Toshihiro Suzuki, executive vice president of Suzuki said Volkswagen conducting a review of their troubled marriage is “a step forward.” He quickly added  that Suzuki had not heard any details, says Dow Jones via The Nikkei [sub].

“Our cooperation is based on the premise of being equal partners,” said Suzuki. “We’ll wait to hear from Volkswagen to confirm that the review under way is being carried out with this idea in mind.”

This doesn’t sound like the remarks of a partner who is ready to kiss and make up & out. Read More >

GM has announced its Q2 earnings [Analyst slides in PDF here], and the firm has recorded a healthy $2.5b profit for the quarter on strong North American performance and an end to losses from the European Opel division. In fact, on an EBIT (earnings before interest and taxes) basis, all of GM’s global divisions were in the black last quarter, although GM Europe and GM South America both recorded modest $100m gains and GMIO (which includes the lucrative Chinese market) recorded a $600m EBIT. The powerhouse continues to be GM North America, which recorded $2.2b in EBIT, continuing North America’s post-bailout importance as the driver of GM’s financial results. Globally, a $600m reduction in EBIT due to costs and “other” was offset by the same amount of gains in volume/mix, while pricing added a billion dollars to overall EBIT. And though fleet sales were up in North America, incentives for the quarter appear to have hit record lows. [Hit the jump for global deliveries and market share/fleet data, via GM’s financial highlights release].

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GM’s North American boss Mark Reuss released this, the first official teaser image of the 2013 Cadillac ATS, at the Management Briefing Seminar in Traverse City this morning. Previously we’d had only an under-the-skin look at what appears to be the ATS along with the usual mule shots, but this teaser doesn’t cast a whole lot of light on the situation. I mean, frankly, it just looks… like a Cadillac. Between this shot and the dire rumors surrounding the ATS’s Alpha Platform development, I feel like I’m beginning to understand what GM CEO Dan Akerson meant when he said that this ATS and Caddy’s new “flagship” XTS

are not going to blow the doors off, but they will be very competitive.

Voters in Bellingham, Washington are likely to have the final say in whether or not to continue using red light cameras and speed cameras. A Whatcom County Superior Court judge yesterday threw out the attempt by photo enforcement vendor American Traffic Solutions (ATS) to immediately block the measure from being considered. The court believes ATS has an uphill battle to prove its case.

“ATS has not demonstrated that it will suffer immediate and irreparable injury if the temporary restraining order is not granted,” Judge Steven Mura ruled. “ATS’s motion for a temporary restraining order is denied.”

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“TWO HUNDRED BUCKS? Are you serious? That doesn’t sound like enough money.”

No, dear readers, I wouldn’t last ten minutes in the “World Series Of Poker”. I can’t bluff and I usually speak my mind before using that mind to think about the consequences of what I’m saying. In this case, however, it didn’t matter. The guy across the table from me at dinner was bound and determined to sell me his nine-year-old, good-condition, no-options-but-new-tires-all-’round, Plymouth Colt four-speed for the very reasonable price of two Benjamins.

How could I say no?

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Edmunds Autoobserver reports that Tesla CEO Elon Musk revealed in today’s Q2 analyst call that

“we’re in discussions with [Toyota] for a deal that is an order of magnitude larger than [the previous, $100m deal].” A Tesla official later confirmed to AutoObserver that by “order of magnitude,” Musk was stating that the 8-year-old company was discussing a $1 billion deal with the world’s largest automaker.

Holy Shnikeys! Check out Tesla’s Q2 shareholder letter here.

[UPDATE: So, what’s going on? Toyota Japan reps are on break until Saturday, and we’re still waiting on word from ToMoCo’s US operations. Ask us to speculate, and we’d guess it has something to do with the NUMMI plant Toyota sold Tesla (the joint Tesla-Toyota RAV4 EV will be produced and sold to the public, but a plant has not yet been named. A joint venture at NUMMI makes sense because Tesla can’t fill it to capacity alone. On the other hand, Wards reports that Toyota may be leaning towards Ontario as a production site for the RAV4 EV). Tesla and its CEO Elon Musk aren’t saying anything for now either. Musk was last seen talking about saving humanity by helping it become a multiplanetary species… let’s just hope we find out something else about this “billion dollar” deal before Elon decamps for Burning Man later this month.]

