Not that the average American Lexus buyer could give a damn, but Toyota's luxury division has singularly failed to gain traction outside the U.S. market. Which is exactly the point: Americans are far less bothered by issues of provenance (i.e. or lack thereof) than any other developed automotive market. Business Week reports that the analysis applies to Lexus' home turf. "When Toyota (TM) introduced its Lexus brand in Japan three years ago, the company was hoping drivers like Masayoshi Haku would swoon over the luxury lineup. The 46-year-old doctor is a car lover with a $110,000 BMW 750 sedan and a $60,000 Porsche Boxster, so he should have been a prime customer for Lexus. But Haku hasn't taken the bait. Why? Lexus is too Japanese for his tastes… 'Foreign brands have more individuality.'" Sales reflect this non-import bias; Lexus sold just 34,800 cars in Japan last year. As Biz Week points out, Lexus did itself no favors with its initial lineup, featuring "the $52,000 GS sports sedan, the $68,000 SC convertible, and the entry-level IS sedan, starting at about $40,000. All three had previously been available in Japan under the Toyota nameplate— for about 20% less than the Lexus models." Oops. [thanks to stalightmica for the link]

MarketWatch reports that GM is going to business with Uzbekistan's state-owned automaker Uzavtosanoat (pronunciation anyone?). GM VP Eric Stevens said the new joint venture, General Motors Uzbekistan, would boost economic growth in the former Soviet state and provide GM with "a real opportunity" to grow in Central and Eastern Europe. The venture will utilize an existing Uzbek factory and will produce up to 250,000 Chevy Epicas, Captivas and Tacumas. Meanwhile, Human Rights Watch (no relation) reports that all kinds of awful things happen in Uzbekistan. Look for GM to trumpet this fact in forthcoming "corporate responsibility" press releases. !

Forbes reports that the latest showdown pits Porsche against the German state of Lower Saxony, which holds just over 20 percent of VW stock and is determined to maintain VW jobs in Germany. Porsche wants Volkswagen bylaws amended to remove remaining provisions from the "VW Law" which had protected the firm from takeover, but was struck down by a European High Court last year. The move is aimed at breaking Lower Saxony's de facto veto power, by abolishing the 80 percent threshold for important decisions and a 20 percent cap on voting rights. Meanwhile, Lower Saxony argues that the court decision only proscribes the combination of these two measures, and supports a new draft law which would maintain its veto power. Meanwhile, VW CEO Martin Winterkorn has accused Porsche of bringing labor (and by extension, Lower Saxony's) opposition upon itself, telling the Frankfurter Allgemeine Zeitung (via Reuters) that "Porsche scared employees unnecessarily at the beginning. To speak of 'sacred cows' — perhaps that wasn't very clever." How much more collegial can things get?

Land Rover has announced that its LRX concept "cute ute" will be available in showrooms sometime in 2010. Auto Express tells us (over the sounds of retching from the Berkowitz household) that the name "Freelander Sport" is likely to grace the road-oriented, strangely-styled ute. Why would a firm which built its rep for utter capability off-road bring out such a compromised interpretation of its brand vision? It's the ecology, stupid. We're told that both the 2.2-liter diesel and the 3.2-liter V6 will be equipped with stop-start technology as the brand struggles to prepare itself for new EU CO2 average emissions standards which go into effect in 2012. There's even talk of a hybrid powertrain down the road. So, think of this as Landie's answer to Ken Livingstone's crusade against "Chelsea Tractors." Actually, it's more of a "Chelsea Riding Mower."

Hyundai sales executive Young-Key Koo revealed to China Daily (via MotorAuthority) that the Korean carmaker will be spinning off a new luxury brand. The new nameplate caps Hyundai's steady upmarket climb, and could well compete with Acura, Infiniti and Lexus in the not-too-distant but not-anytime-soon future. The brand will be officially launched in 2010. New luxury models will hit China first. A sportscar and V8-powered "flagship sedan" are set to arrive in the Middle Kingdom next year, with a CUV to follow. News of a new name and logo has our hopes high for something hilariously generic, yet totally inappropriate. "The all new Smegma V8" sounds good to me, as does "The European-Inspired Ennui Roadster." So we put it to you, TTAC's Best and Brightest. What should Hyundai call its new luxury brand?

