Autoexpress claims that Mazda is working on a downsized MX-5 Miata roadster, fanning the flames of enthusiast optimism the world over. AE estimates that the mini drop-top could come with engines of 700cc to 1.6 liters, with a 160 hp turbo 1.6 four-pot topping the range. “Insider” sources say a 2012 launch is being discussed, and that a concept should appear on the car show circuit shortly. Though the engine displacements seem to indicate that the baby Miata isn’t likely to come stateside, hope springs eternal when it comes to these things, no?
You know this one is going to be good. Auto Motor und Sport says the two giants are having a little klatsch about platform and technology sharing, with typically crazy rumors flying out of the discussion. Mercedes hasn’t planned its next-generation A- and B-classes yet, and Toyota is looking to rationalize its European production capacity. Could the Merc A/B end up sharing parts, platform or even production with future Toyota models? It sure looks like the possibility is on the table. But that’s not the weirdest rumor. There’s even talk of sharing costs between future generations of the Mercedes S-Class and Lexus LS. Plus Toyota is reportedly interested in Mercedes’ battery technology. Or is that Tesla‘s? As tempting as it is to simply dismiss this all out of hand as just another wild-ass rumor, the Aston Cygnet proves that Toyota is more willing to enter into ridiculous deals than you might imagine.
Bloomberg is reporting that GM CEO Fritz Henderson will meet with Toyota President Akio Toyoda this August, and that a GM rebadge of the Prius could be on the agenda. “Two people familiar with the plan” confirm the Prius angle, and with the death of the Pontiac Vibe, GM certainly has to figure out what it will do with its NUMMI capacity which it shares with Toyota. “Having a stronger line-up is an urgent matter for GM,” says Yoshihiro Okumura of Chiba-gin Asset Management Co. “Demand will continue to shift to small cars.” But neither automaker will even confirm that plans for an executive meeting of the minds is on the table. Moreover, as Jim Hall of 2953 Analytics points out, “Toyota is not normally in the practice of giving away the crown jewels.” On the other hand, GM has recently canceled its only hybrid car, the Malibu Hybrid, and the sale of Saturn to Penske will further cut into its hybrid offerings.
UPDATE: Our Frank Williams points out a GM press release that just hit the wires which says “As part of its long-term viability plan, General Motors has decided that its ownership stake in the New United Motor Manufacturing Incorporated (NUMMI) joint venture with Toyota will not be a part of the ‘New GM.’” The plot thickens.
Er, bought. According to the Freep, the Michigan Economic Growth Authority put together the $779 million tax credit package which secured Orion Assembly’s future as the home of the Chevy Aveo’s replacement. A 25-year, 100 percent tax abatement from the municipality of Orion Township (worth some $100 million) didn’t hurt either. Nor did Oakland County’s $136.5 million in retraining money. GM will drop $600-$800 million retooling the plant, “saving” some 1,200 jobs at Orion and another 200 at nearby Pontiac Stamping. But this decision wasn’t a simple dollars-and-cents deal, according to the the parties involved. Oh, no.
The FIat 500 may be the only Fiat-branded vehicle to be sold in the new Fiatsler empire, but according to Automotive News [sub] the model will be offered in four, possibly five body styles. “Hatchback, convertible, station wagon and sporty hatchback,” models will roll out of Chrysler’s Toluca, Mexico, plant starting in 2011. Or not? AN suggests that a US production site for the 500 could under consideration, despite persistent hecho en Mexico rumors. And that “sporty hatchback”? It’s the Abarth! Will Americans only be offered the 135 hp Abarth, or is the 180 hp Abarth SS on the docket as well? No word from Turin (er, Auburn Hills?) yet. Oh, and how small is the 500 again? “About 10 inches shorter than Toyota’s Yaris hatchback?” That’s small.
[TTAC reviews the 500 here, TTAC lists Google Translate(d) foreign reviews of Fiat products here.]
Aston Martin is thinking small. In what has to be the ne plus ultra in brand dilution, they will offer the “Cygnet” in 2010. And what, you ask, is a Cygnet? It’s a rebadged Toyota iQ. No, I really didn’t make that up. According to Bloomberg, James Bond’s favorite autobuilder will sell a “luxury commuter” based on Toyota’s three-seater one-liter city car. It’ll be built in Japan and sell (somewhere) for a yet-undisclosed price. Let’s just hope the Cygnet doesn’t mark Aston Martin Lagonda Ltd.’s swan song.
