With Opel’s fortunes in the toilet and Chevrolet vehilces gaining ground in Europe, Opel brass are looking at an obvious solution – stop building Chevrolet products in South Korea and start building them in Europe.
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Category: News Blog
Suckers come in all shapes and sizes.
They can be a young guy with college loans in his mid-20’s who is charged $800+ for a $100 repair. Or an elderly couple on a fixed income who is encouraged to sign on the dotted line with a malevolent seller.
Every single American has probably been a sucker at some point in their lives when it comes to cars. Young, old, smart, not so smart, confident, fearful… and in all cases, struggling with the unfamiliar. Our society is not one that de-fangs the predators or educates the victims. It is a debtful and litigious one that encourages money to be thrown into every which direction but personal accountability.
Or does it? Frugality is supposedly the in thing these days… and cars are now kept longer than ever. As a life long debt hater, I would like to think that there are far fewer suckers than before. Especially when it comes to cars.
But the numbers tell me otherwise.
“…as some men try to be proud of their defects, he extracted an ornament from an inconvenience, and vanity produced a grotto where necessity enforced a passage.”
So Johnson wrote of Pope. It’s always best to face the truth and do one’s best with it. Thus, in this TTAC-reader-contributed image, we have a FIAT Seicento — the absolute exemplar of “crappy Euro commuter” — and, rather than a Valkyrie or guy with a Fast and Furious sword on the side, we have the humble snail. Slow is good! Ask any hipster.
An article in Automotive News lavishing praise on the Chrysler/Fiat merger of equals marriage inadvertently spilled the beans on a couple upcoming products from Marchionne’s minions.
Tesla Motors has almost used up funds from a Department of Energy loan program – but the startup car maker also says that they’ll start paying back the money at the end of 2012.
The tempo of Porsche’s global growth slowed to 7.2 percent in April on sales of 12,588 units. This is down from the 12.6 percent gain the folks from Zuffenhausen racked up from January to April. “What do you expect, European malaise,” is the knee-jerk reaction.
The surprising malaise is elsewhere, further east, much further east. Read More >
Some of you are probably tired of the continuous reporting on car sales in China. Executives of the world’s biggest carmakers think otherwise. Without China, their companies would be also-rans. General Motors for instance says it sells more cars in China than back home. January through April, GM reports 972,369 sales from the Middle Kingdom, versus 821,707 in America. Getting a firm hand on sales in the world’s largest car market is important, but difficult. The tear out from a table published by Reuters illustrates this vividly – to the numerically unchallenged. Read More >
Has Mini’s over-propagation of vehicles gotten so bad that we’re actually cheering when a new special isn’t a silly two-seater or pseudo-crossover? The Mini John Cooper Works GP may be overpriced, but at least it’s got its heart in the right place.
This being metro Detroit, you’d think that weekly car meets would be thick on the ground. But, perhaps because I spend too much time attached to a computer, I’m not aware of one in the northwest suburbs. So I was quite happy to trip across the inaugural event of the “Copper Canyon Classics” on Saturday morning at the Copper Canyon restaurant in Southfield, MI.
Even as the wagon Gods smile down upon on this Mother’s Day, BMW’s announcement of an all-new 2013 3-Series Wagon still has us waiting with bated breath with the announcement of not one but two diesel powertrains.
Nissan isn’t the only company to get an outrageously priced performance SUV this month – Infiniti will be pricing its FX Sebastian Vettel Edition at $120,000 euro, or about $160,000.
Bill Cosby’s farewell to Carroll Shelby.
If GM’s Opel would have a jobs bank, its accounts would be bulging. Opel has far too much capacity for far too little sales. The situation at Opel “is more dramatic than thought,” writes Germany’s Focus Magazin. The magazine got is hands on confidential production plan (most likely leaked by interested parties,) and the numbers are horrific. Read More >
Good news for armchair brand strategists: Porsche’s race to the bottom (of the price range) has been cancelled. There will be no entry-level roadster below the Boxster, Porsche CEO Matthias Müller told the Stuttgarter Zeitung today. It’s not that there won’t be lots of new customers for the bargain-Porsche. Current customers don’t want their brand to be devalued and debased, Müller says. Read More >
Ford wanted to hire Carlos Ghosn instead of Mulally. Ghosn said no. Kerkorian wanted Ghosn to save GM, Wagoner prevented it. For you, dear TTAC reader, Carlos Ghosn is available.
Chief of Nissan and Renault, Ghosn is the ultimate rock star of the industry. He is the master of the unprepared remark. Any of his statements, delivered with French-Brazilian-Lebanese flair and his trademark gesticulations, is more profound than thousands of PowerPoints delivered by overpaid management consultants. Today, absolutely free of charge, Carlos Ghosn lets us in on the secrets of running a successful car company. Read More >
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