Production at the Honda parts factory in Foshan, China, partially resumed this Chinese afternoon after Honda offered to increase the wages of striking workers by 366 yuan ($54) a month, company officials told The Nikkei [sub]. This reflects a pay hike of 20 percent. Read More >
Japanese car buyers are still auto otaku. In May, new car sales in Japan rose for the tenth straight month. Total sales of registered vehicles are up 28 percent to 228,514 units, the Japan Automobile Dealers Association told The Nikkei [sub].
Not only are the sales growing, the cars are getting bigger too. Read More >
Over the next few years, life in the UK is going to be pretty – austere. The Centre-Right government has been in power barely a month, and already they’ve slashed the budget by £6.2 billion. That was just the scalpel, wait till the axe comes. So, with a possible second recession in the offing, it’s time for some good news. And here it is… Read More >
A year ago I reported how Renault was using French Government money in exchange for keeping jobs in France. Then Renault landed themselves in trouble when Renault wanted to transfer production of the Clio to Turkey and the French Government made their feelings quite clear. Then they started slagging other low cost countries off. Now it appears Renault are at it again, only this time they may succeed. Read More >
At this risk of stating the supremely obvious, we’re not enjoying a lighter-than-usual workload today in order to remember cars. The sacrifices of America’s warriors are the reason for remembrance today, as we reflect on the wrenching experiences that allow our flawed-but-wonderful experiment in democracy and capitalism to persist. But memory is a funny thing. Once you start looking back at through the jumbled scrapbook of past experience, unexpected artifacts come looming out of the fog.
My earliest memories of America at war, during Operations Desert Shield and Desert Storm, remain strong: the yellow ribbons sprouting up like weeds, the menacing strangeness of terms like “Scud Missile,” the wail of Israeli air raid sirens broadcast into my family’s bastion of suburban privilege. Still a young child at the time, these memories mark a growing awareness of the world around me, and yet the memories that feature most prominently in my mind from that period are the comfortingly familiar ones. The smell of pine trees baking in the hot sun at summer camp. The taste of blackberries. The creak of swing axles, and the bucolic brumm of a straight six as the old yellow Ford pickup made its sedate progress towards the dump. Straddling the Hurst shifter and leaning into the curves, goading Dad to make the poor thing backfire while my sister and I screamed in delight.
To this day, nothing in this world reminds me of that or any other period of my life the way sitting in “Old Yellow” does, inhaling the smells of gas and manure, and absorbing every squeak and grumble. It’s a rolling memory machine, a warp-speed express to a world where war was a foreign presence, an atavism of history intruding on our perfect future. Somewhere in everyone’s past there’s a time and place that we can remember only in innocence. If we’re truly lucky, there’s still a vehicle that can take us there. What’s yours?
The Detroit News reports that the Treasury Department has hired Lazard Frères & Co. as an advisor to GM’s forthcoming IPO sale. And with news of the hiring comes confirmation that GM’s IPO really is coming soon: the investment bank will receive half a million dollars, according to the DetN, but that amount will drop to $250,000 if the IPO isn’t completed within one year. If you’re one of the GM boosters who believes that an IPO will repay all or most of the government’s investment in GM, it’s time to start saving those pennies. You have less than a year now to put your money where your mouth has been.
Financial Times calls “Volkswagen a long-time skeptic about hybrid and electric cars.” As a long time observer of the Wolfsburg boys, I have to agree. Despite green initiatives for public and political consumption, their private position has been that the consumption and emissions of a hybrid could be achieved with their low displacement supercharged engines and some weight savings. Some electric initiatives notwithstanding, this position has not changed. Case in point: Their new Touran. Read More >
Gasgoo has not surprising news. GM China announced that by the end of next year, they will invest India with mostly small trucks and possibly passenger cars, taken from their GM’s and SAIC’s Chinese portfolio. So far, so boring.
India’s Economic Times has a more alarming slant to the story: “General Motors may use its Chinese associations to launch a rival for Tata Nano in India.” Most likely, all are missing the real story. Read More >
This week, NHTSA came out and said that after a recount of their complaints database, they found 89 dead bodies in their computers, allegedly killed by evil runaway Toyotas. The MSM ate it up. If it bleeds, it leads. Even if it smells. In this article, we will show you the secrets of the incredible killing machine at NHTSA. Read More >
The only “real car” on Forbes’ most overpriced list is the Chrysler 300. Really. Despite being based on the compact Cobalt, Chevy breaks sales of its HHR out as a “truck,” in search of improved CAFE performance. And despite an MSRP of under $20k, the PT Cruiser-inspired wagon was still one of Forbes’ most overpriced vehicles of 2010. The rest of the list’s 11 models are unquestionably trucks, or truck-based utes, and save for Nissan’s Titan and Armada, they’re also all from Detroit automakers as well. If you’re looking for more reasons to build a cheap, utilitarian compact pickup truck (ahem, General Motors) this list has got ’em. Hit the jump for Forbes’ list of most overpriced vehicles, and the magazine’s formula for deciding who makes the cut for this dubious distinction.
The strike at Honda’s transmission factory in China that has led to the closure of all Honda sites in China shows no sign of resolution. Actually, there is a new twist: Management is leaning on school interns not to strike, Hong Kong’s South China Morning Post reports. Why the sudden focus on interns? Read More >
Actually, he’s been broke for since last October.
“About four months ago, I ran out of cash,” Musk wrote in a court filing with the Superior Court of Los Angeles on Feb. 23. “I had to obtain emergency loans from personal friends. These loans are the exclusive source of cash I have. If I did not take these loans, I would have no liquid assets left.” Tough when you make only 8 grand a month and have two high maintenance women. Read More >
OK, so steel-wheeled, camo-clad test mules are never easy to identify. Especially when they are actually an all-new vehicle positioned at a segment that their brand isn’t exactly well-known for competing in. Here’s a hint: this vehicle illustrates exactly why entry-luxury brands like Buick are in so much trouble. We’re looking at a vehicle that will be sold in the US in a few years, sporting a well-known luxury badge. Can you guess the make and model? [Answer: It’s the next-generation Mercedes-Benz B-Class… and once again, there’s no fooling you guys!]
The first Kia Soul hamster ad was good, but this latest one takes the same humor and message and blows the lid off the concept. Between this and the recent Challenger ad, 2010 is shaping up to be a good year for car advertising.
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