Posts By: Edward Niedermeyer

By on December 15, 2010

Lotus has perplexed and antagonized a number of auto enthusiasts by announcing its intent to expand beyond niche sportscars and become a global sport-luxe brand in the vein of Porsche and Ferrari. By announcing five future cars at once, Lotus made an audacious splash in the industry, and painted a giant target on its back. At the same time, Lotus’s initial plans called for the use of Toyota V8s and hybrid systems, leading some to wonder if Lotus was even being audacious enough. After all, assuming it could play with Porsche’s and Ferraris using only mass-market customer engines was somehow cravenly conservative to the point of being obnoxiously ballsy. Surely Lotus realizes that bespoke drivetrains are crucial to building a global sportscar brand? Well, apparently the Hethel boys didn’t get it… at least until their potential customers made an issue of it.

(Read More…)

By on December 15, 2010

ABC reports that GM has purchased $2.1b worth of its stock from the Treasury Department, bring the government’s stake in the bailed-out automaker to 33 percent. GM’s stock price must now reach $53/share in order for the government to recoup its remaining $16.88b investment in The General. GM’s stock currently trades at around $33.70, and recent analysis from UBS shows that the company faces significant short-term challenges as an investment.

By on December 15, 2010

We’ve been slacking a bit on our sales analysis over the last few months, but with the end of the year rapidly approaching we’re getting ready to look back at a year of sales, statistics and trends. To catch you up on the evolving US market sales picture, we now present the top six sellers in each of the six most important segments. Midsized and compact sedans, midsized and compact crossovers, pickups and “luxury low” (better known as “3 Series Fighters”) are all represented with today’s wide but shallow snapshot of car sales in 2010. Will the Sonata pass Malibu this year? Having beaten the Toyota Highlander, will Subaru’s Outback take down the Honda Pilot? Will the CR-V hold off the Escape? Best And Brightest, this is your cue to start prepping those year-end sales analysis talking points…

By on December 15, 2010

It’s the most wonderful time of the year, as the Detroit automakers reach for their checkbooks and write out annual cost-of-living adjustment bonus checks, known fondly among workers as the annual “Christmas Bonus.” This year, GM, Ford and Chrysler will pay out $305m in these COLA “bonus” checks… but, in classic UAW style, you can only get one if you no longer work. Yes, you got that right: if you are a salaried or hourly worker currently employed by GM, there will be no COLA bonus this year… or even next year. If, however, you are one of the lucky GM retirees who never had to face the modern challenges of two-tier wages and a near-bankruptcy experience, check your mailbox because there should be a $700 check waiting there to make your Christmas a little brighter. After all, retirees are the future of every company… right? [via Automotive News [sub]]

By on December 14, 2010

When it comes to inside dirt on the happenings in Auburn Hills, Allpar tends to deliver the goods. Today they have what they say could be Dodge and Chrysler’s new marketing taglines, to wit:

  • Life is best when driven
  • Imported from Detroit

Of course, we must note that marketing is an irony-free zone. These slogans could just as easily be a practical joke as the real thing. After all, what right-thinking automotive marketer would not only associate its products with Motown, but do so in a way that actually reinforces the market’s preference for imports? Especially considering an Italian firm is paying said marketer’s salary. Say what you want about “Life is best when driven,” at worst it’s painlessly generic. “Imported From Detroit,” on the other hand, is the modern “Not Your Father’s Oldsmobile”: self-aware and self-destructive.

By on December 14, 2010

The recent “Carpocalypse” has not been kind to automotive engineers, as automakers cut back on Research and Development and fired white collar workers with abandon. Now, with sales regaining some momentum, OEMs and suppliers are hiring engineers again… and they’re having to work to make the hires. The supplier Ricardo recently had to take out billboards and radio ads in order to hire qualified automotive engineers… and this in a state with 12.8% unemployment. CEO Kent Niederhoffer tells Bloomberg

We’re all playing in the same sandbox, competing for some of the same talent. It isn’t as simple as throwing a shingle out there and saying ‘Job Opening.’ Attracting this kind of talent has gotten absolutely tougher and we’re trying to raise our head above the crowd.

