Posts By: Bertel Schmitt

By on October 25, 2012

As expected, Ford is closing an UK plant. Unexpectedly, Ford is closing another one right with it, bringing EU plant closings to three in two days. Ford is closing its Ford Transit plant in Southampton, and it is closing the stamping plant in Dagenham with it, says Automobilwoche [sub]. (Read More…)

By on October 25, 2012

Playboy photographer Scott Hooper (of “Sex and the Automobile” fame) is planning a major oeuvre, a big coffee table book of sexy cars and sexy ladies, planned to be “the culmination of Hooper’s lifelong love of gorgeous women and exquisite cars.” Being in Las Vegas and being known in the business, Hooper has no shortage of gorgeous women. He has a shortage of sexy cars. And this is where you come in. (Read More…)

By on October 25, 2012

 

Ford is expected to announce the closure of its van factory in Southampton, England, Reuters says. British shop stewards have been summoned to an emergency meeting at Ford’s European headquarters in Basildon, Essex, today. (Read More…)

By on October 24, 2012

Mercedes wants to double its passenger car sales within the next eight years. By 2020, Mercedes wants to raise its sales to more than 2.6 million units annually, from  1.3 million this year. This is what Daimler CEO wrote in a letter to all employees. Automobilwoche [sub] has a copy.
(Read More…)

By on October 24, 2012

Volkswagen’s ultracompact Up! is taking Japan by storm. Three weeks after its Oct. 1 release, orders for the up! have exceeded 3,000 units, The Nikkei[sub] writes. (Read More…)

By on October 24, 2012

Sales of Japanese cars in China dropped 40 percent in September as a result of the islands rumpus. The shares of Nissan, Toyota and Honda shares lost about 10 percent of their value. Chinese state-owned enterprises lost much more. (Read More…)

By on October 24, 2012

There is a shiny new car factory in Chattanooga, Tennessee. People enjoy working at this Volkswagen factory. The factory is airy, there is a lot of space inside and outside the factory for expansion. However, it will be a while until it will make more than the Passat. The people in Tennessee had hopes for Audi moving in here. Instead, Audi decided on going to Mexico. When the new Golf MkVII comes to America, it will be made in Mexico. There is no other car in sight for Chattanooga. Why is the factory, one of the best specimens in Volkswagen’s vast global collection, losing out on new jobs? The Chattanooga Times Free Press thinks it knows the reason: Lack of free trade agreements. (Read More…)

By on October 24, 2012

In July, the good old boy contingent was horrified to hear that Ford would contemplate building Ford tough trucks from a material considered good enough for beer cans: Aluminum. Now, they will be absolutely terrified by the news that GM wants to build trucks from a material known to treat heartburn: Magnesium. (Read More…)

By on October 24, 2012

Europe’s second-largest automaker and GM alliance partner PSA Peugeot-Citroen is being saved from the brink for the time being. PSA is putting the final touches on an agreement with creditor banks on 11.5 billion euros ($14.9 billion) of refinancing, in addition to 7 billion euro  ($9 billion) in government  guarantees for its captive financing arm Banque PSA Finance, Reuters says. (Read More…)

By on October 24, 2012

BYD had made lots of announcements of exporting cars to the free world, but none of them have panned out so far. Remember BYD’s plans to take over America? Now finally we have what Reuters calls BYD’s “first overseas deal.” BYD will ship 50 e6 electric taxis to London in the second quarter of 2013.
(Read More…)

By on October 24, 2012

After a lot of he loves me, he loves me not, GM and Peugeot PSA finally took their fledgling 7 percent relationship a few concrete steps forward. At least on paper. GM and PSA will not just buy new parts together. They will share platforms, the key to make joint purchasing work. The timing of this announcement, coinciding with a bailout by the French government, however is a bit unfortunate. (Read More…)

By on October 24, 2012

Europe’s car crisis found 4,300 new victims: As expected, union representatives at Ford’s Genk plant in Belgium were told this morning that the plant will be closed. 4,300 workers will be out of a job. (Read More…)

By on October 23, 2012

The French government will provide multi-billion euro guarantees to GM’s alliance-partner PSA Peugeot-Citroen via PSA’s banking arm, Reuters says. Don’t bet on it happening: There is already opposition from Germany, and wait until Brussels officially hears of the deal. (Read More…)

By on October 23, 2012

For the first time, I am worried that gasoline is at the end of its life cycle. Gas pumps already have landed in the museum. (Read More…)

By on October 23, 2012

The violent anti-Japanese demonstrations in China appear to be over, and intestinal complications aside, it seems to be safe again to eat sushi in Beijing or Shanghai. State-owned media however is trying its utmost to keep the matter on the front burner, so to speak, in a very insidious way. (Read More…)

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