The Royal Automobile Club (RAC) held its first Future Car Challenge. This was a race from Brighton to London (about 57 miles). The Auto Channel says it was to see who could consume the least during the trip. To keep things fair, the trip consisted of different driving conditions from country roads to traffic jams. Well, the race was done and the results are in. I can now reveal that the winner of the first RAC Future Car Challenge is, (soft) drum roll, please… Read More >
The idea behind the big car bailout supposedly was to keep millions of jobs in, well, North America. Ford didn’t partake, and hence should be free of moral obligations. (Not that other companies on the government drip seem to be queasy about exporting jobs instead of cars.) Empowered by a clean conscience, Ford moves production to where it makes the most money. To India. Read More >
Here we are again, ready to use those certain special brain cell synapses that were created by spending way too much time looking at cars when we shouldn’t have been. Finally a way to make use of them. I’m happy to announce that Stingray, one of our most loyal TTAC family members won the Sunbird Clue. Felicitaciones! Or did I get that wrong?
Now, you can’t draw too many conclusions from a sample size of 2,000 people, but then when you see the results of a recent study by the AAA Foundation for Traffic Safety, you won’t want to even think about what your fellow Americans are doing in their cars. The scariest nuglet [via NYT]:
The report found that 41 percent of respondents admitted to falling asleep or nodding off while driving at some point in their lives. One in 10 acknowledged doing so in the past year. More than a quarter (27 percent) of those surveyed admitted that in the previous month they drove despite being so tired that they had difficulty keeping their eyes open.
OK, so we’ve all been tired at the end of a long drive. We’ve all felt that extreme stress of keeping… the… freaking… eyes… open.. for just a few… more.. miles. We’ve all cranked the stereo, downed a Red Bull, opened a window or sang at the top of our lungs in order to stay awake and get where we’re going… and it’s not surprising that 27 percent reached that stage in the last month. But 41 percent of drivers have actually nodded off, or physically closed their eyes while behind the wheel? Could this possibly be true? Or is this just National Sleep Foundation propaganda ginned up for Drowsy Driving Prevention Week (yes, really)? I know I’ve never nodded off behind the wheel… have you?
Born in 1977, Mr Goodwrench was a marketing brand used to sell GM parts and service at franchised dealers. Now, after 33 years in service to The General, Mr Goodwrench is passing on to join Pontiac, Oldsmobile and HUMMER in GM’s crowded brand graveyard. Automotive News [sub] reports that
GM marketing chief Joel Ewanick wants the vehicle brands, not corporate, to be the stars of GM, and that includes service and repairs
In order to honor the passing of this past-its-prime symbol of GM’s decidedly mediocre service reputation, we’ve assembled a few Mr Goodwrench ads below the fold.
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Yes, our recent acquisition of complete 2009 fleet sales data came a little late in the game, but we’re still finding all kinds of fun facts buried in it. For fans of limited government, perhaps the most interesting revelation is that the government fleet sales data shows that American governments (it’s unclear whether these are state, local or federal agencies) bought some sweet cars last year. Some sweet, expensive cars. Let’s take a look at some of the most surprising government fleet purchases of 2009, accompanied by our guesses for how each purchase was used.
Automotive News [sub] reports that the new GOP majority in the house of representatives will likely mark a shift in the political dynamic between the industry and the US government, as Republicans shift from noisy protest of government support for the industry towards orchestrating reductions in industry regulation. And, according to the Alliance of Automotive Manufacturers, the first victim of the new Republican House could be the Motor Vehicle Safety Act, a set of sweeping regulations aimed at preventing recall scandals like the Toyota unintended acceleration fiasco that took place earlier this year. House Republicans plan on holding hearings on that bill, which has passed committees in the House and Senate but has not yet faced a full vote by either full body. Says National Auto Dealers Association lobbyist Bailey Wood
There will be much more oversight, and the process will slow down
But House Republicans will also face their own challenges. With Democrat JerryBRown winning California’s gubernatorial race, national lobbyists will have a harder time resisting ever-increasing emissions standards, as California is the sole state with authority to independently regulate auto emissions. Though Republicans are likely to support the industry’s resistance to increased fuel economy standards, they will require help from the White House in order to, as the AAM’s Dave McCurdy puts it
rein in some of the more exuberant tendencies in California
With battles brewing over safety and emissions legislation, 2011 is shaping up to be an interesting year for followers of the politics of automobiles.