(Read More…)

By on December 14, 2010

At a press conference announcing new cooperation between Nissan and Mitsubishi, Nissan’s Carlos Ghosn presented the tie-up as a far-sighted move that will help both sides prosper. The Renault/Nissan boss explained

In the global auto industry, cooperation on specific projects among automakers is becoming increasingly common. It is a signal of how our industry is evolving to sustain success over the long term

But if his words were saying “cooperation,” Ghosn’s body language said “I’m hungry and your company looks bite-sized.”

(Read More…)

By on December 14, 2010

Chrysler has earned the reputation of having some of the shoddiest interiors in the business, a perception they’re working hard to address with their new products. Jack Baruth calls the new Grand Cherokee’s interior “class competitive,” and the new 300 will aspire to at least match that accolade. And though we won’t know just how good the 300 is until we fondle the materials, jiggle the dials and knock the dash, we do have a few pictures of the 300’s interior to pass snap judgment upon. Leaving aside details like whether the 300’s wood trim has ever seen a forest before, is the 300 shaping up to be a pleasant place to spend time behind the wheel?

By on December 14, 2010

When “Maximum” Bob Lutz showed up on the advisory board at Lotus, we were hardly surprised about his choice of post-retirement projects. After all, Lotus is one of the most audacious (privately-funded) turnaround attempts in an industry that runs on turnarounds, and Lutz is the king of building automotive hype, fresh off of one of the most overexposed automotive projects in recent memory, the Chevy Volt. Besides, Lotus’s shot at an overnight leap from niche enthusiast brand to Ferrari and Porsche-rivaling juggernaut is so brazenly implausible, that Lutz actually lends credibility to the project. At least, he would do if he didn’t have that irrepressible knack for saying things like

People keep asking me if I’m sure the new plan will work, and of course I can’t guarantee that. It’s a risk. But I’m quite certain it stands a better chance than the Lotus status quo, which for sure would eventually lead this great brand into terminal decline

Lutz goes on to tell Autocar that Lotus’s billion dollar turnaround “a big gamble,” and admits that “a fair bit of showbiz” is driving Lotus’s quantum leap towards becoming a full-line sportscar and supercar maker. Does it sound like Lutz might have some mixed feelings about Lotus’s rush to trample its enthusiast credentials? More maximum mixed feelings below the fold.

(Read More…)

By on December 13, 2010

Comedian Adam Carolla has been associated with so many efforts to bring Top Gear to the United States, it must have stung him just a little to not be included in the History Channel’s adaptation of the British car show. But instead of getting mad, Carolla decided to get even. With fans of the original Top Gear largely united in their indifference to the Ferrara/Foust/Wood presenter team, Carolla is joining up with several other Top Gear rejects to create a little competition for Top Gear USA. The show is untitled as yet, but according to Variety

Carolla will star along with Pulitzer Prize-winning Wall Street Journal auto writer Dan Neil, ex-NBA star John Salley and Matt Farah from The Smoking Tire website.
Intriguingly, Dan Neil has said that he was rejected as a possible presenter for an early NBC attempt at a Top Gear USA series, because he “had zero chemistry” with Carolla. So, have Dan and Adam been working on their banter in the interim, or will the Speed Channel show’s presenters suffer from the same tepid chemistry as History Channel’s? At least one thing is for certain: because the show is being pitched as a hybrid of Top Gear and Fox Sports Net’s “The Best Damn Sports Show Period,” at least it won’t suffer from the need to remain faithful to a single original series. And, as the world of cars proves again and again, competition breeds excellence. Even if Carolla’s show can’t capture lightning in a bottle, it will keep Top Gear USA from coasting on its name and British-based reputation. That alone seems to make this project worth keeping an eye on.
By on December 13, 2010

Toyota may have won a near-monopoly on modern hybrid drivetrains over the last decade, but at least until recently its Hybrid Synergy Drive has been limited to use in car and crossover applications. Sensing the vulnerability, GM, Chrysler, Daimler and BMW collaborated to develop a large V8-based hybrid system capable of powering large light-duty trucks. The resulting “Two-Mode” hybrid system has largely proven to be a bust, as BMW and Mercedes have limited its use to one-time X5/X6 and ML Hybrids. GM and Chrysler have tried to sell Two-Mode versions of their full-sized trucks and SUVs with little success over the past several years, as relatively low fuel prices and high MSRPs conspired against the hybrid truck segment. Now Toyota may be targeting the hybrid pickup market, as its Hino truck unit has begun testing a hybrid drivetrain for light-duty trucks that it hopes to commercialize by net year.  Greencarcongress.com reports:

The hybrid system, which features a clutch between its engine and motor, offers an all-electric drive mode for the truck. Internal Hino testing showed an improvement in fuel efficiency of a diesel truck by about 50%.

