A new year started in Japanese auto sales, and the easy double digit up times while comparing with a disaster 2011 are over. It’s getting worse: This year, Japan’s new car sales compare to 2012 sales on government-speed: Japanese could collect hefty subsidies in most of 2012, no such largesse this year. In January, new car sales are not down 12.9 percent, as the Dow Jones News Wire make you believe. They are down 7.8 percent, as correctly reported by Reuters. But down is down. Please come to the tables. Read More >
Category: News Blog
Anyone attending the Geneva Auto Show will get to see a concept version of the Toyota 86 convertible, pictured above in a sketch. Enjoy it as you sip your 7 Franc lattes. We’ll have live shots for you starting March 5th, once the show is on. Maybe it will be warm enough to put the top down on the MX-5 by then…
It was one of the worst-kept secrets: Two weeks ago, Reuters reporters had picked up the scent of Daimler planning a big investment into China’s BAIC. This week, rumors started flying around in Beijing that it is true. Today, Daimler announces, as expected, that “Daimler AG is going to invest in BAIC Motor, the passenger car unit of BAIC Group, one of the leading automotive companies in China.” Read More >
I’ll admit it: when I wrote my anguished screed regarding the ridiculous curated-Tweet Lincoln “Motor Company” advertisement-in-progress, I sincerely hoped that I would be wrong. I secretly thought: hey, there are some smart people involved, and “crowdsourcing” might produce the work of Shakespeare as easily as an infinite number of monkeys on typewriters.
Boy, was I wrong.
Fiat is one of the oldest car manufacturers in India, having enteredat a time when there was no GM, Volkswagen, Nissan, Renault, Toyota, Honda, Hyundai in the country. Today, Fiat is the second last in terms of market share, selling just less than a thousand units on a monthly average. The company below Fiat in terms of market share is Mitsubishi, which only sells SUVs in the Indian market. So how did Fiat manage to perform so poorly? Poor customer service, bad marketing and lack of new products has lead to Fiat’s slow demise in the Indian market. No more, says Fiat. Read More >
Audi follows a trend set by other OEMs, notably GM, and opens an R&D Center in China. Located in Beijing’s fashionable 751 D-Park , the center will be busy doing product customization for the Asian market, especially when it comes to electronics and connectivity, along with components for new-energy vehicles and efficient powertrains. Read More >
Today must be International Backpedaling Day. Volkswagen said “Never mind beat Toyota by 2018.” Obama says: “Never mind a million EVs by 2015.” Read More >
TTAC alum Justin Berkowitz hit the jackpot with Chrysler, managing to make sense of the umpteenth new product rollout they’ve announced since getting in bed with Fiat, and posting the most accurate rendering of the new Jeep Liberty replacement (according to TTAC sources, it is dead on).
In 2007, when Martin Winterkorn took over as CEO of Volkswagen, he said that Volkswagen wants to be better than Toyota, not just in units, but in profitability, innovation, customer satisfaction, everything. This morphed into the “Strategie 2018”, which called for world domination no later than what the name says. Today, Volkswagen changed its mind. Declaring an early victory, it wants to move on. Read More >
The current Ssangyong Rodius is without question the world’s ugliest car. Having seen them in the Middle East and Europe, I can confirm that they make the Pontiac Aztek look like an Aston Martin DB9. But the reign of the Rodius is coming to an end – if the sketches below are to be believed, the new Rodius should be somewhat attractive.
Not to anyone’s huge surprise, the Opel Supervisory Board today confirmed former Volkswagen exec Karl-Thomas Neumann as CEO of Opel. To make the job a little more interesting, “General Motors appointed Dr. Neumann president of GM Europe and GM vice president,” as a GM communique says. It continues that Neumann “will become a member of GM’s Executive Committee and is expected to play a key role in the global leadership of GM.” Read More >
If you were to read certain outlets, you may have the mistaken impression that Mazda is making a move upmarket. More than one industry gadfly took Mazda CEO Takashi Yamanouchi’s assertion that he wants to see Mazda become a “premium” brand as evidence of managerial incompetence. How could the world’s last independent auto maker have the gall to gun for the Germans and upscale Japanese marques when they are currently a bit player in the global auto sector?
Uh-oh: The price of doing car business in Germany is heading up, increasing pressure especially on Opel. “Germany’s IG Metall union may push a pay claim between 5 and 6.5 percent for about 100,000 workers at VW’s six western German factories” Bernd Osterloh, head of VW’s works council told Reuters today. What does this have to do with Opel, you say? Read More >
Now about those Benz-BAIC rumors: While Beijing is going gaga, Reuters has been suspiciously quiet about an upcoming deal between Daimler and its Chinese partner BAIC. Reuters, which has good ears and feet on the ground in China, had reported two weeks ago that something might be happening. Today, Reuters breaks its silence and says: Read More >
Honda made cautionary noises when announcing its quarterly numbers today, taking its annual profit forecast for the year down a notch to 370 billion yen ($4.1 billion). Three months ago, Honda already had cut its profit forecast for the fiscal year to March to 375 billion yen ($4.7 billion) from its earlier estimate of 470 billion yen ($5.9 billion). $1.8 billion evaporated on the forecast, mostly due to continuing sales troubles in China. Read More >












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