The WSJ [sub] reports that GM is officially looking outside of its former captive finance arm Ally Financial (formerly GMAC) as it seeks more subprime loan deals to drive sales volume ahead of its IPO. GM execs tell the WSJ that The General could do even better with an in-house finance arm, but that these deals will help. And, according to Experian Automotive’s Melinda Zabritski, GM needs the help because

By not financing [subprime] consumers, they are locking out about 40% of the U.S. population

GM’s restructuring consultants AlixPartners add that loyalty improves for customers who buy using a captive lender. The downsides? Higher default risks, the temptation to overload on incentives, and then there’s one more biggy…
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The Wall Street Journal [sub] asked several Chrysler dealers about the newest hotness being developed in Auburn Hills, and came away with the tales of a “man van” that Chrysler hopes will lend the Dodge Caravan some masculine swagger. According to the WSJ, this re-man-ification of the minivan includes:

a slightly sportier look on the outside, possibly finished off with a black-and-gray interior trimmed with hot-colored stitching on the seats and steering wheel

Oh yes, and some “edgy” ads laden with tired cliches of sexual politics. In short, they’re sending the 2008 “Caravan R/T” concept into production. But why?

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After North America and China, we have other markets in our sights. Buick has no plans for Europe at this moment, but that could change.

GM’s Jim Federico spills possible plans for a Buick expansion to Auto Motor und Sport.

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What do you call it when you roll through a stop sign with only a perfunctory tap on the brakes? Here in Oregon, the name “California stop” seems to have stuck. But it turns out that Oregon’s petty provincial put-down may just be a backhanded compliment. According to Gary Lauder, stop signs suck and should be replaced, if not ignored. And you know what? He’s got a hell of a point. Check out his recent presentation from the TED conference, and contemplate the possibilities of a post-stop sign world.

Nagare is done. After the 5, it’s highly unlikely that there will be another nagare car. Mazda has moved on

Mazda’s Peter Birtwhistle gives Mazda fans the brand’s best news in a long time [via AutoExpress]: the crazy design language inspired by the Nagare show car of 2006, will die with its first victim, the 2011 Mazda5. Mazda’s new direction?

[Becoming] more like a Japanese Alfa Romeo, producing cars which are great to drive, but crucially that also have the right premium feel, particularly inside.

Great idea. It would have been even better, say, five years ago. Better late than never…

These are the ten vehicles that NHTSA says are made from 90 percent domestically-produced components [via cars.com]. Notice a common thread there? Yes, the correct answer is Ford involvement, but according to cars.com, the task of crowning a “king of domestic content” isn’t as simple as NHTSA’s number.

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Toyota’s chief test driver, Hiromu Naruse, was killed today when the Lexus LFA “Nürburgring Edition” he was driving was hit head-on by a BMW on a rural road in the vicinity of the Nordschleife. And though this is hardly the time for levity (and so help me, I will ban the first person to crack an unintended acceleration joke), it must be noted that the ill-fated, $375k Toyota flagship supercar is referred to in this video as a “Nissan Lexus.” Sure, the Germans (local Wehrleiters in particular) have a natural contempt for non-European luxury brands, but that’s just embarrassing. Especially considering that this was not the kind of crazy legend-building crash that might have lent the LFA some man-eater mystique. What a tragedy.

Fewer 16-year-olds are registering for driver’s licenses in Illinois, according to Chicago Breaking News… but why?

[In 2006] Illinois lawmakers doubled the number of hours — to 50 from 25 — of adult-supervised driving required before a driver with a learner’s permit could get a license. The next year, the number of 16-year-olds with licenses dropped by nearly 5 percent — to 74,675 from 78,250 — even though the state’s teen population increased.

Then, on Jan. 1, 2008, Illinois imposed a sweeping overhaul of teen driving laws, the heart of which tripled the length of time — to 9 months from 3 months — a teen driver must possess a learner’s permit before acquiring a license. That year, the number of 16-year-olds with licenses dropped again, this time by 17 percent, to 61,862.

The decrease is continuing. The Illinois secretary of state’s office estimates that fewer than 60,000 driver’s licenses were issued to 16-year-olds in 2009.

