Money-wise, the United States is in a bit of a tough spot. Must create revenue wherever it can. From red light cameras to shaking down foreign companies. On Tuesday, Germany’s Daimler AG was charged with violating U.S. bribery laws “by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals,” as Reuters has it. After asking “how much will it take for this to go away?” Daimler plans to pay $185m to settle charges by the U.S. Justice Department and Securities and Exchange Commission. Read More >
Category: Germany
Germany’s Economy Minister Rainer Brüderle poured cold water on hopes for a quick decision on state aid for GM’s ailing Opel. GM expects $2.5b in state aid to come from European countries, most of it from Germany. But Germany, represented by Reiner Brüderle, is dragging its heels. Read More >
As the avid reader of our cop car chronology and our on-going coverage of crime-buster conveyances knows, that market of 75,000 units a year in the U.S.A. alone is in a bit of a turmoil. The Crown Vic, holder of approximately 70 percent of the fuzz market, is about to be retired. Ford, GM, and Chrysler want to get a bite out of that crime-driven market. Not to forget a little known company, curiously and politically incorrectly named “Carbon Motors.” Since our own Sajeev Mehta directed our attention towards Carbon, it got a little quiet around the formerly Atlanta, now Connersville, Ind. based upstart that wants to build dedicated police-mobiles. Until today. Read More >
Even in the darkest days of double nickel, the U.S. of A. had been Porsche’s largest market. In Zuffenhausen, they had tried to get to the bottom of a phenomenon that defied German logic: Why buy a Porsche if you can only crawl along at 55 mph? Ever so thankful for the unexpected sales, Porsche abandoned the search for the unknown.
Now, Porsche is looking eastwards for growth. Read More >
The NYTimes reports that Norbert Reithofer, CEO of BMW AG, is thinking the unthinkable. Dr Reithofer said at a shareholders’ meeting in Munich: “We are exploring the possibility of developing a joint architecture for the front and four-wheel drive systems of these cars,” WHAT?! An FWD BMW? An act against nature. Say it isn’t so! He didn’t. Read More >
Mercedes-Benz continues its long march forward in China. In February, “Benz” (as the locals call the brand here) racked in a 160 percent growth. 7,200 additional Benzes graced China’s roads by end of February.
With more than 15,300 units sold in the first two months of the year, up 155 percent, Mercedes-Benz calls itself the fastest-growing luxury brand in China, Gasgoo reports.
Imports of the S-Class grew by 115 percent in February, cementing China as the world’s biggest S-Class market. The new generation S-Class is extremely popular amongst China’s well-to-do. Read More >
It’s been said many a time that the problem with hydrogen as an energy storage system for cars is that it is always the future and never the present of transportation. Indeed, hydrogen has nearly fallen of the alt-fuel radar in recent years, as present-techs like hybrid and even electric drive have matured. But the dream is not dead. The great hydrogen hope now lives with General Motors, in the form of a new, lighter-weight fuel cell which GM says will be production-ready by 2015. The new cell is 225 lbs lighter and uses one-third less platinum than the systems being tested in GM’s 30-month “Project Driveway” Equinox fuel-cell vehicles (FCVs). That leaves more platinum for trimming Escalades, and has GM thinking that real-life series production of FCVs could be possible. GM’s Charles Freese tells Automotive News [sub]:
Our learning from Project Driveway has been tremendous. The 30 months we committed to the demonstration are winding down. But we will keep upgrades of these vehicles running and will continue learning from them while we focus efforts on the production-intent program for 2015. We will continue to use the Project Driveway fleet strategically to advance fuel cell technology, hydrogen infrastructure and GM’s vehicle electrification goals
Volkswagen and Porsche will set up a research and development center in Qatar, reports Arabian Business. Yes, you did read right, Qatar. Qatar Holding has signed a memorandum of understanding with Qatar Science & Technology Park (QSTP), Volkswagen and Porsche. According to the MOU, research and development, testing and training facilities will be built in Doha. “Other avenues of cooperation” may also be visited. Read More >
Time to break out the (tasteful) shibari pictures. “Nissan would seriously consider joining a comprehensive tie-up between Renault S.A. and Daimler AG if the alliance they are discussing happens,” says The Nikkei [sub]. With Renault and Nissan tied-up both at the hips and on top, such a move would make more than just sense. Read More >
Again, Renault and Daimler are reported to having a serious tête–à-tête that could lead to a formal marriage. According to the Financial Times, “Daimler and Renault are discussing acquiring mutual equity stakes as part of a possible alliance that would go beyond their current talks on small cars.” Their source? “Two people briefed on the matter.”
Stakes to be bought or swapped were likely to be smaller than 10 per cent. Read More >
European new car sales have fallen back to crisis levels. With many of the incentive programs withdrawn or phasing out, it’s back to reality. Reality is quite rough. Basically, Europe is back where it was in the carmageddon days of early 2009. The few bright spots are caused by on-going life support measures. Without government generosity, the European market place would be a wasteland.
New passenger car registrations in the EU increased by a mere 3 percent in February. Compared to the pre-crisis levels of February 2008, new car registrations decreased by 16 percent, reports the European Automobile Manufacturers Association ACEA. Read More >
Over the daily Toyota runaway stories, it’s easy to forget the plight of GM and its children abroad. If you think that’s the idea, then you are a miserable conspiracy theorist, and you should stand in the corner. With that in mind, let’s check in with GM and its worldwide siblings to see how they are doing. Read More >
Volkswagen and its freshly hitched 20 percent bride Suzuki will have a sit-down next week to “flesh out their joint projects by welding together a number of ideas,” reports The Nikkei [sub] from an earnings briefing in Wolfsburg.
The Nikkei guesses that Volkswagen will provide hybrid and electric-vehicle technologies to Suzuki. In turn they are interested in know-how on manufacturing subcompacts at low cost. As far as distribution goes, the two will most likely compare notes on China, where VW is strong, and on India, where Suzuki rules the roost. Read More >
BMW and Daimler don’t really like each other. As Herr Baron Schmitt put it, “Daimler engineers view their colleagues as boorish Bavarian upstarts. BMW engineers think Daimler is a congregation of has-beens”. Bluntly speaking, there’s no love lost between them. Which makes the following news that much sweeter to the “Bavarian upstarts”. And which makes the has-beens gnash their teeth. Read More >
Financial Times calls “Volkswagen a long-time sceptic about hybrid and electric cars.” However, the pink sheet announces that Wolfsburg “has officially shifted gears.” That VW had been a sceptic is an understatement. Despite green initiatives for public and political consumption, internally, they laughed about hybrids and electrics. Their private position was that the consumption and emissions of a hybrid could be achieved with their low displacement supercharged engines and some weight savings. Pure plugins? Ach du mein Lieber. People have their next vacation in mind when they buy a car, and last VW looked, there were no charging stations on the Brenner Pass to Italy.
The official gear shifting occurred at last week’s Geneva motor show, where Volkswagen announced an “unprecedented” drive into electric vehicles. Read More >











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