Now that Opel workers in Bochum refused a plan to keep the factory open, now that an intervention by UAW’s Bob King went exactly nowhere, the question is where to move production of the Opel Zafira when Bochum closes its doors by end of 2014.
In the running: Rüsselsheim, Germany, and Ellesmere Port, UK. Read More >
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.
Hey Sajeev and Steve,
I am about to graduate college (this week in fact) and before I start my new job I need a new/used car. I am lucky enough to be graduating college debt free and with an excellent new job lined up. I will be moving from bone dry Texas to rainy Seattle. Read More >
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.
Then, finally, a reporter asks Ghosn when he intends to pack up and leave. Of course, this is Japan, and the question is asked in a circuitous way. The reporter argues that Nissan now makes solid profits, hence Ghosn could perhaps put the company into the hands of someone else, such allowing Ghosn to focus fully on Renault, which needs all the help it can get. This suggestion earns the reporter a likewise polite rebuke. Ghosn thanks him “for taking care of my own organization.” Pierced by Ghosn’s trademark laser eyes, the reporter deflates into his seat. Read More >
Finally, a chance for Ghosn to speak about his favorite topic: The value of the yen. Two years ago in Kyushu, Ghosn said that its valuation against the dollar and other major currencies was a crime against nature, a perversion. Back then, you got 77 yen to the dollar, and I assure you that 76 yen buy next to nothing. Ghosn called a high. The rise of the deviant was arrested. In the following year, the yen turned around, fainthearted first, then, with honest Abe getting behind the wheel in Japan, a dollar now buys 100 yen.
Ghosn does not want to hear talk of a “low “ yen. Read More >
Asked today at the annual results conference in Yokohama whether he wants to back off from his old target of putting 1.5 million EVs on the road by 2016, Nissan CEO Carlos Ghosn displayed an astounding degree of determination. He still believes in the 1.5 million. Maybe a little later than 2016.
Read More >
Nissan closed the year in America with U.S. sales up by 10 percent, but that wasn’t enough to please Ghosn. Said the CEO today in Yokohama:
“China was not our biggest disappointment last year. It was mainly the United States. We were expecting a strong year. It did not happen. We postponed it to 2013.” Read More >
In the early 1980s, as the economy continued to slump and gas prices soared, American car makers were desperate for a way forward. The good old days were gone forever. Under pressure from the Japanese, whose small cars had gone from rolling jokes to serious, high quality competition in little more than a decade, the big three knew they needed to make a radical departure from their traditional approach before it was too late. Although some of the more stodgy cars would soldier on and continue to sell to members of the Greatest Generation well past their expiration dates, for the rest of us the future was a smaller, lighter and more efficient. The winds of change were blowing and even the Ford Mustang felt the chill.
Nissan is the largest of all Japanese automakers in China, and therefore has the most to lose. With about a quarter of its global sales in China, Nissan has the highest exposure to the ups and downs of the Middle Kingdom. When Chinese rioted in the streets, overturned Japanese cars and torched their dealerships , Nissan was beaten hard. At one point, sales of Nissan cars were cut in half.
Recently, the situation has improved a bit. Nissan’s April sales in China even booked a slight increase over April 2012. A month and a couple percent do not make a trend. Says Ghosn: Read More >
Naming a car is tricky business. We know this because after years of challenging design work, engineering efforts, focus groups, and meetings that probably involved colorful PowerPoint presentations, Subaru named its first midsize SUV “B9 Tribeca.” Speaking of which: designing a car is tricky business.
“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.
If any carmaker is hoping for an imminent turn-around in Europe, or is telling shareholders (I am looking at you, GM) that better times will be here again real soon now, then Nissan’s CEO Carlos Ghosn has a bucket of ice-cold water for them.
“Europe is going to be bad,” Ghosn predicted today in Yokohama. Ghosn also serves as CEO of Renault, a company that is taking major lumps in a market that has been careening south for five years in a row now. One would assume that a man in his position paints a rosier picture. Instead, Ghosn’s pallet is all gloom.
Ghosn knows what is on the mind of the European customer: Read More >
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.
Recent Comments