Growing recalls, loss of customers’ confidence, questions about their management, falling stock price and congressional hearings. 2010 hasn’t been kind to Toyota, so any good news now would be welcome. Consumer Reports is here to help. Yes, Consumer Reports. Read More >

As connoisseurs will certify, daily Hummers are good for you. The Chinese agree and keep us supplied with the delicious staple of GM (and we don’t mean genetically modified) food.

Yesterday, we announced that time may be running out for the Hummer-Tengzhong deal. Jalopnik even went as far as saying that the deal is dead.

“Not so” said Shanghai Daily in the early Chinese morning hours of Wednesday. One of their sources said that “the chances of having the deal approved had dropped to 50-50,” another source of the Shanghai paper remained defiant: “Tengzhong has not given up hope yet to win government approval.”

This (U.S.) morning, the Wall Street Journal weighed in on the matter. Their Beijing correspondent reconnected with her “person close to the situation” after the source had returned from the Chinese New Year holidays. That impeccable source reported that “Sichuan Tengzhong Heavy Industrial Machinery Co. has been told that the Chinese government won’t clear its deal to buy General Motors Co.’s Hummer unit.”

In the afternoon, Reuters did a straddle.  Read More >

If you were a company at time of recession, belt-tightening and countries on the verge of bankruptcy, you’d think that registering record profits and growing global market share at times like these would keep everyone at your company happy, right? Wrong. Members of Hyundai Motor’s union are angry. Livid. Up in arms. And as students of Asian cultures will confirm, Koreans can get, shall we say, a bit hot and bothered about causes close to their hearts.

Koreatimes reports that despite pleas from management for peaceful resolutions, their union has demanded that Hyundai stop expanding overseas and guarantee job security at home – or else. Read More >

When we reported a few days ago that Porsche would have serious trouble complying with the upcoming CAFE rules, and that the existence of Porsches on American roads may be in danger after 2016, the majority of the commentariat exploded: “Unbelievable!” Read More >

The Wall Street Journal [sub] reports that Indiana diesel engine supplier Cummins will pay $2.1m in civil penalties for violations of the Clean Air Act. The EPA and the Justice Department complaint alleges that Cummins shipped 570k heavy-duty diesel engines to OEM customers between 1998 and 2006 without the emissions-control systems that make them Clean Air Act-compliant. It’s not even clear clear that the crud-controlling gear is missing. The paperwork is.  Cummins spokesfolks admit that 405 (or about .7 percent) of those engines never received documentation that shows they were fitted with the appropriate emissions-control systems. This is particularly embarrassing for Energy Secretary Steven Chu, who recently gave Cummins $54m in Recovery Act grants intended to improve truck efficiency and emissions, and called the firm “the leader in clean-diesel manufacturing.”

Kicking Tires calls these “the first official photos of the production version” of the next-generation Chevrolet Aveo. They show a subcompact that’s definitely less showcar-ish than the Aveo RS concept from NAIAS, but is still in the computer-generated “uncanny valley” between the realistic and real. Or maybe I’m just getting used to the idea of a halfway-appealing Aveo.

It was bound to happen.  Combine the irresistible force of the Datsun 240 Z with the charming demeanor of TTAC’s “LeMons Racing Experience” (LRE) team captain, Troy Hogan, and we were bound to win something.  And that point was the February 2010 running of the 24 Hours of LeMons in Houston.

We didn’t win the race, unless in 28th place counts as winning. But this time we got a prize, the highly coveted Index of Effluency now rests on our mantle:  and it is the top prize in LeMon Land. To quote judge Murilee Martin,it is “the pinnacle of all LeMons awards….(given) to the team that accomplishes the most with the crappiest car.”  While we always had the latter, the former is the textbook definition of “added perk.” And our new paint job (fashioned from the Paul Newman-era BRE racing livery) certainly looks trophy-worthy. The $1500 worth of nickels didn’t hurt either, even if we shouldn’t put them on the roof of the car for photography.

