Along with Israel, Denmark is one of the first countries to sign on to Project Better Place’s attempt to establish a viable electric car infrastructure. And as with all early adopters, Denmark is paying a pretty price for the experiment. The country is spending $100m on infrastructure, including charging points and battery-swap stations. Moreover, Better Place’s partner, public utility Dong Energy, is trying to run the new EV infrastructure entirely on wind power, which is already the source of 20 percent of Denmark’s energy. “We’re the perfect match for a windmill-based utility,” Better Place founder and CEO Shai Agassi tells the NY Times. “If you have a bunch of batteries waiting to be charged, it’s like having a lot of buckets waiting for rain.” Despite the close government involvement in the project, Danes are still wary of making a wholesale switch to EVs, prompting the government to offer $40,000 in consumer incentives for electric vehicles, as well as free parking in downtown Copenhagen. Though there’s plenty of skepticism in Denmark about the plan, that incentive is expected to make a huge difference.
Category: News Blog
The departures from GM are piling up fast. After CEO Fritz Henderson was ousted yesterday, MarketWatch reports that Opel’s CFO Marco Molinari has left the firm. This completes a gutting of GM’s financial operations, that includes the departure of GM International CFO Joe Peter, and the any-day-now departure of GM CFO Ray Young. Like the GM mothership, Opel is now without a permanent CEO and CFO. GM CEO and Chairman Ed Whitacre has a ton of hiring to do, and fast.
Nissan’s UK plant could lose the production contract for Nissan’s Leaf EV, thanks to the London 2012 Olympics’ committee. Production of the Leaf at Nissan UK’s Sunderland plant would almost certainly have been confirmed, sources tell Autocar, had the Olympics picked Nissan’s bid, creating instant demand for some 2,000 Leafs. Because they chose BMW to sponsor the 2012 Games, production of the Leaf in the UK is no longer a sure thing. Though Sunderland is still said to be in the running as the European Leaf production site, Nissan have plants in Portugal and Spain that are bidding for the job. And after the London Olympic committee’s implication that Nissan’s bid lost because they couldn’t rely on its EVs, Nissan seems ready to make all of England pay for the insult.
If you are a daily reader of the Nikkei, as we are in the Schmitto-san household, you can sometimes lose your confidence in Japanese precision and accuracy.
Yesterday, we quoted the Nikkei as saying that “sales of new cars and trucks rose 36 percent year on year to 293,410 units in November, marking the fourth straight month of increase, the Japan Automobile Dealers Association said Tuesday. Passenger car sales surged 43.8 percent to 268,450 units.”
Today, we read in the Nikkei that “new-vehicle sales increased 18.3 percent to 436,535 units in November for a third straight year-on-year gain, according to industry data released Tuesday.”
Shitsurei?
Read More >
GM China’s sales are on a tear. November sales in China jumped 109.5 percent, Reuters reports, citing a company release. GM and its joint ventures sold 177,339 vehicles in November. As goes GM, so goes the Nation.
Read More >
What happens on Facebook is not private, kids. A picture may be worth a thousand words, but the right screencap can be worth a a few million. Ms Henderson’s anger is understandable, but it also makes it difficult to discern the amount of real truth in her words. In any case, this might confirm a few suspicions that Henderson’s departure was not an entirely well-planned, or mutual decision. Or, it might just make you a little sad. Either way, Ms Henderson’s version of the truth is out there now.
[Comments are closed on this post]
GM’s board accepted Fritz Henderson’s resignation today, and its Chairman Ed Whitacre will serve as CEO until a replacement is found. A search for a new President/CEO will begin immediately. Whitacre took no questions, saying the day had been “hectic.” A spokesman said the resignation was a decision reached mutually by Fritz and the board, based on the company’s “current position.” The spokesman refused to answer further questions about the leadership change, prompting one journalist to ask why GM hadn’t simply issued a release, rather than calling a conference. “This is stupid,” he said. The spokesman revealed that the government “was notified after the board’s decision,” and referred questions of hiring practice to the federal paymaster, Kenneth Feinberg. Otherwise, there are no real answers coming out of today’s statement and brief question-and-evasion period. Whitacre’s statement is after the jump.
Read More >
Breaking, via the AP. We are currently listening to muzack waiting for GM’s press conference to begin. [Hat Tip: Tex Lovera]
GM’s sales fell by only two percent in November, showing that, unlike Chrysler, its sales are fairly well tied to the overall health of the market. All four of GM’s “core brands” posted month-on-month increases, with Buick up 14.8 percent, Cadillac up 10.3 percent, Chevrolet up 4.5 percent and GMC up 5.4 percent. Non-core brands including Hummer, Pontiac, Saab and Saturn combined for a 47.9 percent decline, to 11,755 units. Cars fell by 1.3 percent, while Trucks were down by 2.8 percent, leaving GM with total deliveries of 151,427 units.
Someone is happy with November. Nissan did some serious catching up in November after a generally difficult year. A gain of 21% leaves them with a YTD loss of 22%, almost exactly where Toyota and Honda are YTD. The question is, does Nissan have a new-found momentum to propell them ahead of the pack, or is it an aberration? There’s no question about Subaru’s tail wind this year; the all-AWD brand is heading for an all-time record year, on track to beating their previous record of 201k units sold in 2006. The (mostly) happy details: Read More >
The Hyundai sales juggernaut rolled on in November, posting the highest month-on-month gain of any brand with a 46 percent increase [release here]. Its sister brand Kia wasn’t far behind with a 21 percent sales gain over November 2008 [release here]. Year-to-date, the two brands have combined for 680,282 units, a mere 16,417 fewer than Nissan’s 2009 numbers.
Note: These are gross monthly sales numbers; Toyota and Honda’s press releases are using Daily Selling Rate (DSR) numbers. Since there were two few selling days in November, that brings up their percentages. TTAC uses only gross monthly numbers.
Toyota and Honda are each on the three percent side of zero; one up, the other down. Toyota brand vehicles eked out a 1% gain, and Lexus a decent 14% bump, thanks to a good start from the hybrid HS. The pattern was similar at Honda, where Acura led with an 11% boost, and the Honda brand was down 5%. The details: Read More >
Ford buyers’ shift to cars from trucks continued unabated in November. While the F-Series booked a 20% drop, reflecting a weak construction and discretionary truck market, passenger cars sales increased a tidy 14%. Net: Zero. The big winner at Ford is the Fusion, up 54%, and setting a new full year sales record. The details: Read More >
Recent Comments