With GM’s share price slipping below $30, the cries are going up again around the internet about the government’s stake in the bailed-out automaker. Thus far the Treasury has remained mum on its exit strategy, only indicating that it would emphasize speed rather than maximum return as it charted the course for its sell-off. But now, Reuters reports that “a big chunk” of the government’s 33% remaining stake in GM could be sold “in the summer or fall.” With the government’s shares “locked up” until May 22, that could mean the government is bailing as quickly as possible at a time when GM’s stock is hitting post-bankruptcy lows, and its CEO offers little in the way of explanations beyond blaming the Japanese tsunami and rising fuel prices. The Wall Street Journal figures taxpayers would lose $11b on its “investment” in GM equity if the government sold at today’s prices (the stock must hit $53 for break-even), but reports that political motivations outweigh fiscal considerations. The White House does not want “Government Motors” to be an issue in the next election.

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As I just noted in my comments on the 2012 Nissan Tiida pictures, the US-market Versa is moving up a class in order to make  room for the Nissan Micra, which takes over as Nissan’s subcompact responsibilities by early 2012 at the latest. To celebrate the nameplate’s new importance as a global model, Nissan created this Compact Sport Concept aimed not at the US, but “young customers in emerging countries.” The highlights: it’s a tarted up Micra, rocking the Juke’s lovable 1.6 liter direct-injected, turbocharged engine, making 188 HP, albeit with a CVT transmission. Which is (almost) exactly what I was thinking of when I argued that the marketing-hijacked Juke could have been a “Versa GTI.”

Without the marketers, it’s tempting to believe that Nissan’s engineers would have widened the Versa platform, added the fantastic turbocharged engine, and then decided to simply put a steroidal Versa body on top, creating the king of all B-segment hot hatches.

In the even smaller Micra body, that zesty turbocharged mill must be downright epic. Too bad the Micra will almost certainly never get the engine it has here, having been shown with a super-efficient 1.2 liter three-banger, and touted as a “super green” model for the US. On the other hand, there is reason to believe the new Versa could get this engine. We might just have to make do with that… unless Hyundai’s Veloster starts selling well.

Like most auto industry executives, the 2012 Nissan Tiida (Versa) had a choice to make this week: Shanghai or New York? China or Chinatown? Central Park or YuYuan Garden? Reuben or Xiaolongbao? Decisions, decisions. Speaking of which, we’re not even positive at this point that this Chinese-market Tiida (just revealed at the Shanghai show) is the same car as the US-market Versa that’s set to debut in Detroit. Either way, expect the Versa to be offered as a Compact (C-Segment) model, as its smaller brother, the Micra, is set to arrive in the US within the next 12 months or so to take over subcompact duty…

Few vehicles have been as relentlessly restyled over the past 10 years as Subaru’s Impreza, which has endured five new versions or refreshes since 2001 (including the Mk1).  And now there’s a new version, taking styling cues from Subaru’s Impreza Concept as well as (to our eyes, anyway) the first-generation of Pontiac Vibe. Though the front and rear treatments are an improvement on the weakly-detailed current model, the proportions don’t seem to have improved any. And then there’s the under-the-skin issues. That 36 MPG promised by Subaru for the next Impreza comes from a downsized engine (two liters rather than 2.5) and a continuously-variable transmission (CVT). The Outback version, hinted at in this XV Concept, should get less than 36 MPG thanks to its jacked-up ride height, but it’s still not clear whether the 2.5 and manual transmission will continue to be available on the new Impreza.

When GM pulled out of its Fremont, CA NUMMI joint venture with Toyota during its bankruptcy-bailout, the UAW took the opportunity to bash the Japanese automaker, protesting its dealers based on the false accusation that it, rather than GM, had killed NUMMI. But in fact, despite suffering from overcapacity in the US, Toyota was anxious to keep NUMMI open, and according to interviews with Toyota executives that went into the book “Toyota Under Fire,” Toyota offered something to GM as incentive to keep the plant open. At the time, speculation ran rampant that Toyota offered to rebadge the Toyota Prius for GM, but that didn’t happen. Instead Toyota offered GM something else… and we want you to guess what.

Here’s how the contest works: surf over to TTAC’s Facebook page, find the wall post titled “TTAC Contest: What Did Toyota Offer GM?” and add your guess to the comments section there. The first person to post the correct answer will be contacted for their address, and we will send you a special prize: a Chevrolet Volt-branded pen that was used (briefly) by TTAC Editor-in-Chief to take notes at the Volt’s press launch. You know you want it… now go post your answer on Facebook!

Has it really been a year since the United States tore itself apart in a frenzy over the possibility that Toyota’s might suddenly accelerate out of control? So intense was the furor over Toyota’s alleged misdeeds, that it seems like the whole scandal occurred only yesterday, yet the brevity of the crisis already gives it the distance of ancient history. Now, just a year after the height of the hysteria, the first major book on the subject has arrived, casting a clear light on the events of the recall. Serving as a history of the scandal, a case study in Toyota’s responses to it, and a cutting critique of the media’s coverage of the recall, Toyota Under Fire is a powerful reminder of the many lessons that emerged from one of the most intense and unexpected automotive industry events in recent years.

