Category: News Blog

By on January 24, 2014

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United States Energy Secretary Ernest Moniz said the whichever of the two Chinese bidders for the assets of Fisker Automotive wins the court ordered auction on February 12th it will still have to keep Fisker’s manufacturing and research in the U.S. Automotive News reports that Hybrid Tech Holdings LLC and Wanxiang America Corp. are fighting over the remains of Fisker in  U.S. bankruptcy court for the remains of Fisker, an Energy Department loan recipient that stopped making its luxury plug-in hybrid cars in 2012.

“I’m not going to pick a winner of the auction,” Moniz said at the Washington Auto Show. “What’s key for us is of course the terms of our loan have to be respected. We have technology transfer limitations first of all. No matter who the winner is we will be looking at both engineering and manufacturing in the U.S. That’s the key for us.” Read More >

By on January 24, 2014

ADAC Golden Angel

German auto club Allgemeiner Deutscher Automobil-Club e.V., or ADAC, may no longer bestow their annual Yellow Angel Award after the club admitted to vote rigging.

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By on January 24, 2014

Nissan North America and TBWA Worldwide, Nissan’s ad agency have agreed to a settlement with the Federal Trade Commission over the FTC’s claims that a television commercial for the Nissan Frontier misled consumers about the truck’s ability to climb hills. The 30 second ad, titled “Hill Climb”, portrayed a Frontier pushing a stranded dune buggy up a steep sand dune. In reality, the Frontier wold not be able to perform the stunt in the ad. To shoot the ad, both vehicles were towed up the hill using cables.

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By on January 23, 2014

Toyota Baja California Assembly Line

As the yen weakened against the dollar for a second consecutive year, Honda, Nissan and Toyota all set production records in their North American plants in 2013, according to Automotive News.

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By on January 23, 2014

Datsun Concept India

Should you happen to be in India two weeks from now, Datsun will unveil the above concept at the 2014 Delhi Auto Expo during a conference held by the offshoot automaker.

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By on January 23, 2014

2015-Honda-Fit

With the introduction of the 2015 Honda Fit, the era of the Chinese car is coming to an end in North America. According to Honda Canada, all 2015 Honda Fits for both the United States and Canada will be sourced from Honda’s new plant in Mexico. That means an end to the importation of the Fit from Honda’s plant in China. Who knows what the next one will be for Canada (and the first one for the United States). Any guesses?

By on January 23, 2014

The Insurance Institute for Highway Safety tested a dozen of the smallest cars on American roads with the rigorous new small-overlap crash test and according to Automotive News, all but the Chevrolet Spark performed poorly in the test. The small-overlap test is supposed to recreate collisions when the front corner of one vehicle strikes an immobile object or another vehicle. The test is performed with the driver’s side of the vehicle’s front end hitting a barrier at 40 MPH. It is considered a more stringent test because the front crush zone is missed and much of the crash energy is directed in to the passenger compartment, sometimes causing it to collapse. Read More >

By on January 23, 2014

Speaking at the Washington (D.C.) Auto Show, U.S. Energy Secretary Ernest Moniz said on Wednesday that part of reviving the dormant Advanced Technology Vehicle Manufacturing loan program may involve making suppliers as well as automakers eligible for the more than $15 billion allocated for the ATVM program that was never loaned out. The program stalled 2011 after the high profile failures of two loan recipients, Fisker Automotive and Vehicle Production Group. Of the other three recipients of ATVM loans, Tesla repaid its loan early and Ford and Nissan continue to pay down their debts on schedule. Read More >

By on January 22, 2014

navigator1

Eagled eyed twitter used Clifford Attiyeh snapped this pic of the reskinned 2015 Lincoln Navigator, complete with Lincoln’s new corporate grille. Powertrain options are expected to be revised as well, with a 3.5L Ecoboost V6 appearing as the lone engine choice.

By on January 22, 2014

07dts1

98 dealers are busy looking at 89 vehicles. Check engine lights are being scanned. The hoods are opened, engines are revved, and Bluetooth is the technology of the moment. Wholesalers, along with professional car buyers like me, are busy making arrangements with those dealers and individuals who want to buy an auction vehicle on the cheap.

There’s only one problem with all this. We’re on the eve of tax season. A time where everyone short on dough files a tax return on the expectation of a nice four-figured refund in early February. Millions of those refunds will eventually be used towards one of three purposes: paying down debt, purchasing electronics, or putting a down payment towards a nice used car that will likely be financed to the hilt.

The prices at this specific auction are always high. But today, they were in outer space.

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By on January 22, 2014

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For 40 years the Shell oil company has been putting out reports on what expects in the future. This year’s report titled New Lens Scenarios sees passenger road transportation being “nearly oil-free” by the year 2070. The report is in the plural, scenarios, because the futurists at Shell envision two possible outcomes, which they call “Mountains” and “Oceans”. In both scenarios the world’s population will grow to 9 billion people by 2050 and by 2070 electricity and hydrogen will be the primary means of fueling road transportation. Read More >

By on January 22, 2014

chryfiat

Fiat announced that it has completed the acquisition of all remaining shares in Chrysler Group that it did not own. The United Auto Workers’ retiree healthcare trust, known as a voluntary employee beneficiary association or VEBA, received $3.65 billion in cash for its 41.46% stake in the Auburn Hills based automaker, $1.9 billion of which came from Chrysler and $1.75 billion from Fiat. The total deal is worth $4.35 billion, with Chrysler committed to pay the trust the remaining $700 million in four annual equal payments, the first of which was made when the deal was consummated. Read More >

By on January 22, 2014

 

HOA Police Courtesy bliptv.com.jpg

Now that most of you have given your tacit approval for TTAC to continue to post stories about police and motorist interaction, please consider this strange case. It all began at 2:10 AM on April 20, 2012 when an officer observed Frederick Weaver weaving and driving an estimated 25 mph in a 15 mph zone in his Acura as he cruised through the Carleton Place town home community in Wilmington, North Carolina. Read More >

By on January 22, 2014

2014-Cadillac-ELR. Photo courtesy AutoGuide.com

If you thought the $75,000 price of admission for ownership of the 2014 Cadillac ELR was too high, the luxury automaker may have another option for your consideration: A lease contract of $699/month with a few stipulations.

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By on January 22, 2014

DieterZetscheIAA2009

At a round-table discussion with reporters during last week’s Detroit Auto Show, Daimler CEO Dieter Zetsche proclaimed that any consumer wanting to be green with fuel cells had better be prepared for a decade of disappointment with the technology.

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