ACEA hasn’t released European numbers for May yet (they are expected within the next days,) but in case you have a financial, business, or other interest, be advised that the results will be grim. How do we know that? By reading a press release by Ford Europe. Ford has consistently jumped the gun on releasing European numbers, and has turned into TTAC’s canary in the EU coal mine. What TTAC’s patent-pending GM indicator is for China, Ford becomes for Europe. Executive summary: May was another blood bath for the EU. Ford underperformed the EU market nearly 2:1. (Read More…)
Wired hit the proverbial nail on the proverbial head when it titled its recent review of the pure plug-in Smart ForTwo Electric Drive “Smart EV Would Be Smarter if It Were Cheaper.”
Well, it’s not. As a matter of fact, it’s insanely expensive. (Read More…)
Spoiled market watchers were disappointed by China’s less than red-hot May numbers: Passenger vehicles grew just 23.2 percent, the whole market grew 26 percent. Now here’s a number worth waiting for (or to induce a heart attack, if you have green leanings:) (Read More…)
Wasn’t there a carmageddon? Forget about it! Nissan wants to be essentially debt free for the first time in three years in the fiscal year ending March 2011, says The Nikkei [sub]. Nissan’s net cash position gauge is expected to swing from $546m in the red to about $1b in the green. (Read More…)
When Toyota announced their share purchase / NUMMI deal with Tesla, the greenies rejoiced, the skeptics said it’s just an elegant way to unload NUMMI. Toyota said they are mildly interested in Tesla, in a venture capital kind of way. As in: here is some money and a factory we no longer need. Would be great if something comes of it. Well, they will actually build a car together. Not the Model S as many thought. Let’s not get ahead of ourselves. Let’s build a prototype first. (Read More…)
Spyker, proud new owner of SAAB, is overwhelmed. Victor Muller is looking at what’s on his plate and is having an anxiety attack. “How will I ever get that done?” (And with what money?) Spyker needs serious help. (Read More…)
Whenever sales in China come up, there is an echo somewhere: “Sure, but are they making money?” “Name the average transaction cost in China.” “Profits? Everbody know profits can’t be taken out of China.” Thanks for your concern, but Nissan doesn’t have these worries. (Read More…)
The remote Goto Islands in the East China Sea, about 60 miles west off the port city of Nagasaki are turning into the world’s laboratory for massive EV deployment. The islands used to be known for heir unspoiled nature and their old churches. Soon, they’ll be know as the island of EVs. That because of a large-scale pilot project that began on the islands in April. (Read More…)
We knew it would be one of Angela’s feel good meetings. Careful parsing of her statement yesterday gave the clues: “I will do everything so that the employees who were pushing for the preservation of Opel receive all possible help and support we have at our disposal.” Angela hadn’t promised help for Opel. She promised to do what she can to cushion the blow to the Opel workers. Anyway, Frau Merkel met with the Premiers of the Opel states, only to tell them that the decision stands: (Read More…)
Yesterday, as predicted by TTAC on many occasions, Germany’s Economics Minister Rainer Brüderle denied state aid for Opel. Even before the announcement, his boss Angela Merkel called a pow-wow of the premiers of the Opel states to find out what can and should be done now. The pow-wow will take place today. Yesterday’s statements by Brüderle and his boss are quite telling. Here they are, unedited (German version courtesy of Automobilwoche [sub], translation by yours truly.) (Read More…)
The Nikkei [sub] announces that Daimler’s Mercedes-Benz division is unleashing a global advertising campaign on the world, including a new advertising slogan and – while we are at it – a redesigned version of its three-pointed star. “Our claim has to reflect that we want to be the best in all disciplines,” said Mercedes-Benz sales chief Joachim Schmidt. And so their new global advertising slogan is … (Read More…)
So today’s the day when the fate of Opel was to be decided – according to plan. The committee met today – and decided to decide nothing. They couldn’t come to a conclusion. They handed the decision to Minister Brüderle. Brüderle’s decision: Nein. No government money to Opel, reports Focus. There still is a glimmer of hope for Opel … (Read More…)
I know you are tired of China sales numbers. Just for the record: The final, official tally of all passenger vehicles sold in China in May stands at 1.04m units, up 26 percent from last year, says the China Association of Automobile Manufacturers (CAAM) via Gasgoo. The CAAM has the last word. Total vehicle sales hit 1.44m units, up 28.8 percent, says the Straits Times. With these numbers, we declare the TTAC patent-pending Growth-o-Meter as broken. Wuling’s lousy may numbers did it in. As a make-good, another round of the very best of Chinese traffic accidents. In color!
“I want to make nuclear power generation ‘visible’ through electric vehicles,” says Takafumi Anegawa, a former nuclear engineer who works for Tokyo Electric Power Co. He thinks that “electric cars are the best tool to help people understand the importance of nuclear power,” reports The Nikkei [sub]. (Read More…)
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