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Pull your eyes away from its fussy front-end treatment for one moment, and you’ll find that Volvo’s Concept Universe displays some classically elegant luxury-flagship lines. A long, sculpted hood, a kicked-back coupe-like cabin with powerful haunches and suicide rear doors all add up to an imposing but athletic flagship, with proportions that scream luxury. In fact, having escaped from the clutches of the serial luxury-brand mismanagers at Ford, Volvo appears to have created the Lincoln flagship that everyone has been begging for. Go ahead: compare this Concept Universe to Lincoln’s MKR Concept and tell us which looks like the better Lincoln flagship. Graft a subtle waterfall grille on this bad boy, and China could save Lincoln’s image the way Chinese designers were able to re-capture Buick’s all-American magic with designs like the LaCrosse. As a Volvo, on the other hand, the Concept Universe may be just a tad too ambitious.

Bringing out a V6 version of a full-size truck like the F-150 is a good way to get truck guys suspicious, especially if you try to assuage their fears by talking about the engine’s direct-injection, turbocharging and other high-tech frippery. Ford’s solution: emphasize the “power of a V8, efficiency of a V6” simplification, and hope the market catches on as gas prices rise. But does Ford’s marketing concept actually hold true in real life? Does an Ecoboost F-150 get the mileage of a six cylinder even when doing tough truck-guy work? Thanks to some great work by Pickuptrucks.com, you can decide for yourself using the data from a fantastic infographic used to illustrate their test of a loaded and unloaded Ecoboost F-150.

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BYD made a big splash a few years back when it became the first Chinese automaker to develop a highway-capable plug-in vehicle. That announcement brought a flurry of publicity and a Warren Buffett investment in the firm, but has yet to translate into real plugin sales success. Now, BYD is making a big splash again, by announcing another first for a Chinese automaker: an in-house, stratified-injection, all-aluminum turbocharged engine with a dual-clutch transmission. The 1.5 liter engine creates 178 lb-ft of torque from 1750-3500 RPMs, according to a BYD release, putting “[power] equivalent to a 2.4 liter gasoline engine” through “an advanced 6-Speed Tiptronic dual-clutch design” transmission. BYD insists that the drivetrain’s technology was developed in-house, but some may point to the firm’s ties to VW as a source of the know-how in China’s first modern engine.

Cars like Cadillac’s 556 HP, rear-drive, manual transmission-equipped CTS-V SportWagon are the kind of offering that enthusiasts lust after, even if a relative “value-price” of $70k-ish keeps it in aspirational territory. And by offering a CTS “Performance Edition” with the option of mating a six-speed manual to GM’s well-liked 3.6 liter V6, Cadillac gives enthusiasts an appealing opportunity to bask in some of the V’s reflected glory. But apparently not many enthusiasts are interested in pursuing this opportunity, as InsideLine reports that the manual transmission option will be dropped from the 2012 CTS 3.6.

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Cars charred in Barkhamsted fire: wtnh.com

The Hartford Courant reports that the fire reported on in the video above, which first started in a garage holding a new Chevrolet Volt and a converted electric-powered Suzuki Samurai, re-ignited this morning. According to the report

A fire apparently reignited inside the battery of a new Chevrolet Volt car early Monday, less than five days after the Volt, an electric hybrid, was involved in a blaze that destroyed a Barkhamsted garage where it had been plugged in for recharging.

“The rekindle this morning really adds to the mystery,” Barkhamsted Fire Marshal Bill Baldwin said today.

Representatives from General Motors, the vehicle’s manufacturer plan, are scheduled to arrive in Barkhamsted this evening to examine the car, Baldwin said.

The hybrid electric car was not plugged in this morning when the fire rekindled, Baldwin said.

Investigators still haven’t linked either the fire or the rekindle to either vehicle, but GM’s investigators should be able to help narrow down the cause of the fire.

UPDATE: TTAC Commenter mcs finds the blog of a Suzuki EV converter based in Barkhamsted, CT. One post describes a homemade charging system its owner describes as “certainly not a recommended safe practice.” Hit the jump for a screen capture of the post, or check out the blog here.
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Billed as a concept that

introduces the development direction for Buick’s future SUV products for the market,

the Chinese-designed Envision is the first look at future Buick design since the Buick Business from two years ago. But whereas the Business Concept pointed the way towards a funkily distinctive Buick aesthetic and product sensibility (if anyone should reinvent the minivan, shouldn’t it be Buick?), the Envision concept is an anonymously internationalist crossover. GM’s presser claims the Envision “merges Buick’s global design language with Chinese aesthetics,” but next to Buick’s previous Chinese-designed masterpieces of contemporary “American-style” design like the Business, Invicta and Riviera concepts, it offers little to identify it as a Buick. In fact, it seems more like a tribute to the Hyundai Tucson, which itself is something of an homage to Ford’s Kinetic Design. Perhaps Buick’s designers are trying to signal the fact that, in the future, all crossovers will look exactly the same.

You can just about kiss those worries about a US price war goodbye, as GM has become the third major automaker to raise its US market MSRPs in April alone. Like Toyota and Ford before it, GM is raising its prices by about $100 per vehicle ($123 on average) in response not to Japanese parts shortages, but steadily increasing raw material costs. According to the WSJ, the price increase takes effect starting on May 2. And, TrueCar’s Jesse Toprak tells Fox,

The advice would be, based on what we see today, we don’t see any kind of ease in price anytime soon. The prices of everything will go up, moving forward.

Now all GM needs to do is start easing off its incentives so that those MSRPs actually mean something.