Is it an Elantra? A Sonata? The answer is neither… this is the sedan version of Hyundai’s “Mr Euro” i40, which launched first as a wagon. It’s the “Korea-Passat” that hopes to show up the “Kraut-Passat,” while taking the brand into the entry-premium space that the Passat CC helped define. And it looks every bit as good as you’d hope an Elantra-Sonata mashup might. Meanwhile, Euro-phile car lovers the rest of the world over now get to deal with the strange phenomenon of having to lust over Hyundai’s forbidden European fruit.
Saab’s deal with the Chinese automaker Hawtai has failed in a predictable manner, as the struggling Chinese partner apparently didn’t receive government approval for the deal. Saab-Spyker’s announcement of the deal’s collapse explains [via AN [sub]]
Since it became clear that Hawtai was not able to obtain all the necessary consents, the parties were forced to terminate the agreement with Saab Automobile and Spyker with immediate effect. The parties will continue their discussions about a possible cooperation, however now on a non-exclusive basis
This isn’t the first time that the Chinese takeover of a Western brand failed due to the Chinese government’s insistence on industry consolidation, as the Hummer-to-China deal failed for similar reasons. Meanwhile, we should have seen this coming a mile away…
Further on today’s results conference at Nissan, I could regale (or most likely bore) you with what you will hear from just about any Japanese carmaker, and possibly from non-Japanese carmakers as well: Last year was a good year, the March 11 tsunami makes this year a challenging year, but what will not kill us makes us stronger, and in ancient China, crisis and opportunity were one and the same.
Now this is Nissan and Carlos Ghosn who has bet a farm in France and one in Japan on the future of the electric car. Ghosn made a few points today that are well worth noting. He talked about nukes, CO2, blackouts – and batteries.
Backroom dealing will determine whether speed camera use will become common in Missouri. The General Assembly yesterday agreed to convene a conference committee to iron out differences between House and Senate-passed versions of an omnibus transportation bill that cleared the state Senate on Tuesday. Among the the items up for debate is language that would allow any governmental jurisdiction to set up as many photo radar units as it pleases without any meaningful limitations on use.
“Building on the well-received 911 Carrera GTS with its extra power, visual panache and extensive extras for an attractive price, Porsche today announced the 911 Carrera 4 GTS.”
“The extra all-weather performance, visual muscle and standard equipment of the 911 Carrera 4 GTS comes at an attractive price. On sale this fall, the 911 Carrera 4 GTS Coupe will be available in the US at a base MSRP price of $110,200 while the 911 Carrera 4 GTS Cabriolet will be priced at $120,100.”
Not even Hyundai mentions “attractive pricing” so often in their press releases. Click the jump for the details and a much better way to spend your money.
Nissan CEO Carlos Ghosn treated reporters to his trademark Gallic body language and quick-witted repartees during the presentation of the fiscal year 2010 results today at Nissan’s swank waterfront headquarters in Yokohama. Ghosn delighted stockholders and analysts with the news that Japan’s #2 automaker made a net profit of 319.2 billion yen (US $3.72 billion) on net revenues of 8.7731 trillion yen (US $102.37 billion). Operating profit was 537.5 billion yen (US $6.27 billion). Ghosn created much happiness by announcing that the last quarter of the fiscal year, which ended on March 31, resulted in an operating profit of 88.6 billion yen ($1.1 billion), also exceeding expectations. Read More >
While 3D has been getting a big push from Hollywood and the video game and television set industries, consumers have not yet wholeheartedly embraced 3D when it comes to home tv. Stereo photos and videos can be visually stunning and emotionally evocative, but for many people 3D is a no-starter because current 3D tv requires using special glasses of one kind or another. It’s possible though, that consumer acceptance of 3D may come from an unexpected area, the automotive sector. While the technology for autostereoscopic, glasses-free, displays exists right now, there are cost, distance, and viewing angle issues that keep them from being currently applicable for home television sets. Those issues, however, may not exist for automotive applications. In fact, 3D technology is advancing so rapidly that cars may present particularly appropriate applications for the current state of the 3D art.
BMW’s Dreier continues to be the dominant force in the smaller “mid-luxury” segment, while archrival Mercedes controls the large luxury segment (chart after the jump) with its E Class. But the bigger story? Lexus’s incredible vanishing act, with both the ES and IS drooping under the German onslaught. Cadillac’s CTS beat the Audi A4 sedan, but add the A5 in (as the CTS, 3-Series and G37 all include coupes) and the Caddy drops to fourth place for the month. Ultimately, though, the Mercedes, Audi, Cadillac and Infiniti may switch places month-by-month, but all four are clearly stuck vying for the role of best 3-Series alternative. Meanwhile, the large luxury sedan market would thrill for even that level of competition…
Rated at between 21/28 (2.5l, manual) and 27/34 (2.0l, auto), the Nissan Sentra is a fairly efficient car, albeit rapidly falling out of contention with its new 40 MPG competitors. Using a computer simulation, the developers of the “split-cycle” Scuderi engine showed that their unique, downsized, turbocharged engine can improve up to a 35% improvement in a “stock” Sentra’s fuel economy, when paired with the firm’s AirHybrid system. It’s not clear, even after listening to a podcast with VP Steven Scuderi, which engine-transmission combination was simulated as the “stock” baseline, but for practical purposes the best-performing Scuderi engine (tuned to match the “stock” engine’s power) achieved between 40 MPG and 32 MPG combined (around 50 MPG CAFE combined, or approaching the 2025 standard). Or, not. The EPA city test reportedly does not show improvements with idle fuel shutoff (stop-start), but Scuderi’s simulated stop-start system shows a 14% improvement over the non-start-stop “stock” Sentra on the same FTP-75 test. Was Mazda bluffing (it’s since said it would bring stop-start to all its cars), or is Scuderi’s simulation off? Scuderi (which has nondisclosure agreements with 11 OEMs and is in discussions with 4-5 more) says it will release more information next week at the Engine Expo 2011 in Stuttgart, Germany.
