Some have quietly or openly been hoping the GM could cash-in on the misery of Japanese brands in China. It’s not happening. Sales across all of GM’s Chinese joint ventures were up a marginal 1.7 percent in September while sales of German marques received a boost. Read More >
M. Peerson writes:
Well, I think it is time to replace the Pug. My little 505 has crossed the country, oh I do not know how many times. I mean I just did a round about from Westminster CO (North Denver) to Roundrock TX (North Austin) back to Benton CA (Mammoth lakes) and it is still running fair to decent for a car that I have replaced the speedo on two times. Actual millage is up past 400K closer to 440,000 miles as I clock it with the log book. Read More >
Shares of General Motors held by the Canadian federal government and the government of Ontario may have difficulty unloading their $9 billion stake in General Motors, according to a report by Bloomberg.
Sales of Japanese cars are getting hammered in China, and Hyundai is one of the chief beneficiaries of their collapse.
BMW is recalling nearly 700 2013 M5 and M6s due to the potential for catastrophic engine failure.
With sales of the third-generation Ford Taurus lagging, the Blue Oval decided that an entry-level variant would be just what was needed to help kickstart sales. Faced with slumping sales of their Leaf EV, Nissan is apparently taking the same route.
Good news for Canada’s manufacturing sector; GM has confirmed plans to add a third shift to the Oshawa Flex Line to help meet demand for the 2014 Chevrolet Impala.
It is something that will become increasingly common: Japanese carmakers launch cars at home in Japan, long after they have been introduced to emerging and emerged market elsewhere. This seems to hurt Japanese feelings. Today, Nissan presented the Latio at its headquarters in Yokohama, and the usually polite assemblage of media representatives turned into a growling pack. Read More >
Independent sales analyst Tim Cain has released his Worst Selling Vehicles list for September 2012, with not just one but three measures of poor performance.
With no less than three outlets reporting on the supposed death of the Lotus Esprit yesterday, one could be forgiven in thinking that Lotus was jettisoning the last of the Danny Bahar era and returning back to its roots as a maker of pure, uncompromising sports cars. It turns out that the reputable news outlets that reported on the matter failed to do any fact checking with Lotus. Also, I have a bridge in Brooklyn to sell you.
We’ve been told again and again that pooled parts purchasing produces profits. Baloney, Opel interim-chief Thomas Sedran will say in an interview that Germany’s Tagesspiegel will publish tomorrow. He says something GM customers have known for a while: Parts from GM’s bin often are too expensive, and by sourcing them elsewhere, one can save a lot of money. “We are talking a significant order of magnitude,” Sedran will say tomorrow. Read More >
Renault wants to shift more production away from France, French union sources leaked to Reuters, and to maximize the disgrace, the jobs will go to Turkey, a country not in high regard in islamophobic French circles. Renault plans to build more than 70 percent of its Clio subcompacts in Turkey, the union sources said. Renault issued a weak denial that reads like a confirmation. Read More >
Volkswagen workers who make the Passat at the Emden factory in Germany are enjoying a mini-vacation. After the national holiday last Wednesday, which celebrated the fall of the wall and the re-unification, Volkswagen workers can celebrate falling sales of the Passat, and stay at home, says Germany’s Handelsblatt. Meanwhile, managers at Volkswagen are busy down–revising their production plans.
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Fiat/Chrysler CEO Sergio Marchionne casts longing eyes at GM’s palsied German daughter Opel, still, or again. Fiat was interested in taking Opel off GM’s trembling hands in 2009. Fiat is ready again, says the Italian business daily Il Sole 24 Ore, if Fiat gets a similar deal as with Chrysler: Opel for nothing, preferably with a cash sweetener. Read More >
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