Posts By: TTAC Staff

By on October 17, 2013

eurosales

In a sign that the European automobile market may finally be recovering, new car registrations in September were up 5.5% from the year before. Sales in the UK and an extra sales day in the month were factors but industry analysts say that things have finally bottomed out in Europe. Year to date sales were still down, -4% to 9.34 million cars, still on track to be the worst year in two decades.

After the longest European recession since the adoption of the euro currency ended with GDP growth in the second quarter of this year, demand has increased but when car sales were down in August, there was concern. With September sales up, industry watchers now think the August decline was just a blip. (Read More…)

By on October 17, 2013

fimuaw

The UAW has enlisted the help of the German IG Metall labor union in its effort to organize Volkswagen’s U.S. operations. Now Fiat has apparently gotten the union that represents its Italian workers, Fim Cisl, to reach out to UAW officials in an effort to resolve the issue of just how much Fiat is going to pay the UAW’s retiree health benefits trust for the 41.5% of Chrysler the VEBA owns. Fiat and Chrysler CEO Sergio Marchionne wants to merge the two companies and that can’t be done without buying that stock. Fiat and the VEBA sides are more than a billion dollars apart. (Read More…)

By on October 17, 2013

cngimpala

Looking to take advantage of the natural gas boom currently occurring in America, Chevrolet will market a bi-fuel version of its Impala sedan starting next year.

(Read More…)

By on October 16, 2013

vebafiatchrysler

Fiat will have almost a year to negotiate a price for the 41.5% of Chrysler that is owned by the UAW employee health benefits trust. That’s because the Delaware Court of Chancery set a date in September of 2014 for the lawsuit Fiat has filed against the trust, known as VEBA, to determine the sale price.

(Read More…)

By on October 16, 2013

IMG_4625-450x337

Jeep Cherokee units keep piling up at the Toledo, Ohio factory, as Chrysler attempts to iron out production issues, but according to Yahoo Autos, none have been delivered yet.

(Read More…)

By on October 15, 2013

Tesla_Supercharging_in_Gilroy

Tis better to own a Leaf or an S than to rent one, it seems. According to Enterprise Holdings Inc., known for driving around in cars wrapped in branded brown paper for some reason, customers who rent electric-only vehicles from their lot soon return their sustainable rides for a one with a sustainable range based on the number of (gasoline and diesel) fuel stops along the way.

(Read More…)

By on October 15, 2013

bmw-i3-production-starts-in-leipzig-photo-gallery_1

With demand for its i3 EV surpassing BMW’s expectations, the company’s chief financial officer, Friedrich Eichiner, told Bloomberg that the company is considering increasing production of the electric car. Though retail deliveries will not start until next month, over 8,000 orders have been booked so far. Originally, BMW hoped to sell about 10,000 i3s in 2014, but if demand stays high, the company “will adjust capacity according to demand,” Eichiner said at an Amsterdam press conference yesterday. “If demand holds, which is what it’s looking like, we will soon have to invest more.” (Read More…)

By on October 15, 2013

assurance

The head of Hyundai Motor Company’s U.S. sales unit, John Krafcik told the Bloomberg news agency that the continued partial shutdown of the United States government is affecting consumer confidence and may result in as much as a 10% drop in October sales. Krafcik said that the political impasse in Washington is creating “anxiety” for many people.

(Read More…)

By on October 15, 2013

gm-psa-ceos

Reuters is reporting that the reason behind PSA/Peugeot Citroen’s financial tie-up with China’s Dongfeng Motors was the decision of General Motors, which owns 7% of the French automaker, to scale back cooperation with Peugeot. GM also apparently rejected a PSA/Opel merger backed by the French government.

(Read More…)

By on October 15, 2013

cartogram_EU-PVregistrations2010

After months of intense lobbying, Germany has convinced European Union environmental ministers to keep 2020 new car carbon dioxide emissions standards at 130 grams per kilometer instead of the proposed, stricter 95g/km standard. The German government argued that the tighter regulations would cost jobs and hurt German automakers. BMW and Mercedes-Benz produce larger and heavier cars than other European car companies like Fiat and Renault and they would have a more difficult experience trying to meet the new CO2 standards.

(Read More…)

By on October 14, 2013

dongfengpsa

Reuters has reported that Chinese automaker Dongfeng and the French government will be taking equity stakes in PSA/Peugeot-Citroen after injecting $4.1 billion into PSA.  Under the draft agreement, which is still being negotiated, Dongfeng Motor and the French government will each put 1.5 billion euros into the French automaker, with each of those parties getting a 20 to 30 percent share in the company.

(Read More…)

By on October 14, 2013

2014 Infinti Q50

Though Nissan has been selling cars with the Infiniti brand in North America for over two decades, you haven’t been able to buy an Infiniti in Japan. That’a about to change as Nissan will start selling the Infiniti brand at Nissan dealerships in their home market, according to a Nikkei report.

(Read More…)

By on October 11, 2013

atvm-550x472

The United States Department of Energy will today auction off Fisker Automotive’s loan from the federal government, on which the moribund hybrid car startup defaulted. Last month the department said that it would hold the auction after “exhausting any realistic possibility” that it could recoup all of the $168 million still that Fisker still owes.

(Read More…)

By on October 11, 2013

Noriko-Uno-car-after-crash (1)

A Califonia jury ruled that Toyota Motor Corp was not at fault in a 2009 accident in which 66 year old Noriko Uno was killed when her 2006 Camry ran into a tree after being hit by another car. Uno’s survivors blamed the accident and her death on unintended acceleration and Toyota’s failure to incorporate a brake-override system in Uno’s car. This was the first wrongful death lawsuit over accusations that Toyota products could uncontrollably accelerate. The jury found that Uno’s Camry was not defective, instead placing full liability for her death on the driver of the car that hit Uno before she sped the wrong way down a one-way street and into the tree. Uno’s survivors were awarded $10 million.

(Read More…)

By on October 10, 2013

800px-1948_Land_Rover_80_Tickford_Estate_Heritage_Motor_Centre,_Gaydon

After 67 years in production, and more than two million produced, many of which are still in severe use, late in 2015 the last Land Rover Defender will roll off the assembly line at Jaguar Land Rover’s Solihull plant. JLR says that the Defender’s demise is because it won’t meet new fuel emissions rules in the EU and cannot be adapted to do so. A replacement model is planned, to be launched in 2016. Land Rover has previously teased the DC100 concept as a possible Defender replacement. John Edwards, who is in charge of product at JLR, said that the Defender’s replacement will be “instantly recognized” by fans of the current Defender, but that it “won’t necessarily be cheap”.

It hasn’t always been called the Defender.

(Read More…)

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