A year ago, TTAC broke news of back channel overtures being made towards Iran on behalf of General Motors. A number of Chevrolet Camaro Convertibles made their way to Iran via a complicated logistics network and the importations were of dubious legality. But the event highlighted a sentiment in the auto industry that few are willing to openly discuss: the BRIC countries, once the darlings of the emerging markets, have already been exhausted. The search for new markets is on, and that means places like Africa and Iran. And Cuba could be next.
Category: Industry

Chinese Internet overlord Baidu is buying a major stake into everyone’s favorite transportation network company, Uber.

Remember when we thought $2.55 for a gallon of regular was going to make for a good Christmas? Turns out the new average is $2.47, the lowest average price reported in five years.
Also: That’s a photo shot by one of my relatives back in Louisville, Ky., where some stations are pumping gas for as low as $1.96/gallon.
Despite massive year-over-year improvements, the Kia Sedona continues to be a relatively low-volume player in America’s minivan segment. But are the gains made by the Kia significant enough to make life difficult for the top four?
Compared with November 2013, Sedona volume jumped 578% last month as a follow-up to October’s 251% gain. Through the first three-quarters of 2014, Kia USA had been selling fewer than 630 Sedonas per month. 2376 were sold in October; 3538 in November. The van’s market share through nine months was a paltry 1.3% as even the Mazda 5 and Nissan Quest were easily outselling the Kia. But in November 2014, the Kia Sedona grabbed 9.1% of America’s minivan market. Read More >

It’s been a while since the TTAC Zaibatsu checked in on the victim compensation fund created by General Motors and overseen by the office of attorney Kenneth Feinberg. How have things gone since the last time?
One hundred fatality and injury claims have been approved.

The Ford Mondeo Estate is in trouble with one Swedish automotive publication, thanks to how much it weighs.
With the Russian ruble experiencing a near collapse in value, multiple OEMs have decided to suspend sales of its vehicles in Russia.

With Cadillac getting its inner hipster on in SoHo, and Subaru trekking four miles west to conduct its American hustle in Camden, N.J., Mercedes-Benz USA is feeling the urge to heed the song of the South and go with the wind.

With the FCX Clarity now out of the picture, Honda is looking forward to the FCV’s replacement, a preview of which is set to bow at the 2015 Detroit Auto Show.
After increasing sales of the brand’s new Escape-related small crossover in five consecutive months, Lincoln MKC volume levelled off in November 2014 at 2152 units. This represents a 2% drop from the total achieved by the MKC in its best month, October, when 2197 were sold. America’s new vehicle market was 2% larger in November than it was during the prior month.
Have we therefore reached the MKC’s maximum monthly volume? Dealers have plenty of copies to sell: there was a 116-day supply at the beginning of November. 2150 sales per month would put the MKC in the same territory as the much larger and more costly Mercedes-Benz GL-Class, ahead of the smaller BMW X1 and also-ex-PAG Volvo XC60, but well back of class leaders like the Acura RDX, Audi Q5, Mercedes-Benz GLK, and BMW X3. This year, the latter four are generating 3610, 3443, 3013, and 2820 average monthly sales, respectively. Read More >

More teasers from Toyota, this time from its luxury brand, Lexus, which is bringing over a new F model to the party at the 2015 Detroit Auto Show.

Aside from rebuilding itself in North America, Alfa Romeo is set to introduce a new family of high-performance engines into the lineup, the first of which will come in the next six months.
The next 25 years of automotive powertrain technology belongs to the internal combustion engine, according to oil & gas giant ExxonMobil. While many will dismiss this as the wishful thinking of an industrial dinosaur, it’s worth remembering that 25 years isn’t that long of a timeframe in the automotive world.

The National Highway Traffic Safety Administration is ready to force Takata and three of its clients into a nationwide recall over the catastrophic failure of the supplier’s airbags.




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