The man who helped General Motors restructure in 2009 now wants the automaker to buy back $8 billion in shares to help boost its value.
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Hyundai Motor and the South Korean government are coming together to open a hydrogen innovation center to help spur a creative economy.
User carguy gives his take on the Cadillac ATS
Few cars have been the subject of so much lively debate among TTAC readers than those made by Cadillac – and no more has been more polarizing than the ATS. As it happens, I have been driving one of these controversial machines for the past 15,000 miles and thought I’d pen an objective, non-hyperbolic retrospective about owning this car before I bid farewell to it next month. While it would be easy to argue that the Internet doesn’t need another ATS review (and it really doesn’t) my words here are not really intended to be a traditional review. I promise you that I will not to expose you to my views about the latest iteration of the art and science design school or any musings about track performance numbers. No, today I will break all the automotive press rules and share with you what it was like to actually own this car: what was good, what was OK and what was infuriating. Sounds exciting, right? No? OK I’ll promise to keep it light so hear me out and then feel free to throw rotten tomatoes at my views in the comments section.
Hoping to encourage federal investment, Volkswagen is putting up $10 million for EV charging stations to be ready by 2016.
FCA US’ Windsor Assembly Plant is about to undergo the most extensive renovation since the 1980s, all to ready the plant for the automaker’s new minivan.
Though subprime auto lending is growing, lenders believe a new credit bubble isn’t on the horizon as it was in the runup to the Great Recession.
You might be thinking that in a fit of absent-mindedness, I’ve mistakenly put a photo of a Opel Insignia or Buick Regal as the main image – and technically, you’re right. But the car above, though it’s difficult to see, is actually wearing a Holden badge.
Pity the poor common Frenchman of the Third Estate. He will never know what it’s like to be Dominique Strauss-Khan. To go from a ministerial Renault or Peugeot sedan to an Audi A7. To show up in an A7 to his court hearing on charges of “aggravated pimping”. To have half naked women throw themselves at you, while cocooned inside your A7. To deny such charges by stating that participation in orgies (filled with sex workers procured by DSK) were merely “rare”. Forget the 35 hour work week. The French know how to live.
I’ve got a buddy who was once a titan of industry, a computer geek in the C-suite who never forgot his roots. Let’s call him Professor Zorkmid. He never needs to work another day in his life, but he enjoys hanging out with students, telling grand tales of his adventures in the Great Underground Empire, swinging his sword at trolls and making his way through the maze of twisty corporate passages, all alike.
Two years ago, Zorkmid was planning to upgrade his C6 Corvette Convertible to a C7, but then he developed a fancy for the Tesla. Being a rational fellow, he developed spreadsheets with detailed cost models, agonizing over whether it was worth the extra bump for the P85+ (a tighter sport suspension on crappy Houston roads?), the larger 21″ wheels (more opportunity for curb rash?), or the panoramic glass roof (versus the pounding summer heat). The catalyst for him was the August 2013 refresh, when Tesla added parking sensors and made a handful of other small tweaks to the car. He took delivery later on in the year, and fell in love with the car.
Fast forward to the recent announcement of the P85D and Tesla’s various “AutoPilot” features. Zorkmid was sitting in my office, going back and forth about the relative costs and benefits of the new P85D. The extra performance? Certainly desirable. The extra features like the AutoPilot? Seriously beneficial for his commute to campus from his white house, out in a distant field. Sure, it’s got the latest Frobozz technologies, but are you willing to eat the first-year depreciation? He had to think about that. Because if you want to sell it, I might want to buy it. And that’s what leads us to this TTAC exclusive comparison of two Teslas.
Demand from the Middle East and Asia has helped fuel a new record in U.S. auto exports for the third consecutive year.
(NSFW for language)
Planning to light one up before visiting the local drive-thru taquería? The NHTSA says marijuana use might not increase the risk of an accident after all.
Ford’s second-generation Transit Connect is losing market share at a furious rate.
However, that’s not a valid commentary on the Transit Connect, but rather a side effect of a revolution in the small commercial van category.
Transit Connect sales jumped 72% in the first month of 2015 to the highest January level in the model’s brief history. 55% of the small commercial van category belonged to the Transit Connect in January 2015, down from 71% in January 2014 despite the Transit Connect’s 1543-unit improvement. Read More >
Although General Motors’ full-size truck twins failed to outsell the Ford F-Series in January 2015, GM still came out on top as the best-selling truck manufacturer in America last month.
In the previous five months, the Chevrolet Silverado and GMC Sierra had accomplished this feat on their own, outselling the F-Series by 939 units in August 2014, 7076 in September, 2120 in October, 6294 in November, and 6918 units in December 2014. (The F-Series outsold the Silverado/Sierra by 12,263 units in calendar year 2014 and the total GM pickup truck family by 1045 units.)
• Colorado/Canyon sales steadily rising
• 14 of GM pickup sales generated by midsize trucks
• Still not approaching historic levels
Fast forward to January, when pickup truck volume jumped 22% year-over-year and the F-Series’ core F-150 line became more available in new aluminum-intensive form, and GM’s bigger set of twins fell 5643 sales short of overtaking the F-Series for a sixth consecutive month. But viewed as a full-line pickup truck manufacturer, GM’s 42% YOY improvement to nearly 57,000 sales was more than enough to fend off Ranger-less Ford.
Can’t wait until New York to see the 2016 Chevrolet Spark? These leaked photos should do.
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