German new car sales pierced the previous year line for the first time this year. In December, Germans bought 6.9 percent more cars than in December 2010. However, this is more due to a moderate December 2009 than to an overly strong December 2010. For the year, German new car sales are 23.4 percent below 2009. (Read More…)
Posts By: Bertel Schmitt
GM China’s 2010 sales numbers did not disappoint. They expected more than 2.3 million cars for 2010 sold in the Middle Kingdom, they got more than 2.3 million. 2,351,610 units, to be exact, up 28.8 percent compared to a very strong 2009. to a record in 2010. GM is the first global automaker to sell more than 2 million vehicles in China in a single year. And here is the breakdown: (Read More…)
When it comes to new cars, trucks and buses, Japan’s can look back at the first sales increase in seven years. Sales rose 10.6 percent in all of 2010, powered by the generosity of the Japanese government. The country will remember 2010 with woefulness. This year, the sales will be down hard. After 14 months of government-induced growth, Japan cut the buying incentives last September, and the market keeled over.
December sales gave a preview of sales not to come: Sales were down 28.3 percent in December, according to data provided by the Japan Automobile Dealers Association to The Nikkei [sub]. These numbers do not include mini (“kei”) cars and trucks.
Japan’s total new vehicle sales including minicars rose only 7.5 percent in 2010 from the previous year to a total of 4,956,136 units, the Mainichi Shimbun reports. The total was dragged down by the poorer (sales-) performance of the small cars. Mini vehicles sales rose only 2.3 percent to 1,726,420 units, the Japan Mini Vehicles Association said.
The way the incentive program was set up, it had an immense pull-forward effect. The program had a cash for clunker component, but that was hardly used. Japan doesn’t have the number of old cars like the U.S.A. or Europe. The extra cars bought in 2010 will be sorely missed in 2011. Compared with an artificially high 2010, Japanese domestic 2011 numbers will look very ugly.
Volkswagen extended Martin Winterkorn’s CEO contract for another five years, not that anyone doubted that they would do it. The now 63 year old Winterkorn has job security through 2016. In 2016, he’ll be 68, and if Volkswagen hasn’t caught up with Toyota by then, that will be the perfect time to go into retirement. After all, surpassing Toyota is scheduled for 2018. Or maybe not … (Read More…)
“Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a combined 1.1 million vehicles in China last year, becoming the second largest auto seller in Asia’s biggest car market, the companies said yesterday.”
This today in the Korea JoongAng Daily, and in case you’ve never heard of them, they are an associate of the Herald Tribune. Now why should this be a slap in the face of GM? (Read More…)
As this is both the end of the week and the beginning of the year, let’s reflect, scratch our heads and ponder: Who won’t survive 2011? Car brands never die, they just go to a new owner. (Not always…) So let’s make that: Who won’t survive 2011 with the same owner? (Read More…)
Yo, wazzup?`Want to get your hands on Russia’s first homegrown hybrid, yo? All you need to do is get yo sorry azz over to Moscow, dat Russia for you, yo. According to Itar-Tass, the Russian yo-Auto company shows their “yo” hybrid at the yo-mobile pavilion in downtown Moscow from January 2 through 11. Yo, dat’s right. (Read More…)
Do you live in a challenging neighborhood, like, say, Afghanistan, Sudan, Downtown Detroit, or St. Louis? Then you’ll like Land Rover’s latest offering: The new Discovery 4 Armored, a car impervious to road rage of all kinds. (Read More…)
There’s a slightly used 1977 Peugeot 504 on the market, and the last bid stood at one million $.
One owner only: Iran’s President Mahmoud Ahmadinejad. His car was put on an international auction this Saturday, Iranian state media reported as per the Business Recorder. According to Iran’s official IRNA news agency, the bid came from an Arab country. (Read More…)
So. Yesterday, Jan 1, was the first day of the grand car rationing in Beijing, China. From now on out, only 20,000 new vehicles per month are allowed onto Beijing’s roads. (If you trade old for new, this rule doesn’t apply.) And what did Beijingers do? Take a taxi? The subway? No, they swamped the system. (Read More…)
The ritual torching of cars has become a New Year’s tradition in France. Last New Year ’s Eve, 1,137 cars went up in flames in France, a tad less than the 1,147 set ablaze the year before. This year? We’ll never know. (Read More…)
Bloomberg has it that Tata’s Nano sales are rebounding after the parent has given the little car some TLC and attention. The Nano sales rose 1136 percent from the month before. In real numbers: 5,784 in December after 509 in November. (Read More…)
We are picking up more and more signs of an impending revival of assumed dead fuel cell technology.
Here is another one: The Nikkei [sub] says that the Japanese government is supporting an initiative to draw a hydrogen from a surprising source: Oil refining. And they need to be ready by 2015. (Read More…)
Phew.
Did you hear that? That was a sigh of relief, emanating from the few souls that are still holding the fort at Volkswagen in Wolfsburg and Porsche in Zuffenhausen. The sudden release of long held breath was caused by U.S. District Judge Harold Baer, who dismissed a lawsuit by 10 hedge funds who accused Porsche of securities fraud during the Wiedeking/Härter hijinx. The hedgies claimed more than $2 billion in damages, which gave Volkswagen pause in fully absorbing Porsche. Now, they can floor it.
What tripped the claimants? (Read More…)
Allow me to be the first (unless someone in Australia beats me to it) to wish any and all a happy and prosperous 2011. May all your whishes (except the devious ones) come true.











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