The largest asset-backed securities deal since prior to the mortgage crisis, worth $1.6 billion, was announced last week. Meanwhile, one ratings agency is touting their low delinquencies as positive signs in the ABS market.
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As with most harebrained schemes, this one started on innocently enough. But like a Sorority President’s profanity laced email, the greatest K Car ever raced is making its way across America. Like the video reading by Michael Shannon, it is bringing all who experience it the same joy and probably more profanity. Read More >
TTAC commentator Gannett writes:
This has now become an important question around our house: what’s the best/cheapest (not necessarily the same thing) way to drive 25,000 miles a year?
It’s a headline you might have seen in the past couple days: “Tesla Model S outsells Nissan Leaf (or Chevrolet Volt, you pick)”. To the layman, the story is that this amazing car from an amazing American upstart company is outselling lowly Chevys and Nissans to become America’s favorite EV. The angrier among us may wonder how a car that costs twice that of a Leaf or a Volt can outsell them both. TTAC just wants to know how any media outlet can make this comparison in the first place.
One of the things that I’ve learned from going to car shows is to try to remember to not act like an expert, to listen more than talk. That way I might actually learn something, or at least not embarrass myself in front of someone that’s a real expert. That’s a nice way of saying that it’s better to keep my mouth shut and have people think that I’m a fool, than to open my mouth and prove their point.
If you’re like me, you’re probably intimidated by the wide array of functions available with today’s infotainment systems. With Toyota Entune, for example, you can make restaurant reservations, buy movie tickets, and use Bing to find at least 35 percent of your search terms. Ford SYNC has an app called “tool finder,” which presumably provides the current location of John Mayer. And Chevrolet says its next-generation MyLink system can actually do the impossible: navigate an IKEA. Hyundai BlueLink can even help you put together the furniture.
Last week there was a 2003 Toyota Tacoma with 430,000 miles on it.
I thought to myself, “Well this isn’t news. The quartet of GM/Ford trucks, Honda Cars, and Toyota everything is still cleaning up the charts. I won’t write about it this time”. So I waited…
This week the mileage champion out of 6,945 vehicles was a 1999 Toyota 4Runner with 344,400 miles. The enthusiasts among us are probably a bit Toyonda Chevorded out at this point. So this time, let’s focus on longevity.
Daimler is set to profit from theBoston Marathon bombing drama in a strange way. The car hijacked by Tamerlan and Dzhokhar Tsarnaev was a 2013 ML350 with an active telematics subscription. Mercedes-Benz USA confirmed to Automotive News [sub] that “it was contacted April 19 during the hunt for Tamerlan and Dzhokhar Tsarnaev. Mercedes was asked to help find the vehicle using the Stolen Vehicle Location Assistance function on the crossover’s mbrace telematics system.“ Read More >
With 70 percent of its buyers new to to the brand, the Cadillac ATS is an important way for the brand to bring new buyers into the fold. But the ATS is still missing an important product that its main competitors currently have; a coupe.
Daimler’s new China chief Hubertus Troska committed a possibly deadly mistake. According to Germany’s Automobilwoche [sub], Troska and his lieutenant Nicholas Speeks “accuse their Chinese dealers of laziness and incompetence.” Read More >
A new four-cylinder diesel set to debut on the GLK crossover will make its way to both the Mercedes C-Class and E-Class starting this year.
Thousands of Chinese have to say zai jian (good bye) to a cherished symbol of wealth and power: Their white military license plate. “China’s new leadership is seeking to dismantle a system of privilege which has allowed the drivers of military vehicles to do as they please on the road,” writes Reuters. “On Sunday the Chinese military began replacing license plates on its cars and trucks to crack down on legions of vehicles, many of them plush luxury brands, which routinely break traffic laws and fill up with free gas.”
Don’t think these “military vehicles” were all drab and green. Read More >
America’s top selling Suzuki dealer is switching it up with a much more popular brand. Wichita Suzuki has begun selling Subaru cars as it prepares for the end of the Suzuki era in America.
Bob King’s attempts to ingratiate himself with German unions, and to make Opel’s Bochum workers reconsider their decision to turn down Opel’s restructuring plan, are being ignored. Actually, it appears as if they had the opposite effect. Days after King’s comment, Bochum plant manager Manfred Gellrich rejected new discussions, saying Opel does not want to “waste precious time,” Reuters says. Over the weekend, Opel dropped another bomb: Bochum will be closed completely. A parts depot that was supposed to stay open, will also close its doors. Read More >
Anonymous writes:
Hello Oh Ye Sajeev-full, (WOW – SM)
I bought myself a ’12 VW Golf TDI (4-dr, 6-sp) because, at the time, I was driving 2k miles a month around the CA Bay Area for work. I wanted fun, frugal, and practical all in one car, and the damn thing delivered (best mileage was 57, average was 46). Read More >
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