Posts By: Bertel Schmitt

By on October 11, 2012

Continuing our coverage of Japanese cars newly introduced to Japan after they had been shown everywhere else, we present you today the new Lexus LS, live from Tokyo. (Read More…)

By on October 10, 2012

It looks like Fiat and Chrysler CEO Sergio Marchionne does not want to be head of the European automakers association ACEA much longer.  Today, he called for a massive EU rescue package for the ailing European car industry, with coordinated capacity cuts as the centerpiece.  He also called for a stop of free trade agreements. “Let the European car industry make its adjustments… This is not the time to embrace free trade,” Marchionne said while Reuters was taking notes.
(Read More…)

By on October 10, 2012

 

Was your airbag replaced within the past three years? Did you buy a used car that sustained air bag deployment before you bought it? Did you buy a car with a salvage, rebuilt, or reconstructed title? Did you get a great deal on an air bag? In that case, be suspicious of your airbag, because it could kill you. (Read More…)

By on October 10, 2012

Pretty much most of the world’s large automakers plan a commercial launch of fuel cell vehicles in 2015, Hyundai even earlier. One of the hot spots could be Scandinavia. At the end of a month-long hydrogen-powered tour through Europe, Toyota, Nissan, Honda and Hyundai signed an agreement to jointly promote fuel cell vehicles in Norway, Sweden, Iceland and Denmark. (Read More…)

By on October 10, 2012

Vehicle sales in China were down 1.75 percent compared to the same month last year, says the China Association of Automobile Manufacturers (CAAM).  An official of the CAAM blamed it on the Japanese. (Read More…)

By on October 10, 2012

Carmakers do get hurt when someone calls their cars junk. When Moody’s calls your credit rating junk, then this hurts a lot: It makes financing more expensive, or possibly impossible. Moody’s lowered the credit rating of Fiat and PSA Citroen Peugeot  to Ba3 with negative outlook. Translation: This is serious junk, and it might get worse. (Read More…)

By on October 10, 2012

 

In the largest recall  since the infamous Ford thread separation, Toyota recalled 7.43 million vehicles worldwide today. The reason: The Power Window Master Switch could melt, go up in smoke, or cause a fire after the wrong lubricant has been applied in an attempt to fix a sticky feeling during operation. (Read More…)

By on October 10, 2012

Shaikh Jalal Ahmad wrote a very informative series on car suspensions. Sgeffe called it “an interesting (and timely) series.” Felix Hoennikker could not “wait for the next one.” JuniperBug welcomed the series from  “a highly respected suspension tuner/builder.” But it takes only one drunk or rude guest to ruin a whole party. We are about to lose a valuable and knowledgeable contributor, just because commenters forgot their manners. (Read More…)

By on October 9, 2012

Ford did not receive a government bailout. Not directly. It would have gone down the tubes along GM and Chrysler, if they would have been allowed to die, Steve Rattner, the head of the auto task force, told Bloomberg. (Read More…)

By on October 9, 2012

Around 1,000 people tried to break through a security cordon around the Paris Auto Show (29 Sept. – 14 Oct.) today, throwing eggs and flour. The police answered with tear gas. It wasn’t an attempt to see the cars. It was a demonstration against lost jobs, and against the new Socialist government. (Read More…)

By on October 9, 2012

Volkswagen hasn’t published its group sales for September yet (it is expected to do so later in the week), but Reuters already saw a PowerPoint slide with 6.802 million vehicles on it, sold between January and September. This would mean an increase of 10.6 percent in the first nine months.  Volkswagen published Audi sales yesterday, and Volkswagen Passenger Vehicle sales (see below) today. Looking at these numbers, the 6.8 million are quite possible. (Read More…)

By on October 9, 2012

Japanese carmakers and their Chinese joint venture partners lost big-time in the spat over the Diaoyu/Senkaku islands. The winners are German carmakers and their Chinese joint venture partners. Oddly enough, the central government ends up with a shot in the foot. (Read More…)

By on October 8, 2012

Fiat says it sits on a 22.7 billion euro cash pile. CONSOB, the Italian equivalent of the SEC, told Fiat to explain “size and purpose” of its cash position, says Il Messagero in Rome. Fiat says it is not aware of an alleged probe, and that any suggestion that its cash pile was lower than reported in its statements was false, and will be dealt with. (Read More…)

By on October 8, 2012

Smiles in Ingolstadt and Wolfsburg, where Audi contributes 40 percent of Volkswagen Group’s profits: Audi’s global sales climbed 13.6 percent in September to 136,600 units delivered worldwide. 1,097,500 cars were sold in the first nine months, 12.8 percent more than in the prior-year period. (Read More…)

By on October 8, 2012

The top three Japanese automakers Toyota, Nissan, and Honda are slashing their production in China in half, says The Nikkei [sub]. The reductions are a response to sales drops triggered by anti-Japanese demonstrations and riots in China. (Read More…)

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