History is written by the victors, or so the saying goes. You lose, not only do you get beaten up in real life, but also in the history books. Few losers come much bigger than Rick Wagoner. The man who oversaw the last slide into Chapter 11. Yep, there wasn’t much love out there for “Red Ink” Rick. Until a few days ago. Read More >
When gas peaked in 2008, and carmageddon ensued thereafter, many predicted the end of the world, and if that won’t come to pass, the total extinction of the pickup and SUV genre. Along with that, the demise of the U.S. auto industry was prognosticated, because it supposedly was more dependent on trucks than Robert Downey Jr, on uppers and downers. Conventional wisdom had it that we’d be driving bicycles, midgetmobiles, solar powered EVs, or use public transportation. Pickups? Only at Match.com.
Well guess what, as with all the crises before, it didn’t happen. Actually, the dinosaurs reign supreme. Read More >
Want in on GM’s IPO without being a sovereign wealth fund or Goldman Sachs? Join the BDSM lifestyle for fun and (possible) profit. Buy the very much troubled pre-bankruptcy bond, and you could make out like a banshee. Reuters has the surprising news that bonds issued by GM’s bankrupt predecessor are a good investment. “GM’s 8.375 percent bonds due July 2033, which were issued by old General Motors Corp. and convert to shares in the new GM, rose 0.375 cent to 35.875 cents on the dollar at 4:29 p.m. in New York.” The day before, the bonds had jumped 2.25 cents, the biggest gain since June 14.
Why the sudden interest in the converting bond? Read More >
In the politically and emotionally charged discussion whether Chinese interests will buy a chunk of GM in their IPO, one decision appears imminent: Will SAIC, GM’s joint venture partner in China, take the bite or eschew the lure? India’s Economic Times, always with a wary eye on happenings on the other side of the Himalaya, says that “top Chinese automaker SAIC Motor is close to making a decision on whether to buy a stake in its long-time partner General Motors as the US auto firm goes public.” Read More >
The recently-debuted Chevrolet Volt ads are built around the same basic assumption that drove the design of the Volt’s extended-range electric (EREV) drivetrain: Americans will not tolerate running out of vehicle range. So severe will be America’s Range Anxiety®, GM is guessing, that its electric vehicle (EV) consumers would be happy to lose some electric range and pay a significant price premium compared to the pure-electric competition in order to fill up on gas when they forget to plug in. But while we wait for this psychological insight to prove true across the broader market, recent news seems to show that GM has forgotten about another beloved American freedom: the freedom of choice. For example, the choice to buy a GM-made “pure” EV. To find that kind of freedom you have to go to China…
The road to the US market has been a rough one for Mahindra, with lawsuits, delays of EPA certification and more holding up a launch that should have taken place over a year ago. And after the Indian automaker rejected an order this summer from its US distributor, Global Vehicles, we basically gave up hope on seeing the diesel-powered, 4X4 pickups and SUVs in the land of the free. Luckily, Mahindras are used to rough roads, and if an email that just landed in my inbox is anything to go on (please note the Wild Ass Rumor heading on this post), the venture may just be pulling through. Or perhaps it’s just pulling our leg. Hit the jump for a letter from Global Vehicles president John Perez…
Read More >
It is one thing to recognize the legendary status of Mr. Shelby and the original Cobras, including the 427 S/C, and quite another to assert that purchasers and potential
purchasers view Cobra continuations or replicas, sold primarily as kits, which employ the Cobra 427 S/C Design as coming from a single source. The fact that Cobra replicas, sold primarily as kits, which employ the 427 S/C Design, have been sold by numerous third parties for more than three decades, including between 2002 and 2009, precludes us from drawing that conclusion. Accordingly, we find applicant’s evidence based on media coverage of Mr. Shelby and all of the Cobras not probative of the issue of acquired distinctiveness.
That’s right, the Shelby Cobra has been officially copied to death, according to a recent ruling by the US Patent Office’s Trademark Trial and Appeal Board [in PDF here]. The board’s finding was complex, as proving “distinctiveness” takes a lot of doing, but the upshot is that so many Cobra replicas have been built, consumers don’t actually think of the original (Shelby-designed) Cobras when they see one. Had Shelby sued every single kit car maker since day one, he’d have the legal rights to his design, but in the years since 1968, the term “Cobra” has come to mean more than the specific Shelby Cobra 289 or Shelby Cobra 427 S/C. In fact, a survey used to try to prove the distinctiveness of the Shelby designs in the eyes of consumers may have even used a photo of a 289 to illustrate a 427 S/C… even the guy running the survey wasn’t sure. The moral of Caroll Shelby’s legal battle to own the rights to anything resembling an original Cobra: never stop suing the kit car makers. Or, just be happy with the millions of dollars and legend status you’ve already accumulated.
