From the “yeah, that will work” file comes word that Chrysler is pushing dealers to hire more salespeople in order to make its five-year plan goal of increasing US-market sales by 45% this year. Spokesman Peter Grady tells Bloomberg via a leaked memo to dealers
While it’s still early in the calendar year, now is the time to act. Hiring additional personnel in preparation for the spring market is essential for success in 2011.
But aren’t the newly updated Chryslers supposed to sell themselves? Seriously though, the real problem with this plan isn’t simply that it reeks of desperation… it’s that Chrysler is going to have to do more than just increase its number of dealers. After all, isn’t quality as important to a sales force as quantity?
Like much of the automotive media, we were under the impression that Nissan was replacing its Versa/Tiida with the new Nissan Sunny model that recently debuted in China. The first cracks in that theory started to appear when we saw an updated Versa with a 1.6 DIG Turbo badge on its intact rear hatch. Now, thanks to Burlappcars.com, we have our first look at the rest of the new Versa. The new model keeps the Versa’s big-box appeal, while updating the look for a more sleek, modern aesthetic. It’s a restrained, conservative look, but then the current Versa dominates its segment despite its downright dowdy styling. As long as this new model keeps the Versa’s giant interior space (it’s a B-Segment car with EPA midsize-rated interior volume), its updated styling (and the option of the Juke’s delightful little direct-injected turbo engine) should keep the Versa at the top of its segment.
During an interview this year at the Detroit auto show, Jamie Hresko, then vice president of GM global powertrain engineering, strongly suggested the automaker was exploring a new mid-sized pickup. He resigned in late February to pursue other opportunities.
To meet proposed higher U.S. fuel economy and lower emissions standards, automakers that sell in the United States eventually will need to develop a leaner range of pickups, Hresko said.
At some point, especially with the likelihood of higher gasoline prices down the road, a smaller, lighter-weight pickup is inevitable…
It has come to our attention that another car blog which will remain nameless has reported that Murilee Martin will be leaving TTAC to work for High Gear Media’s Motor Authority blog. Though Murilee will be writing one post per week for MA, his/her excellent contributions at TTAC will continue unabated (the report in question has since been corrected).
In fact, I am looking forward to meeting the legendary Ms Martin in person for the first time at this weekend’s Sears Pointless edition of the 24 Hours of LeMons. Fans of TTAC and Ms Martin located in the San Francisco Bay Area are encouraged to come down to Infineon Raceway to check out the sights, sounds and yes, even the smells of LeMons racing, as well as to meet TTAC’s Editor-in-Chief and Senior Junkyard Editor in person. Hope to see you there!
Automotive News [sub] reports that GM has sold $1b worth of preferred stock in Ally Financial, the bank holding company that emerged from the wreckage of GM’s former in-house lender GMAC. GM will book $300m on the deal, which will take its ownership stake in the lender to 9.9 percent. GM will likely continue to reduce its exposure to Ally, which is 74% owned by the US Treasury, as its new CFO seeks to rebuild its in-house lending capabilities. GM’s move away from Ally has intensified competition between the financial firm and GM’s new financing arm, which has been built on the acquisition of subprime lender AmeriCredit. This mounting competition has been criticized by the TARP Congressional Oversight Panel, which rapped GM for failing to find a win-win solution for its own financing needs and the viability of the taxpayer-owned Ally. Amman’s strategy for avoiding further conflict: sticking with subprime and floorplan lending, leaving prime auto lending to Ally. But, argues analyst Maryann Keller
Floor-plan lending is about building an individual relationship with a lender. To get them to switch, you need to get people on the ground and get out and talk to dealers and build those relationships.
Meanwhile, with its stock struggling to achieve the value projected for it by several analysts, GM has approved a second quarterly dividend of $0.594 per share on its Series B mandatory convertible junior preferred stock. More cash and a new dividend seem likely to pump up GM’s stock price a little, but it is unlikely to reach the $55-ish price needed to pay back the government’s equity investment in the short term.
