GM has filed its S-1 paperwork with the Securities and Exchange Commission. Read the entire document here.
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Wrangler went on a summer tear last month, more than doubling its July 2009 number, and leading SUVs to a strong rally. The segment’s top 18 nameplates all improved their year-over-year numbers last month, as gas prices look to hold steady through the summer (only the Suzuki Grand Vitara lost ground). SUVs should be way up again (year-on-year) this month as well, as Cash For Clunkers limited SUV sales in August 2009. Strong sales in this segment could continue into the fall on the strength of new launches like the Jeep Grand Cherokee, and Ford Explorer. On the other hand, with the Explorer moving to a Crossover platform and lines between SUVs and CUVs generally blurring, it’s becoming increasingly important to compare mid/large CUVs against this SUV segment. Based on that comparison, it’s easy to see that the mass market tends to pick road-oriented people-haulers rather than offroad-oriented rock crawlers. SUVs may be booming this summer, but in the big picture they’re melting away into the ever-expanding Crossover category. Hit the jump for a bonus graph of Luxury-brand SUV/CUV sales in July.
As Europe moves towards ever more premium subcompact cars, Opel has sought to hop on the bandwagon by giving its Corsa-based Meriva Micro-MPV stylish suicide doors. And with Buick moving towards simple rebadges of Opel’s product, the suicide-doored Meriva seems almost certain to arrive stateside as the so-called “Baby Enclave” MPV, expected to debut in the US market in 2012. There’s little doubt of the suicide door concept’s gimmick value, and we’ve said before that this factor alone could get Americans excited about the first-ever Buick subcompact… but just how much of a difference do the rear-hinged doors make in real life? According to the first German-market comparison test (by Auto Motor und Sport print edition), the Meriva’s suicide doors are still just a gimmick.
With GM’s IPO S-1 now set for a Wednesday filing, The General is announcing a joint engine development project with its Chinese partner SAIC, spurring on rumors that the Shanghai-based automaker could buy into GM’s forthcoming IPO. Reuters reports that GM and SAIC have signed an agreement to develop a new range of 1.0-1.5 liter direct-injection, turbocharged engines in the vein of Ford’s EcoBoost mills. The ground-up joint engine development is significant because, as the WSJ [sub] reports
it marks the first time when GM and SAIC – partners for more than a decade already – are going to develop “base” propulsion technology, going a step further than simply integrating existing engine and gearbox technologies into automobiles.
GM has already moved much of its advanced technology development to new Chinese R&D labs, and this attack on Ford’s EcoBoost technology is likely to become a global engine. But what does the ever-increasing cooperation between GM and SAIC (which recently bought out GM’s controlling interest in their Shanghai GM joint venture) portend for the GM IPO?
TTAC Commentator Detroit-Iron writes:
I have an ’09 Subaru Legacy with 26.5k on the clock. I drive close to 600 miles a week, all on main road or highways at a steady 75 mph with few exceptions. It is pretty warm where I live now, but it is not dusty here in the mid Atlantic, way too much humidity, and my direction of travel means I rarely run into traffic. Recently I got a CEL, I took it to Advance auto but the guy couldn’t find the port. The next morning the CEL was gone, but after work it had come back. I tried filling the gas and re-tightening the gas cap to no avail. Ominously it also developed a rattle at 3k rpm. After I got home (120 mile trip with no cruise control) I went back out to the store that evening and the CEL was gone. The next day I took it to a dealer who didn’t have time to diagnose but said he would take if for a quick spin.
I am looking under every rock and asking the question: Is there anything wrong or unusual about our pedals? We are continuing to look to see if there is something that we could do differently.
Toyota’s Steve St. Angelo tells the WSJ [sub] that Toyota is reviewing its pedal designs in search of a cause for its recent Unintended Acceleration scandal. Thus far, Toyota’s UA issues have been traced only to sticky pedals and floormat interference. Attempts to trace UA to malfunctioning throttle units have thus far been abortive, with a government research panel finding that brake misapplication occurred in many of the Toyota UA incidents.
With the debut of Audi’s A7 Sportback, and a BMW four-door GranCoupe coming in 2012, it’s clear that the four-door coupe segment is here to stay. At least in Europe. This year Mercedes is coming back into the segment swinging, with an updated CLS shown here in the first leaked official images [via Autocar]. But will the four-door coupes ever make serious headway in the US market? In the last 12 months, the CLS has sold fewer than 2,000 examples in the US market. VW’s Passat CC on the other hand has sold 29,114 units in the last 12 months, more than double the volume of the regular Passat. What does this say about four-door coupes in the US market? Probably that their sales depend heavily on the appeal of their sedan versions: Mercedes sedans have become handsome enough to make the CLS look overstyled, while the CC offers much-needed visual flair to the otherwise-anodyne Passat. But will the segment grow as BMW and Audi wade in?