Jaguar lost Tata $463 million during its first ten months as part of the Indian firm, reports Automotive News [sub]. That loss stings twice as bad considering it makes up the bulk of Tata Motors’ $520 million consolidated loss in the fiscal year ending March 31. “There has already been 2,000 job losses. We may be looking at more job losses, more plant shutdowns,” says Tata VP Ravi Khant. Will that kill the crazy Extended-Range EV plans for the forthcoming XE? Tata recently refinanced $3 billion in debt, according to AN, but with a hybrid LRX reportedly approved as well, Tata’s staring at some hefty development costs. Best of luck to ’em.
Rumors of a sub-Boxster Porsche roadster appear to be off again. “Another model line is not something we are concentrating on at the moment . . . my gut feeling is that we do not need one,” Porsche S&M boss Klaus Berning tells the Telegraph (via MotorAuthority). Rumors had centered around VW’s Bluesport roadster concept, which is likely to go into production as both VW and Audi-branded sports cars. That could have spelled a brutal brand dilution for Porsche, but independent development isn’t exactly a great option either, considering Porsche’s tenuous financial status. Weirdly, Berning does admit that it “could be possible to have a four-cylinder again in a 911 but it would be a Porsche four-cylinder. The 911 is the core of the brand and it follows different rules to the rest of the brand models.”
TTAC frontrunner Michigan has won the Chevy Viva sweepstakes and will be hosting production of the Aveo replacement, reports the Freep. The new compact will be based on Chevrolet’s Spark world car, and produced at the Orion Township plant near Pontiac. Orion currently produces Malibu and G6 sedans. The plan reportedly saves 1,200 jobs at the Orion plant which had been marked for death. Sorry, Wisconsin and Tennessee!
According to the Freep, Fiat’s Sergio Marchionne is planning on running its Alfa Romeo right at the heart of the established import luxury market. With an LX-platform 169 sedan (still an acknowledged maybe) and a “GTX” version of the 2011 Jeep Grand Cherokee. This is in line with Global Insight‘s breakdown of the Chrysler/Dodge/Jeep/Fiat/Alfa-Romeo empire. Got brands?
Hydrogen-fueled propulsion has been the Next Big Thing since the 1970s. Recently, it has also been assigned to the past, at least by US Energy Secretary Steven Chu, who said, “We’re going to be moving away from hydrogen-fuel cells for vehicles.” Thus, hydrogen propulsion seems to be one of those things that are everywhere in the time-space continuum except in the present. Some hydrofans are refusing to give up, though. VW’s evil genius boss of bosses, Ferdinand Piëch, has a nephew, Sebastian Piëch, who is a grandson of Ferdinand Porsche. Seb seems to be a smart, rich guy who speaks four languages, has an engineering and marketing background and lives in Shanghai and Tokyo. He’s a big name among big names at Riversimple, an alternative-car company which recently presented its first car in London. If Piëch had a monkey-man slogan, it’d be “ideas, ideas, ideas.”
The saga of Chrysler’s Sebring/Avenger replacement has been the proverbial long and winding road. After losing its project chief and “contemplating” stuffing the whole development thing for an Altima rebadge, Chrysler’s “Project D” is finally starting to get some traction. Only it isn’t. Automotive News [sub] reports that Chrysler’s “something better than the world’s worst car for the mid-size segment” (as Farago put it) is going to look like the 200C concept. As and when, of course. But what about the actual car bits?
The PT Cruiser tooling in Toluca, Mexico couldn’t be pawned off to an unsuspecting Chinese firm, so they’ll just keep selling the things to unsuspecting Americans (or die trying), reports Inside Line. Originally set to be axed or updated in 2004, the PT Cruiser (hated by many, loved by at least one) will live on until the summer of 2011 when production at Toluca will switch to the Fiat 500 and a Fiat Panda-based Jeep product. That means the PT will have been produced for 11 years by the time it finally, mercifully dies.
That’s the early word on V-Vehicle Company, which will occupy the former Guide Corp. plant in Monroe, LA. In addition to Silicon Valley VC firm Kleiner Perkins Caufield & Byers, Automotive News [sub] reports that Texas natural gas baron T. Boone Pickens is also providing financial backing to the new company which “will produce a high-quality, environmentally friendly and fuel-efficient car for the U.S. market,” according to a statement. “The goal of the company is to provide the American buyer greater product value and a superior automotive experience.”
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