Think BMW sells a lot of cars in the US? The German automaker may have registered nearly 20,000 “sales” in the US last month, but according to the analysts at Polk, over 50 percent of its “sales” in 2010 were actually leases. No wonder BMW’s best-seller, the Dreier (3 Series), occupies a nearly unique position on the price-volume frontier. And apparently BMW will continue to look to non-sales for future sales growth, as Automotive News [sub] reports the firm has launched a new car-sharing joint venture in Europe aimed at bringing in a million new customers by 2020. The pitch: sleek new Bavarian metal, as well as the ability to pick up and drop off vehicles anywhere, thanks to smartphone vehicle tracking. But the biggest pitch, say BMW sources, is to people who would never buy a new BMW… or even lease one. And they’re not just talking about poor folks either…
Renault has had quite a bit of success in recent years with its budget-brand Dacia, prompting Peugeot-Citroen to reach back into its bag of abandoned brands for a name to put behind its own low-cost car offerings. Having briefly considered the Talbot name, it seems that PSA has settled on something a little more modern and relevant to low-cost offerings: Simca. Which makes quite a bit of sense, if you think about it. Rather than naming a budget brand after the makers of hugely expensive pre-WWII luxury cars (a trick Chrysler tried once already with the Horizon), PSA can reference one of the mostinfluential (if forgotten) small-car brands. At least, it can if it deals with that most modern of problems, the patent troll. AutoBild reports
Joachim W. “Simca” signed in September 2007 at the German Patent and Trademark Office as a trademark for the class “cars”. Then a cancellation request was made - probably by Peugeot. The French made at least one attempt to register Simca on 2 June 2008, whereupon Joachim W. submitted an application for cancellation.
It’s not clear what claim Mr Simca might have on the name, as SIMCA stands for Société Industrielle de Mécanique et Carrosserie Automobile.
But King isn’t ready to disclose any results from the organizing campaign, refusing to share any of the automaker responses to his organizing principles. We’re guessing that’s because they sent roughly the same response as Honda. Meanwhile, King still says the UAW will assimilate “at least one” transplant, but still refuses to identify the maker. Our guess is that King will organize a “Mission Accomplished” moment at NUMMI, the sewer into which all of the UAW’s contradictions flow. Though best known as a Toyota plant (in large part due to the UAW’s misleading protests against the Japanese automaker there), NUMMI has always been a union shop, and its new owner, Tesla, hardly qualifies as a “transplant.” In fact, such a move would come up short of even replacing the union jobs that were lost at NUMMI when GM pulled out of the joint venture during bankruptcy. If NUMMI is to be the UAW’s “victory” it will prove simply that the incredible shrinking union considers barely treading water a “victory.” Surprised?
The modern Crossover family tree can be traced (aesthetically, anyway) back to three basic roots: the “light SUV” (Jeep Cherokee, Toyota 4Runner), the “pure crossover” (Lexus RX300 and endless copies) and the “jacked up AWD wagon” (Outback, Volvo Cross Country). In fact, one might even posit a Hegelian dialectic to explain the evolution from:
Light SUV (thesis) -> “jacked up AWD wagon” (antithesis)-> “pure crossover” (synthesis)
Well, leave it to Europe to screw up a perfectly good theoretical construct. It seems that the continent that gave us dialectics is going back to what was always the most interesting branch of the crossover family, the “jacked up AWD wagon.” Volkswagen seems to be responsible for a lot of the re-exploration of Subaru’s now-nearly-abandoned niche, with a CrossPassat coming to European markets next year, a possible “Skoda Superb Scout” being weighed as well, and an Audi A4 Allroad already on sale. But perhaps the most intriguing of this new class of neo-Outbacks comes from Peugeot, which is testing a leggy 508 diesel hybrid wagon that drives its rear wheels solely by electric power.
