Anemic demand is causing Volvo to shut down their main Swedish factory for one week, starting October 29th.
Find News by Subject:
Category: News Blog
The introduction of the Buick Verano Turbo is right around the corner, and that could spell doom for the Buick Regal, which has seen sales plunge by 37 percent this year.
TTAC Commentator Morea writes:
Sajeev, hope it’s not too dumb, but it really is a question I have! I wish to someday own a car with a straight eight engine. Read More >
Tata CEO Ratan Tata has apparently decided to sell the Tata Nano minicar in the United States, even as Tata lacks though proper sales channel.
In an interview with Automotive News, the company namesake said that a redesigned Nano, with features like traction control, a more powerful engine and power steering, could go on sale at a price below $10,000 in three years time.
But a distribution channel is still a giant question mark, with Tata saying “We have to give a lot of thought to how we would distribute the car,” and little else. Tata’s remarks came at the opening of a New Jersey-area Jaguar Land Rover dealership
It’s been almost a year since the Internet was treated to the story of a boy, a girl, and a dodgy take on a dead supercar. The story had all the makings of a classic tale: ambition, speed, deceit, accusation, busty Asian women in leopard-skin print outfits dancing on top of cars in the desert.
Well, the story isn’t quite over yet.
Space Shuttle Endeavour was hitched to a silver Toyota Tundra CrewMax half-ton pickup to cross the 405 Freeway on its two day trip from LAX airport to the California Science Center (CSC). Read More >
Yesterday, La Tribune in Paris had it on good authority that moribund Opel and the carmaking arm of PSA Peugeot Citroen would be merged into a joint venture.Reuters started digging a bit deeper and can say with conviction that “General Motors and PSA Peugeot Citroen are exploring ways to combine European operations in a second phase of the carmaking alliance they forged to save costs earlier this year.” They just don’t know yet how.
Longtime reader and new contributor Tyler Vandermeulen is a financial analyst by day. He took a deep dive into the EDGAR database to unearth how much of GM’s money flows abroad. Please welcome Tyler with the respect he deserves. Rude comments will not be tolerated.
Before the bailout of General Motors, it was well understood that the world’s largest automaker was losing huge amounts of money in the US and was staying afloat thanks to stronger performance in overseas markets. Since the bailout, however, that dynamic has been turned on its head. Thanks to a leaner manufacturing footprint, debt eliminations and steadily recovering sales, GM’s US operations have generated the lion’s share of the company’s profit since the bailout. And now, as the rest of the world economy slows, GM is spending more and more of its taxpayer-enhanced cash pile to shore up its faltering foreign divisions. In fact, according to an analysis of GM’s SEC filings, the company is likely to incur over $6.5 billion in losses and expenditures overseas in the 2011-2014 period, not counting over $1.6b in foreign potential legal liabilities or several other incalculable expenses that could add up to billions more. Not only are these expenses a challenge to GM’s overall financial health at a time when it also faces billion-dollar expenditures on pensions in the US, it shows the basic problem with national bailouts of global companies. Taxpayers who were told they were saving an American company are now seeing their tax dollars flowing overseas by the billions. Read More >
Vice President Joe Biden’s net worth has been estimated to be as low as a quarter-million dollars — chump change by the standards of Mr. Obama and Mr. Romney — but surely that’s enough money in the bank to pick up a decent Trans Am, right?
Brazil detailed their new five-year national auto policy, which is meant to spur investment in new auto factories, locally sourced parts content and reduced vehicle prices.
Travis writes:
This might seem a little frivolous, but this is a genuine dilemma that I’m currently facing right now. I’ve been looking to replace a 2006 Pontiac GTO that I’ve had for 4 years. It’s been fun, comfortable, and mildly expensive to maintain in the last year with random small but non-typical GM parts-bin stuff falling apart. I got into an accident a few days ago which pushed around the engine enough to declare the car a total loss. Lucky me me for being safe, also lucky me for not having to sell my car while also getting partial refunds on the $2700 that’s been dropped into it in the past 3 months. Read More >
Think of it as a merger of the equally sick: PSA’s automotive division (Peugeot Citroen) and Opel could be put into one company, a joint venture between GM and PSA, La Tribune reports with Reuters providing the translation. Read More >
The Chinese Army was a great admirer of Benzes, so much that they built their own. Bamin State Automobile Works, or Bamin Automobile for short, was based in Minhou in Fujian Province. The company was owned by the Chinese army, it was also called the ‘PLA 7427 Works’. Bamin Automobile started business in the late 1980′s with a local licensed variant of the Beijing 212; the Bamin BM212A/BM213A. Read More >
Volkswagen wants to go back to its “People’s Car” roots, and plans to launch a new low-cost brand by about 2015, Reuters says. With a a price range of between 5,000 and 10,000 euros ($6,500-$12,900), Volkswagen wants to emulate the success of Renault’s Dacia. Nissan resurrected Datsun as a low-cost brand to help gain market share in lucrative emerging markets. Read More >
Recent Comments