Honda will shift development of the next-generation Civic to the U.S. reports by The Nikkei [sub] and Reuters say. Reuters has a quote from Honda spokesman Satoshi Takami, who said: “Localizing Civic development in the United States is among various factors we are considering. Generally speaking, Honda wants to develop cars locally where we sell them.” The Nikkei said that the Accord may also be developed in the U.S. (Read More…)
China Business News has the story (via Reuters) that Renault will start a joint venture with Dongfeng, and that “the two firms plan to invest a combined 6.5 billion yuan ($1.0 billion) in a plant in the central province of Hubei with an initial capacity of 200,000 cars a year.” The story promptly went as viral as a story about a Chinese joint venture can go viral.
Officially, the story elicited a “no comment”at Renault. Privately, after they were done yawning, contacts in Paris said that this is a non-story, but a popular one. News about a joint venture between Renault and Dongfeng appear with regularity, but they overlook the fact that Renault has had a joint venture in China for longer than most people seem to remember. (Read More…)
If the road outside of your house gets a new layer of blacktop, and you forget to move your car before the work crews arrive, what would happen? In America, you’d probably have to look for your vehicle in to impound lot. In China, the car would still be there. But it would wear asphalt shoes. (Read More…)
This is the weekend – if the predictions of Reuters prove correct – when British sports car maker Aston Martin will get a new owner – yet again. An Italian private equity fund and an Indian company known for its off-road vehicles compete for the business. (Read More…)
Ford will have to deviate from its “One Ford” strategy if it wants to break into the Chinese market in a serious way, says Reuters. Ford is developing what it calls a “Value B” model that is aimed at the increasingly important sub $10,000 market in China. And that’s only the beginning … (Read More…)
Nissan showed technology that protects both walls from cars, and drivers from their own stupidity lack of judgment. Sonar devices in the front and rear of the car detect hard obstacles. If the system decides that the driver is about to hit the wall, the computer cuts the gas and applies the brake. (Read More…)
The boycott of Japan-branded cars by Chinese customers appears to be abating faster than feared by some, but not as fast as hoped by others. Nissan expects its November sales in China to be down by approximately 25 percent, Hideki Kimata, senior general manager of Nissan’s joint venture with Dongfeng, told Reuters. Yesterday, Mazda’s China chief said he expects sales in China to be down by around 35 percent in November. (Read More…)
Bailed-out GM agreed to pay about $4.2 billion for the European and Latin American operations of likewise bailed-out Ally Financial, formerly known as GMAC. (Read More…)
One of the reasons for Volkswagen’s current strength dates back four years. During the carmageddon of 2008 ff, multinational carmakers such as GM and Toyota drastically cut back investments into new cars and technologies. Volkswagen did not change R&D spending. Four years later, this translates into a host of new models, and revolutionary platform architectures (MQB, MLB, MSB) that promise even more new models at lower cost. (Read More…)
Toyota will launch two China-only brands next year, one for each of its two Chinese joint ventures, a Toyota executive told Reuters today. Toyota had been one of the last hold-outs in the China-only business, after most other makers had caved in to the strong suggestions of the Chinese government that China-only brands are good for the Chinese joint venture. (Read More…)
That GM will launch an electrified Sail in China is no secret, at least not to TTAC readers. You won’t be surprised to hear that GM launched one at the Guangzhou auto show. The car is not the interesting part. The interesting part is the brand behind the car.
Still car-less after Sandy? Thinking of buying a used one? Or rent one over the Thanksgiving weekend? Good luck. (Read More…)
Earlier in the year, GE bought 12,000 Chevrolet Volts, and the company was promptly accused of “crony capitalism” and of “forcing its employees” into unwanted cars. The subtext was that the GE purchase propped up GM’s Volt sales. Now GE does the same with Ford, but at a smaller scale. (Read More…)
GM wants to thin out its South Korean workforce while shifting production to Europe’s higher-wage locations. Korean unions already see it as a declaration of war. (Read More…)
Consumer Reports tested the latest offerings of Detroit automakers, did not like the Dodge Dart, was frustrated by the Cadillac XTS, was underwhelmed by the Lincoln MKS, and put off by the Chevrolet Spark. CR ended up recommending a Japanese Lexus ES instead. (Read More…)
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