When is it a good time for a CEO to step down from an automotive company? This year we’ve already learned that ditching mere months before a major IPO was not a great move for GM CEO Ed Whitacre. But that surprise drop-out may just have been topped by CODA Automotive’s Kevin Czinger, who just resigned a month before his firm starts sales of its very first vehicle. The firm is in the midst of its pre-sales marketing, and is also currently pursuing $125m in financing from Morgan Stanley and others, making this a highly unusual time for a CEO to leave. Czinger, a Goldman Sachs alum, was crucial in bringing investments to CODA from other Goldman alums, including former Treasury boss Hank Paulson and John Bryson. Czinger will stay on as an adviser to the firm, as co-chairman Steve Heller will take over as interim CEO and COO. Earlier this year, Czinger called the CEO position his “dream job” (see video above).
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Fleet sales data can be some of the toughest numbers to find, but thanks to a post from commenter GarbageMotorsCo, we’ve got some pretty comprehensive numbers for last year’s fleet performance [courtesy: automotive-fleet.com, PDF list here]. Overall fleet levels have been higher this year, but by identifying the most popular vehicles with fleet buyers (in terms of fleet sales as a percentage of overall sales), we’ll at least have some hints about this year’s performance. To help give a more accurate picture, we’ve left out obvious commercial vehicles (mainly large vans, and the queen of all fleet queens, the Ford Crown Vic (95% fleet)), as well as discontinued models like Chevy Uplander (57%) and Pontiac G6 (44.7%). We also left out hybrid or CNG versions of nameplates. Two vehicles with limited sales last year (GMC Terrain and Kia Forte) are on the list, even though they may not be on a similar list for 2010 (the Honda Insight is not on the list, despite selling all 193 of its 2009 sales to fleets). Hit the jump for our full list.
About a month ago we saw the first renderings of the 2012 Nissan Versa, and were more than a little taken aback at the model’s apparent move from geeky hatch to sleek sedan. Now the first images of the Chinese-market Nissan Sunny have hit autohome.com.cn [via Burlappcars.com], and they show a rounded little sedan that’s equal parts Altima and IS250. The Sunny nameplate is known as the Sentra in the US, but there’s some speculation that these images actually portray the next-gen Versa (based on their similarity to the earlier-leaked rendering). Alternatively, Nissan could be going for a similar look for both its compact and subcompact offerings. In any case, these pictures hint that Nissan is not taking improved offerings like Chevy’s Cruze and the forthcoming Ford Focus and Hyundai Accent sitting down. The compact and subcompact segments are heating up as designs improve, and Nissan is not about to be left behind.
TTAC Commentator MadHungarian writes:
Hi Sajeev – I am your fellow Town Car-o-phile, and per Panther Appreciation week commentary, I accept your invitation. How do you get that harshness out of the ride of my 2005 Signature Limited? That banging and bottoming in the rear over seemingly minor bumps. Strangely, it seems worse at lower speeds. I miss the authentically Land Yacht-y ride of my ’92. I don’t miss the seriously imprecise steering, but is one a necessary tradeoff to get the other?
A photo of my somewhat blingy ’05 is included for your enjoyment. It’s got only 54K and as far as I know the air suspension and all other suspension components are in proper order.
Chrysler lost $84m last quarter on an operating profit of $239m, showing slow but consistent progress from last quarter’s $172m loss [Press release here, slides here, both in PDF]. Chrysler has lost $453m since the beginning of this year. Overall deliveries and sales were down slightly compared to Q2 2010, but thanks to a strong launch for the profit-generating Grand Cherokee, revenues were up just over 5 percent to $11b. As the slide above proves, “Mix and Net Price” accounts for one of the biggest contributions to operating profit, and that’s largely thanks to the new Grand Cherokee which (at 12,721 units last month) is the second-best selling vehicle in Chrysler’s lineup after Ram pickups. That’s a good sign for the future of a company that needed a hero, but there are some troubling signs under the surface.
NPR reports that
Tyson developed a diesel fuel made from chicken fat and food grease. It’s opening a plant Monday in Louisiana that can turn out 75 million gallons of the fatty fuel a year.
At the same time, they’re calling the federal government’s subsidies on ethanol… well, chicken.
A federal class action lawsuit seeks to take advantage of last month’s California Supreme Court’s red light camera decision. The high court let stand a lower court ruling that invalidated citations on the ground that the city of Santa Ana’s failed to provide the legally required warning periods before activating the automated ticketing machines (view ruling). Motorist Robert Plumleigh was forced to pay $480 on March 17, 2008 after a camera accused him of turning right at a red light at one of the sixteen intersections where the city failed to provide the required thirty-day warning period. He wants Santa Ana to refund all illegally issued tickets. US District Court Judge Cormac J. Carney on Wednesday gave Plumleigh’s lawyers an extra thirty days to file for class certification.
It’s a done deal, says Sinocast via Trading Markets. Chen Hong, president of China’s SAIC has gone to the US. He’s not there to visit Niagara Falls and Yosemite. He’s there to negotiate how much of SAIC’s $5.7b in cash and cash equivalents will be converted into GM stock on November 18. Read More >
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