Fiat Chrysler Automobiles won’t comment on a report claiming Hyundai Motor Group plans to launch a bid for the automaker, but that’s what sources with knowledge of the matter tell the Asia Times.
The sources claim HMG CEO Chung Mong-koo is biding his time, waiting for FCA’s stock to fall before moving forward on the potential takeover. Reportedly, Hyundai could launch the bid within months. Read More >
Automakers are not thrilled with the White House’s current interest in automotive tariffs. With factories scattered across the globe, no major manufacturer would go untouched by the proposed increases in import duties or the retaliatory tariffs foreign governments may issue in response.
There’s a lot to lose from a financial perspective. According to a recent analysis from Evercore ISI, Fiat Chrysler would take an annual hit of $866 million if the United States placed a 25-percent import tariff on cars. Considering that other automakers stand to lose at least that much, it’s unsurprising they’ve begun raising their corporate voices over the matter.
Granted, the FCA example is a worst-case scenario for that particular brand, but even a lesser tariff would see a profit loss of hundreds of millions. For an automaker like Mazda, the loss would be far worse. Read More >
Welcome back to Buick Death Watch! It’s been a long time; we shouldn’t have left you without a strong tale of sales woe to complain about. And just like the Jesus of the New Testament, we’re going to start our tale with a parable.
Once there was a young woman from a faraway land in the south, and she wanted to buy her very first car. She drove cars from lands far and wide, including the Orient and the Land of Cortez. When she drove the Tiny Crossover of Three Shields, she found it to be the best of them all, for it was cloaked in leather and CarPlay, and its motor held the charge of turbines within its soul.
But the moneychangers in the Temple of Finance were not pure of heart. They offered her many baubles, and some of them were tricks of the devil himself — rebates for students of the Word of False Prophets, owners of cars from other lands, and more. The young woman did not qualify for any of these, but the moneychangers were devious, and they promised them to her anyway. And, lo, they delivered, giving her a total of $6,250 in rebates, but only if she would sign the parchment by the second day of the fourth moon. Thus, the woman drove away in the crossover, relinquishing nothing but $200 a month for the next three harvests.
Click the jump and I’ll tell you why all of this means Buick is hosed.
It happened again. A neighbor, a casual acquaintance at best, messaged me on Facebook, asking for a used car recommendation. As usual, I suspect they were trying to get me to literally point them to a specific car for sale, but I’ve been roped into enough third-party late-night Craigslist-and-Cars.com binges to bite this time.
“Just buy the best Camry you can afford,” was my reply. I’ve given the same advice before to plenty of other non-enthusiasts, those for whom a car is merely an appliance. While I can easily rattle dozens of interesting choices to someone properly invested in driving enjoyment, I’d rather avoid the repercussions of recommending a 10-year-old M3 to a suburban mom who wants nothing more than a hassle-free commute.
Toyota pulled the cover off of the newest Camry in Detroit last year, and the rakish new styling has been flooding the streets ever since. Tim tested the four-cylinder model a few weeks back, but he wished for a bit more power. Fortunately, the gods of horsepower and displacement smiled upon me, and delivered upon my driveway this 2018 Toyota Camry XLE with the big V6.
Does the redesign tick the default box for enthusiasts, too?
TTAC Commentator Land Ark writes:
Hi Sajeev, it’s me again. I am nearing my wit’s end.
My Impala has been out of commission for several months now and as I’ve been telling my friends, the Land Ark and I are not currently speaking to each other. What got us to this stage of our relationship is my seemingly brilliant idea of upgrading my fuel system. I had been concerned about the E10 used in gas stations currently and fearful that we’d soon be provided E15 that would likely start accelerating the degradation of my fuel lines and carburetor bits. I’d purchased a replacement gas tank and sender a few years ago and I found a guy who I thought I could trust to replace my tank and all my fuel lines. I put in everything that could potentially survive E85. I was willing to pay for quality and I did. Everything was replaced but the carb. Read More >
This isn’t the first time we’ve presented a utility-minded multipurpose hatchback in the Rare Rides series. Rather, it’s very nearly the culmination of the major players in the segment. In addition to today’s ride, we’ve had the Colt Vista, and Nissan’s Prairie (now owned by an enthusiast collector), as well as a pristine and pricey Tercel 4WD Wagon.
After today, we’re missing just two: an Eagle Summit/Mitsubishi Expo, and the last-of-breed Nissan Axxess. Onward, to Wagovan.
Here we may reign secure, and in my choyce
To reign is worth ambition though in Hell:
Better to reign in Hell, then serve in Heav’n.
It’s a question that comes up a lot more often than one would think, particularly in the lifelong molasses-sludge known as “middle-class American existence”: When purchasing a new (insert name of new thing here), should you get a fully-equipped or high-end item from an “everyday” brand, or should you stretch to the stripped-out base model of the prestige brand? I have a lot of admiration for the fellow who buys a Grand Seiko Spring Drive for the price of a plain-Jane Panerai or Rolex Submariner — but on the other hand, I think a plain wool suit from a Savile Row tailor is probably more desirable than the pimped Zegna Trofeo coats that have accompanied me around the world for the past 15 years.
The fashion comparisons are fun (for me, at least) but the majority of buyers are most likely to face this problem when car shopping. Loaded Camry or base Lexus ES? Yukon Denali or no-options Range Rover Sport? Nismo 350Z or Corvette Z51 1LT? Then, of course you have my pal Chuck, who after years of trawling Porsche’s bargain basement wants to try… something that isn’t much better, IMO.
