A consortium of major Japanese companies, along with a government-backed turnaround fund snapped chipmaker Renesas away from what they deemed as certain doom on the hands of the American private equity fund Kohlberg Kravis Roberts (KKR). The Nikkei [sub] reports in a flash message that the consortium that includes all three major Japanese automakers has put together a $13 billion package to block a purchase by KKR. Read More >
Hey kids! Are you feeling nostalgic for the old Celebrity Eurosport? Well then — line right up!
Always good for a surprise, Fiat CEO Sergio Marchionne made an unusual announcement. Not only did he tell everybody that Fiat will receive government financing and tax breaks from Brazil, he also said when he received similar help from Italy: A ver long time ago. Read More >
Being at odds with its number one trading partner Japan at the moment, China shows that it doesn’t have to be the big bully, and that it can make nice with other former enemies if it feels like it. China gave a surprising regulatory nod to a joint venture between Tata-owned Jaguar Land Rover and Chery. If you think they were long married, then you are right. They said yes a while ago. However, in China, a joint venture is not really a joint venture unless the National Development and Reform Commission (and sundry other bureaucracies) have given their nod, and did put their chop on the contract. Read More >
Just to pre-empt the inevitable; you could go out and buy a 25 year old Honda CRX HF and get superior fuel economy to a CR-Z. You could also wind up having your legs amputated after a fender bender, thanks to the wonderful “light weight” construction of the CRX. Now that we’ve got that out of the way, here’s the new Honda CR-Z. Apparently it makes 20 more horsepower from the electric drivetrain. Then again, it may be a moot point since CR-Z imports have slowed to a trickle, thanks to unfavorable exchange rates.
This episode of Generation Why is brought to you by some numbers, not essays on product or marketing efforts. The chart above shows the mean earnings of college graduates with a Bachelor’s degree and full-time employment ages 25-34.
Yes, dear readers, I am happy to announce the Ed Niedermeyer has returned to automotive journalism. Sort of. And not for TTAC. Ed’s essay on the Subaru Outback and the Mini Countryman is perfectly timed for reading over your Friday lunch. Check it out over at Curbside Classic and curse our fearless Editor Emeritus for installing a snot-nosed neophyte like myself into such a hallowed vocation.
My first couple days at TTAC weren’t so much a baptismal by fire, but a surprise dunk in the ice bath by the Best & Brightest. My now-infamous post, where I dubbed the unseen-at-the-time 2013 Ford Fusion as a “gamechanger” based on my embargoed preview of the car in Dearborn, became a punchline for the first month of my tenure. But now I get to gloat. Sort of.
The good old days of late summer 2009.
It was a great time to buy a new car. Monthly new car sales in North America had plummeted to under 10 million units. Access to financing seemed to be near impossible for a lot of consumers. Brands were orphaned. Leasing collapsed. Banks were picky. The future was uncertain and… raw materials were cheap.
It was a good time to buy new at a deep, deep discount. Has that time passed?
As the threat of a strike at Chrysler’s Windsor plant looms, it’s worth examining just how much of an iron grip the Pentastar minivans have on the market.
The CAW and General Motors have reached a tentative agreement, sticking closely to the “pattern” set by negotiations between Ford and the CAW.
Last month, Bertel reported on a Wall Street Journal story that revealed that BMW USA officials inflated sales figures in their zeal to overtake rival Mercedes-Benz in US sales. The automaker was offering dealers cash to basically sell the cars to themselves, under the guise of the units being used as customer demonstrators. The WSJ piece was met with laughter in the halls of car companies, as the practice is common to most automakers. The hilarity has officially ended: a former American Suzuki sales rep was just indicted for wire fraud for conspiring with a dealer to inflate sales figures. Read More >
Honda will bring back an extinct car. In April, Daihatsu killed the last surviving topless kei car. And now, Honda wants to bring it back. This is what Honda CEO Takanobu Ito intimated to me – and a large room full of other reporters – this morning at the Honda HQ in Tokyo. His company will also launch the second generation NSX, will give you a new Civic Type-R for you to Euro-trash while it tries to achieve its goal of becoming the fastest front-wheel-drive vehicle on the Nurburgring. Wait, there is more. Read More >
Washington’s campaign to put you in an EV will cost the taxpayer $7.5 billion through 2019, and it’s all for nothing, says a report by the Congressional Budget Office. Read More >
Nordschleife-enthusiasts, head for your lists. Still a year away from its official launch, the Porsche 918 Spyder rounded the Nürburgring Nordschleife in 07:14 minutes. Not bad for a plug-in hybrid. The timing however, could have been a bit more high-tech. Read More >
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