Infiniti’s Essence Concept has been making the rounds since 2009, generating all kinds of speculation about its production possibilities. In fact, so desperate are the autojourno hordes for a GTR-based Infiniti halo car based on the Essence, that CAR magazine recently asked Carlos Ghosn if Nissan were working on such a car, and interpreted the following answer as a “maybe.”

The idea makes sense. The technology is here, the platform is here. It’s a great car, the GT-R. Is it a project now? No. But I don’t want to give you the impression we’ll never do that. But I don’t want you to think that it’s coming in the next two to three years either.

Yeah, that’s definitely a “no, but you’re just too adorable to disappoint.” Anyway, little did anyone guess that the Essence’s chief function (besides wowing show-goers) would be lending its sleek schnozz to the facelifted 2012 Infiniti FX crossover… and yet here it is. Who could imagine that a big-volume crossover would be a higher priority for a luxury brand than a range-topping super-coupe?

[Ed: Part one of Steve Lang’s updated used car buying guide is here, part two is here.]

You can rigorously apply the tests described by previous installments of this series without encountering a single setback. However when it comes to buying a used car it pays to assume one simple salient fact: you don’t know the complete truth. At least not yet.

When it comes to pursuing the deeper truths about a used car an experienced mechanic will inevitably become your greatest ally and advocate. For most consumers finding a knowledgeable mechanic will be the most important step in the used car buying process.

Before we talk about that, I want to be perfectly clear on this point. A used car is guilty until proven innocent. Do not buy one without taking the car for a professional inspection. If the seller doesn’t agree to let you do so you’re done. Period. No exceptions. Ever.

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Photos courtesy of Cars In Depth

About a year ago TTAC ran a two part piece of mine on Carroll Shelby’s Cobra and Bill Thomas’ Cheetah, which some say could have been Chevy’s parry to Ford’s Cobra. The formula was pretty much the same, put a big block engine in a lightweight tube frame car, covered in a minimal but viscerally sexy body. The Cheetah is derivative. I see elements of E Type Jaguar, Devin, Cobra Daytona Coupe, and maybe some Corvette, but it works very well for me and is a very distinctive shape. Thomas, though, didn’t originally intend the Cheetah as a racer, but rather as a boulevard cruiser, so the frame and suspension weren’t really up to competitive racing. While the Cheetah won eleven SCCA races, it never developed a racing pedigree like the LeMans winning Ferrari vanquishing Cobras. Then GM stopped selling Thomas engines and he decided to walk away from the project.

A few replicar companies today offer Cheetahs in various stages of construction. The car has a bit of a following because of plastic models and slot cars back in the 1960s. Unlike the other firms building Cheetahs,  Robert Auxier established a relationship with the late Bill Thomas and was licensed by Thomas to build up to 100 “continuation” Cheetahs, made by BTM in Arizona using the original molds and fixtures. For safety reasons, the original’s spindly frame was replaced with one made of larger tubing that is 33% stiffer, brakes were upgraded to modern units and the suspension was made fully adjustable. Auxier made a run of 31 cars before the severe recession put a damper on all kinds of car sales, not just hand fabricated high end replicars. It’s not clear if he’ll make any more but don’t worry, recently two of those 31 cars have come up for sale on eBay, a coupe and a convertible, according to Autoblog. Sorry if you had your heart set on a Cheetah roadster, the convertible has been withdrawn from sale but the coupe is still available. I know, I saw it in person this afternoon.