The usual economy and internet-based explanations are trotted out, but it seems that mandating supervised driving hours keeps kids out of cars. And though that’s good news for Illinois drivers, it’s certainly not a trend that the auto industry wants to see followed. After all, safety is a box on an option list, not something that reduces demand for cars, right? On the other hand, just because kids aren’t registering for driver’s licenses, doesn’t mean they’re not driving. Should we do away with mandatory supervision to drive the market for cars, or should supervised hours or a more thorough form of mandatory training be instituted? Or, should the legal driving age simply be moved up to 18? Better yet, forget the politics: do you let your 16 year-old drive, and if so how do you prepare them?

The Detroit News reports that GM will file paperwork to register its initial public offering as soon as next week, citing anonymous sources. This registration will be our first look at exactly what GM and its masters at the Treasury Department are trying to achieve with the offering. Analysts are predicting that the government will sell only one-third of its 61 percent stake in GM, which would rid it of an absolute majority stake but would preserve its status as the largest GM stakeholder. The Canadian and Ontario governments, the UAW’s VEBA fund and bondholders in Motors Liquidation may sell parts of their stakes as well, but there are still no estimates as to just how much of GM’s equity will be up for grabs in this offering. Or what the market response will be. And with the car market still shaky, Opel demanding more of GM’s cash, IPOs being canceled right and left, and only one profitable quarter under GM’s belt, voices are already starting to wonder if GM isn’t rushing this offering for political reasons.

The simplification of the automobile that’s set to take place with the transition to electric drivetrains is a troubling trend for the industry. As Bertel Schmitt has already explored, switching to electric drive could see component counts cut by as much as 90 percent, meaning the suppliers who build most of the components in modern cars are staring down a steep drop in their business. As Automotive News [sub] reports, even electric motors, which were once thought of as a growth area for suppliers looking to get in on the EV shift, are being largely built by OEMs, freezing suppliers out of potential growth. Toyota, Nissan and GM supply their own electric motors, leaving suppliers like Remy International behind in the dust. So how can suppliers stay competitive as EVs become more popular? Counter-intuitively, the answer may be gas-powered range extenders.

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BMW, it turns out, can sell out more than just the odd “frozen grey” special-edition M3. According to BusinessWeek, BMW’s sales boss has confirmed that the new 5 Series is sold out, and that customers will have to wait between three and four months for orders to be processed.

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The 2011 Suzuki Swift has debuted in Europe, and though it looks a lot like its predecessor, Suzuki says it might, maybe, just possibly come to the US this time around. Will they wait for a plug-in version? Will they give it more power than the Euro-market 92 horsepower 1.2 liter? Will the Kia Soul know what hit it? Tell us how Suzuki should bring this car to the US (if at all), and we’ll promise not to make any 18th Century literary references… for now.

Don’t worry my fellow Americans, your supercharged Elises and Exiges are safe. In Europe, however, the introduction of the new 1.6 liter Elise means the old 1.8 supercharged cars are on their way out, victims of the new Euro 5 standard.

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Unsure of what to do about its nearly $20b budget deficit, California is entertaining some pretty wild ideas. And no, not legalizing and taxing marijuana. According to Yahoo News, State Sen. Curren Price is introducing legislation that would replace license plates with digital versions which

would mimic a standard license plate when the vehicle is in motion but would switch to digital ads or other messages when it is stopped for more than four seconds, whether in traffic or at a red light. The license plate number would remain visible at all times in some section of the screen.

Yes, advertising on license plates. Ray LaHood’s distracted driving crusade be damned, California is on a mission to prove that the movie Idiocracy was right. Luckily there’s a slight hitch…

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After one year of ownership we would expect EV residual values to be above the segment average expressed in terms of pound values. But, if the battery is owned rather than leased, and lacks the appropriate extended warranty, the value of the typical EV will then fall dramatically until the vehicle is five years old, at which point the car will have a trade value little more than 10 per cent of the list price

So says Andy Carroll, managing director of the British car-buying bible, Glass’s Guide. He tells BusinessCar that Nissan and other firms launching EVs in Britain should take out the battery cost and lease it to customers with minimum monthly performance clauses. This, he says, would dispel concerns, drive sales, and transform the resale picture. It’s also what Project Better Place is doing, albeit in a complete regional package with battery-swap stations and charging infrastructure.

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