We’ve been told again and again that pooled parts purchasing produces profits. Baloney, Opel interim-chief Thomas Sedran will say in an interview that Germany’s Tagesspiegel will publish tomorrow. He says something GM customers have known for a while: Parts from GM’s bin often are too expensive, and by sourcing them elsewhere, one can save a lot of money. “We are talking a significant order of magnitude,” Sedran will say tomorrow. Read More >

Volkswagen workers who make the Passat at the Emden factory in Germany are enjoying a mini-vacation. After the national holiday last Wednesday, which celebrated the fall of the wall and the re-unification, Volkswagen workers can celebrate falling sales of the Passat, and stay at home, says Germany’s Handelsblatt. Meanwhile, managers at Volkswagen are busy down–revising their production plans.
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They called it the “Ferrari of the East”: The Melkus RS 1000 was East Germany’s only sports car, “powered” by a mid-mounted Wartburg 3-cylinder 2-stroke engine. Most cars had 1 liter engine, a few were 1.2 liter mills. Fitted with gullwing doors, it looked fast. 101 cars were made between 1969 and 1979 in the Dresden factory, to buy one, you had to race it.  In 2009, Sepp Melkus, grand child of founder Heinz Melkus, resurrected the company and started building the Melkus RS 2000.  No more, the company is bankrupt. Read More >

The seventh generation of Volkswagen’s venerable and best-selling hatch, the Golf, has barely been launched in Europe, and Volkswagen is already looking into producing it abroad. Volkswagen aims at two regions that usually prefer cars with trunks: China and America. Read More >

Are you a short seller who is on the hunt for companies that are worse off than European carmakers?  Look for parts makers that are also in the contract manufacturing business. OEMs may lose sales, but contract manufacturers lose whole contracts when manufacture is brought in-house by OEMs. Magna is likely to lose the contract with BMW to build the next generation of Mini cars, says Reuters. Read More >

For most of the year, the German new car market could defy Europe’s eye-popping g-forces. No more. Germany is now officially going down with the rest of them. With 250,082 units sold in September, German new car sales dropped 10.9 percent as compared to September last year. Read More >

If the thought of a four-cylinder BMW gives you the creeps, then this will cause chronic dermatitis:  BMW is thinking of putting three-cylinder engines into vehicles sold in the United States. Read More >

TTAC readers who followed our past reporting on the developing relationship between Daimler and the Renault/Nissan Alliance will not be surprised in hearing what Carlos Ghosn and Dieter Zetsche told the press today. If you think you’ve heard it all before, you are right. You did here. Read More >

GM’s Susan Docherty, who is in charge of Chevrolet Europe, is shocked by  GM alliance partner PSA Peugeot Citroen. PSA, along with Fiat, are producing “very scary numbers” with discounts of as much as 30 percent off gross sale prices, Docherty told Bloomberg. Opel’s numbers can be even scarier. Read More >

So far, German car companies Volkswagen and Daimler had been unaffected by the severe downdraft in Europe and brought in record profits. Now, the Teflon seems to be flaking off. Read More >

Nordschleife-enthusiasts, head for your lists. Still a year away from its official launch, the Porsche 918 Spyder rounded the Nürburgring Nordschleife in 07:14 minutes. Not bad for a plug-in hybrid. The timing however, could have been a bit more high-tech. Read More >

From now on, Porsche should have even more good PR than PReviously.  Today, TTAC was reached by two press releases, celebrating the momentous occasion of the partial production of the Boxster model at Volkswagen Osnabrück. One release came from Porsche. The other, you guessed it, came from Volkswagen. Read More >

A court in Braunschweig, Germany, dismissed two investor lawsuits against Porsche SE, “sending a discouraging signal to claimants still seeking just over 4 billion euros ($5.2 billion) in damages in Germany,” as Reuters says. Read More >

Volkswagen announced global Group sales for August, and they are a whopping 18.9 percent over August 2011. For the first eight months of the year, Volkswagen Group deliveries are 10.2 percent ahead of what VW delivered in the same period last year. With all the bad news from Europe, how can a European car company deliver such good numbers, you ask? Read More >

GM is not the only U.S. automaker that wants to close a plant in Europe, and Ford is thinking about more than the end of the road for Alan Mulally. German press, from the industry magazine Automobil Produktion to the German edition of the Wall Street Journal are talking about Ford shuttering its plant in Genk, Belgium. Read More >