Following the many inter-company alliances and dalliances is becoming as cumbersome as covering the couplings in a swing club. PSA Peugeot Citroen is said to be in talks with Toyota. The same PSA that just hooked up with GM is reportedly talking tie-up with GM’s arch nemesis Toyota. They discuss sharing PSA’s Sevelnord plant in northern France, where PSA’s erstwhile partner Fiat pulls out. Still with me? Read More >
Opel’s supervisory board meeting ended with nothing. All the board, which consists of 50 percent labor and 50 percent of what is called “the equity side,” could agree on was that revenue, costs and margins are important. It’s good they have figured that out by now. Plant closures have been tabled. There is no sense in announcing them now anyway – plants cannot be closed before 2015. Read More >
A year ago nearly to the day, I was investigating the connection between Libyan dictator Muammar Gaddafi and Fiat. With an American-led intervention in Libya underway, Reuters had reported that a Wikileaked State Department document revealed that the Libyan Government owned a two-percent stake in the automaker Fiat as recently as 2006. When I contacted Fiat’s international media relations department for comment, I received this response:
Dear Mr Niedermeyer,
Further to your email, I would mention that the Reuters report you refer to is incorrect. As too are other similar mentions that have appeared recently in the media concerning the LIA’s holdings in Fiat.
The LIA sold all of its 14% shareholding in Fiat SpA in 1986 – ten years after its initial stake was bought. It no longer has a stake in Fiat SpA.
I trust that this clarifies the matter.
It didn’t, actually. In fact the matter remained as clear as mud to me until just now, when I saw Reuters’ report that Italian police have seized $1.46 billion worth of Gaddafi assets, including “stakes in… carmaker Fiat,” under orders from the International Criminal Court.
Read More >
Anyone looking for a Ford Taurus SHO with a bit more room and towing capacity have their prayers answered with the Ford Explorer Sport.
Our own Ed Niedermeyer recently penned an excellent and well-thought-out article involving the whole Fiat-Chrysler imbroglio. Now, I don’t work for Fiat. However, I do live in, arguably, Fiat’s most important production center. You can’t go anywhere without running into someone who works at Fiat. Heck, Fiat owns 50% of the car market in my city! Read More >
GM has turned its Ellesmere Port plant into “a no-go area for media amid ongoing speculation over its future,” says The Guardian. Staff and suppliers have been told to avoid reporters. “Attempts to photograph Astras awaiting delivery at the site’s distribution centre prompt a visit from security guards who ask the Guardian to desist,” says the paper. Read More >
Ontario’s 2012 budget was released this morning, and while the United States under the Obama administration seems intent on boosting subsidies for alternative fuel vehicles, including EVs, those in the Great White North’s most populous province are able to see the writing on the wall with regards to EVs.
Renault has realized a new trend: Imports are hot in Japan. Nissan established a new company, Renault Japon Co., Ltd., to import and sell Renault vehicles in Japan, effective April 2, 2012. Previously, Renaults were sold in Japan by a division of Nissan.
While American automakers sit sulking in a corner and complain about mythical import restrictions to Japan, European makers are looking back at a great year exporting their cars to the island nation. While the Japanese market as a whole dropped 14 percent, imports to Japan rose 22.5 percent. Read More >
When do wholesale prices equal retail prices?
Think about it for a second. When do the prices of a consumer good become so expensive that there is virtually no markup?
Here are a few scenarios that I can come up with… given what I’ve seen at the auto auctions these days.
1) Extreme shortage of product and too many wholesale buyers.
2) Most everyone buying the product is financing it to sub-prime customers who only care about ‘the monthly payment’.
3) You have enough seasonal dealers, overseas buyers, and funny money that the laws of economics no longer apply.
Now having said that, I ended up buying five vehicles at one sale recently. My purchases were…
Go online to Pinterest, the newest social network for sharing photos and other content and you’ll see. The automobile is far from dead – even on a site supposedly dominated by females. Economy cars are largely absent. Exotics, luxury cars and most importantly, classic cars make up the majority of the posts, or “pins”. BMW 2002s, vintage Ford Broncos, Porsche 356s, muscle cars of all types and stripes and of course, the ineffable coach-built Ferraris of the 1950s and 1960s comprise a substantial portion of the automotive photos being shared on Pinterest as well as Tumblr, another content sharing service.
The “made for China” Buick Encore won’t be the last gawky micro-crossover put out by General Motors. In addition to the Encore and the Opel Mokka, it looks like Chevrolet will join the party too – perhaps what should have happened right from the start.
Today, the Supervisory Board of GM’s ill-fated Opel division is meeting. For the first time, the unions are in the majority on the board. In addition to half of the seats in the boardroom being occupied by representatives named by labor, UAW boss Bob King is taking part in the meeting. It is unlikely that King’s vote will strengthen the labor side. King comes as an emissary of GM, where the UAW, through VEBA, owns 10 percent of the stock. Representing the capitalist side of the equation, King will have to vote for job losses and plant closures. If not today, then soon. Read More >
The Detroit News is reporting that the company that electrifies Ford’s Transit Connect Electric vans, Azure Dynamics, AZD, has filed for bankruptcy and suspended the production of the small battery electric van. Azure Dynamics announced that 120 employees, including 50 at their Oak Park facility just outside Detroit where AZD performed the conversions, have been laid off. So far about 500 Transit EVs have been made since late 2010. There is no word if the company will be able to restart production.
I’m pretty good at taking tests. The problem is, with some tests that you take, success is not attained by giving the logically correct answer but rather by regurgitating the answer the test giver wants. I forget that sometimes. When the Michigan Secretary of State’s office told me that I needed to take a written test to continue to have the privilege of driving, on one question I forgot the proper test taking strategy was to determine what some bureaucrat in Lansing wanted me to think. Instead I just read the question, parsed its logic, and gave the same answer that I’ve given my now-adult children concerning the same driving situation. Wait. That’s a fib. I didn’t just read the question, parse etc. The question and possible answers intrigued me enough that I jotted them down on an envelope I had with me. They were unclear enough that I wanted to run them by the other TTAC writers and the Best and Brightest to get your opinions. Here’s the question:
Q. If you cannot stop before hitting another vehicle it’s usually best to:
Toyota released a teaser of a new sedan with an “…elegant yet athletic look.” The sedan is apparently a production ready car and not a concept and if it really is the new Avalon (what else can it be) it looks like that the stodgy old retiree-mobile is getting some youthful new duds. Sort of like seeing your Grandpa wear Air Jordans because he bought them for $29.99 at Marshall’s. Except this time, it seems to be intentional.
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