Honda, Toyota, Ford, Chevy, Tata, Renault and Volkswagen are all gunning for India’s small car market, with a number of new models unveiled or featured at today’s India Auto Expo. Some, like the Renault ULC, or “Ultra Low Cost” car still haven’t been revealed. For a look at some of the competitors that are on the road or have just been unveiled, check out our gallery below. With Toyota and Volkswagen publicly aiming for ten percent market share (and others surely hoping for a similar performance), the competition couldn’t be more cutthroat.
With all precincts reporting, Subaru officially takes second place in the 2009 annual sales increase sweepstakes, with a 15 percent annual increase. That achievement was bested only by Jaguar Land Rover, which finished the year up 65 percent with 38,261 units sold. Only Hyundai improved its volume more than Subaru last year, up 56,852 compared to Subies 28,953 increase. Still, Subaru was clearly an up-and-comer this year, shrugging off industrywide declines for one of the best all-round sales performances since the beginning of the so-called Carmageddon. And the momentum seems to be going strong, as Subaru closed the year with a 33 percent increase in December and 23,074 units sold. And to think it all started with the 360, a car that made the VW Beetle look, sound and perform like a freaking Bentley. (Read More…)
If nothing else, 2009 was the year that Americans got over its disdain for Korean brands. Hyundai’s December sales were up 40 percent over 2008 capping an 8 percent annual increase, and Kia’s sales were up 43.7 percent, ending the year up 9.8 percent. Total Hyundai volume last year hit 435,064 units, while Kia crested 300,063 units. December details after the jump.
GM’s December sales release shows a scenario that is reflected across the industry: hefty sales declines on the year with some evening out in December. GM’s sales fell six percent last month, the result of a 54 percent decline in “non-core” brands and a 2.2 percent increase in core brand sales. Still, considering December 08 sales were down nearly by half compared to 2007, it’s clear that GM still has some climbing to do to return to something resembling normalcy. Of the four core brands, the three smaller saw modest gains, with Buick climbing 37 percent, Cadillac gaining 11.4 percent and GMC improving 4.8 percent. But those gains were offset by a 1.5 percent decline in Chevy sales. For the year, Buick dropped 25.4 percent to 102,306 units, Cadillac fell 32.3 percent to 109,092 units, GMC fell 31.1 percent to 259,779 and Chevrolet dropped 25 percent to 1,344,629 units. [Complete GM sales data in XLS (Excel) form available for download here]
What a year it’s been for Chrysler [sales release here]. With a bankruptcy and bailout on top of a aged and unloved product lineup, it’s almost a miracle the Pentastar boyz sold anything in 2009. Overall sales were down 36 percent over 2008, which saw sales 30 percent lower than 2007. But never fear Mopar fans, Chrysler swears that this downward momentum is a thing of the past, and that 2010 will see Chrysler’s first annual sales growth in years. But the question that comes to mind looking over these latest results is how? After all, only two Chrysler Group models actually sold better in 2009 than 2008. Can you guess which? (Read More…)
We also recognize there is a market (for the Nano) not only in developing countries, but possibly in the developed countries. For the United States we need a car which has a larger engine and we need additional crash test modifications and we are in the process of doing it.
Ratan Tata at today’s India Auto Expo [via Automotive News [sub]], suggesting that the world’s cheapest car could eventually be sold in the US. Fiat is already partnering with Tata to jointly sell the Nano in Latin American markets, so there’s a chance that the Indian city car could eventually show up at Chrysler dealerships.
The very first post-bankruptcy, Chrysler-brand advertisement was a true re-badge, literally replacing Lancias with Chryslers in the exact same advertisement. The second spot, which we ran yesterday, was a vague, year-end spot emphasizing history and heritage while showing only one modern car. Though it’s not a strict re-badge like the Lancia ad, the new Chrysler ad is, at the very least, based on some serious platform-sharing. Specifically the ad above, an Italian-language spot for the Fiat Group, is thematically identical to the Chrysler ad.
The production version of the Opel Meriva has debuted, and as promised, the suicide doors made the cut. But will the Meriva come to America, re-grilled as a Buick? A Gamma II-based MPV is rumored for Buick’s 2012 lineup, and suicide doors might just be the gimmick that helps America understand the concept of “premium compact.” Even though, as the image after the jump shows, they are little more than a gimmick.
As soon as the vessel embarks, all risks related to the vessel are the responsibility of the distributor. All payments for the cars have been made, while the cars are also insured.
