You want a McLaren? You know, the car made by the folks who usually only do Formula 1? All you need is exactly €200,000. Or $262,940 in today’s dollars. According to Automobilwoche [sub], that buys you: Read More >
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Thanks in part to the help of people from TTAC, TrueDelta received a record number of responses to October’s Car Reliability Survey—nearly 19,000. Updated car reliability stats have been posted to the site for 488 cars, up from 459 three month ago. There are partial results for another 370. These stats cover through the end of September 2010. Other sources of car reliability information will not cover the third quarter of 2010 until the summer or even fall of next year.
Among early 2011s, we now have full results for the Hyundai Sonata and Kia Sorento. Though in its first model year, the thoroughly redesigned Sonata has been better than average. This is not a given for Hyundai—the Genesis sedan with tech package and the Genesis Coupe both had glitchy first years. The Sorento has been about average so far.
As documented here, German carmakers mostly talk about EVs, but build very few. Volkswagen’s Christian Klingler even said that customers don’t want EVs, only governments do. He’s sure right about the government part. The German government prods its carmakers to get on with the building of EVs. Germany’s Economy Minister Brüderle (the very same that said no to Opel help) demanded “more tempo” in the EV department. The German government wants to see a million EVs by 2020. The government is worried that the Germans are missing the (electric) train. Just like the automakers, the government is a lot of talk, and little action. Read More >
Automotive News [sub] reports that October’s Seasonally Adjusted Annual Selling Rate (SAAR) hit 12.2m last month, making November the market’s second month back over the 12m mark since last year’s Cash For Clunkers-fueled buying spree. Analysts are calling the 12m mark an “important psychological level,” although sales appear to be essentially flat compared to last month. Check back for an updated chart as more automakers report their sales.
The Korean Development Bank, which owns 17 percent of GM’s GM-Daewoo Korean subsidiary, has been rolling about a billion dollars in Daewoo’s debt over on a monthly basis for most of this year. The debt, a legacy of a $2b+ loss on currency speculation. Now, The Korea Times reports that GM-Daewoo has paid back about a billion of that mature KDB debt, as GM-Daewoo boss Mike Arcamone explains
this action reflects GM Daewoo’s strong financial performance this year enabling us to make full payment on the outstanding facility … Full repayment of the credit facility will decrease the company’s future borrowing costs
The Japanese are usually first to report last month’s sales numbers. This time: Very bad. New car sales in Japan fell 30.7 percent in November. After Japan’s generous subsidies were withdrawn, the market is down for the third straight month, and there is no end in sight. Read More >
TTAC Commentator SupremeBrougham writes:
Hey Sajeev, I decided that I want to try my hand at throwing a Piston Slap topic your way: my grandparents gave me a 1995 Mercury Mystique LS that has been passed around our family since new. The car has 121k on it, but the motor (V6) has about 40k fewer miles and the trans (auto) now has around 15k total.
Here is my issue. When pulling out from a stop, the engine revs to almost 5000 rpm before shifting gears, regardless of how gentle I am with the gas. I want to have it looked at, but here is where it gets tricky for me. My grandfather, who worked for Ford in Transmission Engineering, and my uncle decided to take on the task of replacing the engine and trans in this car four years ago, as a final hurrah for my grandpa, as he is getting up in years. It took them six months, but they did it. The car went on to two more uncles before coming back to my grandparents, and then on to me. My grandpa gave me the car with the stipulation that I was not to put any more money into it. And if anything was to go wrong with it I am to bring it back for repairs. But I live almost 200 miles away, so that isn’t so easy.
Does the new BMW Six Series improve on Bangle’s wild-eyed vision of an avant-garde gentleman’s coupe, or is it as bland as the music it’s introduced to here? Personally, I’d vote for the latter, but then I always thought that the last Sechser was one of Bangle’s more successful designs, injecting some much-needed vitality in the otherwise ultra-conservative world of German full-sized coupes. But then I’m still decades away from being in the target demographic for the Six Series… what say you?
