Posts By: Bertel Schmitt

By on December 13, 2010

Kevin Wale, head of GM China, confirmed what we had intimated a month ago: GM wants to give their Chinese joint venture partner SAIC access to GM’s sales network in the UK. “We have agreed in an MOU that we would discuss the potential for MG to be distributed in the UK,” said Wale to Reuters.

If the deal is signed, it would be unprecedented. (Read More…)

By on December 13, 2010

Thought the Toyota brand had been dealt the death blow during the recall crisis? That brand seems to be more resilient than imagined: The latest Kelley Blue Book Brand Watch study has Toyota on top “as the most-considered auto brand among new-car shoppers.” That according to a press release just released by KBB. (Read More…)

By on December 13, 2010

Automobilwoche [sub] has it on good authority (Mini chief Wolfgang Armbrecht) that BMW plans a minier than Mini car. They want to show a prototype at the Detroit Auto Show next year. They probably can bring it as carry-on. (Read More…)

By on December 13, 2010

China’s BYD needs good news real bad. The Chinese market for EVs is … what Chinese market for EVs? And wasn’t their E6 coming to the U.S.? Whatever happened to that? That’s what we get from investors brought to California by the Governator. Oh well, Jerry Brown instead. In the meantime (as in “mean”), Nissan delivers its first real Leaf to California man. BYD will sink into irrelevance, unless they come up with something, fast.

Suddenly, they have a swell idea. Something way bigger than cars. (Read More…)

By on December 12, 2010

Lately, we’ve often been blamed to be “against electric cars.” We aren’t against electric cars. We are The Truth About Cars. We are against hype and we are for facts.

These days, Google will deliver you your “facts” any which way you want them. Let’s have a look at two particular gems. They are from the world’s largest auto market, from the market that will dethrone the U.S.A. this year as the country with the most car sales in any given year.  They are from the country that has problems with pollution, and if pundits are right, will choke on oil imports. You guessed it: China. How are electric cars doing in China? Take Google, and take your pick. Depending on what you click on, EVs will either take off like gangbusters real soon now. Or they are the proverbial epic fail already. (Read More…)

By on December 12, 2010

Having been cut off the lucrative (and in the end deadly) derivatives business, Porsche looks for other sidelines. And it seems very much like they have found one: Consulting.

“Just as car enthusiasts envy Porsche drivers,” reports Automotive News [sub] “company executives salivate over the carmaker’s profit margins, the highest in the industry.” Said salivation generates juicy business at Porsche. (Read More…)

By on December 11, 2010

While I was working for the German auto industry (and that wasn’t that long ago), I used to call it the last outpost of unabashed male chauvinism. From dealers (where female customers are treated with disdain) to the boardroom (where women serve coffee), the business remains a man’s world. BMW wants to do something about it. Come on, BMW? (Read More…)

By on December 11, 2010

The car industry is looking with envy and trepidation at the biggest bottom fisher in their market: AutoZone. Last week, AutoZone posted a 20 percent jump in quarterly earnings. And don’t look at their chart. You’d wish you would have bought AutoZone instead of the auto. But it’s not the financial results that has the industry worried. Everybody who knows the industry knows that the money is in fixing cars. The average expense per car for repair and maintenance is $1,200 per year, and if you multiply that with the 250 million cars and trucks on the street in the U.S., you’ve got yourself a nice $300 billion business. No, the industry is worried about why AutoZone suddenly is doing so well: America is in love with more mature models. (Read More…)

By on December 10, 2010

Last year in October, I predicted that China would overtake the U.S. in car sales in 2009. The comments could not haven been more uncomplimentary. By the end of 2009, China did beat the U.S. 13.6 to 10.4.

A while ago, I cautiously predicted that this year, China would break the U.S. all time record from the year 2000. The comments were far less incredulous this time around, the discussion instead turned into the tired fascist elephants against communist donkeys discourse. Now it is official what the attentive TTAC reader has known all along: China will break the current record of 17.4 million units from 2000 in the U.S. (Read More…)

By on December 10, 2010

Uh-oh. Septuagenarian Ferdinand Piech is expressing youthful impatience with octogenarian Osamo Suzuki. Volkswagen’s Chairman of the board “is reportedly irked at the slow progress of his firm’s alliance with Suzuki,” says The Nikkei [sub]. The reason? “A year after Suzuki and Volkswagen agreed on a capital and business tie-up, the track record of their partnership remains devoid of significant accomplishment.” (Read More…)

By on December 9, 2010

Audi will be developing all future larger SUVs offered by the many Volkswagen brands: The Porsche Cayenne, the Volkswagen Touareg, the Audi Q7 and whatever other larger 4x4s the other brands might offer (fat chance.) Audi was just handed the “Entwicklungshoheit” (design supremacy) for the brutes. Heretofore, they were designed by Porsche.  Don’t cry Porsche, they received another job as a trade. (Read More…)

By on December 9, 2010

Equal time: While Prez. Obama test-sat the Volt’s European sibling, the Ampera, in Lisbon, Nissan had its own celebrity test driver for the Leaf EV. “John Roos, U.S. ambassador to Japan, test-drove Nissan’s “Leaf” electric vehicle in Yokohama one afternoon in mid-November, just before the APEC summit got under way,” reports The Nikkei [sub]. Then the Ambassador deeply inserted his foot in his mouth. He said he was particularly intrigued by the way the Leaf was able to charge its battery with solar power, a feat he saw at a “smart-city” exhibition sponsored by the Yokohama city government. Roos then asked officials running the demonstration whether the technology could help reduce oil dependence in Hawaii. Oops, wrong question. (Read More…)

By on December 9, 2010

Passenger car sales in China jumped 29.3 in November as people rushed to lock in incentives set to expire at the end of the year. Demand will most likely be even stronger in December. In November, the end of the incentives was just a rumor. A few days ago, the end of government handouts became official, and  dealers already ran out of cars. (Read More…)

By on December 9, 2010

Tesla sometimes has been mocked as a bunch of hackers that simply wire-up a load of laptop batteries, whereas other serious and professional carmakers are looking into serious and professional batteries to power their future EVs. If egmcartech is not mistaken, then some of the serious and professional carmakers just had a sudden change of heart. (Read More…)

By on December 8, 2010

Domestic car sales in India rose 21 percent from a year earlier in November. India is no China yet. But as its per capita GDP has crossed the magical $1000, car sales are waking up with a vengeance. This is one rule I learned in this business, and it never fails. China has more than three times the per capita GDP of India, and you know what kind of a run that caused. (Read More…)

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