California courts are not alone in questioning the validity of red light camera and speed camera photographs as valid legal evidence. On Friday, the Queensland, Australia Court of Appeal ruled that automated ticketing cases require more than a pair of images in a folder to make a speeding case that will stick. The motorist, a non-lawyer, won her case against the government with only the help of her husband.
Inspired by the Michael Karesh review of “Sixty To Zero” today, I thought I would share some aspects of auto journalism with the TTAC readers. To the best of my knowledge, this kind of information has not appeared anywhere in the print-rag world or “blogosphere”… and perhaps after reading this, you will understand why.
What I propose to do is to take you along with me for a “typical” product reveal. I’m combining various “signature” aspects of different companies’ press events here to create an imaginary journal for my trip to see the introduction of the 2011 Mythos 200EsI.. Now, if you’ll grab your bags, we have a plane to catch…
No, it’s not a Mel Gibson joke… Scientists at Edinburgh Napier University have developed a formula for making butanol biofuel out of byproducts of the Scottish whiskey industry, reports Sky News. Apparently researchers
combined so-called pot ale – the liquid from the copper stills distillery equipment – and the spent grains used to make whisky, also known as draff
to create Butanol, an ethanol-like biofuel. Unlike the corn juice, however, Butanol can run in any gas-powered engine and does not degrade components over time.
Read More >
You may have caught a version of this ad on television not long ago, in which an actual monkey fires a confetti cannon. Notice that the monkey doesn’t show up in this version? That’s no coincidence. The Dodge brand, which has previously baffled audiences with such retrograde nonsense as calling the Charger R/T “Man’s Last Stand,” has backed down from using a monkey in its advertising after being criticized by PETA. So much for that thin veneer of über-macho, anti-PC gloss. Hit the jump for Dodge’s petulant response to allegations of animal cruelty.
Read More >
GM’s IPO filing still has yet to appear on the SEC’s EDGAR database, but while we wait for the S-1 form to clear, Reuters has some details on what to expect from the sale. The big news:
GM is mulling a plan under which sovereign wealth funds or pension funds would serve as “cornerstone investors,” a technique often used for large initial public offerings to show that key investors are supporting the deal, four people said…
Each cornerstone investor would likely be asked to commit to buying 2 percent to 10 percent of the IPO and cornerstone investors would likely account for 10 percent to 30 percent of the total IPO, one of the sources said.
On the other hand, another source says GM is targeting 15 percent of its equity towards cornerstone investors, with 20-25% is aimed at the retail investment market. Either way, Reuters points out that another recent large IPO of a government-owned business, the Agricultural Bank of China, relied heavily on cornerstone investors… but that the politics of such a strategy could be risky.
Autocar reports that Renault workers in France are jumping on a bus and heading to the Paris Motor Show. Are the doing it because they fancy a day out? Maybe they want to see all the nice cars on display? Nope, they’re going there to protest. OK, so who do you think they are going to protest? Hyundai? Toyota? Ford? Nope. They’re protesting against Renault. So, a bunch of French Renault workers are going to the Paris Motor Show to protest against their own company? Why?
We object to the misleading, eye-catching advertisement, because contrary to the grandiose statement made in it, Opel is not actually offering a ‘lifetime’ guarantee
Reiner Münker of the German Wettbewerbszentrale (Center for Protection against Unfair Competition) lays into Opel’s recently-announced “lifetime guarantee” in the Wall Street Journal [sub]. Münker continues
In competition law, there’s a principle that forbids any marketing statement that contains objective untruth. Statements that are a “lie” at first glance can not be “clarified” with an asterisk or be made relative. We don’t reject the notion that this car guaranty is different from those offered by other manufacturers. But the misleading title “lifelong,” which suggests an unbeatable advantage over the competition, has no place in advertising.
And considering that the Opel warranty is limited to 160k kilometers, that seems like a fair conclusion. Unless of course Opel is admitting that its cars are literally not designed to go more than that distance. Either way, Opel’s major brand-building effort is not off to a good start.
TTAC Commentator trailertrash writes:
I am hoping to save a little research time and thus allow me more actual “behind the wheel time” when looking for my next car. I have lots of wheels, from the Tiguan, MKS, 2010 Mazda6 and even a Trailblazer. My next purchase needs to be affordable, FAST, fun and carry everything (within reason). This is a wagon or hatch. The latest sportwagen by Caddy is awfully slow by my standards. The MKS has me even wanting more off the red light. The Audi3 is a little small. I WISH the G series was a hatch! Or the Mazda still had one.
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