Apparently possessing the institutional memory of sperm, the auto media is once again trotting out the 50-year-old rumor that will never die: OMG, the new Corvette is going to be mid-engined! Or, as we are so fond of saying around here, not. The madness started earlier this week, when GM North America boss Mark Reuss blew his dog whistle by hinting that the C7 Corvette would be “completely different.” The media needed no further encouragement to trot out the mid-engine rumor once again. As Paul Niedermeyer has pointed out, the mid-engined ‘vette speculation has been an industry institution since Zora Arkus Duntov posed proudly with his CERV I concept in 1959. Besides, Corvette engineers have been emphasizing the C7’s evolutionary nature for some time. Reuss’s hints could be about something as mundane and pre-signaled as a split rear window, or as out-there as Two-Mode hybrid option. Hoping for more is, I fear, would amount to a failure to learn the lessons of history.
That extra money for 10,000 E15-capable pumps? That’s because no gas station owner will pay to install a pump for a kind of fuel that only cars built since 2001 can use… and which the auto industry has tried to ban. And why E15 in the first place? Because blenders can’t sell enough E10 to blend the government-mandated amount of ethanol and collect their $6b this year in “blender’s credits” to do so. A subsidy to support a subsidy which in turn props up yet another subsidy (I may have missed a subsidy in there somewhere). You can’t make this stuff up.
The “cornerstone” subsidy that all other ethanol subsidies support is the Volumetric Ethanol Excise Tax Credit, or VEETC, or “blender’s credit,” a $6b per year subsidy that directs 45 cents to refiners for every gallon of ethanol they blend with gasoline. The VEETC nearly died in December’s lame duck session, only to be revived as a way to buy votes for the President’s tax policy. Now, however, The State Column reports that a bipartisan Senate bill has been introduced that would eliminate both the VEETC and import tariffs on foreign-made ethanol. And with a rash of bad news coming out about ethanol, this could just be the opportunity to kill this wasteful government subsidy with fire.
Jefferies is one of those starchy global investment banks and institutional securities firms where a two tone collared shirt is their idea of casual Friday. It is also a place where highly paid financial analysts outsnark the most ruthless TTAC writer, Yesterday, Jefferies sent its “Jefferies institutional clients that include investment managers, insurance companies, hedge funds and pension funds worldwide” a research note that my pal who owns a hedge fund volunteered to share with TTAC readers, as long as we guarantee full anonymity. No problem.
The note is titled “Is GM Turning into a Busted Thesis?” and deals – you guessed it – with the GM stock. H. Peter Nesvold, CFA, and Thomas Fogarty, CFA, both equity analysts at Jefferies, are underwhelmed by the GM share. Read More >
As the graph above [via NHTSA’s latest CAFE data, in PDF here] shows, passenger car fleet economy has actually leveled off after a brief spike in recent years. Possibly even more surprising is the fact that imports spent a portion of the last decade actually beating the imports in passenger car economy after a 20+ year slide in import CAFE performance [more long-term fuel economy charts here]. These trends illustrate that the sides in the emerging “Battle of 62 MPG” may not as easy to characterize as you might think… as does a new hint from NHTSA about the shape of future CAFE increases. According to the Detroit News, NHTSA is signaling that
it is researching the impact of raising fuel efficiency in the 2 percent to 7 percent annual range.
The agency said it has “tentatively concluded” that 7 percent annual increases is the maximum that is technically feasible.
Before it sets a requirement, NHTSA must take into account a number of factors, including the costs of the regulation and safety impacts.
NHTSA and the Environmental Protection Agency said previously they are working together on 3 percent to 6 percent annual increases.
The high end of that range would result in the much-discussed 62 MPG by 2025 standard, an achievement the government insists would only cost as much as $3,500 per vehicle. The industry points to cost estimates closer to $10,000 per vehicle for that level of CAFE increase. The battle continues…
When I arrived at Toyota’s downtown Tokyo basement conference room, I bumped into Toyota spokesman Paul Nolasco, who was in the grips of stage fright. Annual results conferences with the world watching can do that to a spokesman. Trying to cheer Paul up in my charming way, I said: “Come on Paul. This one will be great. It’s the next ones that will be rotten as hell.” Paul gave me a pained look.
When I left an hour and a half later, I had changed my mind. Toyota will survive this crisis just like it survived the previous two: Stronger. Not unscathed, but not as badly affected as some officially fear and silently hope. What may not survive are Japanese jobs. Read More >
While 3D has been getting a big push from Hollywood and the video game and television set industries, consumers have not yet wholeheartedly embraced 3D when it comes to home tv. Stereo photos and videos can be visually stunning and emotionally evocative, but for many people 3D is a no-starter because current 3D tv requires using special glasses of one kind or another. It’s possible though, that consumer acceptance of 3D may come from an unexpected area, the automotive sector. While the technology for autostereoscopic, glasses-free, displays exists right now, there are cost, distance, and viewing angle issues that keep them from being currently applicable for home television sets. Those issues, however, may not exist for automotive applications. In fact, 3D technology is advancing so rapidly that cars may present particularly appropriate applications for the current state of the 3D art.
As the graph above [via NHTSA’s latest CAFE data, 
Recent Comments