out. Now Nissan finally shows its great chargeback solution. (Read More…)
Mazda will show its all-new Mazda CX-5 compact crossover SUV at the 2011 Frankfurt Motor Show, which is from September 13 through 25, 2011. According to Mazda’s press release, “the CX-5 is the first of a new generation of Mazda products that will adopt the full range of Mazda’s breakthrough SKYACTIV TECHNOLOGY and new design theme, ‘KODO – Soul of Motion’. Pictures after the jump … (Read More…)
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