Read More >

When I met Uwe Gemballa the first time, he looked like he could be the manager of the local strip club down the road: Shoulder long bleach blond hair, a flashy watch, a suit to match the watch, the shirt unbuttoned down to the chest. I then found out that he had brought a Porsche 911, that made upward of 750hp, to a friend of mine, to make it street legal. Gemballa had one of the hottest tuner shops in Germany. His mods to the Porsche Cayenne produced the fastest SUV in the world – at least that’s what Uwe told me. Last I heard from him was some two months ago. He wanted to import Gemballas to China, and could I help him? Then it became quiet. Now I know why. Read More >

Not many in Colorado, according to the Colorado Springs Gazette, which reports that the Motor Trend Certified Advantage [yes, really] network is joining Sears in mopping up culled dealers. What GM’s pump-em-up video leaves out: the fine print explaining how the new-look dealership renovations will be paid for.

Toyota CEO Akio Toyoda will give the following prepared statement in his testimony before the House Oversight Committee tomorrow [via WOKV].

Thank you Chairman Towns.

I am Akio Toyoda of Toyota Motor Corporation. I would first like to state that I love cars as much as anyone, and I love Toyota as much as anyone. I take the utmost pleasure in offering vehicles that our customers love, and I know that Toyota’s 200,000 team members, dealers, and suppliers across America feel the same way. However, in the past few months, our customers have started to feel uncertain about the safety of Toyota’s vehicles, and I take full responsibility for that. Today, I would like to explain to the American people, as well as our customers in the U.S. and around the world, how seriously Toyota takes the quality and safety of its vehicles. I would like to express my appreciation to Chairman Towns and Ranking Member Issa, as well as the members of the House Oversight and Government Reform Committee, for giving me this opportunity to express my thoughts today.

Read More >

The Canadian car market has always been dominated by US makes. But the “special relationship” has also resulted in some curious efforts to maintain a sense of unique identity, or respond to the distinctive characteristics of the market.  We had our Plodges (mixed styling of the Dodge and Plymouth models), Beaumonts (sold at Pontiac dealerships with Chevrolet engines and Pontiac style trim), Meteors, Mercury trucks, Fargo trucks, etc. along with various European makes including Vauxhall. In addition to selling its models under the Vauxhall brand, GM’s British subsidiary also created the Envoy name just for Canada. The Vauxhalls where sold by Pontiac/Buick dealers, and so as not to be left out, the Chevrolet/Oldsmobile dealers recieved the Envoy badged versions, like this Epic. Read More >

We are delighted – Saab’s future is now secure. From today we will be concentrating all of our efforts into reviving Saab and transforming it into a sustainable and profitable company with the confidence to be bold.  We will reinforce the emotional experience between Saab drivers and their cars and we will focus on Saab’s historical strengths in the fields of independent thinking, aircraft heritage, ecological performance and motorsport.

Through this acquisition we add approximately 15 euros per share in equity and 60 euros of assets.  With a well funded business plan in place we are looking forward to working with Saab’s management on the realization of that plan and bringing exciting new products to our customers. Real Saabs, Saab Saabs.

Spyker CEO Victor Muller celebrates the official transfer of ownership of Saab [full release in PDF format here]. GM’s release can be found here.

Bubbles, bubbles, toils and Peugeots? Find out more here.

In these times of bailouts, stimuli and protectionism, it’s probably a good time to remind ourselves of the basic tenets of capitalism. In short, let the free market run free and things will adjust themselves. Or so they say. If factory costs are too high, you either cut costs or move to a place that has lower costs. This is why Eastern Europe is so popular for European manufacturing companies. Cheap labor, low overheads and no tariffs due to EU membership. However, as I said earlier, when a free market is allowed to be free, things will adjust. And adjust, they have. Read More >

Although the Chinese government takes much of February off for New Year festivities, GM’s deal to sell HUMMER to Sichuan Tengzhong has exactly one week left before a self-imposed deadline for completion arrives. The deal is being held up by China’s Commerce Ministry which has publicly said that it wants the Chinese auto industry to consolidate and become “greener,” two goals that are severely at odds with Sichuan Tengzhong’s HUMMER aspirations. Now, the Financial Times reports that Tengzhong may be trying to pull an end-around on the Chinese government by pursuing a purchase via an offshore investment vehicle. This would (in theory) evade the requirement for the Commerce Ministry’s approval. In reality … Read More >