Tomorrow, Volkswagen CEO Martin Winterkorn will be at a groundbreaking in the Chinese port city of Tianjin, with German Chancellor Angela Merkel and Chinese dignitaries in attendance. A plant for high tech DSG transmissions is being built there, using technology that is in high demand in China. So high is the demand that joint venture partner FAW has, according to recent media reports, “systematically and repeatedly” stolen designs of important components such as engines and transmissions. Read More >
The Obama administration, through the EPA and the DOT, on Tuesday released new Corporate Average Fuel Economy (CAFE) standards that mandate a national fleet average of 54.5 MPG by the year 2025. That figure was the result of negotiations with automakers, state officials and environmental activists. Despite the industry’s apparent support, Republican presidential nominee Mitt Romney’s campaign called them “extreme”. President Obama responded by implying that Romney was some kind of 19th century Luddite, suggesting that the former Massachusetts prefers steam engines. Read More >
The united Europe is more and more turning into a divided Europe, at least when it comes to making cars. On one side are the hugely profitable German carmakers Volkswagen, BMW, Daimler and Porsche. On the other side are its loss-making or barely-profitable rivals including Fiat, Peugeot-Citroen, Renault and GM’s Opel. Now, the split drives the two countries apart that started Europe’s unification, France and Germany.
France’s new socialist government wants to punish buyers of bigger cars with huge taxes while lifting the tax burden on smaller cars. The bigger cars are mostly German. Read More >
Japan’s carmakers are preparing for the next big one, and move to higher ground, says The Nikkei [sub]. Many Japanese car plants are near or next to the water, some on reclaimed land. Large level tracts are rare in Japan, and by building cars at the waterfront, the ship can come to your loading dock. After the March 11 earthquake and tsunami, perspectives changed. Read More >
The folks over at Allpar are concerned about Dart sales. The initial batch of Darts were released as “Rally” models with manual transmissions for about $23,000 — and apparently, one of the Allpar reader’s dealers has an ADP sticker on top of that! The Darts don’t seem to be selling. Not for $23,000, and not with a manual transmission.
Carnewschina spotted this looooooooooooog Ford F650 streeeeeeeeetch in front of a swank Beijing hotel. This is a good place to spot outrageous cars in China, sometimes, it feels as if they get imported only to be permanently parked in front of a fivestar. As you can see, even the rope wasn’t long enough to completely rope off the monstrosity. Read More >
I’m still making my way through the tome that is the CAFE regulations, but Sergio Marchionne already know what’s up – maybe all that time he saves by not picking out his outfit each day has something to do with it.
Volvo’s Chinese owners at Geely encounter something in Europe that is unheard of in China: A drop in car sales. Volvo has to cut production in Sweden by about 10 percent, and will let 200-300 contract workers go, Reuters says.Read More >
The U.S. government may have to wait a little more until it sees the money it has sunk into GM. The reverse is true in Serbia. There, Fiat has to wait a little longer for the money owed by the Serbian government.
The CAW may abandon their tactic of using negotiations with one automaker as a precedent for other negotiations, and conduct simultaneous talks with Ford, Chrysler and General Motors.
Only one more day until we get August sales data, and September 4th will bring us the latest inventory numbers. Here at TTAC, we’re keeping an eye on GM’s full-size truck inventory, which is as high as 145 days for the GMC Sierra – well above the 100 day supply that’s considered safe for full-size trucks.
Hyundais will be in short supply this coming month. Workers in Korea refused to make them and went on strike in July and August. Hyundai and the unions reached a tentative wage deal today, “ending the second-costliest strike in the firm’s 45-year history,” as Reuters reports.
Wolfsburg’s Über-VW, the Phaeton, will be produced in China. At least if the Chinese car site Auto.163 is correct. The news is coming to you via Chinacartimes, which doubts the article’s veracity, not only because the logic behind Auto.163’s reasoning is a bit backwards. Is it really? Read More >
Chinacartimes, the website that monitors the Chinese car market, put its finger on a disturbing new trend in China: Cars adorned with Nazi paraphernalia.“Some Chinese like to dress up in period military costumes and stick WW2 era German military insignia all over their motors,” reports Ash Sutcliffe, the owner/operator of the site. Read More >
Fuel economy standards for the year 2025 have now been set, as the government released the finalized CAFE regulations, in a massive tome totaling 1,994 pages in PDF form
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