TTAC maintains its long-held forecast that Toyota will regain the title of world’s largest automaker by the end the year, with a combined group production of around 10 million units. This trend was confirmed  today by TMC’s announcement of August 2012 data. The race will tighten up, but not because of huge sales gains by runner-ups GM and Volkswagen. Policy decisions in Tokyo and Beijing will likely cause Toyota to slow down. (Read More…)

The row between China and Japan over a few rocks in the East China Sea, alternately called Senkaku and Diaoyu islands, is threatening to derail production and sales plans of Japanese automakers. Many in the industry say that “Chinese consumers are unlikely to return to Japanese cars anytime soon,” as The Nikkei [sub] says. Already, Japanese automakers have curtailed production in and exports to China. The problem  may not be a temporary one. (Read More…)

In 1873, it took Phileas Fogg and his valet Passepartout eighty days to get around the world, mostly by slow trains and steamships. 150 years later, that trip can take eight months\ when you do it by EV. One of the drawbacks when you have to stop every 60 miles to wait for yo r car to recharge. (Read More…)

So far, German car companies Volkswagen and Daimler had been unaffected by the severe downdraft in Europe and brought in record profits. Now, the Teflon seems to be flaking off. (Read More…)

A few months ago, Nissan’s Infiniti premium division moved out of the office building in Yokohama and out from the shadow of its parent company. Infiniti set up its new world headquarters in Hong Kong. Nissan also snagged Audi’s America-chief Johan de Nysschen as Infiniti’s new boss. Last Friday, after work, we sat down with de Nysschen in his new office on the 35^th floor of the Citibank Tower in Hong Kong’s downtown, to talk about his and Infiniti’s plans for the future. This is a two-part interview. The second part will appear tomorrow.

De Nysschen’s office is spacious, but subdued in comparison to the workplaces of other leaders of industry. No armed guards, no sometimes more dangerous personal assistants bar the entry. He sits at a working man’s desk: Three computers of various sizes, a printer. A glass door provides limited privacy from otherwise open floor offices with space for maybe 100 people when Infiniti’s World Headquarters are fully staffed. So how does the new CEO like the new office in the new city? (Read More…)

Today, the Subaru XV crossover was finally and officially debuted in Tokyo, where the much-discussed trucklet will go on sale on October 5. After the car was shown at the 2011 Frankfurt Motor Show in orange, appeared in Consumer Reports, in orange, and even appeared at lesser venues, in orange, it finally arrived in Tokyo. In orange, of course. (Read More…)

You need to take pictures of the car!

Today, Toyota officially announced the launch of its second electric vehicle (after the electrified RAV4). Hundreds of reporters filled the big hall of the Universal Design Showcase of Tokyo’s MegaWeb, to witness the strangest product launch I have ever seen (and trust me, I have seen a few.)

(Read More…)

In a sit-down with Italy’s Prime Minister Mario Monti , Fiat CEO Sergio Marchionne and chairman John Elkann came to a belated conclusion: A slump in Europe is not such a bad thing of you can sell you cars elsewhere. After the sit-down, Fiat told Reuters that it wants to “re-orient” its business model in Italy “to focus on exports, particularly outside of Europe.” This, the person familiar with the situation said, can mean only one thing: Get ready for made-in-Italy Jeeps and Imported from Torino Chryslers. (Read More…)

Throwing investment advice of eminent experts such as the LA Times editorial board and former GM CEO Ed Whitacre in the wind, the Treasury will not sell its holdings in GM as recommended, but hold on to the stock. Why? For the same reasons that prompt smaller scale investors to hold on: The Treasury “expects the stock to rise in the future due to a roll-out of several new vehicles,” people familiar with Treasury’s thinking told Reuters. (Read More…)

Today, GM and its Chinese joint venture partner SAIC opened what GM China President Kevin Wale called “China’s largest proving ground.“ The test track west of Shanghai did cost about $252.5 million, Reuters says. Automakers are busy turning China into test track central, but Milford may be passed by a German track. (Read More…)

A consortium of major Japanese companies, along with a government-backed turnaround fund snapped chipmaker Renesas away from what they deemed as certain doom on the hands of the American private equity fund Kohlberg Kravis Roberts (KKR). The Nikkei [sub] reports in a flash message that the consortium that includes all three major Japanese automakers has put together a $13 billion package to block a purchase by KKR. (Read More…)

Always good for a surprise, Fiat CEO Sergio Marchionne made an unusual announcement. Not only did he tell everybody that Fiat will receive government financing and tax breaks from Brazil, he also said when he received similar help from Italy: A ver long time ago. (Read More…)

Being at odds with its number one trading partner Japan at the moment, China shows that it doesn’t have to be the big bully, and that it can make nice with other former enemies if it feels like it.  China gave a surprising regulatory nod to a joint venture between Tata-owned Jaguar Land Rover and Chery. If you think they were long married, then you are right. They said yes a while ago. However,  in China, a joint venture is not really a joint venture unless the National Development and Reform Commission (and sundry other bureaucracies) have given their nod, and did put their chop on the contract. (Read More…)

Honda will bring back an extinct car. In April, Daihatsu killed the last surviving topless kei car. And now, Honda wants to bring it back. This is what Honda CEO Takanobu Ito intimated to me – and a large room full of other reporters – this morning at the Honda HQ in Tokyo. His company will also launch the second generation NSX, will give you a new Civic Type-R for you to Euro-trash while it tries to achieve its goal of becoming the fastest front-wheel-drive vehicle on the Nurburgring. Wait, there is more. (Read More…)

Washington’s campaign to put you in an EV will cost the taxpayer $7.5 billion through 2019, and it’s all for nothing, says a report by the Congressional Budget Office. (Read More…)