It’s not just the Tokyo stock market that is worried about worse than expected August numbers. Back home, the public is being prepared for shocking numbers. “We are crawling around,” said Jesse Toprak of TrueCar to Reuters. “It feels like we got a dead car to jump-start but we just can’t get it to go over 20 miles an hour.” Just as GM  prepares its IPO, industry watchers see more evidence of a slower-than-expected industry recovery. (Read More…)

„I’ve said Alfa is not for sale“ grouched Fiat’s Sergio Marchionne at journos who badgered him about Alfa possibly going to Volkswagen.  While he was at it, Sergio told Automobilwoche [sub] that business is so good that he probably will raise year-end guidance in the third quarter.

The number of cars in Beijing is expected to double by 2015, the Beijing Transportation Research Center told Global Times. By the end of 2009, Beijing had 4 million cars.

A taxi driver said it more succinctly: “We’re making another Great Wall, it’s just that this one is a wall of cars.”  Relief could come from a monstrous contraption called the straddle bus. (Read More…)

If you think Toyota has problems, you sure can’t see them on their monthly report.  Toyota just released sales and production numbers for July,  and they look beauteous: (Read More…)

A press release, issued last night by Edmunds, had a devastating effect on Toyota. As the Tokyo bourse opened, the TMC share sunk to a fresh year-to-date low of 2,890 yen. In the afternoon session, it recovered a bit, but not much, to close at 2,941 yen. Ooops. In the beginning of the year, the ToMoCo share traded above 4000. What were the horrible news? (Read More…)

When Spyker bought Saab from GM, they bit off too much than they can chew.  Spyker is upside down, under water, or whatever you call it when you have negative equity. They just announced that their debt exceeds their capital. And it looks like they have been dipped by GM: “The negative equity is due to the preferred shares that were issued to GM.” (Read More…)

In Europe, Volkswagen is a full service operation. You can buy your car at a Volkswagen (Audi, Seat etc.) dealer. You can finance it at the Volkswagen Bank. (They give you a credit card, and higher interest for your savings.) You can insure it with the Volkswagen Versicherungs Dienst VVD.  Both are subsidiaries of Volkswagen Financial Services. The VVD is not a real insurance, they act as an agent for Europe’s insurance giant Allianz. Put that in the past tense. After 62 years with Allianz, Volkswagen does its first baby steps into the insurance business itself. (Read More…)

Up to now. GM saw a limited, Europe-only role for Opel. That’s pretty much a death knell. No serious brand can survive on Europe alone. With the weak Euro, it would be utter stupidity to try to survive on Europe alone. Finally, this fact dawned on GM. Opel now received the o.k. to expand into markets outside of Europe. You probably can guess which markets they have in mind. (Read More…)

Did we say that the Russian market is on the rebound with a vengeance? Nissan agrees. Nissan will raise its Russian auto sales target for fiscal 2010 to 100,000 units, up 120 percent from last fiscal year, COO Toshiyuki Shiga told The Nikkei [sub] today. Nissan’s SUVs are selling so briskly that Nissan has trouble keeping up with the demand. (Read More…)

Every month, at around the 15^th, the European Automobile Manufacturers Association (ACEA), sends out car sales numbers for the preceding month for all of Europe. It’s a regular TTAC fare. This month, you will have to do without. (Read More…)

Does a passport with an RFID chip freak you out? Not if you don’t carry your passport on you. How about RFID-equipped drivers’ licenses? Well, stick the license in a shield and nobody will be the wiser. Never heard of RFID? It’s a chip that needs no power. It sends out a number that identifies you. Think of a barcode on your forehead. How about RFID equipped cars? (Read More…)

The BRIC countries, Brazil, Russia, India, and China were long seen as the saviors of the world, especially when it comes to cars:  large population, very few cars per head, a strong growth. Then 2008 came around, the oil prices dropped, and Russia nearly imploded. Russia was taken off the BRIC list, leaving a BIC behind. If you take a hard look at it, it’s a C, with a BI as future growth market. Now suddenly, the BRIC is back. (Read More…)

Toyota launched their hybrid Prius in late 1997. 13 years later, Toyota has sold a total of about 2.6m hybrids, says The Nikkei [sub]. That mostly because it is the top selling car in Japan.  And also “thanks to government subsidies that favor hybrids over other fuel-efficient cars,” as Automotive News [sub] remarks. Toyota doesn’t want to rest on its laurels. (Read More…)

Psssst! Want to buy Japanese car makers below book value? Now is the time. Spooked by the strong Japanese Yen, stocks of export-heavy Japanese automakers such as Toyota and Suzuki can be had for less than the assets on the books. (Read More…)

If you are a carmaker, you need to have a hybrid and maybe even a plugin in the program, or at least on the schedule – whether your heart is in it or not. Even avowed petrol (and diesel) heads such as BMW and Volkswagen are dabbling with electrified powertrains – officially. Where are the last holdouts? In hybrid-country Japan.

“Mazda and Fuji Heavy are pursuing unique growth strategies as they continue to bank on refinements to the international combustion engine, in stark contrast with larger automakers that are rushing to roll out hybrid and electric cars,” reports The Nikkei [sub] to an aghast readership. (Read More…)