Japanese leaders have been making noises about the Yen's slide against the dollar recently, prompting Detroit to whine about "Japanese interference in the currency market." According to Dow Jones (via CNN Money), the Big 2.8 were spooked by Japanese finance minister Fukushiro Nukaga's statement that his government will "keep watching movements in foreign exchange rates from now on." Japanese currency manipulation has long been one of Motown's pet peeves. The issue is a red herring; the majority of import-branded vehicles sold in the U.S. are made right here in the good old USA. Still, the accusations of sinister foreign forces manipulating international finances in their favor provides politicians with a welcome opportunity to look like they're fighting the good fight for American jobs and businesses. "Please stand up for American companies and workers by warning Japan that the United States will not sit idly by while it interferes in currency markets," wrote Sen. Debbie Stabenow (D-MI) in a not-so-private letter to U.S. Treasury Secretary Henry Paulson. Hey, election campaigns don't fund themselves.

Der Spiegel reports that Aston Martin Boss Ulrich Bez met with Daimler's Dr Z last week, and both came away talking relationship. The two met to discuss the possibility of Aston purchasing engines and platforms from the German giant. Bez is just looking for a new technology partner, after the legendary British brand was bought by private investors. But Dr Z thinks love might be in the air, telling Der Spiegel that Aston "fits perfectly with Mercedes-Benz." But a German takeover of yet another British marque looks unlikely, as Aston investors are not ready to take the relationship to that level. After a few intoxicating product cycles with hot-shit AMG engines draped in sensual Aston metal, the attraction may just be too strong for either side to deny. Needless to say, we'll be watching creepily from our little corner of the internet.

Daimler's Man in the Iron Mustache, Dr. Dieter Zetsche, told The Car Connection that Maybach may go the way of the Oldsmobile within the next two years. Zetsche said Maybach would either release an all-new model or go defunct. Dr Z openly admitted that "It's likely we'll not have a [positive] return on investment" for the brand. Luckily, "this does not matter." Last year, Daimler sold a whopping 146 Maybachs; roughly ten percent of the sales estimates bandied-about back when DaimlerChrylser revived the brand in 2002. As Zetsche doesn't expect the recently announced Landaulet to increase sales and Merc's launching AMG as a sub (uber?) brand, the odds are hight that Daimler will decide there's only room for one overpriced S-Class in their lineup and kiss Wilhelm Maybach's goodbye.

Honda's stepping-up their investment in their smallest Japanese models. Although Kei cars are virtually unknown to Americans, they account for a huge segment of the Japanese car market. High gasoline costs, motoring taxes and strange parking permit requirements have lead to the creation a car category whose engine displacement is capped at 0.66 liters (just slightly more than a 20oz bottle of soda). Honda has announced that they're spending ¥50 billion ($500m) to streamline production of these little buggers (production will be "almost the same as the current capacity"). A few years ago, Honda acquired a company to build Kei cars for them. So this huge investment is aimed at integrating that company into Honda's structure. Efficiency is the way to go when you're talking about cars with 50 horsepower.

The forthcoming introduction of GM's Pontiac G8 GXP and ST (Sport Truck to those of us who would prefer they just call it the El Camino) at the New York Auto Show has the Australian GM division Holden crowing its success. "The truth is that under the shadow of the Mitsubishi closure announcements, across the other side of the city, the GM Holden plant has been quietly exporting its head off and making great inroads with the development of new model cars to new markets around the world," says Holden Honcho Kevin Foley. The Sydney Morning Herald reports that Australian Industry Minister Kim Carr joined the Aussie cheerleading, saying "GM Asia-Pacific actually out-performed the parent company in 2007, thanks in part to a strong showing from Holden." GM's plan to ship more Pontiac-branded Holdens stateside may actually exacerbate this imbalance. GM's purchasing chief told a recent suppliers conference that higher fuel costs have already increased GM's transport costs by $84 million this year alone. As excited as some enthusiasts are to witness the return of the El Camino, shipping more cars from the opposite end of the planet are not going to do wonders for GM's bottom line.