Testing by the Japanese postal service, and several private firms should give a better sense of the efficiency benefits of this system, but that will still leave the question of price. And gas prices. And America’s willingness to buy pickups from Toyota in Detroit-like numbers. On the other hand, it’s not safe to underestimate any Toyota hybrid. If this new drivetrain can do for trucks what Hybrid Synergy did for cars, things could get interesting…

By on December 13, 2010

Automotive News [sub] reports that GM is bringing out its first round of buyouts since emerging from government-structured bankruptcy a year and a half ago. The General is offering skilled trades workers at 13 plants some $60,000 a head to leave the company, as the firm tries to cut down its ranks of skilled trade workers, of which it has “several thousand” too many. Qualifying workers who have already reached retirement age will receive $60k and full benefits, while younger workers will have to give up retiree benefits to qualify for the buyout. The offer is good at 13 GM plants, eight of which are closed, on standby, or scheduled to close, including Orion Assembly, where 40 percent of the recalled workers have been bumped into the UAW’s second tier typically reserved for new hires (or pushed to another factory to piss off yet more workers). GM hasn’t announced how many buyouts it is looking for in the current round, but with nearly half of Orion’s workers alone facing a 50 percent pay cut (and the UAW pushing for buyouts for months now), it seems likely that GM will be able to convince a whole mess of workers to leave their jobs. Especially if there are more “innovative provisions” coming down the pipe.

By on December 13, 2010

In 1973, Lotus shocked its fans by announcing that its seminal model, the Super Seven, would no longer be sold as a Lotus. Lotus’s largest dealer at the time bought the rights to the Lotus 7 design and began manufacturing the stripped-down roadster as the Caterham 7. Since then, Caterham has built versions of the 7 without interruption, cementing Colin Chapman’s most influential design as a modern enthusiast classic. Now could it all be about to happen again? Autocar reports that

Caterham has revealed plans to launch an all-new model at the Autosport International show next month. The firm is providing few clues as to the identity of the new model, but has said the model will not be another variant of the Seven and will be the first all-new Caterham since the 21 from the 1990s.

What’s most fascinating about this is that Caterham’s “entirely new” car (which, by the standards of the firm probably means the design is less than 30 years old) is coming out just as Lotus is once again moving up the sportscar ladder to roll out ever larger and more mainstream models. With the next Lotus Elise set to gain a considerable amount of weight (reportedly some 400 lbs), the Lotus faithful are doubtless hoping that Caterham snags the rights to Lotus’s mid-engined, latter-day Seven, and builds it for another 30 years. Of course, if that happens I’ll want my cut of the proceeds… not to mention a crazed R500 version. On the other hand, for all we know, Caterham is actually planning on building an SUV or four-door coupe, or some other nonsense.

By on December 13, 2010


We know there’s more than a little overlap between TTAC and Jalopnik, the Gawker Media empire’s car blog, so we’d like to remind our readers who do have a commenting account at Jalopnik to change their password (since Gawker was apparently too “in shock” to warn users earlier). Gawker Media was attacked by a group of hackers known as Gnosis, and at least 200,000 Gawker user accounts have been hacked, exposing commenters’ login information and allowing some Twitter accounts to be taken over and used to send spam messages. The attack on Gawker was reportedly a response to the blog pioneer’s “outright arrogance,” and some have speculated that it was related to Gawkers antagonism of the famed hacker hangout 4chan; we reckon that Lotus was somehow behind it. To find out if your account has been compromised, surf over to Gawkercheck.com, or simply change your password at Jalopnik or any other Gawker Media site. Or, you could just delete your account and become a regular here at TTAC instead. Just saying…

By on December 13, 2010

The appropriately-named website Familycarreview.com recently got some seat time in the forthcoming 2011 Nissan Quest, and they’ve found an unusual feature for a family-oriented minivan: an “Adult Entertainment” category in its navigation system. Wildly inappropriate for a family-oriented minivan, or the key to to putting some real swagger in Nissan’s wagon? We report, you decide… [Hat Tip: our strip club-loving pals at AutoSpies]

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