This is not a test. Do not attempt to adjust your display. What you are watching is an advertisement for a new car. But before you hit the jump and find out what car this is supposed to make you want to buy (trust me, you won’t be able to tell by watching alone), see if you can guess the answer. (Read More…)
Unless you’re checking in on TTAC from your private jet, chances are you have never driven a car worth upwards of a quarter-million dollars. Hell, TTAC’s writers are more likely to be invited to strap into the latest hi-po machinery than most honest paycheck-earners, and it’s a rare day when we get access to the true elite of the global auto game. But as enthusiasts, we all have opinions about even the cars that massively exceed our purchasing power (let alone our ability to use them to their true abilities), so we’re curious about which next-gen supercar leaps out as the most appealing based solely on what you’ve heard about them. (Read More…)
With its effort to organize transplant manufacturers stalled, the UAW is turning all of its attention to what may be one of its toughest contract negotiations ever. The union’s rank-and-file is pushing hard to take back concessions given during the bailout, but at the same time, the union has to avoid burdening the recovering US automakers with competitive disadvantages. And because the three Detroit automakers have performed so differently over the last year (Ford made a $6.6b profit last year, GM made $4.7b and Chrysler lost $652m), the tradition of pattern bargaining will only make negotiations even tougher. But it’s huge bonuses for executives at Ford that is getting the war of words started early, as Bill Johnson, plant chairman for UAW Local 900, threatens
If they don’t restore everything (we) gave up, the membership is going to knock it down. The bonuses that were just announced are just ridiculous.
And that’s a good place for the UAW to begin negotiations, but they’re realistically not going to get everything back. So how is this going to play out? (Read More…)
Fear not rally-special fans: Mitsubishi has apparently gone back on its vow to cut off the Lancer Evolution series of AWD performance machines. Mitusu’s CEO gives Autocar the definitive word:
Production of the current Lancer Evolution X continues as planned. As for its successor, regulations and market feedback will dictate its engineering package and architecture. MMC [Mitsubishi Motor Company] has kept the Lancer Evolution sedan evolving as the brand’s highest performing model in the global market. However, as the markets need’s and demands change, MMC is considering not advancing the Lancer Evolution concept in the same way as before, but to find a different direction for the Lancer Evolution model to evolve.
The new direction, the technologies involved, and corresponding products will be disclosed in due course.
Rumors have the EVO XI boasting a diesel-electric hybrid system, combining a sub-five-second 0-60 time with 200 grams of C02 emissions per km (low-30 MPGs). But this drama has taken on plenty of twists and turns already, and since diesel-electric technology is so expensive, the EVO XI could even have a less-radically-revised drivetrain in keeping with the models budget-hero image. And no matter what happens, Mitsubishi’s “will-we-won’t-we” approach to the EVO’s future has certainly helped raise the profile of its halo car. But even if the EVO lives, our romance with the too-good-to-live recent version will be changed. Some things weren’t meant to last forever…
Although this is a show vehicle, the basic proportions and form convey the vision for the next-generation Colorado that we will bring to market. It reflects a stylized version of the new truck, one that takes into account rugged dependable truck capabilities for commercial use as well as sophisticated refinement for personal-use needs.
The Thai-built version of the Global olorado willl begin production this October, but a version of this truck intended for the US market is still a ways off. It’s unlikely that a US version will offer GM’s new diesel engine, but GM is still keeping details about its new oil-burning engine under wraps for now. Given the lack of investment in the US Market’s mid-compact truck offerings, however, any new trucks entering this space are worth watching.
We love staying ahead of the curve with new engine technologies like the Ecomotors OPOC engine, but without an engineering degree it can be hard to tell the the posers from the next big thing. So when something like the Wave Disc engine comes along, we throw ourselves upon the collective wisdom of our Best and rightest to help us make sense of it. In the video above, the Wave Disc engine’s creator, Michigan State’s Norbert Muller, explains his invention and its benefits including simplicity, light weight and efficiency. And, he claims, the technology is close enough to reality to have a Wave Disc-electric hybrid within three years. Hit the jump for more technical details, and be sure to let us know if this is worth watching or just another engineering dead-end. (Read More…)
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