In last week’s Crapwagon Garage QOTD, we combined truck and station wagon to create an SUV, picking five winners. In part VII of the series, we’ll combine truck and station wagon a bit differently and end up with a van.
That’s right, it’s time for some #vanlife (ugh). Car-based minivans also apply, so we’re not limited to things like the sweet Safari GT above.
GM churned out examples of the full-size, two-door Blazer well into the ‘90s, before relegating the nameplate to its littler brother. Traditionalists frothed at the time, just as we are now after viewing the 2019 Blazer. And the circle continues.
For ’94, Chevy offered the Blazer in a couple of different flavors. You know my pick, of course – base 5.7-liter V8 engine, 4WD, and a big ol’ baseball bat of a manual shifter sticking out of the floor.
While it hasn’t been without reprieve, much of our automotive history has been occupied with manufacturers perpetually hunting for more power. The pursuit is a no-brainer. A motor releasing more energy than its rivals means a faster car and more bragging rights. Nowhere is this better epitomized than the muscle car era, where domestic automobiles morphed into ludicrously overpowered machines that we still look back upon with fondness.
The power wars continue into the present day. Dodge’s Challenger SRT Hellcat and Demon dragster are a prime examples, but Ford now hopes to rival the Hellcat with its Mustang Shelby GT500. Chevrolet made a valiant attempt with its Camaro ZL1. The quest for power spills over to everything from utility vehicles to hypercars, but there are other ways to go about building a swifter vehicle. You could always place it on an aggressive diet. Read More >
Last week, we discussed how the motorcycle industry’s total failure to entice new riders for over a decade has come back to bite it in the ass. Two-wheeled ownership declined drastically in the United States after the Great Recession and never really bounced back. Blame a disinterested population of youngsters with less discretionary funds and few entry-level options to consider.
I speculated that automakers could be on a similar path, despite the passenger car segment being more of a necessity for average commuters and less apt to collapse outright. But that isn’t to presume they might not be subject to similar pitfalls, and we’ve a new one to consider. Harley-Davidson, which serves as the poster child for the motorcycle industry’s current crisis, recently announced it will end all U.S. production of motorcycles sold in Europe.
Those bikes will now be manufactured overseas. The company said in a regulatory filing with the U.S. Securities and Exchange Commission that retaliatory tariffs levied by the European Union on motorcycles exported from the U.S. jumped from 6 percent to 31 percent. Harley-Davidson’s already expensive products come at an additional premium in Europe, and the the company estimates the new fines will add another $2,200 per motorcycle, on average. Read More >
We recently featured a little red Renault Fuego in this Rare Rides series. Though the sporty hatchback was successful in Europe, its fortunes were more bearish in North America. Renault intended to create a Fuego II with styling based on another sporty Renault offering, though money troubles at the company meant the project never came to fruition.
The car set to provide styling for the ill-fated Fuego II is right here — the Alpine GTA.
For those of you voyeurs who enjoy peering at perfectly curated photos of strangers’ lives, do me a favor and click over to Instagram and search the “Vanlife” hashtag. It’s a seemingly endless parade of young folk who have eschewed traditional housing for a thoroughly modified full-size van — typically a Mercedes-Benz Sprinter or Ram ProMaster, kitted with beds, kitchens, and storage for implements of extreme living such as mountain bikes or kayaks.
The thing you’ll notice about nearly all of these vanlifers: no kids. It’s hard to get the little ones to hockey practice when you’re living life to the extreme.
I live a very different kind of vanlife here in suburbia. While certainly there are times when I’m hauling an empty box behind me, more often than not I have two kids and their assorted crap to haul. Other times, my van doubles as a truck, with a few sheets of OSB or 10 bags of mulch. I’ve even hauled a spare Miata engine to a race track for a friend who’d popped one in an early race session.
For those of us who need to get back and forth to the office, rather than to or from a trailhead, a traditional minivan is nearly perfect. The only downside? Fuel economy isn’t great, as you’re pushing a big, heavy box through the air. Chrysler recognized this with the 2018 Chrysler Pacifica Hybrid, offering a good bit more efficiency in a familiar package. Does it make #DadVanLife more palatable?
The Trump administration is planning to impose incredibly restrictive investment limits against China. While the barriers could be argued as fair, considering China has some pretty serious restrictions of its own, the timing isn’t great. Treasury Secretary Steven Mnuchin pursued a less confrontational approach toward China after the nation showed some lenience in earlier promises to open its automotive and tech sectors through reduced tariffs, eventually eliminating state-mandated joint partnerships.
This move will no doubt make his job a lot more complicated.
It seems that the limits would restrict certain Chinese companies from investing in U.S. technology firms and block additional tech-related exports to Beijing. Among the industries most affect are robotics, aerospace, and automobiles — which have been labelled by the administration as a threat to economic and national security. Read More >
Chrysler started selling Dodge-badged Mitsubishis all the way back in 1970, then built plenty of Mitsubishi products in North America under the Diamond-Star Motors flag later on. The Mitsubishi GTO (sold as the Mitsubishi 3000GT and Dodge Stealth on this side of the Pacific) was built in Aichi Prefecture, Japan, and was one of the more interesting sports cars of the 1990s.
Here’s a 1995 Stealth R/T, photographed in a San Francisco Bay Area self-service wrecking yard. Read More >
Recent Comments