Who profits most when you pay $3.28 for a gallon of gasoline? Taking their cues from the mainstream media, many people blame oil speculators for driving-up the prices. According to CNNMoney, they don't actually get a cut of the price. Some traders profit by correctly predicting the change in prices, but others balance that by losing money. Meanwhile, only about seven to 10 cents of the retail price goes to gas stations; which make more money selling legal drugs (caffeinated beverages, artery-clogging, obesity-reinforcing snack foods; cigarettes, lottery tickets, etc.). Federal taxes account for 18 cents; state taxes average 22 cents/gallon. Shipping and storing fuel costs between 23 and 26 cents/gallon. Refiners like Valero, Sunoco or Frontier charge about 24 cents/gallon, but get squeezed when oil prices rise quickly. That leaves crude oil suppliers like BP, Chevron, ExxonMobil, Petroleos Mexicanos, Petróleos de Venezuela and Saudi Aramco. They take the lion's share: roughly $2.04 per gallon. And now that gas is averaging $3.285 a gallon, they make even more. But then, it's one of those risk reward deals. And these calculations don't include the cost of U.S. military efforts in oil-producing regions. Or an eventual federal bailout when one of the D3 goes belly-up. Or a lot of other things, really. 

The Financial Times reports that VW CEO Martin Winterkorn is dissing the darling of Dearborn and the apple of GM's eye: the "world car." "The days of a 'world car' are dead and buried," Herr Winterkorn pronounced. "Our customers in China or India expect us, as a global player, to offer entirely different solutions than we do in the US or western Europe." To that end, VW will be rolling out no fewer than 20 new models in the next three years– as it tries to oust Toyota from the top global sales spot. But Wolfsburg's ambitious sales goals may not have unequivocal support from its new owners, Porsche SE. According to the FT, there's division on the Porsche board about Vee-Dub's global strategy. Wolfgang Porsche, recently voted onto the VW board, is said to head a faction which wants an emphasis on profits, rather than record sales. This might explain the recent unpleasantness between the two grandsons of Ferry Porsche.

Kia isn't wasn't planning on revealing its new Soul compact hatch until September at the Paris Auto Show. But alas, production pictures have mysteriously popped-up on the internet. Kia showed several embarrassingly named "tuned" versions of the car at the Geneva Auto Show, such as "Soul Burner" and "Soul Diva" and "Soul Searcher." The regular Soul looks more than a little bit like the unholy fruit of a union between a Scion xB and the Saab 9-X BioHybrid. Still, it's nice to see Kia try to inject some style into their cars, even if the business plan for Kia more realistically is "follow" instead of "lead." But why follow Scion into a land of not-so-hot sales? Whether or not this car is even destined for America is still an open question, apparently. But you can bet your milk money that Kia wants a piece of the new small car market with something more interesting than the Rio5.

You may recall this most excellent dispatch re: sourcing a new Nissan GT-R at list price. It was penned by TTAC car reviewer and bon vivant Jay Shoemaker. Since writing the epistle from the "budget supercar front," Shoes managed to source the beast. As the headline attests, it all ended in tears. At my request and considerable risk to his rep, Jay has allowed us to publish his email on this abortive venture. [Note: no flaming the rich guy.]

"I was successful in finding a way to acquire one of the first US GTR's at MSRP. I had to pull strings to accomplish this, but I suppose that is what strings are for. Anyway, Nissan USA gave me a nice letter of introduction and I flew to Tokyo last week to see and sit in the GTR (I did not get to drive it). As a prospective owner, I hated it; the external appearance is too boy racer and the interior is pretty much basic Nissan with one or two extra leather pieces. It gave me claustrophobia to sit inside it and was terribly uncomfortable. So after all I went through, I came home and cancelled my order. I suppose I should regret that I will not have the opportunity to drive one of the first U.S. GTRs, but I have never liked Nissans, don't like V6 engines, don't like turbocharged engines in general and definately don't like the idea of 20-inch run flat tires. Next month, I am off to Germany to pick up my Audi R8 at the Neckarsulm factory and drive it on the Autobahn to console myself."

As we reported earlier, Hyundai Chairman and convicted embezzler Chung Mong-koo faced a challenge to his leadership at the annual shareholders meeting. Amazingly, Chung was able to retain his position despite having been convicted of "appropriating" $100m of company money and creating a bribery slush fund. Reuters reports that Chung survived opposition from Korea's National Pension Fund, the company's sixth-largest stakeholder as well as from other minority shareholders. Chung's popularity is said to be based on Hyundai's need for "strong and experienced leadership to cope with tough market conditions." Our guess is that shareholders want to hold onto Chung's battle-proven bribery rolodex in order to keep the Korean currency weak, as the cheap Won is Hyundai's major competitive advantage in light of rising commodity costs and increased competition. Stock value one, rule of law nil.