Ready to buy some GM share tomorrow? A consummate insider who sits on the board of an important GM company says: Don’t.

Klaus-Franz, Chair of the Opel works council and Vice Chairman of the Opel supervisory board warns:  “The IPO is premature. Sure, GM has delivered three good quarters. But he restructuring in Europe must be finished to give investors the visibility they need.”

Franz knows the skeletons hidden in Opel’s closet. In an interview with Germany’s Focus Magazine, Franz gives valuable investment advice to potential GM shareholders. To repeat: “Don’t.” Read More >

Porsche answered the prayers of its long-suffering enthusiast base today by introducing a low-cost, low-content, no-frills Cayman to finally bring value and performance to its model line.

Ha! Made you look! Just kidding!

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Mazda is passing the hat around to collect the money to buy out most of Ford’s remaining share, and what looks like half of Japan is chipping in. As many as 10 firms will purchase the Mazda shares that are still held by Ford, says The Nikkei [sub]. Ford plans to cut its 11 percent stake in Mazda to a symbolic 3 percent. Read More >

Establishing R&D centers in China by foreign automakers is a huge trend. Of course, the trend was led by GM, which already has an alphabet soup of tech centers (PATAC, CAERC, and CATC) in the Shanghai area. Now, Toyota follows with their own. Following prevailing fashion, it will be called TMEC. Read More >

Some say the future of the car business is in China… and for certain employees of Jaguar Land Rover, the maxim seems to apply awfully literally. The Telegraph reports:

Des Thurlby, human resources (HR) director at [JLR], said he had held “pointed” discussions with up to five of the company’s best employees urging them to consider moving “out of leafy Warwickshire” to China to help the company capitalise on emerging markets. Those who refused had less chance of being shortlisted for a future top job at the company…

Mr Thurlby said: “We’re getting to the point where we’re having some quite pointed conversations with people, where we’re saying, ‘listen matey, if you want to go to the top you’re going to have to go to China, Russia or the US. We’re an international business, we’re 70pc overseas. It’s critical you move out of leafy Warwickshire.'”

Oh dear… this is what happens when you stop designing your interiors like a 19th Century club room, isn’t it?

With strong new C-segment competition coming in the form of the Chevy Cruze, Hyundai Elantra and Ford Focus, upcoming refreshes of the Honda Civic and Toyota Corolla seem to be taking a low-key approach to the extroverted upstarts. Are the kings of the compact class resting on their laurels? Can they afford to coast on reputation alone? History tells us that complacence leads to trouble in this industry…

Because driving is one of the freedoms Americans take most seriously, the government faces fundamental challenges to any attempt to reduce traffic fatalities. As the Secretary of Transportation’s crusade against distracted driving proves, raising awareness does nothing until the market has as much incentive to fix the problem as contribute to it. Luckily, when it comes to the problem of out-of-control elderly drivers, the free market seems ready to offer an actual solution: video games. A study published in the Journal of the American Geriatric Society [PDF here] indicates that cognitive training for seniors can actually make a major impact on elderly accident rates.

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The Economic Times of India reports that Hyundai is worried about Europe. Hyundai Europe’s Vice President, Allan Rushforth, felt positive about 2010. “This year we’ll probably achieve 2.7 percent market share in a market of around 13.49 million,” he said. But with regards to 2011, he poured cold water on that year. “Next year will be really interesting. We have yet to see scrappage washout – the year-on-year effects of scrappage from the reported registration data…..I think the first half-year will be really, really tough.”

Reuters has a different story. Read More >

You could look at the accident one of two ways. The first way to look at it was that the backhoe was at fault. It backed out halfway across the northbound exit ramp to Bethel Road from Ohio SR-315, forcing my brother to take too rapid of an avoidance maneuver, spin his pristine Porsche 944, and hit a streetlight, causing said streetlight to fall into the freeway traffic.

The second way to look at it — and, in fairness, I must note that this view was the one espoused by the Columbus Police — was that my brother, Mark, had been traveling at perhaps one hundred miles per hour (“More like one twenty,” he sniffed to me in the aftermath) and that therefore the backhoe operator could have had no reasonable expectation that the red Porsche+Audi would arrive well before he could move back off the road.

Either way, it was time for the punishment car.

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Steve writes:

I’m no lover of cars, but since I sold my motorcycle, going bicycle only is proving problematic. Being a one-car family has worked better in theory than in practice. I spend a lot of time mountain biking and trail running. So I need something that can handle muddy, sweaty people and haul dogs and bicycles and the occasional road trip to races. The dog is a collie and my wife and can get by fine with a hitch rack. I don’t the need the car for commuting to work – I ride a bicycle to work every day rain or shine, 12 months a year. Also, I have fundamental distrust of automatic transmissions.

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The Wall Street Journal [sub] reports that, after selling a mere 9,000 units last year, the Honda Civic will be retired from the Japanese market. For perspective, the Civic sold 609,000 units worldwide last year. According to the report

Sales of the Civic in Japan reached their largest annual volume of 177,000 vehicles in 1975, accounting for 71% of the company’s overall domestic sales that year.

What happened to the Civic? For one thing, it got bigger… and Japan didn’t. The 2011 Civic is 32 inches longer than the big-in-Japan 1975 model and weighs nearly twice as much (1,495 lbs in 1975, 2,630-2,830 lbs today). And by the looks of things (above), the forthcoming Civic refresh isn’t going to bring a whole lot to the table either, besides a corporate grille. There’s been a lot of chatter of late about Honda and its loss of “mojo”… the fact that the Civic has lost relevance in the Japanese market shows just how far Honda has come from its roots. No wonder a little mojo was lost along the way.

South Korea is a small country. With 48.6 million people crammed into an area roughly the size of Indiana, South Korea has one of the world’s highest population densities. It also has an amazing auto industry.  Like Germany in the 50s, and Japan in the 60s, Korea was the laughing stock of the 80s. That arrogant grin has frozen.  South Korea is a feared competitor the world over. Let’s have a look at the feisty little runt. Read More >

A motorist filed a federal lawsuit against Chicago, Illinois police officers who issued twenty-four bogus parking tickets against him over the course of fourteen months. The tickets arrived in groups of three and four and were for violations that frequently contradicted one another, requiring the vehicle to be in more than one place at a time. Mark Geinosky suspects they conspired against him to extract revenge on behalf of his ex-wife.

“Plaintiff alleges that he received tickets for violations which never occurred, and which the defendant officers knew had not occurred, as part of a deliberate campaign by officers in Unit 253 to harass him,” Geinosky’s lawyer wrote in a brief to the court. “Plaintiff was forced, over and over again, to respond to bogus parking tickets which the defendant officers gave him for malicious reasons.”

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New car registrations in the 27 countries of the EU crashed by 16.6 percent to 1,027,036 units in October. That according to the latest statistics of the European manufacturer organization ACEA. The year looks a bit better: In the first 10 months, demand for new cars has decreased by 5.5 percent, totaling 11,279,542 new vehicles registered. Read More >