Bad news on the subprime front, as credit rating agency Experian reports a rise in delinquencies and repossessions for auto loans in Q1 2013.
Melinda Zabritski offered a rather dubious explanation for the nearly 17 percent rise in repos (as well as the 1.3 percent uptick in 30 day delinquencies and 12.4 percent rise in 60-day delinquencies) Read More >
Beleaguered EV start-up Better Place faced yet another blow this week, as Nissan CEO Carlos Ghosn declared that rapid-charging, not swappable batteries, will be the predominant charging technology for EVs.
Cadillac may be gunning too hard for Germany’s domain of rear-drive sports sedans, but one area where The Standard of the World won’t be gunning for them is in the volume race. GM CFO Dan Ammann told Automotive News that unlike BMW, Mercedes-Benz and Audi, “We’re not going to be in every single segment that they’re in”.
Carmaking is a cyclical business. In crisis times, it’s “we are all in this together.” When business improves, relations between automakers and their suppliers revert to the old arrogance, to hurry up, make more for less. It’s that time again. Read More >
Following in the footsteps of Spanish bank Santander, GM Financial announced that it would enter the prime lending market in 2014.
Weaker than expected growth in the United States has led Carlos Ghosn to issue an even more ambitious goal; double Nissan’s sales by 2017.
Despite sales of the Fiat 500 picking up, Fiat dealers are getting antsy for new product, with some showrooms struggling to turn a profit based on sales of the subcompact alone.
A little light reading for the weekend? Someone went and scanned a German language version of the all-new Mercedes-Benz S-Class brochure. Bertel’s preoccupied at Nissan right now, so other folks with knowledge of German will have to help with the translation.
“Self-driving sounds like it’s going to do something you don’t want it to do. Autopilot is a good thing to have in planes, and we should have it in cars.”
According to Elon Musk, what we have here is… failure to market effectively.
Bosch has introduced a home charging point for EVs that costs half as much as current competitors, which will no doubt be welcome news for current and prospective EV buyers.
More than any other country, Canadian-built vehicles seem to have an inordinate amount of foreign parts content, according to a study done by Scotiabank Economics.
Tesla Motors, Inc. released its first quarter financial results yesterday, which featured a number of milestones for the auto maker. Among them, Tesla’s revenue rose 83% from the last quarter to $562 million, a record high for the company.
Should it be legal to build Batmobiles? The final decision on that: no. Gotham Garage reportedly only built two of them before the hammer came down.
The Batmobile you see before you is an extraordinarily detailed replica, captured on pixels by a TTAC reader in Franklin, TN. But after reviewing pictures of the Gotham Garage Batmobiles, I’m not sure it’s one of them. Check the photos and tell me what you think. Read More >
While we wait on the latest round of registration data from Europe (April 2013), a look at January-March 2013 data paints a bleak picture for Alfa Romeo.
Another auto maker that took Department of Energy money has gone bust. Vehicle Production Group, a producer of special vans designed to meet the needs of the disabled, has suspended operations and is due to be sold, according to Automotive News.
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