Both Toyota and the remains of its joint venture known as NUMMI have sued the remains of “Old GM” for breach of contract according to two separate reports in the Wall Street Journal [sub]. NUMMI is seeking $365m, claiming GM caused the collapse of the joint venture by unilaterally pulling out as it collapsed into bankruptcy, sticking Toyota and NUMMI with the bill.
Those decisions breached … commitments to Nummi and sounded its death knell,” said the lawsuit, filed last week. And unlike Toyota, GM’s bankruptcy estate “has refused to contribute to Nummi’s deficit during the wind down”
Toyota, meanwhile, is suing for some $73m in development costs for the Pontiac Vibe, a vehicle that GM was supposed to sell for another two years.
The Ohio Court of Appeals ruled on Monday that police do not need to obtain a warrant before attaching a GPS tracking device to anyone’s vehicle. The case arose after paid informants told the Butler County Sheriff’s Office that Sudinia Johnson was involved in selling cocaine. Acting on this information, Detective Mike Hackney attached a pager-sized GPS tracker to the undercarriage of Johnson’s white Chevy van.
The GPS unit uploaded information regarding the van’s location to a website that Hackney regularly checked. This information was used to follow the van from Chicago back to Ohio, with police prepared to make a traffic stop with drug-sniffing canines as soon as Johnson entered Butler County, as long as “they were able to find probable cause to make a stop,” according to Hackney’s testimony.
4:45am and I’m rolling down a chilly Ohio freeway, cruise control set to seventy-four, Pat Metheny’s Orchestrion saturating the interior with quasi-mechanical music. Up ahead is a GMC Envoy, doing perhaps sixty-eight. I pass him and return to the right lane. He speeds up. I’ve seen this movie before. Yup… settled right into my blind spot and matching my speed exactly.
I poke at the Town Car’s steering wheel and drop to seventy-one. He stays right in my blind spot. I poke at the wheel again and accelerate to seventy-seven. After perhaps a two-second delay, he’s right there with me again, invisible but for the glare in my mirror.
“F*** it,” I said, and started swerving wildly.
Well, now we know why Audi let VW have its trademark LED headlight “mascara”… it had even crazier headlights warming up in the bullpen. Here they are attached to some car that will reportedly be sold as the next Audi A6.
Yesterday’s discussion of Porsche’s identity as a pure sports car company (compared to an SUV-peddling luxury brand) was predictably emotional, so here’s the cold, hard truth. The Cayenne has been Porsche’s best seller in the US since its introduction, excepting a 911-happy 2006. Oh, and this year it’s on track to come in second… to the Panamera. Meanwhile, Porsche’s Boxster/Cayman duo has been dropping off since before the most recent recession even began, and 911 sales are approaching a 15-year low. Now that we know the facts, is there any debate about what would happen to Porsche if it stuck to its sports car knitting?
This morning General Motors held a press conference at its Detroit-Hamtramck Assembly plant to announce that the Chevy Volt was in production, on sale, and will start shipping today. The Volt goes on sale in seven initial markets, with a national rollout in early 2011. Export sales will begin late next year.
While there were a number of journalists in attendance (including, significantly, a noticeable number from Japanese news outlets) and though there was some news to be made, this particular dog and pony show was more of a pep rally than anything else. Hundreds of assembly line workers from the plant attended the event and the speakers frequently praised them. When GM North America president Mark Reuss walked in before the event started, he made a point of congratulating each member of the GM management team that was in attendance. Ron King, UAW president, was busy so Gary Bernath stood in. He went out of his way to praise the locals at all the GM facilities involved in the Volt project, and he thanked Michigan Gov. Jennifer Granholm and other elected officials. Read More >
When Volkswagen bought 20 percent (well, 19.9) of Suzuki, everybody assumed it would be one of Volkswagen’s favorite “win-win-win” deals: Volkswagen gets better access to India, where Suzuki owns half the market. Suzuki gets better access to China, where Volkswagen is the largest passenger car brand. Both will work happily together to rule the world by 2018. Now Suzuki Chairman Osamu Suzuki says at least the Indian part is not true. Read More >
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