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Tata’s Nano was launched with much fanfare in 2009, as the world’s cheapest car and a symbol of India’s automotive and economic aspirations. But first Tata had problems with its factory, which was to be built on land [allegedly] stolen from local farmers. Then, early last year, the cars started catching fire and refused to stop. Then finance was the issue, and when Tata revamped its finance, advertising and retail presence, it looked like things were beginning to improve. It turns out the bump was short-lived. After hitting 5k monthly sales last December, volume has fallen again dropping to 3,260 units in July (1/8th the volume of its main rival the Maruti Suzuki Alto) according to indiancarsbikes.in, which reckons

Startlingly, the most fuel efficient petrol car in the country, which is the most inexpensive too isn’t finding takers in a market troubled by high petrol prices and rising loan interest rates, that is clearly favoring cheaper and more fuel efficient cars… the market isn’t biting and the Nano sales have begun the downward spiral, this time continually.

So, what’s Tata going to fix to get its attempt at “India’s Model T” back off the ground. How about “everything”?

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Despite the fact that no transplant automaker has admitted to being in direct talks with the UAW, union boss Bob King told the Center for Automotive Research’s Management Briefing Seminar [via Reuters]

The vast majority of the assemblers here in the United States have at least agreed to confidential discussions. We’ve had productive discussions. The last thing we want is confrontation.

So, the issue isn’t that the transplants are all responding to the UAW’s overtures like Honda, which has said

Honda has had no dialogue with the UAW and has no interest in a discussion with them.

No, talks are happening with the “vast majority” of transplants… they just happen to be secret talks (which, at least in the case of VW, appear to be going nowhere). That in itself is strange, considering the UAW’s previous, highly-public approach to naming and shaming non-union transplant manufacturers. More likely: secret talks keep the union from losing face and the transplants from looking like “human rights abusers.” My how things change fast…

Swedish Automobile NV, the artist formerly known as Spyker, and owner of struggling Swedish car maker Saab, said today it plans to issue new shares to raise cash in order to meet overdue payroll. Response of the union: “Show me the money.” Read More >

Jackson writes:

I own a 2001 Nissan Maxima and a 2006 Corvette, both purchased new w/cash. I know the Maxima with 105,000+ miles has had two ATF services, which included the “dreaded ATF Flush”. So far the thing keeps running, only issue (unrelated) was a Cat replacement (99,000) and 3 O2 sensors around the same time.

The 2006 Corvette at 5 years and 42,600 miles is due for a coolant service and I see that the ATF service is 50,000 (harsh) or 100,000 (normal). So far expenses have been limited to gas, once a year oil changes and a set of tires at 26,000 due to some aggressive driving, aggressive factory camber settings and a shard of metal. It’s been spotless so far besides a squeaky roof panel which has been solved by periodic application of Super Lube to some contact points. Should I do an ATF flush for the vette? It would be a BG machine. It’s a warm weather commuter for me (42 miles round trip per day of which 26 is highway miles on which avg. speed 75 mph which is just 3 days a week).

I have taken it on 6 long trips over the years as well as weekend cruises. I do use the paddles about 30% of the time, but do not really hoon it so much the past 2 years after getting 3 speeding tickets in 6 month period…which I fought and is another subject. So please advise.

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Hundreds of Houston, Texas residents swarmed the city council chambers yesterday to complain about the reactivation of red light cameras. Voters in November enacted a charter amendment banning the use of automated ticketing machines, but a federal judge worked with the city attorney and vendor American Traffic Solutions (ATS) to nullify the election so that the cameras could come back.

“Ever since I was a little kid I was told this was the greatest nation in the world and it was great because I had a vote and my vote counted,” resident Terry Dry said. “It appears my vote does not. I’m asking y’all as our elected leaders, we voted. Turn them off. And if you’re not going to do that, I would like to know where each council member stands on the issue so that we can get some people in here who will do the people’s will in the next election.”

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Despite solid gains at most brands, losses at tsunami-afflicted Honda and Toyota were sever enough to reduced the July bottom line of U.S. auto sales to a tepid 1 percent gain. The seasonally adjusted annual sales rate (SAAR) for July stands at 12.24 million units. The pent-up demand is still in hiding, but automaker have not given up the hope for its return:

“There are people who put off vehicle purchases because of uncertainty about fuel prices, vehicle availability and the economy,” said Don Johnson, head of U.S. sales for GM, told Automotive News [sub].  “As these conditions improve in the latter half of this year, many of these buyers will return to the market.”

Others take a more cautious stance. Read More >