Toyota and Fiat may not be setting European sales charts alight, but according to a recent analysis of per-vehicle CO2 output, the two automakers are on the cusp of meeting the EU’s stringent 2015 standard. Automakers competing in Europe will have to reduce their carbon emissions to 130 gm/km by 2015, a huge challenge for firms like BMW, Mercedes and Volkswagen, which currently have average emissions of 151, 167 and 153 grams per km respectively. Fiat and Toyota, on the other hand, have already reduced their emissions to 131 and 132 grams per km, putting them within a sneeze of the 2015 standard. But the auto industry never though that any of its firms would be on track for overcompliance. In fact, the AFP reports
In 2008 carmakers successfully pushed back from 2012 to 2015 the deadline for technological innovation, allowing them to meet stipulations, in exchange for a commitment to drop to 95 g/km by 2020.
Despite not insignificant loopholes, they can be heavily fined if they miss these targets as the EU strives to meet wider aims in reducing emissions of harmful gases blamed for negative climate change effects.
With the release of the EPA’s 2011 fuel economy guide comes this list of the EPA’s most fuel-sipping-est vehicles on the US market (EVs and plug-in hybrids excluded). For a list of the ten least-efficient vehicles on the market today, just hit the jump…
Yes, we’ve been waiting for this moment for some time. Ever since Chrysler pimped cgi renderings of the new 300 in its bailout-requesting “viability plan,” promising that it would be “the most-awarded new car in automotive history,” we’ve been curious about the follow up to the car that arguably saved the Chrysler brand’s image. But now that we’re seeing the first pictures, we can’t help but feel that some of the 300’s brash swagger may have been lost in the humiliation of bankruptcy. Sure, the mirrors are completely chromed, which is a pure class move, but the whole thing (the front end in particular) has certainly lost more than a little of its “I’m not actually super-wealthy, but you’d never know it by the way I treat people” attitude. Jalopnik may be worried about the Rolls-Royce-alike bodykit business, but we’re more concerned that America’s most pimping automobile (in the value-neutral sense) has turned into the Cadillac STS.
When GM was in its final throes (about 2000 onwards) it was quite easy to see that GM would go under. Even though they were posting records profits, anyone but the shills knew that these profits came from the SUV boom and not from any long term sustainable plan. That’s fair to say, right? So now let’s move to Toyota. The cry I hear, these days, is “Toyota is the new GM! Toyota is the new GM!” (Why people have to say things twice, I’ve no idea. I’m not deaf, just stupid.) And there is certainly some evidence to suggest that. Piling on the incentives, suspect quality, etc. But then something comes along which, seemingly, blows that theory out of the water. Read More >
BMW is on a roll at the moment. They’ve booted Mercedes-Benz (their most hated rival) off the number one slot in India, they’re making big steps in China and their profit is rising fast. That last point is the fulcrum of this article. You see, profit is where BMW is forecast to have problems. Not lack of profits, but the size of them. Read More >
Wasn’t BYD the miraculous Chinese company that would bring electric cars to the masses? Weren’t they supposed to go hundreds of miles on a single charge? Forget about it. So far, their electric cars are being tested as taxis in Shenzhen in low numbers. What if you would be crazy enough to buy one yourself? They won’t sell you one. Read More >
Worried about the Chinese grabbing a piece of GM while it’s cheap? Don’t feel like the lone ranger. China is joining an illustrious circle of investors from Kuwait, Abu Dhabi and around the world and grabbed a “notable” stake in Daimler. An unnamed Chinese institutional investor has bought a chunk of Daimler, as their CFO Bodo Uebber told the Frankfurter Allgemeine Zeitung (FAZ), which sent an advance copy to Reuters. Read More >
Toyota is probably feeling a little unloved right now. The US government has been trying to burn them at the stake, Chinese buyers are shunning them and even the Canadians are even saying “No, eh?” (My experience of Canadians is pretty much limited to “South Park” and “Due South”). But love and good news can come from the most unlikely of places. Read More >
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