Category: News Blog

By on December 4, 2011

Despite still not having been amalgamated into the sprawling Volkswagen empire (blame the lawyers,) Porsche wants to do its share for Volkswagen’s all-out assault to the top. According to Strategie 2018, sorry, make that according to “Mach 18,” the Volkswagen empire wants to be on top in all respects before the decade ends. A small sports car company with barely 100,000 units won’t bring much volume, but they will try as much as they can.  “Porsche aims to double its annual U.S. sales within seven years by dramatically expanding its product lineup — while maintaining its U.S. dealer body at almost the same size,” Automotive News Europe [sub] reports.

Porsche won’t even shy away from the unthinkable – like bringing diesels to America. Read More >

By on December 4, 2011

After the tsunami had hit Japan, Monday morning production experts said that production must be spread over many places in the world, just to be safe. Mention this to people at Honda, and they’ll strangle you in a polite Japanese way.

The Nikkei [sub] writes that Honda will temporarily shut down its plant in Taiwan, because it is lacking parts coming from Thailand. Honda says: Read More >

By on December 3, 2011

For quite some time, Carlos Ghosn had been the booh-leader against the strong Japanese yen. At the sidelines of the Tokyo Motor Show, he launched into his so far strongest worded tirade against the “abnormal” yen. He told the Japanese government to learn from the Swiss, and to basically peg the yen to another currency. Read More >

By on December 3, 2011

TTAC readers certainly were fascinated with the fascination with white wall tires on the part of the Chinese military (the white is just painted on, don’t worry, and the paint easily comes off.) Now for something REALLY whacky:

What about pink tires under your pink Ferrari California? In China, this is made possible by Double Star Tires from the great city of Qingdao in Shandong province. Double Star developed a patented process to make tires in any color. Fittingly, this new product is called ‘Rainbow.’ The bonbon-colored tires will hit the market soon and likely with great success. At least in China. Read More >

By on December 3, 2011

There was a time when car salesmen had to sit in dark windowless rooms and watch the worst infomercials ever imagined. Take for instance…

Read More >

By on December 2, 2011

We at TTAC get our fair share of complaints once in a  while. (They usually start with a “b” and end in “ias.”)

We are nothing compared to Jeremy Clarkson of Top Gear.  The likewise UK site Carbuzz chronicled the biggest complaints against Clarkson.  According to The Guardian, “Clarkson, who flew out to China to film a new series of Top Gear as the row erupted on Thursday, issued an apology.”

By on December 2, 2011

Is Saab betting on being saved by a man with a mile log rap sheet? We are not talking Vladimir Antonov. We are talking Alex Mascioli.

On Wednesday, Swedish Automobile N.V. including Saab Automobile AB published its 3rd quarter 2011 report. It is a report written in red ink. It talks about the well documented troubles with China and GM. It mentions that there is “a memorandum of understanding for a conditional agreement for the sale of Spyker Automotive business to North Street Capital with net proceeds for Swan of EUR 32 million.”

The report then says:

“The future of Swan will depend on the outcome of these negotiations.”

A lot has been written about the Chinese aspect. Very little is known about the mysterious North Street Capital, LP, of 500 West Putnam Avenue, Suite 400, Greenwich, Connecticut 06830. Some claim it works out of a virtual office. The company is so discrete that its website shows a white page (at least on my browser.) What is known is that the alleged hedge fund is owned by an alleged car enthusiast (aren’t we all) by the name of Alex Mascioli. His track record in the world of car racing and the world of finance is sketchy at best. Whoever hinges the future of Swan on Mascioli and North Street Capital should do some due diligence.

The State of Connecticut has a long rap sheet on an Alexander Mascioli, born in 1975. Read More >

By on December 2, 2011

The German new car market appears to be unimpressed by the European tribulations. Germans bought 269.144 new cars in November, up 2.6 percent compared to November 2010. This according to registration data released by the German Kraftfahrtbundesamt.

Read More >

By on December 2, 2011

Regular Vehicle Sales Japan November 2011

Manufacturer Nov ’11 Nov ’10 Change FYTD’11 FYTD’10 Change
Daihatsu 296 257 15.2% 2,874 5,621 -48.9%
Hino 3,068 2,540 20.8% 30,792 26,617 15.7%
Honda 32,777 32,294 1.5% 347,587 457,669 -24.1%
Isuzu 4,185 3,270 28.0% 37,802 40,591 -6.9%
Lexus 3,795 1,938 95.8% 40,123 31,752 26.4%
Mazda 10,879 7,050 54.3% 135,236 166,853 -18.9%
Mitsubishi 4,550 3,026 50.4% 51,505 64,885 -20.6%
Mitsubishi Fuso 3,159 2,059 53.4% 24,448 22,669 7.8%
Nissan 39,470 31,486 25.4% 411,811 474,380 -13.2%
Subaru 4,841 4,396 10.1% 66,959 73,958 -9.5%
Suzuki 6,080 3,948 54.0% 71,007 54,483 30.3%
Toyota 120,305 96,874 24.2% 1,056,105 1,453,901 -27.4%
UD Trucks 955 559 70.8% 7,593 7,510 1.1%
Other 17,876 13,549 31.9% 183,272 169,161 8.3%
Total 252,236 203,246 24.1% 2,467,114 3,050,050 -19.1%

