Toyota’s sales in China took a big hit in September, reports by the Yomiuri Shimbun and Reuters say. Executives of Japanese carmakers are putting on a brave face when it comes to China, but are worried that their significant China business could become a casualty of the East China Sea troubles.
No official data are available yet, but the Yomiuri says that Toyota’s September sales in China “halved,” after many Chinese customers canceled their orders in September. Reuters talks about a 40 percent reduction. A senior Toyota executive told the usually very reliable Reuters that Toyota sold about 50,000 cars in China in September, down from about 86,000 in September 2011. Read More >
Viewers of last night’s Presidential debate may have caught Mitt Romney bad-mouthing Tesla and Fisker during his remarks. Meanwhile, Tesla’s new prospectus shows that they’re hardly out of the woods yet, financially speaking.
It’s been a few years since TTAC has held an award ceremony for the best and worst vehicles, but 2012 marks the re-birth of two storied traditions for the site – and it’s all decided by you, the readers.
On Monday, Japan’s prime minister Yoshihiko Noda presented a new and improved cabinet, tailcoats and all. Apparently, that cabinet has few friends in Japan’s auto industry.
Akio Toyoda, who took over the rotating chairmanship of the Japan Automobile Manufacturers Association last May, sent a surprisingly strongly worded address to his new leaders. Speaking on behalf of all JAMA members, Toyoda said: Read More >
Three years ago, I was counting down the days until Honda tossed me the keys to their Formula Red S2000 press car. Times have changed, and so have I. Honda doesn’t have anything remotely that cool in their lineup, and I’m getting excited to drive the first Chinese car from a major OEM to be sold on our shores. Yes, it comes from the Big H.
According to VW USA’s CEO Jonathan Browning, America is missing out on huge investments and new jobs due to our “rising debt and political discord.” In 1999, the U.S. did attract 41 percent of all global foreign direct investment. Now, the number is less than 20 percent. The money is going to places like China where Volkswagen has 12 plants and three more on the way, while there is only one in the U.S. Browning is talking in code about several facts of post-bailout automotive life. Read More >
Four 2013 models, the Lexus ES, the Hyundai Santa Fe, the Subaru XV Crosstrek, and the Dodge Dart received the coveted “Top Safety Pick” award by the Insurance Institute for Highway Safety. Read More >
Detroit carmakers continue telling their fairy tale of the closed Japanese market, and their UAW members eagerly hang on their lips. Both don’t want to admit that their products are largely unsalable in Japan, and they blame the mythical bad Nipponese wolf instead. At the same time, sales of imported cars are up for the third straight month in Japan. Sales of imports were 35,841 in September, the highest since September 1996, data released by the Japan Automobile Importers Association shows. Read More >
Japanese carmakers are worried about their sales in China after Japanese cars were smashed and dealerships torched during large scale anti-Japanese riots in China last month. As a first indicator that Japanese cars may be falling out of favor in China, Mazda reports via Reuters that September sales in China dropped 35 percent. Read More >
When a Japanese chemical factory blew up over the weekend, it looked like baby bottoms would be most affected. Nippon Shokubai is one of the world’s largest producers of acrylic acid, which in turn is a key ingredient for the making of disposable diapers. Apart from causing a diaper dearth, the explosion also “may send shock waves through the auto industry,” as The Nikkei [sub] says.Read More >
Shai Aggasi, the visionary behind the Better Place EV battery swap network, has been ousted, with Better Place Australia’s CEO replacing Agassi as global CEO.
“We do not need incentives for natural gas technology to drive adoption,” Bill Larkin, CFO of Westport Innovations, a Vancouver-based developer of technology that allows truck and bus engines to run on natural gas, told Reuters in an interview:
“It actually hurts the investment in this technology because the U.S. government has been dangling this carrot … and so investments are delayed.” Read More >
Italy once had one of the highest rates of car ownership in the world, with 60 cars for every 100 people. But in 2011, bicycles outsold cars for the first time in decades.
A successful test of the “biggest rocket fired in the UK for over 20 years” cleared the way for an attack on the 1,000 mph mark in a car. According to Reuters, the rocket will be twinned with a fighter jet engine from a Eurofighter Typhoon. With that new “hybrid,” the team behind the Bloodhound supersonic car wants to smash the existing world land speed record of 763 mph and go all the way to 1,000 mph. Read More >
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