I fell in love with Chrysler back in 1991. Really. The LH sedans were the first four door cars I ever wanted to buy. Sports car looks. 214 horsepower. Of course they were just in the developmental stage back then with only a Viper or two out in the real world. I didn’t care. As I studied more of Chrysler’s other show cars of that time and reflected on the company’s restructuring measures (I was an industry wonk even then), I smelled the opportunity of an 18 year old’s lifetime. I bought 260 shares of Chrysler at just over $10 a share. Two years later I thought LH stood for, “Lordy Hallelujah!” as I spent my newfound fortune on babes and booze. Make that one babe who thankfully became my wife, and a laptop computer.

2009 was a great year for China’s auto makers with a record growth of 45 percent that propelled the market to 13.6 million units and gave it unassailable #1 status. It wasn’t all roses for everybody. For China’s Brilliance, joint venture partner of BMW, 2009 was downright rotten. Read More >

A Chinese friend just called me up. Claimed I would know a lot about cars. Asked whether he should invest his hard-earned Renminbi into an Audi Q7 3.6, or a Mercedes ML300, or a BMW X5-3.0, or a VW Tourareg V8?

What do I know. Of course, I didn’t tell him that.

My reputation as a know-it-all foreigner is at stake here. You know, China, all about face. So I’m asking the best and brightest of the Best & Brightest: What should I recommend? Serious, snark-free advice, please. Obviously, this guy has money, and I don’t want to end up on his wrong side. I would suffer a serious quanxi deduction if my advice turns out as bogus.  No other brands, he’s fairly set on these Teutonic choices.

Ah, the tangled web of automotive high finance. Victor Muller, CEO and largest shareholder of Dutch automaker Spyker Cars said “oops” (or Dutch words to that effect) and reduced his voting interest is Spyker from 34.3 percent to 26.8 percent.

Why? It just dawned on Muller (or his CPAs) that with more than 30 percent he would have had to make a buyout offer for the rest of the shares. After having gobbled up Saab through complex dealings involving Russian money of dubious provenance, being forced to buy out the whole company because of some silly law wasn’t a high priority for Muller.

Rules are rules, so what’s a newly minted tycoon to do? Read More >

After long hand-holding and necking, Daimler and Renault finally seem to progress to third base. The Financial Times reports that the French and the Germans “are in the final stages of wide-ranging strategic partnership talks that would involve the German and French car makers taking ‘symbolic’ minority stakes in each other.” Read More >

When we wrote yesterday that GM’s „car of the future,“ to be shown at the upcoming Shanghai Expo, “looks more like an overgrown Segway scooter,” we meant it in jest. Turns out they are serious. It IS an overgrown Segway scooter. Read More >

Opels head shop steward Klaus Franz is mightily mad at Opel’s CEO Nick Reilly. Reilly told the London Times that the Ampera, Opel’s counterpart to the Volt, may be built in the Ellesmere Port plant in the UK:“The chances are quite good that the Ampera will come to Ellesmere Port as it is close in production terms to the Astra and will share many components,” Reilly said. In the meantime, Berlin cues Roberta Flack’s “Killing me softly” as a prelude for Opel’s funeral. Read More >

Jon writes:

Hi Sajeev, I own a 2002 Subaru WRX wagon, and live in Tennessee.  Last month, Subaru and the NHTSA issued a recall for certain 02-03 WRXs in northern states.  The recall states that in cold weather, there may be an underhood fuel leak.  Tennessee is not considered a cold-weather state, so my car is not officially part of the recall.  But I’ve noticed that if the temperatures get down to the 20s (not particularly cold, in my book), I can definitely smell raw fuel coming from the engine bay.  I’ve called two dealerships in my area, and neither of them have heard anything about the recall.  I called Subaru directly, and they are insisting that I take my car to a dealer for an inspection.  Naturally, the cost of this inspection will only be refunded if the car is then included in the recall.  I do not at all like this option.  Any ideas on where else to turn?

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Media from Associated Press to The Business Standard of India are abuzz with reports that Fiat (the company) is planning to cut 5000 jobs and will be spinning off its car division this summer. The stock market seems to like the idea: Fiat’s shares rose 4.15 percent. Read More >

Honda is perplexed and overwhelmed by the demand for their just launched CR-Z small sports hybrid car, says The Nikkei [sub]. Honda had planned for 1000 a month, which turned out to be a big mistake. After one month, they already have more than 10,000 orders, and a hard time filling them. They’ve sold in one month what they wanted to sell in a year, more or less, and the orders keep pouring in. Read More >

Motor Trend reports that Cadillac’s long search for a flagship is over. After debating a number of options, including importing a stretched Chinese-market STS, GM has decided that the “Super Epsilon”-based XTS will be the future range-topper for its luxury brand. The XTS was developed on a stretched version of the platform that underpins GM sedans including the Buick LaCrosse, Chevy Malibu and the forthcoming Buick Regal, and was shown in concept form as the XTS Platinum concept at the Detroit Auto Show. That concept was shown with a theoretical plug-in drivetrain made up of Cadillac’s 3.6 liter DI V6 and the plug-in components from the canceled Vue plug-in, and according to MT, the recent cancellation of the Converj plug-in means “there’s profit and green image to be had in the plug-in XTS.” Until that technology is production-ready, choosing the XTS’s engine options will be an interesting challenge.

Read More >

Malaysia is an economic boom-town, and a country of 28m people. Import duties on foreign cars can run as high as 300 percent. According to unconfirmed rumors, this is to protect the two local makers, Proton & Perodua.

Many foreign car makers have tried to get a chunk of that protected market. One of them is Volkswagen, which does a booming business next door in China. Read More >

A federal appeals court ruled yesterday that municipalities in most states may use evidence illegally collected by photo enforcement cameras. The US Court of Appeals for the Fifth Circuit made its decision in the case of Stephen Bell who sued both American Traffic Solutions (ATS), an Arizona-based red light camera operator, and Redflex Traffic Solutions of Australia for violating Texas statutes requiring companies involved in private investigation to obtain a license. The three-judge appellate panel determined that there was no problem with companies offering unlawfully obtained evidence in civil court cases.

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Shanghai is in the grips of pre-Expo frenzy. Shanghai’s Finest are closing down all world famous adult entertainment establishments to present a clean Shanghai from May 1 to October 31 – no red rope treatment, except at the show entrance . General Motors, corporate citizen of Shanghai, unveiled a new electric concept car to up its image as a supplier of non-polluting cars tailored to keep the crowded mega-cities of the future green and clean. Did I say “car?” It looks more like an overgrown Segway scooter. Or something that escaped the Sunday Funnies, AD 1968 … Read More >

Money-wise, the United States is in a bit of a tough spot. Must create revenue wherever it can. From red light cameras to shaking down foreign companies. On Tuesday, Germany’s Daimler AG was charged with violating U.S. bribery laws “by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals,” as Reuters has it. After asking “how much will it take for this to go away?” Daimler plans to pay $185m to settle charges by the U.S. Justice Department and Securities and Exchange Commission. Read More >