All things are relative: Now that we are comparing with absolutely dismal numbers in the preceding year, November car sales in Japan look downright healthy. Sales of new cars, trucks and buses were 252,236 units, up 24.1 percent from a year earlier in November, the Japan Automobile Dealers Association says. The numbers do not include sales of separately reported minivehicles. Read More >

By on December 2, 2011

November was a rough month on our analysts. The surprisingly strong showing of Chrysler threw everybody’s aim off. Real-time powered Jessica Caldwell of Edmunds takes the top spot again – but with a degree of precision that would have landed her back in the field in the preceding months. She won because the others did worse. Read More >

By on December 1, 2011

This time tomorrow I will be on an airplane, and for the first time in quite a while I will not be on my to some auto-related destination on behalf of TTAC. That’s right, I’m actually taking a vacation, which I will spend introducing my lovely life partner to the European continent and visiting family in my ancestral homeland of Austria. Of course, TTAC has become such a big part of my life that even my vacation will have a work-related angle: I’ll be spending each week with a different not-available-in-America car that I think should be of some considerable interest to you, our readers. But this is also just the first of two breaks that I’ll be taking from TTAC: in January, I’ll be stepping down as TTAC’s Editor-in-Chief for the calendar year 2012, to pursue a one-year opportunity outside of the field of automotive journalism. Even as I write those words, I can scarcely believe them… I’ve lived and breathed TTAC for so long now, it’s almost impossible to imagine life without it. But do not fear: not only do I leave TTAC in incredibly capable hands, I’m also not gone for good. You won’t be rid of me that easily.

Read More >

By on December 1, 2011

Sometimes, there are perks in this business. Yesterday, I had the biggest perk so far: I saw a  $375,000 (base) supercar in the nude. And I could ask the man who built the LFA what he was thinking. He thinks the LFA could change Lexus as we know it. Read More >

By on December 1, 2011

It’s been a few years since we last detected much of a pulse from Honda [Ed: in fact, Paul Niedermeyer declared Hyundai the “new Honda” in terms of engine technology leadership way back in 2009]. But just when we were wondering if all hope was lost, and that it might be time to pull the plug…signs of life. In Japan, for the Tokyo auto show, Honda has unveiled ambitious new powertrain plans [via Automotive News [sub]].

Read More >

By on December 1, 2011

In the comments section of yesterday’s post on the ongoing Chevy Volt fire investigation, I noted that GM might

retrofit Volts with crash protection that can maintain battery integrity in all crash conditions… Mary Barra has said that GM is

“continuing to work with NHTSA to investigate additional actions to reduce or eliminate the potential of a post-crash electrical fire.”

I think some kind of update on the battery integrity front is inevitable, but we shall see…

Sure enough, today Reuters is running an interview with GM CEO Dan Akerson, who says that European deliveries of Opel-branded Volts (called Ampera) would be delayed pending NHTSA’s investigation, and that maybe, just possibly, the Volt’s battery might have to be redesigned. Says Akerson:

We want to assure the safety of our customers, of our buyers, and so we’re just going to take a time out, if you will, in terms of redesigning the battery possibly

Unfortunately, Akerson’s mangled syntax makes it tough to know if GM is really going to redesign the Volt’s battery, or what the “time out” in question means. He does tell the AP [via The WSJ [sub]] that a recall or buyback are options as well. Though redesigning the Volt’s battery could be expensive and devastating for sales, GM’s current post-crash safety protocol is incredibly human resources-intensive, and likely very costly as well. And the fact that GM is even considering redesigning the Volt for safety a year after its release is going to create a huge sales and marketing challenge anyway. Volt production edged down by 199 units in November, and now GM’s sales boss Don Johnson tells the Detroit News that the Volt will miss its 10,000 unit 2011 sales goal. At this point, GM may just want to take a mulligan on the Volt’s first year, redesign the battery, and relaunch the thing.

By on December 1, 2011

It’s too early to tell exactly how much the market for new cars rose in November, but it’s looking like double digit growth going into the holiday season. And while some brands seem to have been naughty last month (Subaru, Porsche, Lincoln, Buick and Cadillac all saw sales drop year-over-year), November couldn’t have been nicer for the Volkswagen and Chrysler Groups, which grew their volumes by 40 and 45 percent respectively. The Chrysler brand alone improved its volume a whopping 92 percent over last November’s admittedly weak numbers… Fiat, on the other hand, is still on the train to Flopsville. GM, meanwhile, has run into some trouble, growing a mere 7 percent, as declines by Buick and Caddy were only barely offset by modest growth at Chevy and GMC. Lincoln continues to freefall towards oblivion, dropping 18 percent to a mere 6,305 units, but strong Ford brand growth brought the Blue Oval’s result up to  13 percent year-over-year gain. Hit the jump for our evolving sales chart. [UPDATE: Chart now complete]

Read More >

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