From a Hyundai statement to Bloomberg on the fate of 2,388 Hyundai and Kia vehicles aboard the Asian Glory, which was hijacked by Somali pirates en route to the Middle East.
Ford has wrapped up some much-needed financial wrangling today, as it struggles with with its monstrous pile of debt. According to Automotive News [sub], Ford transferred $13.2b in debt and about $4b in cash to the UAW-run health care trust fund, completing a long-awaited liability consolidation. $1.4b of the transfer was a scheduled payment on a $6.7b note, while $500m more was a prepayment on that note. Ford paid $610m (cash) on another $6.5 billion note, transferred $620m from a temporary account and $3.5b from an internal VEBA fund and handed over warrants to purchase 362 million shares of Ford common stock at $9.20 per share. All together, the move reportedly adds $7b in debt to Ford’s balance sheet.
I saw your recent post on Tim Cook at Apple. I don’t know if he has been contacted yet but he is the top candidate that Spencer Stuart has identified as the next CEO of GM. I have an inside source at Spencer Stuart.
[Interim GM CEO Edward E. Whitacre] wants the candidate to come from a company known for operational excellence, innovation and customer satisfaction and in addition he is looking for someone that has turnaround experience. It also doesn’t hurt that [Tim] has been able to work with Jobs. Whitacre does want to stay on as Chairman. Also, Cook has been the key link to AT&T and should understand the culture that Whitacre, [a former AT&T CEO] built.
Will be interesting to see if he would leave Apple for this. I don’t know him but if he wants to be a CEO it does seem he needs to leave with Jobs back. Most interesting will be to see a CEO from Apple and a CFO from Microsoft.
Having a hard time understanding the stream of inexplicable niche products coming out of the German automakers recently? Mercedes isn’t about to make things any easier. According to the latest print edition of Auto Motor und Sport, Mercedes has fallen so far down the segment-busting rabbit hole, it’s planning a “Shooting Brake” wagon version of its already-confusing four-door coupe, the CLS. Intended, of course, to compete with the BMW 5GT and Audi A7. Look for a concept inspired by this 2008 ConceptFascination study to debut at this fall’s Paris Auto Show. Then expect Audi and BMW’s designers to drop even more acid and talk their bosses into producing a landaulet-roofed, seven-door, MPV-coupe. You know, just to see if Mercedes makes one too.
You’d have to be a fairly trusting GM dealer to participate in what The General calls its Essential Brand Elements program. After all, it’s just the kind of dealership re-branding exercise that HUMMER dealers were forced into shortly before the brand was consigned to the ash heap of history. And once again, GM is asking dealers to create ideal showcases for its brands while keeping compensation for the renovations on a highly trust-dependent basis. GM wants brand-specific dealership rebrandings complete within three years, but will only pay for them over the next five to ten years reports Automotive News [sub]. And the payments won’t be fixed either, but will rather be tied to the dealer’s annual vehicle shipments using “a seasonally adjusted formula that takes into account the price of the vehicles sold.” According to Chevy’s Sales Manager Kurt McNeil, those payments could “conceivably” cover the recommended changes over the ten-year period. Are you feeling the trust yet? (Read More…)
In the first unique Chrysler brand spot since bankruptcy, America is referred to as ChryCo’s “traveling companion.” Which is a bit rich, considering the American people were generous enough to spend billions pulling the wreck that was Chrysler out of a ditch less than a year ago. Who knows, maybe the term “unwilling investors” didn’t play so well in the workshops, a possibility that might also explain why only a single modern Chrysler vehicle (the 300) is allowed to punctuate the ad’s gauzy nostalgia. In any case, notch up another Chrysler Group ad that says nothing about anything that might give one hope for the firm’s future. Ironically enough… (Read More…)
Few aspects of the automobile are as examined, analyzed and obsessed upon as styling. Ask most people about cars and they won’t talk about engine displacement or suspension setup; it’s the physical presence of cars that captures interest and sparks passion. For a niche luxury brand like Jaguar, which survives on the margins of major markets without the backing of a full-line automaker, the art and science of auto styling is of supreme importance. Unable to match its rivals in the technological arms race of the upper-echelon luxury segment, Jaguar’s relevance is perhaps more tied to its ability to create compelling designs than any other modern brand. Were this the only challenge facing Jaguar’s chief designer Ian Callum, his job would be one of the most interesting in the business. Thanks to Jaguar’s nearly 40-year stylistic stasis however, Callum’s tenure is nothing less than one of the most significant in the history of automotive design.
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